Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Bhubaneshwar Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    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 Ad Paperless approval available
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    Customer Reviews
    10.99% - 19.8% 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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    Customer Reviews
    13.99% - 16.99% 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
    What you'll love
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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
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    Eligibility Criteria
    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
    Fees & Charges
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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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    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
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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
    What you'll love
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  • Bhubaneshwar Personal Loan is Rated as "Great!" by 322 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Bhubaneshwar Personal Loan

    Bhubaneswar, the capital of the state of Odisha, is one of the most important cities in Eastern India.It’s situated at a close distance from the erstwhile capital of the state, Cuttack, and together they form twin cities of great significance for the region.

    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 Bhubaneswar Personal Loan if you are

    01
    02
    03
    04
    Bhubaneswar Personal Loan Minimum Age

    At least 21 years old

    Bhubaneswar Personal Loan Maximum Age

    Less than 65 years old

    Bhubaneswar Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Bhubaneswar Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Bhubaneswar Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Bhubaneswar Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Bhubaneswar Personal Loan Maximum Loan Funded

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

    Bhubaneswar Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Bhubaneswar Personal Loan amount by these steps

    01
    02
    Bhubaneswar Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Bhubaneswar

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Bhubaneswar 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

    Bhubaneswar Personal Loan Interest RatesUpdated on 21 Oct 2017

    Bhubaneswar 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 Loan in Bhubaneswar

    There are a large number of well-known banks and lending companies which offer personal loans to residents of Bhubaneswar. Comprised of salaried and self-employed, personal loans are a highly demanded product in Bhubaneswar. With banks offering attractive rates on personal loans, more and more people are opting for them to take care of many personal needs such as interior re-decoration, finding a wedding or a similar family occasion, consolidate debt repayments, pay for an emergency medical expenditure, pay tuition fees for coaching classes, paying for a vacation, etc.

    Personal Loan Offered by various Banks in Bhubaneswar

    There is a number of banks and leading NBFCs which offer a variety of personal loans in Bhubaneshwar. Leading private and public sector banks such as HDFC Bank, Tamilnad Mercantile Bank, Union Bank, Vijaya Bank, State Bank of India, Indian Bank, Bank of Maharashtra, ICICI Bank, Axis Bank, Citibank, HDB Financial Services (a subsidiary of HDFC Bank), Standard Chartered, Oriental Bank of Commerce, Kotak Mahindra, Allahabad Bank, Bank of India, Bank of Baroda, Canara Bank, Karur Vyasya Bank,, IDBI Bank, IndusInd Bank, Dena Bank, Central Bank, Indian Overseas Bank, UCO Bank, South Indian Bank, Yes Bank and many more offer personal loans to customers.

    In addition to banks, many leading NBFCs like Tata Capital, Fullerton, Capital First, Aditya Birla, and more provide personal loans as well.

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

    There are many ways in which one can get lower rates of interest on personal loans.

    • Ensure that you have maintained a high credit score before you apply for a personal loan. Since these are unsecured loans, your credit score serves as a guarantee of your repayment capacity. Aim for a credit score of above 750 to get the lowest interest rates that the lender has to offer.
    • Your lender carefully. Do your research and go with a lender who offers a personal loan that suits your needs.
    • Evaluate your fund requirements before applying for a personal loan. Since the interest applicable on personal loans is higher than other types of loans, you would stand to lose financially if you choose a loan amount that is greater than what you need.

    Personal Loan Interest Rates in Bhubaneswar 2017

    Given below are the interest rates charged on personal loans offered by leading banks in Bhubaneswar

    Bank Personal Loan Interest Rate
    Citibank 10.99% to 15.99% (fixed)
    Standard Chartered 11.25% to 14.49% (fixed)
    ICICI Bank 11.59% to 18.49% (fixed)
    Oriental Bank of Commerce 10.85% to 11.85% (floating)
    HDFC Bank 11.49% - 19.8% (fixed)
    IndusInd Bank 11.99% to 19% (fixed)
    Kotak Mahindra 11.49% to 20.15% (fixed)
    Allahabad Bank 13.10% (fixed)
    Bank of Baroda 11.35% to 14.35% (fixed)
    Bank of Maharashtra 12.75% (fixed)
    Bank of India 13% to 14% (fixed)
    Canara Bank 12.75% (floating)
    Central Bank 11.4% (floating)
    IDBI Bank 12.45% (floating)
    Indian Bank 12.65% to 13.65% (floating)
    Indian Overseas Bank 13.65% (fixed)
    Yes Bank 14% (fixed)
    Vijaya Bank 13.50% (fixed)
    Union Bank 14.4% (floating)
    UCO Bank 11.35% to 11.60% (fixed)
    Tamilnad Mercantile Bank 14.30% to 16.30% (floating)
    State Bank of India 12.90% to 14.90% (fixed)

    Salary Requirements to avail Personal Loans in Bhubaneswar

    Income related requirements for personal loans are different from bank to bank. While some banks may have a lower minimum income requirement, some banks may have a slightly higher requirement. Also, the minimum income requirement for salaried and self-employed applicants will differ. Given below are the general salary requirements for availing a personal loan.

    • Salaried applicants - Applicants who have a regular stream of income are usually required to have a net monthly income ranging between Rs.7,500 to Rs.50,000.
    • Self-employed Applicants - Applicants who are self-employed are often asked to produce a proof of the income via their balance sheet or Profit and Loss account for the last 1 year or more. The minimum annual income requirement for self-employed applicants ranges between Rs.1 lakh to Rs.2 lakh

    Bhubaneswar Personal Loan FAQs

    1. What are personal loans?

    Personal loans are unsecured loans which can be taken to fulfill any personal requirement for which one may not want to use their savings.

    2. What is meant by an unsecured loan?

    An unsecured loan, like a personal loan, is one where the borrower is not required to provide any collateral or security in order to avail the loan. However, some lenders may ask the borrower to provide some form of security.

    3. What is fixed and floating interest rate?

    A fixed rate of interest is one where the interest chargeable on the loan remains fixed for the entire term of the loan. A floating interest rate arrangement is where the interest rate keeps changing as per the market conditions.

    4. What is the average tenure of a personal loan?

    The average tenure of a personal loan range from 1 year to 5 years. It an vary from lender to lender.

    5. Do lenders allow prepayment on personal loans?

    Prepayment on a personal loan may or may not be allowed, depending on the lender’s terms. Please check with your lender before availing the loan.


    Bhubaneshwar Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Customer friendly"
      0.5 5.0/5 "Blown Away!"
      Initially I had personal loan with HDFC, I took the amount of Rs. 5 lakhs now they offering Rs.10 lakhs as preapproved offer without documents in 10 second disbursement. But HDFC is charging foreclosure charges of 4%, it should be reduced, but I paid my loan already.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Super service"
      0.5 5.0/5 "Blown Away!"
      VERY NICE, SUPER AND FAST SERVICE Very nice and good service, thanks for your valuable response. Almost all the service provided online is good . So it is very easy to process. The customer care very good and super. Thanks a lot bankbazaar.com. only one request , your language is Hindi and English languague. Please try all state languages too, thanks and bye.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 12, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have got the personal loan from ICICI bank around 2 years. They have disbursed the loan amount within 7working days . The customer service is very prompt when compared with HDFC bank. The rate of interest which they have offered was low when compared with others.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 06, 2017
    • Bank Bazaar Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      I would say bank bazaar is good platform. The bank bazaar inbound team cannot be reached easily, It would be great if its takes lesser time to reach the customer support . Their service is prompt as well . The website of bank bazaar is easy to use and user friendly. I am customer of bank bazaar for past 1 year.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 06, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have already gave my requirement with HDFC bank, then they have collected the documents after few days they told that I am not eligible to get the loan , The customer eligibility need to checked in the beginning of the process.; The rate of interest which they have offered was high when compared with others.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 06, 2017
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar has done Consistent follow up in regards to my personal loan application. The entire personal loan process is very smooth and the easy via bank bazaar . The website of bank bazaar is easy to use and user friendly . For past 2years I am with bank bazaar. The customer service gave prompt response throughout the process.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 26, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank customer service gave prompt response in regards to my personal loan application. Within 10days of time they have disbursed my loan amount. The loan tenure is 2years. The rate of interest is nominal when compared with others. The processing fee and the charges are nominal with HDFC bank.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 26, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      Service was fine ,everything with Bankbazaar went in a smooth process . Representatives of Bankbazaar were very helpful during my loan process ,I don't find any difficulty with the process of Bankbazaar ,so I can say overall service of Bankbazaar was excellent .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 13, 2017
    • HDFC Bank Personal Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      Service was excellent from HDFC when I have applied for my personal loan ,document part was also fine, I don't find any difficulty in the document part . And I can say the rate of interest was low compare to others in the market ,representatives where very cooperative during the loan process,overall it was excellent service from HDFC .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      The services at Bankbazaar has been really good. They acknowledged my details immediately and verified my details. The team processed my information quickly as well and kept following up too.The mobile application of bank-bazaar is easy to navigate and customer friendly.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Aug 16, 2017
    • ICICI Bank Personal Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      It was not a timely process with ICICI Bank for the personal loan. They have not supported me a lot and it was not at all a good experience, I have applied for 1 lakh loan received the amount of 92000 rupees remaining they have charged for processing fee and insurance. They have offered me a rate of interest of about 16.75% which is very high when compared with others.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Aug 16, 2017
    • ICICI Bank Personal Loan
      "Very good bank"
      0.5 5.0/5 "Blown Away!"
      ICICI is a very good bank to bank with, as I was a customer of ICICI and I was very keen in taking the loan from ICICI bank. None turned up for the documents collection . I am very much happy with the interest rate offered by bank. Of course, I had received calls from ICICI before 2 to 3 months back.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Aug 14, 2017
    • Bank Bazaar Personal Loan
      "Nice E-process"
      0.5 4.0/5 "Great!"
      Bank bazaar , as the name shows -A real place to market for . .. Saves time and effort ;more over it automatically selects what's best suited for you. Almost 80% of processes are done within few minutes. Hassle free follow-ups and processes. Thanks.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jul 13, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      Excellent , a very good customer service and excellent executive customer care and contact person. All the person who are taking with customers are very kind also they give the very right answer and also they provide detailed description of each and every product.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jul 05, 2017
    • ICICI Bank Personal Loan
      "Need Improvement"
      0.5 2.0/5 "Expected more"
      The ICICI bank customer service is not up the mark. The rate of interest is high when compared with other banks. They need to reduce their interest rate in future. The response was also not customer centric with ICICI bank. ICICI needs improvement in their service.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 29, 2017
    • Bank Bazaar Personal Loan
      "Nice Website"
      0.5 5.0/5 "Blown Away!"
      I had no issues with bankbazaar. I received very good response from them. They contacted me on time and provided the required details for the loan. Also they forwarded my application to the bank. The website is good and very nice to handle...
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 20, 2017
    • ICICI Bank Personal Loan
      "Very Irresponsible"
      0.5 1.0/5 "Really Bad"
      For the personal loan, I approached ICICI bank and I submitted my application through online source. But from the time I submitted my loan application, I did not hear anything from them. The bank is never bothered to reply or provide any information on my application but they closed it without disclosing the reason.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 20, 2017
    • Bank Bazaar Personal Loan
      "Very Good service"
      0.5 4.5/5 "Excellent!"
      I am using bank bazaar for around past 4 years. I know bank bazaar through Google web search . The bank bazaar web site is easy to use and user friendly. The bank bazaar customer service is good and very supportive. I am happy about the bank bazaar service.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 15, 2017
    • Bajaj Finserv Personal Loan
      "Need Improvement"
      0.5 1.0/5 "Really Bad"
      The Bajaj Finserv gave very bad experience in concern to my personal loan . They took around 1 week to disburse my personal loan. I would like to say the loan amount can be increased in future, because I am not happy about their loan amount. The rate of interest is high when compared with others.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jun 15, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      The process was good with ICICI bank personal loan. The rate of interest is higher than other bank. The executives with ICICI bank are really good in my place. ICICI took just 2 to 3 days to disburse my loan. The documentation was done in a processed way. They came and collected my documents within a daytime. I have applied for 2lakhs but they approved only Rs. 50,000.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Jun 15, 2017
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