Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Gurgaon Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0 to ₹1,180
    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 Paperless approval available
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    Customer Reviews
    10.99% - 20.75% 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
    12.99% - 12.99% 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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    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
    Good to Know
    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
    Think about
    Fees & Charges
    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
    What you'll love
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    Perks
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  • Gurgaon Personal Loan is Rated as "Great!" by 1478 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    Gurgaon Personal Loan

    Gurgaon is a city in India and is a leading financial and industrial center, situated in the National Capital Region near the Indian capital New Delhi in the state of Haryana.Gurgaon has witnessed rapid urbanization, chiefly as a result of multinational corporations opening outsourcing offices in the city.Gurgaon has the third highest per capita income in India.

    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 Gurgaon Personal Loan if you are

    01
    02
    03
    04
    Gurgaon Personal Loan Minimum Age

    At least 21 years old

    Gurgaon Personal Loan Maximum Age

    Less than 65 years old

    Gurgaon Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Gurgaon Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Gurgaon Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Gurgaon Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Gurgaon Personal Loan Maximum Loan Funded

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

    Gurgaon Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Gurgaon Personal Loan amount by these steps

    01
    02
    Gurgaon Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Gurgaon

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Gurgaon 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

    Gurgaon Personal Loan Interest RatesUpdated on 20 Nov 2017

    Gurgaon 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 Gurgaon

    A personal loan is a form of unsecured loan availed by individuals for their personal needs from a banking institution or a non-banking financial company (NBFC). It is offered to customers on the basis of some specific criteria, such as income level, employment history, credit score, and repayment capacity.

    A personal loan differs from a car or home loan as it is not a debt that is secured against any asset. Effectively, the borrower does not put up a collateral to avail it. So, in the event of a default, the lender cannot auction anything to retrieve the loan amount. Hence, the interest rates on personal loans are significantly higher than the rates on car or home loans.

    If a borrower defaults on a personal loan, it would clearly reflect in his/her credit report and would impact a loan application in the future.

    Personal Loans offered by various banks in Gurgaon

    Most of the leading banks and NBFCs have branches across Gurgaon. Customers can apply for personal loans and business loans at these banking institutions. In addition, these banks also offer core banking services, asset management, commercial lending, and investment advice. Listed below are some of the banks that offer personal loans in Gurgaon at attractive interest rates:

    • HDFC Bank
    • IndusInd Bank
    • Tata Capital
    • Citibank
    • Bajaj Finserv
    • RBL Bank
    • IDFC Bank
    • ICICI Bank

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

    People avail personal loans for various reasons, such as paying for home improvements, further education, household expenses, vehicle financing, etc. Getting the best interest rates on personal loans is hence, a great way to save money as you can cut the amount of interest paid towards EMIs over an extended period of time. Listed below are some ways in which you can get a low interest rate on your personal loan in Gurgaon and avoid a large debt:

    1. Display creditworthiness - You have to first understand why your credit score is crucial for availing a loan. Based on your debt history, your credit score will measure your creditworthiness, and hence, the repayment possibility. Having a low credit score indicates that you may not pay your loan back, and hence, it poses a risk to lenders. In such a scenario, the lender compensates the risk by charging a higher interest rate on the loan.

      Customers can check their credit scores online at the websites of any of the three credit reporting bureaus, TransUnion/CIBIL, Experian, and Equifax. It is possible to get your credit score for free. If your credit score is a high value, it shows your creditworthiness. A score of 700 is a good value.

    2. Improve your credit score - If your credit score is a low value, then you can consider improving it, but you will have to think about how long you can wait before availing the loan. If you can afford to wait for some months or even years, then it is wise to build a better credit before initiating the loan application.

      Those with low credit scores can negotiate with lenders or implement better spending habits to boost their credit score. You can also attempt to repair your credit history and remove the damaging entry on your credit report. In order to build a good credit report, you will have to consistently make your EMI payments in full and on time, for months or even years.

    3. Getting better terms on your loans - Some banks offer personal loans with better interest rates when an asset is secured under the debt as a collateral. So, if you have a valuable asset, such as an equity or a car, you can get a lower interest rate on your personal loan if you secure it with that asset. In such a situation, if you are unable to repay your loan, the lender can take possession of the asset as compensation. Loans with a collateral are also easier to get, particularly for those with bad credit.

      You can also consider taking a loan with a floating loan rate, where the interest rate increases with the prime lending rates. Alternatively, you can ask a family member or a friend to co-sign your loan. This way, you can avail a loan on their creditworthiness. Comparing rates of loans across various lenders is a great way to understand the best offers from banks. You can utilise the loan comparison facility offered by neutral third-party financial websites for the same.

    Personal Loan Interest Rates in Gurgaon 2017

    Bank Interest Rate Range Lowest EMI for each Rs.1 lakh Processing Fee Range
    HDFC Bank 10.99% to 20% Rs.2,174 Up to 2.50%. Minimum amount is Rs.1,000 and maximum amount is Rs.25,000
    IndusInd Bank 11.99% to 23% Rs.2,224 Up to 2.50%
    Tata Capital 11.99% to 18% Rs.2,224 2%
    Citibank 10.99% to 16.49% Rs.2,174 Up to 2%
    Bajaj Finserv 11.99% to 15.50% Rs.2,224 2.25% to 3%
    RBL Bank 16% to 20% Rs.2,432 Up to 1.25%
    IDFC Bank 11.49% to 19.50% Rs.2,199 Up to 2.50%
    ICICI Bank 11.59% to 22% Rs.2,204 Up to 2.25%

    Salary requirements to avail Personal Loans in Gurgaon

    For an applicant to be eligible for a personal loan in Gurgaon, he/she should be of an age between 21 and 60 years. Although the eligibility criteria varies according to the bank, the minimum income requirement is usually Rs.15,000 per month for salaried individuals. The salary requirement also varies according to the city in which you live and the company you are employed with. The minimum total work experience expected is 2 years.

    FAQs for Personal Loan in Gurgaon

    1. What documents need to be submitted when applying for a personal loan in Gurgaon?

      The applicant is required to submit the following documents to avail a personal loan in Gurgaon:

      • Three passport size photos
      • ID proof - This could be Aadhaar, Voter ID, Passport, etc.
      • Proof of residence - This could be the landline phone bill, rental agreement, Passport, bank statement, etc.
      • Copy of PAN Card
      • Age proof - This could be driver’s license, Passport, copy of PAN Card, etc.
      • Proof of income - Payslips for the last 3 months can be shown as proof of income
      • Bank statement - Bank statements for 6 months are usually required when applying for the loan
      • Proof of job stability and continued employment - This could be the Form 16 or offer letter from the employer
    2. What is the difference between fixed and floating interest rates?

      For a personal loan with fixed interest rate, the EMIs will be fixed. If you opt for a floating interest rate on your loan, the EMIs will decrease progressively, as it follows the reducing balance method of interest calculation. According to the latest MCLR rules, floating rates may be altered either on an annual or half-yearly basis.

    3. Is it possible to prepay my personal loan?

      Yes, most banks allow prepayment of personal loans. However, some banks require borrowers to pay a certain number of EMIs before the loan can be prepaid. Prepayment charges may also be levied by some banks on the outstanding loan amount.

    4. How long does it take for my loan to be approved?

      The approval of your personal loan is at the sole discretion of the lender. The whole process takes between 48 hours to 2 weeks. After you submit all the necessary documents and the verification is complete, the loan will be disbursed by the bank within 7 working days.

    5. Can I avail any tax benefits on my personal loan?

      Usually, personal loans do not offer any tax benefits. However, if you take one for the renovation of your home, you may be eligible for tax deductions under Section 24 of the Income Tax Act. This tax rebate is limited to only the interest, and not the entire principal amount.


    Gurgaon Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with HDFC bank, it was overall a good loan experience. The loan amount was for Rs 4 lakhs with the rate of interest of 15.78% which is high when compared to other banks. I submitted all my documents online and the process was very smooth. Customer service was good and they responded on time. My loan amount was approved within a week which is a normal time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provides very good services when compared to all other banking websites, i often get mails from bankbazaar regarding the ongoing offers. I know bankbazaar.com from last 5-6 years. The customer service was good and their response was prompt. The website is easy to use and is user friendly. I also check my credit score in the website.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 18, 2017
    • Tata capital Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from TATA CAPITAL, my loan application was closed because there was no proper follow up done after the application was submitted. The customer service was no up to the mark, they did not come to collect documents and there was no proper response from them, The rate of interest was nominal when compared to others in the market.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 18, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The rate of interest quoted by HDFC for personal loan service was 16% which was high compare to others in the market my documents have been submitted directly to the bank branch and the customer service was good it was a average experience with HDFC for my personal loan service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2017
    • Bank Bazaar Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      Bankbazaar.com provides me with a very good service, I applied with Bankbazaar.com website which was easy to use compare to others in the digital market, it was been five years I know about Bankbazaar.com it was a wonderful experience from Bankbazaar.com for my loan process.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2017
    • Standard Chartered Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I applied for a personal loan with STANDARD CHARTERED bank but I am not happy with the service of STANDARD CHARTERED the interest rate was very high compare to other banks in the market I feel there approach was not good it was totally a average service from STANDARD CHARTERED for my personal loan service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2017
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am having the personal loan with the HDFC bank and the interest rate is around 14%. Customer service is good one with the HDFC bank and am paying everything on time, so there are no issues on it. I would like to say that they need to reduce the interest charges.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      My experience was excellent with Bank bazaar. The customer service and response was up to the mark. The website was very user friendly and easy to navigate. I have tried using the credit score options and calculators which was very useful.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have my personal loan with HDFC bank.I had a very hassle free loan process and The executives were very helpful.I have taken 15 lakhs and the interest rate was 11.3% which was satisfactory. The customer service and responses was really good. The processing fee was 1500 here .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • Capital First Personal Loan
      "Unhappy"
      0.5 2.0/5 "Expected more"
      I had applied for a personal loan with Capital First and would say that it has been a very bad experience for me with them as i found no response and no initiative taken to contact me.There was no response and also o information on the closed status of my application.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • SBI Personal Loan
      "Hassle free"
      0.5 5.0/5 "Blown Away!"
      Based on my salary account I got the personal loan from SBI, they gave me best interest around 12.3% but offer would be generally 14%. They gave me preclosure, part option I could close my loan any time without any charges. Benefits of the personal loan its good.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • Bank Bazaar Personal Loan
      "One Stop Solution"
      0.5 5.0/5 "Blown Away!"
      Service is excellent in Bank Bazaar, I could find all the information related to the financial products. I don't need to spend more time for the searching the products, through Bank Bazaar everything is within exception. They also resolving the customer's queries and providing good Service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • Standard Chartered Bank Personal Loan
      "More than Expection"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered is good, their follow up is also cooperative its more than my exception. There was no processing fee for the personal loan in SCB, their interest rate is nominal as per the market. Even Bank have disbursed the amount on time without any hassles.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • Bank Bazaar Personal Loan
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I would like to appreciate bank bazaar as soon as I applied for a Personal Loan they called me immediately. The response was very prompt. They collected my details and requirements. This is the first time and I am completely satisfied with the service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • Aditya Birla Finance Personal Loan
      "Need to improve the process time"
      0.5 3.0/5 "Satisfactory"
      It was not very good experience with Aditya Birla. I had applied for a Personal Loan through online and the process took very long for 30 days. They need to faster the service and process. There is no email regarding welcome letter and EMI break downs. I didn't get a proper contact number to call customer support. I am not sure about processing fee but ROI is nominal.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 09, 2017
    • Citibank Personal Loan
      "Good for personal loan"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from CITI Bank. The disbursed loan amount was 10 lakhs.The rate of interest with the bank was 11.49%. They have a pre closure facility.The processing fee was 3500 for 10 lakhs. The documentation part was also completed on time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 08, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I would give five stars for Bankbazaar as they have provided the best deal for me and I am happy with them. They were very quick to process my information to the banks and they also followed up as well on a regular basis. The website is also good and informative.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 07, 2017
    • Standard Chartered Bank Personal Loan
      "High on the ROI"
      0.5 4.0/5 "Great!"
      I have taken good a personal loan from Standard Chartered Bank and the experience was good. The process was on time and the disbursement as expected. But the bank was not consistent in the rate of interest. I was offered 11.99% initially and later I got 12.5%. The processing charges was zero.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 07, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 3.0/5 "Satisfactory"
      When i applied through bankbazaar they directed me to HDFC bank were i found some challenges.I did not got any proper response from the bank end. Bankbazaar should check upon the criteria whether customers are getting good response from the bank end or not.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 07, 2017
    • Citibank Personal Loan
      "Ready credit facility"
      0.5 4.0/5 "Great!"
      I have requested for a personal loan with Citi bank But i could not avail the loan, as they have already gave me an option like ready credit availability which linked with my salary account.So i can take loan with that facility and after 6 months only i can reapply for a personal loan with CITI Ban k.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 07, 2017
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