Multiple banks. Different interest rates. Call it a "conflict of interest".
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% - 16.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Ad
    What you'll love
    Documents
    Perks
    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.2,000 Amazon Voucher Ad Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 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. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 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 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
    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.2,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • Gurgaon Personal Loan is Rated as "Great!" by 1523 Users
    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 20 Jan 2018

    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 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

    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      It was very good experience that I had with ICICI bank for the personal loan, which I have got. I would like to say that the rate of interest was around 14.99% for the personal loan. The loan amount got disbursed within five to seven working days of time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 18, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I got the loan amount within 5days of time from ICICI bank. The response part is quick and fast from the ICICI bank and they gave me the required loan amount and I am satisfied with it. The rate of interest and the charges are average as pet the market rate.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 17, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The service was good with the Tata capital in regards to my personal loan application. Tata capital took higher than normal time to disburse my personal loan amount. The rate of interest and the charges were very low when compared with others.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      The service offered by bank bazaar is good and the digital documents submission is very good with bank bazaar team. I got the call back within 30monutes after I gave my requirement in the bank bazaar website . I know bank bazaar for more than 4years. I am satisfied with the bank bazaar service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 17, 2018
    • Bank Bazaar Personal Loan
      "Very useful app and highly recommended"
      0.5 5.0/5 "Blown Away!"
      I am using Bankbazaar.com and its my first time experience and the response is good too. I been using it from the last 1.5 years of time. I would like to say that the customer service is very good one with the Bankbazaar.com.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 10, 2018
    • Standard Chartered Bank Personal Loan
      "Very Good"
      0.5 4.0/5 "Great!"
      I got the personal loan with the Standard chartered bank with the comparatively lesser rate of interest. I got the loan amount in required amount of date. Everything is good one with the Standard chartered bank and there is nothing much patches with them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 10, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from HDFC bank and it was very good loan experience. The loan amount as for Rs 25000 with the rate of interest of 11% which is high when compared to other banks. The process was very smooth and i received my loan amount within 1 week. Customer service was good and they followed up correctly. The tenure of the loan is 1 year and it was overall a good service from HDFC bank.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 06, 2018
    • Bank Bazaar Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The bank bazaar customer service is good from their end . After i registered for the loan process i received Call in days time and everything was explained to me in detailed way .The Website of bank bazaar was easy to use and it is very much user friendly..
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 29, 2017
    • Tata capital Personal Loan
      "Good One"
      0.5 4.0/5 "Great!"
      It was a good customer service form the TATA CAPITAL as i took a personal loan from there . They gave me a full approval on the amount i asked for .the money got disbursed in a weeks time . The Rate of interest was 13.5% they charged . There was some Processing fee there they charged i don't remember . The bank gave me a Pre closure option there also With part payment option .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 29, 2017
    • ICICI Bank Personal Loan
      "Better"
      0.5 4.5/5 "Excellent!"
      I had taken a personal loan with ICICI Bank in the year of 2012. The loan process was average. They offered me 2L rupees. I paid premium around 5700 rupees through ECS. It was closed by last year June. The rate of interest was good at that time.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 20, 2017
    • RBL Bank Personal Loan
      "Interest rate to be better"
      0.5 4.5/5 "Excellent!"
      I am running a personal loan with RBL Bank. It was taken last year. They offered a personal loan on time. The customer service was not good, they need to improve the service. The rate of interest was very high. I make the payment through ECS. The pre closure option is good.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 20, 2017
    • HDFC Bank Personal Loan
      "Need to improved"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from HDFC bank , but I never got the any call back from HDFC bank. The customer support need to be improved with the HDFC bank and their response has to be focused with their own customers. The rate of interest and the charges are average with the HDFC bank.
      Was this review helpful? 4
      , gurgaon
      Reviewed on Dec 18, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a useful website where i get to know a comparison of banking products,informative and simple to understand.The customer service is good and prompt.The website is user friendly and good,i got my personal loan processed through bank bazaar.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Dec 12, 2017
    • Citibank Personal Loan
      "Best banking"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with CITI bank.They have immediately processed the request within 2 days.I have submitted documents, the loan amount is 10 lakhs,rate of interest is nominal compared to others.Net banking is working fine.
      Was this review helpful? 3
      , gurgaon
      Reviewed on Dec 12, 2017
    • 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
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