How Can I Get Personal Loan In Dwarka?

Personal Loan In Dwarka

Personal Loan In Dwarka

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: Getting A Personal Loan In Delhi To Meet Your Medical Expenses Was Simpler.

Why should you choose a personal loan as the best option in Dwarka?

  • 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

Need a Loan

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.

Personal loan EMI(Equated monthly income) calculator in Dwarka, Delhi:-

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,

The bottom line is:-

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.