Major Personal Loan Providers in Shoranur
| 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 Shoranur Features
It’s time you get over all your day-to-day financial tensions and resolve all your queries with a Personal Loan that finances for any of your personal need.
This kind of advance might be affirmed in as long as 48 hours to get endorsed following the procedure of check.
Individual Loan is a sort of advance that is accessible for you. This sort of advance isn’t just of an unstable nature with extremely fewer archives required with considerably lesser administrative work.
Personal Loan Shoranpur provides you with the best financial assistance to avail the savvy loan with moderate processing fee.
To get a Personal Loan, the candidate is required to have a similarly more grounded and trustworthy wellspring of pay and furthermore a genuinely decent record as a consumer profile.
Also, there exists no stated end-use restriction on the use of the personal loan amount. This loan amount can be used in whatever way wanted.
In order to apply for a personal loan, Shoranur click on Personal Loan
Personal Loan Shoranur 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
Documents for Personal Loan Shoranur
Essential documents for Personal Loan Shoranpur are as follows:
Salaried Customers:
- Identity proof (Aadhar card/driving license)
- Statements for the salary of the past three months.
- Bank statements for the last 6 months
- PAN
- Proof for Residence (Own/Rent/Company provided)
- Passport-size photograph – 2
*NOTE: If one lives in rented apartments, rent agreement are compulsory to mention along with other documents.
Self-Employed Customers:
- All financial statements are required (Balance Sheet, P&L Statement as well as ITR files)
- PAN Card
- Aadhar acrd of the applicant
- Residence Proof
- Passport-sized photographs- 2
PERSONAL LOAN
Interest Rate 9.99%
Eligibility Criteria for Personal Loan Shoranur
Click here to know more about personal loan eligibility
Salaried Applicants
- The base age of the candidate ought not to be under 21 years or over 60 years.
- The candidate must have work understanding of in any event three years. The compensation ought to have been moved in their records as it were.
- The applicant should have an outstanding credit history.
- The job location of the applicant should be mentioned.
- The borrower must have a minimum income of at least INR 25,000 p.m.
Click here to know more about a personal loan for- Salaried Applicant
Self-Employed Applicants
- The age of an independent person applying should be at least 25 years.
- The applicant applying for a personal loan should have been filing ITR for the past three years.I\ case the applicant is a businessman, then the business is required to be running well from the last 3 years.
- The credit score of the applicant should be good and there must not be any debt or any dues pending.
- The yearly income of the applicant should be no less than Rs 2.5 lakh.
- The entire document verification process for the personal loan approval requires the applicants to submit their financial statements and their bank statement of the past three months.
Click here to know more about the personal loan for– Self-employed Applicant
Why Apply for Personal Loan Shoranur?
- There is no hard and fast rule for the requirement of depositing any mortgage or collateral as a security to the bank.
- A personal loan is a kind of multidimensional loan, so it can be put to use for any kinds of issues.
- The amount of personal loans is entirely based on the repayment capacity of the applicant.
- A Personal Loan does not require any nominee or guarantor.
How to apply for Personal Loan Shoranur?
- Visit this website: www.dialabank.com.
- The link will direct you to the detailed information of the personal loan where you can pick your city. For more information and free guidance, please call 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan Shoranur
All Banks and NBFCs cost a certain fee to process a Personal Loan application. This cost varies between 1.5% to 2.5% of the sanctioned loan amount.
To know about the interest rate click on personal loan interest rate
Personal Loan Shoranur EMI Calculator
Equated Monthly Installments or EMI implies a monthly fixed rate that you are needed to pay to the bank as monthly repayment for the loan amount which is secured. According to your profile, the rate of interest on your loan is set.
The EMI is the calculated amount which is decided by the bank that depends upon the amount availed and the period of time given by the bank.
CIBIL Score required for Personal Loan Shoranur
All the lending institutions have their own criteria for a minimal CIBIL score that is needed to process a Personal Loan application in Shoranur. Mostly, the institutions need a minimum score of at least 750 to further process an application.
No institution only looks at the overall score. They also look at an elaborated view of the previous loans.
The details include the type of loans and the amount of money that was borrowed. If there exists any delay in the payments of the previous loans, it may hinder the approval of the present loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Shoranur Agents
Dialabank is one of the leading agents for availing Personal Loan in Shoranur. You can easily apply online at www.dialabank.com 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 comparative analysis of various banks to help you pick the right one. Visit our website www.dialabank.com and fill out a simple form with the details of personal and employment data. Our customer relationship managers will be in touch with you shortly.
Personal Loan Shoranur Contact Number
Call 9878981166 and get timely assistance and approval for Personal Loan in Shoranur.
Pre Calculated EMI Table for Personal Loan Shoranur
Click here for 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 |
About Shoranur
Shoranur is a town and a municipality located in the Palakkad district, in the Indian state of Kerala, located on the banks of the Bharathapuzha River. The town covers an area of 32.28 km².
FAQs About Personal Loan Shoranur
Who can apply for a Personal Loan in Shoranur?
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 Shoranur.
What is the tenure of Personal Loan in Shoranur?
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 instalments within the agreed tenure of the loan.
Are there any other charges involved in Personal Loan Shoranur?
Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Shoranur:
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 Shoranur 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.
