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

    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 33 Bhubaneshwar Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    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
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
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    Bhubaneshwar Personal Loan is Rated as "Great!" by 440 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 23 May 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.

        

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    Bhubaneshwar Personal Loan Reviews

    • Axis Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have directly applied through bank ,rate of interest and the processing fee was very high .The loan amount got sanctioned on time.I have applied for 2.5lakhs they gave 2.3lakhs for the tenure of 3years.Not faced any issues on submitting the documents.The agent gave the required details about the loan clealry.
      Was this review helpful? 2
      , bhubaneshwar
      Reviewed on Apr 16, 2019
    • Bank Bazaar Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I came to know about Bank bazaar through online and email notification. Am getting calls frequently which could be avoided please consider my suggestion. The process was simple and hassle free. I had no issues with the website overall its fine.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 16, 2019
    • Tata capital Personal Loan
      "Better Service"
      0.5 4.5/5 "Excellent!"
      When applied for Tata capital personal loan the good thing is got call form our end immediately.Without any physical verification and home verification got the loan .The documents was collected very late it took 8 days time .The loan got sanctioned on time and it was sufficient applied for 5 lakh and got 2lakhs since from Tata Capital they have told will provide 2lakhs only.The rate of interest and the processing fee was nominal .
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Apr 16, 2019
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HDFC Bank Personal Loan through online .I have not taken the loan due to high rate of interest and the processing fee .There was no issues faced so far.The agent clearly explained the process of the loan but there was no necessity for me to avail this loan.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Apr 11, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I am using this ICICI Salary account before 2 years. Each transaction will get message alert and email as well.I have not contacted customer care so far and i am using net banking, it is easy to use as well .This salary account is good and convenient to me so far .
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Apr 11, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for loan with ICICI bank through online app and got it .The loan amount was sufficient and took 1 day to get the loan amount .They have provided me 80,000 for 1year and am paying the premium on EMI basis .I have not faced any difficulties so far.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 11, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through online .I have checked credit score and this website is easy to use as well.Every time will search for financial product details this website will be helpful.This website is doing a good service so far to me .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 11, 2019
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar thorugh online only .The only suggestion is after the application is submitted on bank need to check with bank whether customer received the exact amount or not.This should be followed from our end.Other than that not faced any issues .The Overall Service is Good and Convenient .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 06, 2019
    • HDFC Bank Personal Loan
      "Satisfactory Service"
      0.5 3.0/5 "Satisfactory"
      I have requested for higher loan amount of , 4lakhs got 2.35lakhs and got less than the amount which was applied.This is the first loan which i was taken .The agent clearly explained the process.The rate of interest and the processing fee was high as well .while submitting the documents not faced any issue .I have requested to reduce the tenure but it was not done .The Overall Service is Satisfactory and Good .
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 06, 2019
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 4.5/5 "Excellent!"
      I came to know about bank bazaar service through on line,as i was comparing the different bank for the credit card and loans,and even i use to check my credit score regularly basis,this is my first time i have applied through it,and i have been using website,it is easy to access.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 06, 2019
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I recently hold HDFC bank personal loan ,The loan amount was sufficient they have given me up to 5,00,000,it was sufficient based on my requirement,and the rate of interest i felt they have charged me high they have charged me up to 17.7% which was high comparing to market price,and the processing fee they have charged me was up to 13,000 which was high compare other bank,the process in getting loan was simple.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 06, 2019
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I had been taken my personal loan with HDFC bank previously, The loan amount was sufficient,like based on my requirement they have given me loan,and the rate of interest they have charged me was nominal,they have not charged me any hidden charges so far,i have closed this loan successfully 3 years long bank.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 06, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I availed bank bazaar service from past 1 year approximately, The best thing i like in them is that they use to do good follow up in getting financial product which i have applied for,they use to help me out in getting best bank ,and i use to check credit score regularly,their overall service was good.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 06, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Recently applied for HDFC bank for an personal loan,the reason for choosing this bank was that i was existing account holder of this bank,and previously i got loan from this bank,they use to give good service,and the loan amount was given up to 1,50,000 which they have given me was sufficient,and the rate of interest they have charged me up to 16% which i felt bit high,they have charged me 1% in processing fee ,so far the process of getting loan was smooth.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 06, 2019
    • Axis Bank Personal Loan
      "Good loan product"
      0.5 5.0/5 "Blown Away!"
      I want to close my saving account with Axis because of non balance maintenance, hence I done the loan transfer from Axis to other bank. However the interest is reasonable, the customer support is very helpful. I got the loan amount with zero processing fee.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 05, 2019
    • Bank Bazaar Personal Loan
      "One stop solution"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar was timely sanctioned my personal loan without visiting to the institute and the process was flaw less and its streamlined. I got to know the site through online support and once I post the request. I got helpful service from their end.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 05, 2019
    • Tata capital Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      I done loan transfer to Tata Capital with the interest of 11.75% its reasonable, they sanctioned the loan on time.I took the amount of Rs. 6.5 lakhs for the duration of five years, the customer support is great and the field executive gave me door step service.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Apr 05, 2019
    • Bank Bazaar Personal Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      It is a best on line financial portal.After applying for the personal loan i had got the very good response from the customer service representative.Documentation process is quiet easy and helpful.I had applied for personal loan in bank bazaar application and i have not face any issues.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Apr 03, 2019
    • review Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      I had taken tata capital personal loan.Loan process is good enough and it is transparent.Customer service representatives are approachable.Loan approval was done within 24 hours.Loan approval was done within 24 hours which is very fastest one.
      Was this review helpful? 1
      , bhubaneshwar
      Reviewed on Apr 03, 2019
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The customer service and response is good with bank bazaar. The process was very simple hence have applied for the personal loan. I came to know this site through online. I have completed the application process on the website without any difficulty.
      Was this review helpful? 0
      , bhubaneshwar
      Reviewed on Mar 29, 2019
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