Dhanalakshmi Bank Personal Loan offers most flexible tenable loan amount of Rs.50 Thousand to Rs.15 lakh and it is most apt way of satisfying a consumer’s personal varied financial requirements. We, at moneysuperbazaar, offer you a complete Dhanalakshmi Bank Personal Loan review that informs you about Dhanlakshmi Bank Personal Loan Interest Rate and how you may on satisfying Dhanlakshmi bank Personal Loan Eligibility criteria can easily avail loan.

Dhanalakshmi Bank Personal Loan Interest Rate:

Dhanalakshmi Bank Personal Loan rate is based on:

a)    Base rate: stands at 8.25%, w.e.f. 1^st January, 2011 

b)    Benchmark primary lending rate is 17.25% w.e.f. 1^st January, 2011

Criteria For Dhanlakshmi Bank Personal Loan Eligibility Are:

• Age above 2Candidate applying for loan should be above 23 years of age.
• He should be drawing a HHe/she should be drawing a monthly salary of Rs.20,000, with a minimum of 2 years’ experience.
• He should hold permanent employment with a government organization (state or central) or any other reputed profit making organization.

Documents Required For Dhanlakshmi Bank Personal Loan:

• Proof of identity: PAN Card/ Driver’s License
• Proof of age: PAN Card/Driver’s License/Birth Certificate
• Residential proof: Valid Indian passport/ Voter ID Card/ Driver’s License
• Signature: PAN Card/ Driver’s License
• Income Proof: a minimum of 6 months of bank statement of salary account and last 3 months’ payslips.
• Proof of Continuity of job: Form 16/ Appointment Letter

Quantum Of Dhanlakshmi Bank Personal Loan:

The Dhanalakshmi Bank Personal Loan review states that the maximum amount possible is Rs.15 lacs and the minimum at Rs.50, 000.

Procedure To Apply For Dhanlakshmi Bank Personal Loan:

Interested persons can apply for Dhanlakshmi bank Personal Loan online. They can also approach the nearest branch and contact the personal relationship manager, who will guide them. Loan processing charges stand at: Up to 2.5% of the loan amount, with a minimum of Rs 1250. Service charges stand at 2.00%. These charges are not related to Dhanalakshmi Bank Personal Loan rate of interest.

Tenure Of Dhanlakshmi Bank Personal Loan:

The tenure stands at 60 months.

Repayment Of Loan Amount:

Convenient repayment options are available to the loan-seekers. Payment can be made through post-dated cheques over a period of 12 to 60 months.

Defualt In Payment Of Loan Amount:

Late payment of EMI attracts a charge of 24 % per annum, on the amount left outstanding from the default date.

Pre-Closure Of Dhanlakshmi Bank Personal Loan And Charges:

A maximum of 6 EMIs are permissible (without inviting any charges) for pre-payment. The pre-closure charges stand at 4% of the principal amount left outstanding after repayment of 6 easy monthly installments.

This Dhanalakshmi Bank Personal Loan review amply states the loan with its easy Dhanalakshmi Bank Personal Loan interest rate and Dhanlakshmi bank Personal Loan Eligibility criteria is one of the best in the market. The Dhanalakshmi Bank Personal Loan rate is also one of the easiest.

Tax Implications Of The Dhanlakshmi Bank Personal Loan:

The principal amount repaid does not qualify for tax deduction benefits. Even, the interest based on Dhanalakshmi Bank Personal Loan rate, paid for renovation etc of house, cannot be claimed for deduction in income tax. Dhanalakshmi Bank Personal Loan rate based on the Dhanalakshmi Bank Personal Loan interest rate, is irrespective of the Dhanalakshmi Bank Personal Loan eligibility conditions, as is amply stated on Dhanalakshmi Bank Personal Loan review.

Product Page Url Of Dhanlakshmi Bank Personal Loan:

For more information log on to official website at http://www.dhanbank.com/personal/personal_loans.aspx/">http://www.dhanbank.com/

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