Dhani Loans and Services Limited provides personal loans with interest rates starting at 13.99% p.a., offering loan amounts of up to Rs.15 lakhs and repayment tenures of up to 2 years (24 months). They cater to various needs by providing pre-approved instant personal loans to selected customers and offering options such as travel loans, used car loans, two-wheeler loans, medical loans, and marriage loans.
Dhani Personal Loan Overview
| Loan Details | Specifications |
|---|---|
| Loan Amount | Rs.1,000 to Rs.15 lakhs |
| Repayment Tenure | 3 months to 2 years |
| Interest Rate | 13.99% p.a. onwards |
| Processing Fees | Starts at 3% |
| Occupation | Salaried or Self-employed |
Key Features of Dhani (Indiabulls) Personal Loan
- Online Process – The entire process is digital, simple, and hassle-free, enabling easy access to personal loans from Indiabulls Dhani.
- Loan Amount – Customers can avail loans ranging from Rs.1,000 to Rs.15 lakhs.
- Loan Tenure – Flexible repayment tenure of 3 months to 2 years.
- Interest Rate – Competitive interest rates starting at 13.99% p.a.
- Instant Disbursal – Post approval and verification, funds are disbursed instantly to the applicant’s bank account.
Dhani Personal Loan Eligibility Criteria
Dhani loans are available for salaried and self-employed individuals. While specific cut-offs for credit scores and monthly income haven’t been disclosed, the eligibility criteria typically consider:
- Credit score
- Monthly income
- Employer’s profile
- EMI/NMI ratio
- Loan repayment history
Dhani Personal Loan Interest Rates, Processing Fees, and Charges
| Charge Type | Details |
|---|---|
| Interest Rate | Starts at 13.99% p.a. |
| Processing Fees | Starts at 3% |
| Foreclosure/Prepayment Charges | After 6 months: 5% |
| Late Payment Penalty | 3% per month |
| Bounce Charges | Salaried: Rs.400; Self-employed: Rs.750 |
| Stamp Duty | As per applicable laws |
| Other Charges | Loan cancellation, re-booking, duplicate NOC, etc. vary from Rs.500 to Rs.3,000. |
Example Calculation
If Pawan avails a personal loan of Rs.5 Lakhs at 13.99% p.a. for 1 year:
- Monthly EMI: Rs.44,891
- Total Interest Payable: Rs.38,694
- Total Amount Repayable: Rs.5,38,694
Documents Required for Dhani Personal Loan
Applicants need to submit the following:
- PAN Card
- Personal details (name, address, occupation, income, etc.)
- Address Proof – Voter ID, ration card, utility bills, etc.
- Bank Details
Frequently Asked Questions
1. How long does it take for Dhani Personal Loan disbursement?
Loan disbursal is instant after approval, as the process is completely digital. Pre-approved loans for existing customers are also available.
2. Is my personal information safe with Dhani?
Yes, Dhani ensures the confidentiality and security of your data. They do not share personal information with third parties.
3. Where can I apply for Dhani Personal Loans?
You can apply through the Dhani App, available on Google Play Store and Apple Store.
4. Can I foreclose my Dhani loan?
Yes, foreclosure is allowed after 6 months. Prepayment charges of 5% apply for loan amounts above Rs.20,000.
5. Does Dhani offer fixed or floating interest rates?
Dhani provides loans at fixed interest rates.
6. What is the minimum credit score required?
While Dhani hasn’t disclosed a minimum requirement, a credit score of 750+ is generally preferred for better offers.
Pros and Cons of Dhani Personal Loan
| Pros | Cons |
|---|---|
| Safe and secure application | Poor customer care service |
| Multiple loan options | Technical issues reported |
| Instant loan disbursement | Concerns about authenticity |
| User-friendly app interface |
Dhani Personal Loan App Ratings & Reviews
| Metrics | Details |
|---|---|
| Play Store Rating | 3.4/5* |
| Number of Downloads | 5 Crore+ |
| User Reviews | 20,71,090 |
| Content Rating | 3+ |
| App Size | 19 MB |
Dhani Personal Loan Customer Care
- Helpline: 0124-6555-555 (8:00 AM to 8:00 PM)
- Email: support@dhani.com
- Mumbai Office: One International Centre, Senapati Bapat Marg, Mumbai – 400013
- Gurugram Office: Plot No. 422 B, Udyog Vihar, Phase-4, Gurugram – 122016
Comparison with Other Lenders
| Lender | Max Loan Amount | Interest Rates | Processing Fees |
|---|---|---|---|
| Dhani | Rs.15 Lakhs | Starts at 13.99% p.a. | Starts at 3% |
| Kissht | Rs.1 Lakh | 15% to 25% p.a. | 2% to 5% |
| Paysense | Rs.5 Lakhs | 16% to 36% p.a. | Up to 2.5% |
| Loan Tap | Rs.10 Lakhs | 12% to 25% | Up to 2% |
| Navi | Rs.20 Lakhs | Starts at 9.9% p.a. | Nil (above Rs.50,000) |
Conclusion
Indiabulls Dhani Personal Loans cater to diverse needs with loan amounts of up to Rs.15 Lakhs and flexible tenures. While the app is user-friendly and the loan process is quick, users have expressed dissatisfaction with customer care services and technical glitches. Ensure you compare all lenders thoroughly and review customer feedback before making a decision.