Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Gurgaon Personal Loan
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    Interest Rate Range
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    Tenure Range
    10.99% - 17.99%
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    1-5 Years
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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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    11.49% - 18.25% 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
    100% PAPERLESS APPROVAL
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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
    0 Bankbazaar Exclusive
    25L Max
    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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    11.50% - 14.50% Fixed
    1%
    30L Max
    1-5 years
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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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  • Gurgaon Personal Loan is Rated as "Great!" by 1642 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Gurgaon Personal Loan

    Gurugram is a financial and technology city, which is located very close to the national capital of India. It used to be known as Gurgaon. The city is officially now known as Gurugram. The city is now famous for its innovative office spaces, shopping malls, apartments, etc.

    If you are looking for a personal loan in this city, you can apply for one from a bank or a non-banking financial company (NBFC). You may apply for a loan as per your requirement by comparing rates of interest, processing fee, and other charges.


    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 16 Nov 2018

    Gurgaon Personal Loan Details
    Interest Rate (Monthly reducing balance) 10.99% to 24% p.a.
    Processing Fees Up to 2.5% of the loan amount
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Personal Loans offered by Various Lenders in Gurugram

    A few of the top lenders that offer personal loans in the city of Gurugram include:

    • Punjab National Bank
    • Fullerton India
    • ING Vysya Bank
    • Standard Chartered Bank
    • Bank of Punjab
    • UCO Bank
    • IndusInd Bank
    • Kotak Mahindra Bank
    • Oriental Bank of Commerce
    • State Bank of India (SBI)
    • Bank of Maharashtra
    • The Bank of Rajasthan
    • Indian Overseas Bank
    • Dena Bank
    • Corporation Bank
    • Deutsche Bank
    • Tata Capital
    • Citibank
    • Andhra Bank
    • IDBI Bank
    • Aditya Birla
    • Vijaya Bank
    • ICICI Bank
    • Axis Bank
    • HDFC Bank
    • Syndicate 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 2018

    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

    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service from past 1 year, there service is too good, because of bank bazaar i had applied many financial products and there customer service is too good they have explain me about the financial product whatever i have applied they did good co-ordination with me and help me out in choosing good bank , i came to know about bank bazaar service through on line, and i have been using mobile application and the application is very much easy to access.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 14, 2018
    • Early Salary Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with EARLY SALARY recently,they have provided me sufficient loan amount on temporary bases they have given me up to 14,000 i expected a bit more but it was okay for me ,and the rate of interest they have charged me up to 30% per annum was nominal for me and processing fee they have charged me up to 150 plus gst was nominal i have took short term loan for 45 days only.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 14, 2018
    • Early Salary Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with EARLY SALARY recently,they have provided me sufficient loan amount on temporary bases they have given me up to 14,000 i expected a bit more but it was okay for me ,and the rate of interest they have charged me up to 30% per annum was nominal for me and processing fee they have charged me up to 150 plus gst was nominal i have took short term loan for 45 days only.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar that i am using it for the very first time i had a very good experience with the Bank bazaar. I had been using it from past two years. I am using it through the mobile application it is easy also it is user friendly to access. The customer support is also good.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 11, 2018
    • Tata capital Personal Loan
      "GOOD SERVICE"
      0.5 3.5/5 "Pretty good"
      The reason for taking the personal loan with the TATA CAPITAL is because of lower rate of interest so i have taken this taken. The loan amount is good and the rate of interest is 11.25% approx. The process is little delay, the duration is for 5 years also the customer support is good.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Nov 11, 2018
    • ICICI Bank Personal Loan
      "AVERAGE"
      0.5 5.0/5 "Blown Away!"
      The process is delay to get the loan it took 2 months to get the loan from the ICICI BANK and the rate of interest is 13.75%. The loan amount is sufficient added on that it is for 5 years to repay the loan. There is processing fee applicable in this loan.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 02, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good so far with bankbazaar, the services provided by bankbazaar is good when compared to others in the market. Customer service is fine with this bank and they responded on time. Mobile app is easy to use and is user friendly.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 01, 2018
    • Early Salary Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      My personal loan experience with Early salary was not up to the mark, the process was quick and i received my loan within 2-3 days. I am not satisfied with the loan amount as they gave only Rs 6000 with Rs 500 as extra charges for this loan. Customer service was not good with Early salary.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 01, 2018
    • Bank Bazaar Personal Loan
      "Should Update on Regular Basis."
      0.5 3.0/5 "Satisfactory"
      To start off, I would say my exprience with Bankbazaar was less than satisfactory, as i had applied for a Personal loan through them and the bank took plenty of time to get my application processed. There was no reply from the Bank on the same and i had to call bank bazaar for the update. I understand that there was a delay from Banks end but, I would suggest that even Bank bazaar should take the responsibility as i have applied through them. Hope things will improve going further.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 01, 2018
    • Tata capital Personal Loan
      "Should Improve in all Parameters."
      0.5 3.0/5 "Satisfactory"
      I am very dis appointed with Tata capital as to get my loan approved it took more than 3 weeks. I was in need and my application was taken lightly. There was delay in almost all the procedure, to collect the documents they took time, to respond me on the same they took time and when the status was updated as loan approved , i had to wait for a week to get the amount disbursed. Bank has to work on their procedure big time and i hope they will improve
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 01, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I was in a need of Personal loan and thats when i decided to go with HDFC bank as i hold my savings account there. My need was noticed and my application was processed in a week. I am thankful to HDFC for their loyalty. The rate of interest are reasonable, its 11.45 but i would wish it can be lower. Apart from that Its great to be with HDFC
      Was this review helpful? 2
      , gurgaon
      Reviewed on Nov 01, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am using the bank bazaar for some times to check the policy benefits and to do a research on the financial products. It is very much useful to me. I used to apply a loan to the bank directly which takes more time and longer process so decided to go with bankbazaar.com which was very simple.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Oct 31, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I am very happy with the personal loan process in ICICI Bank. I believe, interest rate and the processing fee is nominal. I have applied for 70K and got the same, they have deducted around 3000 rupees. I am paying about 2400 as every month. The customer service is good.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Oct 31, 2018
    • Axis Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It has been a great experience with this Personal loan where the loan amount got disbursed in 2 minutes. It was a pre approved loan and the loan amount has been satisfactory enough. The interest rate with them has been very nominal when compared with the market rate and they had only taken some small charges.
      Was this review helpful? 6
      , gurgaon
      Reviewed on Oct 25, 2018
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      The process is done by online and it is paperless approval for loan. I have got with 1lakhs 60k with this bank. The rate of interest is i am not aware of that. The duration period is for 2 years for this loan. EMI 7810rupees i pay per month as a autopay
      Was this review helpful? 4
      , gurgaon
      Reviewed on Oct 23, 2018
    • HDFC Bank Personal Loan
      "Good Financial service"
      0.5 4.5/5 "Excellent!"
      Its instant paperless approval personal loan which i got from Hdfc bank. As the rate of interest is satisfactory based on the market price. Their customer service is way good an response was quick .I have chosen the tenure period of1 years and there is nil processing fees.
      Was this review helpful? 4
      , gurgaon
      Reviewed on Oct 10, 2018
    • Bank Bazaar Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      I have been using the Bank Bazaar services for a while. The customer support follow up was really helpful during the application. The whole application process was easy and hassle free. Overall it was a good experience with the Bank Bazaar there was no issue .
      Was this review helpful? 1
      , gurgaon
      Reviewed on Oct 08, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken my personal loan through ICICI BANK , the process of getting loan was too quick on time i got my loan . The tenure period was 3year and they charge nominal rate of interest with ICICI BANK . They gave sufficient loan with and no issue faced till date .
      Was this review helpful? 2
      , gurgaon
      Reviewed on Oct 08, 2018
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from HDFC BANK, as they have given high rate of interest while compare to other baning while available in market, i had applied for 3.5 lakh for loan i am satisfied with that even i am happy with the tenure period as for 48 months so, overall I would say their service is really good.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Oct 07, 2018
    • ICICI Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from ICICI Bank and the process is good. The customer services and response is fine too. The process of documentation is good and there was no delay in the process. The rate of interest and processing charges is normal. I got a rate of 11.99%.
      Was this review helpful? 5
      , gurgaon
      Reviewed on Oct 05, 2018
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