|Rate of interest||11.90% - 15.70%|
|Minimum loan amount||Rs. 1 Lakh|
|Maximum loan amount||Rs. 15 Lakhs|
|Tenure||12 to 60 months|
|Processing fee||Up to 2.5% of the loan amount|
|Minimum income||Rs. 35,000 per month|
|Prepayment charges||2% of the principal outstanding + taxes|
|Age required||At least 23 years|
|Lowest EMI/Lakh||Rs. 2,219|
The key features of Dhanlaxmi Bank Personal Loan are:
Applying for a Personal Loan from Dhanlaxmi Bank provides you with the following benefits:
Below are the DBS personal loan interest rates as of 29.07.2021:
|Rating||Tenure and Applicable Interest Rate (per annum)|
|Above 6 months – 1 year||Above 1 year – 2 years||Above 2 years – 3 years||Above 3 years – 5 years|
Amount Paid by
Interest paid during
Principal paid during
|1||Rs. 10,00,000||Rs. 1,33,164||Rs. 57,649||Rs. 75,514||Rs. 9,24,486|
|2||Rs. 9,24,486||Rs. 2,66,327||Rs. 1,01,200||Rs. 1,65,127||Rs. 7,59,358|
|3||Rs. 7,59,358||Rs. 2,66,327||Rs. 80,442||Rs. 1,85,886||Rs. 5,73,473|
|4||Rs. 5,73,473||Rs. 2,66,327||Rs. 57,074||Rs. 2,09,253||Rs. 3,64,220|
|5||Rs. 3,64,220||Rs. 2,66,327||Rs. 30,769||Rs. 2,35,558||Rs. 1,28,661|
|6||Rs. 1,28,661||Rs. 1,33,164||Rs. 4,502||Rs. 1,28,661||Rs. 0|
Any of the following three ways can be used to repay a Personal Loan from Dhanlaxmi Bank:
Since Post Dated Cheques are prone to errors and mistakes, it is strongly recommended that a borrower use the ECS or SI option.
|Name of Lender||Rate of Interest (per annum)||Processing Fee||Maximum Loan Limit|
|Dhanlaxmi Bank||11.90% - 15.70%||Up to 2.5%||Rs. 15 Lakhs|
|DBS Bank||10.99% - 34%||1% to 3% + GST||Rs. 15 Lakhs|
|Deutsche Bank||9.99% - 11.49%||Up to 2%||Rs. 15 Lakhs|
|HDFC Bank||10.50% - 21%||Up to 2.50%||Rs. 40 Lakhs|
|ICICI Bank||10.50% - 19%||Up to 2.25%||Rs. 25 Lakhs|
Irrespective of the nature of business or job profile, all loan applicants must provide a bank verification certificate.
For availing of a Personal Loan from Dhanlaxmi Bank, you have to meet the following personal loan eligibility criteria:
For salaried applicants:
For self-employed applicants:
Work experience: Self-employed professionals must have at least 3 years of work experience, while self-employed non-professionals must have a minimum of 5 years experience with a minimum of 4 years in their current venture.
Here are the personal loan processing fee and other charges that are associated with Dhanlaxmi Bank Personal Loan:
|Processing fee||Up to 2.5% of the loan amount (minimum of Rs. 1,250)|
|Late EMI payment charges||36 % p.a. on the outstanding amount from the default date|
|Prepayment charges||2% of the principal outstanding + applicable tax|
|Insurance fee||Rs. 500|
|No Objection Certificate (NOC)/ No Due Certificate||Rs. 250|
|Duplicate NOC/ No Due Certificate||Rs. 250|
|Charges for the change EMI cycle||Rs. 200|
|Charges for cheque swapping||Rs. 500 + applicable tax per event|
|Loan cancellation charges||Rs. 1,000 + applicable tax|
|Charges for cheque bounce||Rs. 500 + applicable tax per cheque|
|Charges for foreclosure statement||Rs. 200 + applicable tax|
|Customer Credit Information Report|
· Salaried: Rs. 200
· Individual: Rs. 200
· Non Individual: Rs. 750
|Stamp duty and other statutory charges||Applicable as per state laws|
|PLRTA Premium||As Applicable|
|Legal /incidental charge||At actual|
Follow the process mentioned below to apply for the Dhanlaxmi Bank Personal Loan through our website:
Also check, How to avail personal loan with low cibil score.
In case of any queries regarding Dhanlaxmi Bank Personal Loan - be it application process, eligibility criteria, loan approval or loan dispersal can be obtained through Dhanlaxmi Bank Personal Loan contact at the following Customer Care toll-free number:
Dhanlaxmi Bank Ltd.,
Kerala - 680 001
Dhanlaxmi Bank Ltd.
Kerala - 680002
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Yes, Dhanlaxmi Bank has an option to provide top-up Personal Loans to certain eligible borrowers. To be eligible for such top-up Personal Loans however, the borrower has to pay EMIs regularly without fail and must have a very good credit history.
If a borrower needs Personal Loan from Dhanlaxmi Bank fast, before applying for a Personal Loan, one has to check with the Personal Loan eligibility and see whether the applicant is eligible for the loan. The borrower can visit our website and then apply for a loan online for faster disbursement.
Though Dhanlaxmi Bank has eligibility criteria for Personal Loans, there are times when the bank could vary the eligibility criteria based on past or existing relationship with a borrower or depending on a case-to-case basis.
Dhanlaxmi Bank offers a loan amount of Rs. 1 Lakh to Rs. 15 Lakhs to salaried employees while the bank offers a loan amount of Rs. 3 Lakhs to Rs. 15 Lakhs for self-employed individuals subject to eligibility and repayment capacity.
Dhanlaxmi Bank offers Personal Loans with flexible loan tenures of 12 to 60 months.
Yes, Dhanlaxmi Bank charges a processing fee to all Personal Loans. The processing fee is up to 2.5% of the loan amount sanctioned, a minimum of Rs. 1,250.
Dhanlaxmi Bank has some other charges for some services sought by a borrower. The bank thoroughly explains these charges to a borrower during the time of granting disbursement. Some such charges are late/ delayed EMI charges, cheque bouncing fees, insurance, prepayment charges, issuance of various certificates like No Objection or no due certificates, stamp duty and other statutory charges.
Since Dhanlaxmi Bank analyses the credit information from relevant authorities to decide loan eligibility amount, the bank already has in place, a credit information report. A salaried employee or a self-employed individual who has submitted an application for loan processing can access the Credit Information report for a fee of Rs. 200. A company or an entity that has applied for a loan from Dhanlaxmi Bank can access the credit information report after payment of Rs. 750 to the bank.