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% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Customer Reviews
    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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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 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
    Customer Reviews
    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
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13% - 21% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + 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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 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
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
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    Good to Know
    Eligibility Criteria
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
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    Perks
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    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
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  • Gurgaon Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Userfriendly Website"
      0.5 4.0/5 "Great!"
      I am very much satisfied with Bank Bazaar, I liked the customer ordination, I got a call from your end. The person who contacted me they helped on the loan process. Bank Bazaar website is also designed well to access easily, more over its very userfriendly.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • HDFC Bank Personal Loan
      "Response part has to be improved"
      0.5 1.0/5 "Really Bad"
      HDFC took one month to reach on the loan process. I have submitted all the documents very first day the person came to get the signature from me. But again they never responded when I had a issue on my cheque, I would like to suggest them they should revert back to the customer on their request.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is a fabulous and everything was perfectly fine. I would like to say that the representative have provided me the better option to dealt with. I am really happy with the Bankbazaar.com till now and I dont have any issues on it.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My experience was good one with the Standard chartered bank for the personal loan. I would like to say that there were no issues with the Standard chartered bank and the loan amount got disbursed within ten days of time from the time, when I have applied.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Good. Can do better"
      0.5 3.5/5 "Pretty good"
      I received response from Bankbazaar on time after I placed my request on the website initially. The customer services are good. It would have been better of the documents were collected on time, there could have been more follow up calls on that.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 18, 2017
    • HDFC Bank Personal Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      It was a wonderful process with HDFC Bank. It was on time and as expected. The bank also sent me my emi details after the disbursement. It is a clear process for the personal loan. The interest rate is around 10%. The processing charges could be more lesser.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 18, 2017
    • Bank Bazaar Personal Loan
      "Good advisor"
      0.5 5.0/5 "Blown Away!"
      Through Bank Bazaar we could get details rather going to bank premises and wasting time and energy where now a days every thing is available online for people who find it very difficult for choosing which bank provides the best rate and it also saves our time and money.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 16, 2017
    • HDFC Bank Personal Loan
      "should reduce rate of interest "
      0.5 3.0/5 "Satisfactory"
      HDFC provides good banking services normally the private banks have less rate of interest when compared to government banks .The rate of interest offered to me during my loan availing is 17.5% which is very high and the tenure period that was given is also very low .They should consider reducing rate of interest according to the market rates and norms.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 16, 2017
    • Bank Bazaar Personal Loan
      "Need to improve more "
      0.5 3.0/5 "Satisfactory"
      Bank Bazaar portal is good but need to have more information regarding the banks and should have status of the application because all the banks have information and no response .Bank Bazaar should have a platform like it should help customer till disbursement of the loan and it should be more helpful too.The customer services are good but need to improve with details of more banks.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 16, 2017
    • HDFC Bank Personal Loan
      "Worst experience"
      0.5 2.0/5 "Expected more"
      HDFC services are not good but rather as a nationalized bank it should have a proper team that handles all the data because no one should suffer as i suffered i am also a bank representative we handle lot of things .No proper information on the rate of interest they should improve there services overall .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 16, 2017
    • Tata capital Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from Tata capital limited and it was a excellent process. I received my loan on time and the disbursement was what I applied for. The rate of interest was around 10% and the deal was also good on the processing fees.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 14, 2017
    • ICICI Bank Personal Loan
      "Loan process should be flexible and also eco friendly"
      0.5 1.0/5 "Really Bad"
      I am having a loan with ICICI with the interest rate of 18% it was very high and there was no facility for part payment and foreclosure. Still my personal loan is live with ICICI, I am paying EMI on monthly basis without any option to close my loan.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 14, 2017
    • Bank Bazaar Personal Loan
      "Good financial advisor"
      0.5 4.0/5 "Great!"
      Bank Bazaar systematically link with other banks, using their website, I can browse all the offers in the market. Then I compare the best thing, even navigation tool is good and they are very supportive to help me on the product. I am very fine with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 14, 2017
    • Citibank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Earlier I had a requirement for the personal loan but right now I don't have any need to take the loan. Hence I closed my loan application, but CITI bank interest rate is good, they offered 11.49% and also gave me good response with good facilities like pre payment and foreclosure charges.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 14, 2017
    • Bank Bazaar Personal Loan
      "User friendly"
      0.5 5.0/5 "Blown Away!"
      I found Bankbazaar through Google. I put up an inquiry for a personal loan with HDFC bank through bankbazaar. I got a quick response and even immediate calls from their end. The website seems much user friendly and customer oriented. The follow ups and response was good
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 13, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I just made an inquiry for personal loan with HDFC BANK. Later on if i am planning to get a personal loan then i will definitely consider HDFC bank. Due to my personal reasons I am unable to apply for the loan for time being. But still I will recommend this bank to others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had a plan to take to my personal loan so I have approached Bank bazaar. Their website was amazing with lot of options and very easy to access. Their customer service was excellent and I am satisfied with their immediate responses . I would like to rate them 5 in all aspects.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 13, 2017
    • Citibank Personal Loan
      "Not bad"
      0.5 5.0/5 "Blown Away!"
      I have approached CITI bank for my personal loan as i have my saving account here . Their rate of interest was 14-15% for 15lacs which is quite high when comparing to other banks and 1% processing fee so I didn't go ahead with it because I was not satisfied . Apart from that their customer service and responses was excellent.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "Connects Banks"
      0.5 4.0/5 "Great!"
      I found Bankbazaar through Google and i found the website user friendly and easy to navigate. The bankbazaar team gave me regular follow ups and intimated every status regarding my loan application with STANDARD CHARTERED BANK and i am really satisfied with the care and response from bankbazaar.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 13, 2017
    • Standard Chartered Bank Personal Loan
      "Approachable Bank"
      0.5 4.0/5 "Great!"
      I have applied a personal loan application with STANDARD CHARTERED BANK. They gave me a good response. The rate of interest provided from the bank is 11%. Most of the bank will have some amount of processing fees but in STANDARD CHARTERED their is no processing fees.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 13, 2017
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    Gurgaon Personal Loan is Rated as "Great!" by 1371 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    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 24 Sep 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.


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