Multiple banks. Different interest rates. Call it a "conflict of interest".
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    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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    We found 33 Guwahati Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    Eligibility Criteria
    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    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
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
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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
    100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Guwahati Personal Loan is Rated as "Great!" by 358 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 25 May 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.

        

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    Guwahati Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I came to know about Bank bazaar through website while checking credit score got the details .The only suggestion is the information should be transparent and need to get proper response when apply for any financial products.The Banking service is Good .
      Was this review helpful? 0
      , guwahati
      Reviewed on Apr 16, 2019
    • HDFC Bank Personal Loan
      "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.
      Was this review helpful? 1
      , guwahati
      Reviewed on Apr 16, 2019
    • Bank Bazaar Personal Loan
      "Good service for all banking products "
      0.5 4.5/5 "Excellent!"
      Going to bank and applying a loan it took so much of time.Bank Bazaar is a good portal it helps to apply a loan through online its very great. I am using this website more than a year.I use to check CREDIT SCORE its very user friendly.Customer service and responsiveness is excellent.
      Was this review helpful? 1
      , guwahati
      Reviewed on Mar 28, 2019
    • HDFC Bank Personal Loan
      "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.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 28, 2019
    • Bank Bazaar Personal Loan
      "Correct place to purchase Personal loan"
      0.5 4.0/5 "Great!"
      Bank bazaar is a popular website for getting any financial product . Bank bazaar has supported me a lot for getting my personal loan in quick time . They remained me for submitting the documents on-time . Everything was fine and their service was perfect and it was on time.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 21, 2019
    • HDFC Bank Personal Loan
      "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 .
      Was this review helpful? 1
      , guwahati
      Reviewed on Mar 21, 2019
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I came to know about Bank bazaar through online only.According to me the banking service is good .Once came to know about Bank bazaar tried to apply for Personal Loan .The agent clearly explained the process of the loan .Since not require the loan on that time cancelled the plan of taking personal loan .I have not faced any difficulties and the Overall service is good .
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 19, 2019
    • HDFC Bank Personal Loan
      "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.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 19, 2019
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, there service is good, and i came to know about bank bazaar service through promotional mail, and i have applied for credit card through bank bazaar,and i have been using mobile application, it is easy to access, and even there customer care service is good.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 11, 2019
    • HDFC Bank Personal Loan
      "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? 0
      , guwahati
      Reviewed on Mar 11, 2019
    • HDFC Bank Personal Loan
      "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 not charged a processing fee. The card was on time.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 11, 2019
    • Bank Bazaar Personal Loan
      "USER FRIENDLY PORTAL TO USE"
      0.5 4.0/5 "Great!"
      This is the second time experience with the Bankbazaar.com and i have a very good experience with the Bankbazaar.com services. I am using it through the mobile application also the application is user friendly to access. The customer service is good.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 08, 2019
    • HDFC Bank Personal Loan
      "GOOD"
      0.5 4.0/5 "Great!"
      The reason for taking the personal loan with the HDFC BANK is because they are offering with the nominal rate of interest. The customer service is delayed to collect the documents. I got the loan within 4-5 years. The locking period is for one year.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 08, 2019
    • SBI Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      The experience with this loan was pretty good where the process in getting this loan was really good. The loan amount which they had provided was sufficient and the terms and conditions with them was the best. There was no penalty for finishing the loan as well, the interest rate with them has also been pretty good.
      Was this review helpful? 7
      , guwahati
      Reviewed on Mar 07, 2019
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had taken this loan a while back and the experience was a little bit okay with them. The loan amount was fine and the interest rate with them has been nominal. The charges which they had made has been nominal and even their customer support was really helpful as well.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 07, 2019
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar has been really useful in my opinion where i am using the services of them for the last seven years. It was very much convenient and i used to check my credit score regularly, loans and also with credit cards. I find it as a good online portal where the credentials which they are providing in their portal are trustworthy.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 07, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since i think they are very much convenient and it is easy in communicating to their staffs. The process in getting the loan was pretty fast but the loan amount which they had provided was a little less than expected. The interest rate with them was around 13.5% which was quite okay and the charges which they had made has been nominal.
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 07, 2019
    • HDFC Bank Personal Loan
      "Correct transfe for Personal loan"
      0.5 5.0/5 "Blown Away!"
      I did transfer of loan from one bank to HDFC because of low ROI in HDFC . It is very comfortable ROI for middle class . I got quick response from the customer executive side . Processing fees is normal and tenure period is 5 year. No pre closure charge for this loan .
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 06, 2019
    • Bank Bazaar Personal Loan
      "Very good customer service "
      0.5 5.0/5 "Blown Away!"
      I am very long customer of Bank bazaar because of their service . I get free credit score and interest rate of the various banks . The communication was transparent between customer and Executive . I am getting good service and good response . Therefore, I would suggest Bankbazaar to provide the same level of service forever.
      Was this review helpful? 1
      , guwahati
      Reviewed on Mar 06, 2019
    • HDFC Bank Personal Loan
      "Need low ROI in future"
      0.5 5.0/5 "Blown Away!"
      HDFC has sanctioned the loan with in 8-9 days .The reason for delay is due to lack of man power in HDFC . Docs submitted for the verification purposes in Off line . I am satisfied with the Rate Of Interest and it is affordable for me . Need low ROI in future
      Was this review helpful? 0
      , guwahati
      Reviewed on Mar 06, 2019
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