Dhani Loan 2024: Eligibility, Benefits, Apply for 10 Lakh Loan @dhani.com

In today’s fast-paced world, financial emergencies can strike at any time, and finding a quick and convenient solution is crucial. Whether it’s an unexpected medical bill, home renovation, or any other urgent expense, getting access to instant funds can be lifesaving. Dhani Loan, a service provided by Dhani Services Limited (formerly Indiabulls Ventures), offers a solution that allows users to access personal loans easily and without the traditional banking hassle. With its fully digital process, Dhani has transformed how personal loans are accessed in India, offering instant approvals and minimal documentation requirements.

What is Dhani Loan?

Dhani Loan is an instant personal loan service that allows users to borrow money through the Dhani app or website, offering a quick and paperless experience. The loan amounts range from as low as ₹1,000 to ₹15 lakh, providing flexible financial solutions for various needs. The best part? The entire loan process from application to approval is completed digitally without requiring physical documentation or branch visits.

Since Dhani Loans are unsecured, borrowers do not need to offer any collateral, making it an ideal option for those who don’t own significant assets. Dhani Loan caters to salaried individuals, self-employed professionals, and small business owners alike, offering flexible repayment options tailored to meet various financial needs.

Dhani Loan 2024 Overview

Loan Amount	₹1,000 to ₹15 lakh
Interest Rate	Starting from 12% (varies by credit profile)
Loan Tenure	3 months to 36 months
Approval Time	Instant approval and loan disbursal within a few hours
Eligibility	Indian citizens aged 21+ with valid KYC documents
Documentation	Minimal – PAN card and Aadhaar card required
Collateral	No collateral required
Application Process	Fully digital through Dhani app or website
KYC Process	Online KYC with no physical documents required
Processing Fee	Minimal processing fee (deducted from loan amount)
EMI Calculator	Available in-app to customize loan tenure and EMI
Repayment	Flexible repayment options; 3 to 36 months
Penalty for Late Payment	Penalties apply for delayed EMI payments
Additional Benefits	Dhani OneFreedom card with zero-interest transactions and healthcare discounts
Availability	24×7 through the Dhani mobile app

Features of Dhani Loan

Instant Loan Disbursement

Dhani Loan stands out for its instant approval and disbursal process. Upon successful application and approval, the loan amount is transferred directly to your bank account, often within a few hours. This makes it a perfect option for emergency situations, where access to funds is required immediately.

Loan Amount Flexibility

You can borrow as little as ₹1,000 or as much as ₹15 lakh, depending on your requirement. Whether it’s a small need like paying off a utility bill or a larger expense like home improvement or medical treatment, Dhani Loan offers flexibility in choosing the loan amount based on individual needs.

Competitive Interest Rates

The interest rates on Dhani Loans are competitive, starting as low as 12%. The exact rate, however, may vary depending on the borrower’s creditworthiness, income profile, and repayment history. For individuals with strong credit scores, interest rates are on the lower side, while those with less favorable scores may face higher rates.

Minimal Documentation

The entire loan process is paperless, requiring only basic KYC documents such as your PAN card and Aadhaar card. There’s no need for extensive documentation like income proofs, salary slips, or bank statements, which are typically required by traditional banks.

Flexible Tenure

Dhani Loan allows you to choose a repayment tenure of 3 to 36 months, giving borrowers the flexibility to select a time period that suits their financial capability. You can use the built-in EMI calculator in the Dhani app to figure out the monthly payments and adjust the loan tenure accordingly.

24×7 Availability

The Dhani app is available round the clock, which means you can apply for a loan any time of day or night. This 24/7 availability ensures that even during weekends or public holidays, when banks are closed, you can still access funds if required.

No Collateral Required

Dhani Loans are unsecured, meaning there is no requirement to pledge any asset as collateral. This makes Dhani a viable option for individuals who do not have property or other forms of security to offer.

Dhani One Freedom Card Benefits

An additional benefit of Dhani is its Dhani OneFreedom card, a subscription service that gives users access to zero-interest credit for certain transactions, along with health benefits such as free medical consultations and discounts on medicine. Users can utilize this service along with their personal loan for extra financial support.

How to Apply for Dhani Loan

The application process for a Dhani Loan is designed to be simple and quick, making it accessible even for those unfamiliar with digital banking. Here’s a step-by-step guide:

1. Download the Dhani App: You can download the Dhani app from the Google Play Store or the Apple App Store. Alternatively, you can also apply via the Dhani website.
2. Register with Mobile Number: Sign up using your mobile number. An OTP (One Time Password) will be sent to verify your identity.
3. Complete KYC Process: To complete the KYC (Know Your Customer) verification, upload your PAN card and Aadhaar card. There’s no need for physical verification, as everything is done digitally.
4. Choose Loan Amount and Tenure: Once KYC is completed, select the loan amount and repayment tenure based on your financial needs.
5. Submit Loan Application: After reviewing the details, submit your loan application for approval. The approval process is instant in most cases.
6. Loan Disbursal: Upon approval, the loan amount is disbursed directly to your linked bank account within a few hours.

Eligibility Criteria for Dhani Loan

To be eligible for a Dhani Loan, you need to meet a few basic criteria:

1. Age: You must be at least 21 years old to apply for a Dhani Loan.
2. Indian Citizenship: Dhani Loans are available only to Indian citizens with valid KYC documents such as PAN and Aadhaar cards.
3. Income Source: Dhani Loans are available to both salaried and self-employed individuals, but having a steady source of income is advantageous in securing better terms.
4. Credit Score: Although Dhani does not exclusively require a high credit score, a better score often leads to more favorable loan terms and lower interest rates.

Benefits of Dhani Loan

1. Quick and Hassle-Free Process: The entire loan process, from application to disbursal, can be completed in a few hours, with minimal paperwork involved.
2. No Hidden Charges: Dhani is transparent with its fee structure, ensuring no hidden costs. However, borrowers should be aware of the nominal processing fee that is deducted from the loan amount.
3. Emergency Loans: Dhani Loans are perfect for individuals who require emergency funds for medical bills, urgent travel, or unforeseen expenses.
4. Access to Other Financial Services: Along with the personal loan service, Dhani also provides its customers with the Dhani OneFreedom card, which allows for zero-interest purchases and discounts on medical services.

Important Considerations

1. Interest Rates: Although Dhani advertises low-interest rates, the actual rate depends on factors like credit score and repayment history. Ensure you check the applicable interest rate before accepting the loan offer.
2. Late Payment Penalties: Missing an EMI can attract penalties, which could increase the overall cost of the loan and negatively impact your credit score. Ensure timely repayments.
3. Processing Fees: Dhani charges a small processing fee, which is deducted from the loan amount. It’s essential to factor in these fees when applying for a loan.
4. Credit Score Impact: Timely repayment of your Dhani Loan can help boost your credit score, whereas defaults can damage it, affecting your future loan eligibility.