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DMI Finance offers personal loans to individuals from Rs.10,000 to Rs.10,00,000 for a flexible tenure of 4 years. The interest rate for these personal loans ranges between 14.25% to 24.90%. Make use of the DMI Personal Loan to meet any pressing financial requirements. It could be your wedding, travel, hospital expense, or any other unplanned expenditures. Right from the application stage, assessment, disbursal, and repayment process each and every step is simple and easy process.
DMI Finance Personal Loan Details
The following are the list of details that comes with the DMI Finance. They are:
Feature | Details |
|---|---|
Loan Amount | ₹10,000 to ₹10 lakh |
Interest Rate | 14.25% to 24.90% per annum |
Loan Tenure | 3 to 48 months |
Processing Charges | Up to 3.95% of the loan amount |
Overdue Charges | 1% to 4% p.m. on the overdue amount |
Prepayment/Foreclosure Charges | 2% to 5% of the outstanding principal amount |
Late Payment Fees | Rs.550 + GST for the loan amount up to Rs.75,000 Rs.650 + GST for the loan amount between Rs.75,000 and Rs.1,00,000. Rs.750 + GST for the loan amount above Rs.1,000,000. |
Key Features of DMI Finance Personal Loan
The following are some of the key features of the DMI Finance Personal Loan. They are:
- Loan amounts range from Rs.10,000 to Rs.10,00,000.
- The repayable Tenure ranges between 3 months to 48 months.
- Interest Rates ranging between 14.25% p.a. to 24.90% p.a.
- Money gets credited into your account within a span of 3 hours.
- No collateral is required.
- Complete digital process.
- The loan processing is made simple and seamless with a smooth and hassle-free experience.
- Available for both salaried and self-employed professionals, provided you meet the eligibility criteria.
- No hidden charges. All the charges, such as processing fees, prepayment charges, and foreclosure charges, are disclosed upfront.
- Basic KYC details and income proof details are required to process the application.
DMI Finance Personal Loan Interest Rates 2025 – Latest Update
As of 2025, DMI Finance offers personal loans at interest rates ranging from 14.25% to 24.90% per annum. The exact rate of interest depends on several factors such as the applicant’s credit score, income level, employment type, and repayment capacity.
DMI Finance Personal Loan Eligibility Criteria
DMI Finance Personal Loan is offered to salaried and self-employed professionals. The NBFC has not been transparent regarding the eligibility criteria to obtain personal loans. The following are some of the main criteria that any NBFC would consider before granting a personal loan.
- Age: 23 to 52 Years.
- Income: Minimum of 25,000 per month.
- Work Experience: Minimum of 1 year. However, some lenders might expect 2 years.
- Credit Score: Minimum of 700 and above.
Required Documents for Personal Loan DMI Finance
The following is the list of documents that are required for the Personal Loan DMI Finance. They are:
- ID Proof: Passport, PAN card, Voters ID card, Aadhar Card, Driving License
- Address Proof: Aadhar card, Driving License, Ration card, Passport
- Income Proof: Last 3 months' salary slips for salaried professionals
- Audited profit & loss account, balance sheet for self-employed professionals
Required Documents for Personal Loan DMI Finance
The following is the list of documents that are required for the Personal Loan DMI Finance. They are:
- ID Proof: Passport, PAN card, Voters ID card, Aadhar Card, Driving License
- Address Proof: Aadhar card, Driving License, Ration card, Passport
- Income Proof: Last 3 months' salary slips for salaried professionals
- Audited profit & loss account, balance sheet for self-employed professionals
How to Apply for DMI Finance Personal Loan Online?
To apply for the DMI Finance personal loan, you need to follow the instructions given below:
- Download the DMI Finance App from the Play Store.
- Open the DMI Finance app and log in through your mobile number.
- Click the “Apply Personal Loan” to begin your application journey.
- Enter the personal and employment details. This includes employment type, monthly income, educational qualifications, residential address.
- Enter the bank account details to allow DMI Finance to verify your income details securely.
- Select the loan amount along with the repayment tenure that suits your requirements.
- Select the e-KYC process by entering the Aadhar details.
- Review your address, then provide the bank account details to enable automatic EMI payments.
- Accept the loan terms and conditions.
- Your application will be submitted for review. Within a few hours, you will be notified of your loan approvals.
How to Check DMI Finance Personal Loan Status
- In order to check the DMI Finance Personal Loan status,
- Log in to the DMI Finance Customer Portal or log inside using your registered mobile number after keying in your OTP number.
- You can also make use of the DMI Finance Loan app or contact customer service and ensure you have your login credentials with you.
- Navigate to the dashboard to find the “Payments Summary” or “View” section to see your EMI details and other loan details.
By using the DMI Finance app:
- Download the DMI Finance app from the play store.
- Log in using the registered mobile number.
- The app helps you find your loan details. This includes the next EMI due date.
Contact Customer Service
- If you have any questions or face any issues, you can also get in touch with the DMI Finance Customer Care for assistance.
DMI Finance Personal Loan Customer Care Number
Customers can get in touch with the various toll-free numbers to get assistance with your loan application, check their loan information, get a status update, get repayment or pre-payment support, loan restructuring information, grievance redressal, and various account updates.
Some of the places where consumers can raise their queries include:
- Customer Portal: https://portal.dmifinance.in/
- Customer Care Helpline: 02268539500 | 08064807777
- WhatsApp: +91 9266733650
- Email ID: customercare@dmifinance.in
Frequently Asked Questions
1. Does DMI Finance Offer Personal Loans?
Yes, DMI Finance offers personal loans to both salaried and self-employed individuals. The loan amount typically ranges from ₹50,000 to ₹5 lakh, and the entire process is 100% digital and paperless. Borrowers can apply through the DMI Finance app or partner platforms with minimal documentation. With flexible repayment options and quick disbursal, DMI Finance personal loans are designed to meet short-term financial needs efficiently.
2. What is the minimum CIBIL score for DMI Finance?
The minimum CIBIL score required for a DMI Finance personal loan is 700 or above. Applicants with a score of 700+ are generally considered creditworthy and have a higher chance of quick approval with better interest rates. However, DMI Finance also evaluates other factors such as income stability, repayment capacity, and employment type before final approval.
3. Who is eligible to apply for the DMI Finance loan?
In order to apply for the DMI Finance loan, you need to be an indian resident between the age of 21 and 58 years of age. You need to have a stable source of income with a valid KYC and PAN card. Most of the NBFCs grant personal loan if the credit score is above 700.
4. Can I get a DMI Finance loan without salary slip?
Yes, you can get a DMI Finance personal loan without salary slips if you are self-employed. Self-employed applicants can provide alternative income proofs like bank statements or Income Tax Returns (ITRs) instead. The process is fully digital and requires minimal documentation.
5. How long does it take for DMI Finance to disburse a personal loan?
DMI Finance generally disburses a personal loan within 24 hours of approval. Once your application, documents, and KYC verification are successfully completed, the loan amount is credited directly to your registered bank account. In some cases, the process may take up to 2 working days, depending on verification and bank processing time.
Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Given that this type of data may change over time, we cannot guarantee the accuracy of the information supplied or included within it. It is anticipated that the user will confirm with the relevant source before making any choices or taking any actions.
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