Vidharbha Konkan Gramin Bank Personal Loan Approval Process

About Vidharbha Konkan Gramin Bank Personal Loan Approval Process

In an emergency, a Personal Loan from Vidharbha Konkan Gramin Bank could help you fulfil your various financial needs. It’s called an unsecured loan, and it can be used for a variety of reasons, including budgeting, paying medical bills, realising dreams, and remodelling homes.

We should not be hesitant to seek a personal loan if we require one. Dialabank.com’s knowledgeable staff is always ready to assist you in locating the greatest pricing in the least amount of time. Time is of the essence, and cash resources are limited. As a result, you can rely on us to maintain our word and aid you with any loan, including personal loans, without delay.

Low-interest pre-approved personal loans are normally available to customers who already have a bank account and have a good credit history.
You can also submit your eligibility and supporting documents electronically through their online application/portal.
You may check the status of your Vidharbha Konkan Gramin Bank personal loan application in real-time by visiting the bank’s website, calling them, or calling our customer service helpline.
The Vidharbha Konkan Gramin Bank Personal Loan Approval Process is well-known, and it offers outstanding discounts and bargains to people from all walks of life and occupations. Vidharbha offers personal loans.

Vidharbha Konkan Gramin Bank Personal Loan Eligibility

Are you unsure if you qualify for a personal loan? There’s no need to seek further because we’ve compiled a list of the requirements for obtaining a personal loan:-

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
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

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

*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)
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
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
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

Documents Required for Vidharbha Konkan Gramin Bank Personal Loan Approval Process

Certain documents are always required to be supplied as verification for every financial service that you use. In the case of a personal loan, they are as follows:

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.
Existing Loans (if any)	Payment Track Record & Sanction letter
Photograph	One coloured passport size photograph

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
Proof of Investment (in case any)	Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)	Payment Track Record and sanction letter
Professional Degree Certificate	In case of professionals
Photograph	One coloured passport size photograph

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

Know More About: Personal Loan Eligibility Criteria

Vidharbha Konkan Gramin Bank Personal Loan Approval Process

What is the approval process for getting a personal loan at the Vidharbha Konkan Gramin Bank?

Step 1: Determine your requirement
Determine why you require a Personal Loan and the amount of money you will require.

Step 2: Check loan eligibility
Once you’ve determined how much money you’ll need, make sure you meet all of the criteria for the Vidharbha Konkan Gramin Bank Personal Loan Approval Process that we’ve provided above.

Step 3: Calculate monthly instalments
To figure out how much you’ll have to pay each month on your loan, use an online EMI calculator. This EMI calculator comes highly recommended because it can rapidly supply you with information such as your personal loan’s total interest owed.

Step 4: Approach the bank
You can apply for a personal loan from Vidharbha Konkan Gramin Bank in a number of ways, including online banking, the bank’s website, an ATM, or a branch, or by phoning us at 9878981144, and we’ll walk you through the process.

Step 5: Submit documents
After you’ve submitted the required paperwork, you’ll need to wait for funds to be deposited into your account. Customers receive monies from the Vidharbha Konkan Gramin Bank as quickly as possible for pre-approved loans.

*Personal loan disbursement is at the sole discretion of the bank and is subject to the bank’s terms and conditions.

Learn More about Personal Loan: Click Here

Steps to Apply for Vidharbha Konkan Gramin Bank Personal Loan Approval Process

Vidharbha Konkan Gramin Bank offers personal loans that can be applied for online or in-person at a branch. We’ll walk you through the entire process, both online and offline. If you want to apply, you must first go through the following steps: –

Visit the Vidharbha Konkan Gramin Bank’s website or call the bank’s local location for more information.
Submit the form after filling out the personal, professional, and financial information needed by the bank.
When you complete the online form, the bank will verify your eligibility and inform you of the amount you are qualified for.
Once you’ve decided to finish the application, you’ll need to submit the necessary documents, which you may do online.
Finally, the Vidharbha Konkan Gramin Bank Loan Approval Process will review your paperwork, and if the loan is approved, monies will be instantly deposited to your Vidharbha Konkan Gramin Bank account.

If you want to get straight to the branch, you must complete the steps outlined below:-

Fill out the application form with the relevant personal information, professional information, and contact information at the right bank branch. In the Vidharbha Konkan Gramin Bank Personal Loan Approval Process, this criterion would be prioritised.
During the Vidharbha Konkan Gramin Bank Personal Loan Approval Process, their representative will explain the loan’s eligibility, as well as the loan rates, terms, processing fees, prepayment, and foreclosure restrictions.
You will be given an application reference number after submitting the application form and supporting documents. You can check the progress of your Vidharbha Konkan Gramin Bank Personal Loan application by dialling this number.
Following the loan is approved and the agreement is signed after successful verification, the loan can be disbursed.

All this can be a little tricky if you’re doing it for the first time, so to avoid having doubts at each step you should directly reach out to us at 9878981144 or send a mail to us at booking@dialabank.com

Vidharbha Konkan Gramin Bank Personal Loan Approval Process FAQs

✅ How does a personal loan work?

When you submit a personal loan application to a lender, the lender reviews it and decides whether or not to approve it based on the institution’s guidelines. The loan amount is then immediately put into your bank account. As part of your loan repayment, you will be expected to pay the EMIs on a monthly basis.

✅ What is the maximum amount of loan I can get if I clear the Vidharbha Konkan Gramin Bank Personal Loan Approval Process?

Your salary is the sole determinant of the amount of money you can borrow. In India, there are lenders prepared to lend up to Rs.50 lakhs.

✅ What credit rating should be required to get a personal loan?

For personal loan approval, a CIBIL score of 700 or better is preferred. A credit score of 800 or higher, on the other hand, will put you in good standing with lenders. It might also help you get better loan interest rates and payback terms.