Dhanalakshmi Bank Personal Loan | Features, Requirements, Eligibility Calculator, Other Charges

Dhanalakshmi Bank Personal Loan: Every other individual is seen applying for a loan because of their issues and monetary problems. This particular article will disclose information about the Dhanalakshmi Bank that provides outstanding personal loans at attractive rates.

The Dhanalakshmi Bank personal loan contact number is always available, and their bank personnel will answer all your questions and provide you with utmost care. The Dhanalakshmi Bank personal loan online applies features that will allow the customers to apply for their loan from the very comfort of their home.

Curious to check other banks’ offered Personal loan features, eligibility, interest rates, tax benefits, and a repayment plan. Go with our one-stop Personal Loan Page & swipe out your doubts within no time.

Dhanalakshmi Bank

Dhanalakshmi Bank Overview

In India, the Dhanalakshmi Bank is a private sector bank that was established in the year of 1927. It has headquarters in Thrissur, Kerala, and has 245 branches. The bank has successfully provided various banking solutions to different banking sectors. Applying for a personal loan is a very durable option since the Dhanalakshmi Bank’s loan interest rates are incredibly unique.

Dhanalakshmi Bank Features

The Dhanalakshmi bank has some excellent features that make this bank the best choice for those who want to go for a personal loan. Some of those unique features are given below:

  • Amount of the loan: The personal loan amount here at Dhanalakshmi bank is outstanding. They provide personal loans to both salaried and self-employed individuals.
  • Easy documentation: To apply for a personal loan, one needs to go through a hassle-free process if they choose to use it at Dhanalakshmi bank. The documentation provided here is fundamental and straightforward, and one can even do it from the comfort of their house. An individual can either approach the bank closest to them or open its website for their loan application.
  • Tenure period: The tenure period for repayment of the loan is between 12 to 60 months, i.e., an individual is provided with the option of paying the loan in a maximum of 60 EMIs. The repayment options offered here are also very flexible, and applying for the loan is a straightforward and smooth process.
  • Charges: For Dhanalakshmi bank personal loan, the part payment charges are not required. But the pre-payment charges and the loan processing fee need to be paid. The pre-payment charges before and after the repayment of the 12 EMIs are 2%, along with the ST of the principal outstanding, and the loan processing fee is up to 2.5% of the loan amount.
  • Interest Rate: The bank decides the interest rate on the loan amount. So, therefore, the interest rate depends solely on the bank’s decision.
  • The personal loan eligibility calculator: The website of Dhanalakshmi Bank provides consumers with a tool that allows them to check their eligibility for applying for a loan. The eligibility is based on certain factors, and hence the consumer needs to input the required information. They will know whether they are eligible to apply for the Dhanalakshmi Bank personal loan or not.
  • Other charges: The bank itself decides the interest rate for the Dhanalakshmi Bank personal loan. The charge for cheque bounce is Rs. 500 along with ST per cheque. The demand for loan cancelation is Rs. 1,000 along with ST. The charge for the fore-closure statement is Rs. 200 along with ST.
  • The Dhanalakshmi Bank personal loan first checks the applicant’s credit history after receiving the loan application. Having a credit score of around 750 or above is always good since it will assure the bank that the individual can repay the loan amount on time.
  • The bank will also look at whether the applicant has been paying the previous loan amounts on time or not. If they find a low credit score or any defaults in the payment, then the rejection of the loan is possible.

How to Apply for a Personal Loan in the Dhanalakshmi Bank?


  • If you want to apply for the loan online:
  • Visit the Dhanalakshmi Bank website and fill in the form with the required details.
  • Upload all the documents that are required.
  • Submit the form, and the bank will call you for other formalities.

Offline: Visit the nearest branch of Dhanalakshmi Bank with all the required documents, fill in the form with all the required information and submit it to the counter to get your loan approval process started.

Dhanalakshmi Bank Personal Loan Eligibility Criteria

The Dhanalakshmi Bank has specific acceptability requirements for personal loan applicants. If any individual decides to apply for a personal loan, they need to ensure that all the requirements are met. The requirements are:

  • The individual applying for the loan should be at least 23 years old.
  • The individual has to be either a salaried individual, self-employed professional, or a self-employed non-professional.

For salaried individuals

  • The minimum income has to be Rs. 35,000 per month.
  • The individual needs to be a permanent employee in either a central government or state government institution, a reputed organization, or a profit-making organization.
  • Minimum work experience of around two years is required for applying for the loan.

For self-employed (both professional and non-professional)

  • The minimum income has to be Rs. 1,80,000 per annum.
  • The work experience needs to be at least three years for a self-employed professional.

Dhanalakshmi Bank Personal Loan Documents Required

To apply for the Dhanalakshmi bank personal loan, an individual needs to provide specific documentation. The required information regarding those documents are given below:

For the proof of identification, an individual needs to present a copy of any one among the following:

  • Voter ID
  • Valid passport
  • Laminated driving license Aadhar card
  • Defense ID
  • Employee card(if any)

For the proof of income, an individual needs to present three current payslips that have the six months bank statement of their salary account.

For the proof of residency, an individual needs to present a copy of any one among the following:

    • Valid passport
    • Voter ID Card
    • Laminated driving license
    • Premium receipt of life insurance
    • Latest telephone or electricity bill that is at least three months old.
    • Latest bank statement or bank passbook.

For the proof of age, an individual needs to present a copy of any one among the following:

    • Birth certificate
    • Driving license
    • Passport
    • PAN Card
    • School or college certification
    • LIC policy
  • Latest photographs of the individual
  • Form 16 or appointment letter as the proof of continuity
  • Verification of signature
  • The loan application form, filled and signed

Types of Personal Loan offered by the Dhanalakshmi Bank

The other types of personal loans that the Dhanalakshmi Bank provides are:

  • Home Loan
  • Business Loan
  • Education Loan
  • Credit Card Loan

Takeaways from the Article

In this particular article, we have given you information about the Dhanalakshmi Bank Personal Loan, the Dhanalakshmi Bank Personal Loan interest rate, and about what a Dhanalakshmi Bank Personal Loan is.

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