Dhani Personal Loan Review 2024: Is Dhani Loan Safe?

dhani-personal-loan-review
dhani-personal-loan-review

Dhani Personal Loan Review 2024: Dhani is a popular online lender that offers personal loans to salaried professionals and self-employed individuals.

In this blog post, we will review Dhani Personal Loan in detail, including how to get a loan, eligibility criteria, interest rates, other charges, how to apply online, and benefits.

We will also compare Dhani Personal Loan to other personal loans on the market, so you can make an informed decision about whether or not this is the right loan for you.

What is Dhani Personal Loan?

Dhani Personal Loan is a short-term loan offered by Dhani Loans and Services, an NBFC registered with the Reserve Bank of India. The loan can be availed by salaried professionals and self-employed individuals. The loan amount ranges from Rs. 1,000 to Rs. 15 lakhs and the tenure is up to 36 months. The interest rate starts at 13.99% p.a.

The application process for a Dhani Personal Loan is online. You can apply for the loan through the Dhani app or the Dhani website.

The processing time for a Dhani Personal Loan is usually 24-48 hours. The loan amount will be transferred to your bank account once the application is approved.

Types of Dhani Personal Loans

Dhani offers a variety of personal loans, each with its own set of features and benefits. Here are some of the most popular types of Dhani personal loans:

  • Instant Personal Loan: This is a quick and easy loan that can be approved in minutes. The loan amount is up to Rs. 15 lakhs and the interest rate starts at 13.99% p.a. The repayment tenure is 3 months to 36 months.
  • No-EMI Personal Loan: This is a loan that does not require you to make any EMI payments. Instead, you pay a lump sum amount at the end of the loan tenure. The loan amount is up to Rs. 1 lakh and the interest rate starts at 15.99% p.a. The repayment tenure is 3 to 24 months.
  • Flexi Personal Loan: This is a loan that allows you to adjust the loan amount and repayment tenure according to your needs. The loan amount is up to Rs. 15 lakhs and the interest rate starts at 13.99% p.a. The repayment tenure is 3 months to 36 months.
  • Dhani Credit Line: This is a line of credit that you can use as needed. The loan amount is up to Rs. 1 lakh and the interest rate starts at 15.99% p.a. The repayment tenure is up to 36 months.

To find out which type of Dhani personal loan is right for you, you should consider your individual circumstances, such as your credit score, income, and debt-to-income ratio. You can also compare Dhani personal loans with other lenders to find the best deal.

Dhani Personal Loan Benefits & Key Features

  • Quick and easy application process: You can apply for a Dhani Personal Loan online through the Dhani app or website. The application process is quick and easy, and you can get an instant decision.
  • Minimal documentation: You only need to provide a few documents to apply for a Dhani Personal Loan, such as your PAN card, Aadhaar card, and latest salary slip. This makes the application process quick and easy.
  • Instant loan approval: If you are approved for a Dhani Personal Loan, the funds will be transferred to your bank account instantly. This means that you can get the money you need quickly and easily.
  • Competitive interest rates: Dhani Personal Loan offers competitive interest rates starting at 13.99% p.a. This means that you can save money on your monthly payments.
  • Flexible repayment options: You can choose to repay your Dhani Personal Loan over a period of 3 months to 36 months. This gives you flexibility in terms of how long you want to repay the loan.
  • Minimal documentation: You only need to provide a few documents to apply for a Dhani Personal Loan, such as your PAN card, Aadhaar card, and latest salary slip. This makes the application process quick and easy.
  • 24/7 customer support: Dhani offers 24/7 customer support, so you can get help with your loan anytime, day or night.

Overall, Dhani Personal Loan is a good option for borrowers who are looking for a quick and easy way to get a personal loan. The loan amount and tenure are flexible, and the interest rates are competitive. However, it is important to compare interest rates and fees before you apply for a loan.

Dhani Personal Loan Eligibility

  • Age: You must be at least 21 years old and not more than 65 years old.
  • Citizenship: You must be a citizen of India.
  • Occupation: You must be a salaried professional or a self-employed individual.
  • Income: You must have a minimum monthly income of Rs. 15,000.
  • Credit score: You must have a minimum credit score of 750.
  • KYC: You must complete the KYC process, which includes providing your PAN card, Aadhaar card, and bank account details.

If you meet all of these criteria, you may be eligible for a Dhani Personal Loan. However, it is important to note that Dhani may have other eligibility criteria that are not publicly disclosed.

To check your eligibility for a Dhani Personal Loan, you can apply online through the Dhani app or website. The application process is quick and easy, and you will be able to get an instant decision.

Dhani Personal Loan required documents

  • PAN card: This is a unique identification number issued by the Income Tax Department.
  • Aadhaar card: This is a 12-digit identification number issued by the Unique Identification Authority of India (UIDAI).
  • Latest salary slip for salaried: This is a document that shows your monthly income.
  • Bank statement for the past 3 months for self-employed: This is a document that shows your bank transactions for the past 3 months.
  • A Selfie: A Latest Selfie.

Dhani Personal Loan Apply Online

dhani-personal-loan-apply-online
dhani-personal-loan-apply-online
  1. Download the Dhani Personal Loan app from the Google Play Store or Apple App Store.
  2. Open the app and create an account.
  3. Enter your personal details, such as your name, email address, phone number, and PAN card number.
  4. Upload your KYC documents, such as your Aadhaar card and address proof.
  5. Select the loan amount and tenure that you want.
  6. Submit your application and wait for approval.

If your application is approved, the loan amount will be credited to your bank account within minutes.

Dhani Personal Loan Interest Rate

The interest rate on a Dhani Personal Loan starts at 13.99% p.a. The interest rate you are offered will depend on your credit score, income, and other factors.

Here are some of the factors that affect the interest rate you are offered on a Dhani Personal Loan:

  • Your credit score: The higher your credit score, the lower the interest rate you will be offered.
  • Your income: The higher your income, the lower the interest rate you will be offered.
  • Your employment status: If you are employed, you will be offered a lower interest rate than if you are unemployed.
  • Your debt-to-income ratio: Your debt-to-income ratio is the amount of debt you have compared to your income. A lower debt-to-income ratio means that you will be offered a lower interest rate.

If you are interested in applying for a Dhani Personal Loan, you can do so online through the Dhani app or website. The application process is quick and easy, and you will be able to get an instant decision.

Dhani Personal Loan Other Charges

  • Processing fee: The processing fee for a Dhani Personal Loan is 3% of the loan amount. This is a standard processing fee for personal loans.
  • Late payment charges: If you make a late payment on your Dhani Personal Loan, you will be charged a late payment fee. The late payment fee is 2% of the outstanding balance.
  • Prepayment penalty: If you repay your Dhani Personal Loan early, you may be charged a prepayment penalty. The prepayment penalty is 3% of the outstanding balance.

It is important to be aware of these charges before you apply for a Dhani Personal Loan. These charges can add up, so it is important to make sure that you can afford them.

Dhani Personal Loan Foreclose

Dhani Personal Loan foreclosure is a process that can be initiated by Dhani if you default on your loan payments. If you default on your loan payments, Dhani may contact you to try to work out a payment arrangement. If you are unable to make the payments, Dhani may foreclose on your loan.

When Dhani forecloses on your loan, they will take possession of your collateral. If you have a car loan, they may repossess your car. If you have a home loan, they may foreclose on your home.

If Dhani forecloses on your loan, you will still be responsible for paying the outstanding balance of the loan. You may also be responsible for paying late payment fees and other charges.

Dhani Personal Loan Customer Care Number

If you have any inquiries or need assistance regarding Dhani Personal Loans, you can contact them using the following details:

Customer Service Centre Hours: 8:00 AM to 8:00 PM

Dhani Loans Customer Care Number: 0124-6555-555

Email: [email protected]

Also Read: Money View personal loan 2024: Is money view approved by RBI?

What is Dhani?

Dhani is a financial technology company that provides a variety of financial products and services, including personal loans, business loans, insurance, and investment products. It was founded in 1995 by Sameer Gehlaut.

Dhani’s app offers a variety of financial products, including personal loans, business loans, insurance, and investment products. It also offers a healthcare marketplace where users can buy medicines, book doctor appointments, and get lab tests done.

Dhani is a registered NBFC with the Reserve Bank of India. It has over 100 million users and has disbursed over Rs. 50,000 crores in loans. Dhani is headquartered in New Delhi, India, and has offices in other major cities across the country.

Is Dhani Loan Safe?

Dhani Loans and Services is a legitimate NBFC registered with the Reserve Bank of India. However, there have been some reports of identity theft and fraud involving the app. In 2022, several users reported that their PAN data had been used fraudulently to open accounts and take loans from the app. This resulted in their credit scores being affected.

Dhani has acknowledged these incidents and has taken steps to improve security. They have implemented new KYC verification processes and have partnered with a third-party security firm. However, it is important to be aware of the risks involved in taking a loan from any online lender, including Dhani.

Also Check: What is Navi Personal Loan 2024: Is Navi loan app RBI approved?

Dhani Personal Loan Review 2024

FAQs

Q. What is the minimum loan in Dhani?

The minimum loan amount for a Dhani Personal Loan is Rs. 1,000. The maximum loan amount is Rs. 15 lakhs. The loan amount is determined by your income, credit score, and other factors.

Q. How do I apply for a Dhani Personal Loan?

You can apply for a Dhani Personal Loan online through the Dhani app or website. The application process is quick and easy, and you will be able to get an instant decision.

Q. What is the repayment tenure for a Dhani Personal Loan?

The repayment tenure for a Dhani Personal Loan is 3 months to 36 months. This gives you flexibility in terms of how long you want to repay the loan.

Q. What are the risks of a Dhani Personal Loan?

High interest rates, Late payment charges and Other hidden charges are the risks of a Dhani Personal Loan

Q. Is Dhani loan real or fake?

Dhani Loans and Services is a real NBFC registered with the Reserve Bank of India. It offers a variety of financial products, including personal loans, business loans, insurance, and investment products. It is a legitimate company, but there have been some reports of identity theft and fraud involving the app. In 2022,

Q. What is the processing fee for a Dhani Personal Loan?

The processing fee for a Dhani Personal Loan is 3% of the loan amount. This is a standard processing fee for personal loans.

Q. What is the interest rate on a Dhani Personal Loan?

The interest rate on a Dhani Personal Loan starts at 13.99% p.a. The interest rate you are offered will depend on your credit score, income, and other factors.

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