Guwahati Personal Loan

The largest urban area in the North-east, Guwahati has plenty of banks that offer personal loans at competitive interest rates and flexible repayment tenures. The largest city in Assam, Guwahati has a multitude of banks that offer personal loans for interest rates as low as 10.99% and repayment tenures as long as 5 years. The paperwork involved is minimal, and so is the documentation, thereby making it easy for you to gain access to immediate financing.

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Guwahati is the capital of Assam, a state in northeast India. It is a tranquil city surrounded by rivers and hills. It serves as a transit stop for millions of passengers travelling to and from various locations in the country's northeastern regions. It is a major port city that has experienced significant growth in recent years.

If you need a personal loan in Guwahati for any reason, you can easily apply for one over the Internet or by visiting your lender's location in the city. You may complete the entire application procedure on your own without the help of a professional when you apply online. When you visit a branch, on the other hand, you will almost certainly need assistance from a branch executive to finish the entire process.

Documentation needed to apply for an Guwahati 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

Guwahati Personal Loan Interest Rates_{Updated on 19 Aug 2022}

Guwahati 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 Guwahati

Let us take a look at some of the top banks and non-banking financial companies (NBFCs) that provide personal loans in the city of Guwahati:

HDFC Bank
IDFC First
Union Bank
State Bank of India (SBI)
Kotak Mahindra Bank
City Union Bank Ltd
Indian Overseas Bank
Punjab National Bank
Axis Bank
ING Vysya Bank
Canara Bank
IDBI Bank
Rajkot Bank
Bank of Baroda
Indian Bank
UCO Bank
Central Bank of India
Bank of Maharashtra
J & K Bank
Yes Bank

How do I get a Personal Loan with the Lowest Interest Rate in Guwahati?

Compare loans: If you really want to get a low rate of interest for your personal loan, ensure that you push yourself to compare multiple personal loan options. You need to check out the rates, fees, and other charges, and pick the most affordable loan. This can be done online with the help of your smartphone, laptop, or computer. All you need to do is check out the brochures of loan products on lenders’ websites or visit third-party financial websites to compare and contrast interest rates.
Maintain a decent credit score: After you finalise on a loan and decide to approach a lender, you need to take care of one step to proceed further. You must make sure that your credit score is maintained well. This score is given by credit bureau agencies depending on your credit behaviour. The score should ideally be 750 or above. In case your credit score is low at the time of applying for a particular personal loan, your chances of getting your loan approved will be pretty low. Hence, if you have a pretty poor score, put in that little extra effort to boost it by being properly financially disciplined. You can then apply for a loan for a better result.
Job status: Your lender may actually do a background check of your job details to make sure that you have a steady source of income. You can also provide a proof of your income and proof of employment to show how much you are earning. This can be done by showing your most recent payslips, bank statements, offer letter, relieving letter, etc. Moreover, if your lender has collaborated with any of your employers, you may get preferential or special rates of interest for your personal loan.

Personal Loan Interest Rates in Guwahati 2022

This table shows the interest rates for some of the banks that offer personal loans in Guwahati:

Bank	Processing Fee	Interest Rate	Loan Amount	Tenure
Citibank	1% to 2.5%	9.99% - 16.49% (Fixed)	Rs.30 lakh	1-5 years
IDFC FIRST Capital	Up to 3.5% (OTF*)	10.49%-22%	Rs.40 lakh	1-5 years
Standard Chartered	Nil	11.49% p.a. onwards	Rs.50 lakh	1-5 years
HDBFS	At the discretion of the lender	Up to 36% p.a.	Rs.20 lakh	1-5 years
TATA Capital	2.75%	10.99% onwards	Rs.25 lakh	1-6 years
IndusInd Bank	2.5% of the loan amount	11.00% onwards	Rs.15 lakh	1-5 years
HDFC Bank	Up to 2.5% (OTF)	10.5%-21% (Fixed)	Rs.40 lakh	1-5 years
Aditya Birla	Up to 2% of the loan amount	14% to 26% (Fixed)	Rs.15 lakh	1-3 years
Fullerton	0% to 6% (OTF)	11.99% - 36%	Rs.25 lakh	1-5 years
HDBFS Business Loan	2% (OTF)	10.5% p.a. onwards	Rs.30 lakh	1-4 years
Kotak Mahindra	Up to 2.5%	10.25% onwards	Rs.20 lakh	1-5 years
Bank of India	2% of the loan amount subject to Rs.1,000 to Rs.10,000 (GST not included)	10.35% - 12.35%	Rs.2 lakh	1-3 years
Bank of Baroda	2% of the loan amount subject to Rs.1,000 to Rs.10,000 (GST not included	10.50% - 12.50%	Rs.50,000 to Rs.15 lakh	1-5 Years (Max)
BOM	1% (Min. Rs.1,000)	9.45% p.a. -12.80% p.a.	Rs.20 lakh	1-7 years
Central Bank	1% of the loan amount	9.85% -10.05% p.a.	Rs.10 lakh	4 years
IDBI Bank	1%+S.T. (OTF)	Up to 10.90% (Floating)	Rs.50,000 to Rs.5 lakh	1-5 years
IOB	Up to 0.5% of the loan amount	10.50% p.a.	Up to Rs.5 lakh	1-5 years
Karur Vysya	1.5% (OTF)	11.00% to 19%	Up to Rs.10 lakh	1-5 years
SBI	1.5% (OTF)	9.60% - 15.65%	Up to Rs.20 lakh	Up to 72 months
Union Bank	At the discretion of the bank	9.30% p.a. onwards	Rs.15 lakh Max.	1-5 years
UCO Bank	1% (Min. Rs.750) OTF	10.05% to 10.30%	Rs.15 lakh	5 years
RBL Bank	Up to 3.5% of the loan value	14% p.a. - 23% p.a.	Up to Rs.20 lakh	1-5 years
Yes Bank	Up to 2.5% (OTF)	10.99% onwards (Fixed)	Rs.40 lakh (Max)	1-5 years

Salary requirements to avail Personal Loans in Guwahati

If you want to qualify for a personal loan in the city of Guwahati, you must first complete a few basic eligibility requirements. This usually comprises factors such as age, income, and repayment ability.

When applying for a personal loan, you must be at least 21 years old and no older than 60 or 65 years old. The minimum age requirement varies by lender.

Salary criteria differ from one lender to the next. However, you must be making a solid monthly salary while asking for a personal loan in this location. If you are a paid employee, you should be earning at least Rs.7,500. If you are a self-employed applicant, your business should generate at least Rs.1 lakh in profit each year.

FAQs on Guwahati Personal Loan

What is the maximum loan amount that will be offered by a lender in Guwahati?

The maximum loan amount will depend on your lender. It will be determined by your repayment ability, credit history, and relationship with your lender.

How do I repay my personal loan in Guwahati?

You can repay a personal loan in Guwahati or in any other city through various modes. This will also depend on your lender. The common modes of loan repayment include Standing Instruction (SI), Electronic Clearing Service (ECS), direct debit from your bank account, etc. You can choose any of these as per your convenience.

Do personal loans come with balance transfer options in Guwahati?

Yes, you can select a balance transfer facility for your personal loan in case you want to shift the balances of your personal loan to another lender. You will have to check with your current lender and new lender regarding the terms and conditions for balance transfer.

In case my credit score is lower than 750, will I be able to procure a personal loan in Guwahati?

While applying for a personal loan, even a credit score of 750 and above does not assure loan approval. This is very important to remember. When your credit score is lower than 750, you may have lower chances of getting your loan approved. Hence, if you really want that loan, you could put in a little extra effort to enhance your credit score. This can be achieved by being spending money in moderation. You could also present a security or collateral as it will reduce the risk of your lender. In case you got an increment in your salary, you can display your income proof to show that you can afford to repay the loan promptly. You may also combine your spouse’s income to boost your loan eligibility.

Can I apply for a top-up facility with a personal loan in Guwahati?

There are quite a few lenders in the city that provide top-up options for personal loans. You could check with your lender regarding the specifications of the top-up facility. Generally, you will have to complete paying EMIs at least for 12 months and only then you can avail the top-up facility.

A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

Important Personal Loan Pages

Personal Loans by Bank

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

Personal Loan Articles

Other Loans

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Guwahati Personal Loan Reviews

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"One of the best loan "

0.5 5.0/5 "Blown Away!"

For the home renovation purpose and for the hospital expenses, i have applied this personal loan from HDFC because its a best bank. I have applied the loan amount of Rs. 3 lakhs and they have offered me an average interest rate. I have selected the duration of 5 years to close this loan.

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RAJU , guwahati
Reviewed on Feb 19, 2020
"Good service"

0.5 5.0/5 "Blown Away!"

I have applied HDFC Bank personal loan through online. Then they have asked for 3 months of salary slip to process the loan but i had only 2 months payslip due to this reason my application got closed. Customer service and responsiveness was good.

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M D , guwahati
Reviewed on Feb 05, 2020
"Need to reduce interest rate"

0.5 4.0/5 "Great!"

I applied for TATA CAPITAL personal loan through online. I have not submitted any documents and no response from bank executive. Bank offered me with the rate of interest above 17%, So I am not interested to process the loan. I suggest bank to reduce the rate of interest as other bank are offering around 13 to 14%.

Was this review helpful? 1

RANJAY , guwahati
Reviewed on Jan 03, 2020
"Interest rates need to be reduced"

0.5 4.0/5 "Great!"

In Axis bank personal loan, the interest rate is 18% for me. I took the loan amount of Rs. 2 lakhs and the amount is credited to my account in 15 days. They do have part payment and pre-closure facility without any additional charges. I already use the credit card from Axis bank so that i have chosen this bank.

Was this review helpful? 1

AHMED , guwahati
Reviewed on Dec 16, 2019
"Interest rates are higher"

0.5 3.0/5 "Satisfactory"

Chosen my personal loan from Bajaj Finserv because they provide me a loan within a short span of time. I purchased the loan amount of Rs. 3 lakhs and the rate of interest is 11.75% so I'm paying the EMI amount of Rs. 8100 for the tenure period of 5 years. I have provided the documents through the collection executive.

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AHMED , guwahati
Reviewed on Dec 16, 2019
"Excellent Service"

0.5 5.0/5 "Blown Away!"

.I have applied for HDFC Bank personal loan through Online .I have not availed this loan since not submitted the documents on time and also taken the loan from some other source.The agent has shared all the update about the loan and there was good callback and response from bank end .

Was this review helpful? 0

GIRIN , guwahati
Reviewed on Dec 03, 2019
"Best Service"

0.5 3.0/5 "Satisfactory"

I have taken a personal loan directly through Axis Bank .The rate of interest was high and since I have some requirement chosen for it. Took this loan for house renovation purpose only.I have got without any delay and bank agent clearly explained the loan process when applied.

Was this review helpful? 1

MRINAL , guwahati
Reviewed on Nov 21, 2019
"Best Service"

0.5 5.0/5 "Blown Away!"

I have taken personal loan directly through State Bank Of India .The rate of interest and the processing fee was medium according to my concern .The loan amount got sanctioned on time and this loan is still active and it will be completed within 6 years and availed loan amount of 7.4 lakhs .

Was this review helpful? 3

ROSHAN , guwahati
Reviewed on Nov 21, 2019
"Satisfactory"

0.5 4.0/5 "Great!"

I have applied for HDFC Bank personal loan through Online . I have not availed this loan since no requirement at that time.I am not having any difficulties with the rate of interest and the processing fee .I have submitted less documents and all the details of this loan was shared by the agent.

Was this review helpful? 1

RITTIK , guwahati
Reviewed on Nov 21, 2019
"Good Service"

0.5 4.0/5 "Great!"

Its because of the instant services i have chosen the personal loan from HDFC bank. I was applied the loan amount of Rs. 5 lakhs and they offered me a interest rate of 12% is convenient for me and the processing fee was Rs. 3500. From my end, i couldn't provide the documents even though the collection executive contacted me many times.

Was this review helpful? 2

MRINAL , guwahati
Reviewed on Oct 20, 2019
"Need proper call back"

0.5 1.0/5 "Really Bad"

HDFC BANK executive did not approach me for the document collection and also there was no proper followups due to this reason my personal loan got cancelled. I don't know the rate of interest but I have applied for 1L. I have chosen this bank because of good reputation and familiar bank.

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PANKAJ , guwahati
Reviewed on Sep 28, 2019
"Need to work on the interest"

0.5 4.5/5 "Excellent!"

Totally the HDFC bank have taken 10 days of time to complete the process of personal loan. I took the amount around Rs. 2 lakhs it has the duration of four years, I felt the rate of interest is higher but I was in great need hence I taken it, hence its fine for me.

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RANJAN , guwahati
Reviewed on Aug 14, 2019
"Excellent Service"

0.5 5.0/5 "Blown Away!"

I have applied for HDFC Bank personal loan which was applied through Online .I have got the loan amount on time .The rate of interest and the processing fee was not an issue ,There was a proper follow up and the agent gave all the details about the loan process very clearly .I am pretty comfortable with the service .

Was this review helpful? 1

DEEP , guwahati
Reviewed on Aug 12, 2019
"Good Service"

0.5 4.0/5 "Great!"

I have taken HDFC Bank personal loan through online .I have got the loan amount on time ,the agent gave all the information about the loan process ,The rate of interest and the processing fee was high ,while document submission there was no issues ,The process was smooth and there was no difficulties faced so far.

Was this review helpful? 0

ISHTEYA , guwahati
Reviewed on Aug 07, 2019
"Good Service"

0.5 4.0/5 "Great!"

I have applied for HDFC Bank personal Loan which through Online ,I have received the loan amount on time and the agent gave all the required details about the loan process .Still this loan is active and i have not faced any issues while submitting the documents .I am really satisfied with the service .

Was this review helpful? 1

ANJUMI , guwahati
Reviewed on Aug 06, 2019
"Good Service"

0.5 2.5/5 "Just OK"

I have applied for HDFC Bank personal Loan the rate of interest and processing fee was high .The loan amount sanctioned was less .I have applied for 8lakh and got 4 lakhs .The agent clelary explained the process .The loan was recieved on time .There was no issues on submitting the documents.

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MAHENDRA SINGH SAINI , guwahati
Reviewed on Apr 16, 2019
"Good bank "

0.5 3.0/5 "Satisfactory"

I have taken a HDFC BANK personal loan Rs. 105000 tenure is 36 months. Rate of interest is 12.9% i am happy with the rate of interest. Processing time took longer than 15 days. My first experience was good through the online channel and it was approved fast. The second experience was also good but they took time. Documentation was taken online and executive collected the documents.

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RIYAZ UDDIN AHMED , guwahati
Reviewed on Mar 28, 2019
"Roi is very high and need some modification "

0.5 3.0/5 "Satisfactory"

HDFC sanctioned me a personal loan within 48 hours of time . Submission of documents in off-line . Where as the Interest rate is around 16 % and processing fees of Rs 1500 /- . I requested for the negotiation of Interest rate but they have denied my request .

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ISTEYAQUE AHMED , guwahati
Reviewed on Mar 21, 2019
"Excellent service"

0.5 5.0/5 "Blown Away!"

I have applied for HDFC Bank Personal Loan . The agent clearly explained the process of the loan .The rate of interest was high and there was processing fee as well .Since not require personal loan cancelled the plan of taking the loanand the overall service is good.

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CHANDRA V MOHAN RABHA , guwahati
Reviewed on Mar 19, 2019
"Very good service"

0.5 5.0/5 "Blown Away!"

I have been holding my personal loan with HDFC bank.They have given me sufficient loan amount,like based on my requirement they gave , the rate of interest they have charged was higher,they have charged not processing me ,The loan was on time.

Was this review helpful? 1

SANJAY ANANDA , guwahati
Reviewed on Mar 11, 2019

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