Personal Loan Phalodi

Best Banks for Personal Loan Phalodi

Personal Loan Phalodi Features

Are you planning a foreign vacation with your family but don’t want to spend your saving? Is your business urgently needing a new machine, but you have drained all your financial resources already? Are you looking for a loan to avail but don’t have the collateral? Don’t worry. We are here to help you get rid of all the financial worries. With Personal Loan Phalodi, you can quickly fulfil all your personal or business needs in a short period. This loaning scheme is said to be one of the most versatile loaning schemes of all time.

Personal Loan Phalodi Interest Rates and Charges

Personal Loan Interest Rate

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

Personal Loan Phalodi Documents Required

Personal Loan Documents Required

Salaried Customers:

1. Residential Proof: Aadhar card, PAN card, passport, Ration card, voter ID card, or driving license. You can use the rental agreement or water/electricity bills for the past three months as residential proof if you are staying on rent.
2. Two recent passport size photographs (coloured)
3. Bank requires one of the following documents as an identity proof of the applicant Aadhar card, PAN card, Driving license, voter ID card or passport.
4. Income proof for the salaried applicant: The applicant needs to provide the last six months of bank statements along with six months of salary slips.

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

Self-Employed Customers:

1. Residential Proof: Aadhar card, PAN card, passport, Ration card, voter ID card, or driving license. You can use the rental agreement or water/electricity bills for the past three months as residential proof if you are staying on rent.
2. Two recent passport size photographs
3. Bank requires one of the following documents as an identity proof of the applicant Aadhar card, PAN card, Driving license, voter ID card, or passport.
4. Income Proof for self-employed: latest ITR documents and audited financial papers of business.

Personal Loan Phalodi Eligibility Criteria

The eligibility criteria for both Salaried and Self-Employed vary in the following ways:

Salaried Applicants

1. Firstly, the applicant’s age needs to be above 21, and the maximum period to avail of this loan is 61.
2. For availing of a personal loan, a salaried applicant’s CIBIL needs to be at least 750.
3. You need to have an account in a bank, and your salary should come to that bank account.

Self-Employed Applicants

1. For a personal loan applicant, the bank requires a CIBIL score to be a minimum of 750.
2. Also, the age requirement to avail of this loan is 25 to 65 years.
3. In addition to this, the applicant’s business needs to be in service for at least three years.
4. Similarly, the annual turnover of the business needs to be 30 Lacs

Click here to know more about eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Phalodi?

1. As it is an unsecured loan, no mortgage or collateral needs to be deposited.
2. This loan is eligible for both salaried and self-employed individuals.
3. Anyone can use the principal amount according to their needs.
4. A Personal Loan does not require any third party.

How to apply for Personal Loan Phalodi?

1. Visit Dialabank and learn more about personal loans.
2. Select the personal loan option to fill in all your necessary details
3. The applicant needs to provide all the required documents as well
4. Our relationship managers will then contact you and provide suitable offers
5. For more information call us on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Phalodi

Every Bank and NBFC charges two kinds of fees from its customers. The first is a fee for processing your Loan application. These charges are 1% of the sanctioned loan amount.

If you wish to foreclose your loan before the agreed loan tenure, every lending institution charges you a penal prepayment fee. In most cases, you cannot close your loan before 12 months. After that, the charges differ based on how many years the loan has been done. These charges vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan Phalodi EMI Calculator

Equated Monthly Installments, also know as EMI, are the monthly fixed charges that an individual needs to pay to repay the borrowed loan amount. The EMI Calculator for Personal Loan is dependent and is calculated using several factors such as Interest rate, amount of loan sanctioned by the bank, and the tenure for which loan has been granted.

CIBIL Score required for Personal Loan Phalodi

CIBIL score is an essential parameter for loan approval. Different establishments have different CIBIL Score requirements. However, most lending establishments require a minimum score of 750 to approve your loan application.

The banks don’t just gander at the overall score but also the detailed behaviour on the loan history, including details on the type of loan taken and the amount borrowed. In addition, any delayed payments for previous loans can act as a barrier to your availing of a new loan.

Personal Loan Phalodi Agent and Contact Number

Dialabank is the leading agent for availing Personal Loan in Phalodi. You can apply online or give a call at 9878981166

Call 9878981166 and get Instant Personal Loan in Phalodi.

Pre Calculated EMI Table for Personal Loan Phalodi

About Phalodi

Phalodi is a city of Jodhpur District in Rajasthan. The town is famous for packing many salt industries in Rin, naming it “salt city.” Phalodi resides in the buffer zone of the Thar desert, making it a place of extreme temperature.

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