• Custom Free
     

    Custom quote

  • Guwahati Personal Loan

    Loading your search...
  • 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.
    More
    We found 17 Guwahati Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.75% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    10.99% - 15.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
    What you'll love
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria
    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Eligibility Criteria

    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 24 Oct 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.

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

        

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    Guwahati Personal Loan Reviews

    • 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? 1
      , guwahati
      Reviewed on Oct 20, 2019
    • HDFC Bank
      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? 1
      , 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
    • 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
    • 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
    • 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
    • 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
    • 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
    • ICICI Bank Personal Loan
      "Good User Experience"
      0.5 5.0/5 "Blown Away!"
      I have taken loan from ICICI based on the credit card, its best compared to HDFC, the process was also smoother. I done online documentation. My principal amount was around Rs. 2 lakhs for the tenure of five year, I can close my loan at any time, I normally make the online payment.
      Was this review helpful? 1
      , guwahati
      Reviewed on Mar 06, 2019
    • HDFC Bank Personal Loan
      "Hassle free and convenient"
      0.5 4.0/5 "Great!"
      Interest is very high in HDFC bank, I think the bank have charged me around 13% for the amount of Rs. 3 lakhs for the loan period of five years. Rest of all is fine with HDFC, the customer executive came to my place collected the papers and verified it in smooth manner.
      Was this review helpful? 1
      , guwahati
      Reviewed on Mar 06, 2019
    Common Loader Icon
    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.