Personal Loan In Dwarka | Eligibility, Documents, Interest Rates

Delhi is the national capital territory of our country, and Dwarka is a sub-city located in the southwest district. This place has a neighborhood that works functionally under the Delhi High Court for South West Delhi. The city is situated close to Indira Gandhi International Airport. Dwarka is into cooperative groups of housing societies for residency and is the most in-demand residential area in New Delhi. It has the largest rooftop solar plant in the union territory. In a city like this, people often face a money crunch; It’s best for you, as Dwarka citizens, to apply for a personal loan and save yourself from monetary problems. Here are some information relating to Personal loan. Individuals can know better about the opportunities they withstand following this article.

Also Read: Get Personal Loan In Delhi

Consider Personal Loan in Dwarka – The Best Choice

A personal loan is an unsecured loan and doesn’t need any collateral. Lenders provide personal loans without the borrower’s assets as security.
A personal loan is a multi-purpose loan; Lenders can avail of an instant personal loan for any personal need like buying a two-wheeler, gold or renovating a home. You can avail it for anything you want.
Applicants should apply for a certain amount of a loan only if they can repay the loan amount and interest.
You don’t have to provide a nominee or guarantor.

Personal Loan, Interest Rates in Dwarka, Delhi:-


Bank	Processing fee	Prepayment charges
HDFC Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after three months.
Axis Bank Personal Loan	0.50% to 1.50%	Nil
ICICI Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after nine months.
SBI Personal Loan	500/- to 0.50%	Nil
Kotak Personal Loan	1% to 2%	2.25% of foreclosure amount if closed one month ahead of the tenure.
IIFL Personal Loan	Nil	Nil
Muthoot Personal Loan	Nil	Nil
Manappuram Loan	Nil	Nil
PNB Personal Loan	0.70% to 1%	Nil
Canara Bank Personal Loan	0.01	Nil
Andhra Bank Personal Loan	Nil	Nil

Residents in Dwarka, Delhi, can quickly obtain a personal loan from loan aggregators like Buddy Loan. Buddy Loan aggregators are the most trustworthy platform to avail of a loan. Also, To check credit score, you can check from the Buddy Score website; they provide accurate scores. If the borrower has good credit scores, they can avail of a loan for a low-interest rate.

Major Personal Loan Lending Banks in Dwarka, Delhi:-


Feature	HDFC Bank	ICICI Bank	Bajaj Finance
Interest Rate	10.75% to 17%	11.25% to 18.5%	0.12
Minimum Loan Amount	Metro : 75,000 and Non Metro : 50,000	50,000	1,00,000
Maximum Loan Amount	50 lacs	50 lacs	1 Cr
Loan Tenure	from 1 to 5 years	1 to 5 years	1 to 5 years
Processing Fee	0.25% to 2% of the loan amount	1% to 2.5% of the loan amount	0.5% to 2% of the loan amount
Preclosure charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
overdraft facility	No	No	Yes

Prepayment or Processing Fee While Taking a Personal Loan in Dwarka is:-

Banks, non-banking financial companies (NBFCs) charge a fee to process your loan application. The processing fee ranges from 1.5% to 2.5% of the approved loan amount.

Suppose your wish is to foreclosure your loan before the acknowledged loan tenure. Lending institutions and companies charge you a penalty payment fee due to certain situations. In most cases, you cannot close your loan account before 12 months. Post 12 months, the charges differ depending on the years the loan was approved. Costs vary from 4% of the outstanding loan amount in the second year to 2% in the fourth year of the loan.

However, Buddy Loan aggregators do not charge any processing fee while availing a personal loan from the borrowers. It is a hassle-free procedure.

Documents Required For Personal Loan Dwarka, Delhi

Primary Documents for salaried customers –

Identity proof – Driving license/ Aadhar card
Salary slips of the previous last three years
Bank statement of the previous six months
PAN(Permanent Account Number) card
Residence Proof – Company/Rental/owned provided)
Two Passport-size photographs

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Primary Documents for Self – Employed customers –

PAN (Permanent Account Number) card
Aadhar card
Two passport-sized photographs
Residence proof
Two passport-sized photographs.

Eligibility Criteria For Personal Loan Dwarka, Delhi

Basic Eligibility for salaried individuals –

The minimum age of the applicant is 21 years, and the maximum age is upto 60 years.
The applicants should have three years of work experience. Applicants should receive a salary to their accounts.
Its recommended for applicants to have an excellent credit score and a history
The borrower must provide the office address and location.
The borrower should have a minimum income of Rs 18,000 per month.

Basic Eligibility for self-employed individuals –

The minimum age of the applicant for an independent employee is 25 years.
The applicant must provide ITR (Income Tax Return) files for the previous three years.
If the applicant is a businessman, the person must provide the business details for the previous three years.
The applicant should maintain a good credit score and history. The person must be free of debts and dues.
The applicant’s annual income must be a minimum of Rs 2.5 lakh.
The applicant aspiring to get personal loan must complete the documentation process and submit financial and banking statements for the previous three months.

Dwarka, Delhi EMI Calculator for Personal Loans

EMI’s, i.e., Equated monthly income, is a fixed charge. You should pay a certain monthly amount to the bank for borrowing the loan.

Based on your financial credit history, the interest rate is determined. The amount of interest is charged based on the period and the amount of loan taken.

Here Is The Pre-Calculated EMI Table

Rate	Five years	Four years	three years
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

Also Read: Get Personal Loan With A Bad Credit Score In Lajpat Nagar, Delhi

Conclusion

Including hospitals, schools, malls, markets, and metro stations. The sector is maintained well, including roads, street lights, and parks. People here could easily avail of a personal loan for their needs or any purpose required, which is readily available.

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