• Ghaziabad Personal Loan

    Residents of Ghaziabad can apply for a low-interest personal loan to meet their urgent financial needs. The loan can be applied online and borrowers with a high credit score can expect to get a quick approval within 24-48 hours of applying.
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    We found 18 Ghaziabad Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    10.75% - 21.50% Fixed
    Up to 2.50% One time fee
    Up to Rs.40L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    11.00% - 16.75% Fixed
    Zero Processing Fee
    Up to Rs.25L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    25.00% - 32.00% Fixed
    3.00% One time fee
    Rs.75K - Rs.5L
    1 - 4 Years
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    11.25% - 14.49% Fixed
    Up to 2.75% One time fee
    Up to Rs.20L
    1 - 6 Years
    100% PAPERLESS APPROVAL
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    18.00% - 36.00% Fixed
    2.00% - 3.00% One time fee
    Rs.1L - Rs.5L
    Up to 5 Years
    Only KYC docs required
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    11.99% - 25.00% Fixed
    3.00% - 6.00% One time fee
    Up to Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    13.00% - 30.00% Fixed
    Zero Processing Fee
    Rs.50K - Rs.2L
    Up to 4 Years
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    10.50% - 16.99% Fixed
    Up to 2.50% One time fee
    Rs.50K - Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    10.50% - 17.99% Fixed
    0.50% - 3.00% One time fee
    Up to Rs.30L
    1 - 5 Years
    Accelerated Approval
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    16.50% - 20.00% Fixed
    Up to 2.00%(Min ₹2,000) One time fee
    Up to Rs.15L
    1 - 5 Years
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    18.00% Fixed
    2.00% - 5.00% One time fee
    Rs.50K - Rs.7.5L
    1 - 4 Years
    100% PAPERLESS APPROVAL
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    17.00% - 26.00% Fixed
    2.00% One time fee
    Rs.2L - Rs.20L
    0.5 - 4 Years
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    Ghaziabad is in Uttar Pradesh in India. As its boundary is adjacent to Delhi, it acts as the main entrance of Uttar Pradesh and that is why it is also called the Gateway of Uttar Pradesh.Recent construction works have led to the city being described by a City Mayors Foundation survey as the second-fastest growing in the world.

    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 Ghaziabad 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

    Ghaziabad Personal Loan Interest RatesUpdated on 21 Oct 2020

    Ghaziabad 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 Loan in Ghaziabad

    Customers who need cash either to fund their wedding, take a trip abroad, or have to financially cover an emergency situation etc., have the option of availing personal loans in Ghaziabad from the top banks and NBFCs in the country. To make the process easier, customers can make use of financial portals such as BankBazaar to narrow down on a loan offered by a particular bank. On the BankBazaar website, customers can compare loans offered by its partner banks and choose one offering the best interest rate, etc. Customers can also make EMI calculations on the BankBazaar website and determine how much they will have to put aside from their net monthly income to repay the personal loan.

    Personal Loan offered by various banks in Ghaziabad

    Listed below are the top banks and NBFCs in Ghaziabad that are offering personal loans.

    • Aditya Birla
    • Bajaj Finserv
    • Tata Capital
    • Citibank
    • Oriental Bank
    • ICICI Bank
    • Standard Chartered Bank
    • HDFC Bank
    • Fullerton
    • Kotak Mahindra Bank
    • Axis Bank

    How do I get a Personal Loan with the lowest interest rate in Ghaziabad?

    Customers need to look at certain components before availing a personal loan - components that affect the overall interest rate added to the personal loan. To ensure that you avail a loan at the lowest interest rate possible, you’d have to look into these components.

    Credit score: If by chance your credit score is below 750, banks usually offer personal loans at a higher interest rate. The higher your credit score, the lower will be the interest rate offered to you by the bank or the NBFC. A credit score of 750 plus is ideal when availing a personal loan.

    Down payment: Making an upfront down payment anything above 20% of the total loan amount will result in the bank offering you a lower interest rate. Most people make the mistake of not making a down payment towards the loan, resulting in the bank or NBFC offering you a loan at a higher interest rate.

    Debt-to-income ratio: Banks and NBFCs in most cases reject the application of a customer if the debt-to-income ratio exceeds 50% as it reduces the bank’s trust in your repaying the loan amount. A debt-to-income ration anything less than 40% of your net monthly income will result in the bank or NBFC offering you a personal loan at a better interest rate.

    Loan shopping: Financial portals such as Bank Bazaar aid customers when deciding on where to avail a loan from as they compare the loan offers (with the interest rate, processing fee, etc.) of all its partner banks and displays the bank or NBFC offering personal loans at the lowest interest rate. Always ensure that you make comparisons for loan offers from different banks and NBFCs before availing a loan.

    Your company’s reputation and your experience: Having a decent number of years of experience as well as working for a reputed company enhances the bank’s trust in your repaying the loan in time, thereby positively affecting the interest rate added to the personal loan.

    Negotiating: Having a good relationship with the bank will increase your chances of getting a lower interest rate added to your loan. You could also try getting the loan processing fee waived.

    Personal Loan Interest rates in Ghaziabad

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.00% - 17.99% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 11.49% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35% (Fixed) Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One time fee) Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Ghaziabad

    When deciding whether to accept or reject a personal loan application, banks and NBFCs take into consideration the income of the individual and one’s debt-to-income ratio. The salary requirements depend on the loan amount one wishes to take and varies from bank to bank.

    For salaried individuals: In general, the salary requirement - depending on the bank and type of loan - ranges between Rs.7,500 and Rs.50,000 of the applicant's monthly net income.

    For self-employed individuals: The profit of the individual for the year should be between Rs.1 lakh and Rs.2 lakh for the individual’s loan application to be approved. Banks and NBFCs take into consideration the income of the individual over the last couple of years.

    Ghaziabad Personal Loan FAQs

    1. What in general affects the credit score of an individual?

      Failure to pay your credit bills and loan dues in time affects the credit score of an individual. A good credit score is anything above 750

    2. Are there any foreclosure charges when it comes to personal loans?

      Banks and NBFCs charge anything between 2-4% of the outstanding amount when the customer makes a foreclosure. That said, in most cases customers can make a foreclosure only 6 months after commencement of the loan.

    3. Which is the best way to pay an EMI towards a loan?

      There are several ways to pay an EMI. You can use your net banking account, credit card, debit card, etc.

    4. What is the maximum personal loan amount one can avail?

      Salaried individuals can avail loans anything up to Rs.25 lakh. In the case of availing a joint loan, the loan amount will increase as the income of both parties are taken into consideration.

    5. Tell me the best way to calculate the EMI towards a personal loan?

      You can calculate the EMI using online EMI calculator. The BankBazaar EMI calculator is accurate.

        

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    Ghaziabad Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have availed HDFC bank personal loan through online .The loan process was clearly shared by the agent and the rate of interest and the processing fee was nominal .This loan was taken for my personal use without any delay got this loan.I am paying the premium on EMI basis There was proper callback and follow up from bank end .Processing fee was very high if it is reduced it will be good this is my suggestion.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Mar 02, 2020
    • YES Bank
      YES Bank Personal Loan
      "Not good for low salaried people"
      0.5 4.0/5 "Great!"
      I have chosen YES bank personal loan to clear my credit card bill. The loan was easily available and i have applied the loan through online. Provided interest rate was very high. I got the interest rate of 14% and i pay the EMI amount of Rs. 4661. I have chosen the duration of 5 years. If they reduced the interest rate, it would be fine.
      Was this review helpful? 3
      , ghaziabad
      Reviewed on Feb 24, 2020
    • Kotak Personal Loan
      "Quick processing loan"
      0.5 3.0/5 "Satisfactory"
      There are some issue with the Kotak Mahindra bank because i cannot pre-close the loan within 1 year. Their interest rates are quite high. I had a requirement of money 1 year before since there was a marriage. My salary account is in kotak Mahindra bank and they have provided instant loan option hence my loan got transferred within half an hour.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 24, 2020
    • HDFC Bank Personal Loan
      "Better Loan Service"
      0.5 5.0/5 "Blown Away!"
      It was an easy way to take the loan from HDFC because of the paperless approval thats the reason i have chosen this bank but they have done a physical verification. 1 month before, I had applied this loan and it got rejected hence they have taken some more time to sanctioned this loan.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 24, 2020
    • IndusInd Bank Personal Loan
      "Average Service"
      0.5 1.0/5 "Really Bad"
      I have applied INDUSIND personal loan through online .The rate of interest was medium since lesser amount was sanctioned but i was looking for higher. I have submitted the documents .There was proper callback as well as follow up from bank end and also through online got callback and response. The service was quite average according to my experience.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 18, 2020
    • Incred Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      My Incred personal loan was got on time without any hassles .The rate of interest was not at all shared when applied for this loan. Later when I enquired the rate of interest and the processing fee was very high that was the issue which could have been informed earlier. I have submitted as well as uploaded the documents .
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Feb 17, 2020
    • Tata capital Personal Loan
      "Need to decrease rate of interest "
      0.5 4.0/5 "Great!"
      TATA CAPITAL has offered the rate of interest of 17% which I felt fine but once the process was completed during disbursal I got the news of 18% of interest bit high. The loan amount was low of 3L because I was expecting more than that with tenure of 4 years. The processing fee was nominal. There is locking period of 6 months. I use to pay EMI of 8,852 rupees. They took 1 month to sanction the loan which could have been faster.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 14, 2020
    • HDFC Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      From HDFC Bank, i have taken a personal loan. The loan amount was Rs. 3L and the rate of interest was normal. I have opted for 2 years tenure with the EMI 25K. Customer service was doing a good service and i got a call from their relationship manager spoke and i got this offer. Rate of interest was high, need to work on this.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Feb 06, 2020
    • HDFC Bank Personal Loan
      "Need to decrease the interest rate"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan in HDFC Bank through online for investing in share market but haven't availed due to higher rate of interest. Where other bankers are providing me a less rate of interest.Their customer service was good here.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Feb 06, 2020
    • HDFC Bank Personal Loan
      "Convenient Loan"
      0.5 3.0/5 "Satisfactory"
      The loan service was good but i don't like the interest rate which is very high like 22% hence I'm planning to close the loan in couple of months. They didn't even ready to negotiate the rate of interest. I was getting a closer amount of my expectation only with Home credit so that i have selected the same. Documentation process was easier.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 30, 2020
    • Incred Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from INCRED through online. The rate of interest is high but the processing was nominal.This loan was taken for my personal use. I have submitted the documents through the agent. The process was smooth and satisfied. Everything is good according to my experience.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 28, 2020
    • Kotak Personal Loan
      "Need to reduce processing time"
      0.5 5.0/5 "Blown Away!"
      I applied for kotak personal loan through online. It took around 15 to 20 days for the loan disbursement, processing time should be reduced from bank. I have taken a loan amount of 1 Lakhs, rate of interest is slightly high. The pre closure charges are applied if I close before 1 year.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 17, 2020
    • Incred Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan with INCRED on 3 months before through an online. The loan amount was okay I was applied of 2L but they have disbursed of 1.5L with tenure period of 3 years. The rate of interest is nominal of 10%. The processing fee of 5-6K. There is an option of pre closure after 6 months. They have sanctioned the loan within 2 days.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 10, 2020
    • Incred Personal Loan
      "Need to reduce the interest rate"
      0.5 2.0/5 "Expected more"
      I applied for Incred personal through online. Next day, I received the call from bank and response was good. I requested for 2 lakhs of loan amount and bank offered with the interest rate above 28%. I asked to reduce the interest rate but they didn't consider my request. So, i denied to process this application.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Jan 05, 2020
    • HDFC Bank Personal Loan
      "Average "
      0.5 2.5/5 "Just OK"
      I have applied a personal loan with HDFC Bank through online. Rate of interest and processing fee are nominal. I got a call on delay basis from bank. They have offered a loan amount of 70K but I required of 80K. I have chosen this bank according to my online eligibility but banker has told need an experience of one year in current company. But I didn't completed hence they have closed the loan process.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Dec 31, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I applied for HDFC BANK personal loan and submitted the documents through online. I received the verification call from bank executive. Later I have not received any update then I went to bank directly and asked for the update. They informed my application cannot be processed as I have an over due in my credit card. The interest rate and the processing fee was normal.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Dec 31, 2019
    • IndusInd Bank Personal Loan
      "Good service "
      0.5 5.0/5 "Blown Away!"
      I applied for Indusind bank personal loan through online. The process was done on time but in the mean while I arrange the funds from other sources. As I am not in a need, I denied to do the process. The response was really good from bank executive and they are offering the interest rate around 12%.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Dec 31, 2019
    • PaySense Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through Pay sense Services India Private Limited .The rate of interest and the processing fee was very less .This loan amount got sanctioned on time and this loan is still active .The agent shared all the relevant details about the loan process.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Dec 23, 2019
    • IndusInd Bank Personal Loan
      "Need to decrease the interest rate for personal loan"
      0.5 5.0/5 "Blown Away!"
      I have applied a personal loan from Indusind bank then I given a request to cancel this loan because got an offer from other bank with low interest of 9.75%. Indusind the interest was 10.75%. Customer service and responsiveness was good. I only placed a request to close the loan.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Nov 19, 2019
    • Fullerton Personal Loan
      "Good Service"
      0.5 3.5/5 "Pretty good"
      I have applied for Fullerton personal loan through Online .I have not taken this loan since no payslip and no bank statement hence dropped the plan.I was not having any issues with rate of interest and the processing fee.The agent gave all the required details about the loan process completely .
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Nov 04, 2019
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