Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Dehradun Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0 to ₹1,180
    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 Paperless approval available
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    Customer Reviews
    10.99% - 20.70% 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
    12.99% - 12.99% 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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    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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    Fees & Charges
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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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    Eligibility Criteria
    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
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 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
    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 Paperless approval available
    What you'll love
    Documents
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  • Dehradun Personal Loan is Rated as "Great!" by 114 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Dehradun Personal Loan

    Dehradun, the capital city of Uttarakhand is one of the speediest growing urban settlements in India. And that too from every aspect, making it the next booming spot for industrialization in the nation, eyed conspicuously by many A-grade companies of the current era for setting up their production units for business.

    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.


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

    01
    02
    03
    04
    Dehradun Personal Loan Minimum Age

    At least 21 years old

    Dehradun Personal Loan Maximum Age

    Less than 65 years old

    Dehradun Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Dehradun Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Dehradun Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Dehradun Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Dehradun Personal Loan Maximum Loan Funded

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

    Dehradun Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Dehradun Personal Loan amount by these steps

    01
    02
    Dehradun Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Dehradun

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Dehradun 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

    Dehradun Personal Loan Interest RatesUpdated on 12 Dec 2017

    Dehradun 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
    Apply for Personal Loan

    Personal Loan in Dehradun

    A personal loan is an unsecured debt that is taken by individuals from a bank or an NBFC to fulfill their personal needs. You can avail a personal loan for buying a car or a house, for your child’s future education, or even for medical requirements. An increasing number of individuals are opting for personal loans for most of their big-ticket purchases, as the repayment can be done in easy monthly installments. The repayment of a personal loan in a timely manner also improves your credit score to a large extent.

    Banks consider certain factors when granting a personal loan to applicants. Some of these include the income level of the borrower, his/her history of employment, credit score, and capacity to repay the loan.

    The interest rates on personal loans are usually higher than car loans or home loans, as you are not securing the debt with a collateral. However, some banks offer secured personal loans with lower interest rates that can be availed in situations when the borrower does not have a good credit score.

    Personal Loans offered by various banks in Dehradun

    Individuals can apply for personal loans at various banks and NBFCs in Dehradun. These banks also offer business loans, core banking services, commercial lending, asset management, and investment guidance. Some of the banks that offer personal loans in Dehradun are listed below:

    • HDFC Bank
    • Citibank
    • Bajaj Finserv
    • IndusInd Bank
    • ICICI Bank
    • RBL Bank

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

    A personal loan is taken for a personal financial need and the bank is not liable to monitor its usage. A low EMI on personal loan does not necessarily mean that you are paying a lower amount in the long run.

    A low EMI usually results from a long repayment term, low interest rate, or a combination of the two. In certain instances, you may even pay a higher interest to your lender when you opt for a lower EMI. Using online tools like the Personal Loan EMI Calculator is beneficial as it helps you understand your interest payout for the loan tenure and your capacity to repay the loan before you take it.

    You can also compare loans and identify the banks that offer the lowest rates. Getting a low interest rate helps you save money over the loan tenure. The following points indicate the ways in which you can secure a loan with a low interest rate in Dehradun:

    1. Display creditworthiness - You would first have to understand the importance of your credit score and the role it plays in the sanction of a loan. Your credit score depends on your credit history, and is hence, a measurement of your ability to repay a loan. If you have a low credit score, this is an indication to the lender that you may be unable to repay your loan. This puts you in the high risk bracket for a personal loan. To compensate for this risk, the lender charges a high interest rate on your loan.

      Customers will be able to check their credit scores online at any of the credit reporting bureaus, i.e., TransUnion/CIBIL, Experian, and Equifax. It is possible to get your credit score for free, in case you do not require an elaborate report. Having a high credit score (above 700) is an indicator of your creditworthiness.

    2. Improve your credit score - If you have a low credit score, you can attempt to improve it. In case you are able to wait for a few months (or even years) before availing a personal loan, you can build a better credit before the loan application. In line with this, you can negotiate with lenders or inculcate better spending habits to improve your credit score. In order to improve your creditworthiness, you will have to make your EMI payments on time on a consistent basis. When you follow this for a few years, you will significantly improve your credit score.
    3. Getting better terms on your loans - As mentioned above, some banks enable you to avail a personal loan with a lower interest rate if you provide a collateral under the debt. The collateral can be an expensive asset, like property or a car. This way of getting a personal loan is more beneficial to individuals with a low credit score. After you have pledged as collateral against a loan, in case you are unable to repay the loan, the lender takes possession of the asset.
      • You can also consider taking a floating rate personal loan, where the interest rate increases when the prime lending rate goes up.
      • You can request a family member or a friend to co-sign your loan. This is advantageous when your co-signer has a good credit score.
      • Additionally, you can compare personal loan rates across banks and narrow down on a good deal by utilising the loan comparison facility online. Several third-party financial websites offer this service, and it is available free of cost.

    Personal Loan Interest Rates in Dehradun 2017

    Bank Interest Rate Range Lowest EMI for each Rs.1 lakh Processing Fee Range
    HDFC Bank 10.99% to 20% Rs.2,174 Up to 2.50%. Minimum amount is Rs.1,000 and maximum amount is Rs.25,000
    Citibank 10.99% to 16.49% Rs.2,174 Up to 2%
    IndusInd Bank 11.99% to 23% Rs.2,224 Up to 2.50%
    RBL Bank 16% to 20% Rs.2,432 Up to 1.25%
    Bajaj Finserv 11.99% to 15.50% Rs.2,224 2.25% to 3%
    ICICI Bank 11.59% to 22% Rs.2,204 Up to 2.25%

    Salary requirements to avail Personal Loans in Dehradun

    • In order to be able to apply for a personal loan, you have to be between 21 and 60 years of age.
    • A salaried individual should earn a minimum income of Rs.15,000 per month. The salary requirement also depends on the city the applicant resides in and the company he/she is employed with. For instance, an applicant residing in a metro will have a higher minimum salary criteria than one living in a non-metro. An applicant working in a reputed company will have a lower salary requirement than one that works in a start-up.
    • The applicant is also required to be employed for a minimum of 2 years to be eligible for a personal loan in Dehradun.
    • Additionally, he/she should have stayed in Dehradun for at least 1 year.

    FAQs for Personal Loan in Dehradun

    1. How much loan can an applicant avail?

      The amount that an applicant can borrow largely depends on his/her income, employment type (salaried or self-employed) and credit history. Generally, banks limit the loan amount to a value that is not more than 40-50% of the applicant’s monthly income. All the existing loans that are serviced by the applicant are also taken into consideration when calculating the amount.

      If the applicant is self-employed, the loan amount is determined on the basis of the profit that he/she has earned recently (as per the acknowledged profit/loss statement). The bank also takes into account the existing liabilities/loans of the business.

    2. What is the difference between floating and fixed interest rates?

      The EMIs are fixed for a personal loan with fixed interest rate. If the applicant opts for a floating interest rate loan, then the EMIs will decrease progressively, as the interest will be based on the reducing balance method. The latest MCLR rules suggest that floating rates may change either half-yearly or annually.

    3. What is the difference between prepayment and preclosure of personal loan?
      • Prepayment - This indicates that the borrower has paid off a part of the loan before it becomes due according to the EMI schedule. Prepayment charges are generally between 2-5% of the outstanding loan amount. Several banks do not allow prepayment of the loan before the borrower pays a specified number of EMIs.
      • Preclosure - This refers to the borrower completely paying off the loan before the end of the loan tenure. Preclosure charges may range from 2-5% of the loan amount.
    4. How long does it take to receive an approval for my loan application?

      Loan approval is completely based on the discretion of the lender. The entire loan sanctioning process will be completed between 2 days to 2 weeks. After the applicant submits all relevant documents for the personal loan, the bank verifies the same and sanctions the loan. The loan will then usually be disbursed within 7 working days.

    5. Why are my initial EMIs not reducing the principal amount significantly?

      A large portion of the initial EMIs you pay are set off against the interest due on your loan. This process is referred to as front loading. Therefore, only a small portion of your principal amount is paid off in the initial loan repayment period. As you progress further on the EMI payments, the interest on the outstanding amount would have reduced to a large extent. Hence, a larger part of the EMI is used to pay off the loan principal.


    Dehradun Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Friendly website"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar service is good and comfortable.They keep on calling me for everything. The customer service and response with the bank is also good. The website s really user friendly. it is easy to navigate. i did not find any difficulty with the service.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with ICICI bank. And my requirement was about 4 lakhs. I think they have contacted and i could not able to pick up the call. Yes i am totally satisfied with the bank and the response given. In future i can check with them again.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "Good platform for financial products"
      0.5 5.0/5 "Blown Away!"
      I have the Bankbazaar app and i find it to be very useful for me to get information on the current available financial products and offers in the market. I find it to be a good platform to know the different bank norms at one place. I also find the customer service to be up to the mark.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 07, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My experience with HDFC bank for a personal loan has been good. My application has been acknowledged by them and they have made sure to keep in constant contact with me at each step of the procedure. I find the service and response from them to be good.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 07, 2017
    • Bank Bazaar Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      It has been a year now since, I started t use the services of bankbazaar.com. I had applied for the loan through Bankbazaar.com website is very much easy for navigation customer service was nice it was totally a good experience with Bankbazaar.com with regards to personal loan.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 07, 2017
    • ICICI Bank Personal Loan
      "Worst service"
      0.5 1.0/5 "Really Bad"
      It was not at all a fast service with ICICI they took 4 days to process and also they need to improve the process as well the response but customer service is awesome and the interest rate they quoted me was 10.99 which was fine compare to others in the market ,I feel ICICI has to improve their service more.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 07, 2017
    • Bank Bazaar Personal Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      The experience at Bankbazaar is good and the customer services are also satisfactory. They have done a good job by contacting me on time and they also continued to follow up as well.The website is also very informative and very much useful to every customer.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 01, 2017
    • ICICI Bank Personal Loan
      "Need to be more professional"
      0.5 1.0/5 "Really Bad"
      After me applying for a personal loan with ICICI Bank. I got a response from the bank and I informed them about my requirement that I needed a loan amount of four lakhs. As soon as I did my call was disconnected and when I contacted the number back I got no response.
      Was this review helpful? 0
      , dehradun
      Reviewed on Nov 01, 2017
    • Bank Bazaar Personal Loan
      "Bankbazaar is good"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar is a very good website, that I found through a normal google search. I was able to find all my options in a single place. I had an oppurtunity to compare all the offers. Consequently, I was able to choose bank that I liked the most. Good work, I like the website.
      Was this review helpful? 0
      , dehradun
      Reviewed on Oct 12, 2017
    • ICICI Bank Personal Loan
      "Quick approval"
      0.5 3.0/5 "Satisfactory"
      I had a very good experience with ICICI bank, the loan was approved pretty fastly and correspondingly all the process happened quickly. The rate of interest is 15.5 % which is of higher side but that's alright considering the hazzle free nature of the approval.
      Was this review helpful? 0
      , dehradun
      Reviewed on Oct 12, 2017
    • Bank Bazaar Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      Bankbazaar is a very good platform for financial products. I have been using the website and find it to be very helpful. It helps to get details on the bank norms and an overall view on the requirements of different banks. I am happy to say that is has been a good experience with them.
      Was this review helpful? 0
      , dehradun
      Reviewed on Oct 10, 2017
    • ICICI Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I had applied with ICICI for a personal loan but did not proceed further with the application as i had applied through other sources. My experience with them at the initial process with acquiring information was good as i received good service too from them. However i feel there could be more follow ups done apart from that i have no other issues.
      Was this review helpful? 0
      , dehradun
      Reviewed on Oct 10, 2017
    • Bank Bazaar Personal Loan
      "Nice website"
      0.5 4.0/5 "Great!"
      I am a old customer of bankbazaar. They are really good in the industry. They give regular follow ups if we register for any products with bankbazaar. The executives of bankbazaar were very helpful and professional. Therefore, I would say I am a happy customer of bankbazaar.com.
      Was this review helpful? 0
      , dehradun
      Reviewed on Sep 15, 2017
    • Bajaj Finserv Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      Bajaj Finserv took around 7 months to disburse my loan amount after approving the loan. I have applied the loan when I was in Chennai and It got disbursed after few months when I moved to north. The rate of interest is nominal with Bajaj is nominal. The processing fee and the charges were average with Bajaj Finserv.
      Was this review helpful? 0
      , dehradun
      Reviewed on Aug 29, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      As soon as I applied personal loan from bank bazaar I got immediate response from bank bazaar and I would say It is an one stop solution we just need to apply for the loan the rest of the things were taken care by bank bazaar. It is helpful to compare and choose the best products. The website of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , dehradun
      Reviewed on Aug 29, 2017
    • Fullerton Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      It was good and smooth process with Fullerton in regards to my personal loan disbursement. The status Updation was prompt with Fullerton. They have disbursed the loan amount within 4 to 5 days of time. The rate of interest was high when compared with others. The processing fee and the charges are similar to other banks.
      Was this review helpful? 0
      , dehradun
      Reviewed on Aug 29, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Its a good website, I could get lot of options through online rather visiting to the bank to know the loan process response was really quick and they processed the application to the bank in an easy way and they suggest multiple option as well.
      Was this review helpful? 0
      , dehradun
      Reviewed on Aug 28, 2017
    • ICICI Bank Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      The personal loan which I applied in ICICI bank was not good. They did not respond properly to my application. I would suggest them that they must be very clear n their policy which will be good. The details they provide must be clear. The customer support must be improved a lot I had an idea of talking the loan of 1.50 lakhs.
      Was this review helpful? 0
      , dehradun
      Reviewed on Aug 28, 2017
    • Bank Bazaar Personal Loan
      "Great site, this will help the people to have one site with "
      0.5 5.0/5 "Blown Away!"
      The services are good at Bankbazaar.com and the overall experience was nice. I had no hassles with their services. They were on time to inform me the details and the process was smooth and easy. The website is also good and very much informative.
      Was this review helpful? 0
      , dehradun
      Reviewed on Jul 26, 2017
    • Bank Bazaar Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar has been nice as well. I had applied through them for a loan and they contacted me on time and provided the details. The website is also good and easy to register and the details on it is informative. I can also compare the banks too.
      Was this review helpful? 0
      , dehradun
      Reviewed on Jul 11, 2017
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