Personal Loan Rates 2018 809 views
Table of Contents
- 1 Top Banks Offering Personal Loan in Bhubaneswar
- 2 Personal Loan in Bhubaneswar Interest Rates
Top Banks Offering Personal Loan in Bhubaneswar
|Bank Name||Main Branch Address||Rate of Interest|
|State Bank of India (SBI)||J.N.Marg, Kharabela Nagar, Unit-3, Bhubaneswar, Odisha-751001||11.35% - 15.10%[/sbi_pl_ir_sc|
|HDFC Bank||Shaheed Nagar, Business Park, First Floor Business Park First Floor C-111, Saheednagar, Bhubaneswar, Odisha-751007||10.99% - 20.99%|
|ICICI Bank||Occf Building Opposite Sriya Cinema Hall, Kharvelanagar, Unit 3, Kharabela Nagar, Bhubaneswar, Odisha-751001||10.99% - 18.49%|
|Axis Bank||Plot No A/69, Ground & First Floor, Mallick Commercial Complex, Shriya Talkies St, Kharabela Nagar, Bhubaneswar, Odisha- 751001|
15.50% - 24.00%
|Punjab National Bank (PNB)||122-A, Station Square, Near Bhubaneshwar Station, Master Canteen, Bhubaneswar, Odisha-751001||11.10% - 14.85%|
|Bank of India||Indradhanu Market, IRC Village, Jayadev Vihar, Bhubaneswar, Odisha-751015||11.80% - 13.80%|
|Bank of Baroda||271, Vidyut Marg, Ispat Bhavan, Unit-4, Vidyut Marg, Bhubaneswar, Odisha-751001|
11.55% - 16.55%
|Central Bank of India||N1-257, CRP Square, IRC Village, Nayapalli, Bhubaneswar, Odisha-751015||10.05% - 12.30%|
|IDBI Bank||Gr Floor IDBI House, Unit IX Janpath, Bhubaneswar, Odisha 751022||12.49% - 13.49%|
|Kotak Mahindra Bank||184, Ground Floor, Janpath, Bhubaneswar, Odisha-751001,||10.99% - 17.99%|
Personal Loan in Bhubaneswar Interest Rates
|Interest Rate||10.99% - 25.00%|
|Processing Fee||1%-2.50% of the loan amount plus service tax, if any|
|Prepayment/Part-payment Charges||3%-5% of the principal outstanding. No prepayment allowed before 6 months of the loan disbursement date.|
|Lowest Per Lakh EMI||₹ 2,204-2,935|
Personal Loan EMI Calculator Bhubaneswar
If you want to know how much personal loan EMIs you need to pay to a lender each month, a personal loan EMI calculator online is your answer. This smart and time-saving device with its simple algorithm and fastest process gives you the accurate results in the least time frame.
After taking into account the Loan Amount, Tenure and Interest Rate, this device fetches the results for you in just a few seconds. It not only calculates your monthly installments, your Interest Outgo and Total Amount Payable also gets calculated. For your reference, below is a table showing the calculations for a loan of ₹2 Lakh, take for a tenure of 5 years at an interest rate of 11.99% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
|Loan Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Eligibility Criteria for Personal Loan in Bhubaneswar
- The minimum age at which you can apply for a personal loan is 21 years if you are a salaried, while the same for self-employed is 24 years. The maximum age permitted by the loan matures is 58 and 65 years for salaried and self-employed, respectively.
- A minimum net monthly income of ₹ 20,000 is needed in the case of a salaried. While a self-employed applicant is required to earn a minimum of ₹ 1,00,000 per year.
- A minimum work experience of 1 year is required for a salaried, while a 3-year stay in the same line of business is necessary for a self-employed applicant.
Documents Required to Avail Personal Loan in Bhubaneswar
- Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
- Address Proof- Utility bill/Passport/Aadhar card/Voter ID
- Income Proof- Latest Salary Slip/ ITR/Form-16
- Bank Statement- Last 3-6 Month Bank Statement
About Personal Loan in Bhubaneswar
Bhubaneswar, the capital of Odisha, is a renowned city for information technology, tourism, and education. In fact, the city held the distinction of the best place to do business in India by the World Bank in 2014. It in certainly one of the fast growing city and a commercial hub not only in Odisha but also in eastern India. Not only IT & tourism but also the small-scale industries are flourishing here with traditional handicrafts still contributing a lot to the city’s economy.
It won’t be wrong to say that a personal loan is an ally of all weather and situations. It fulfills all your desires from surfing on the blue waters of Barcelona to bring home the all new high-definition television. A personal loan is a type of unsecured credit as you can avail it without having to submit any collateral. Available for a tenure of 5 years with flexible repayment options, a personal loan is worth a tool to support your dreams.