Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 31 Bhopal Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
     Loading your search... Loading your search...
  • Bhopal Personal Loan Reviews

    • Bank Bazaar Customer Support
      "Good "
      0.5 5.0/5 "Blown Away!"
      Straight away I give full ratings for bankbazaar. There are no issues to describe about, but they were supportive when I applied for the loan. I had received a call from bankbazaar side, they provided the information about the loan I applied. To conclude I am very much happy with this site.
      Was this review helpful? 0
      , bhopal
      Reviewed on Aug 12, 2017
    • Standard Chartered Bank Personal Loan
      "Can do better"
      0.5 1.0/5 "Really Bad"
      No message, no calls, no mails from the Standard chartered bank side for the loan when I applied. Then I felt there is no point in holding the loan application with the bank. In the beginning they said very clearly that they will arrange an executive to collect my documents and there is no need to visit the bank for any reason. So I though that the loan process will be very simply. Finally I came to know that the things are not happening as per their commitment. Hence I had to close the personal loan.
      Was this review helpful? 0
      , bhopal
      Reviewed on Aug 12, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      ICICI Bank is excellent in the banking services. I had taken a personal loan and the process was very smooth. They had clarity in the process and the bank was also low on the interest rate 11.50%. And there was no processing fee and charges The after loan services are also very smooth and easy.
      Was this review helpful? 0
      , bhopal
      Reviewed on Aug 10, 2017
    • Bank Bazaar Customer Support
      "GUIDANCE"
      0.5 5.0/5 "Blown Away!"
      This is the very first time I approached bankbazaar, also I am very much satisified with all their steps for searching for my product. It happens, some times where people would not be interested in doing online search, but here after gaining sufficient information I would recommend all my friends, relatives to give a try atleast once. My hearty thanks to the team Bankbazaar.com for providing their valuable time for their customers in a proper way. Hope they would get back to me with a favourable reply on time.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "Everything was good"
      0.5 5.0/5 "Blown Away!"
      Everything went good with bankbazaar. I had received good service from them when I approached them for the loan requirement. I had no issues with bankbazaar. The website is quite easy to handle and it is very much helpful to apply for any kind of finanical products.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 13, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I approached ICICI bank for the personal loan. But the bank did not provide the loan even I am ready with statement and everything but there is no response and no good service from ICICI bank. I am very disappointed as the bank has closed my application.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 13, 2017
    • Capital First Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Last year I took the personal loan with Capital First. The interest rate is around 17%. They done with the process in a fast manner and sanctioned the loan without any delay. The loan process was good and smooth. Their customer service is nice.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Prompt Service"
      0.5 5.0/5 "Blown Away!"
      Actually I had received good response from bankbazaar.com. Their services are good and they provided a proper followup calls on my loan application. The bankbazaar website is easy to handle and I had no issues with them during the loan process.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 12, 2017
    • ICICI Bank Personal Loan
      "Be Responsive"
      0.5 3.0/5 "Satisfactory"
      ICICI bank rejected my personal loan application. Actually they should have informed me the reason for cancelling my application. I preferred ICICI bank for the loan and I applied with them but it is bank's responsibility to convey the status of the application to the customer in a proper way. I do not know the reason for app cancellation.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Good services"
      0.5 5.0/5 "Blown Away!"
      The services provided by Bankbazaar has been good and the overall experience was perfect. There was a good response when ever I approached them for a query. The website is also good and user friendly and very helpful. In all I had no hassles and I am happy with this experience.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jun 01, 2017
    • ICICI Bank Personal Loan
      "Not Satisfactory"
      0.5 1.0/5 "Really Bad"
      ICICI Bank has not been up to the mark. I had applied for a personal loan and there was no response from them later I was asked to open a current account to get this loan. So I cancelled my application. The overall experience has not been satisfactory.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jun 01, 2017
    • Bank of Baroda Personal Loan
      "BOB considers only Government employees for personal loan"
      0.5 1.0/5 "Really Bad"
      Though I am a long term customer of Bank of Baroda, they were not willing to give me a personal loan. I am having savings account for quite long time and I do much transactions with them. In spite of having savings account with SBI, I prefer BOB for all my transactions. But BoB considers only the government employee for personal loan, which is really a disappointment.
      Was this review helpful? 4
      , bhopal
      Reviewed on Mar 10, 2017
    • Bank Bazaar Customer Support
      "The best"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has been the best for me as they have been super fast in their services and process. The portal was useful to me, it helped me find banks and I came to know many rates of different banks and their offers. I am able to browse between pages too without any difficulty.
      Was this review helpful? 0
      , bhopal
      Reviewed on Mar 07, 2017
    • ICICI Bank Personal Loan
      "Quick process but high ROI"
      0.5 5.0/5 "Blown Away!"
      The rate of interest could have been a bit low with ICICI bank when it comes to personal loan, it was around 13%. On the same lines, the bank charged me higher charges too., The process was fine , it was completed on time and the disbursement happened as per my request.
      Was this review helpful? 1
      , bhopal
      Reviewed on Mar 07, 2017
    • Bajaj Finserv Personal Loan
      "VERY GOOD"
      0.5 4.0/5 "Great!"
      I am about to take personal loan with the BAJAJ FINSERV and the rate of interest is around 7 to 8% not so sure, because i haven't submitted the documents yet I already hold a existing loan from same bajaj, So they gave me a call and said that you are eligible for 2.11 loan.
      Was this review helpful? 1
      , bhopal
      Reviewed on Mar 06, 2017
    • Bank Bazaar Customer Support
      "VERY GOOD"
      0.5 4.0/5 "Great!"
      I would suggest that bank bazaar could improve a little bit, In terms of providing a better offer for self employed customers as for salaried customers they have an option online where one can place a request for pre-approved loan. Its was my 1st experience it was over all good. I received an email based on that, I had applied for the loan.Customer service is good it took bit longer time than usual.
      Was this review helpful? 0
      , bhopal
      Reviewed on Mar 06, 2017
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      I am not happy with ICICI Bank for the process of the personal loan.Iam a self employed person, ICICI bank executive where asking me for salary slip,Their was no option in website for self employed it was showing only for salaried,They asked me for ITR also but i wasn't having it.
      Was this review helpful? 0
      , bhopal
      Reviewed on Mar 06, 2017
    • Bank Bazaar Customer Support
      "Good Website And Good Services"
      0.5 5.0/5 "Blown Away!"
      It is very informative website. Bank Bazaar is good in customer service, they had given immediate response and keep on tracking my loan application. Over the phone they had given proper updates about the process. It is very useful to bank.I am happy with Bank Bazaar services.
      Was this review helpful? 0
      , bhopal
      Reviewed on Feb 21, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I had a good experience with HDFC Bank for personal loan. Its just 5 days they had disbursed the amount on time, Even they had charged good rate of interest and 3000 rs for processing fee.Customer service and Documentation process is good.
      Was this review helpful? 1
      , bhopal
      Reviewed on Feb 21, 2017
    • Bank Bazaar Customer Support
      "Excellent work by team bank bazaar.com"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar.com is doing a wonderful work. It is providing easy and clear access to banking facilities. It has a very transparent dealing with the customers and has 24\7 access coupled with sound back office team. I got the best assistance from the team.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jan 17, 2017
    Common Loader Icon

    Bhopal Personal Loan is Rated as "Great!" by 154 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Bhopal is the capital of the Indian state of Madhya Pradesh and the administrative headquarters of Bhopal district and Bhopal division. Bhopal is the 16th largest city in India and 134th largest city in the world. It is basically divided into two parts - old Bhopal and new Bhopal.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Bhopal Personal Loan if you are

    01
    02
    03
    04
    Bhopal Personal Loan Minimum Age

    At least 21 years old

    Bhopal Personal Loan Maximum Age

    Less than 65 years old

    Bhopal Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Bhopal Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Bhopal Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Bhopal Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Bhopal Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Bhopal Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Bhopal Personal Loan amount by these steps

    01
    02
    Bhopal Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Bhopal

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Bhopal 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

    Bhopal Personal Loan Interest RatesUpdated on 17 Aug 2017

    Bhopal 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

    Apply for Personal Loan

    Personal Loans in Bhopal

    Bhopal, the capital city of Madhya Pradesh, has a number of leading banks and NBFCs which offer personal loans to customers who reside in Bhopal so that their financial needs and requirements are met. These loans are offered at affordable rates with interest rates varying from one lender to another. Banks and NBFCs operating out of Bhopal have a large arsenal of financial products and these banking institutions offer other services such as asset management, alternate forms of commercial lending, core banking facilities, and investment advice.

    Personal Loans offered by various banks in Bhopal

    Some of the prominent financial institutions that are located in Bhopal that offer personal loans at attractive interest rates are listed below:

    • Citibank
    • Standard Chartered
    • IndusInd Bank
    • ICICI Bank
    • Kotak Business Loan
    • Capital First
    • Oriental Bank
    • HDFC Bank
    • Kotak Mahindra

    How to Get a Personal Loan with the Lowest Interest Rate in Bhopal

    When you want to apply for a personal loan in Bhopal, there are a few factors which you need to keep in mind as they can play an important role in securing your loan. The format and information provided in your application letter plays a vital role in having a personal loan sanctioned as well as the interest rate offered on the loan amount. Personal loans can be quite easy to apply for with a hassle-free procedure. But there are a few factors that you will have to address and be cautious about when applying for a loan. A good credit score is a key factor and plays a vital role when applying for a loan. A credit score of 750 and above is considered as a good credit score to have and this plays a big role in getting your application for a personal loan approved. The interest rate is also dependent on this criteria. A credit score that is higher than the benchmark that has been set by banks and lenders will fetch a lower interest rate for your loan and vice-versa. If you have a bad credit score, you should do what you can to improve it. This can be done through a number of different ways. Paying off any unpaid premiums or loans is a good way to increase your score.

    Another important point to take into consideration is that you should make sure that you do an ample amount of research the loan amount that you require and the bank with which you wish to apply for a loan. You have to have a clear idea about the banking institution that you want to apply for a loan to as well as the amount that you need to borrow from the bank. You can avoid paying an extra amount of money towards the interest levied on a loan amount by ensuring that you do not apply for a loan that exceeds your financial needs. On the other hand, if you borrow an amount that does not meet your financial needs, you might end up applying for another loan amount. This can pose a big problem as managing two loans can be quite risky. You could end up missing out on a payment which would lead to a drastic drop in your credit score.

    Personal Loan Interest Rates in Bhopal 2017

    There are a number of major public and private sector banking institutions that offer personal loans to the residents of Bhopal. Listed below are some of the banks in Bhopal and their interest rates:

    Bank Processing Fee Interest Rate Loan Amount Tenure
    Standard Chartered Nil 10.99%-14.49% Rs.30 lakhs 1-5 years
    Citibank 1% to 2.5% 11.49%-15.99% (Fixed) Rs.30 lakhs 1-5 years
    Capital First Up to 1.5% (OTF*) 12%-18% (Fixed) Rs.15 lakhs 1-5 years
    TATA Capital Nil 11.99%-19.50% Rs.20 lakhs 1-6 years
    ICICI Bank 2.25% (Min. Rs.1,149) 11%-17.99% Rs.20 lakhs 1-5 years
    IndusInd Bank Up to Rs.3,000 (OTF) 11.99%-19% (Fixed) Rs.25 lakhs 1-5 years
    Oriental Bank 0.5% (OTF) 10.85%-11.85% Rs.50,000-Rs.10 lakhs 1-5 years
    HDFC Bank Up to 2.5% (OTF) 10.99%-19.8% (Fixed) Rs.25 lakhs 1-5 years
    Aditya Birla Nil 11.5%-13.25% (Fixed) Rs.30 lakhs 1-5 years
    South Indian Bank 0.50% (OTF) 13% (Fixed) Rs.3 lakhs 1-4 years
    Fullerton 1.5% to 6% (OTF) 17.25% to 37% (Fixed) Rs.15 lakhs 1-4 years
    Kotak Business Loan 0.99% to 2% 12.99%-14.50% Rs.45 lakhs 1-5 years
    HDBFS Business Loan 2% (OTF) 15.95%-18.95% (Fixed) Rs.20 lakhs 1-3 years
    Kotak Mahindra Up to 2% 11.49% - 20.15%Fixed Rs.15 lakhs 1-5 years
    Bank of India Rs.1,000 to Rs.10,000 (GST not included) 13%-14% (Fixed) Rs.10,000-Rs.5 lakhs 1-3 years
    Allahabad Bank 1.22% (Min. Rs.1,228) 13.10% (Fixed) Rs.50,000 to Rs.7.5 lakhs 1-5 years
    Bank of Baroda 1% (Min. Rs.1,000) OTF 11.35%-14.35% (Fixed) Rs.20,000 to Rs.2 lakhs 4 years
    BOM 1% (Min. Rs.1,000) 12.75% (Fixed) Rs.1.5 lakhs 1-3 years
    Canara Bank Rs.1,000 to Rs.5,000 (OTF) 12.75% (Floating) Rs.3 lakhs 5 years
    Tamilnad Mercantile 1% (OTF) 14.30%-16.30% (Floating) Rs.2 lakhs Max. 1-5 years
    Indian Bank Rs.508 to 0.508% (OTF) 12.65% to 13.65% (Floating) Rs.50,000 Max. 3 years
    Central Bank Rs.500 (OTF) 11.4% (Floating) Rs.10 lakhs 4 years
    Dena Bank 1% (OTF) 13%-14% (Fixed) Rs.15,000 to Rs.1 lakh 1-3 years
    IDBI Bank 1%+G.S.T. (OTF) 12.20% (Floating) Rs.50,000 to Rs.10 lakhs 1-5 years
    IOB 1.01% to 1.10% (OTF) 13.65% (Fixed) Rs.1 lakhs to Rs.15 lakhs 1-5 years
    Karur Vysya 0.4% (OTF) 13.35%-15.85% Rs.1 crore Max. 1-3 years
    HDBFS 1%-2% (OTF) 13.99%-16.99% Rs.30 lakhs 1-5 years
    SBI 1% (OTF) 12.90%-14.90% Rs.24,000 to Rs.15 lakhs 5 years
    Vijaya Bank Nil 13.50% (Fixed) Rs.10 lakhs 1-5 years
    UCO Bank 1% (Min. Rs.750) OTF 11.35%-11.60% (Fixed) Rs.10 lakhs 5 years
    Union Bank 0.5% (Min. Rs.500) OTF 14.4% (Floating) Rs.5 lakhs Max. 1-5 years
    Yes Bank Up to 2% (OTF) 14% (Fixed) Rs.20 lakhs 1-5 years

    *OTF – One Time Fee

    Salary Requirements to Avail Personal Loans in Bhopal

    There are a few factors that a banking institution has to consider when they receive a loan application. One criteria that they look for is your capability to repay the loan amount that you have borrowed. The salary requirements needed to repay a loan amount has been listed below:

    • The applicant should be a resident of Bhopal for a minimum period of 1 year.
    • A salaried individual should earn a minimum monthly income of Rs.15,000. The minimum monthly income requirement will vary from one lender to another.
    • The applicant should have a minimum work experience of 2 years.
    • The applicant should not be younger than 21 years.
    • The applicant should not be older than 60 years.
    • Applicants will be required to submit a couple of documents like bank statements, address proof, identity proof, etc.

    Bhopal Personal Loan FAQs

    1. How long does a bank take to approve an application for a personal loan?
    2. There are some banks that approve loan applications within 48 hours and there are other banks that take at least a week. Usually a loan application is approved within two and seven working days.

    3. How is a personal loan repaid?
    4. The personal loan can be repaid my paying the loan amount back to the bank in the form of Equated Monthly Instalments (EMIs) via post-dated cheques. You could even link your debit account to your loan if you have taken a loan from a bank where you have a savings bank account. The amount that you need to pay as EMI will automatically get deducted from your savings account.

    5. Can I get the balance transfer facility with my personal loan?
    6. Availing a balance transfer facility depends on the bank. There are some banks that offer the balance transfer facility if the customer has made at least 12 EMI payments. It is advisable that you check with your bank before you apply for the loan.

    7. Are there any additional charges that an applicant has to pay when he/she gets a personal loan from a bank?
    8. Yes, there are a couple of different additional charges. Most banks charge an applicant an interest fee that ranges from 2% to 2.5% of the total amount that they wish to borrow. The fee is deducted from the amount that has to be disbursed to you.

    9. Can I receive Tax Benefits on my personal loan?
    10. Unless the personal loan is used for a home renovation project, tax benefits are not associated with personal loans. You can, however, avail tax benefits under Section 24 of the Income Tax Act on the interest that is paid on the loan but not on the principal amount that is paid.

    Check For Latest: Gold Rate in Bhopal Today Or Silver Rate in Bhopal Today
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.