Indiabulls Dhani Personal Loan

Indiabulls Dhani Personal Loan: A Revolution in the Financial Landscape

In the fast-changing world of finance, financial service providers are more concerned about the latest technologies coming up in the market. Therefore they are spending money to leverage ground-breaking technology to enhance their service delivery mechanism. Their goal is to provide a user-friendly website with better reload than before. Indian Consumer Finance Limited (ICFL) is one such company, that transformed the way how people used to acquire loans. Earlier, for any wedding, vacation, or business plan, people had to visit the branch and fill out comprehensive documents to get their loans sanctioned but with the introduction of the Dhani App by Indiabulls people can now get access to personal loans quickly without leaving their comfort, directly in their bank account. One just needs to submit his PAN card and address proof to get access to hassle-free loans ranging from ₹1,000 to ₹15 lakhs. The interest rate charged on these loans is 13.99% depending upon various factors such as the borrower’s credit profile, loan amount, and tenure. Also, the processing fees charged are 1.5%-6% of the loan which is considered competitive in the market. The company’s transparency in sharing the loan-associated fees and interest rate details helps in making the borrower fully aware of the cost he has to bear upon taking the loan.

Details of Dhani’s Quick and Ease Finance

Indiabulls Dhani offers personal loans starting from an annual interest rate of 13.99%. With a streamlined application process, eligible borrowers can access these loans within just 3 minutes. The table below outlines the comprehensive details of the Indiabulls Dhani Personal Loan:

Dhani’s Personal Loan Special Feature Details

Spin the Wheel- It’s a way by which Dhani encourages and celebrates its customers for their loyalty. Using this fun element, Dhani enhances the overall experience of the users and provides valuable rewards that can be redeemed for various services and purchases within the app. By Spinning the wheel one stands a chance to earn Dhani Fortune and win up to 250 Dhani Points worth ₹500.

Indiabulls Dhani Personal Loan Eligibility Criteria

There are eligibility criteria set by Indiabulls Dhani for their loan dispense:

Strengths of Indiabulls Dhani Personal Loan

Quick Online Access:  Dhani’s Personal Loan can be acquired quickly in a fast and effective way, allowing users to secure loan approval and disbursement of money instantly. It is useful for those who are in urgent need of finance.

Simple Documentation Process: Dhani simplifies the loan approval process by decreasing the paperwork and facilitating an app-based facility that users can utilize to get instant access to loans. Users need to upload their PAN card and address proof online to submit their application for loan approval.

Competitive Interest Rates: The interest rate charged by Dhani is only 13.99% per annum which stands affordable and competitive from the industrial perspective.

Versatile Loan Options: Dhani provides personal loans for various financial requirements such as weddings, home renovations, medical expenses, or any other personal obligation.

Flexible Repayment Terms: Borrowers can choose from flexible repayment tenures, allowing them to repay the loan over a period that best suits their financial situation, ranging from short-term to longer-term options.

No Collateral Required: Unlike secure loans that require collateral as a security against the loan, Dhani’s loans are easy to borrow without taking the risk of losing assets.
Comprehensive Vehicle Financing: Dhani also provides personal loans against the purchase of any vehicle, covering its full value. This feature makes it easier for users to finance their dream vehicle, whether it’s a bike or a car.

Weaknesses of Indiabulls Dhani Personal Loan

Lower Maximum Loan Limit- Dhani’s loans offer a maximum loan limit of ₹15 lakhs while its competitors like HDFC Bank, Citi Bank, and ICICI Bank, their maximum loan limit goes up to ₹25-40 lakhs giving borrowers access to a large sum of money and allowing them to make luxury purchases.

Higher Interest Rates– Dhani’s interest rate which is 13.99% is higher than that of its competitors which begins from 10.5% to 11%, providing users with a burden of higher repayment value.

Higher Processing Fees– Dhani charges processing fees of 1.5%-6% of the overall loan value while its competitors’ fees start from 1% and go up to 2.5%, making loans expensive for the users
Lower Tenure Size– Dhani’s repayment tenures range from 3 to 36 months while its competitors offer tenure up to 60 months, making it difficult for borrowers who are looking for lower monthly EMI payment

Indiabulls Dhani Personal Loan Products & Services

Dhani caters to the variety of needs of an individual through its products and services. These are:

Personal Loans

• Indiabulls Dhani provides unsecured loans for a variety of purchases such as weddings, buying a new house, business funding, etc without demanding any security as collateral in exchange.
• It facilitates customers to avail of top-up loan option which allows them to acquire more loans over their existing loan without the need of applying for a new loan.
• Customers who have net banking facilities with major banks such as SBI, Axis Bank, HDFC Bank, Yes Bank, and ICICI Bank can enjoy the convenience of instant personal loans through the Indiabulls Dhani app.
• Users don’t need to do traditional paperwork to acquire loans. Their entire process works online. One just needs to visit the Dhani app, select the loan amount, and submit the PAN card and address proof as evidence for loan approval.
• The loan is directly disbursed into the applicant’s account allowing them to save time and get quick access to the funds required.
• Their entire process is completely transparent with clear terms and conditions.

Two Wheeler & Car Loan

• Dhani allows you to borrow a loan to buy your dream car, scooter, or bike with 100% of its value covered by the company and no need for a down payment.
• Their loan-acquiring process becomes more simple as they don’t demand any collateral security against the purchase of the vehicle.
• Their app allows you to quickly estimate your monthly EMI payments based on the loan amount, tenure, and interest rate which can help you in choosing manageable loan tenure before making any commitment.

Travel Loan

• Dhani’s travel loan allows you to explore new places in the world by making funds easily available for you.
• It helps you to enjoy your vacation without taking the stress of funds or depleting your savings for the trip.
• It allows you to not only plan a domestic trip but also fulfill the dream of traveling abroad.
• Their travel loan covers a range of expenses related to your trip, including flight tickets, hotel accommodation, food, and more.

Medical Loan

• Dhani helps you cover your unforeseen medical emergencies and get your treatment without worrying about the funds.
• It removes hindrances to medical treatment by providing loans ranging from ₹1,000 to ₹15 lakhs, covering all your medical expenses such as hospital bills, treatment costs, surgery costs, and medicinal costs.
• The whole process of Dhani is managed through the Dhani app making it convenient and accessible to acquire loans in case of emergency.
• The money is also directly credited to the user’s account allowing him to save time and stay less worried about the finances.

Dhani Points

• It is a reward-based program designed to offer cashback benefits to active loan takers.
• Each Dhani Point received by the individual is worth ₹2 which can be used for various purposes such as shopping, bill payments, gift vouchers, or even transferred to a bank account.
• When a new user uses the Dhani loan service, Indiabulls grants him a welcome bonus of ₹15.
• They give a referral amount of 250 Dhani Points if an individual refers the Dhani app to any of his family or friends. This helps him to earn through referrals and the company to grow its customer base, creating a win-win situation for both of them.
• One will earn 20 Dhani Points if he does mobile recharge, bill payments, or buy gift vouchers on the Dhani App. This is applicable for a maximum of 3 transactions every month,  allowing users to accumulate points through routine transactions.
• 20 Dhani Points are received for each booking of bus tickets, flights, or hotel accommodations made via the Dhani app which adds value to the travel expense.
• 75 Dhani Points are received when a customer opts for more loans within the Dhani App. 
• incentivization is done to encourage the customer to take more loans.

Dhani Wallet

• Dhani allows users to store and manage their funds digitally using the Dhani wallet service. It allows them to do safe and secure transactions wherever and whenever they want.
• It allows you to save money on your purchases by receiving exclusive discounts and offers on transactions through Dhani Wallet.
• It encourages the buying habit of the customers by providing Dhani Points on their purchases that can be redeemed to fulfill various financial needs.
• It enhances the customer experience by integrating various financial services within their ecosystem and reducing their need to keep multiple payment apps in their phones.

Spin The Wheel

• It’s a reward-based fun activity designed for the users to provide them with the opportunity to earn Dhani Fortune and win upto 250 Dhani Points worth ₹500.

Dhani Credit Line

• It is a virtual credit product that simplifies your shopping and transactions by allowing you to make purchases within a pre-determined credit limit.
• It allows you to make the purchase of your favorite product in 3 simple EMIs without the need to pay additional charges for your purchase.
• Based on your repayment capacity you can set your own limit as well, allowing you to plan your financial goals effectively that fit your spending habits.
• It also provides Dhani Points and a specific percentage of cashback on their purchases for making purchases through the Dhani Credit Line.
• It allows you to make transactions at over 30 lakh Rupay merchants, giving you exposure to a wide range of retailers to make your purchases.
• You can monitor your limit, cashback, and Dhani Points received in the Dhani app and plan your spending accordingly.

Indiabulls Dhani Personal Loan Feature

Indiabulls Dhani Personal Loan Charges

Here is a list of all the possible charges that will be imposed on your loan to give a clear idea about Indiabulls Dhani Personal Loan processing.

Indiabulls Dhani Personal Loan Customer Care Details

• Customer Support Email – service_dhani@indiabulls.com
• Customer Support Toll-Free No – 1860 419 3333
• Customer Support Chat Facility – Yes
• Customer Support Whatsapp Number – 7045567408

Indiabulls Dhani Personal Loan Calculator and Download Links

Here is a list of all the important links related to Indiabulls Dhani Personal Loan.

Indiabulls Dhani Personal Loan Application Process Details

• Download the Dhani App from the Play Store or the App Store or visit the official website and create your account to apply for a loan.
• Enter your mobile number and OTP to get verified.
•  Provide the asked personal information like your name, date of birth, contact details, and address to complete the registration process.
• Upload the PAN card, address proof, and other required documents as evidence document for availing the loan.
• Select the amount you want between ₹1,000 and ₹15 lakhs.
• Check the details before submitting to avoid delay in the process. Read the Terms and Conditions, interest rate, and chargeable fees details carefully. Once agreed, click on the submit button to confirm your application.
• You will receive a confirmation message of your form.
• Once all the documents are verified, you will receive quick access to your funds directly into your bank account.

Indiabulls Dhani Personal Loan Documents Requirements

Below given is the list of the documents that you will be required to complete your loan application.