IndiaBulls Personal Loan
Indiabulls is a financial services group in India that started its operations in 1999 and has its headquarters in Gurgaon. The primary businesses of this Indian conglomerate include housing finance, consumer finance, and personal wealth. The net worth of Indiabulls Group is estimated to be around 28,580 Crore, as per the 2019 statistics. Indiabulls AMC, the mutual funds business of the group, was acquired by Groww in 2021 for Rs 175 Crore.
- Personal Loan
| Loan Amount | : | ₹1K - ₹15L |
| Interest Rate | : | Up to 13.99% |
| Processing Fee | : | Up to 3% |
| Tenure | : | 2 Years |
| Banks | Interest Rate | Processing Fee | Loan Amount/Tenure | |
|---|---|---|---|---|
Up to 13.99% | Up to 3% | ₹1K - ₹15LTenure(0 - 2 Years) |
Features and Benefits of IndiaBulls Dhani Personal Loan
Headquartered in New Delhi, IndiaBulls Dhani Loans and Services Limited is a one-stop solution for all financial services. Formerly known as Indiabulls Consumer Finance, Dhani is a non-banking financial company registered with the Reserve Bank of India.
IndiaBulls Dhani makes financing easy with paperless personal loans. It offers customized unsecured loans at nominal interest rates starting at 13.99% p.a. With loans ranging up to INR 15 lakhs, Dhani offers pre-approved loans to its customers.
- 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
Minimal Documentation
IndiaBulls Dhani provides a simple and hassle-free online documentation process. You will be required to submit essential documents like KYC details and bank statements.
Rapid Loan Process
The IndiaBulls Dhani app enables you to avail a personal loan in the comfort of your home. You must download the Dhani app from the play store and provide all the required data.
Flexible Tenure
A personal loan funds your financial needs. By opting for a loan with IndiaBulls Dhani, you are allowed to repay your loan in 2 years.
Nominal Prepayment Charges
Prepayment is an option provided by banks and NBFCs. You can opt to repay the outstanding loan at once rather than paying in EMIs. IndiaBulls Dhani allows its customers to prepay their loans at nominal charges starting at 5%.
IndiaBulls Dhani Personal Loan Eligibility Criteria
IndiaBulls Dhani offers personal loans to both salaried and self-employed individuals. To avail of a personal loan at IndiaBulls Dhani Loans and Services, an applicant must meet the eligibility criteria set by the institution.
Salaried Individuals
A salaried applicant who works in the public sector, private sector, or in a central or state government organisation is eligible for this loan.
| Minimum age | 21 years 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 |
|
| Maximum eligible term loan | A salaried individual can avail a loan ranging from INR 5,000 to INR 15 lakhs |
Self-Employed Professional
IndiaBulls Dhani offers customized personal loans for self-employed professionals. Doctors, chartered accountants, architects, engineers, and consultants are eligible for this loan.
| 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 a loan ranging from INR 5,000 to INR 15 lakhs |
IndiaBulls Dhani offers customized personal loans for self-employed professionals. Sole proprietors, partners, and directors in manufacturing and trading services are eligible for this loan.
| Minimum age | 21 years 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 |
IndiaBulls Dhani Persoanl Loan Fees and Charges
When you avail of a personal loan, you must pay certain charges. The fees charged by IndiaBulls Dhani are very nominal. Have a look at the fees charged by IndiaBulls on personal loans:
| Processing fees | 3% onwards |
| Foreclosure or pre-payment charges | Above 6 months - 5% |
| Bounce charges |
|
| Penal charges | 3% per month |
| Stamp duty charges | As per laws |
| Duplicate NOC | INR 500 (per request) |
| Instrument swapping charges | INR 500 (per request) |
| Loan cancellation charges | INR 3,000 |
| Loan rebooking charges | INR 1,500 |
| Statement of account charges | INR 500 |
| Copy of repayment schedule | INR 500 |
Types of IndiaBulls Dhani Personal Loans
A personal loan is a zero-collateral financing solution. IndiaBulls Dhani extends a diversified range of personal term loans.
Wedding Personal Loan
With instant IndiaBulls Dhani personal loans for weddings, your ‘Big Fat Indian Wedding’ dreams can become a reality. The unsecured loan covers all your expenses cost-effectively. It offers a flexible repayment schedule of 6 years.
Travel Personal Loan
Travel loans are customised personal loans that cover all your travel expenses. With IndiaBulls Dhani personal loans for travel, you can avail high-value loans with flexible repayment plans of up to 72 months.
Medical Personal Loan
Medical loans finance unexpected healthcare expenses incurred in the event of an emergency. IndiaBulls Dhani medical loans cover all hospital bills under one roof with instant disbursement.
Used Cars Personal Loans
IndiaBulls personal loans fuel your dreams of buying a car. With rapid disbursements, you can get unsecured loans to purchase a four-wheeler. You can apply for this loan through the IndiaBulls Dhani app.
Two-Wheeler Personal Loan
IndiaBulls Dhani flexible personal loans for two-wheelers enable you to buy a bike or a scooter at nominal interest rates and flexible EMI options.
Education Personal Loan
Fund your higher education goals with a Dhani personal loan for education. The instant personal loan covers your tuition costs and other expenses incurred during the study.
New Car Personal Loan
Owning a car has become a necessity in today’s world. With Dhani unsecured loans, you can achieve your dream of buying a brand new car.
Top-Up Personal Loan
A top-up loan allows you to borrow additional funds on your existing loan. This provision by Dhani offers you a sizable sanction to fund your urgent expenses.
IndiaBulls Dhani Personal Loan App
In the era of technology, the Dhani personal loan app is a pioneer in the retail lending sector. It has been designed to simplify financial assistance.
The user-friendly interface makes the application process easy. By uploading the necessary KYC documents, you can avail of instant personal loans to aid your finances.
Documents Required for IndiaBulls Dhani Personal Loan
In the era of technology, the loan application procedure at IndiaBulls Dhani is hassle-free and applicant friendly. Check out the documents required for the verification process:
| Application form | Application form with a passport-sized photograph attached |
| Address proof |
|
| Identity proof |
|
| Age proof |
|
| Income proof |
|
Note: The financial institution can ask for any other document that might not be mentioned in the list. This may vary from case to case.
IndiaBulls Dhani Personal Loan EMI Calculator
The IndiaBulls Dhani Personal Loan EMI Calculator is an online tool that calculates the estimated monthly EMI payable on your loan amount. The calculator helps you to arrive at the monthly EMIs and interest payable that suit your repayment capacity. To access the figures, you are required to enter the desired loan amount, interest rate, and loan tenure in the blank spaces allocated in the calculator.
Comparison With Other Lenders
| 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. |
IndiaBulls Dhani Customer Care
By contacting Dhani customer care via email or toll-free number, you can get your queries clarified and grievances resolved.
| Toll-Free Number | 1860-419-3333 |
| Email ID | [email protected] |
FAQs
From refinancing to reducing your interest, we have the answers right here.
What is the minimum salary requirement for a IndiaBulls Dhani Personal Loan?
To be eligible for IndiaBulls Dhani Personal Loans, an applicant must earn a minimum of INR 25,000 per month.
What are the KYC documents I will have to submit to apply for a personal loan with IndiaBulls Dhani?
You are required to submit your voter ID, Aadhaar card, passport, driving licence and PAN card for KYC verification.
What is the maximum and minimum IndiaBulls Dhani Personal Loan amount I can get?
A salaried individual can avail of a personal loan with IndiaBulls Dhani, ranging from INR 5,000 to INR 15 lakhs.
What are the documents required in IndiaBulls Dhani for a personal loan?
To avail of a personal loan with Dhani, you are required to submit KYC documents (address proof and identity proof), age proof and bank statements for income proof for the documents verification.
What is the interest rate of a personal Loan in IndiaBulls Dhani?
Dhani offers personal loans at nominal interest rates ranging from 13.99% p.a.
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