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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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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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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    Perks
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    Eligibility Criteria
    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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    Good to Know
    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
    11.00% - 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 Paperless approval available
    What you'll love
    Documents
    Perks
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  • Gurgaon Personal Loan is Rated as "Great!" by 1498 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 12 Dec 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

    • Tata capital Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with TATA CAPITAL . Their service is very good, prompt. They were always ready help! The rate of interest offered was better than most of the financial establishments. I would highly recommend them for everyone looking out for a loan.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "Good platform"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a very good platform for all the financial products. The customer service and responses was satisfactory . The process was very easy to navigate and user friendly . The web portal's accuracy and speed so I would like to recommend to others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 11, 2017
    • Tata capital Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I have my personal loan with TATA CAPITAL. The loan amount was 5.70 lakhs and the interest rate was 11.84% which was satisfactory . The tenure period was 6 years and the processing fee was nominal . I am satisfied with the customer service and responses .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 11, 2017
    • Bank Bazaar Personal Loan
      "One stop solution"
      0.5 5.0/5 "Blown Away!"
      The response was prompt with bank bazaar. I didn't have to do much , it was easy process. This was the first time and am completely satisfied with the service. The customer support was very kind and helpful. The request was given through online website. I like the design and it was easy to locate the options.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 08, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I could not have better interest rate than anyone else, ICICI has offered 10.99%. It was quite easy process and they processed very fast. The documentation process was less, The documents are submitted online and executive took signature from me. The disbursement was on time provided 1L. The EMI duration is one year.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 6 months, the services provided by bankbazaar is good when compared to all other banking websites. It was a good experience so far with bankbazaar. Customer service was good and their response was prompt. I came to know about bankbazaar through google. The mobile application is easy to access and is user friendly.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 07, 2017
    • Standard Chartered Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from Standard Chartered Bank, my loan application was approved and the requested amount was disbursed. The customer service from SCB was fine and they responded on time, they provided door step service to collect the documents. The process was smooth and my loan amount was approved within 10-12 days. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 07, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have my personal loan with ICICI bank 2 years back . The loan amount was 5 lakhs and the interest rate was 14% which was very high than other bank in the market. The tenure period was 3 years and the pre closure is after 1 year . I had a very good loan process here and I would like to recommend to others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a very good platform for all the financial products. The responsiveness was amazing and their customer service was satisfactory . The web portal's accuracy is good and it is very speedy too. I have not faced any issue with the service in all their service is very much recommendable.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 07, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with STANDARD CHARTERED bank .The loan amount was 7 lakhs and the interest rate was 11.55% which was average . The EMI period was 5 years . The loan process was very good and they have sanctioned the loan with the committed time. Here there is no processing fee so I would like to recommend the bank to others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Its Better"
      0.5 2.0/5 "Expected more"
      Online application is pretty good, they helped to find the leander based on my choice its really work out good. Its a good website for all, But I would like to suggest the waiting of helpline number should be reduced and should be more responsive. I submitted all my document through online for Tata Capital loan process, I thought my file got logged in but after that also Tata Capital taken long time. It would be great if Bankbazaar works on it.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 05, 2017
    • Tata capital Personal Loan
      "Need vast of improve"
      0.5 1.0/5 "Really Bad"
      Tata Capital personal loan documentation was very difficult, even they were not completely aware about their loan process. They gave me lots of communication but they were not fulfilled. Interest and Charges is quite comparable for the personal loan.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 05, 2017
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am satisfied with Bank Bazaar, the customer representatives are very polite and more responsible . They reached me I am thankful to Bank Bazaar, the website information is good, my queries related to the personal loan it got resolved I am very fine with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 05, 2017
    • Kotak Personal Loan
      "Dissatisfactory"
      0.5 1.0/5 "Really Bad"
      I applied personal loan through online channel from Kotak, I got call after three days from the bank, the entire process took 10 days, Kotak executive gave me the contact no, when I tried reach them but they were in leave but no taken initiative. But HDFC processed my loan within two days. I would like to suggest Kotak service should be improved.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 05, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar was a good platform where I can do a best comparison with multiple choice. The customer service was up to the mark. The response was prompt and fast. I had a proper follow up and it was on time. The website is very good and flexible to access.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 02, 2017
    • Citibank Personal Loan
      "Below Average"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Citi Bank through online. They called me and said my application has been rejected. I don't know the reason so I have arranged loan from other source. But they took very long period to process.The rate of interest and charges are not discussed.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 02, 2017
    • ICICI Bank Personal Loan
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      it was a good experience only with ICICI Bank for the personal loan i took .the customer service was good but it could have been more better .the bank executive gave me all the required information for the loan process . the rate of interest was very high as compared from the others banks so i did not opt for the loan process .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 01, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I took this personal loan form HDFC Bank quite a while ago . the bank gave me a Full approval on the amount i asked for .the money got Disbursed to my account within 4 to 5 days . the Rate of interest was 11.5% they charged and the processing fee was 2% . Pre closure part payment was there availed to me .
      Was this review helpful? 2
      , gurgaon
      Reviewed on Dec 01, 2017
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.5/5 "Excellent!"
      Almost about 4 to 5 months back i took a personal loan . i did not get a Full approval on the amount i asked for i only got approval for 90% .the amount got Disbursed within 5 to 6 working days . the Rate of interest was 11.49% i got from the bank side and the processing fee was 1.5% . the bank gave me option of Pre closure and part payment .
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 01, 2017
    • Bank Bazaar Personal Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      it was a good customer service from the Bank bazaar side .i received call from the bank bazaar executive within 48 hours of time .the Website of bankbazaar was user friendly and easy to use .it was a real good experience with bank bazaar when my loan was processed.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 01, 2017
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