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  • Bhubaneshwar Personal Loan

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  • The capital of Odisha, Bhubaneswar is home to several different banks that offer personal loans and other financial products at attractive terms and conditions. Whether you want funds for wedding arrangement or a dream vacation, Bhubaneswar is home to ICICI Bank, HDFC Bank, Tata Capital, Citibank and several others that offer personal loans at interest rates starting from just 10.99% and tenures ranging up to 5 years.
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    We found 17 Bhubaneshwar Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.75% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
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    10.99% - 18.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
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    Fees & Charges
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    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
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    12.99% - 19.75% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
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    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
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    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
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    Perks
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    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.

    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 16 Oct 2019

    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

    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 2018

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

    Bank Interest Rate Range
    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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

        

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    Bhubaneshwar Personal Loan Reviews

    • SBI Personal Loan
      "SBI process is lengthy"
      0.5 5.0/5 "Blown Away!"
      I never tried to contact the customer care service. I have not applied through online and i went to their branch to applied the loan. I bought my personal loan from State bank of India because one of my friend is working as a branch manager. They have sanctioned the loan within 2 days.
      Was this review helpful? 3
      , bhubaneshwar
      Reviewed on Oct 05, 2019
    • HDFC Bank
      HDFC Bank Personal Loan
      "Average Loan"
      0.5 2.0/5 "Expected more"
      Actually i just got call from HDFC after i applied the loan in online. I had applied the loan amount of Rs. 2 lakhs and they have offered me a interest rate 14 to 15% due to the higher rate of interest i have rejected the loan. They have not done any follow up from customer care.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 05, 2019
    • HDFC Bank Personal Loan
      "Service is Good"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank personal loan through Online .I have not availed this loan since it was not processed from bank end .I have not submitted any of my documents,I have got all the information about the loan process,There was proper callback and response form bank end.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Oct 04, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for HDFC Bank personal loan through Online .I have not taken this loan since the rate of interest was very high .I have got all the relevant information about the loan process.There was no difficulties while submitting the documents.There was proper follow up from bank end as well.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 28, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had applied for HDFC Bank personal loan where they had called me to provide the salary slip and same I had provided them but due to my basic salary was less they had denied my loan application and also I told to sanction loan amount of Rs.50000 but they denied.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 23, 2019
    • Tata capital Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had applied for Tata Capital personal loan where my application was been closed without updating me the reason I had tried to reach them through calling their customer care service but unable to reach them and waited a long time to know the status.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 23, 2019
    • Tata capital Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I have applied for Tata capital Ltd personal loan through Online .I have not availed this loan since lesser amount was sanctioned .I haveapplied for 2 lakhs but sanctioend amount was 1 lakh since it was not sufficient ihave not availed t.he loan ,I have got all the details about theloan process through the agent but no update from Tata capital ltd.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 19, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 2.0/5 "Expected more"
      I had applied for HDFC bank personal loan where the customer service is good but the documentation process took time and also my loan was been disbursed with nominal rate of interest and it took 3 days to disburse the loan amount to my account.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had applied for HDFC bank personal loan where the rate of interest was very high, so due to this I had dropped my personal loan application but HDFC bank should reduce the rate of interest and the other bank are charging nominal rate of interest.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 05, 2019
    • HDFC Bank Personal Loan
      "Ned to decrease charges"
      0.5 2.0/5 "Expected more"
      I was looking for a personal loan to apply then I got an offer through an online from HDFC bank on a month before. I received a call from bank on time for a verification purposes. For the tenure period of 4 years. The rate of interest was high from this bank. From bank have closed the loan process.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Sep 04, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have enquired the personal loan with HDFC BANK and they have requested for documents which I could not submit the documents due to medical reason hence It has been canceled. My experience was good. I have chosen HDFC because previously I took a loan with them and moreover am a salary account holder.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Aug 22, 2019
    • HDFC Bank Personal Loan
      "Not Satisfied"
      0.5 2.0/5 "Expected more"
      Through Bankbazaar I applied for HDFC Bank personal loan. After the application was submitted no one came to collect my documents. They did not inform me about the rate of interest, required documents. So I told them to close my application.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Aug 22, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank personal loan through Online .I have not faced any difficulties so far .The agent gave all the details about the loan process ,There was no issues with rate of interest and the processing fee .I have got the loan amount on time and it was sufficient as well .
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Aug 12, 2019
    • HDFC Bank Personal Loan
      "Need to reduce the interest rate"
      0.5 4.0/5 "Great!"
      The rate of interest is higher for the personal loan so I would suggest HDFC to reduce the rates. They have charged me a processing fee. I have applied for 2.5L and got the same amount. The loan tenure is 4years and the documents are uploaded via online.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Aug 11, 2019
    • HDFC Bank Personal Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      I am an existing customer so i have applied. The loan got rejected at verification time i am not available at that time. The documentation process was done. The expected loan amount was 6L and the rate of interest was 15%. The duration for repaying the loan was 5 years.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jul 09, 2019
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan in ICICI bank for more than 2 months ago, which was processed directly to bank. The loan amount was sufficient which was offered from bank for the tenure of 60 months. The rate of interest and the processing fee are average. Loan got sanctioned on time.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jul 05, 2019
    • HDFC Bank Personal Loan
      "Need to decrease charges"
      0.5 3.0/5 "Satisfactory"
      I was applied a personal loan for HDFC bank which was processed through an online. The loan amount was low and not sufficient for the tenure of 5 years. The rate of interest and the processing fee are high in this bank. I got a loan amount from an other source I have not processed for further.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jul 05, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK . The tenure period is fine and it was sufficient i close this loan . So far there hasn't been any claim experience with the policy. I haven't faced any issues with their services too. Loan amount what they offered is satisfactory .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jul 04, 2019
    • HDFC Bank Personal Loan
      "ROI can be reduced"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with HDFC Bank. They contacted me on time and processed the details. The rate of interest is on the higher side, it was around 17%. It is higher than other banks. The processing charges are average. The documentation process was easy and the loan amount was as needed.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 22, 2019
    • Tata capital Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      Though Tata capital had a good deal on the rate of interest, I could not take the personal loan as my company was not listed with them. I was getting a deals of around 14%. The service and response is good too. They were on time to contact me and inform me the details.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jun 22, 2019
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