DMI Finance Personal Loan Apply Online: Features & Benefits

 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 is entirely paperless and 100% digital.

DMI Finance Instant Digital Personal Loans are offered through channel partners such as MoneyView, CredRight, and StashFin, and sourcing channels, i.e., Samsung Finance, Google Pay, and Airtel. DMI Finance delivers a wide range of personal loans, such as marriage loans, vehicle loans, travel loans, etc.

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%

Factors 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 loans 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 and Charges 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 a 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 Aadhaar 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.

The applicant must have Indian citizenship.

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

Mobile number must be linked with Aadhaar card.

Last 3 months’ salary slips

Statement of account for the last 6-12 months from the 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 queries related to personal loans, you can call DMI Finance Loan Customer Care at: 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. There may be separate bounce charges levied by your bank based on your account category. While it may reflect that these charges are debited towards DMI Finance, it is 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 loan to some selected Customers only, if the loan offer is available on your profile, it will reflect on portal under “Offers” section.