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
    10.99% - 15.99% Fixed
    Up to 2%
    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
    Think about
    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
    What you'll love
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    Perks
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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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    Fees & Charges
    Good to Know
    Eligibility Criteria
    14% - 33% 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
    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
    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
      "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
    • Bank Bazaar Customer Support
      "Helpful"
      0.5 4.0/5 "Great!"
      Bankbazaar.com is good one and am using it for the first time. Service aspects are really good and I really like their way of response, which is really a faster one, which I have experienced.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 11, 2017
    • ICICI Bank Personal Loan
      "Good experience "
      0.5 4.5/5 "Excellent!"
      My experience was good one with the ICICI bank adn the response was a faster one for the personal loan. The loan amount got disbursed within fourteen days of time and the interest rate is around 17.99%.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 11, 2017
    • Standard Chartered Bank Personal Loan
      "Great response"
      0.5 5.0/5 "Blown Away!"
      Like the services rendered by SCB, as I applied for the loan online there was a great response from the team. Interest rate and processing fee charged by SCB was really good. The only pitfall here is the EMI deduction date as is not good and it happens on 1st of every month.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 10, 2017
    • Bank Bazaar Customer Support
      "Go to Bank Bazaar for urgent needs"
      0.5 5.0/5 "Blown Away!"
      When I entered my details for the personal loan in Bank Bazaar, within 15 minutes I got a call from them to guide on the loan process. They immediately helped to get connected with the ICICI by educating that bank benefits, Bank Bazaar is a recommendable portal for all banking needs.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 04, 2017
    • ICICI Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      They have done good documentation process on personal loan. ICICI have taken nine days to process the loan. Rate of interest was around 14.5% for the principal amount 1.5 lakhs with the tenure three years. ICICI is good but before collecting the documentations it was not so good then process completed quickly.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 04, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 4.5/5 "Excellent!"
      The services at Bankbazaar has been overall good and it was hassle free, but there is always a scope for improvement. I had a smooth process and there were no issues or delay faced with the customer support team. Everything was on time and satisfactory overall.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 04, 2017
    • Standard Chartered Bank Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      It was a nice experience with Standard Chartered Bank for the personal loan. The process was on time and the paper work was also collected as promised. The after loan services has been perfect too. The ECS has been taken and I got the loan letter as soon as the disbursement happened.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 04, 2017
    • Bank Bazaar Customer Support
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      It was a fantastic experience with Bankbazaar and I would wish to rate them more than five stars. It was a great process and the I did not face any inconvenience. There were proper follow ups done and there was no delay from the moment I registered.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 04, 2017
    • Kotak Personal Loan
      "Happy with the services"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Kotak Mahindra Bank for the personal loan. The bank was on time to contact me and give me the details. The documentation was taken on time and the funds was disbursed as needed. I am also comfortable with the interest rate and processing charges.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 04, 2017
    • Standard Chartered Bank Personal Loan
      "Hassles free service"
      0.5 5.0/5 "Blown Away!"
      Personal loan process with Standard Chartered Bank was absolutely good and excellent. Everything went smooth, quick and hassles free. I did not face any kind of issues with the bank and I am satisfied with the loan process of SCB.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 03, 2017
    • Bank Bazaar Customer Support
      "Perfect"
      0.5 5.0/5 "Blown Away!"
      I could say that I had received a proper service from bankbazaar. I approached them for the loan process they provided a good service for me. Also the website is really good and informative at the same time it is quite easy to handle and to apply for the loan
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 03, 2017
    • SBI Personal Loan
      "Fair service"
      0.5 3.0/5 "Satisfactory"
      It is easy to go with SBI for the loan for the government employees. I took personal loan from SBI and the rate of interest is 12%. But the time when I availed the loan, interest rate was around 13.3 % now it had been reduced to 12%. Also it is a floating type of interest. But I am not happy about the process because they were taking too much of time to done with the process.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 02, 2017
    • 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
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    Chandigarh Personal Loan is Rated as "Great!" by 256 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 17 Aug 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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