Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Chandigarh Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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 Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Good to Know
    Eligibility Criteria
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% 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
    Think about
    Fees & Charges
    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
    Good to Know
    Eligibility Criteria
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  • Chandigarh Personal Loan Reviews

    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      The follow up and the response is really good with bank bazaar. The bankbazaar executives helped me a lot in concern to my personal loan application. I am aware of bank bazaar through advertisements. I am with bank bazaar for more than a year. The web site with bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jul 11, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Due to the low credit score, ICICI executives told that its not possible to proceed with my personal loan application. The customer service and the response is good with ICICI bank. The rate of interest is nominal with ICICI . The service which was given by ICICI was good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jul 11, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      HDFC Is very fast, they are too good in understanding the customer. More over they are helpful and customer friendly. The best part, I like their service when I applied for the personal loan they done fast process and fulfilled my needs I have my salary account with them and based on that they have offered me personal loan and a credit card as well.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 29, 2017
    • Bank Bazaar Customer Support
      "Good Site"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar site is good, When I post my request for the personal loan. I got quick response from them and connected with the bank. The site is also good to check the financial products without any hassles. I am very fine with that I don't have any issues.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Its Better"
      0.5 5.0/5 "Blown Away!"
      I had been travelling out of country, I don't have time to go head for further process with Standard Chartered. Hence I inform to the bank to process my loan during the month of July. Therefore my personal loan application got closed. So far I didn't face any issues with them till date.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Userfriendly and supportive website"
      0.5 5.0/5 "Blown Away!"
      It was good experience with Bank Bazaar, first time I used Bank Bazaar site, I found right loan product through their support. Website application is good, whatever I searched related to personal loan, I got the same. Response time is quick and their service is prompt.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 16, 2017
    • Standard Chartered Bank Personal Loan
      "Its Userfriend process"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered loan experience is good, they have taken only four to five days to disburse the amount as per my request. The interest rate is also nominal for the processing and they provided zero processing fee. I am very much satisfied with their service.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 16, 2017
    • Bank Bazaar Customer Support
      "Prompt service"
      0.5 4.0/5 "Great!"
      Bankbazaar services are very prompt. I had received proper service from them and there was no issues when I approached them for the loan requirement. Responses are really appreciable and the website is quite good to use. I am satisfied with bankbazaar service.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 14, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      HDFC is a good bank. Recently I approached them for the personal loan. The provided good response for my application and I never faced any issues with them. Due to some reason the application been closed. But the services provided by HDFC Bank is pretty good.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Jun 14, 2017
    • ICICI Bank Personal Loan
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with the ICICI bank but it got rejected because of some previous credit history. Rate of interest with the ICICI bank was around 11.49%, which was really good and the customer service is good one with them.
      Was this review helpful? 3
      , chandigarh
      Reviewed on Jun 09, 2017
    • Axis Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My personal loan is from Axis bank and the process in getting my loan was smooth and easy I took this loan long back and now Its closed I don't remember the exact rate of interest and processing fee was somewhat around 2000 rupees and the EMI was 9000 rupees approximately and it was for three years.
      Was this review helpful? 3
      , chandigarh
      Reviewed on Apr 10, 2017
    • Bank Bazaar Customer Support
      "Good "
      0.5 4.0/5 "Great!"
      Bankbazaar.com is good and they have provided the immediate response for my queries and I have felt its really good. Customer service is really fine one for me and I have used it for first time, also I have felt really happy.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Apr 01, 2017
    • Capital First Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      Interest rate is around 15% flexible one with the Capital first limited and the customer service is good one with them. Loan amount got disbursed to my account within four days of time. Response is good one with them and the processing charges are nominal one with them.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Apr 01, 2017
    • Bank Bazaar Customer Support
      "Convenient and Best Advisor"
      0.5 5.0/5 "Blown Away!"
      The best thing in Bank Bazaar, as soon as I placed the request, I got immediately response from them within two hours of time. Bank Bazaar made my work very convenient, I got best interest rate on personal loan through Bank Bazaar.com, The application is good and easy to use.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Mar 30, 2017
    • Kotak Personal Loan
      "Its Fine"
      0.5 4.0/5 "Great!"
      Kotak service is really good, they came directly to my home and collected the documents and done the fast process. Kotak have forwarded the loan details through mail and asked my confirmation to release the amount, now disbursement is under process.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Mar 29, 2017
    • HDFC Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      HDFC bank has always given me pre approved offers and I have taken my personal loan from them. They made the process simple and easy for me by not taking much of paper work and it was swift as well. I been using this bank for long and they have always been great.
      Was this review helpful? 2
      , chandigarh
      Reviewed on Mar 21, 2017
    • Capital First Personal Loan
      "Quick in response"
      0.5 5.0/5 "Blown Away!"
      Since I got a better rate of interest with my personal bank. I did not go ahead with Capital first. The rate they offered me was around 14%. The processing charges was also on the higher side. The services and response was good and it was a timely process.
      Was this review helpful? 2
      , chandigarh
      Reviewed on Mar 21, 2017
    • Bank Bazaar Customer Support
      "One centre point to pick up any financial products."
      0.5 5.0/5 "Blown Away!"
      The Bank bazaar was so good in follow up. It connects with the exact bank to get a good deal. They are really doing good in response and they are giving the good options to choose with different kinds of Bank. Bank bazaar is in a right track to reach the customers. Bank bazaar web portal is easy and very user friendly. Over all bank bazaar is really doing good with all aspects by providing all kind of financial products.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Mar 20, 2017
    • ICICI Bank Personal Loan
      "Must improve "
      0.5 3.0/5 "Satisfactory"
      The ICICI bank has very bad customer service, while availing for my personal loan, one of the ICICI employee was upset with on me for no reason. The ICICI bank is very bad in responsiveness. Need to be improved a lot to handle the customers in a proper and profession way. Apart from that my loan got disbursed within 4 to 5 days of time. Documents collected was on the assigned date.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Mar 20, 2017
    • Bank Bazaar Customer Support
      "Friendly Website"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar gave satisfactory service on my personal loan application. It is very good and they were very fast in processing the request and they helped me to connect with Fullerton. Website is also easy and understandable to check about all the financial product information.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Feb 16, 2017
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    Chandigarh Personal Loan is Rated as "Great!" by 242 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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 24 Jul 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
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