Personal Loan Interest Rates of Top Banks/NBFCs in Dhanbad
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.50% onwards | Apply Now |
| SBI | 11.00%-15.00% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.49% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Note: Interest rates as of 31st March 2023
EMI Calculator
EMI Calculator
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%
Year(s)
EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Features of Personal Loans
Personal loans are unsecured in nature and come with multiple benefits such as minimal documentation, flexible tenure and end use without restrictions. Some key features of personal loans include:
- Personal loan interest rates start generally 10.49% p.a. onwards
- Personal loan amount is offered up to Rs 40 lakh
- Some banks/NBFCs offer instant personal loan without income proof to select pre-approved customers
- The repayment tenure of the loan is 5 years and can go up to 7 years for some banks/NBFCs
- Loan proceeds can be used for any financing purposes such as marriage, medical treatment, travel, house renovation, etc.
- Applicants having good credit profiles get pre-approved for personal loan
- No collateral security is required
- Processing fees usually goes up to 4% of the loan amount
Eligibility for Personal Loan in Dhanbad
Common personal loan eligibility criteria that banks/NBFCs may consider before accepting personal loan application in Dhanbad are as follows:
- Age: minimum age is 21 years & maximum age is the age of retirement
- The loan applicant should be an Indian resident
- Having credit scores of 750 and above increases the chances of availing personal loan
- Job Profile: Salaried doctors, self-employed professionals and self-employed non-professionals, employees of state/central/local government, employees of public and private sector companies, reputed institutes, etc
- The minimum income requirement of personal loan for salaried employees is Rs 15,000 p.m. However, some banks/NBFCs set higher minimum income criteria for availing a personal loan.
Documents Required for Personal Loan in Dhanbad
Below mentioned are the list of personal loan documents required by banks or NBFCs, based on applicants’ profiles:
- Duly filled application form with photograph attached
- Identity Proof- PAN Card/ Driving License/ Voter ID/ Aadhaar Card/ Passport
- Address Proof- Aadhar Card/copy of ration card / Driving License/ Passport/electricity bills/ Voter ID/gas connection bills
- Age Proof- Aadhar Card/SSC Certificate/ Birth Certificate/ Voter ID/ PAN Card
- ITR/Form 16 for past 3 years
- Last 3 months’ salary slips
- Last 6 months’ bank account statement