Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Bhubaneshwar Personal Loan

    In Bhubaneswar, personal loans are offered by banks and NBFCs. Before you apply for a personal loan, you should assess your fund requirements, check your credit score, and compare loan offers from various lenders in the city.

    We found 33 Bhubaneshwar Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Bhubaneshwar Personal Loan is Rated as "Great!" by 398 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    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 20 Jan 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.

    Bhubaneshwar Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Good to bank with ICICI"
      0.5 4.0/5 "Great!"
      1 year ago, i have applied the personal loan with ICICI and the service has been good. I have applied the top up also and I'm not sure about it. They have charged me a processing fee of Rs. 7000+insurance of Rs. 1000 hence charges are quite high. Their customer care service is really nice. I have given the documents once again for the top up.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Jan 09, 2019
    • Bank Bazaar Personal Loan
      "Its Excellent"
      0.5 5.0/5 "Blown Away!"
      The are good in Bank Bazaar is service, the customer support and also the response is good. I came to the site through advertisement then I started using it. The mobile response is easy without difficult I have taken the loan through your service.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Jan 07, 2019
    • HDFC Bank Personal Loan
      "Responsible customer service"
      0.5 5.0/5 "Blown Away!"
      Easily my personal loan got approved with HDFC bank, my loan amount is sufficient , they approved the amount of Rs. 75,000 for the tenure of one year. The interest is nominal, for one year the interest comes around Rs. 9000 and I think they taken some processing fee from the disbursement.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Jan 07, 2019
    • review Personal Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I had taken a personal loan with Bajaj Finance. I was in a need of Personal loan and i applied with Bajaj finance, my request was taken care and processed quick. There was a processing fee of 300 and the interest rates are reasonable. I had almost paid the loan amount.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Jan 04, 2019
    • SBI Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      My experience with SBI for personal loan was average, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was not up to the mark with this bank and tenure period is 5 years.
      Was this review helpful? 5
      , bhubaneshwar
      Reviewed on Dec 20, 2018
    • HDFC Bank Personal Loan
      "More than satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC Bank. The customer support is fine and they were fast in the process. They completed my loan process in three days. Though the rate of interest is a bit higher, I am glad that I received the loan on time which is more important.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 19, 2018
    • Bank Bazaar Personal Loan
      "Good. Can do better"
      0.5 4.0/5 "Great!"
      The website is good at Bankbazaar, it was pretty easy to use and place a request. The initial response was good. There should have been follow up calls till the end of the process. In case there is a delay with the bank the follow up calls would be useful.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 19, 2018
    • Tata capital Personal Loan
      "Long process"
      0.5 2.0/5 "Expected more"
      I had applied with Tata Capital for the personal loan. The process took more than 15 days for disbursement, though I submitted the documents on time. So I did not go ahead for the loan. The rate of interest is of 11.49% and the processing fee is zero. But they need to be more proactive as a customer applies in time of need.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 19, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, i have been using mobile application it is too easy to access like i did not face any difficulty in the website and even there customer support team is too good they use to explain me about which credit card would be best according to my requirements and i came to know about bank bazaar service through on line.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 12, 2018
    • Tata capital Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have applied for my personal loan with Tata capital recently, and the loan amount they have charged me was sufficient, they have charged me nominal rate of interest up to 11.3% and even processing fee they have charged me was nominal, the process went smoothly without any issue.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Dec 12, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, i have been using mobile application it is too easy to access like i did not face any difficulty in the website and even there customer support team is too good they use to explain me about which credit card would be best according to my requirements and i came to know about bank bazaar service through on line.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 12, 2018
    • HDFC Bank Personal Loan
      "Looking for less interest rate"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan application approved with HDFC bank and the experience was good, the loan amount was for Rs 2.8 lacs with high interest rate when compared to others. Customer service was good and they followed up on time. Tenure period for this loan is 5 years and there are no preclosure charges.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 1 year, my experience was good so far with bankbazaar. Customer services provided by bankbazaar is good and their response was prompt. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 11, 2018
    • ICICI Bank Personal Loan
      "Looking for less interest rate"
      0.5 5.0/5 "Blown Away!"
      It was a good experience for personal loan with ICICI bank, it took 1 month to receive the loan amount. Loan amount was for Rs 1 lac for 5 years with very high interest rate in the market. Customer service was very good and they collected documents on time.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 11, 2018
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR for while.I've applied for a personal loan via Bank Bazaar. It was good experience, the customer support was also good. Bank Bazaar is a convenient platform to compare and choose various financial products online. So far it has been good experience with their services.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Dec 10, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC BANK , Application process documentation was easy. I got the loan amount with in two days. The rate of interest is very nominal compare to other and tenure period is 1 year. They charge processing fee and it is also nominal .
      Was this review helpful? 3
      , bhubaneshwar
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR for while . Their customer service follow up was very helpful during the application. I never had any issues with their services. The whole application process was easy and hassle free. Overall it has been good experience .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 09, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I took a personal loan from the TATA CAPITAL , service was good they deduct the amount of insurance which i do not want i complaint to customer service but till date they have not cancel that . The whole application and processing was easy and hassle free. Overall it has been a good experience.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 09, 2018
    • Bank Bazaar Personal Loan
      "Best in class Service"
      0.5 5.0/5 "Blown Away!"
      This is my first time on Bank Bazaar. When i was looking for a personal loan , i landed on bank bazaar website and sent a request for personal loan. My need was addressed and was equally taken care. There was a proper follow up and I would say that I had a good experience with Bankbazaar now.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 09, 2018
    • ICICI Bank Personal Loan
      "Good In Service"
      0.5 5.0/5 "Blown Away!"
      Recently gone for a personal loan with ICICI bank and this is my first loan with ICICI bank . When applied for it, the procedure didn't take much time . There was no delay as well, things moved bit quick. The interest rates are also reasonable. Its a good to go with Banks for loans.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Dec 09, 2018
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