Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Chandigarh 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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    Eligibility Criteria
    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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    Perks
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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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  • Chandigarh Personal Loan is Rated as "Great!" by 274 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Chandigarh Personal Loan

    Chandigarh is a Union Territory and has the unique distinction of being the capital of two states; Punjab and Haryana.Chandigarh is Personal to three Governments, who are the biggest employers in the city. But there’s a lot more to the city today with IT parks opening new avenues for professionals here. There are many National and International businesses who have set up offices here and that has provided locals with exciting employment opportunities


    You’re probably eligible for an Chandigarh Personal Loan if you are

    01
    02
    03
    04
    Chandigarh Personal Loan Minimum Age

    At least 21 years old

    Chandigarh Personal Loan Maximum Age

    Less than 65 years old

    Chandigarh Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Chandigarh Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Chandigarh Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Chandigarh Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Chandigarh Personal Loan Maximum Loan Funded

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

    Chandigarh Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Chandigarh Personal Loan amount by these steps

    01
    02
    Chandigarh Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Chandigarh

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Chandigarh 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

    Chandigarh Personal Loan Interest RatesUpdated on 19 Oct 2017

    Chandigarh 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 Chandigarh

    When there is a need but lack of funds to finance either a desire to buy a gadget, make an investment to start a company, fund an extravagant holiday or fulfill the need of a medical emergency, there’s always the option of a personal loan. In Chandigarh, customers can avail personal loans from any of the top banks and NBFCs. For those new to availing loans, they can start by visiting financial portals such as BankBazaar. On the BankBazaar website, customers can get a clear-cut idea of the interest rate on loans offered by banks, make comparisons between its partner banks and choose a loan that suits their financial status.

    Personal Loan offered by various banks in Chandigarh

    Listed below are the top banks and NBFCs offering personal loans in Chandigarh:

    • Kotak Mahindra Bank
    • Standard Chartered Bank
    • Fullerton
    • ICICI Bank
    • HDFC Bank
    • Aditya Birla
    • Tata Capital
    • Axis Bank
    • Bajaj Finserv
    • Oriental Bank
    • Citibank

    How do I get a Personal Loan with the lowest interest rate in Chandigarh?

    Knowing the components of a loan that affect the interest rate is imperative when applying for a loan. Most people, blindly avail loans from the banks holding their salary account and leave all the calculations and assessments to be made by the bank. For first-timers, these are the areas you need to look into and improve if you wish to avail a personal loan at the lowest interest rate possible.

    Credit score - The credit score of the individual directly influences the interest rate that the bank will offer you when availing a loan. If the credit score is good (anything above 750), the interest rate offered by the bank will be low. If the credit score is below 750, the bank will place a higher interest rate on the loan.

    Down payment - Making a down payment upwards of 20% of the loan amount will result in you getting a better interest rate on the personal loan.

    Debt-to-income ratio - When a bank or NBFC makes a verification of the credit profile of the loan applicant, the debt-to-income ratio is one of the first things that is taken into consideration. Having a debt-to-income ratio less than 40% of your monthly net income is ideal when availing a loan. If it is more than 40%, the bank might reject the loan application (based on your income) or might apply a higher interest rate if the application comes through.

    Loan shop - Facilitating the use of financial portal such as BankBazaar has made loan shopping easy. Using the BankBazaar website, individuals can compare loan offers from different banks and NBFCs and choose one that suits their financial situation. In addition, customers can even make EMI calculations and check their CIBIL score on the website.

    Experience and employer - The number of years of experience you have and the company you work for affects the bank’s decision to either give you a higher or lower interest rate. Working for a reputed company will increase the bank’s trust in you making the repayment in time.

    Negotiate - One of the more important aspects when availing a loan is to negotiate with the bank executives on the interest rate of the loan you wish to take out. Making a negotiation might just get you an ideal interest rate on your loan.

    Personal Loan Interest Rates in Chandigarh 2017

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 10.99% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35% (Fixed) Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One time fee) Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Chandigarh

    When banks and NBFCs are verifying the application for a loan, one of the main aspects of the applicant’s details that they look into is the salary income of the individual. The salary income requirement varies between banks and NBFCs.

    For salaried individuals: The salary requirement to avail a personal loan generally ranges between Rs.7,500 and Rs.50,000.

    Self-employed individuals: To have their loan approved, self-employed individuals should show proof of income for the last two years. Generally, banks and NBFCs have a minimum income requirement between Rs.1 lakh and Rs.2 lakh (profit).

    Chandigarh Personal Loan FAQs

    1. What is the basic eligibility criteria when applying for a personal loan?

    Individuals applying for a personal loan should have a regular or stable income, should have a good credit score, and a balanced debt-to-income ratio.

    2. What is the usual tenure of a personal loan?

    Personal loans have tenures ranging between 1 and 5 years. 1 year being the minimum and 5 years being the maximum tenure of a loan.

    3. Can I avail a joint personal loan?

    Yes you can, provided that person is a close relative or a spouse. By doing so, the income will be much higher, giving you the opportunity to avail a bigger loan.

    4. Is choosing the lowest EMI the best option?

    Choosing a low EMI will result in the tenure being longer and the interest rate higher. Choosing a shorter tenure is always a better option though your debt-to-income ratio has to be taken into consideration.

    5. I have a debt-to-income ratio of 60%. Will my loan get approved?

    Chances are that your loan could be rejected. Having a debt-to-income ratio of 40% at max is ideal. 


    Check For Latest: Gold Rate in Chandigarh Or Silver Rate in Chandigarh

    Chandigarh Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good option"
      0.5 4.0/5 "Great!"
      Bank Bazaar has various option in the site, it shows different interest rate, EMI details etc. Even website information is very helpful to the customer. Meanwhile it would be great if Bank Bazaar take care of post process, they should check with the customer whether the request is processing or not and also should provide proper update to the customer.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 17, 2017
    • Standard Chartered Bank Personal Loan
      "Communciation and coordination should be there"
      0.5 2.0/5 "Expected more"
      No body got back on my personal loan request from Standard Chartered bank. Very first I got a call from online channel to confirm my requirement. But from the bank, they responded, I would like to suggest they should give quick response and communication part should be improved with the bank.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 17, 2017
    • SBI Personal Loan
      "Services are good and high on ROI"
      0.5 5.0/5 "Blown Away!"
      I have also taken a personal loan from State Bank of India and the process to get the loan is smooth. The documentation is a easy process and the disbursement on time. The interest rate is on the higher side. It was around 14% and the processing charges is also normal.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT SERVICE REMARKABLE EASY UNDERSTAND TO EACHPERSON"
      0.5 4.5/5 "Excellent!"
      QUICK AND EASY TO OPERATE. A PERSON LITTLE KNOWLEDGE RECEIVE BENEFIT FORM BANK BAZAAR AND FUFILL HIS REQUIREMENTS I RECOMMEND TO ACCEPT SERVICES OT HIS ORGANISATION REGARDS HAPPY DIWALI TO ALL OF YOU AND TEAM I HAVE NO WORD TO APPRECIATE UR SERVICE.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 15, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank. The loan amount was 3.27 lakhs and the rate of interest was 16% which was average. They have provided doors step service for the documentations service and sanctioned the loan with the committed time also. So i would like to rate 5 out of 5 overall.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 10, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with AXIS bank. The loan amount was 1 lakh and the rate of interest was 11-12% which was average . The EMI period was 2 years. They have provided doors step service for the documentation service and They have sanctioned the loan with the committed time also.My overall experience was good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 09, 2017
    • HDFC Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      HDFC bank is extremely good.The customer support was nice in contacting me and informing me the details and in collecting my documents. The rate of interest was of 14% which was a very good deal I have almost payed the loan amount..Iam happy in all.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 08, 2017
    • Fullerton Personal Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      My personal loan with FULLERTON was good It was 4 to 5 years before.It met my exception level for the loan and In term of interest and process fee was really high when compare to other bank its around 35% Rate of Interest.Overall inexperienced and ineffective.Everything was OK Just Rate Of Interest was high that disappoints me.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 08, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      Bankbazaar provides the best bank options site it was great experience for me to go through the options and filling the application.After applying through bankbazaar the very next day i got a call from executive stating about my application,Very good site to navigate website portal also is very good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 08, 2017
    • Fullerton Personal Loan
      "AVERAGE"
      0.5 2.0/5 "Expected more"
      Firstly i would like to say that my loan dint got approved from Fullerton,I dint even got a message stating that my loan dint got approved that too i gave a call to them then they said,initially they dint said anything,No proper reply from them.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 08, 2017
    • Bank Bazaar Personal Loan
      "Excellent experience.."
      0.5 4.5/5 "Excellent!"
      Very good experience...totally, hassle free services. Everyone must try. Good customer care department & getting confirmation time to time. Bank Bazar app is so awesome...all time best app... All ur bank details , credit card purchasing & bank account balance now in one bank bazaar app.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 08, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      Customer service was good from the HDFC bank side for the personal loan I applied for . I just took the loan one month ago of rupees five lakhs . The rate of interest given to me was 11.9% and they never charged me any processing fee or any thing extra . I am happy with the experience
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 04, 2017
    • YES Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I took this personal loan from the YES BANK in the year 2007 . The amount was of rupees 50,000 . It was for four years the loan period , and the rate of interest was 11% the processing fee was there I don't remember how much . The customer service was really good from the bank side . I liked the experience fully .
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 04, 2017
    • Bank Bazaar Personal Loan
      "Good financial advsior"
      0.5 4.0/5 "Great!"
      Regular follow up is good in Bank Bazaar, the website is information attractive and also its very useful to check the various interest and also easy to compare the offers which is available in the market. Overall I am fine with them, even I will prefer this site.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Sep 25, 2017
    • HDFC Bank Personal Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I was looking for lower interest on personal loan but HDFC offered me the interest rate around 14% it was huge and not competitive, I am fine with their service part, they contacted me and gave me the regular follow up. But I am not convinced with the interest rate provided by HDFC Bank.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Sep 25, 2017
    • Bank Bazaar Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar has done a good job. The prompt response was nice and there were no hassles in getting connected to a bank. The website is also good and there were proper follow up calls in the process. It was smooth and easy to get the information of the banks.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Sep 16, 2017
    • Standard Chartered Bank Personal Loan
      "Recommendable"
      0.5 5.0/5 "Blown Away!"
      It was good enough at Standard Chartered Bank for the personal loan. The team followed up and they were helpful to guide me on the process. The initial rate of around 11%, but when they started to calculate the other terms it was around 13%. But I am glad that they were very clear on the rate of interest, they informed me about is on a step to step process. The processing fee was zero.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Sep 16, 2017
    • HDFC Bank Personal Loan
      "Customer Friendly"
      0.5 5.0/5 "Blown Away!"
      I took HDFC personal loan before eight months, at the time they offered me 10% of interest for the loan amount of Rs. 3 lakhs, I am fine with the EMI amount and my due date falls on 4th of every month. After GST also my due date was not changed, HDFC used to send notification before the due date its good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Sep 01, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 4.5/5 "Excellent!"
      The services at Bankbazaar has been up to my satisfaction. It was a nice experience from them because the communication was one stop shot clear. I got response immediate and they gave me different option, then I have processed the with ICICI. It was a hassle free experience over all.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 16, 2017
    • ICICI Bank Personal Loan
      "AVERAGE"
      0.5 3.5/5 "Pretty good"
      My personal loan is with ICICI Bank. It was delayed for 15 to 20 days but the after services from them was on time through the whole process. The documents were taken on time but they had issues this documents wasn't there kind of, I have even escalated this issue to branch manager later after 20 days my loan got disbursed.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 16, 2017
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