Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Faridabad Personal Loan

    The largest city in Haryana, Faridabad has several banks offering personal loans and other financial products at competitive terms and conditions. With some of the top banks in the country located in the city, residents of Faridabad can compare various lenders to find the personal loan that best suits their financial requirements. Interest rates start from just 10.99% and repayment tenures extend up to five years.
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    We found 33 Faridabad Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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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
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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
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    Faridabad Personal Loan is Rated as "Great!" by 607 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Faridabad is the largest city in the north Indian state of Haryana, in Faridabad district. The district shares its boundaries with the National Capital and Union Territory of Delhi.Various big companies have established their headquarters here. There are some IT Companies established their database centres here. Faridabad is a massive economic engine of Haryana. Faridabad generates over 50% of the income tax for the Haryana government.

    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.

    Documentation needed to apply for an Faridabad 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

    Faridabad Personal Loan Interest RatesUpdated on 27 May 2019

    Faridabad 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 in Faridabad

    Faridabad is a leading industrial centre in Haryana. The city has a number of leading banks and NBFCs that offer personal loans to customers in Faridabad that can you meet your needs. Personal loans are offered at affordable rates with interest rates varying from one lender to another. Banks and NBFCs that operate out of Faridabad have a large number of financial products and these banking institutions offer other services such as asset management, alternate forms of commercial lending, core banking facilities, and investment advice.

    Personal Loans offered by various banks in Faridabad

    Some of the prominent financial institutions that are located in Faridabad that offer personal loans at attractive interest rates are listed below:

    • Citibank
    • IndusInd Bank
    • ICICI Bank
    • Standard Chartered
    • Kotak Business Loan
    • Oriental Bank
    • Capital First
    • Kotak Mahindra
    • HDFC Bank

    How to Get a Personal Loan with the Lowest Interest Rate in Faridabad

    If you want to apply for a personal loan in Faridabad, there are a few factors which you have to keep in mind. These can play a vital role in securing your loan. You will have to make sure that the information provided to the bank in regard to your loan application letter proves your creditworthiness to receive the loan. A good credit score is a key factor and this plays a vital role when applying for a loan. A credit score of 750 and above is considered as a good credit score to have and this plays a big role in getting your application for a personal loan approved. The interest rate that is levied on a personal loan also depends on this criteria. A credit score that is higher than the benchmark that has been set by banks and lenders will fetch a lower interest rate for your loan and vice-versa. If you have a bad credit score, you should do what you can to improve it. This can be done through a number of different ways. Paying off any unpaid premiums or loans is a good way to increase your score.

    You, as a borrower, should conduct your own research and make sure that you apply for a loan amount that covers your financial needs and requirements. If you have a clear perspective on the loan amount that you would require, you can avoid paying extra that goes towards the interest on a loan. But, you should also make sure that you do not opt for a loan amount that does not meet your financial needs. In such cases, you will be forced into applying for another loan which can prove to be quite a hassle. You could end up missing out on a payment which would lead to a drastic drop in your credit score and damage your creditworthiness.

    Personal Loan Interest Rates in Faridabad

    There are a number of major public and private sector banking institutions that offer personal loans to the residents of Faridabad. Listed below are some of the banks in Faridabad and their interest rates:

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    Citibank 1% to 2.5% 11.49%-15.99% (Fixed) Rs.30 lakhs 1-5 years
    Capital First Up to 1.5% (OTF*) 12%-18% (Fixed) Rs.15 lakhs 1-5 years
    Standard Chartered Nil 10.99%-14.49% Rs.30 lakhs 1-5 years
    IndusInd Bank Up to Rs.3,000 (OTF) 11.99%-19% (Fixed) Rs.25 lakhs 1-5 years
    TATA Capital Nil 11.99%-19.50% Rs.20 lakhs 1-6 years
    ICICI Bank 2.25% (Min. Rs.1,149) 11%-17.99% Rs.20 lakhs 1-5 years
    Oriental Bank 0.5% (OTF) 10.85%-11.85% Rs.50,000-Rs.10 lakhs 1-5 years
    South Indian Bank 0.50% (OTF) 13% (Fixed) Rs.3 lakhs 1-4 years
    Fullerton 1.5% to 6% (OTF) 17.25% to 37% (Fixed) Rs.15 lakhs 1-4 years
    Kotak Business Loan 0.99% to 2% 12.99%-14.50% Rs.45 lakhs 1-5 years
    HDBFS Business Loan 2% (OTF) 15.95%-18.95% (Fixed) Rs.20 lakhs 1-3 years
    HDFC Bank Up to 2.5% (OTF) 10.99%-19.8% (Fixed) Rs.25 lakhs 1-5 years
    Allahabad Bank 1.22% (Min. Rs.1,228) 13.10% (Fixed) Rs.50,000 to Rs.7.5 lakhs 1-5 years
    Tamilnad Mercantile 1% (OTF) 14.30%-16.30% (Floating) Rs.2 lakhs Max. 1-5 years
    Bank of India Rs.1,000 to Rs.10,000 (GST not included) 13%-14% (Fixed) Rs.10,000-Rs.5 lakhs 1-3 years
    Dena Bank 1% (OTF) 13%-14% (Fixed) Rs.15,000 to Rs.1 lakh 1-3 years
    Kotak Mahindra Up to 2% 11.49% - 20.15%Fixed Rs.15 lakhs 1-5 years
    Bank of Baroda 1% (Min. Rs.1,000) OTF 11.35%-14.35% (Fixed) Rs.20,000 to Rs.2 lakhs 4 years
    BOM 1% (Min. Rs.1,000) 12.75% (Fixed) Rs.1.5 lakhs 1-3 years
    Karur Vysya 0.4% (OTF) 13.35%-15.85% Rs.1 crore Max. 1-3 years
    UCO Bank 1% (Min. Rs.750) OTF 11.35%-11.60% (Fixed) Rs.10 lakhs 5 years
    IDBI Bank 1%+S.T. (OTF) 12.20% (Floating) Rs.50,000 to Rs.10 lakhs 1-5 years
    Yes Bank Up to 2% (OTF) 14% (Fixed) Rs.20 lakhs 1-5 years
    Central Bank Rs.500 (OTF) 11.4% (Floating) Rs.10 lakhs 4 years
    Aditya Birla Nil 11.5%-13.25% (Fixed) Rs.30 lakhs 1-5 years
    Canara Bank Rs.1,000 to Rs.5,000 (OTF) 12.75% (Floating) Rs.3 lakhs 5 years
    Indian Bank Rs.508 to 0.508% (OTF) 12.65% to 13.65% (Floating) Rs.50,000 Max. 3 years
    IOB 1.01% to 1.10% (OTF) 13.65% (Fixed) Rs.1 lakhs to Rs.15 lakhs 1-5 years
    HDBFS 1%-2% (OTF) 13.99%-16.99% Rs.30 lakhs 1-5 years
    SBI 1% (OTF) 12.90%-14.90% Rs.24,000 to Rs.15 lakhs 5 years
    Vijaya Bank Nil 13.50% (Fixed) Rs.10 lakhs 1-5 years
    Union Bank 0.5% (Min. Rs.500) OTF 14.4% (Floating) Rs.5 lakhs Max. 1-5 years

    *OTF – One Time Fee

    Salary Requirements to Avail Personal Loans in Faridabad

    There are a few factors that a banking institution has to consider when they receive a loan application. One criteria that they look for is your capability to repay the loan amount that you have borrowed. The salary requirements needed to repay a loan amount has been listed below:

    • Should be a resident of the city of Faridabad for a minimum of 1 year.
    • The applicant should have a minimum work experience of 2 years.
    • A salaried individual should earn a minimum monthly income of Rs.15,000. The minimum monthly income requirement will vary from one lender to another.
    • The applicant should not be younger than 21 years.
    • The applicant should not be older than 60 years.

    Faridabad Personal Loan FAQs

    1. How long does a bank take to approve an application for a personal loan?
    2. There are some banks that approve loan applications within 48 hours and there are other banks that take at least a week. Usually a loan application is approved within two and seven working days.

    3. How is a personal loan repaid?
    4. The personal loan can be repaid my paying the loan amount back to the bank in the form of Equated Monthly Instalments (EMIs) via post-dated cheques. You could even link your debit account to your loan if you have taken a loan from a bank where you have a savings bank account. The amount that you need to pay as EMI will automatically get deducted from your savings account.

    5. Will I require a guarantor when applying for a personal loan in Faridabad?
    6. You do not require a guarantor when applying for a personal loan.

    7. Are there any additional charges that an applicant has to pay when he/she gets a personal loan from a bank?
    8. Yes, there are a couple of different additional charges. Most banks charge an applicant an interest fee that ranges from 2% to 2.5% of the total amount that they wish to borrow. The fee is deducted from the amount that has to be disbursed to you.

    9. What are the documents that I have to submit when applying for a personal loan?
    10. If you are a self-employed individual, you will be required to provide information such as a balance sheet along with a profit and loss account which is audited or that has been CA certified for the past 3 years.

        

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    Faridabad Personal Loan Reviews

    • IDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly applied with IDFC Bank,The rate of interest and processing was nominal ,The loan amount was 1lakh for the tenure of 3years ,still the loan is on process and I have submitted the documents.The loan got on time .I have got tjhe applied loan amount itself without any delay .
      Was this review helpful? 1
      , faridabad
      Reviewed on May 17, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken HDFC Bank Personal Loan got the offer from Bank .I have taken only Rs.50000 for the tenure 1year ,The rate of interest and processing fee was nominal ,the loan amount got on time ,The loan amount was sufficient ,I have got the offer for 1lakh but my requirement was only Rs.50000 so taken the required loan amount .
      Was this review helpful? 1
      , faridabad
      Reviewed on May 16, 2019
    • Bajaj Finserv Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the BAJAJ FINSERV where i am using it since from last many years and the documentation process was done on time without any issues. They have given the loan amount of 85K, the rate of interest they have given was 14%.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 26, 2019
    • ICICI Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have made down payment and got the requirement amount from ICICI BANK to purchase the car. The interest rate is fine and found its little bit higher in other banks. They have charged me Rs.4000 as a processing fee. They have delivered the loan after a week. The loan tenure is 5 years.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 26, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this Personal loan a long time back and the process in getting this loan has been very easy, there hasn't been any delay in the process and the disbursement was on the promised time. The interest rate with this loan has been quite nominal when compared with the market rate and the processing fee has also not been high.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 23, 2019
    • Axis Bank Personal Loan
      "High on ROI"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from Axis bank. It is a average experience. They need to be more proactive in the customer service and response. The rate of interest is very high and so are the processing charges too. I would not recommend the bank for this loan.
      Was this review helpful? 2
      , faridabad
      Reviewed on Apr 12, 2019
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied directly with ICICI Bank for this personal Loan. The rate of interest and the processing fee was less .The loan amount got on time and it was sufficient as well .There was no issues faced on documents submission . I have applied for the loan amount of 3 lakhs for 3 years only.
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 11, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 2.5/5 "Just OK"
      I came to know about Bank bazaar through app only and its good for comparison. The only suggestion, I would like to give them is they need to reduce the call flow .This website is doing a good service so far and not yet faced any difficulties on the usage .
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 11, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank Personal loan through online .The agent has given clear details about the loan process .The rate of interest and the processing fee was high and also there was issue on document verification hence have not taken the loan .
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 11, 2019
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I got my personal loan with ICICI BANK . They charge rate of interest 11.25% . I receive the loan on time and customer support is up to the mark .Loan amount what they provide very satisfactory .Services was good with this bank . The tenure period is sufficient .
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 10, 2019
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have applied for personal loan with bank bazaar but have cancelled the loan because the interest rate is high. Customer service people were polite and informative, I will definitely look for more deals through Bank bazaar in coming days too. This was my first experience with this website .
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 10, 2019
    • HDFC Bank Personal Loan
      "Need to reduce rate of interest "
      0.5 4.0/5 "Great!"
      I applied my personal loan with HDFC BANK but i have close this loan because they was charging very high rate of interest it is 11.8% but i demand for 11.25%. The customer support follow up was good . I applied for 11.4lakhs and they was ready to give the same .
      Was this review helpful? 1
      , faridabad
      Reviewed on Apr 10, 2019
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of Bank Bazaar for almost two years where the services of them has been good. The best thing with them is that they are quick with the process and their customer support has been very much responsive. I used their web portal which is very much convenient.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 03, 2019
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had selected personal loan from TATA CAPITAL since the interest rate which they were offering has been less than the other banks. The process of the disbursement also had been good. The processing fee and the charges with them was comfortable and their customer support team has also been helpful.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 03, 2019
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had selected this personal loan from them since the interest rate which they where offering has been less than the other banks. The process of the disbursement also had been good. The processing fee and the charges with them was comfortable and their customer support team has also been helpful.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 03, 2019
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 4.0/5 "Great!"
      Bankbazaar.com i have been using it since from last few months and i have a very good experience i have been using it through the mobile application as the application is user friendly also it is convenient to access. The customer service is good and they are responsive.
      Was this review helpful? 1
      , faridabad
      Reviewed on Mar 23, 2019
    • Early Salary Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan with EarlySalary and the documentation process was simple and i got the loan within few hours instantly. the loan amount was good what they have given the 6K with this loan.
      Was this review helpful? 1
      , faridabad
      Reviewed on Mar 23, 2019
    • Bank Bazaar Personal Loan
      "Should be more responsive"
      0.5 5.0/5 "Blown Away!"
      Earlier I used to check my credit score through Bank Bazaar, at the time I got pre approved loan offer. Later on, as per my loan request I connect with Early salary, they sanctioned less amount. It would be great if Bank Bazaar gives higher principal based on the customer requirement and also the response should be made more proactive.
      Was this review helpful? 0
      , faridabad
      Reviewed on Mar 22, 2019
    • Early Salary Personal Loan
      "Loan amount should be higher"
      0.5 5.0/5 "Blown Away!"
      Early salary experience is good on my personal loan. But they sanctioned only Rs. 9000 as a principal amount. I requested to increase the loan amount but they told to do transaction for three month then they upgraded it. The documentation process was easy my only concern was about the loan amount,
      Was this review helpful? 1
      , faridabad
      Reviewed on Mar 22, 2019
    • Bank Bazaar Personal Loan
      "Fine"
      0.5 5.0/5 "Blown Away!"
      I have no issues with bankbazaar.com and have applied my personal loan which was not easy to process without visiting the banks. It took more than a month, they said its a fastrack application which am not happy and it has to be quick. I came to know this site through social media or online.
      Was this review helpful? 0
      , faridabad
      Reviewed on Mar 17, 2019
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