Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Ahmedabad Personal Loan

    Ahmedabad is the former capital of Gujarat and the largest city in the state. Considering its large population, there are a wide variety of banks that offer a variety of services to its residents, including personal loans at attractive interest rates.

    We found 33 Ahmedabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    Customer Reviews
    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Ahmedabad Personal Loan is Rated as "Great!" by 1372 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Ahmedabad is a prominent city in the state of Gujarat, which used to be the capital of the state. This city is a leading commercial centre of the state with several trading and commerce activities. It is a business district that has leading institutions related to information technology, education, scientific research, culture, etc.

    The residents of this city have good access to banks and non-banking financial companies (NBFCs) for financial products and services. If you are looking for a personal loan, you can choose a bank or an NBFC as your lender and get a good loan deal at an attractive interest rate.

    Personal loans can be availed with minimal documentation within just a few hours. All you need to do is meet the most basic eligibility criteria, and you will most likely receive your personal loan amount without any difficulty. You can apply for personal loans online or by visiting your lender’s branch.

    Documentation needed to apply for an Ahmedabad Personal Loan

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary – slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:

      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Ahmedabad Personal Loan Interest RatesUpdated on 20 Jan 2019

    Ahmedabad Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Personal Loans offered by Various Lenders in Ahmedabad

    Let us take a look at some of the leading lenders that provide personal loans in the city of Ahmedabad:

    • Dena Bank
    • United Bank of India
    • State Bank of India (SBI)
    • Kotak Mahindra Bank
    • City Union Bank Ltd
    • Indian Overseas Bank
    • Punjab National Bank
    • Axis Bank
    • ING Vysya Bank
    • Abhyudaya Cooperative Bank Limited
    • Canara Bank
    • IDBI Bank
    • ICICI Bank
    • Rajkot Bank
    • Bank of Baroda
    • Indian Bank
    • Bajaj Finserv
    • UCO Bank
    • Vijaya Bank
    • Central Bank of India
    • Bank of Maharashtra
    • J & K Bank
    • GM National Bank for NABARD
    • Allahabad Bank
    • Yes Bank
    • Dhanlaxmi Bank
    • Dena Gujarat Gramin Bank
    • Madhavpura Mercantile Co-operative Bank Limited

    Personal Loan Interest Rates in Ahmedabad 2018

    The following table shows the interest rates for some of the banks that offer personal loans in Ahmedabad:

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    Bajaj Finserv 13.99% p.a. 2.25% to 3% of the loan amount Up to Rs.25 lakh 12 months to 60 months
    YES Bank 14% p.a. Information not provided. Rs.2 lakh to Rs.20 lakh 1 to 5 Years
    J & K Bank (Consumer loan) Up to MCLR + 3.50% p.a. Nil Up to Rs.75,000 with up to 12 times your net monthly salary Up to 60 months
    Bank of Maharashtra 1 year MCLR + 4.00% p.a. 1% of your loan amount with a minimum of Rs.1,000 Up to Rs.1.50 lakh Up to 36 months
    Vijaya Bank Up to 13.50% p.a. 0.75% of your loan amount along with the GST Up to Rs.10 lakh Up to 60 months

    Salary requirements to avail Personal Loans in Ahmedabad

    If you are a salaried employee, your monthly income will need to be at least Rs.15,000 or higher. The minimum salary requirement will differ from lender to lender. If you are a self-employed applicant, then your business should have earned a profit of at least between Rs.1 lakh and Rs.2 lakh on an annual basis.

    Ahmedabad Personal Loan FAQs

    1. Will I get a personal loan in Ahmedabad if my credit score is lower than 750?

    Even with a credit score of 750 and above, there is no proper assurance that your loan application will be accepted. However, if your credit score is lower than 750, you could try some alternative ways of getting your loan approved. You could furnish a collateral to assure your lender that you will repay your loan promptly. If you are earning a high income, you could show your income proof to ensure that you will be able to pay this loan without any struggle albeit your low credit score. You could also include the income of your spouse to improve your eligibility.

    2. Will I have to get in touch with any middleman to apply for a personal loan?

    No, you do not need any middleman to get a personal loan. It is very simple to apply for a personal loan. You can visit the official website of your lender or a third-party financial website. You could also visit a branch of your lender.

    3. Do I have to pay any additional fee or charge for availing a personal loan?

    You will most probably have to pay a processing fee while applying for your loan. This is a one-time fee.

    4. What are the types of interest rates charged for personal loans?

    You can choose from fixed or floating/variable interest rates for your personal loans. Fixed interest rates will remain fixed throughout your loan tenure and floating or variable interest rates will change as per fluctuations in the benchmark rates.

    5. If I am an existing customer of a bank and if I apply for a personal loan from the same bank, will I get a preferential rate of interest?

    This will depend on your lender. If you have a salary account or any other account with a particular bank, you may get a low rate of interest as you already have an existing relationship with your lender. Make sure you check with your lender about this special interest rate before you apply for their loan.

    Ahmedabad Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Good Privilege service"
      0.5 5.0/5 "Blown Away!"
      I got the better interest rate being an existing customer based on the transaction. Whole process was fast they were collected some documents however the service was smooth. I am going to close the loan but I think there is proclsoure options.
      Was this review helpful? 5
      , ahmedabad
      Reviewed on Jan 11, 2019
    • Bank Bazaar Personal Loan
      "Its Excellent"
      0.5 4.5/5 "Excellent!"
      Its a fantastic service I got in BanK Bazaar, we could view all the banking products in one place, I am delighted with your service, you people are providing good service to the customer. First time I took the persona loan through Bank Bazaar, the process was very easy.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Jan 11, 2019
    • Tata capital Personal Loan
      "Commitment should be fulfilled"
      0.5 3.5/5 "Pretty good"
      Tata Capital committed the disbursement would be happen within 3 days but they have sanctioned the amount after one week. The executive came to my place and collected the documents but they kept asking various papers from my end. The interest rate is absolutely good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 11, 2019
    • Bank Bazaar Personal Loan
      "Good customer service"
      0.5 5.0/5 "Blown Away!"
      My previous attempt was failed when I tried to take personal loan directly, finally I came to Bank Bazaar they have processed my loan. The initiation process is good the mobile application is good, the customer care team is very friendly to connect bank to help on the process.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jan 07, 2019
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I think HDFC Bank have taken some processing fee from the persinal loan disbursement. My loan amount is Rs. 2.5 lakhs they have taken the interest around 17% for the loan period of four years, the documents process was little difficult but its fine for me.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jan 07, 2019
    • Bank Bazaar Personal Loan
      "Good for to know about product"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is very good because it is providing the free credit score to the customer. Its a very good place for applying a credit cards. My friend has suggested me about bankbazaar website. Last 4 months, i have been using this website. The support team people were very much helpful.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 17, 2018
    • Early Salary Personal Loan
      "Good loan experience"
      0.5 4.5/5 "Excellent!"
      I bought the loan amount by last month. They have provided me a loan amount of Rs. 13000 and i got the interest rate of Rs. 720 and i'm not sure about the processing fee. I have received the loan in three days. I have selected the tenure period of 1 month. Overall loan process was fine.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 17, 2018
    • HDFC Bank Personal Loan
      "Best Financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from HDFC bank . The rate of interest is promising one which is based on the market value I make the payments through ECS . They did instant approval for documentation and approval with in 1 day with nominal 2 % of processing fees . I am satisfied with their customer service and response.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 16, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with HDFC bank, they have given me sufficient loan amount , i am happy with my loan amount, and the rate of interest they have charged me was nominal and the processing fee they have charged me was nominal , it have been just 3 months of taking this loan.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 15, 2018
    • SBI Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loan with State Bank of India. The documentation was too much and they were also offering the same interest rate as the private banks. So I went ahead with another bank where the process was more easy and more sooner.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Dec 12, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      After I registered at Bankbazaar initially, I got the offer of Citibank but the bank never came back to me. There could have been follow up calls from Bankbazaar as well for the same. I had to reapply for the loan and I chose the option for Indusind Bank and the bank contacted me the next day. The website is also good and it is easy to use.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 12, 2018
    • IndusInd Bank Personal Loan
      "Good in all"
      0.5 4.5/5 "Excellent!"
      The process was fairly good with Indusind Bank for the personal loan. They collected the documents on time. There was a delay in the disbursement because they were wanting one document. I finally received the loan as needed without me submitting the document. The rate of interest is around 12% flat and there was no processing fee.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 12, 2018
    • Bank Bazaar Personal Loan
      "Good application"
      0.5 5.0/5 "Blown Away!"
      I have gone through the website of bank bazaar, i got the mails from them whereas in that mail once i clicked the link it took me to the web page of bank bazaar, like that only i have applied this loan, people in bank bazaar were quick and responsive and the application and web portal are also easy to use.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 11, 2018
    • Tata capital Personal Loan
      "Good loan"
      0.5 4.0/5 "Great!"
      Processing time taken by the TATA capital was too high as they were taken nearly 20 days to get processed of my loan, but documentation part was very easy and the rate of interest is 11.49%, i have taken this loan for 5 years tenor, over all it was a good service rendered by them.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 11, 2018
    • YES Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with YES BANK, the loan amount they have given me was sufficient , the rate of interest they have charged me was up to 11.39% , it is nominal and the processing fee is also nominal, this bank is far better than other bank comparison, there is no delay in getting my loan amount.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 11, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with Citi bank, there service is too good, i did not face any difficulty in getting loan amount there was minimum documents taken from me and approved my loan application soon ,there was no delay in that and i they have me lowest interest rate compare to other bank and there overall service is good.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service from past 3-4 years approx, i came to know about bank bazaar service through on line,there customer service is good, i have not faced any issue in that, but i face one issue that is that there was delay in loan amount , so i have message on chat to bank bazaar regarding loan disbursement, they have not reply me on 29th my loan got disbursted in my account, apart from that there service is good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 11, 2018
    • Kotak Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with KOTAK MAHINDRA BANK, the loan amount they have given me was sufficient they have given me up to 2,00,000 as loan amount and the rate of interest they have charged me was high and they have taken me processing fee up to 5765 it is nominal, there was 1 week delay in getting loan amount.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      As a mediator, Bankbazaar has done a good job. They contacted me on time and informed me the details. They also processed it to the bank on time. I would visit the portal again when I am in need any financial service. The website is also good and it is easy to use and understand.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 11, 2018
    • HDFC Bank Personal Loan
      "Delayed process"
      0.5 1.0/5 "Really Bad"
      The process for the personal loan has not been up to the mark with HDFC Bank. I had to follow up atleast 10 times and I also went over personally to the bank as well. I was told that I would get the loan in 3 days and I also informed the executive that I needed the loan on an emergency. They still delayed the process. I was charged around 14% interest rate.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 11, 2018
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