Dhani Personal Loan is offered by Dhani Loans and Services Limited, formerly known as Indiabulls Consumer Finance Ltd. Dhani is the NBFC that offers this credit to help you meet your objectives with easy access to financing.
With its quick application process, availing the Indiabulls Dhani Loan is easy and hassle-free.
The Dhani Personal Loan has a range of features, making it a smart option to consider. Here is the table containing information about the Dhani Loan interest rate and other details:
13.99% p.a. onwards
₹1,000 to ₹15 Lakhs
Ranging from 3 to 24 months
Maximum 5% of the loan amount
5% of the outstanding amount
Disclaimer: The above rates and charges are subject to change at the lender’s discretion.
The interest rate levied on your Dhani Personal Loan depends on your overall credit profile and loan terms. The rate you get starts at 13.99% onwards. The lender will look at your credit score, existing liabilities, and other factors that affect your creditworthiness.
If you want to acquire the best Dhani Loan interest rate, you must have a credit score of 750 and above.
While the Dhani Personal Loan interest rate is a major factor influencing your cost of borrowing, other fees and charges also add to your borrowing costs. Generally, the processing fee with a Dhani Loan can go up to 5% of the loan amount.
This means that if your loan amount is ₹5 Lakhs, the processing fee can be up to ₹25,000. Apart from the processing fees, there are prepayment charges and other legal charges. You can check the details of these charges at the time of applying for the Dhani Personal Loan.
at % interest rate for months
Using a personal loan EMI calculator, you can quickly get accurate estimates of your monthly instalments. Once you enter the loan details - amount, tenure, and interest rate for your Dhani Personal Loan, the EMI calculator will display your EMI amount and your total interest amount.
You can compute the Equated Monthly Instalments (EMIs) of Indiabulls Dhani Personal Loan with the following formula: EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
EMI is Equated Monthly Instalment,
P is the principal amount,
R is the monthly rate of interest, and
N will be the Dhani Personal Loan repayment tenure (in months).
Do remember that manual calculation can be time-consuming and prone to errors. This can lead you to borrow based on inaccurate estimates, which can affect your financial wellbeing. As such, using a personal loan EMI calculator is the better alternative.
Here are the Dhani Personal Loan eligibility details you should know before applying.
Applicant must be above 21 years
Applicant must be a citizen of India
Applicant should be employed or self-employed
Meeting all the eligibility criteria is crucial in increasing the chances of approval. As such, ensure that you meet these criteria before applying.
Although there is minimal paperwork, you still need to submit basic documents to avail a Dhani Personal Loan. Documents required to apply for a Personal Loan include:
Completed application form as well as passport-sized pictures
PAN card information
Bank account information
Pay slips for the previous three months
Audited financial statements (last two years)
Any other documents that the lender requires
For a hassle-process of availing the Dhani Personal Loan, apply online by following the steps outlined below:
Install the Indiabulls Dhani Personal Loan app from Play Store and the App Store
Enter your phone number and OTP sent to your number for verification
Fill in the loan amount and other details
Provide the information needed (employment status, salary, PAN, residence, etc)
Submit the application
Once you submit the necessary information, the lender will process your application and verify your identity. If your application gets approved, the sanction amount will be transferred directly to your account.
You can contact the customer support team by calling 0124-6555-555 or writing at their email - firstname.lastname@example.org. Do remember that the customer support team via call is available between 8AM – 8PM.
If your query is not resolved by either of the above options, you can contact the corporate office and registered offices. The address for both these offices is available on the lender’s official website.
Also Check Other Lenders Personal Loan Options
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The minimum credit score for Dhani Personal Loan is not explicitly stated. However, having a credit score, i.e., above 750 is essential in availing affordable credit.
Yes, you must be 21 years or above to avail of a Dhani Personal Loan.
The disbursal process of Dhani Personal Loan is almost instantaneous once your application gets approved.
You can check the application on the Dhani app or website. You can even contact the customer support team for the same.
Dhani's customer support is available from 8:00 a.m. to 8:00 p.m. at the following numbers:
Dhani Credit Line: 022-67737800
Dhani Loans: 0124-6165722
You may also reach out to them by email at email@example.com.