Dakskin Bihar Gramin Bank Personal Loan Features
|Dakskin Bihar Gramin Bank Personal Loan Eligibility Criteria||Details|
|Dakskin Bihar Gramin Bank Personal Loan Interest Rate||9.75% p.a.|
|Dakskin Bihar Gramin Bank Personal Loan Lowest EMI per lakh||Rs 2112|
|Dakskin Bihar Gramin Bank Personal Loan Tenure||12 to 60 months|
|Dakskin Bihar Gramin Bank Personal Loan Processing Fee||1% to 2% of Loan Amount|
|Dakskin Bihar Gramin Bank Personal Loan Prepayment Charges||Allowed after 12 Months (2 – 4 %)|
|Dakskin Bihar Gramin Bank Personal Loan Part Payment Charges||Allowed after 12 Months (2 – 4 %)|
|Dakskin Bihar Gramin Bank Personal Loan Min Loan Amt||₹ 50,000|
|Dakskin Bihar Gramin Bank Personal Loan Max Loan Amt||₹ 75 Lakh|
About Dakskin Bihar Gramin Bank Personal Loan
Dakshin Bihar Gramin Bank was incorporated on 1 January 2019. It is a regional rural bank in the Bihar state, India. The bank is amalgamated with two regional rural banks, namely Madhya Bihar Gramin Bank and Bihar Gramin Bank. The Bank is operating its function in 20 districts of Bihar.
What is Personal Loan?
A Personal loan is unsecured finance, that means it does not require any security. You do not need to deposit any mortgage or security. You can get a loan based on your eligibility like monthly income, CIBIL score, employment profile, bank statements etc. You can use these funds for any purposes.
Dakskin Bihar Gramin Bank Personal Loan Interest Rate
Dakskin Bihar Gramin Bank interest rates start from 9.75% and can be up to 17.50% p.a.
More About: Interest Rates on Personal Loan
Why should one take Dakskin Bihar Gramin Bank?
- First of all, they charge very less processing fees.
- Secondly, they require less or minimal documents.
- Next, the process of approval is quick and hassle-free.
- And, there is no cosigner required.
- Also, it provides an affordable rate of interest.
- The loan given by them is Collateral free.
Documents required for Dakskin Bihar Gramin Bank Personal Loan
- Identity Proof : Aadhaar card, Voters ID card, Passport and Driving license
- Address Proof : Ration Card, Passport, Electricity Bill, Rental agreement, Trade License, and Sales Tax Certificate.
- Banks Statement : Statement of the previous six months.
- Latest ITR : Income Tax Return with computation of income, Balance sheet, and Profit& Loss for the last two years certified by a Chartered Accountant.
- Proof of Continuation : Trade License, Sales-tax Certificate.
They also required for a certified copy of Board Resolution, Partnership Deed, Article of Association, and Memorandum of Association.
Dakskin Bihar Gramin Bank Personal Loan Eligibility
- Individuals Age – 25-65 Years are required.
- Business Continuity – Should be in the same business for a minimum of 3 years and also work experience of 3 years.
- Minimum Income – the applicant is Rs 2,00,000 per year.
- Minimum Loan Amount – Rs 75,000
- Maximum Loan Amount – Rs 15,00,000 Rs 15,00,000
- Tenure – 12-48 Months
Click here to know more about- Eligigibility Criteria
Dakskin Bihar Gramin Bank Personal Loan Purpose
As the name is suggesting, a personal loan can be for any of personal use purpose. But generally, there are some purposes for which people prefer to get a Personal Loan.
- People get a personal loan for wedding purposes. You can quickly get a personal loan in very less time.
- Sometimes a personal loan is beneficial for higher education too.
- Some people get a personal loan for home renovation.
- Besides, people get a personal loan to close other loans.
Click here to know about EMI Calculator
Dakskin Bihar Gramin Bank Personal Loan Advantages
- Firstly, interest rates are quite affordable.
- Thus, the person can quickly repay their loan amount.
- Secondly, this loaning scheme is unsecured.
- As a result, there is no requirement of collateral
- Furthermore, both the salaried and self-employed individuals can take benefits from this loan.
- Moreover, the principal amount is entirely dependent on the borrowers documents submission.
- If an applicant CIBIL or credit score is right, you can get the loan amount without facing any problem.
- Now, you might be thinking about where I can use the loan amount.
- So, the answer to your question is anywhere. You can use it for paying your medical expenses, or you can go for an exotic vacation with the loan amount.
- Hence, personal loan comes with no spending restrictions.
How one applies for Dakskin Bihar Gramin Bank Personal Loan?
It’s effortless to apply for a Dakskin Bihar Gramin Bank Personal Loan; all you need is to do follow these simple steps and Now, once you are on our site, you need to provide your necessary details along with your phone number. It requires a very minimal time
- First, you need to visit our website www.loannow.in
- Please, it is essential that the applicant provide their correct contact details.
- Now once you fill the form, all the work is done.
- Then, our relationship manager will call you within 30 minutes and provide you the best offers and deals that you can get from near your location.
- Also, you don’t need to worry about paying anything as we provide free expertise to you.