Dhanlaxmi Bank personal loan is an ideal option to address your various financial needs With simple and easy documentation and quick approval, Dhanlaxmi bank offers a personal loan of up to Rs. 15 lakh to both salaried professionals and self- employed individuals.
Dhanlaxmi Bank Personal Loan - Features and Benefits
- Loan amount: Dhanlaxmi Bank offers a personal loan of Rs. 1 lakh to Rs. 15 lakh to salaried professionals and personal loan of Rs. 3 Lakh to Rs. 15 lakh to self- employed individual
- Flexible tenure: The flexible repayment options offered by Dhanlaxmi Bank on a personal loan ranges from 12 to 60 months
- Minimum documentation: Dhanlaxmi Bank personal loans are issued with simplified documentation and allow quick approval and instant disbursal of loan amount
- Attractive interest rate: The interest rates offered by Dhanlaxmi bank on a personal loan are reasonable that makes your EMIs reasonable
Dhanlaxmi Bank Personal Loan - Interest Rate
|Interest Rate||Starts from 11.25%|
|Loan processing fee||Upto 2.5% of the loan amount subject to a minimum of Rs .1250/-|
|Prepayment charges (before repayment of 12 EMIs)||2% + ST of the Principal Outstanding|
|Prepayment charges (after repayment of 12 EMIs)||2% + ST of the Principal Outstanding|
|No Due Certificate / No Objection Certificate (NOC)||Rs. 250/-|
|Duplicate no due certificate / NOC||Rs. 250/-|
|Late payment Charges of EMI||@ 36 % p.a p.a on amount outstanding from date of default|
|Stamp duty & other statutory charges||Cheque swapping charges|
|Cheque swapping charges||Rs. 500/- + ST per event|
|Cheque bounce charges||Rs. 500/- +ST per cheque|
|EMI cycle change||Rs. 200/-|
|Loan cancellation charges||Rs. 1000/- +ST|
|Foreclosure statement charges||Rs. 200/- +ST|
|Insurance Fees||Rs. 500/-|
Dhanlaxmi Bank Personal Loan - Eligibility Criteria
|Salaried professional||Self- employed individual|
|Age||Above 23 years||Above 23 years|
|Minimum Income||Rs. 35,000/- per month||Rs. 1,80,000 per annum|
|Profiles covered||Salaried with a central or state government institution or a profit making company or a reputed organization as a permanent employee||1. Self Employed Professionals|
2. Self Employed Non Professional with a profit making Proprietorship Business / Partnership firm/ Private limited company with a positive turnover
|Total work experience||2 years and above||1. For Self Employed Professionals- 3 years & more|
2. Self Employed Non Professional-Total 5 years of experience with 4 years in the current venture
Dhanlaxmi Bank Personal Loan - Documents Required
|Salaried professional||Self- employed individual|
|Identity Proof (Any one)||Copy of Passport, Aadhar Card, Voter ID card, ID cards issued by defense, govt. undertakings, reputed MNC’s or Public ltd companies, Pan Card, Permanent laminated driving license, Defence ID card Bank passbook with attested customer photograph and signature. However, the passbooks issued only by commercial banks will be accepted.||Copy of Passport, Voter’s ID card, Id cards issued by defense, govt. undertakings, reputed MNC’s or Public ltd companies, Photo Pan Card, Permanent laminated driving license (in a booklet form), Photo Ration Card, Photo Debit Card, Credit Cards (The card should be valid with a minimum 3 months of existence)|
|Address Proof (any one)||Copy of Ration Card, Electricity or Telephone Bill (not older than 3 months), Notarized Rental Agreement along with the latest electricity bill issued in the name of landlord, Credit card statements, Valid Indian Passport (the address mentioned in the passport should be same as the given communication address), Life insurance premium receipt (with a minimum 12 month period existence), Voter ID card, Permanent Laminated Driving License, Post-paid gas connection bill||Copy of Ration Card, Electricity or Telephone Bill (not older than 3 months), Notarized Rental Agreement along with the latest electricity bill issued in the name of landlord, Credit card statements, Valid Indian Passport (the address mentioned in the passport should be same as the given communication address), Life insurance premium receipt (with a minimum 12 month period existence), Voter ID card, Permanent Laminated Driving License, Postpaid gas connection bill stating consumption and complete address of the applicant, Bank passbook or latest bank statement with all the transactions and details of the applicant intact, Original Post Paid bill stating the correct address of the applicant, Municipal tax receipts, Property Tax Receipts, Municipality Water Bill receipts.|
|Signature proof (any one)||PAN card, Driver’s license, Banker’s attestation Bank account statements (only commercial banks), and Govt. ID Card issued for government employees||NIL|
|Age Proof (any one)||Class 10th certificate, PAN card, Birth certificate, School leaving certificate, College certificate, LIC Policy, Passport, Driving license||NIL|
|Continuity proof (any one)||Form 16, Appointment letter, letter from HR authorized signatory||NIL|
|Income proof (any one)||Last 3 months pay slip along with last 6 months bank account statement (where the salary is credited)||NIL|
|Legal existence and Registered Office address proof (any one)||NIL||VAT service tax registration certificate, latest bank account statement in the name of entity with full address, sales tax registration certificate, Factory registration certificate, SSI registration certificate|
|Operating address proof||NIL||Lease and license agreement in the name of the entity if the entity is operating its business., Latest Bank account statement in the name of the applying entity, bearing the address of the entity in the same format as given in the application form along with the Banker’s verification of the authorized signatory of the entity in question. Telephone bill or electricity bill in the name of the entity, IT Assessment Order, PAN intimation order, Acknowledged ITR of the entity.|
Dhanlaxmi Bank Personal Loan - EMI Calculator
Paisabazaar offers personal loan EMI calculator that is an online tool. The tool is designed to give you the right idea about how much your future EMIs are going to cost if you opt for a personal loan. The EMI calculator is easy to use and asks you to select the desired:
- Loan amount
- Interest rate
As soon as you scroll the bar to desired numbers, your EMIs will get reflected on the screen.
Dhanlaxmi Bank Personal Loan VS Personal Loan Offers from Other Lenders
|Particulars||Dhanlaxmi Bank||Axis Bank||HDFC Bank||Citi Bank||ICICI Bank||Bajaj Finserv|
|Interest Rate||Starting from 11.25%||15.75% to 24%||11.25% to 21.50%||Starting from 10.99%||11.50% to 19.25%||Starting from 12.99%|
|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||Rs. 1 lakh to Rs. 15 lakh||Rs. 50,000 to Rs. 15 lakh||Upto Rs. 40 lakh||Upto Rs. 30 lakh||Upto Rs. 20 lakh||Upto Rs. 25 lakh|
|Processing Fee||Up to 2.5% of the loan amount subject to a minimum of Rs. 1250/-||Up to 2% of loan amount plus GST||Up to 2.50% of the loan amount||Up to 3% of the loan amount||Up to 2.25% of loan amount plus GST||Up to 3.99% of the loan amount|
Dhanlaxmi Bank Personal Loan - Customer Care
Ques: Do I have to pay a processing fee to for initiating Dhanlaxmi Bank personal loan?
Ans: Yes, a processing fee of upto 2.5% of the loan amount subject to a minimum of Rs. 1250/- is charged for processing the personal loan application.
Ques: I am working as a teacher in a government school. Can I avail Dhanlaxmi Bank personal loan?
Ans: Yes, you can avail Dhanlaxmi Bank personal loan if you meet the eligibility criteria.
Ques: How do I calculate the EMI for Dhanlaxmi Bank personal loan?
Ans: You can calculate the EMI for Dhanlaxmi Bank personal loan at Paisabazaar by clicking here.
Ques: How do I get in touch with Paisabazaar if I have a query?
Ans: You can call the customer care of Paisabazaar at 1800 208 8877. You can also send an email at email@example.com.
Ques: How will I know if I am eligible for Dhanlaxmi Bank personal loan?
Ans: You can check your personal loan eligibility at personal loan eligibility calculator available at Paisabazaar.