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

    If you are in need of immediate cash don’t worry and apply for a personal loan online. The process of personal loan approval and disbursal is quite fast and easy in Faridabad. These loans feature low-interest rate, EMI repayment, and flexible tenure.

    We found 33 Faridabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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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
    What you'll love
    Documents
    Perks
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    Eligibility Criteria
    Customer Reviews
    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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    Eligibility Criteria
    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
    Rs.750 Amazon Voucher
    What you'll love
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    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
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    Customer Reviews
    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Faridabad Personal Loan is Rated as "Great!" by 565 Users

    Fees & Charges

    Promised Interest Rate

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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 21 Jan 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 2017

    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.

    Faridabad Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good Follow up"
      0.5 4.0/5 "Great!"
      Bankbazaar is doing a proper follow up with their customers. I have started using this website for last 3 months. Through online, i have come to know about this website. Support team has given me a proper suggestion when i chose the product.
      Was this review helpful? 1
      , faridabad
      Reviewed on Jan 17, 2019
    • Tata capital Personal Loan
      "Average loan"
      0.5 3.0/5 "Satisfactory"
      I have applied the loan amount of Rs. 4 lakhs and they have sanctioned only 3.40 lakhs according to my eligibility. They have given me a interest rate of 14.10% and I'm unsatisfied with it. Before approval they said maximum of 12% but it didn't happened. They have deducted around Rs. 1200 as a processing fee. Total tenure period of the loan is 4 years.
      Was this review helpful? 1
      , faridabad
      Reviewed on Jan 17, 2019
    • review Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I've taken a personal loan for BAJAJ FINANCE , it was good experience. The interest rate was in par with the market rate. , I got the loan amount few days. They need to process applications more quickly. The tenure period is 5 year and processing fee is nominal .
      Was this review helpful? 2
      , faridabad
      Reviewed on Jan 07, 2019
    • HDFC Bank Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has also offered me a personal loan. The customer support was good and the documentation process was on time and the disbursement too. The rate of interest and processing charges are also normal. In all a smooth process and on time as well.
      Was this review helpful? 2
      , faridabad
      Reviewed on Jan 07, 2019
    • RBL Bank Personal Loan
      "Need to reduce charges"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with RBL and my experience was average, the loan amount was based on my requirement and the rate of interest was quite high when compared to other banks. Customer support was not up to the mark and their response was delayed. Tenure period for this loan is 4 years.
      Was this review helpful? 4
      , faridabad
      Reviewed on Jan 02, 2019
    • Kotak Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The process in getting this loan has been simple and easy and the loan amount which they had been provided has been a little less. The interest rate with them has been pretty high when compared with the market rate and the processing fee has also been pretty high.
      Was this review helpful? 2
      , faridabad
      Reviewed on Dec 18, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I had been using the services of Bank Bazaar for the last two to three months and the services which they had been providing so far has been good. I had been using their mobile application of them which has been convenient in using. Their customer support team had also been responsive and has been helpful at times.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 18, 2018
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since the interest rate with them has been less when compared with the market rate. The whole process in getting this loan has been good and the loan amount which they had provided has been very much satisfactory as well. There has not been any sort of charges which they had been making as well.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 18, 2018
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have taken personal loan from the Indusind bank which is instant approval and documentation . Am not that much satisfied with the rate of interest which they have provided . They charged more for processing fees with the tenure period .Their customer service and response is not good .
      Was this review helpful? 1
      , faridabad
      Reviewed on Dec 13, 2018
    • Aditya Birla Finance Personal Loan
      "Not satisfied with Customer Service"
      0.5 1.0/5 "Really Bad"
      Got my personal loan from adithya birla, as the rate of interest is very high one . Making the payments through Ecs . Got approved as instant approval process. There is high processing fees for the personal loan with good tenure period . But there is too many charges for the card . Their customer service and response is not good regarding personal loan.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 13, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I am using the services of bankbazaar from last 6 months, the services provided by bankbazaar is good when compared to others. Customer service was good and they responded on time. Mobile app is easy to use in bankbazaar.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 10, 2018
    • Early Salary Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience with Early salary for personal loan, they charged interest for Rs 800 which was nominal. Customer service was good and they followed up on time. I took the loan for Rs 11000 with tenure period of 1 month.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 10, 2018
    • Tamilnad Mercantile Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My saving account was taken with TAMIL NADU MERCHANT BANK , I use the net banking platform all day to day banking transactions. This is a zero balance account and their banking services are smooth and hassle free. Customer service and their banking service is also good .
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 09, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have been using BANK BAZAAR for while . The customer Support was good, I use website, the whole application process was smooth and hassle free. Website is very user friendly and convenient to use . The loan i got on time through bank bazaar there was no delay .
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 09, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the EARLY SALARY , overall it has been a hassle free experience with the EARLY SALARY. I got the loan with in 1 week. The whole loan process wand the documentation was easy and hassle free. The tenure period is 1 month . Loan amount is good .
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 09, 2018
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL"
      0.5 5.0/5 "Blown Away!"
      It is my first time experience with the Bank bazaar where i am using the bank bazaar services from past few months. I am using it through website where the portal is user friendly to access added on that the customer service is also good by helping about the loan details.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 07, 2018
    • Early Salary Personal Loan
      "BETTER"
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan with the EarlySalary where there is no particular reason for taking this loan from this. I am satisfied with this loan amount what they have offered me added on that the process of taking this personal loan is simple.
      Was this review helpful? 0
      , faridabad
      Reviewed on Dec 07, 2018
    • HDFC Bank Personal Loan
      "Interest and charges should be reduced"
      0.5 1.0/5 "Really Bad"
      The loan amount is sufficient, the interest rate is higher than other bank. Hence I am not satisfied with HDFC, the processing fee is high, they charged processing fee around Rs.2000 from the loan amount. The documents process is simple I got the loan on time.
      Was this review helpful? 2
      , faridabad
      Reviewed on Dec 01, 2018
    • Bank Bazaar Personal Loan
      "Overall okay"
      0.5 3.5/5 "Pretty good"
      I have been using the bankbazaar website for one year. Through facebook advertisements i have come to know about the bankbazaar website. The customer care service was okay when they tried to make the new customers. The response was bit delayed from bankbazaar.
      Was this review helpful? 4
      , faridabad
      Reviewed on Nov 22, 2018
    • Tata capital Personal Loan
      "Good loan experience"
      0.5 4.0/5 "Great!"
      The loan got delayed almost for a week. Because of the Trusting name with TATA i have selected the personal loan with TATA CAPITAL. Even the interest rates were higher anyway I'm happy about the terms and conditions. I have applied the loan amount of Rs. 2 lakhs and i have received the same. The documentation process got delayed.
      Was this review helpful? 4
      , faridabad
      Reviewed on Nov 22, 2018
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