Dhani loans and services, previously known as IndiaBulls Consumer Finance Limited, is a subsidiary of Dhani services limited. Application for the same can be filled out online. The loans are paperless and very easy to apply for and get access to. Here are some basic details that you should be aware of about IndiaBulls Dhani loan.
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What is dhani personal loan?
Dhani Personal Loan is a product offered by Dhani, a financial services platform that provides various financial solutions, including instant loans, health services, and more. It aims to provide customers with easy and quick access to funds to meet their financial needs without the traditional hassles associated with loan applications.
Dhani Loans and Services Ltd is a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI). While it offers banking-like services, it is not a bank. As an RBI-regulated NBFC, Dhani operates under specific guidelines set for consumer lending, ensuring accountability, transparency, and compliance with financial norms.
Features of Dhani personal loan
Instant Approval: One of the standout features of Dhani Personal Loan is the quick approval process. Most applications are processed within minutes, allowing borrowers to access funds immediately.
Flexible loan amounts: Dhani offers personal loans ranging from ₹1,000 to ₹15 lakhs, enabling borrowers to select an amount that fits their specific financial requirements.
Competitive interest rates: The interest rates on Dhani Personal Loans are competitive compared to those of traditional banks and financial institutions. Rates vary based on factors such as credit score and loan amount.
Flexible repayment options: Borrowers can choose from various repayment options, including tenure ranging from 3 months to 36 months. This flexibility allows borrowers to select a repayment plan that aligns with their financial capabilities.
No hidden charges: Dhani maintains transparency in its loan offerings, ensuring that there are no hidden charges or fees that borrowers need to worry about.
Online application process: The entire application process for a Dhani Personal Loan can be completed online, making it convenient for users who prefer a digital approach to banking.
Loan aagainst health services: Dhani also offers the option to secure loans against health services, making it a unique offering in the personal loan market.
Personal Dhani loan: How to apply
- The simplest way to apply is to call the customer care services of Dhani loans and services. You can call them on 0124-6555-555 anytime between 8 AM to 8 PM.
- You can also send an email to support@dhani.com.
- You can also send a request via post to the address- M-62,63 First floor, Connaught Place, New Delhi- 110001.
- The services offered by Dhani loans are pretty quick and good. A representative will soon get in touch with you to guide you through the process and simplify it all for you.
- They will guide you about the documents required and the verification of the same.
- Once the above process is complete, the loan shall be approved.
Dhani loan: Documents required
- PAN Card
- Proof of Address
- Bank Credentials
The documents need not be submitted at the branch of the lender. They can be uploaded on the mobile application or the web application.
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Eligibility for a Dhani loan
The individual applying:
- Must be aged 21 or above.
- Should be receiving a salary or should be self-employed.
- Must be an Indian citizen.
Minimum CIBIL score required for Dhani loan approval
While Dhani offers quick and paperless personal loans, your credit score plays a key role in determining whether your application is approved and at what interest rate. Like most financial institutions, Dhani checks your CIBIL score—a three-digit number that reflects your creditworthiness based on past borrowing and repayment behaviour.
To qualify for a Dhani loan, applicants are generally expected to have a minimum CIBIL score of 600 or above. However, this threshold can vary based on the loan amount requested and your income profile. Borrowers with a credit score above 750 are more likely to get:
- Faster approval,
- Lower interest rates,
- Higher loan limits.
On the other hand, if your CIBIL score is below 600, your application might be:
- Approved with a lower loan amount,
- Charged a higher interest rate (above the base 13.99% p.a.),
- Or even rejected, depending on other risk factors.
Dhani may still consider applicants with limited or no credit history (also called thin-file customers) based on alternate data points, but such loans may come with stricter terms.
It is advisable to check and improve your credit score before applying to improve your chances of approval and secure better terms.
Application process for Dhani personal loan
Applying for a Dhani Personal Loan is a straightforward process thanks to the digital platform Dhani provides. Here is a step-by-step guide to the application process:
- Download the dhani app: The first step is to download the Dhani app from the Google Play Store or Apple App Store.
- Register or log In: Create an account or log in to the app using your credentials.
- Check eligibility: Use the eligibility checker feature to determine if you qualify for a personal loan based on your income and credit score.
- Choose loan amount and tenure: Select the desired loan amount and repayment tenure according to your financial requirements.
- Fill out the application form: Complete the application form by providing necessary details such as personal, employment, and financial information.
- Upload documents: Upload the required documents as per the guidelines mentioned in the app.
- Submit application: After completing the form and uploading the documents, submit your application for review.
- Receive approval: Once your application is processed, you will receive approval and can access the funds directly into your bank account.
- Repayment: Follow the repayment schedule outlined in your loan agreement to avoid penalties and improve your credit score.
Banks listed for immediate loan disbursement
When considering a personal loan, the speed of disbursement is often a crucial factor for borrowers. Dhani Loans and Services Limited collaborates with several major banks in India to facilitate immediate loan disbursements. Here’s a look at some of the banks that offer quick loan approval and disbursement through Dhani’s platform:
- SBI
- Axis Bank
- HDFC Bank
- Yes Bank
- ICICI Bank
- RBL Bank
- Kotak Mahindra Bank
Why should you choose Dhani loans and services?
- Individuals with a good credit record can get a loan approved within minutes, and that too at an interest rate of 13.99% p.a.
- Dhani allows customers to get a personal loan for any purpose. Examples can be marriage, business, or even travelling.
- The customers can get the amount disbursed to their bank account instantly.
- The customers do not need to visit banks or any branches of the same. The loan can be availed from the comfort of their homes.
- The process is pretty quick and easy. It is also user-friendly.
- Applicants belonging to any state or region can apply from a common interface.
- There is no documentation required at all. The loan can be applied for from the mobile or web application.
Dhani loan: Benefits offered
- To avail of the loan, all you need to do is verify your identity via an Aadhar card or any other address proof. Once that is done, the amount will be sent to your account in just 3 minutes.
- You can apply for a loan from anywhere as the only requirement is having a mobile or a web application. This makes the process very easy and hassle-free.
- You can also manage and track the loan from anywhere. You can also pay your outstanding dues through your phone itself.
Dhani loan: Charges levied
| Type of Charge | Charge |
| Loan foreclosure | 5% for more than 6 months |
| Bounce Charge | Salaried- Rs 400; Self employed- Rs 750 |
| Late payment fee | 3% per month |
| Stamp duty charge | As per court |
| Duplicate NOC | Rs 500 per request |
| Charges for repayment mandate | Rs 500 per request |
| Loan cancellation charge | Rs 3,000 |
| Loan rebooking charge | Rs 1,500 |
| Statement of account | Rs 500 |
| Repayment schedule | Rs 500 |
No collaterals are needed to apply for a loan from Dhani Loans services. The interest rates are also fixed and not floating. The instalment cycle date can be set by the applicant during the loan application process and cannot be changed later. You also cannot apply with a co-applicant.
You can also apply through the offline mode if you find that better, but the process will take almost 7 days to be completed. The time may vary according to the submission of documents and their verification as well.
Check out: Read about IFSC code
Dhani loan helpline numbers
In case you didn’t get all the documents concerning your loan or have any doubts about the application process, you can contact 0124-6555-555 or write to support@dhani.com.
Dhani’s customer service will help solve your query or get back to you at the earliest.
Housing.com POV
Dhani Personal Loan presents an accessible and efficient solution for individuals seeking quick financial assistance. With its user-friendly digital platform, instant approval, competitive interest rates, and flexible repayment options, it stands out as a viable option in the personal loan market. However, borrowers should carefully assess their financial situation, understand the loan terms, and ensure they can manage the repayments before taking on any debt. By doing so, they can leverage Dhani Personal Loans effectively to achieve their financial goals and improve their overall economic health.
FAQs
How quickly can I get a Dhani Personal Loan?
Dhani Personal Loans typically offer instant approval and can disburse funds within minutes after approval, making them a quick financing option.
Can I apply for a loan online?
Yes, the entire application process for a Dhani Personal Loan can be completed online through the Dhani app.
Is a good credit score required?
While a good credit score enhances the chances of approval, applicants with lower scores may still be considered based on other factors such as income and employment stability.
What can I use a Dhani Personal Loan for?
The funds from a Dhani Personal Loan can be used for various purposes, including medical emergencies, travel, home renovations, or debt consolidation.
What happens if I miss a payment?
Missing a payment may result in late fees and could negatively impact your credit score. It is advisable to contact Dhani for assistance if you face difficulties in repayment.
Can I repay my loan early?
Yes, Dhani allows early repayment of loans, although prepayment penalties may apply. Check the terms and conditions for specific details.
What is the limit for Dhani loan?
Dhani loans have a limit of up to 15 Lakh.
Is Dhani RBI approved?
Yes, Dhani is an RBI-approved loan financing institution.
What is the minimum salary needed for Dhani loan?
You need a minimum of Rs. 15,000 Salary to avail Dhani loan.
Which company is Dhani loans?
Dhani loans comes under Indiabulls ventures limited.