Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Bhopal Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 available
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    10.99% - 20.75% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
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    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
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    Customer Reviews
    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
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    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
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    Eligibility Criteria
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
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  • Bhopal Personal Loan is Rated as "Great!" by 173 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Bhopal Personal Loan

    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 18 Nov 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

    Bhopal Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "EASY APPLICATION PROCESS WITH FRIENDLY RESPONSIVE TELECALLE"
      0.5 5.0/5 "Blown Away!"
      I am glad to inform about my experience that I had with Bank Bazaar , I think this is new start in Indian financial Market and Bank Bazaar also creates a new mile stone in revolutionary way. My suggestion is you may also provide our current Credit score with some improvement tips.
      Was this review helpful? 0
      , bhopal
      Reviewed on Nov 09, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was an fantastic experience with Bankbazaar.com also the Bankbazaar.com website is easy for navigation the customer service is good I use to get regular followups from Bankbazaar.com for my loan process ,I am totally very much happy with Bankbazaar.com for my personal loan service.
      Was this review helpful? 0
      , bhopal
      Reviewed on Nov 07, 2017
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The service was very excellent with but, I already had two more on going loans so my credit profile was low they never discussed about the interest rate it was little disappointed for me with ICICI ,still it was a good experience with ICICI for my personal loan service.
      Was this review helpful? 0
      , bhopal
      Reviewed on Nov 07, 2017
    • Bank Bazaar Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      Good experience with bank bazaar.I started to browse the website last one month.Executive's approach is really good and they help in making the customer understand to choose the right product in the market.website is simple to understand.
      Was this review helpful? 0
      , bhopal
      Reviewed on Nov 02, 2017
    • Standard Chartered Bank Personal Loan
      "Good service "
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with standard chartered bank.I had requested for loan amount of 4 lakhs.Rate of interest is nominal as compared to others.The application got rejected because of the address proof mismatch hence bank has closed the application.
      Was this review helpful? 0
      , bhopal
      Reviewed on Nov 02, 2017
    • Bank Bazaar Personal Loan
      "Quick, easy access "
      0.5 5.0/5 "Blown Away!"
      Bank bazar is quick, easy, FASTER and reliable way to get loan, and representatives are well supported and politely, and response time is less than half minute. Rate of interest is correctly calculate by emi calculator, and disbursal time not more than 3 working days
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 27, 2017
    • Capital First Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have been taken a personal loan with CAPITAL FIRST for a long time and, I have been paying around 1340 monthly as a premium amount for CAPITAL FIRST ,the customer service was good ,it was very good service from CAPITAL FIRST for my personal loan process.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 27, 2017
    • Bank Bazaar Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have applied through Bankbazaar.com website which was very easy to navigate and fast the service will be excellent from Bankbazaar.com customer service was good it was been totally a good experience with Bankbazaar.com for my personal loan service.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 27, 2017
    • ICICI Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      The service from ICICI for my personal loan service was good the rate of interest they offered is also fine compare to others in the market but they have asked for my payslip which was not available that time it was the reason for cancellation of my loan process with ICICI .
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 27, 2017
    • Bank Bazaar Personal Loan
      "Outstanding services "
      0.5 5.0/5 "Blown Away!"
      Outstanding services provided by bank bazaar.com. I am very much impressed. Any one want personal loan just upload ur profile and bank statement salaryslip easy way to take loan and paperless document and get very fast approval and they giving special discounts voucher in amazon and online purchase. Service rendered by bankbazaar is very good.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 24, 2017
    • Axis Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I am having the personal loan with the Axis bank and the interest rate is around 12.5%. Within seven days of time, the loan amount got disbursed. I would like to say that the response was an average one with them.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      Bankbazaar.com is really a good one and the website is very easy to access. I would like to say that the navigation part is also really good and the customer service is best one with the Bankbazaar.com.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      Customer service was good one with the Fullerton and the response was fine with them for the personal loan. I am totally happy with the Fullerton and I don't have any issues with them.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Best financial advisor"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a good e banking website. i have been using the site for more than two years. It has various financial products,get to know a comparison of banking products.I get multiple follow ups through mails,messages and calls.I'm a regular user of bank bazaar.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 11, 2017
    • HDFC Bank Personal Loan
      "Best banking"
      0.5 4.0/5 "Great!"
      I had applied for personal loan with Hdfc for an amount of three lakhs Rate of interest is nominal as compared to other banks.haven't submitted enough documents to process the loan.There was delay from my side hence I closed my loan.customer service is good.Overall had a best experience with Hdfc.
      Was this review helpful? 0
      , bhopal
      Reviewed on Oct 11, 2017
    • Bank Bazaar Personal Loan
      "Website is good & need to be more quick in services"
      0.5 5.0/5 "Blown Away!"
      The website is good at Bankbazaar. It is a friendly portal and it was easy to follow and understand. I am not that happy with the customer support and response, it would have been better if they contacted me on time and there should also have follow up calls in the process,especially if there was a delay.
      Was this review helpful? 0
      , bhopal
      Reviewed on Sep 16, 2017
    • HDFC Bank Personal Loan
      "Process is good"
      0.5 4.0/5 "Great!"
      HDFC Bank was good in the process overall. It was for a personal loan and the experience is good. The customer support and response was good a well as I had no hassles. I was also comfortable with the interest rate and processing charges. The after loan services was good too.
      Was this review helpful? 0
      , bhopal
      Reviewed on Sep 16, 2017
    • Bank Bazaar Personal Loan
      "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
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