Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Faridabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0
    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 Ad Paperless approval available
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    Fees & Charges
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    Customer Reviews
    10.99% - 19.8% 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
    13.99% - 16.99% 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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    Perks
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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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    Eligibility Criteria
    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
    Good to Know
    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
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 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
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  • Faridabad Personal Loan is Rated as "Great!" by 474 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 19 Oct 2017

    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

    • Capital First Personal Loan
      "One of the best available"
      0.5 5.0/5 "Blown Away!"
      I personally believe this bank is one of the best banks providing loan around. They provided me with a personal loan of about Rs.1 Lakh for about 16% rate of interest. They have good customer services and are on their way up towards growing in the field of Finance.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 17, 2017
    • SBI Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The loan processing is very fast and quick with STATE BANK OF INDIA. As I had taken loan before 15 years. Its over All is good with Central bank be it service or processing and everything is absolutely fine with them.It was good before now it is not.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 13, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      The HDFC bank has disbursed my loan amount within a week time in regards t my personal loan application . The customer support was good. The required loan amount has been disbursed and I am satisfied with it. The rate of interest is nominal with HDFC when compared with others.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 11, 2017
    • Citibank Personal Loan
      "excellent service"
      0.5 5.0/5 "Blown Away!"
      Service is very best from CITI ,documentation part was very fine I never had any issue . I use to contact their representatives were very helpful and responsible so as a overall service is excellent from CITI, I am happy with CITI bank service till now .
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 03, 2017
    • Bank Bazaar Personal Loan
      "Satisfied & helpful"
      0.5 5.0/5 "Blown Away!"
      The experience at Bankbazaar was perfect. The team has been very helpful and they provided the best of services. The website is also good and there is no inconvenience faced. There were a lot of follow up calls and in all it was a excellent experience.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 29, 2017
    • Kotak Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      Everything was perfect with Kotak Mahindra bank as they contacted me on time and informed me the details for the personal loan. They also had a good deal on the interest rate and processing charges. The only reason I did not go ahead is because I had plans to take a home loan.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 29, 2017
    • Kotak Personal Loan
      "Very good personal loan"
      0.5 5.0/5 "Blown Away!"
      On a general note KOTAK is good, but I would appreciate if they expand their network as they have very few branches around because people might to visit the branch for filing the application form on that aspect on that work on. Everything can not be managed at one point of time online. All are okay with the charges. I am happy with the customer service too.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 27, 2017
    • HDFC Bank Personal Loan
      "Personal loan process"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank personal loan is good, it was very convenient and it is very fast. It is easy when it comes to disbursal too too they had taken around 3 to 4 working days of time for the disbursement. No challenges as such. Interest rate and processing fee charged was the best and it was satisfactory. I had made the prepayment and closed the loan. It happened before 2 years the loan was taken for a period of 3 years and I had closed the loan in one year.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 27, 2017
    • HDFC Bank Personal Loan
      "Instant cash"
      0.5 5.0/5 "Blown Away!"
      I got a preapproved loan of 3 lakhs from HDFC, but I have taken Rs.80,000. Rate of interest was very high, I am paying more than 7600 per annum. Hdfc have taken some processing fee as well. I am really fine with the loan process within two minutes they disbursed the amount.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 27, 2017
    • Bank Bazaar Personal Loan
      "Friendly service"
      0.5 4.5/5 "Excellent!"
      I found Bankbazaar through advertisements and i found the website user friendly and easy to navigate. The bankbazaar executives gave me regular follow ups and informed every status regarding my application and i am really satisfied with the service and response from bankbazaar.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 27, 2017
    • ICICI Bank Personal Loan
      "Processing fee should be compromised"
      0.5 3.0/5 "Satisfactory"
      With ICICI BANK i have applied for a personal loan for an amount of 10 lakhs.The approved tenure was for 5 years with an EMI of 35000 per month. The processing fee comes around 24000 which is very high. The documentation time also got delayed from bank end.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 27, 2017
    • Kotak Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The personal loan service was prompt from Kotak Mahindra, but within the time they process my personal loan application. I have arranged the required loan amount so that was the reason I haven't got the loan with kotak. The rate of interest is nominal with Kotak mahindra.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 23, 2017
    • Bank Bazaar Personal Loan
      "Experience is good"
      0.5 4.0/5 "Great!"
      The response was very much prompt with Bankbazaar as they contacted me on time and informed me the details. There was a lot of calls right through the process which was supportive. The website is good and it is very user friendly. It was a simple process.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 22, 2017
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      There were no issues with HDFC Bank for the personal loan. I got the loan on time and the process was also very convenient and easy. I got the interest rate was of 11.1% and the processing charges was normal. The after loan services is also great.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Easy and approachable "
      0.5 4.0/5 "Great!"
      From the past 2 years i am a regular customer of bankbazaar. My first credit card purchase was through credit card.The service provided by bankbazaar is excellent. In bankbazaar there is many options to compare among other banks. We can choose the best offer with the best interest. i am planning to get more products through bankbazaar.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 21, 2017
    • Capital First Personal Loan
      "Not Approachable service"
      0.5 2.0/5 "Expected more"
      I applied for a personal loan application with CAPITAL FIRST. I did not got any response from capital first end.After the application i just got one call from the bank end. And i waited for the representative to give a follow up. No one turned up and it got closed.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Prompt Service"
      0.5 4.0/5 "Great!"
      If the particular service is satisfactory then no one would give suggestions for the particular service provider, similarly I have no suggestions for bankbazaar services. In other words, it is a prompt service for my loan process from bankbazaar.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 07, 2017
    • ICICI Bank Personal Loan
      "Moderate service"
      0.5 3.5/5 "Pretty good"
      I had no issues with ICICI bank for the personal loan but I want to mention that the interest rate is higher than the other banks. Even the customer service and their responses are good. I did not face any challenges with the bank for the personal loan process. But the interest rate is higher.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 07, 2017
    • Bank Bazaar Personal Loan
      "Fair Response"
      0.5 5.0/5 "Blown Away!"
      I have got the best support from bankbazaar for my personal loan process. I got the loan through bankbazaar. I have to say that I had received regular followups from bankbazaar side and the communication from them about the status of the loan application is just fine.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 07, 2017
    • Capital First Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      My loan experience with Capital First is really good. They provided the personal loan with a good interest rate. The personal loan got disbursed on time and there was no single issue with them when my loan application is under- progress....
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 07, 2017
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