Dhanlaxmi Bank

Personal Loan

The Personal Loan is just what you need to address your diverse financial needs – be it your child’s admission fee or upgrading your home appliances, you can now look forward to getting the financial support you need, without any hassles.

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Eligibility

Benefits

Fees & Charges

Documentation

Eligibility:

	Salried	Self Employed
Age	above 23 years	above 23 years
Minimum Income Requirement	Rs 35,000/- per month	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

Note : Eligibility criteria may change from case to case.

Benefits:

For Salaried

Loans are tenable in a wide range i.e. 1 lac to 15 lacs
Easy and simple documentation
Flexible repayment options which can stretch between 12 and 60 months

For Self Employed

Loans are tenable in a wide rage of 3 lacs to 15 lacs
Easy and simple documentation
Flexible repayment options which can stretch between 12 and 60 months

Fees & Charges:

	Salried	Self Employed
Loan processing fees	Upto 2.5% of the loan amount subject to a minimum of Rs .1250/-	Up to 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	2% + ST of the Principal Outstanding
Prepayment charges (after repayment of 12 EMIs)	2% + ST of the Principal Outstanding	2% + ST of the Principal Outstanding
No Due Certificate / No Objection Certificate (NOC)	Rs. 250/-	Rs. 250/-
Duplicate no due certificate / NOC	Rs. 250/-	Rs. 250/-
Solvency certificate	Not applicable	Not applicable
Late payment Charges of EMI	@ 36 % p.a p.a on amount outstanding from date of default	@ 36 % p.a on amount outstanding from date of default
Stamp duty & other statutory charges	As per applicable laws of the state	As per applicable laws of the state
Credit assessment charges	Not applicable	Not applicable
Non standard repayment charges	Not applicable	Not applicable
Cheque swapping charges	Rs. 500/- + ST per event	Rs 500/- + ST per event
Cheque bounce charges	Rs. 500/- +ST per cheque	Rs. 500/- +ST per cheque
Legal /Incidental charge	At actual	At actual
EMI cycle change	Rs. 200/-	Rs. 200/-
Loan cancellation charges	Rs. 1000/- +ST	Rs. 1000/- +ST
Foreclosure statement charges	Rs.200/- + ST	Rs.200/- + ST
Premium of PLRTA	As Applicable	As Applicable
Insurance Fees	Rs. 500/-	Rs. 500/-
Customer Credit Information Report (Credit Bureau)**	Rs. 200/-	Individual 200/- Non Individual - 750/-

Note - ** Will be provided only where the customer has submitted and application for loan processing
Service charge as applicable

Documentation:

To view the list of required documents for salaried, please click here
To view the list of required documents for self employed, please click here

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Personal Loan