Personal Loan Phagwara

Major Personal Loan Providers in Phagwara

Personal Loan Phagwara Features

Do you need some financial assistance to pay off your old debts? Looking for lumpsum money for a dream project?

Apply for a personal loan and fulfil your money requirements. A personal loan is a type of unsecured loan that a person can avail of based upon their income and credit score without the need for depositing collateral security. It gets disbursed within 48 hours by applying with Dialabank and the loan amount sanctioned is transferred to the account of the applicant without any difficulties.

Personal Loan Phagwara Interest Rates

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents for Personal Loan Phagwara

Salaried Customers:

1. The documents required for the residence proof include Passport / ID card / Voter card / Aadhaar card / Ration card / Driving license. If the applicants are living in rental apartments, then they have to submit their Rent Agreement, Electricity bill on the name and address of the owner.
2. Two coloured passport size photos of Applicants in which they should not be wearing any glasses.
3. Proof of Identity needs to be submitted, which includes Passport copy/ Driving License/ Voter ID, etc.
4. Salaried applicants have to submit their salary slips for the last three months and bank statements for the last six months.
5. Under KYC formality, every applicant has to submit their pan card, which is an essential document.

*NOTE: In case of rented apartments, rent agreement needs to be attached.

Self-Employed Customers:

1. The documents required for the residence proof include Passport / ID card / Voter card / Aadhaar card / Ration card / Driving license. If the applicants are living in rental apartments, then they have to submit their Rent Agreement, Electricity bill on the name and address of the owner.
2. Two coloured passport size photos of Applicants in which they should not be wearing any glasses.
3. Proof of Identity needs to be submitted, which includes Passport copy/ Driving License/ Voter ID, etc.
4. Self-employed applicants who are looking to get a personal loan should file ITR for the last three years, and their business should be registered.
5. Under KYC formality, every applicant has to submit their pan card, which is an essential document.

Eligibility Criteria for Personal Loan Phagwara

The eligibility criteria for both Salaried and Self-Employed are as follows:

Salaried Applicants

1. The borrower should be at least 21 years of age and can be of maximum 60 years of age
2. The borrower needs to have a good credit history along with a CIBIL score above 700
3. Job location should be mentioned in the form
4. The individual applying for the loan must have work experience of a minimum of 3 years, and their salary should be incoming to their personal account.

Self-Employed Applicants

1. A self-employed person applying for the personal loan must be above 25 years of age
2. The applicant shall submit all financial and banks statements of the past three years
3. The business of a businessman should be functional for at least the past three years.
4. A good CIBIL score without any history of bad credit is essential
5. The applicants applying for the personal loan should file ITR for the last three years.
6. The annual income of the applicants should be a minimum of Rs 2.5 lakh.

Click to know more about Eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Phagwara?

1. Fast disbursal of loan.
2. No security or collateral to be deposited to the bank
3. The amount of a personal loan depends upon the repayment of individual income and capacity.
4. A guarantor or nominee is not required for a personal loan
5. Can use the amount of loan sanctioned as per requirement without any limitations

How to apply for Personal Loan Phagwara?

1. Visit Dialabank
2. Go to the loan section and click on the personal loan link.
3. Provide all your personal as well as professional details as per requirement
4. As soon as you are completed with the formalities, our executives will get in touch with you
5. To know more, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Phagwara

Every institution offers a personal loan charge a certain amount known as a processing fee, which is required for the further processing of the personal loan application form. The Personal Loan Phagwara processing fee is 1% of the total loan amount.

If an individual who has applied for a personal loan wishes to foreclose his loan before the 12 months or the agreed tenure of the loan, then they shall pay a penalty which is known as a prepayment charge to the lender.

Personal Loan Phagwara EMI Calculator

Equated Monthly Installments also know as EMI are basically fixed charges that a borrower needs to pay the bank in regular intervals as a mode of repayment for the amount of loan borrowed. The calculation of EMI depends on the loan tenure, interest rate charged by the bank and amount of loan taken.

Get to know more about EMI Calculator: Personal Loan EMI Calculator

CIBIL Score required for Personal Loan Phagwara

Every institution offering personal loan have their own lower limit of CIBIL score for loan approval. On a general basis, it is around 700.

Along with the CIBIL score, the lenders look upon and analyze the history of credit as well as the behaviour of payment by the individual too.

Personal Loan Phagwara Agents

Dialabank is the leading agent for availing Instant Personal Loan in Phagwara. You can apply online at Dialabank or call on 9878981166

Personal Loan Phagwara Contact Number

Call 9878981166 and get instant help and approval for Personal Loan Phagwara. Thereafter, our relationship managers will assist you.

Pre Calculated EMI Table for Personal Loan Phagwara

About Phagwara