Prathama Bank Personal Loan Key Features Dec 23 2024
| Features | Details |
| Age | 21 to 58 yrs(at loan maturity) |
| CIBIL | 750 |
| Prathama Bank Personal Loan Interest Rate | 9.99% per annum |
| Lowest EMI per lakh | N/A |
| Tenure | 12 to 60 Months |
| Prathama Bank Personal Loan Processing Fee | 1% to 2% |
| Prepayment Charges | Decided by bank |
| Part Payment Charges | Decided by bank |
| Minimum Loan Amount | Rs. 5,000 |
| Maximum Loan Amount | Up to Rs. 10 Lakh |
Prathama Bank Personal Loan Eligibility Criteria
Click here to know more about personal loan eligibility
| CIBIL score | 750 or above |
| Age | 21 to 58 yrs |
| Min Income | Rs. 15,000 to Rs 25,000 |
| Occupation | Salaried/Self-Employed/Pensioner |
Prathama Bank Personal Loan Interest Rate and Charges
To know about the interest rate click on the personal loan interest rate
| Prathama Bank personal loan Interest Rate | 9.99% per annum |
| Prathama Bank Personal Loan Processing Charges | 1% to 2% |
| Prepayment Charges | NIL |
| Stamp Duty | NIL |
| Cheque Bounce Charges | As per Bank |
| Penal Interest | As per Bank |
| Floating Rate of Interest | NIL |
Prathama Bank Personal Loan Documents Required
| Form | Duly filled and signed application form |
| Proof of Identity | Copy of: > Passport > Driving License > Aadhaar Card > Voter ID Card |
| Proof of Address | Rent Agreement (Min. 1 year of stay) Utility Bills Proof of permanent residence Ration card, Bank Account Statement, Latest Credit Card Statement |
| Proof of Income | ITR: Last two financial years( For self-employed)
> Salary Slip: Last 6 months (Salaried Employee) > Bank Statement: Last 3 months |
Prathama Bank Personal Loan EMI Calculator
EMI Calculator for a personal loan.
Prathama Bank Personal Loan Compared to Other Banks
| Particulars | Prathama Bank | HDFC Bank | Bajaj Finserv | Axis Bank | Citibank | Prathama Bank Bank |
| Interest Rate | 9.99% | 11.25% to 21.50% | Starting from 12.99% | 15.75% to 24% | Starting from 10.99% | 11.50% to 19.25% |
| Tenure | 12 to 60 Months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months | 12 to 60 months |
| Loan amount | Up to Rs. 10 lakh | Up to Rs. 40 lakh | Up to Rs. 25 lakh | Rs. 50,000 to Rs. 15 lakh | Up to Rs. 30 lakh | Up to Rs. 20 lakh |
| Processing Fee | N/A | Up to 2.50% of the loan amount | Up to 3.99% of the loan amount | Up to 2% of the loan amount | Up to 3% of the loan amount | Up to 2.25% of the loan amount |
Other Loan Products from Prathama Bank
| Gold Loan | Car Loan | Home Loan | Business Loan |
| TWL | LAP | Credit Card | Education Loan |
Why should you apply for Prathama Bank Personal Loan with Dialabank?
- Dialabank is the leading helpline in the country.
- Less Documentation is required for processing
- Fast Approval is our priority.
You can call at 9878981166 for any query.
How to Calculate EMIs for Prathama Bank Personal Loan?
There is a requirement of the following information to calculate Prathama Bank Personal Loan:
EMI:
- Loan of the Amount
- Interest Rate of the loan
- Tenure of the loan
Substitute the values in the calculator below and find your monthly EMIs
Prathama Bank Processing Time for Personal Loan
- Fast processing
- It needs less paperwork
- A processing fee may vary and can be asked by the bank
Prathama Bank Personal Loan Preclosure charges
Is your fund ready? Then you can apply for Preclosure. For more details make a call or visit the branch.
Prathama Bank Personal Loan Overdraft Facility
An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is perhaps the most favoured credit choices that benefitted to meet changing individual supporting necessities unbounded.
Apply for an overdraft office as a Prathama Bank lone unforeseen development. The adaptable improvement office has all the tremendous highlights of a slight overdraft credit.
Different Personal Loan offers by Prathama Bank
Home Loan
Prathama Bank offers personal loans for a home:
- The minimum age is 21 yrs
- Maximum Age should be 60 yrs
- Regular Income applicants are a must for the Home Loan
- Earn more than the required monthly income.
Personal Loan for Government Employees
Prathama Bank offers personal loans to all the Govt. employees. The loan amount depends on the Company in which you are working.
Education Loan
- Prathama Bank offers Education loans to you
- The loan limit should be above Rs 4.00 lac
- The interest rate they are providing is 11% to 13%
Personal Loan for Pensioners
- A processing charge can be asked from the bank.
- Very Affordable Interest Rate
Personal Loan Balance Transfer
- Personal Loan balance transfer means the borrower transfer the sum to other institutions.
- Low-interest rates.
- Long repayment tenure.
Prathama Bank Personal Loan Top Up
Prathama Bank’s personal loan provides a top-up that means an additional amount on the existing loan.
Prathama Bank Personal Loan Status
- Visit the site of this bank.
- Check the eligibility.
- Fill the form with your information.
- Our managers will contact you.
Types of Prathama Bank Personal Loan
Home renovation loan
Prathama Bank offers home redesign credit for people who wish to get their homes revamped. This individual credit can support necessary fixes or help the candidate get new fittings, installations, and furniture for their home. Some vital highlights of Prathama Bank Home Renovation Loan are:
- The financing cost for Prathama Bank’s Home Renovation Loan begins at as low as 11.25%.
- People might be qualified for an advance sum up to Rs. 20 Lakh to get their home remodelled
- Home remodel credit from Prathama Bank requires negligible documentation, making the whole advance cycle bother free.
- The advance sum ordinarily gets credited into the record within 72 hours once the bank favours your application.
Holiday Loan
Prathama Bank’s Holiday Loan can assist you in organizing your fantasy get-away with a minor issue. This individual advance from Prathama Bank can subsidize a scope of excursion related costs, including flight ticket booking, lodging facilities, guided visits, and so forth Key highlights of Prathama Bank’s Holiday Loan are:
- Financing costs for Holiday Loans start at 11.25% p.a.
- You can do without much of a stretch profit a measure of up to Rs 20 Lakh, so your fantasy excursion won’t be spoilt because of a monetary crunch.
- Streamlined and Minimal documentation guarantees that financing your get-away is basic and straightforward.
- Brisk preparing and disbursal of advance which is attributed straightforwardly to your record
Fresher Funding
A dominant part of unstable individual credits is focused on people with customary pay anyway Prathama Bank’s Fresher Funding is extraordinary. This credit alternative from Prathama Bank is intended to help freshers, for example, ongoing alumni looking for their first work. Some vital highlights of Prathama Bank Fresher Funding individual credit are as the following:
- Credit sum up to Rs 1.5 lakh
- The candidate must be at any rate of 21 years of age.
- The pace of interest for Fresher Funding relies upon the profile of the advanced candidate, the financial record/score, age, and area of the candidate.
NRI Personal Loan
Understanding the necessities and dreams of NRIs, Prathama Bank offers an individual advance explicitly for NRIs. The essential advanced candidate should be an Indian inhabitant, and the co-candidate NRI must be a nearby family member. Individual Loan for NRIs incorporates the accompanying highlights.
- Prathama Bank offers NRIs individual advances up to Rs. 10 lakh with adaptable end-use
- The financing costs for NRI Personal Loan start at 15.49% p.a.
- The credit includes a residency of as long as three years.
How to Apply for Prathama Bank Personal Loan?
There is less requirement for paperwork. It helps in saving your time and you get your loan approval faster. Availing a personal loan is very simple; all you have to do is to:
- Visit the website of Dialabank and fill the application form.
- You will get a call from us.
- Our instructors will guide you through the entire process and tell you the details of the loan.
The Personal Loan Verification Process
Coming up next are essential strides of the individual credit check measure after online accommodation of your advance application on Dialabank.
Step1. Dialabank will advance your advance application to your picked bank and generally within 48 hours, and you will get a call from the moneylender’s agent.
Step2. The imminent loan specialist will plan a pickup of your KYC, pay, and so forth reports or give a choice to transfer them on the web. These reports will be utilized to confirm your application.
Step3. When the moneylender’s check is finished, and your advance is endorsed, you will get another call to confirm the credit offer and request your permission for disbursal.
Step4. After credit endorsement and fruitful check, the advance is generally dispensed within 48 hours.
Note: The above-mentioned turnaround time for personal loan verification/disbursal may vary based on the lender’s internal demands as well as other criteria.
Check your Prathama Bank Personal Loan Application Status
To check the status of your Prathama Bank Personal Loan, you can:
- Visit the bank branch personally where you had applied for the loan and give the loan officer your loan application details
- Visit the website of Prathama Bank and fill in your loan details.
- Send your loan details to the bank via email.
- Through the I-mobile app of the bank
- These methods enable you to track your loan status easily.
How to Login to the Prathama Bank Portal
- Visit the official website of Prathama Bank.
- On the top right corner of the page click on ‘Login’.
- Log in using your User ID and Password or your recorded mobile number
How to Check Your Loan Statement
Clients can download the bank’s very own credit proclamation by following the means given beneath:
- Visit the official site of the bank.
- Click on ‘Connect’ and select ‘Administration Requests’ starting from the drop list.
- On the following page that opens, under the ‘Advances’ menu, select ‘Individual Loan Related’.
- Next, click on ‘Solicitation for Statement of Loan Account’.
- Login utilizing your User ID and the secret word or utilizing your enlisted versatile number and OTP to benefit the bank’s very own credit explanation.
Prathama Bank Personal Loan Restructuring (COVID-19)
The cross country lockdown because of the COVID-19 pandemic has affected numerous borrowers antagonistically and to moderate its effect to a specific degree, a multi-month ban on different term advances was declared. After the fruition of the half-year ban, Prathama Bank had reported the RBI-commanded one-time advantage of Prathama Bank’s individual credit rebuilding. This instrument is intended to give proceeded with alleviation to those borrowers who are as yet unfit to begin reimbursement of their normal EMI due to ongoing money related difficulty coming about because of the pandemic.
The credit goal system presented by Prathama Bank offers an extra ban of as long as two years or an augmentation on the current reimbursement time frame to diminish the month to month EMI instalments. It is imperative to shoulder as a main priority that rebuilding your Prathama Bank individual credit will bring about extra premium charges well beyond those of the first advance. Consequently, this alleviation instrument should just be utilized if all else fails with the goal that you don’t wind up defaulting on your great credit.
Prathama Bank Customer Care
Customers can contact the Prathama Bank customer care via any of the following means:
- By Phone: You can call Prathama Bank on 18001807777(toll-free)
- Callback Request: You can also request a call back by visiting the bank’s website
- Online Chatbot: You can also get your queries answered by the iPal chatbot online
- Branch Visit: You can visit the nearby Prathama Bank branch to get your queries.
Benefits of Applying for Personal Loan on Dialabank
There are different points of interest in applying for a personal advance on the Dialabank site. Some of them are given beneath:
- 24 x 7 Accessibility: You can get to the Dialabank site whenever and anyplace and in this manner, apply for an individual advance whenever from the solace of your home or office.
- Different moneylenders on a solitary stage: Dialabank empowers you to get to individual credit offers from various planned loan specialists on a solitary stage and accordingly kills the need to visit numerous bank sites or branches.
- Know EMI in a split second: With the individual advance EMI calculator, you can check the EMIs you would be paying on an individual credit even before you apply for one. It will assist you with acquiring the suitable sum that you can without much of a stretch reimburse and have a helpful reimbursement plan.
- Liberated from cost: Additionally, you are not needed to pay any charges when you apply for an individual advance on Dialabank.
Important Aspects
Given underneath are some significant angles that you should consider while applying for an individual credit with Prathama Bank:
- While applying for a personal advance, it is in every case great to check your financial assessment. A decent credit assessment builds the odds of endorsement of your credit and can empower you to benefit an individual advance on more great terms.
- Before settling upon a specific bank, it is prudent to think about the expense of an individual credit (premium expense and all the reasonable expenses and charges) offered by different moneylenders on Dialabank.
- Acquire as per your need and reimbursement capacity. Try not to acquire just because you are qualified to get a higher sum. It will just add to your advantage cost and not have many advantages over the long haul.
- Try not to apply for individual advances with various moneylenders simultaneously. It shows you to be eager for credit and expands the number of challenging requests for your credit report, which may antagonistically influence your Credit rating.
FAQs About Prathama Bank Personal Loan
✅ How to apply for Prathama Bank Personal Loan?
You can apply for a personal loan on the website.
✅ What is the Interest Rate for Prathama Bank Personal Loan?
The Interest Rate for Prathama Bank is 9.99% per annum.
✅ What is the minimum age for getting a Personal Loan from Prathama Bank?
Your minimum age to apply for Prathama Bank Personal Loan is 21 years.
✅ What is the maximum age for getting a Personal Loan from Prathama Bank?
The maximum age you need for applying for Prathama Bank Personal Loan is 60 years
✅ What is the minimum loan amount for Prathama Bank Personal Loan?
The minimum loan amount for Prathama Bank Personal Loan is Rs. 5,000.
✅ What is the maximum loan amount for Prathama Bank Personal Loan?
The maximum loan amount for Prathama Bank Personal Loan is Rs. 10 lakh, but it may vary.
✅ What are the documents required for Prathama Bank Personal Loan?
You need to show Proof of Identity, Proof of income, and address proof to apply for Prathama Bank Personal Loan.
✅ What is the Processing Fee for Prathama Bank Personal Loan?
The processing fee for Prathama Bank Personal Loan is 1% to 2%.
✅ How to get Prathama Bank Personal Loan for Self Employed?
You must have a good and rigid source of income and your credit history should be good to avoid rejection.
✅ What is the Maximum Loan Tenure for Prathama Bank Personal Loan?
Maximum Loan tenure for Prathama Bank Personal Loan is 60 months
✅ What should be the CIBIL Score for Prathama Bank Personal Loan?
A good CIBIL Score has less chance of rejection. For Prathama Bank Personal Loan you must have a 750 or above CIBIL Score.
✅ Do I have a preapproved offer for Prathama Bank Personal Loan?
Information about the preapproved offer for Prathama Bank Personal Loan can be extracted from the branch itself.
✅ How to calculate EMI for Prathama Bank Personal Loan?
You can calculate your EMI at any EMI calculator just you have to put the loan amount, Interest rate, and Tenure of the loan.
✅ How to pay Prathama Bank Personal Loan EMI?
All the procedures will be explained once you applied for a personal loan and your application will get approved.
✅ How to close Prathama Bank Personal Loan?
If your funds are ready then you can apply for Preclosure or after all the EMI’s are paid your loan will get closed.
✅ How to check Prathama Bank Personal Loan Status?
To know the status of Prathama Bank Personal Loan just call the bank or check on the website i.e provided by the bank.
✅ How to close Prathama Bank Personal Loan Online?
Dialabank is the best option for applying for Prathama Bank Personal Loan with less paperwork and ease or visit the official site of the bank apply for the loan
✅ How to pay Prathama Bank Personal Loan EMI Online?
Through Net banking, you can pay EMI for Prathama Bank Personal Loan.
✅ How to check Personal Loan Balance in Prathama Bank?
You can call the bank customer care or a timely message will be sent on your registered no.
✅ How to download Prathama Bank Personal Loan Statement?
From the official website of the Prathama Bank, you can download the statement.
✅ How to Top Up Personal Loan in Prathama Bank?
You can Top up the Personal Loan in Prathama Bank by filling the simple form or by visiting the nearest branch.
✅ What happens if I don’t pay my Prathama Bank Personal Loan EMIs?
You may face action against you and also your CIBIL score will get affected. So regular is like safety for the future.
✅ What relaxation scheme and moratorium Prathama Bank provides about Personal Loan due to Covid 19?
The credit goal system introduced by Prathama Bank offers an additional ban of up to two years to reduce EMI instalments per month or an increase in the current reimbursement period.
✅ How to find Prathama Bank Personal Loan account number?
After your application gets approved you will be provided with your account number for Prathama Bank Personal Loan.
✅ What is the Prathama Bank personal loan customer care number?
Contact 9878981166 for any queries.
✅ What are the Prathama Bank Personal Loan pre-closure charges?
Then you can apply for Preclosure. For more details make a call or visit to the branch.
✅ What is the Prathama Bank personal loan closure procedure?
- Visit the bank with the complete set of documents (as mentioned above).
- You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
- Pay the pre-closure amount.
- Sign the required documents, if any.
- Take acknowledgement of the balance amount you have paid.
✅ What is the Prathama Bank Personal Loan Overdraft Facility?
An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is perhaps the most favoured credit choices that benefitted to meet changing individual supporting necessities unbounded.
Other Banks For Personal Loan
| Telangana Bank Personal Loan | |
| Telangana Grameena Bank Personal Loan | |
| Suryoday Small Finance Bank Personal Loan | |
| State Bank of Hyderabad Personal Loan |
