Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Faridabad Personal Loan
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    Interest Rate Range
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    Tenure Range
    10.99% - 17.99%
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    30L Max
    1-5 Years
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    10.99% - 25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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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
    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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L 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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    11% - 16% Fixed
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    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 18.25% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    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
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
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    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
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  • Faridabad Personal Loan is Rated as "Great!" by 523 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Faridabad Personal Loan

    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.


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

    01
    02
    03
    04
    Faridabad Personal Loan Minimum Age

    At least 21 years old

    Faridabad Personal Loan Maximum Age

    Less than 65 years old

    Faridabad Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Faridabad Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Faridabad Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Faridabad Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Faridabad Personal Loan Maximum Loan Funded

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

    Faridabad Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Faridabad Personal Loan amount by these steps

    01
    02
    Faridabad Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Faridabad

    Choose longer tenure loan up to 5 years


    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 18 Sep 2018

    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 Processing Fee Interest Rate 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
      "Very good service"
      0.5 4.0/5 "Great!"
      I received a mail from bankbazaar and it had a link and that link directed me to the website of bankbazaar. I found the website is easy to navigate and is user friendly. This was my first time experience with bankbazaar and the customer support was very good with bankbazaar.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 12, 2018
    • IDFC Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan with IDFC bank and my experience was good, the process took 20 days to complete and the customer service was very good with this bank. The loan amount was for Rs 4.6 lakhs with nominal interest rate and the tenure period for this loan is 3 years.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 12, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank and my loan experience was good, the customer service was good and they followed up on time. No much verification was done because i have a savings account with this bank. The loan amount was for Rs 2 lacs with 13% interest rate which is less. The tenure period for this loan is 3 years.
      Was this review helpful? 2
      , faridabad
      Reviewed on Sep 06, 2018
    • Bank Bazaar Personal Loan
      "BETTER PLATTFOREM "
      0.5 5.0/5 "Blown Away!"
      Its a good platform to get the loans , credit cards and other financial products, executives also explained me everything clearly, even the person who visits the bankbazaar for the first time they can easily understand how to use the application.
      Was this review helpful? 0
      , faridabad
      Reviewed on Aug 14, 2018
    • IDFC Bank Personal Loan
      "EXCELLENT LOAN "
      0.5 5.0/5 "Blown Away!"
      I had a excellent prompt service , very cooperative, from the bank end , rate of interest can be reduced further, i have taken this loan for 60 months period, processing was very smooth and fast, they also provided very much good support till i get the loan.
      Was this review helpful? 1
      , faridabad
      Reviewed on Aug 14, 2018
    • Bank Bazaar Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan through this on line tool, I received very nice service, they helped me an guided me throughout the process. They were in regular touch with me regarding my loan process and wanted to get the loan approval for me at the earliest.
      Was this review helpful? 0
      , faridabad
      Reviewed on Jul 31, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have a personal loan taken from Tata Capital, they delayed the loan process for 20 to 25 days due to documents related queries, their reason was genuine as I was not available sometimes but still almost is a long time. However rest everything was fine their staff member were courteous and the rate o interest they charged is also OK.
      Was this review helpful? 2
      , faridabad
      Reviewed on Jul 31, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with ICICI bank and my loan experience was good, the loan amount was based on my requirements and the rate of interest was nominal when compared to other banks. Customer service was good, they responded on time and the tenure period of this loan is 3 years.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 24, 2018
    • ICICI Bank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      From icici bank i got personal loan , where the rate of interest is low when compared to other banks before 3 years . And the tenure period 5 years . They took 3 days for approval and received the loan amount they did fast documentation. Customer service and response is good compared to other bank.
      Was this review helpful? 0
      , faridabad
      Reviewed on May 05, 2018
    • ICICI Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The service of Icici personal loan department was good. They offer me with the interest rate of 12 to 13 % which is low compared to others in the market. The documents process was been smooth they collected from my door step. It was an paperless approval. But the process was been little delay,still it was an good experience with Icici personal loan service.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      This was my first time experience with bankbazaar and it was good, the services provided by bankbazaar is good when compared to all other sources in the market. The website of bankbazaar is user friendly and easy to use. Customer service was good and their response was prompt.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 17, 2018
    • ICICI Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with ICICI bank and the experience was very good, the process was quick and i received my loan amount within 4-5 days. Customer service was good and they followed up on time. The loan amount was for Rs 5 lakhs for 4 years with rate of interest of 13% which is nominal rate in the market.
      Was this review helpful? 0
      , faridabad
      Reviewed on Apr 17, 2018
    • HDFC Bank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a personal loan and it was a convenient process. The customer services and response is good and the document process was on time too. The interest rate and processing charges was also normal. The after loan services is also good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 20, 2018
    • Standard Chartered Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with STANDARD CHARTER bank 3 years back . The loan mount was 60,000 and the Interest rate was satisfactory . The customer service and responses was really up to the mark. They have provide door step service for collecting document . My overall experience was good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 20, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my loan via BANK BAZAAR. The customer service and responsiveness was really good . The website was very easy to navigate and user friendly so I would like to recommend to others. I have not faced any issues with the service here . My overall experience was excellent.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 20, 2018
    • Kotak Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with KOTAK Bank. The loan amount was 1 lakh and The Interest rate was 10.99% which is average in the market.The tenure period was 2 years .The loan process was smooth and hassle free . My overall experience was good and its recommendable.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 20, 2018
    • Axis Bank Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      When in need of a Personal Loan, The Axis Bank were readily there to pitch in with the offer. They gave me the Loan immediately. Their interest rate is alright. The repayment happened easily without much fuss about it. The overall experience with it has been good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 16, 2018
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had applied my personal through bankbazaar.com. This is the first time and known this site through internet. The customer service and responsiveness was very good. The website is easy to access and user friendly. Bank Bazaar is good to find out the offers with multiple banks.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 14, 2018
    • Tata capital Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I took my personal loan from Tata Capital Limited through online portal. The rate of interest was okay. They charged a processing fee. I have applied for 4L and received 3L & 96K excluding processing fee. They took 15 days for the disbursement.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 14, 2018
    • ICICI Bank Personal Loan
      "Very Good"
      0.5 5.0/5 "Blown Away!"
      Took my personal loan with ICICI bank. It has been very interesting. I have taken a loan amount of rs 15,00,000 with the rate of interest at 11.5%. The tenure period they provided me is 60 months. I am paying an emi amount of rs 30,000 per month. Processing of my loan amount was very quick. Customer service is really very good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Feb 08, 2018
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