Personal Loan Sheikhpura

Major Personal Loan Providers in Sheikhpura

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	0.12
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 - 5 Years	1 - 5 Years	1 - 5 Years
Processing Fee	0.25% - 2% of the Loan Amt	1% - 2.5% of the Loan Amt	0.5% - 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Personal Loan Sheikhpura Features

In need of immediate cash? Don’t you worry? A personal loan is the right kind of loan for you. This variety of loans is not only of an unsecured nature with very fewer documents required with even lesser paperwork. This type of loan may be signed in up to 48 hours to get approved following the method of verification.

Personal Loan Sheikhpura gives financial aid to all consumers at an affordable as well as cost-effective interest charges. To get a Personal Loan, the borrower is required to have a comparatively more effective and reliable source of income and also a fairly regular credit history profile.

Also, there exists no said end-use restriction on the use of the personal loan amount. This loan sum can be used in whatever way needed.

If you plan to apply for a personal loan, Sheikhpura click on Personal Loan

Personal Loan Sheikhpura Interest Rates

Bank	Processing Fee	Prepayment Charges
HDFC Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan	0.50% to 1.50%	Nil
Private Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 9 months
SBI Personal Loan	500/- to 0.50%	Nil
Kotak Personal Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan	Nil	Nil
Muthoot Personal Loan	Nil	Nil
Manappauram Personal Loan	Nil	Nil
PNB Personal Loan	0.70% to 1%	Nil
Canara Bank Personal Loan	0.01	Nil
Andhra Bank Personal Loan	Nil	Nil

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

More About: Interest Rates on Personal Loan

Documents for Personal Loan Sheikhpura

Salaried Customers:

1. Identity verification(Aadhar card/driving license)
2. Statements for the pay of the past three months.
3. Bank accounts for the last 6 months
4. PAN
5. Proof for Cantonment(Own/Rent/Company provided)
6. Passport-size photo- 2

*NOTE: If one lives in paid apartments, rent agreement needs to be attached.

Self-Employed Customers:

1. All financial statements are challenged (Balance Sheet, P&L Statement as well as ITR files)
2. PAN Card
3. Aadhar
4. Residence Affidavit
5. Passport-sized images- 2

Eligibility Criteria for Personal Loan Sheikhpura

The eligibility criteria may vary between Salaried and Self-Employed.

Salaried Applicants

1. The base age of the applicant ought not to be under 21 years or over 60 years.
2. The candidate must have a practical understanding of in any event three years. The coverage ought to have been moved in their records as it were.
3. The candidate should have an outstanding credit history.
4. The job scene of the applicant should be mentioned.
5. The borrower must have a minimum pay of at least INR 25,000 p.m.

Click here to comprehend more about a personal loan for- Salaried Applicant

Self-Employed Applicants

1. The age of an inner-directed person asking should be at least 25 years.
2. The applicant concerning a personal loan should have been filing ITR for the past three years. In case the claimant is a businessman, then the business is needed to be running well from the last 3 years.
3. The credit score of the candidate should be good and there must not be any claim or any dues pending.
4. The yearly income of the candidate should be no less than Rs 2.5 lakh.
5. The entire certificate verification process for personal loan approval requires the applicants to submit their economic statements and their bank statement for the past three months.

Click here to know deeper about the personal loan for– Self-employed Applicant

Why Apply for Personal Loan Sheikhpura?

1. There is no hard and fast rule for the provision of depositing any mortgage or insurance as a security to the bank.
2. A personal loan is a kind of multidimensional investment, so it can be put to use for any kind of issue.
3. The significance of personal loans is entirely based on the repayment ability of the applicant.
4. A Personal Loan does not want any nominee or guarantor.

How to apply for Personal Loan Sheikhpura?

1. Visit this website: Dialabank.
2. Then, go to the loan section and go to the personal loan connection. It will direct you to the specific information of the personal loan where you can pick your city. For more news and free guidance, please call 9878981166.

Processing Fee / Prepayment Charges on Personal Loan Sheikhpura

All Banks and NBFCs cost a certain fee to prepare a Personal Loan application. This value varies between 1.5% to 2.5% of the sanctioned loan amount.

If you wish to close your loan before the decided loan tenure, all lending establishments will be charging you a penalty as a prepayment fee. Usually, you will not be permitted to close your loan before a period of 12 months. Post that, the sales differ based on the number of years the loan has ended. This charge varies from 4% of the waiting loan amount in the second year to 2% in the fourth year of the loan.

To know concerning the interest rate click on personal loan interest rate

Personal Loan Sheikhpura EMI Calculator

Equated Monthly Installments or EMI implies a monthly set rate that you are required to pay to the bank as a monthly payment for the loan amount which is obtained. According to your form, the rate of interest on your loan is set. The EMI on your credit is limited depending upon the Rate the bank charges you with and the loan amount you have to take and the period for which you take the loan.

Click here to know more about- EMI Calculator

CIBIL Score required for Personal Loan Sheikhpura

All the lending institutions have their own criteria for a minimum CIBIL score that is required to process a Personal Loan application Sheikhpura. Mostly, the institutions need a least score of at least 750 to further process an application.

No institution only seems at the overall score. They also see an elaborated view of the previous loans. The features include the type of loans and the amount of money that was borrowed. If there lives any delay in the payments of the previous loans, it may prevent the approval of the present loan.

Personal Loan Sheikhpura Agents

Dialabank is one of the leading causes of availing Personal Loan in Sheikhpura. You can easily use online at Dialabank or give a call at 9878981166

Dialabank assists you to look for the best option of Banks and NBFCs by giving you access to an in-detail market-related analysis of various banks to help you pick the right one. Visit our website Dialabank and fill out a single form with the details of personal and work data. Our customer relationship managers will be in touch with you shortly.

Personal Loan Sheikhpura Contact Number

Call 9878981166 and get timely assistance and support for a Personal Loan in Sheikhpura.

Pre Calculated EMI Table for Personal Loan Sheikhpura

Click here for a personal loan EMI calculator

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

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About Sheikhpura

Sheikhpura is a city and a municipality in Sheikhpura district in Bihar.

FAQs About Personal Loan Sheikhpura

Who can apply for a Personal Loan in Sheikhpura?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Sheikhpura.

What is the tenure of Personal Loan in Sheikhpura?

Most of the Banks and NBFCs provide a Personal Loan for a min period of 1 Yr and a Max period of 5 Years. There are some Banks which extend the maximum period to 7 Years also. The tenure is fixed and cannot be extended. The repayment has to be done in equal monthly installments within the agreed tenure of the loan.

Are there any other charges involved in Personal Loan Sheikhpura?

Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Sheikhpura:

Processing Fee: For every bank or lending institution that you borrow from, there is a small fee that they charge from the customer. This is known as Processing Fee. The amount of processing fee varies for each lending institution and is normally between 1% and 2.5% of the loan amount.

Pre-closure Charges: If you want to close a running loan before its decided tenure period, the Banks and NBFCs charge an extra amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges vary depending on how many years has your loan completed before you decide to pre-close it.

Can my application for Personal Loan Sheikhpura get rejected due to my CIBIL score?

Personal Loan, being an unsecured loan, one of the most significant decision criteria for getting your Personal Loan application approved is your CIBIL Score. Having a High CIBIL score becomes extremely important if you wish to avail of a Personal Loan in the future. Make sure you don’t leave or delay any of your loan EMI payments or any credit card payments as that will result in decreasing your CIBIL score. Most of the Personal Loan rejections occur because of a low CIBIL Score.

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