• Custom Free
     

    Custom quote

  • Faridabad Personal Loan

    Loading your search...
  • 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.
    More
    We found 17 Faridabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.75% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    10.99% - 15.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria

    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 24 Oct 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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Faridabad Personal Loan Reviews

    • Canara Bank Personal Loan
      "Good Service"
      0.5 2.0/5 "Expected more"
      I have availed personal loan directly through Canara Bank.The rate of interest was high since requirement was there i have taken this loan.I have got this loan amount on time without any drawbacks .I have got all the relevant details about the loan process very clearly through the agent .I am really satisfied with the service so far .
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 22, 2019
    • Fullerton
      Fullerton Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I have applied for Fullerton Personal loan which was applied through Online .I have not availed this loan since got the amount from some other source due to this not availed this loan.I have got a clear picture about the loan process through the agent .The rate of interest and the processing fee was very high .
      Was this review helpful? 1
      , faridabad
      Reviewed on Oct 22, 2019
    • review Personal Loan
      "Easy to get the loan"
      0.5 4.0/5 "Great!"
      Taken my Bajaj Finance personal loan 1 year ago. They have offered me a interest rate of 14% and the loan amount was Rs. 2.25 lakhs. I have pre-closed the loan for that they charged me 4% from the outstanding amount. They have sanctioned the loan within a week. Documentation process was done through online.
      Was this review helpful? 1
      , faridabad
      Reviewed on Oct 21, 2019
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had applied personal loan from Fullerton online. They called me once and told me that they would send a link to upload my documents but I have not received any link. They did not inform me rate of interest and processing fee also not confirmed.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 16, 2019
    • Fullerton Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I applied personal loan from Fullerton. My requirement was for one lakh. Their rate of interest is nominal. I had submitted my documents on time but I have not got any response from Fullerton. I am not very happy with their services. They should at least give me an update.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 14, 2019
    • Fullerton Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      I have applied for Fullerton personal loan through Online.The rate of interest and the processing fee was high .The agent gave all the required details about the loan process,I have got a clear picture about the loan process through the agent .I have not submitted any of my documents .I am really satisfied with the service so far .
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 14, 2019
    • Kotak Personal Loan
      "Service is Good"
      0.5 4.0/5 "Great!"
      I have availed Kotak Mahindra Bank personal loan through Online .The rate of interest was good and got the loan amount on time ,I have got all the required details about this loan process very clearly through the agent ,while submitting the documents I did not face any difficulties till date.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 12, 2019
    • EDELWIESS Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have applied for Edelweiss Retail Finance Limited personal loan through Online .I have got the loan amount on time and it was sufficient as well.The rate of interest and the processing fee was quite nominal and there was no issues faced when applied for this loan .I have submitted the required documents also.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 12, 2019
    • HDFC Bank Personal Loan
      "Not Satisfied"
      0.5 1.0/5 "Really Bad"
      I have applied for HDFC Bank personal loan through Online .I have not got any support through bank end ,I have not submitted any of my documents .The agent gave all the required details about the loan process,The rate of interest was very low once checked online and after applying the rate of interest will be much higher .
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 27, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I had applied for HDFC Bank personal loan and they had asked me my salary slip and Bank statement which was not available with me as I m getting salary through cash, I had asked alternate option and they had told me that they will check and they will update but till now I I have not received call from the HDFC Bank.
      Was this review helpful? 3
      , faridabad
      Reviewed on Sep 25, 2019
    • Shubh Loans Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I applied for personal loan from SHUBH LOANS online. Their rate of interest is very high. Initially they informed me it is for 36 months but when I downloaded their mobile application tenure was 24 months. So I asked them to close my application.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 24, 2019
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had applied for personal loan from HDFC Bank. I received the loan on time. Their rate of interest is very high. I was promised 13.25% but now they are charging 15%. Loan amount is sufficient. Documentation and verification was hassle free.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 22, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had applied for HDFC Bank personal loan where my application was been closed due to my salary was less as per their eligibility criteria, due to that my application was been closed and the rate of interest was nominal but HDFC Bank should have alternate options rather than closing the application.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 18, 2019
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had applied for IndusInd Bank personal loan where I was out of station due to that they have closed my application and after that I had not tried reach there customer care service to reopen the my application and I was not having any more requirement of loan.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 18, 2019
    • Tata capital Personal Loan
      "Need to improve customer service"
      0.5 1.0/5 "Really Bad"
      On 2 months before I was applied for a personal loan with TATA CAPITAL LIMITED through an online. The loan amount was sufficient for the tenure period of 3 years. The rate of interest was nominal. Then the loan process was closed from bank not intimate the reason.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 18, 2019
    • Axis Bank Personal Loan
      "Faster approval"
      0.5 4.0/5 "Great!"
      I took a personal loan with Axis Bank before 2 years ago because am a salary account holder. I never compared the interest rate with other banks but they have charged me 14% and the processing fee is applicable. They have taken 3,500rupees from the loan amount of 5L.
      Was this review helpful? 2
      , faridabad
      Reviewed on Sep 17, 2019
    • Axis Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied for personal loan from Home credit. There was a delay to upload the documents from my end so they had closed my application. They told me to reapply later. Rate of interest is very high but there service is very good. I get reminder calls before due date and there is an option to postpone due date.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 13, 2019
    • HDFC Bank Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      I had applied personal loan from HDFC Bank. Loan amount was not sufficient so I cancelled the application. Rate of interest was also very high in comparison to other banks in the market. They did not collect my documents only phone verification was done.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 22, 2019
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from ICICI Bank. The loan got disbursed on time and loan amount is 1 lakh and it's sufficient for me. ICICI bank customer service is very good and responsive. Verification process and documentation was very smooth.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 13, 2019
    • HDFC Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      I had applied for personal loan from HDFC Bank. The application got closed because I am staying in a rented house. Rate of interest is also very high, rate of interest is 18% so I have taken personal loan from ICICI Bank and their rate of interest is 11.99%.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 13, 2019
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.