Can I submit my employee ID card for proof of identity?

Only employee IDs issued by the government, defence, reputed MNCs, or public sector undertakings are accepted. Employee IDs by private companies do not act as ID proof.

How is the personal loan interest rate fixed?

The personal loan interest rate is fixed by the bank over the Marginal Cost of Funds based Lending Rate (MCLR). The interest rate changes as per the repo rate fixed by the RBI and the performance of the bank.

Can my loan application be rejected?

The bank, on receiving the loan application, will check your credit history to know if you have a sufficient income to repay the loan. Also, it will check if you have been regular in repaying previous loans, if any. If the bank finds that you have many instances of default payments or that you have a low credit score, it may reject your application.

Does the eligibility criteria remain the same for everyone?

The bank has the authority to decide if an individual is eligible to avail a loan or not. Hence, the eligibility criteria may differ from one case to another.

How is the repayment tenure decided?

At the time of loan application, you can decide the repayment tenure that you will require to repay the loan. In case of Dhanlaxmi Bank, the minimum repayment tenure is 1 year.

Dhanlaxmi Bank Personal Loan 2025 - Up to ₹15 Lakh

Dhanlaxmi Bank's personal loan offers excellent features, making it a great option for those facing a cash crunch and needing immediate funds to cover personal expenses.

Attractive interest rate
Flexible repayment tenure option
Low processing fee
Simple documentation

Updated On - 05 Sep 2025

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Dhanlaxmi Bank Personal Loan Features and Benefits

The Dhanlaxmi Bank offers exciting features which makes it an ideal choice to avail a personal loan from. Here are some of the features and benefits:

Loan Amount:The Dhanlaxmi Bank offers loans ranging from Rs.1 lakh to Rs.15 lakh for salaried persons and Rs.3 lakh to Rs.15 lakh for self-employed.
Documentation:The Dhanlaxmi Bank has a hassle-free and simple documentation process for applying for personal loans. Customers can either approach their nearest bank or log on to the official website of the bank for information about the procedure.
Repayment tenure:The Dhanlaxmi Bank offers flexible repayment tenures, i.e., 12 to 60 months.

Dhanlaxmi Bank Personal Loan Overview

Interest Rate - As per the rate fixed by the bank

Loan Amount - Up to Rs.15 lakh

Processing fee - Up to 2.5% per annum

Dhanlaxmi Bank Personal Loan Fees and Charges

Prepayment charges	2% + GST
EMI Late payment charges	36% per annum on outstanding balance from date of default payment
EMI cycle change	Rs.200
Loan cancellation charges	Rs.1,000 + GST
Foreclosure statement charges	Rs.200 + GST
Cheque swapping/bounce charges	Rs.500 + GST

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Documents Required for Dhanlaxmi Bank Personal Loan

If you wish to apply for a personal loan with Dhanlaxmi Bank, you will be required to submit the following documents:

Proof of identity	passport, Voter ID, PAN, etc.
Proof of age	birth certificate, college certificate, school leaving certificate, LIC policy
Proof of residence	driving licence, telephone bill, bank passbook
Signature verification	Driving licence, PAN, bankers certification
Continuity proof	Form 16, appointment letter, letter from authorised HR signatory
Income proof	Previous 3 pay slips and 6 months bank statement of the salary account

Eligibility for Dhanlaxmi Bank Personal Loan

Age	Minimum 23 years
Employment type	Employed with central/state government institution, profit-making firm, or a reputed organisation Self-employed professionals and non-professionals
Income requirement	Salaried: Rs.35,000 per month Self-employed: Rs.1.8 lakh per annum
Total work experience	Salaried: Minimum 3 years Self-employed professionals: 3 years Self-employed non-professionals: 4 years in current company

How the EMI calculation of Dhanlaxmi Bank Personal Loan work?

A personal loan is basically a special type of loan that does not require individuals to pledge collateral to get the loan, in most cases. Banks take into account the individual's credit history to decide whether the loan should be given to him/her or not.

Borrowers, after receiving the loan amount, are expected to start paying equated monthly installments (EMIs) for a specific tenure at a rate of interest decided by the bank. Here is an example to better understand how personal loans work.

Mr. Ashok required Rs.2.5 lakh to renovate his old house. He approached Dhanlaxmi Bank for a personal loan and agreed to return the amount in 1 year. The EMI schedule for the loan, at an interest of 8% plus 2% processing fee, is as given in the table below:

Month	Principal Paid(A) (in Rs.)	Interest Paid(B) (in Rs.)	Total Payment (A+B) (in Rs.)	Outstanding Loan Balance (in Rs.)
1	20,080	1,667	21,747	2,29,920
2	20,214	1,533	21,747	2,09,705
3	20,349	1,398	21,747	1,89,356
4	20,485	1,262	21,747	1,68,871
5	20,621	1,126	21,747	1,48,250
6	20,759	988	21,747	1,27,491
7	20,897	850	21,747	1,06,594
8	21,036	711	21,747	85,558
9	21,177	570	21,747	64,381
10	21,318	429	21,747	43,063
11	21,460	287	21,747	21,603
12	21,603	144	21,747	0

If you want to calculate the EMI in a similar manner for a different amount and interest rate, you can use our EMI calculator

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How Dhanlaxmi Bank Personal Loan Compares with other Personal Loans

Parameters	Interest rate	Processing fee	Maximum loan quantum	Foreclosure charges
Dhanlaxmi Personal Loan	As per the rate fixed by the bank	Up to 2.5% per annum	Up to Rs.15 lakh	Rs.200 + GST
Kalyan Janata Sahakari Bank Personal Loan	13.10% per annum onwards	0.75% of the loan amount sanctioned	Up to Rs.5 lakh	Nil
ICICI Bank Personal Loan	10.85% per annum onwards	Up to 2.25% + GST	Up to Rs.20 lakh	5% of the outstanding amount + applicable taxes

Personal Loan Offered by other Banks in India

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FAQs on Dhanlaxmi Bank Personal Loan

Can I submit my employee ID card for proof of identity?
Only employee IDs issued by the government, defence, reputed MNCs, or public sector undertakings are accepted. Employee IDs by private companies do not act as ID proof.
How is the personal loan interest rate fixed?
The personal loan interest rate is fixed by the bank over the Marginal Cost of Funds based Lending Rate (MCLR). The interest rate changes as per the repo rate fixed by the RBI and the performance of the bank.
Can my loan application be rejected?
The bank, on receiving the loan application, will check your credit history to know if you have a sufficient income to repay the loan. Also, it will check if you have been regular in repaying previous loans, if any. If the bank finds that you have many instances of default payments or that you have a low credit score, it may reject your application.
Does the eligibility criteria remain the same for everyone?
The bank has the authority to decide if an individual is eligible to avail a loan or not. Hence, the eligibility criteria may differ from one case to another.
How is the repayment tenure decided?
At the time of loan application, you can decide the repayment tenure that you will require to repay the loan. In case of Dhanlaxmi Bank, the minimum repayment tenure is 1 year.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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