Best Banks for Personal Loan in Srinagar
1% - 2.5% of the Loan Amt
Personal Loan in Srinagar Features
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Personal Loan Details
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| Interest Rate |
10.75% to 24% p.a.
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| Processing Fees | 0.5-2.5% |
| Loan Tenure |
1 year to 5 years
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| Pre-closure Charges | 2% - 5% |
| Guarantor Requirement |
No guarantor required
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Do you need money for the purchase of Gold jewellery for Loved ones? Do you need money for the renovation or painting of the house? Here is the solution, you can avail of the personal loan. This Personal loan Srinagar is an instant loan that can be provided without any collateral pledge and for your uncertain needs
This loan provides flexibility in the use of funds as per your needs and necessities. The loan is provided to those individuals who are having good CIBIL scores or reputed credit history.
Personal Loan Srinagar is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan Srinagar, the applicant needs to have a Valid and good source of income and has a good credit history.
Furthermore, there is no end-use restriction or any strict restriction on the use of the personal loan amount. You can use this Personal loan Srinagar amount wherever you want to spend
Personal Loan in Srinagar Interest Rates – Jan 07 2025
The interest rates in a Personal Loan depends on the company’s profile and the salary of a person. The interest rate of personal Loan starts @10.75% per annum.
| Name of the Bank | Interest Rate Range | Processing Fee Range | Loan Amount | Tenure |
| Private Bank | 11.59% - 18.49% (Fixed) | 2.25% (min. Rs.1149) One time fee | Rs.20 lakh (Max) | 1-5 Years |
| CitiBank | 10.99% - 15.99% (Fixed) | 1% to 2.5% | Rs.30 lakh (Max) | 1-5 Years |
| Kotak Mahindra Bank | 10.99% to 24% p.a. | Up to 2.5% of the loan amount along with GST or service tax | Rs.50,000 to Rs.15 lakh | 1 to 5 Years |
| Fullerton India | 11.99% to 23.99 p.a. | Information not provided. | Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals | 1 to 4 Years |
| Bank of Baroda | 11.35% - 14.35%Fixed | Rs.1,000 to Rs.10,000 (One time fee) | Rs.20,000 - Rs.2 lakh | 4 Years (Max) |
| State Bank of India | 12.90% - 14.90% (Fixed) | 1% (One time fee) | Rs.24,000 - 15 lakh | 5 Years |
| Aditya Birla | 11.5% - 13.25% (Fixed) | Nil | Rs.30 lakh (Max) | 1-5 Years |
| Allahabad Bank | Information not provided | 1.06% of loan amount | Information not provided. | 1 to 5 Years |
| Yes Bank | 14% p.a. | Up to 2% (One-time fee) | Rs.2 lakh to Rs.20 lakh | 1 to 5 Years |
| Corporation Bank | 12.75% to 13.75% p.a. | Up to 1.5% Minimum amount of Rs.500 | Up to Rs.3.50 lakh | Up to 5 Years |
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Srinagar Fees & Charges – Jan 07 2025
| Bank | Processing Fee |
Prepayment Charges
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| HDFC Bank Personal Loan | 0.25% to 1.50% |
2%, Nil foreclosure charges after 3 months
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| 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
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| 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.
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| 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 Required for Personal Loan in Srinagar
List of Documents Required for Salaried Applicants
Salaried individuals must submit the following documents in addition to a completed personal loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhar Card Driving License |
| Address Proof (Any one) |
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card |
| Income Proof |
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit) |
| Tax Paid (Any one |
IT returns (for 2 years)
Form 16 |
| Residence Ownership Proof (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Job Continuity (Any one) |
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate) |
| Proof of Investment (if any) |
Fixed assets, fixed deposit, shares, etc.
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| Existing Loans (if any) |
Payment Track Record & Sanction letter
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| Photograph |
One coloured passport size photograph
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List of Documents Required for Self-employed Applicants
Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:
| Photo Identity Proof (Any one) | Passport PAN Card Voter’s ID Aadhaar Card Driving License |
| Address Proof (Any one) |
Passport
Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card |
| Proof of Residence Ownership (Any one) |
Property documents
Maintenance bill Electricity bill |
| Proof of Office Address and Ownership (Any one) |
Maintenance bill
Property documents Electricity bill |
| Proof of Business Existence (Any one) |
Copy of GST registration
Company registration license Shop establishment proof |
| Income Proof |
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable |
| Bank statement |
Savings/current account bank statement/ bank passbook for the past one year
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| Proof of Investment (in case any) |
Investments such as fixed deposit, fixed assets, shares, etc.
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| Existing Loans (in case any) |
Payment Track Record and sanction letter
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| Professional Degree Certificate |
In case of professionals
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| Photograph |
One coloured passport size photograph
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List of Documents Required for NRI Applicants
When applying for a personal loan, NRI candidates are typically required to submit the following documents:
| Identity Proof | Copy of the passport Copy of the visa |
| Employment Proof | Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID |
| Income Proof | Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate |
| Photograph | Passport size photographs |
List of Documents Required for Pensioners
When applying for a personal loan, a pensioner must submit the following documents:
| Identity/Age Proof (Any one) |
Ration card
Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate |
| Address Proof (Any one) | Passport Aadhaar card Utility bills Ration card Driving licence |
| Income Proof (Any one) |
Last 6 months’ bank statements/salary slips
Bank passbook Form 16 Copy of pension payment order Income tax returns |
| Photographs |
Passport size photographs
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Know More About: Personal Loan Eligibility Criteria
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan in Srinagar Eligibility Criteria
The Personal Loan Eligibility criteria for both Salaried individuals and Self-Employed individuals are different:
| Particulars | Salaried | Self-Employed |
| Age | 21 - 60 years | 21 - 65 years |
| Minimum Income | Rs.15,000* | Rs.5 Lakh p.a. |
| Co-applicant | Not mandatory | Not mandatory |
| Loan Tenure | 12 – 60 months | 12 – 60 months |
| Maximum Loan Amount | Rs.40 Lakh | Rs.40 Lakh |
| Employment Type | Employees of private limited companies and public sector undertakings |
Self-employed individuals
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| Employment/Business Continuity | At least 2 years; minimum 1 year with current employer |
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect. |
| CIBIL Score | 750 and above | 750 and above |
| Residential Status |
Resident Indian staying in own house or a rented house
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*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000
Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant
*Note: The eligibility criteria vary from lender to lender.
Check Personal Loan Eligibility with Top Lenders in 2021
| Bank | Age Limit | Minimum Work Experience |
Minimum Income (Per Month)
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| SBI | Up to 76 years | NA** | Rs.15,000 |
| HDFC | 21 to 60 years | 2 years | Rs. 20,000 |
| Private | 23 to 58 years | 2 to 5 years | Rs.17,500 |
| Axis | 21 to 60 years | NA** | Rs.15,000 |
| Kotak Mahindra | 22 to 55 years | 1 year | Rs.25,000 |
| Tata Capital | 21 to 58 years | 1 year | Rs.15,000 |
| IndusInd | 21 to 60 years | 2 to 5 years | Rs.25,000 |
| Ujjivan Small Finance | 22 to 58 years | NA** |
Above the minimum wage limit
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| India Infoline Finance Limited | 25 to 60 years | 6 months to 2 years | Rs.35,000 |
| HDBFS | 21 to 65 years | 1 year to 3 years |
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed |
| Indian Overseas Bank | Up to 58 years | NA* | Rs.5,000 |
| IDFC First Bank | 23 to 68 years | 3 years | NA* |
| Federal Bank | 21 - 55 Years | 3 years | Rs.25,000 |
| Punjab National Bank | 21 – 58 years | 2 years for doctors | Rs.15,000 |
| Andhra Bank | 21 - 55 years | NA** | NA* |
| Canara Bank | NA** | NA** |
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh |
| IDBI Bank | Up to 75 years for Pensioners | NA** | Rs.1.5 lakh p.a. |
| Fullerton India | 21 to 55 years | 1 to 2 years | Rs.15,000 |
| RBL Bank | 25 to 60 years | 1 to 3 years | Rs.25,000 |
| Bank of Baroda | 21 to 60 years | 1 year to 2 years |
60% of gross monthly income
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| Deutsche Bank | 25 to 60 years | NA** | Rs.25,000 |
| Karnataka Bank | NA** | 3 years | NA* |
| United Bank of India | up to 75 Years | 2 years | NA* |
| UCO Bank | 21 to 65 years | 1 year to 5 years | Rs.20,000 |
*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions
Learn More about Personal Loan: Click Here
PERSONAL LOAN
Interest Rate 9.99%
Salaried Applicants:
- The minimum age requirements of the individual should be 21 years and a maximum of up to 60 years.
- The applicants must have work experience of three or five years.
- The applicants must have a valid 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 or read more about- Personal Loan Salaried Applicant
Self-Employed Applicants:
- The minimum age requirement for an independent person should be 25 years.
- The applicants applying for the personal loan Srinagar should file ITR for the last few years.
- If the applicants are the businessman, then the business should be smoothly running from the past three years.
- The credit score of the individual applicants should be eligible.
- The annual income of the applicants should be a minimum of Rs 2.5 lakh.
- The whole documentation process of the personal loan Srinagar is the applicants have to submit his financial and his bank statement of the previous three months.
Click here to –Personal loan Self-employed Applicant
PERSONAL LOAN
Interest Rate 9.99%
Why Apply for a Personal Loan in Srinagar?
- No need to deposit any collateral to the bank.
- A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
- The amount of a personal loan depends on the individual’s income.
- A Personal Loan does not need any guarantor or nominee.
How to apply for a Personal Loan in Srinagar?
- Visit Dialabank.
- Then click the loan section and click on the personal loan link.
- The applicant will be presented with all details of the personal loan Srinagar where you can choose their preferred city.
- For more details, information, and free guidance, you may call on 9878981166.
PERSONAL LOAN
Interest Rate 9.99%
Processing Fee / Prepayment Charges on Personal Loan in Srinagar
Every Bank and NBFC charges a fee for processing your Personal Loan Srinagar application. These charges are 1% of the sanctioned loan amount.
In case 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 or stop your loan before 12 months. Post that the charges vary depending on how many years the Personal loan Srinagar has done. These charges vary from 4 per cent of the outstanding loan amount in the 2nd year to 2 per cent in the 4th year of the Personal loan.
Personal Loan EMI Calculator Srinagar
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 Personal loan in Srinagar is determined. Your EMI is calculated basis the Interest Rate you are charged by the bank and the amount of Personal loan Srinagar you have to take and the period for which you enjoy the Personal loan. The Personal Loan EMI Calculator is as follows:
CIBIL Score required for Personal Loan Srinagar
Every lending institution has its own criteria for the minimum CIBIL score required for processing a Personal Loan application in Srinagar. Most institutions require a minimum score of 750 to process your Personal loan Srinagar 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 Personal loan taken and the amount borrowed from the bank. Any delayed payments for previous Personal loans can act as a barrier to your availing of a fresh loan.
PERSONAL LOAN
Interest Rate 9.99%
Personal Loan Srinagar Agents/Broker
Dialabank is the leading agent for availing of Personal Loan Srinagar. You can apply online or give a call at 9878981166
Dialabank helps you to find the best option of Banks and NBFCs by providing you with a best-detailed market comparison of different banks providing personal loans so that you can make the right choice. Visit the website www.dialabank.com and submit a simple form with your personal and employment details. Our customer relationship managers will soon call you.
Personal Loan Srinagar Contact Number
Call 9878981166 and get instant help and approval for Personal Loan Srinagar.
Pre Calculated EMI Table for Personal Loan Srinagar
About Srinagar
Srinagar is the largest city and the summer capital of the Indian union territory of Jammu and Kashmir. It lies in the Kashmir Valley on the banks of the Jhelum River, a tributary of the Indus, and Dal and Anchar lakes. The city is known for its natural environment, gardens, waterfronts, and houseboats.
Other Personal Loan Cities in Jammu & Kashmir
| Personal Loan Adityapur | Personal Loan Bokaro |
| Personal Loan Chaibasa | Personal Loan Chakradharpur |
| Personal Loan Anandpur | Personal Loan Anasarapur |
| Personal Loan Bagdehi | Personal Loan Balangir |
FAQs About Personal Loan Srinagar
✅ Who can apply for a Personal Loan in Srinagar?
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 Srinagar.
✅ What is the tenure of a Personal Loan in Srinagar?
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 that 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 Srinagar?
Yes, there are 2 types of charges that one needs to pay in order to avail of a personal loan in Srinagar:
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 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 been completed before you decide to pre-close it.
✅ Can my application for Personal Loan Srinagar get rejected due to my CIBIL score?
Since a 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.
