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  • Guwahati Personal Loan

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  • 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 18 Guwahati Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    10.75% - 21.50% Fixed
    Up to 2.50% One time fee
    Up to Rs.40L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    Customer Reviews
    11.00% - 16.75% Fixed
    Zero Processing Fee
    Up to Rs.25L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    25.00% - 32.00% Fixed
    3.00% One time fee
    Rs.75K - Rs.5L
    1 - 4 Years
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    11.25% - 14.49% Fixed
    Up to 2.75% One time fee
    Up to Rs.20L
    1 - 6 Years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    18.00% - 36.00% Fixed
    2.00% - 3.00% One time fee
    Rs.1L - Rs.5L
    Up to 5 Years
    Only KYC docs required
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    11.99% - 25.00% Fixed
    3.00% - 6.00% One time fee
    Up to Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    13.00% - 30.00% Fixed
    Zero Processing Fee
    Rs.50K - Rs.2L
    Up to 4 Years
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    10.50% - 16.99% Fixed
    Up to 2.50% One time fee
    Rs.50K - Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00% One time fee
    Up to Rs.30L
    1 - 5 Years
    Accelerated Approval
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    16.50% - 20.00% Fixed
    Up to 2.00%(Min ₹2,000) One time fee
    Up to Rs.15L
    1 - 5 Years
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    18.00% Fixed
    2.00% - 5.00% One time fee
    Rs.50K - Rs.7.5L
    1 - 4 Years
    100% PAPERLESS APPROVAL
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    17.00% - 26.00% Fixed
    2.00% One time fee
    Rs.2L - Rs.20L
    0.5 - 4 Years
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    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 31 Oct 2020

    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

    • HDFC Bank Personal Loan
      "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.
      Was this review helpful? 0
      , guwahati
      Reviewed on Feb 19, 2020
    • HDFC Bank
      HDFC Bank Personal Loan
      "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.
      Was this review helpful? 0
      , guwahati
      Reviewed on Feb 05, 2020
    • Tata capital Personal Loan
      "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
      , guwahati
      Reviewed on Jan 03, 2020
    • Axis Bank Personal Loan
      "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
      , guwahati
      Reviewed on Dec 16, 2019
    • review Personal Loan
      "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.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 16, 2019
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through ICICI Bank.I have availed the loan amount of 1lakh with tenure of 3years and still this loan is active and paying the premium through EMI .There was no drawbacks with the rate of interest and the processing fee.I am totally satisfied with the service.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 03, 2019
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan directly through ICICI Bank.I have availed the loan amount of 2lakhs for the tenure of 4 years and still this loan is active and paying the preimium through EMI .There wa no difficulties with the rate of interest and the processing fee.I am satisfied with the service.
      Was this review helpful? 0
      , guwahati
      Reviewed on Dec 03, 2019
    • HDFC Bank Personal Loan
      "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
      , guwahati
      Reviewed on Dec 03, 2019
    • Axis Bank Personal Loan
      "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
      , guwahati
      Reviewed on Nov 21, 2019
    • SBI Personal Loan
      "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? 2
      , guwahati
      Reviewed on Nov 21, 2019
    • HDFC Bank Personal Loan
      "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
      , guwahati
      Reviewed on Nov 21, 2019
    • HDFC Bank Personal Loan
      "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
      , guwahati
      Reviewed on Oct 20, 2019
    • HDFC Bank Personal Loan
      "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.
      Was this review helpful? 0
      , guwahati
      Reviewed on Sep 28, 2019
    • HDFC Bank Personal Loan
      "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.
      Was this review helpful? 0
      , guwahati
      Reviewed on Aug 14, 2019
    • HDFC Bank Personal Loan
      "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
      , guwahati
      Reviewed on Aug 12, 2019
    • HDFC Bank Personal Loan
      "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
      , guwahati
      Reviewed on Aug 07, 2019
    • HDFC Bank Personal Loan
      "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
      , guwahati
      Reviewed on Aug 06, 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? 2
      , guwahati
      Reviewed on Apr 16, 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
    • 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
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