1. What is a Personal Loan?

A personal loan is a fixed amount borrowed at a fixed interest rate from a financial institution or an online lender and repaid over a fixed tenure which is pre-decided. It is a type of unsecured loan wherein you usually don’t pledge any security or a collateral at the time of availing it. You can avail a personal loan to fulfil any of your financial needs.

2. How Does Personal Loans Work?

When you apply for a personal loan, the lender approves the loan amount after checking your credit score & other details. Once the personal loan amount is approved, you’ll receive the amount directly in your bank account. The entire loan amount is payed back in instalments within a fixed timeframe specified by the lender. The interest rate on your personal loan is determined by your credit score. A good credit rate will help in reducing personal loan interest rate and help you save money when you repay the debt.

3. When can I avail a Personal Loan?

You can avail a personal loan whenever you have a financial need. It can be a medical emergency, when you want to buy a car, an upcoming wedding, going for higher studies etc.

4. Where can I apply for Personal loan?

You can download the Indiabulls Dhani personal loan application from Google Play Store or Apple App Store.

5. When will I get the amount disbursed into my account?

Indiabulls Dhani is created to provide personal loan disbursement directly into one’s bank account in a matter of minutes.

6. What are the Documents required for a Personal Loan?

There is no physical requirement of documents since they can be uploaded or linked in a hassle-free process. Below is the list of
documents required at the time of application for a personal loan with Indiabulls Dhani:

1. PAN Card Details

2. Address Proof

3. Bank Details

7. What is Personal Loan Eligibility Criteria?

In order to avail a personal loan, an applicant must suffice certain minimal criteria. The eligibility criteria to apply for a personal loan with Indiabulls Dhani is that you need to be a salaried professional or a self-employed entrepreneur.

8. What is an EMI?

An Equated Monthly Installment or an EMI is a fixed payment amount to the lender by the borrower. These repayments are made on a specific date of each calendar month. These installments are used to pay off both the principal and the interest on the loan amount over a predetermined number of years. You can know your EMI amount by using our personal loan EMI calculator.

9. What is the maximum amount of loan I can get?

Your personal loan amount is usually dependent on your income and might vary based on if you are a salaried individual or not. It differs from one financial institution to another. Anyone, be it a salaried individual or self-employed individual can avail an instant personal loan from Indiabulls Dhani up to Rs 15 Lakhs.

10. How long does it take to get approved for a personal loan?

Once you have completed your Know Your Customer (KYC) details and uploaded the required documents, it’s just a matter of time for your personal loan approval. Indiabulls Dhani customers enjoy the benefits of an instant personal loan.

11. How do I get a top up on my personal loan if I require more funds?

A top up personal loan is an additional loan that can be availed against an existing personal loan. Availing a top up personal loan from Indiabulls Dhani is quite easy and quick. All you have to do is enter the required loan amount and other details on your Dhani app, and within minutes you’ll be disbursed the extra amount.

12. How can I get a personal loan?

To avail a personal loan from Indiabulls Dhani, you need to download the personal loan app – Dhani app. After downloading the app, you have to just enter your personal and loan details, and upload a few documents. Post that, sit back and relax; your loan will be disbursed within minutes.

13. How can I calculate EMI?

A personal loan EMI calculator helps you establish an estimate of the EMI amount you have to pay each month to your lender. To use this personal loan EMI calculator, all you need to do is enter the relevant loan details. An estimated EMI helps you to understand the magnitude of your financial condition before applying for a loan.

14. Where Can a Personal Loan be used?

A personal loan is a type of unsecured loan that helps you to meet your personal needs or your current financial needs. Unlike any other source of loan, a personal loan can be used for a variety of reasons. Some of these types of personal loans are- wedding loans, education loans, travel loans, home loans, car loans, etc.

15. Do I need to provide any security or collateral or guarantors?

Since a personal loan is an unsecured personal loan, you do not need to provide any security or collateral or guarantors. This means that a personal loan is not secured against any asset. These loans are also provided with minimal documentation.