Personal Loan Pollachi

Best Banks for Personal Loan in Pollachi

Personal Loan in Pollachi Features

In this modern world, with increasing expenses and a new lifestyle, it is essential to cope with the trend. So Personal Loan is a scheme provided by banks & NBFCs to get the best loan option to manage all expenses easily, especially for the people in metro cities.

A personal loan is a loan that can be used in multiple ways to fulfil many purposes. These purposes could be debt repayment, taxes, paying medical bills and more.

Personal Loan in Pollachi Interest Rates and Charges 

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

Click (Rate of Interest) to know more .

Personal Loan in Pollachi Documents Required 

Salaried Customers:

1. 2 Passport-sized photographs (colored)
2. Identity proof such as Passport/Id card/voter card/driving license/Aadhar Card
3. Salaried applicants have to submit their salary slips for the last three months and the bank statements for the last six months.
4. The applicant must submit their PAN card, which is an essential document under the KYC formality.
5. Proof of Residence: Passport/voter card/driving license/Aadhar Card/Ration Card*NOTE: In the case of rented apartments, a rent agreement needs to be attached.

Self-Employed Customers:

1. 2 Passport-sized photographs (colored)
2. Identity proof such as Passport/Id card/voter card/driving license/Aadhar Card
3. All financials are required (Balance Sheet, P&L Statement as well as ITR files)
4. The applicant must submit their PAN card, which is an essential document under the KYC formality.
5. Proof of Residence: Passport/voter card/driving license/Aadhar Card/Ration Card

Personal Loan in Pollachi Eligibility Criteria

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

Salaried Applicants

1. The age of the applicant should be at least 21years and can extend up to 60 years.
2. The applicants must have an excellent credit history.
3. The applicants must have the work experience of the three years, and the salary should be received in their accounts only
4. The job location of the applicant should be mentioned.
5. A good CIBIL Score is necessary for approval of a personal loan

Self-Employed Applicants

1. 25 years is the minimum age for the self-employed applicant to apply for a loan
2. The credit score of the applicant should be good, and no bad credit history should be prevailing
3. The applicants applying for the personal loan should file ITR for the last three years.
4. If the applicants are the businessman, then the business should be running from the past three years.
5. A minimum of Rs 2.5 lakh should be the annual income of the individual
6. Applicants have to submit his financial and his bank statement of the previous three months.

Click here to know more about eligibility: Personal Loan Eligibility

Why Apply for Personal Loan Patiala?

1. As it is an unsecured loan, no security or collateral needs to be deposited.
2. A personal loan is a multi-purpose offer loan and can be used for any purpose whatsoever.
3. The amount of a personal loan depends upon the repayment of individual income and capacity.
4. A Personal Loan does not require any guarantor or nominee.

How to apply for Personal Loan Pollachi?

1. Visit dialabank and avail the best offers on a personal loan
2. Applicant should select personal loan under the loan section
3.  Fill in all the necessary details and provide all the documents
4. Our executives will then contact you for checking the eligibility and provide you with the best offers
5. For more information and free guidance, you may call on 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Pollachi

Every lending institution charges an amount known as a processing fee for the personal loan application form, whose rates vary from bank to bank.

Generally, a borrower cannot foreclose the loan tenure before 12 months, but if they wish to do so, the banks put a penalty amount known as prepayment charge, which the borrower shall pay to the bank.

Personal Loan Pollachi EMI Calculator

Equated Monthly Installments, also know as EMI, are the monthly charges that an individual has to pay to the bank as monthly repayment for the loan amount borrowed.  Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate the bank charges you, the amount of loan you have to take, and the period you enjoy the loan.

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

CIBIL Score required for Personal Loan Pollachi

CIBIL score is an important criterion for loan approval. Different banks have different CIBIL Score requirements. However, most institutions require a minimum score of 750 to process your loan application.

The institutions don’t just look at the CIBIL score but also the details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing of a fresh loan.

Personal Loan Pollachi Agents

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

Dialabank helps you find the best option of Banks and NBFCs by providing you with a detailed market comparison of different Bankston make the right choice. Visit our website and fill a simple form with your income and other necessary details. Our executives will soon get in touch with you.

Personal Loan Patiala Contact Number

Call 9878981166 and get Instant Personal Loan in Pollachi.

Pre Calculated EMI Table for Personal Loan Pollachi

About Pollachi

Situated in the Coimbatore district of Tamil Nadu, Pollachi is well known for trading coconuts, jaggery, livestock and much more.

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