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  • Ahmedabad Personal Loan

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  • With all major banks in the city, getting a personal loan at attractive interest rates in Ahmedabad is as easy as it gets! Ahmedabad is one of the major cities not only in Gujarat, but in India. As such, it is home to some of the biggest and best banks and financial institutions in the country. With interest rates starting from just 10.99% and flexible repayment tenures, you can avail a personal loan in Ahmedabad with utmost ease.
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    We found 18 Ahmedabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    10.75% - 21.50% Fixed
    Up to 2.50% One time fee
    Up to Rs.40L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    Customer Reviews
    11.00% - 16.75% Fixed
    Zero Processing Fee
    Up to Rs.25L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% One time fee
    Rs.75K - Rs.5L
    1 - 4 Years
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    11.25% - 14.49% Fixed
    Up to 2.75% One time fee
    Up to Rs.20L
    1 - 6 Years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    18.00% - 36.00% Fixed
    2.00% - 3.00% One time fee
    Rs.1L - Rs.5L
    Up to 5 Years
    Only KYC docs required
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    11.99% - 25.00% Fixed
    3.00% - 6.00% One time fee
    Up to Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    13.00% - 30.00% Fixed
    Zero Processing Fee
    Rs.50K - Rs.2L
    Up to 4 Years
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    10.50% - 16.99% Fixed
    Up to 2.50% One time fee
    Rs.50K - Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00% One time fee
    Up to Rs.30L
    1 - 5 Years
    Accelerated Approval
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    16.50% - 20.00% Fixed
    Up to 2.00%(Min ₹2,000) One time fee
    Up to Rs.15L
    1 - 5 Years
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    18.00% Fixed
    2.00% - 5.00% One time fee
    Rs.50K - Rs.7.5L
    1 - 4 Years
    100% PAPERLESS APPROVAL
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    17.00% - 26.00% Fixed
    2.00% One time fee
    Rs.2L - Rs.20L
    0.5 - 4 Years
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    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 22 Oct 2020

    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.

        

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    Ahmedabad Personal Loan Reviews

    • Aavas Financiers Limited Personal Loan
      "Not Satisfied"
      0.5 1.0/5 "Really Bad"
      The rate of interest was very high with Home credit India Finance Pvt Ltd .This loan was sanctioned on exact time frame and it was taken for personal use and i have submitted documents through agent . If the premium is paid on delay basis there is no extra charge. I have successfully closed the loan.
      Was this review helpful? 26
      , ahmedabad
      Reviewed on Mar 20, 2020
    • Tata capital
      Tata capital Personal Loan
      "Service is Good"
      0.5 4.0/5 "Great!"
      My personal loan was availed through Tata capital ltd .This loan was taken for personal use only and the rate of interest and the processing fee was very high due to requirement taken the loan .This loan was sanctioned very quickly and there was no drawbacks faced so far .I am satisfied with the service .
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Mar 15, 2020
    • Axis Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken Axis Bank personal loan through onlineThis was a pre approval loan and also got on paperless approval since have salary account .The loan detail was shared by the agent very clearly.The loan got sanctioned on time and there was no difficulties faced until this loan was sanctioned .
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 22, 2020
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied a personal loan from Home Credit India Finance through online . The rate of interest and the processing fee are very high. Due to emergency purpose take this loan and the loan amount was sanctioned on time .There was proper callback and follow up from bank end and the agent shared the loan process very clearly .I am really satisfied with the service so far.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 22, 2020
    • Fullerton Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have not taken this personal loan since no salary slips. The loan process was shared by Fullerton as well as online agent and not yet faced any difficulties when applied for this loan. I am getting salary via cash hence not having income proof. There was no drawbacks faced so far .
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 18, 2020
    • Citibank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I really enjoyed this service when applied for this Citi bank personal loan .The rate of processing was quite good compared to other bank.The loan got sanctioned on time and paying the premium on EMI basis without any delay. The process was hassle free and much comfortable as well.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 17, 2020
    • HDFC Bank Personal Loan
      "Better Loan "
      0.5 4.5/5 "Excellent!"
      My salary account is in HDFC and all the facility has been good so that i have availed the loan for my home renovation and other purpose. I applied the loan amount of Rs. 3 lakhs and the rate of interest was approximately 14%. People came to my place for collecting the documents after that there is no proper follow up from the bank end.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 16, 2020
    • Axis Bank Personal Loan
      "Easy loan approval"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from AXIS Bank 2 years ago. The loan amount was Rs. 1.50L and they given a rate of interest was nominal 14%. I have taken for the tenure of 5 years and i am paying EMI 5500. Customer service and responsiveness was good.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 15, 2020
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      From TATA CAPITAL, i have taken a personal loan and the loan amount was 80K. The rate of interest was too high of 20.49% for 4 years, EMI is Rs.4600. Customer service and responsiveness was good, documentation was collected by executive and i received the card within a day.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 15, 2020
    • Tata capital Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was availed through Tata Capital Ltd .I have taken this loan with high rate of interest and the processing fee .This loan was sanctioned on time without any delay and this loan was taken for personal use.If pay the premium on EMI basis and no extra charges for the delay payment.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 13, 2020
    • Tata capital Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have availed personal loan through Home credit India Finance Private Ltd.I have got the update from the agent as I can make the EMI payment after 1 month even can make the full payment but after availing this loan, they told it is not possible which am unhappy.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Feb 01, 2020
    • Kotak Personal Loan
      "Good Loan Service"
      0.5 4.0/5 "Great!"
      Interest rate is bit high in Kotak Mahindra bank personal loan. Due to less documentation i have selected the Kotak Mahindra bank and the process also very quick. I have applied the loan amount of Rs. 1.70 lakhs and i got the same amount but they have offered me more amount which is not needed for me. I told them that my personal mail id should be an primary but they have mentioned my official mail id as a primary which can be changed.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 29, 2020
    • Tata capital Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through Tata Capital Ltd. The rate of interest and the processing fee are 18% reducing that's okay but its bit high. I have submitted the documents through the agent. The loan was sanctioned on time without any hassles. I have availed the loan amount of 3L for the tenure of 4 years. I have paid my first EMI 4,752.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 28, 2020
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan through Home Credit India Finance private Limited .The rate of interest and the processing fee was little bit high once pay the premium on delay basis then there will be extra charges for that .This loan was availed for personal use.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 27, 2020
    • Tata capital Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from TATA Capital because its a pre-approved loan. They have offered me a nominal interest rate. I have taken a loan amount of Rs. 2 lakhs. Now I'm paying the EMI amount of Rs. 7199 with the duration of 3 months. Documentation process was really good because executive came to my place to collect the documents.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 27, 2020
    • Kotak Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I applied for Kotak personal loan through online. I have uploaded the documents online, bank executive came for verification and also collected some document. I received the loan amount with in 1 week. I have taken a loan amount of 2L the interest rate is normal but the charges they detected is very high around 25,000.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 12, 2020
    • PaySense Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from PAYSENSE SERVICES INDIA PRIVATE LIMITED and the loan amount of 1.5L was sufficient. The rate of interest was 22% its very high. Actually at that point of time, I need money so I have taken this loan and paying EMI of 8,900 rupees for the tenure period of 15 months. Customer service was not good, when I inquired they are not proper responding so I am unsatisfied with their service.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jan 09, 2020
    • Fullerton Personal Loan
      "Need to improve the customer care"
      0.5 4.0/5 "Great!"
      The number which they have provided was not getting connected with Fullerton all the time. There are lots of companies are providing the personal loan but as per my convenience i have got the personal loan from Fullerton. I didn't remember the interest rate. Within a week, they have processed the loan. The documentation process was good. If someone has to pick up the call, whenever the customer calls to the branch, it would be fine.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jan 07, 2020
    • Fullerton Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have applied for Home credit India Private Limited personal loan through Online .I have availed this loan for education purpose only.I have chosen this since got offer , but the rate of interest and the processing fee was very high. Everything was good on this so far .I am paying the premium on EMI basis and the loan amount got sanctioned on time.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 07, 2020
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through HDFC since bank offered the rate of interest was 16%. This loan is still active and paying the premium on EMI basis.I have got the loan amount on time ,The agent shared all the relevant details about the loan process. I have got this loan on paperless approval since have salary account with this bank.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Jan 06, 2020
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