Dhanlaxmi Bank is a reputed bank with 245 branches situated in India and over 250+ ATMs available for customer service. It was established in 1927 in Kerala by a crew of experts that included some entrepreneurs for easy service to customers financially.
In this post, I’ll present the details of how to apply for a personal loan at Dhanlaxmi Bank with its info, eligibility, features, etc.
Table of Contents
Loan Details
| SL.No. | Category | Data |
| 1 | Interest Rates | 11.9-15.7% |
| 2 | Loan amount | Up to 15 Lakhs |
| 3 | Processing charge | 2.5% + GST |
| 4 | Tenure | 12-60 months |
| 5 | Minimum age of the applicant | At least 23 years |
| 6 | Minimum income of the applicant | Rs 35,000 or more (per month) |
| 7 | Pre-payment charge | 2% + GST |
| 8 | Lowest EMI | Rs 2,219 per Lakhs |
Steps to apply for Dhanlaxmi Bank Personal Loan
Step-1: Fill out the loan query form by entering your true personal details like Mobile, Address, mail-id,etc.
Step-2: You’ll receive an OTP and by entering it, you will be redirected to Personal loan section.
Step-3: Next, various loan offers will be displayed to you.
Step-4: The bank team will contact you and would advise as per your needs.
Features of Dhanlaxmi Bank Personal Loan
- Flexible tenure period
- Easy approval of loans
- Negligible rate of interest
- Less paperwork
- Quick transfer of money after loan approval
Eligibility Criteria
There are some pre-defined needs to be eligible to take a personal loan at Dhanlaxmi Bank and they are specified as follows:
Dhanlaxmi For Salaried applicants
- Applicant’s age: 23 years or more
- Minimum monthly income: Rs 35,000 or more
- Profile of applicant: Should be working at government institution or in a reputed organization
- Work experience: Minimum 2 years
For Self-Employed applicants
- Applicant’s age: 23 years or more
- Minimum annual income: Rs 1.8 Lakhs or more
- Profile of applicant: Should be an owner of some business firm or a partner of firm or involved in a self-employed profession
Required Documents
The documents needed to apply for a personal loan at Dhanlaxmi Bank varies as per eligibility criteria and they are:
For Salaried applicants:
- Identity proof (PAN card/Voter ID/Driving license)
- Age proof (Passport/Birth certificate/Driving license)
- Continuity proof (Company’s appointment letter)
- Income proof (Income slips)
- Passport sized photographs
For Self-Employed applicants
- Identity proof (PAN card/Voter ID/Driving license)
- Age proof (Passport/Birth certificate/Driving license)
- Proof of legal existence of firm (Shop establishment certificate)
- Operating address proof (Telephone bill of firm)
- Passport sized photographs
Dhanlaxmi Bank comparison with other banks
| SL.No. | Bank Name | Loan Amount | Processing fee (without GST) | Interest Rates |
| 1 | ICICI | Up to Rs 25 Lakhs | 2.25% | 10.5-19% |
| 2 | Deutsche | Up to Rs 15 Lakhs | 2% | 10-11.4% |
| 3 | HDFC | Up to Rs 40 Lakhs | 2.5% | 10-21% |
| 4 | BOI | Up to Rs 10 Lakhs | 2-4% | 8.35-10.35% |
| 5 | DBS | Up to Rs 15 Lakhs | 1-3% | 10.9-34% |
Check Status
You can easily track the status of your personal loan at Dhanlaxmi Bank by clicking the below button:
Contact Details
Mail-id: customercare@dhanbank.co.in
Phone number: 048-7661-3000 (charges are applied)
Official website: Visit now!
FAQs
1]. Are processing charges applied to avail of a personal loan?
Yes, processing fees up to 2.5% without GST are applicable.
2]. Is the personal loan at Dhanlaxmi transferred fast?
Yes, but the conditions and eligibility are checked, and then the decision can be taken.
3]. As I am a teacher, Can I apply for a personal loan at Dhanlaxmi?
Yes, you can as per your eligibility criteria.
4]. What is the tenure period?
It’s about 12 to 60 months.
5]. Does the bank system treat all consumers equally for the personal loan provided?
It depends on one’s eligibility and the conditions. So, it varies person-to-person.
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