Indiabulls Dhani Personal Loan Interest Rates

Dhani Loans and Services is an Indian FinTech company offering individuals various loan and insurance products. Being known for its quick and hassle-free loan disbursal process, Dhani Personal Loan is one of the popular products offered by the company, with a loan amount ranging from INR 1,000 to INR 15 Lakhs and flexible repayment options. 

Dhani Personal Loan interest rates start at 13.99% p.a. However, the interest rate may vary based on the loan amount, repayment period, credit score, and the borrower’s income. It is best to check the current interest rates on the Dhani website or app for up-to-date information.

Features and Benefits of Indiabulls Dhani Personal Loan

Dhani Personal Loan offers its customers various features and benefits. Some of those are listed below. 

1. Quick and easy approval: Dhani personal loan approval process is fast and straightforward, and loans can be dispersed within 24 hours post-approval.
2. Flexible loan amount: Dhani personal loan allows you to choose the loan amount that best fits your needs, with loans available from Rs. 1,000 to Rs. 15 lakhs.
3. No collateral: Dhani personal loan is unsecured, meaning you don't need to pledge any collateral to secure the loan.
4. No hidden charges: Dhani is transparent about its fees and charges, and no hidden fees or charges are associated with the loan.
5. Easy repayment: Dhani personal loan offers flexible repayment options, with loan tenure ranging from 3 to 36 months.
6. Customisable EMI: Dhani personal loan offers customised EMI options based on your loan amount, tenure, and income, making loan repayment more manageable.
7. Convenient online application: The entire loan application process can be completed online, making it convenient and hassle-free for borrowers.

Factors Affecting Indiabulls Dhani Personal Loan

• Credit score: A good credit score is crucial in determining your eligibility for a personal loan. A higher credit score indicates that you are a responsible borrower and are more likely to repay the loan on time.
• Income: Your income plays a vital role in determining your eligibility for a personal loan. Higher-income levels increase the likelihood of loan approval and may result in a higher loan amount.
• Employment: A stable and secure employment history is also considered when evaluating your loan application. This can include the length of your employment, your job title, and your salary.
• Debt-to-Income Ratio: Your debt-to-income ratio, or DTI, is another essential factor in determining your eligibility for a personal loan. A high DTI indicates that you have a lot of existing debt and may be less likely to be approved for a loan.
• Loan purpose: The purpose of the loan may also affect your eligibility for a personal loan. For example, some lenders may not approve loans for specific purposes, such as gambling or debt consolidation.
• Loan amount: The loan amount you are applying for can also affect your eligibility for a personal loan. Lenders may only approve loans for a certain amount based on your income and credit score.
• Repayment history: Your repayment history for previous loans, including any late payments or defaults, will also be considered when evaluating your loan application.

How to Calculate Dhani (Indiabulls) Personal Loan Interest/ EMI?

Using an online loan calculator, you can calculate the interest and EMI (Equated Monthly Instalment) for your Dhani (Indiabulls) personal loan. The formula to calculate EMI (Equated Monthly Instalment) for a personal loan is 

E = P * r * (1 + r)^n / ((1 + r)^n – 1)

Where:- 

E = EMI P = Principal loan amount 

r = interest rate per month 

n = number of monthly instalments

Based on this information, the loan calculator will give you an estimate of the interest and EMI you can expect to pay. Remember that the actual interest and EMI may differ based on your credit score, income, and repayment history.

How to Get Low-Interest Rates on Dhani Personal Loan?

Here are some steps to increase your chances of getting a low-interest rate on your Dhani personal loan. By taking these steps, you can increase your chances of getting a low-interest rate on your Dhani personal loan and reduce the overall cost of the loan:

• Improve your credit score: A good credit score is one of the most important factors that lenders consider when determining the interest rate on loan. Improving your credit score can increase your chances of getting a low-interest rate on your personal loan.
• Compare lenders: Before applying for a loan, compare the interest rates and terms different lenders offer. Choose the lender with the lowest interest rate and the most favourable terms for your needs.
• Provide proof of income: Demonstrating a stable and secure income can increase your chances of getting a low interest rate on your personal loan. Provide evidence of your income, such as a recent payslip or tax return, to support your loan application.
• Choose a shorter loan tenure: Generally, the shorter the loan tenure, the lower the interest rate. Choose a loan tenure appropriate for your needs, but consider opting for a shorter tenure if you can afford to make higher monthly payments.
• Negotiate with the lender: Consider negotiating with the lender to get a lower interest rate. You may be able to negotiate a lower rate if you have a good credit score, a stable income, and a solid repayment history.

Dhani Personal Loan Fees and Charges

The table below pertains to Dhani Personal Loan interest rate fees and additional charges. 

Type of Charges	Fees
Processing Fees	3% onwards
Foreclosure/pre-payment charges	>6 months: 5%
Bounce Charges	For salaried: INR400 per bounce
	For self-employed: INR750 per bounce
Late payment penalty	3% per month
Stamp duty charges	As per laws applicable
Duplicate NOC	INR 500 per request
Repayment mandate/instrument swapping charges	INR500 per request
Loan cancellation charges	INR 3,000
Loan rebooking charges	INR1,500
Statement of account charges	INR 500
Duplicate repayment schedule	INR 500