Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Chandigarh Personal Loan
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    Interest Rate Range
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    Loan Amount
    Tenure Range
    10.99% - 17.99%
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    30L Max
    1-5 Years
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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
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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
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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
    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
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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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    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
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • Chandigarh Personal Loan is Rated as "Great!" by 285 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Chandigarh Personal Loan

    Chandigarh is a popular city as well as a union territory. It functions as the capital for 2 neighbouring states, viz. Punjab and Haryana. The city has a marvellous layout, which was planned and designed by Le Corbusier, a talented Swiss-French modernist architect. The city is administered by the Union Government, and not by any of the 2 states. The population in this city is 10.6 lakh as of now.

    If you are interested in applying for a personal loan in the city of Chandigarh, you can choose a bank or a non-banking financial company (NBFC). You will be able to apply online by visiting your lender’s official website or by going on a neutral third-party financial web portal. You could also use the conventional method of applying for a loan by directly going to your lender’s branch.

    Before you apply for a loan, make sure you calculate your prospective equated monthly installments (EMIs) by using an online EMI calculator. You should also make it a point to compare multiple rates of interest, processing fees, prepayment fees, and other charges to get a clear idea about your overall personal loan expenses.


    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 18 Nov 2018

    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 Loans offered by Various Lenders in Chandigarh

    A few of the prominent banks and non-banking financial companies (NBFCs) that offer personal loans in Chandigarh include:

    • Bank of Punjab
    • UCO Bank
    • IndusInd Bank
    • Punjab and Sind Bank
    • Kotak Mahindra Bank
    • Karnataka Bank
    • Oriental Bank of Commerce
    • State Bank of India (SBI)
    • The Chandigarh State Co-Operative Bank Ltd
    • Unit Trust of India
    • Karur Vysya Bank
    • Indian Overseas Bank
    • ING Vysya Bank
    • Standard Chartered Bank
    • City Union Bank Ltd
    • Dena Bank
    • Deutsche Bank
    • Tata Capital
    • Citibank
    • Andhra Bank
    • Canara Bank
    • IDBI Bank
    • Aditya Birla
    • Vijaya Bank
    • ICICI Bank
    • Axis Bank
    • HDFC Bank
    • Syndicate Bank
    • Punjab National Bank
    • Corporation Bank
    • South Indian Bank
    • Karnataka Bank
    • Federal Bank

    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% to 19.99% p.a. Up to 2.5% of the loan amount Up to Rs.30 lakh 1 to 5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton India 11.99% to 23.99 p.a. Information not provided. Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals 1 to 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 14% to 26% p.a. Nil Rs.25,000 to Rs.15 lakh 6 to 36 months
    Allahabad Bank Information not provided 1.06% of loan amount Information not provided. 1 to 5 Years
    Yes Bank 14% p.a. Up to 2% (One-time fee) Rs.2 lakh to Rs.20 lakh 1 to 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 service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR for while . Overall Bank Bazaar is a great platform to compare and choose the right banking products. I came to know about know about Bank Bazaar through online . I never had any issues with their services and customer support .
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 15, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with ICICI BANK , they gave 5year of tenure period . They charge very high rate of interest and processing fee .The experience with this bank is pretty good , i did not face any issue at the time of documentation even the process was very quick
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 15, 2018
    • Axis Bank Personal Loan
      "If the interest rate is decreased then it will be excellent"
      0.5 4.5/5 "Excellent!"
      I have taken a personal loan in Axis Bank. The loan duration is 4 years. Am paying the premium as 6000 rupees, need to pay for another 3 years. The experience is good but the rate of interest is more 18%. The service is too fast and I got the loan in a single day.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 10, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      The customer service and response was very good in bank bazaar.I am using bank bazaar for about 3 to 6 months. It is easy to get a loan, check the credit score and to do a comparison with other banks. I am using bank bazaar website and the site is very much user friendly.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 10, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The customer service is very good in Early Salary. I want to take 25K and they have given the same amount. The rate of interest is low compared to others. The loan duration is 3 months. The premium is 9000 rupees and it will be paid through net banking. Each and every time they required documents which was not compulsory.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 10, 2018
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am using the Bank bazaar services from past one year i am satisfied with the customer service from the Bank bazaar they explained the details of the loan added on that they are responsive. I am using the website it is user friendly also it is good.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Nov 04, 2018
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My experience is very good by taking the personal loan through the INDUSIND BANK. I got loan within approximately 3-4 days. The rate of interest is 12% and added on that the duration is for five years to repay my loan. I am satisfied with the services rendered by this Bank.
      Was this review helpful? 2
      , chandigarh
      Reviewed on Nov 04, 2018
    • SBI Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been good and the loan amount which they had provided also had been good. There has not been any sort of additional charges made by them and the processing fee has been good. There has not been any interest rate has also been good as well when compared with the market rate.
      Was this review helpful? 3
      , chandigarh
      Reviewed on Oct 19, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with ICICI bank the loan amount is 5 lakhs.the rate if interest is 12.75% nominal like other banks.They had deducted 2% as processing fees from the principal amount,foreclosure is 5% including GST.No part payment option is avialible with this bank.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Nov 20, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was good with HDFC bank, i submitted all my documents. online. I had taken loan for Rs 7.5 lakhs with good rate of interest. Customer service was good and i liked their way they responded. The process was very smooth and easy, the loan amount was approved within the given time.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Nov 15, 2017
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is the good platform the customers to choose the right product as per the need and eligibility.The executives guide the customer and explains the product details.I have got my personal loan request done through bank bazaar,will continue to choose the option for my future needs.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • Standard Chartered Bank Personal Loan
      "Best banking"
      0.5 3.0/5 "Satisfactory"
      I had applied for a personal loam with Standard chartered bank.The loan amount is 2.5 lakhs,rate of interest is 9% higher as compared to others.Bank has got too much of hidden charges charged on the account otherwise the banks service is best.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • Syndicate Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      The experience with Syndicate Bank in regards to Personal Loan was great. They gave me a proper Loan, to start of the processing time for it was low and the documents were not a hassle. Other than that they gave me a low EMI too. I never had a single issue throughout the Loan.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • ICICI Bank Personal Loan
      "Bad experience "
      0.5 3.0/5 "Satisfactory"
      I had a bad experience for the Personal Loan I got with ICICI Bank. The last three payment was not made due to some cheque issue, and came to know about it only after 8 years. This seriously affected my Credit Score. I wish they could have made a contact with me regarding this.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 11, 2017
    • SBI Personal Loan
      "Rate of Interest was high"
      0.5 4.0/5 "Great!"
      The experience with State Bank of India in regards to my Personal was a good one. I got the Loan for really emergency usage and they provided me with a good loan. Only thing I felt let down was with their Rate of Interest of 14%, which I feel is a little high.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Satisfied with the experience"
      0.5 5.0/5 "Blown Away!"
      It was a satisfactory experience with Bankbazaar and there was a proper response from the team. It was immediate and there were no hassles to get connected to the banks. The website has detailed information about the banks and in all there are no issues.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 01, 2017
    • ICICI Bank Personal Loan
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I postponed my plan as my requirement was not there at that moment. So I did not have the necessity to take the personal loan from ICICI Bank. The customer services are good and the experience is nice. They contacted me and informed me the details and the rate of interest and charges is also normal.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Nov 01, 2017
    • Bank Bazaar Personal Loan
      "Good guide"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar was always with me.They gave me good options and they even provided good suggestion. It would be much better if all the locations were included in the website more than considering only the major cities. The follow ups and services with bankbazaar is also good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 28, 2017
    • Kotak Personal Loan
      "Very high rate of intrest"
      0.5 2.5/5 "Just OK"
      I have cancelled the personal loan application with KOTAK MAHINDRA BANK,since the rate of interest is very high. The given rate of interest was 16% for 3 lakhs that was to high.And also i got only one call from there end and the follow up was also not upto the mark
      Was this review helpful? 0
      , chandigarh
      Reviewed on Oct 27, 2017
    • 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
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