Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 Gurgaon Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    11.50% - 17.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 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.1,000 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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    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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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 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
    100% PAPERLESS APPROVAL
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    11.49% - 18.25% 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 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.1,000 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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    10.99% - 14.49% Fixed
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    30L Max
    1-5 years
    Response Time : Within 30 minutes
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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 1590 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 23 Jul 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

    • IndusInd Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with INDUSIND BANK. The process was quite good and i have taken 85,000. The given interest rate was satisfactory and the EMI period was good. I had a very good loan process . It was a paperless process most of the time and the executives were helpful also. They have provides door step service for collecting documents . They were very cooperative and there are no processing fee for the same.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 21, 2018
    • HDFC Bank Personal Loan
      "Above average service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal,loan from the HDFC bank for 8 lacs. The interest rate was 14% but the banking services were good. They also sold an insurance policy with the loan which wasn't good. Overall it was comparatively better.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jul 11, 2018
    • ICICI Bank Personal Loan
      "Above average service"
      0.5 2.0/5 "Expected more"
      I have taken a personal loan from the ICICI bank for 3 lacs. There were hidden charges, The interest was also higher, overall it hasn't been a good experience taking personal loan from the ICICI bank. They need to get ride of additional hidden charges.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have take personal loan from the Hdfc Bank which they approved and the amount is reflected in few days ,its instant approve process. As am satisfied with the rate of interest. They provided the tenure period of 2 year and i make the payment monthly though ECS. There are processing fees of Rs 2000 .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 03, 2018
    • Bank Bazaar Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken the services of this on line portal, I am quite happy with the services, they helped me and guided me in processing the loan application. It was very easy and hassle free process, their website is also good and quite user friendly.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from IndusInd bank, the rate of interest they have charged on the loan amount is Rs. 13% which is quite normal for me and they have charged me .56% processing fee on the loan amount. Over all experience was good, I received the amount on time and I am quite happy with it.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jun 29, 2018
    • Citibank Personal Loan
      "Excellent Service/Response"
      0.5 5.0/5 "Blown Away!"
      Delivered what i was told during initial calls. Minimum interest rate(10.49%) with 0.5% processing fees. This is the lowest that i came across . No hidden charges and no hidden terms and conditions. Amount got processed with in 5 days. Just make sure all the documents are correct and you are not providing any false information.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 28, 2018
    • YES Bank Personal Loan
      "ROI is high"
      0.5 4.0/5 "Great!"
      Interms of ROI is too high compared other banks. I found the customer care service which was helpful. I have applied around 5 lakhs how ever i they have approved the same. I already paid around 1.3 lakhs. I'm paying the EMI amount of 11400 every month through ECS. I have opted the loan for 5 years.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 21, 2018
    • Bank Bazaar Personal Loan
      "Good Website"
      0.5 5.0/5 "Blown Away!"
      I applied a personal loan through bankbazaar.com and I'm not a regular user of bankbazaar. Whenever I need any financial assistance I always come to this site. I never downloaded the bankbazaar mobile application. Overall, I'm satisfied with their customer care services.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 21, 2018
    • HDFC Bank Personal Loan
      "Affordable"
      0.5 5.0/5 "Blown Away!"
      The documentation process was smooth anyway it can be improved. The person came to my place and collected all my documentation. Basically i was applied was around 3.75 lakhs however i have got only 50 K. I have applied from Bank to Bank transfer. The interest rate was nominal and affordable. I used to pay the EMI of 1400.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 21, 2018
    • Citibank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      Rate of interest was good one for the personal loan with the CITI bank and the customer service is good too. The loan amount got disbursed immediately, also I have not faced much interaction with them till now as such.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 20, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      Bankbazaar.com is good one and I have used it for the first time. Response is also good one with them. I would like to say that the online portal is also easy to access with the Bankbazaar.com. Everything is good one with the Bankbazaar.com.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 16, 2018
    • Tata capital Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      Customer service is good one and the responsiveness too with the Tata capital limited for the personal loan. In the welcome kit the rate of interest is entirely differed from which they have promised. I am happy with the Tata capital limited.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 16, 2018
    • Bank Bazaar Personal Loan
      "Good Experience in Bankbazaar"
      0.5 5.0/5 "Blown Away!"
      Everything was good in Bankbazaar. User interface is very nice. Customer care very much helpful. I saw the TV advertisement about bankbazaar since i have been using this bankbazaar for 5 months. I have downloaded the bankbazaar app and its very well
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 10, 2018
    • IndusInd Bank Personal Loan
      "Very Good Services"
      0.5 5.0/5 "Blown Away!"
      Convenient banking for the customer. I have called to the Indusind bank customer care once to know loan status and details. Customer care experience is really good. It took very less time to contact the customer care. They are providing a very less interest rate which is is 11.01%.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 10, 2018
    • ICICI Bank Personal Loan
      "Very good"
      0.5 3.0/5 "Satisfactory"
      My home loan was taken with ICICI bank. I was looking for 20 lakhs and the given interest rate was 8.4% which is satisfactory . The customer service and responses was up to the mark.I have 24/7 helpline number. I did not get the loan here since they can only process for bank others.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jun 08, 2018
    • Kotak Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan on the last November, the process in getting this loan has been very easy and smooth. The loan has got at the correct time and the loan amount had been satisfactory. The interest which they had been charging had been wonderful. The banking services had been ahead when compared with the other banks.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 06, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC bank has offered me a personal loan around 4years ago. The customer support service and the response is good with the HDFC bank. The requested loan amount has been given and I am satisfied with it. The rate of interest and the charges were high when I got the loan,
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 04, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I got the personal loan with the TATA CAPITAL around a year ago. The customer support service and the response is good with the TATA Capital . I have got the required loan amount from the tata capital and i am satisfied with it. The rate of interest and the charges are average here.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jun 04, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The overall experience i had with them so far had been pretty good. I have started using their services long time back and this has not been my first purchase through them. I have been using their website and it has been very easy in using it, there has not been any kind of issues faced so far. Their customer service also had been good in the information provided.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 27, 2018
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