Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Gurgaon Personal Loan
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    Tenure Range
    10.99% - 17.99%
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    1-5 Years
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    10.99% - 25% Fixed
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    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
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
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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
    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
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    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
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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 1621 Users

    Fees & Charges

    Promised Interest Rate

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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 21 Sep 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

    • Citibank Personal Loan
      "GOOD SERVICE"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with CITI BANK , the tenure period is 1.5year . Customer support and their follow up is good , i can connect them easily . They charge 14% rate of interest with this bank . I did not face nay issue at the time of getting loan and even at time of documentation .
      Was this review helpful? 1
      , gurgaon
      Reviewed on Sep 17, 2018
    • HDFC Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK ,They charged 16% rate of interest which is too high and tenure period is 2year .The processing fee with this bank is 2% and it is too high with this bank . Loan amount is up to the mark with this bank . Customer support and their response is good with this bank .
      Was this review helpful? 1
      , gurgaon
      Reviewed on Sep 17, 2018
    • ICICI Bank Personal Loan
      "good service"
      0.5 4.5/5 "Excellent!"
      My personal loan was taken with ICICI BANK , there is processing fee with this bank and it is nominal in the market . Loan amount is up to the mark with this bank . They charged 14% rate of interest it is satisfactory and tenure period is 2year . Overall the services was good with this bank .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 17, 2018
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had been using the services of Bank Bazaar in the recent times, and the experience i had with them has been good. I had been using the mobile application of them and it has been easy in using it. Their customer support also had been good where they had been making regular calls during the time of the documentation. The option of verifying the email address every time when we log in to the application should be avoided.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 14, 2018
    • Cashe Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting this personal loan form CashE had taken three days and the loan amount which they had provided has been less than i expected. The interest rate with them has been a little on the higher side. The customer support also had been good as well and there has not been any hassle faced so far.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Sep 14, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      This was my first time experience with bankbazaar and it was good, the services provided by bankbazaar is good when compared to others. Customer service was good and they responded on time. I am getting too many calls from bankbazaar. The website of bankbazaar is easy to use.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was very good with IndusInd bank for personal loan, the process was smooth and i received my loan in 10 days. The loan amount was for Rs 9 lakhs with the tenure period of 4 years and rate of interest was nominal. Customer service was good and they responded on time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 12, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using BANK BAZZAR services for a while. I have not started using mobile application of bank bazaar . Overall the services is good . For the first time i have got banking product through bank bazaar .It was good, when you say paperless application.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Sep 11, 2018
    • IDFC Bank Personal Loan
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      My loan amount was taken with IDFC BANK , the processing fee is to high with this bank it is 7500 and tenure period is 5 years . They provide foreclose option too and loan amount is up to the mark . Rate of interest is 11.5% with this bank . It has been good experience with this bank .
      Was this review helpful? 3
      , gurgaon
      Reviewed on Sep 11, 2018
    • Axis Bank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through AXIS BANK , they provide 14% rate of interest and it is nominal in the market . There is no hidden charges taken with this bank .I use to pay 4757 as EMI and tenure period is 5year . The processing fee is 2000 and they gave preclosere option is there .
      Was this review helpful? 2
      , gurgaon
      Reviewed on Sep 07, 2018
    • Bank Bazaar Personal Loan
      "BEST SERVICE"
      0.5 4.0/5 "Great!"
      I have taken services from BANK BAZAAR because i was receiving lot of mails even i check in goggle regarding loan , so i thought to apply for my loan through bank bazaar and the so soon i started getting calls and i receive my loan soon . I am using this website from past 5month . Mobile application and website is easy to use .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 30, 2018
    • Axis Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken AXIS BANK personal loan , my loan experience was good with this bank . The customer support services and their follow up is satisfactory . They provide me with 200000 of loan amount . There is no hidden charges . They have charge 1.8% of processing fee and even there is preclosere option . I am not happy with rate of interest it is 14.5% and its too high .
      Was this review helpful? 1
      , gurgaon
      Reviewed on Aug 30, 2018
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've been using the BankBazaar platform for a while. The whole process was paperless and convenient. After uploading the documents it was very fast,, they processed the loan with in 3 days. It was very good experience.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 29, 2018
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the HDFC bank. The whole application process was easy and hassle free. I uploaded the documents online and got the loan credited with in 3 days, the rate of interest was also in par with the market rate.
      Was this review helpful? 2
      , gurgaon
      Reviewed on Aug 29, 2018
    • Bank Bazaar Personal Loan
      "Good. Can do better in follow ups"
      0.5 3.0/5 "Satisfactory"
      The initial process was okay at Bankbazaar as I was contacted on time and given the details. It would be better if there are follow up calls done with the bank and I after the document submission. Details like the local address and permanent address which I had to provide was informed to me at the last minute and due to which I lost two loans, this is the third time I applied and I got through. These kind of details are little things which can be got by just one call to the customer. Else the process would be cumbersome.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 29, 2018
    • Kotak Personal Loan
      "Good overall "
      0.5 4.0/5 "Great!"
      My personal loan is with Kotak Mahindra Bank. The process to get the loan was smooth and there was no delay. But the details like processing fee is not transparent and due to which the loan amount was lesser than expected. The rate of interest is of 13.75%.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 29, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with bankbazaar so far, the services provided by bankbazaar is good when compared to others. Customer service was good and they responded on time. I am using the website of bankbazaar, it is easy to navigate and is user friendly.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 28, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      My personal loan was approved with ICICI bank and the experience was good, the process took 7-10 days to complete. The loan amount was for Rs 6 lacs for 4 years with nominal interest rate when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 28, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My experience was really good with BANK BAZAAR as their service and responses was up to the mark. This is my first experience and the website is very good. The web portals accuracy and speed is good so its recommendable so I would like to recommend to others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 25, 2018
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      I have taken my credit card with CITI BANK. The process was very goo and the credit limit is 3 lakhs which is satisfactory . The interest rate was satisfactory and the tenure period was 3 years . The processing was very good and easy . They have sanctioned the loan within the committed time. There is no processing fee here.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Aug 25, 2018
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