Personal loans are helpful in meeting the contingencies. It could be to build a house, buy a car or for the children education. These are not collateralized advances made available to the borrowers at higher rates for personal use. Lenders do not prefer to give the loans to the corporate; they have to check the history of credit of the borrower. The Indiabulls Dhani personal loans are here, to help you in your every need.
How does Indiabulls Personal loan works?
Firstly we have to apply for the loan amount, and when we apply, the lender or the bank check our loan amount and approves it only after checking our past payment records, credit score, and other details.
After that, if the bank finds our profile useful, then they approve the loan, and they can receive the amount directly into the bank account.
Further, it is necessary that the whole amount is repaid to the bank in the form of installments. Otherwise, it would affect our CIBIL score, which can cause us a problem in the future.
The credit score determines the interest rate on the personal loan, so better the credit score, lesser will be the rate of Interest.
Documents required for Personal Loan
Identity Proof: For this, you need an Aadhar card/ Voter Id Card/ Passport /Driving License.
Address Proof: Ration Card/ Passport/ Rental agreement/ Electricity Bill.
Latest Form 16
Recent Salary Slip
Bank passbook: of last six months or last three months bank statement.
Eligibility for Indiabulls Personal Loan:
Applicant should be a citizen of India.
Further the age should be between 23-58 years.
The person should be salaried in a government, public, or private company.
The minimum amount of salary should be Rs 15,000.
Reasons for taking Personal Loan
Process of Indiabulls App
For receiving the Personal Loan amount in just three simple clicks, you need to download the Indiabulls Dhani app from play store in your mobile phones and then follow these simple steps:
Firstly, enter the loan amount that you want.
Secondly, enter your Address Proof and Pan Card
Lastly, get the loan amount in your bank account instantly.
Interest Rate and Other Charges
The Interest Rate starts from 11.99% onwards.
Then, the Processing Fees in 5%
The loan foreclosure charge is 5%
The bouncing cost is Rs. 400 per bounce and Rs. 750 for self-employed.
After that, the Late Payment penalty is 3% per month.
Features of Indiabulls Dhani app:
Best Interest Rates: The rate of Interest provided by the Indiabulls Personal Loan is very approachable as it stats from 11.99%
Less Documentation: Get your loan instantly just by uploading your pan card and address proof.
Money in your account immediately: The loan amount starting from Rs. 1000 to 15 Lakhs, gets disbursed in your bank account directly in just three simple steps.
Zero re-payment charges: There are no re-payment charges up to the amount of Rs. 20,000.
Indiabulls Dhani, is the first kind of application by Indiabulls Customer Finance, is designed t make the personal financing needs more accessible than it was before. The experience of getting a personal loan online is very much comfortable. The main benefit of Indiabulls Personal Loan is that you need not visit any office, all you need is an internet connection and all your documents. Everything in it happens online only.
If you still have any query, then our customer executive is always happy to help you.