Business

All about Dhani Personal Loan

Dhani Loans and Services Limited (Formerly Known as Indiabulls Consumer Finance Limited) has been designed to make personal financing needs easier. Getting a personal loan sanctioned to its disbursal has become spontaneous with the help of one of the Best Banks for Personal Loan. The loan gets disbursed into the bank account instantly with a quick hassle-free process with the only need of PAN card and address proof.

Dhani offers personal loans @ 13.99% p.a. onwards for a loan amount of up to INR 15 lakh and for a period of up to 2 years. Indiabulls offers various types of personal loans including wedding loans, travel loans, used car loans, two-wheeler loans, and medical loans.

Dhani Personal Loan – A Snapshot
Interest Rate 13.99% p.a. onwards
Loan Amount INR 1,000- INR 15 lakh
Loan Tenure 3 months-2 years
Processing Fees 3% onwards

Features of Indiabulls Dhani Personal Loan

Below mentioned are the features of Dhani Personal Loan:

  • Competitive interest rates start from 13.99% p.a.
  • High-value loans of up to INR 15 lakhs
  • Flexible tenure of up to 2 years
  • Rapid approval and instant disbursement

Benefits of Indiabulls Dhani Personal Loan

Below mentioned are the benefits to apply for Indiabulls Dhani Personal Loan:

  • Minimal Documentation
  • Rapid Loan Process
  • Flexible Tenure
  • Nominal Prepayment Charges

Processing Fees & Charges 

Below mentioned are the processing fees & charges to apply for Dhani Personal Loan:

Type of Charges Fees
Processing Fees 3% onwards
Foreclosure/pre-payment charges >6 months: 5%
Bounce Charges For salaried: INR 400 per bounce
For self-employed: INR 750 per bounce
Late payment penalty 3% per month
Stamp duty charges As per the laws applicable
Duplicate NOC INR 500 per request
Repayment mandate/instrument swapping charges INR 500 per request
Loan cancellation charges INR 3,000
Loan re-booking charges INR 1,500
Statement of account charges INR 500
Duplicate repayment schedule INR 500

Eligibility Criteria of Indiabulls Dhani Personal Loan

In the case of Salaried Individuals:

Criteria Details
Minimum age 21 years as on the date of loan sanction
Maximum age Not above 60 years on the date of maturity
Minimum income INR 25,000 per month
Minimum work experience ·         A minimum work experience of 2 years

·         A minimum work experience of 1 year in the current organization

Maximum eligible term loan A salaried individual can avail a loan ranging from INR 5,000 to INR 15 lakhs

In the case of Self-Employed Professionals:

Criteria Details
Minimum age 21 years on the date of loan sanction
Maximum age Not above 65 years on the date of maturity
Minimum income INR 30,000 per month
Minimum work experience A minimum of 3 years of work experience post qualification
Maximum eligible term loan A salaried individual can avail of a loan ranging from INR 5,000 to INR 15 lakhs

In the case of Self-Employed Non-Professionals:

Criteria Details
Minimum age 21 years as on the date of loan sanction
Maximum age Not above 62 years on the date of maturity
Minimum income INR 40,000 per month
Minimum work experience A minimum of 3 years of work experience post qualification
Maximum eligible term loan A salaried individual can avail a loan ranging from INR 5,000 to INR 15 lakhs

Documents Required 

Below mentioned are the documents required to apply for Indiabulls Dhani Personal Loan:

Documents Particulars
Application form Application form with a passport-sized photograph attached
Address proof ·         Voter ID

·         Aadhaar card

·         Passport

·         Driving license

·         PAN Card

·         Utility bills

Identity proof ·         Voter ID

·         Aadhaar card

·         Passport

·         Driving license

·         PAN Card

Age proof ·         Voter ID

·         Aadhaar card

·         Passport

·         Driving license

·         PAN Card

·         Birth certificate

·         School leaving certificate

Income proof ·         Salaried individual- Pay Slips of the past 3 months

·         Self-employed individuals – financial statements of the  previous two years audited by a CA

Types of Indiabulls Dhani Personal Loan

Below mentioned are the different types of Indiabulls Dhani Personal Loans:

Wedding Personal Loan

With the help of Dhani Personal Loan, one can make a dream of a big fat wedding turn into a reality. The unsecured loan covers all the expenses cost. It also takes care of the expenses covered

Travel Personal Loan

These are customized personal loans that cover all the expenses related to travel with the help of which one can avail high-value loans with flexible repayment plans of up to months.

Medical Personal Loan

It takes care of all the unexpected health-related expenses incurred due to emergency situations.

Used Cars Personal Loan

Get unsecured loans to purchase a 4-wheeler instantly and fulfill the dream of buying a car.

Two-Wheeler Personal Loan

It allows to buy a bike or a scooter at nominal interest rates and flexible EMI options.

Education Personal Loan

It allows funding the higher education that includes the tuition fees and other expenses as well incurred during education.

New Car Personal Loan

One can fulfill the dream of buying a new car with the help of Dhani Personal Loans.

Top-Up Personal Loan

It allows one to borrow additional funds on the existing loan by offering a sizeable sanction to fund urgent expenses.

How to apply for Dhani Personal Loan?

Below mentioned are the steps to apply for Dhani Personal Loan:

  • Download the Indiabulls Dhani Personal Loan mobile app from Play Store or App Store.
  • Enter the mobile number along with the OTP received on the registered mobile number for verification purposes.
  • Enter the loan amount that is to be raised and other details as required.
  • Provide other information as required Employment Status, Salary, PAN, residence, etc.).
  • Submit the application.

How to calculate EMI for Dhani Personal Loan:

The Equated Monthly Instalments (EMIs) of Indiabulls Dhani Personal Loan with the help of the below-mentioned formula:

EMI = [P x R x (1+R)^N]/[(1+R)^N-1]

where,

EMI is Equated Monthly Instalments,

P is the principal amount,

R is the monthly rate of interest, and

N will be the Dhani Personal Loan repayment tenure (in months).

Comparison of Personal Loan Interest Rates Offered by Other Lenders

Lender Name Interest Rates
Indiabulls Dhani Loans and Services 13.99%
Tata Capital 10.99%  p.a. onwards
IDFC First Bank 10.49%  p.a. onwards
Aditya Birla Capital 14% p.a.- 26% p.a.
IIFL 24%  p.a. onwards
Fullerton India 11.99% p.a.- 36% p.a.
RBL Bank 14% p.a.- 23% p.a.
Central Bank of India 9.85% p.a. onwards
SBI 9.60% p.a.- 15.65% p.a.
Karur Vysya Bank 9.40% p.a.- 19% p.a.
Kotak Mahindra Bank 10.25% p.a. onwards
City Union Bank 12.75% p.a.

Dhani’s Customer Care Number

To get the grievances and queries resolved, the customers can either call on the below-mentioned toll-free number or send an email:

Toll-Free Number 1860-419-3333
Email ID service_dhani@indiabulls.com

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