DMI Finance Personal Loan offers a flexible tenure of up to 5 years at an interest rate starting from 12% per month. If you require an Instant Personal Loan online, you can apply for a Personal Loan that is entirely paperless and 100% digital.
DMI Finance offers instant Digital Personal Loans through channel partners such as MoneyView, CredRight, and StashFin and sourcing channels such as Samsung Finance, Google Pay, and Airtel. DMI Finance delivers a wide range of personal loans for marriage, vehicle, travel, etc.
Contents
- 1 DMI Finance Personal Loan Apply Online Details
- 1.1 DMI Finance Personal Loan Interest Rate
- 1.2 Fees of DMI Finance Personal Loan
- 1.3 Features of DMI Finance Personal Loan
- 1.4 Eligibility Criteria for DMI Finance Personal Loan
- 1.5 DMI Finance Loan Payment
- 1.6 DMI Finance Loan Customer Care
- 1.7 FAQ:
- 1.8 Why is there a bounce charge when I have paid my EMI?
- 1.9 How can I pay my EMI?
- 1.10 Can I get a loan from DMI Finance Pvt Ltd?
DMI Finance Personal Loan Apply Online Details
| DMI Finance Personal Loan Interest Rate | Competitive interest rates starting from 12% p.a. |
| Loan Amount | Rs 1000 to 25 Lakhs |
| Tenure | 2 months to 5 Years |
| Processing Fees | Up to 4% of the loan amount |
| Employment Type | Salaried and Self-Employed |
| Required Documents | PAN, Aadhar Card, Income Tax Return, Salary Slips, etc. |
| DMI Finance Loan Customer Care Number | 02268539500 08064807777 customercare@dmifinance.in |
DMI Finance Personal Loan Interest Rate
DMI Finance Loan interest rate starts from 12% p.a. If you need a personal loan from lenders (DMI Finance Channel Partners) here, you can get a loan of up to 25 lakhs. Lenders decide the interest rate based on repayment history, income structure, credit score, age, region, etc., which may differ from one customer to another.
Comparison of Personal Loan Interest Rates of Top Banks/NBFCs
| Name of the Lender | Rate of Interest (p.a.) |
| IIFL Finance Personal Loan | 12.75% to 33.75% |
| Home Credit | 12% to 36% |
| Bajaj Finance | 13% to 26% |
| Axis Bank | 10.99% to 21% |
| Bank of Baroda | 10.70 to 14.20% |
| EarlySalary App | 12% to 30% |
| IDFC First Bank | 10.49% to 24% |
| IndusInd Bank | 10.49% to 26.50% |
| Kotak Mahindra Bank | 10.99% to 19.20% |
| IVL Finance Limited Personal Loan | 13.99% p.a. Onwards |
| Tata Capital | 10.99% to 21% |
| L&T Finance | 11% to 19% |
Factor affecting personal loan interest rates
Age of the applicant: The interest charged on the personal loan can be more or less according to the applicant’s Age. Younger applicants have to pay less interest as the risk involved is less, and older applicants may have to pay more interest as the risk involved is higher.
CIBIL Score: The CIBIL score of the applicants is checked by the lenders while calculating the interest rate. CIBIL keeps a record of the old loan and credit card bills taken by us. If the applicant fails to repay his previous loans or credit card bills on time, the interest will be
Residential Location: The interest rate decided by the lenders can also be based on whether the applicant lives in an urban or semi-urban area. People living in urban areas can avail of personal loans at low interest rates.
Fees of DMI Finance Personal Loan
| Type of Charge | Amount |
| Interest Rate | Competitive interest rates starting from 12% p.a. |
| Processing Fees | Up to 4% of the loan amount + GST |
| Foreclosure Charges/Prepayment Charges | 2% to 5% basis product proposition |
| Bounce Charges | Rs 250 to Rs 450 on each instance |
| Stamp Duty | As per the applicable state laws |
| Duplicate repayment schedule | As per the lenders (DMI Finance Channel Partner) who are offering you a personal loan |
Features of DMI Finance Personal Loan
DMI Finance Personal Loan is a registered NBFC (Non-banking Financial Institution). If you want to Personal loan, you can check offers online. You can get a personal loan from DMI Finance with a few documents.
Instant Personal Loan Facility: DMI Finance, in collaboration with its lending partners, offers instant personal loan facilities ranging from ₹1000 to ₹1 lakh to its select customers at affordable interest rates with a flexible tenure of up to 24 months.
Loan Amount: The most special thing about DMI Finance is that it offers personal loans up to Rs 25 lakh to its customers on a single platform at attractive interest rates starting from 12% per annum.
Processing Fee: The processing fee is charged by the bank/NBFC for availing a personal loan. Processing fees range between 0.25% – 4% of the loan amount.
Digital Process: To provide easy access to loan services to its customers, DMI Finance has kept the process of applying for a personal loan completely digital. You also do not need to submit any documents manually. The customer can easily apply for the loan with the required documents like an Aadhar Card, PAN Card, Income Certificate, etc.
Tenure: Loan tenure starts from 2 months to 5 years depending on your loan amount. The final tenure will be decided by the lender’s team as per your eligible loan amount, interest rate, and credit profile.
Eligibility Criteria for DMI Finance Personal Loan
DMI Finance personal loans are provided to both salaried and self-employed applicants. However, the NBFC has not disclosed the exact eligibility criteria like age, credit score, minimum income, employer/business profile, etc. However, most lenders consider these factors for evaluating the personal loan eligibility of their loan applicants.
- The applicants must have a monthly income source.
- Applicant must have citizenship of India.
- Selfie
Documents Required for DMI Finance Personal Loan
DMI Finance has not mentioned the documents required for availing the personal loan digitally. However, most banks and NBFCs require the following documents from their loan applicants.
- Identity Proof: PAN (Permanent Account Number) Card, Passport, Voter’s ID, Driving license
- Address Proof: Aadhar Card, Driving License, Ration card, Passport, Electricity bill, Maintenance bill
- The mobile number must be linked with an Aadhaar card.
- Last 3 months’ salary slips
- Statement of account for last 6-12 months of Bank.
- For income proof: Salary slips (Last 3 months) for salaried personal loan applicants, Audited balance sheet and Profit & Loss account for self-employed loan applicants.
DMI Finance Loan Payment
Auto-debit: Enjoy the convenience of paying directly from your bank account with auto-debit facilities. If you have registered Auto-Debit (NACH), the EMI payment will be automatically debited from your account on the EMI due date
Online: You can pay your loan EMIs online quickly. You can use NEFT, UPI, etc., and pay your EMIs online.
DMI Finance Loan Customer Care
If you have any query related to personal loans, you can call DMI Finance Loan Customer Care Number: 02268539500 | 08064807777
+91 114120444
Whatsapp Number: +91 9350657100
You can also mail your query to: customercare@dmifinance.in
Registered Office Address
DMI Finance Pvt. Ltd.
Express Building, Third Floor, 9-10.
Bahadur Shah Zafar Marg,
New Delhi – 110002, India.
FAQ:
Why is there a bounce charge when I have paid my EMI?
DMI may collect a bounce charge in case the EMI presented bounces. Your bank may levy separate bounce charges based on your account category. While these charges may be debited towards DMI Finance, they are a fee collected by the bank as a penalty.
How can I pay my EMI?
If you have registered Auto-Debit (NACH), the EMI payment will be automatically debited from your account on the EMI due date. You can make your EMI payment through online banking.
Can I get a loan from DMI Finance Pvt Ltd?
DMI currently do not provide loans directly to customers. But, DMI currently offers loans to some selected Customers only, if the loan offer is available on your profile, it will reflect on the portal under the “Offers” section.
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