Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Guwahati Personal Loan

    Guwahati is not only the largest city in Assam, but also the largest urban area in Northeast India. As such, the city has a multitude of banks that offer personal loans at attractive interest rates and flexible repayment tenures.

    We found 33 Guwahati Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
    What you'll love
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    Fees & Charges
    Good to Know
    Customer Reviews
    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    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.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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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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    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Guwahati Personal Loan is Rated as "Great!" by 331 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Guwahati is the capital of the northeast Indian state known as Assam. It is a peaceful city with rivers and hills around it. It is a transit halt for millions of people who visit different places in the northeastern parts of the nation. It is a leading port city that has been witnessing extensive progress over the past few years.

    If you are in need of a personal loan for any of your needs in the city of Guwahati, you can conveniently apply for one on the Internet or by going to your lender’s branch located in the city. When you apply online, you can complete the entire application process on your own without any professional assistance. On the other hand, when you visit a branch, you will most likely have to take help from a branch executive to complete the full 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 RatesUpdated on 18 Jan 2019

    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:

    • United Bank of India
    • 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
    • ICICI Bank
    • Rajkot Bank
    • Bank of Baroda
    • Indian Bank
    • Bajaj Finserv
    • UCO Bank
    • Vijaya Bank
    • Central Bank of India
    • Bank of Maharashtra
    • J & K Bank
    • Allahabad 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 2018

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

    Name of bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    Citibank 10.99% to 19.99% p.a. Up to 2.5% of the loan amount Up to Rs.30 lakh 1 to 5 Years
    Aditya Birla 14% to 26% p.a. Nil Rs.25,000 to Rs.15 lakh 6 to 36 months
    Bank of Baroda 1-year MCLR + SP + 3.00% to 1-year MCLR + SP + 8.00% Rs.1,000 to Rs.10,000 2% of your loan amount Rs.50,000 to Rs.10 lakh Up to 60 months
    UCO Bank 11.20% to 11.45% p.a. 1% of loan amount Up to Rs.10 lakh Up to 60 months
    State Bank of India 11.85% to 14.70% p.a. 1% Rs.25,000 to Rs.15 lakh Up to 84 months

    Salary requirements to avail Personal Loans in Guwahati

    In order to be able to apply for a personal loan in the city of Guwahati, you will be required to meet a few basic eligibility criteria. This typically includes age criteria, income criteria, and repayment ability criteria.

    You should be at least 21 years and not more than 60 or 65 years while applying for a personal loan. The age requirement will vary from lender to lender.

    The salary requirements will also differ from lender to lender. However, you will definitely have to be earning a good salary on a monthly basis at the time of applying for a personal loan in this city. Ideally, you should be earning at least Rs.7,500 if you are a salaried employee. If you are a self-employed applicant, your business venture should be earning a profit of at least Rs.1 lakh p.a.

    Guwahati Personal Loan FAQs

    1. 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.

    2. 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.

    3. 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.

    4. 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.

    5. 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.

    Guwahati Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Great website"
      0.5 5.0/5 "Blown Away!"
      I like the bankbazaar services. Bankbazaar people are very co-operative and they know how to convince the customers. Since 2016, I'm using the bankbazaar website. Through Internet i come to know about this website. Through bankbazaar i checked my credit score.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 12, 2018
    • Fullerton Personal Loan
      "They must reduce the interest rate"
      0.5 4.0/5 "Great!"
      I got my loan on time. According to my eligibility, i have got the loan from Fullerton. They have offered me a loan amount of Rs. 2.2 lakhs. I have got the interest rate of 21% which is very high and the processing fee was between 12000 to 16000. I have chosen the tenure period of 5 years. The service provided by Fullerton is really good.
      Was this review helpful? 3
      , guwahati
      Reviewed on Dec 12, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using BANK BAZAAR for while .The services provided by bank bazaar is good when compared to others. Customer service was good and they responded on time but the call flow is too much . Both mobile application and website is easy to use in bank bazaar.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 10, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC BANK ,they charge very high rate of interest 13.49% and processing fee was very average .Customer service was good and they collected documents on time. I never faced any issues, also they had given foreclosure option too.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 10, 2018
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL"
      0.5 5.0/5 "Blown Away!"
      At the beginning i came to about the Bank bazaar through the notification from my mobile and so that i have used the website for applying for the personal loan added on that i use the mobile application also for accessing. The customer service is very good.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 08, 2018
    • HDFC Bank Personal Loan
      "AVERAGE"
      0.5 4.5/5 "Excellent!"
      The reason for taking the personal loan with the HDFC BANK is that i am an existing customer of this bank so i have taken it. The process is simple also the loan amount is almost sufficient. The rate of interest is of 10-11% approx, the duration is for 3 years to repay the loan.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 08, 2018
    • Bank Bazaar Personal Loan
      "Need to reduce call volume"
      0.5 4.0/5 "Great!"
      I am using the services of bankbazaar from last 7-8 years, the services provided by bankbazaar is good when compared to others. Customer service is good with bankbazaar and they responded on time. Mobile app of bankbazaar is easy to use. Call volume should be reduced in bankbazaar
      Was this review helpful? 1
      , guwahati
      Reviewed on Dec 03, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was good with HDFC bank for personal loan, it was a balance transfer from other bank and i received my loan amount within 10 days. The loan amount was for Rs 2.75 lacs with nominal interest rate and the tenure period for this loan was for 4 years.
      Was this review helpful? 1
      , guwahati
      Reviewed on Dec 03, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am happy with the services provided by bankbazaar, i know bankbazaar,com from last 2-3 years. I did not have much interaction with the customer support of bankbazaar. The website of bankbazaar is easy to navigate and is user friendly to use.
      Was this review helpful? 0
      , guwahati
      Reviewed on Nov 19, 2018
    • HDFC Bank Personal Loan
      "Need to reduce ROI"
      0.5 4.0/5 "Great!"
      It was a good experience with HDFC bank for personal loan, i received my loan amount within 10 days. The loan amount was for Rs 4 lacs with tenure period of 5 years. They said the rate of interest will be 11.2% but they charges 12.49%. Customer service was good and they responded on time.
      Was this review helpful? 1
      , guwahati
      Reviewed on Nov 19, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of bankbazaar from last 7-8 years, the services provided by bankbazaar is good when compared to others in the market. Customer service was good and they responded on time. Website of bankbazaar is easy to navigate and user friendly to use.
      Was this review helpful? 1
      , guwahati
      Reviewed on Nov 09, 2018
    • HDFC Bank Personal Loan
      "Need to reduce charges"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with HDFC bank for personal loan, the process took 15 days to complete. The rate of interest was high when compared to other banks and the loan amount was based on requirement. Customer service was good with HDFC bank and the tenure period for this loan is 4 years.
      Was this review helpful? 1
      , guwahati
      Reviewed on Nov 09, 2018
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My experience was really amazing with BANK BAZAAR . The customer service and responses was up to the mark. I have taken my personal loan here . The website is amazing and the web portal's good so I would like to recommend to others . My overall experience was satisfactory.
      Was this review helpful? 1
      , guwahati
      Reviewed on Sep 11, 2018
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've been using the BankBazaar platform for a while. I have applied for a personal loan via BankBazaar. Th customer support follow up was good during the process. BankBazaar is a smooth platform for applying emergency financial assiatnce from various banks.
      Was this review helpful? 2
      , guwahati
      Reviewed on Aug 31, 2018
    • ICICI Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the ICICI bank. It was a good Experience, the process was very fast, the interest rate, charges were there. I got the loan amount with in 5 days. It was a very good experience taking a personal loan from the ICICI bank.
      Was this review helpful? 1
      , guwahati
      Reviewed on Aug 31, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      BANK BAZAAR is a good platform for all the financial products, The customer service and response was very good.I use the website which is very user friendly and easy to access. The web portals accuracy and speed is good so its recommendable.
      Was this review helpful? 0
      , guwahati
      Reviewed on Aug 13, 2018
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC bank. The loan amount was 2 lakhs and the interest rate was very much satisfactory . The tenure period was 5 years . The customer service and responses were very good . The documentation process was very good and the loan was approved on time.
      Was this review helpful? 0
      , guwahati
      Reviewed on Aug 13, 2018
    • Bank Bazaar Personal Loan
      "Website is good"
      0.5 4.0/5 "Great!"
      The experience with Bankbazaar is good and there are no hassles in the process. The customer support is on time to contact me and inform me the details. They also processed the same to the bank quickly and followed up in the process. The website is good.
      Was this review helpful? 0
      , guwahati
      Reviewed on Aug 13, 2018
    • HDFC Bank Personal Loan
      "Good. Can be more transparent in the details"
      0.5 4.0/5 "Great!"
      HDFC Bank has offered me a personal loan and the process was good and on time. The loan was also disbursed as per my requirement. I was informed that the rate of interest will be around 10 to 11% and finally I was charged around 13% The processing fee is also charged.
      Was this review helpful? 0
      , guwahati
      Reviewed on Aug 13, 2018
    • Fullerton Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approved FULLERTON for a personal loan. The loan process was very good and The loan mount was 5 lakhs.. The given interest rate was very high than other banks and the tenure period was 3 years .My salary date is on 10th and my emi date is on 5 th which was but disappointing and cannot be changes also. The processing fee was nominal.
      Was this review helpful? 1
      , guwahati
      Reviewed on Jun 27, 2018
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