Best Banks for Personal Loan in Solapur
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
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes
Personal Loan in Solapur Features
Personal loan Solapur is unsecured in nature with minimal documentation and less paperwork. Another benefit is that the approval of this loan will be finalized within 48 hours after the verification process.
A personal loan is available for all those who are running short of and in need of cash. Personal Loan Solapur is an unsecured loan that provides financial aid to the customers at affordable interest rates. A rigid and good source of income along with a satisfactory credit history is essential in order to provide loans to the applicants.
Moreover, there is no end-use restriction on the use of the personal loan amount. The applicants can use this loan amount anywhere they want to.Personal loan Solapur Interest rates are quite cheaper @9.99% p.a.
Personal Loan in Solapur Interest Rates
To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates
Bank
Processing Fee
HDFC Bank Personal Loan
0.25% to 1.50%
Axis Bank Personal Loan
0.50% to 1.50%
Nil
Private Bank Personal Loan
0.25% to 1.50%
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
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
Documents required for Personal Loan Solapur
Salaried Customers:
There are various documentation requirements for salaried customers. These include documents such as identity proof (Aadhar card/driving license), salary slips of last three months, bank statements for the last 6 months, PAN card, residence proof (owned/rented/company provided) and passport-sized photographs -2.
*NOTE: In case of rented apartments, rent agreement needs to be attached.
Self-Employed Customers:
There are several documentation requirements for even the self-employed customers. These include financials (balance sheet, P&L statement as well as ITR files), PAN card, Aadhar card, residence proof, two passport-sized photographs.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Solapur Eligibility Criteria
The personal loan eligibility criteria for both Salaried and Self-Employed are different:
Salaried Applicants
- The minimum age requirements of the individual should be 21 years and maximum up to 60 years.
- The applicants must have the work experience of the three years. The salaries of the applicants should be deposited only in their accounts.
- The applicants must have an excellent credit history.
- The job location of the applicant should be mentioned.
- A borrower should have a minimum income of INR 25,000 per month
Click here to know more about- Salaried Applicant
Self-Employed Applicants
- The minimum age requirement for an independent person should be 25 years.
- The applicants applying for the personal loan should file ITR for the last three years.
- If the applicants are the businessman, then the business should be running from the past three years.
- The credit score of the individual applicants should be good. There should not be any debt or dues left.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the personal loan is the applicants have to submit his financial and his bank statement of the previous three months.
Click here to know more – Self-employed Applicant
Why Apply for Personal Loan in Solapur?
Personal loan Solapur provides its customers with various benefits that help them in several ways. In this loan mortgage and collateral security does not need to be deposited to the bank. It is a multi-purpose offer loan. It can be used for all the problems related to finance. Moreover, the amount of personal loan depends upon the repayment of individual income and capacity.
How to apply for Personal Loan in Solapur?
- Visit Dialabank.
- Go to the loan section and click on the personal loan link.
- The applicant will be directed to all details of the personal loan where they can choose their preferred city.
- For more information and free guidance, you may call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan in Solapur
Every Bank and NBFC charges a fee for processing your Personal Loan application. These charges vary between 1.5% to 2.5% of the sanctioned loan amount.
A penal fee is charged by every lending institution in the case where the applicant wishes to foreclose the loans before the agreed loan tenure. In most cases, you cannot close your loan before 12 months. Post that the charges vary depending on how many years the loan has 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 EMI Calculator Solapur
Equated Monthly Installments also know as EMI are the monthly fixed charges that you 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 using personal loan EMI calculator basis the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.
CIBIL Score required for Personal Loan Solapur
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Solapur. Most institutions require a minimum score of 750 to process your loan application.
The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. You may experience a decrease in your CIBIL score if you skip any of your credit card payments or EMI payments.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Solapur Agents
Dialabank is the leading agent for availing Personal Loan in Solapur. You can apply online at Dialabank or give a call at 9878981166
Dialabank helps you to find the best option of Banks and NBFCs by providing you with the detailed market comparison of different banks so that you can make the right choice. Visit our website Dialabank and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.
Personal Loan Solapur Contact Number
Call 9878981166 and get instant help and approval for Personal Loan Solapur.
Pre Calculated EMI Table for Personal Loan Solapur
About Solapur
Solapur is a city situated in the southwestern region (close to the border of Karnataka) of Maharashtra
FAQs About Personal Loan Solapur
✅Who can apply for a Personal Loan in Solapur?
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 Solapur. It is the 5th biggest city in Maharashtra and the 49th most populous city in India and 43rd largest urban agglomeration. It is one of the most important centres for the handloom and power loom industry. It is the home of several small scale and medium scale industries. It also provides good transportation infrastructure for trade and industry.
✅What is the tenure of Personal Loan in Solapur?
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 Solapur?
Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan Solapur:
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 personal loan Solapur processing fee is 1% of the loan amount.
Pre-closure Charges: Whenever you want to close a running loan before its agreed 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 Solapur get rejected due to my CIBIL score?
Since Personal Loan is an unsecured loan, one of the most important 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 skip 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 happen due to a low CIBIL Score.
Other Cities For Personal Loan In Maharashtra
| Personal Loan Wai | Personal Loan Umarkhed |
| Personal Loan Vita | Personal Loan Ulhasnagar |
| Personal Loan Vaijapur | Personal Loan Udgir |
| Personal Loan Uran | Personal Loan Tuljapur |
