Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Gwalior Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.70% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Customer Reviews
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Good to Know
    Eligibility Criteria
    10.65% - 11.65% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time : Within 30 minutes
    Guarantor Required Paperless approval available
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    14% - 33% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    Paperless approval available
    What you'll love
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    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.00% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
    What you'll love
    Documents
    Perks
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  • Gwalior Personal Loan is Rated as "Excellent!" by 58 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Gwalior Personal Loan

    Gwalior is one of the largest cities in the state of Madhya Pradesh.A number of industrial and commercial zones have developed around Gwalior.it is the tourist capital of Madhya Pradesh and is one of the largest cities in central India.

    A personal loan is a kind of unsecured loan which can be used for any purpose that the borrower deems necessary. An unsecured loan is an umbrella term used for loans which do not require collateral. Banks, credit unions, and other financial institutions offer personal loans on an ongoing basis.


    You’re probably eligible for an Gwalior Personal Loan if you are

    01
    02
    03
    04
    Gwalior Personal Loan Minimum Age

    At least 21 years old

    Gwalior Personal Loan Maximum Age

    Less than 65 years old

    Gwalior Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Gwalior Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Gwalior Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Gwalior Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Gwalior Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Gwalior Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Gwalior Personal Loan amount by these steps

    01
    02
    Gwalior Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Gwalior

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Gwalior 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

    Gwalior Personal Loan Interest RatesUpdated on 11 Dec 2017

    Gwalior Personal Loan Details
    Interest Rate (Monthly reducing balance) 13.49% - 34%
    Processing Fees 0.5-2.5%
    Loan Tenure 1 year to 5 years
    Pre-closure Charges 2% - 5%
    Guarantor Requirement No guarantor required

    Apply for Personal Loan

    Personal Loan in Gwalior

    Top banks and NBFCs in the country offer personal loans for those who need emergency cash to clear debts or clear medical expenses, fund their wedding, take a trip abroad, etc. When loan shopping, customers can make use of financial portals such as BankBazaar to choose a particular loan offered by a particular bank. On the BankBazaar website, customers can compare loans offered by its partner banks and choose one offering the best interest rate - relative to the tenure. Customers can also make EMI calculations on the BankBazaar website to determine what exactly will be their debt-to-income ratio if and when they do avail the personal loan.

    Personal Loan offered by various Banks in Gwalior

    Listed below are the top banks and NBFCs in Gwalior that are offering personal loans.

    • Standard Chartered Bank
    • Bajaj Finserv
    • Axis Bank
    • Aditya Birla
    • Oriental Bank
    • ICICI Bank
    • Fullerton
    • Tata Capital
    • HDFC Bank
    • Kotak Mahindra Bank
    • Citibank

    How do I get a Personal Loan with the lowest interest rate in Gwalior?

    Customers generally make the mistake of choosing the bank holding their salary account without actually loan shopping as it relaxes the paperwork, but in most cases, availing a loan elsewhere will result in them saving money. Customers need to look at all the components that affect the overall interest rate added to the personal loan. To ensure that you are offered a loan at the lowest possible interest rate, one will have to look at the below mentioned components that affect the interest rate.

    Credit score: A credit score of 750 plus is ideal when availing a personal loan. If your credit score is below 750, banks usually offer personal loans at a higher interest rate. The higher your credit score, the lower will be the interest rate offered to you by the bank or the NBFC.

    Down payment: Making an upfront down payment anything north of 20% of the total loan amount will result in the bank offering you a lower interest rate.

    Debt-to-income ratio: Banks and NBFCs usually prefer for the loan applicant's debt-to-income ratio to be below 40% or 50%. If it above, in most cases reject the application as it reduces the bank’s trust in your repaying the loan amount in time. Having a debt-to-income ratio anything less than 40% of your net monthly income will result in the bank or NBFC offering you a personal loan at the best possible interest rate.

    Loan shopping: Financial portals such as Bank Bazaar aid customers when it comes to choosing a loan as they compare the loan offers (with the interest rate, processing fee, etc.) of all its partner banks and displays the bank or NBFC offering personal loans at the lowest interest rate.

    Your company’s reputation and your experience: When availing a personal loan, having a good number of years of experience as well as working for a reputed company is a big bonus as it enhances the bank’s trust in your repaying the loan in time.

    Negotiating: Making a negotiation with the bank availing you a loan on the interest rate might just get you a better deal. If you have a good past relationship with the bank, it’s a good chance that the bank will give you the best interest rate possible.

    Personal Loan Interest rates in Gwalior 2017

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.00% - 17.99% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    Citibank 11.49% - 15.99% (Fixed) 1% to 2.5% Rs.30 lakh (Max) 1-5 Years
    Kotak Mahindra Bank 11.49% - 20.15% (Fixed) Up to 2% Rs.15 lakh (Max) 1-5 years
    Fullerton 17.25% - 37% (Fixed) 1.5% to 6.0% (One time fee) Rs.15 lakh (Max) 1-4 Years
    Bank of Baroda 11.35% - 14.35% (Fixed) Rs.1,000 to Rs.10,000 (One time fee) Rs.20,000 - Rs.2 lakh 4 Years (Max)
    State Bank of India 12.90% - 14.90% (Fixed) 1% (One time fee) Rs.24,000 - 15 lakh 5 Years
    Aditya Birla 11.5% - 13.25% (Fixed) Nil Rs.30 lakh (Max) 1-5 Years
    Allahabad Bank 13.10% (Fixed) 1.22% (One time fee) Rs.50,000- Rs.7.5 lakh 1-5 Years
    Yes Bank 14% (Fixed) Up to 2% (One time fee) Rs.20 lakh (Max) 1-5 Years

    Salary requirements to avail Personal Loans in Gwalior

    Banks and NBFCs take into consideration the income of the individual during the verification process. During this part, the debt-to-income ratio of the applicant usually decides whether the bank will either accept or reject the application. The salary requirements varies from bank to bank and also depend on the loan amount one wishes to take and.

    For salaried individuals: In general, the salary requirement - depending on the bank and type of loan - ranges between Rs.7,500 and Rs.50,000 of the applicant's monthly net income.

    For self-employed individuals: Banks and NBFCs take into consideration the self-employed individual’s income over the last two years. In most cases, the profit of the individual for the year should be between Rs.1 lakh and Rs.2 lakh for the individual’s loan application to be approved.

    Gwalior Personal Loan FAQs

    1. What is the personal loan amount limit one can avail?

      Salaried individuals can avail loans anything up to Rs.25 lakh. In the case of availing a joint loan, the loan amount will increase as the income of both parties are taken into consideration.

    2. Are there any foreclosure charges for personal loans?

      Banks and NBFCs charge anything between 2-4% of the outstanding amount when the customer makes a foreclosure. That said, in most cases customers can make a foreclosure only 6 months after commencement of the loan.

    3. Can you tell me the best way to pay an EMI towards a loan?

      There are several ways to pay an EMI. You can use your net banking account, credit card, debit card, etc.

    4. Tell me the best way to calculate the EMI towards a personal loan?

      You can calculate the EMI using online EMI calculators. The BankBazaar EMI calculator is accurate.

    5. What affects the credit score of an individual?

      Failure to pay your credit bills and loan dues in time affects the credit score of an individual. A good credit score is anything above 750.

    Gwalior Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good website"
      0.5 4.5/5 "Excellent!"
      Bankbazaar provides excellent service on finanical products when compared to all other banking websites. I know bankbazaar from last 2-3 years, the experience was good. The customer service was good and prompt. The website is easy to navigate and it is user friendly.
      Was this review helpful? 0
      , gwalior
      Reviewed on Nov 04, 2017
    • ICICI Bank Personal Loan
      "Good customer service"
      0.5 3.5/5 "Pretty good"
      I have applied for the personal loan from ICICI bank, my loan application was closed because the rate of interest was way high when compared to all other banks. The customer service and their response was good, they followed up on regular intervals.
      Was this review helpful? 0
      , gwalior
      Reviewed on Nov 04, 2017
    • Bank Bazaar Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com is good one for me and they have helped me in better way. I am happy with the Bankbazar.com and the website is good one for me. I would like to say that the website is user friendly too.
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 30, 2017
    • ICICI Bank Personal Loan
      "Best"
      0.5 5.0/5 "Blown Away!"
      I have dropped the plan of taking the personal loan because of my personal reason. Customer service is fine one with the ICICI bank and I would like to go ahead with them. Rate of interest was around 15.5%.
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 30, 2017
    • Bank Bazaar Personal Loan
      "Very good experience"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar was great. They were on time and there were no hassles. It was a very convenient process for me to get connected to the banks without having to visit the bank in person. The website is very much user friendly and very informative.
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 16, 2017
    • ICICI Bank Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from ICICI Bank and the customer support is excellent. The response is good and there are no hassles in the process for the loan. The interest rate was around 12% and the processing charges was normal too. The after loan service is good too.
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 3-4 years, i found ther services provided by bankbazaar is good when compared to other banking websites. I am using the bankbazaar mobile application, i found it is easy to navigate and it is user friendly. I did not face any issues while opening the mobile application. In short, I would say that their customer service is excellent.
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 12, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have applied for the personal loan from ICICI bank, i did not take the loan as the rate of interest way high, i dropped the plan to get the personal loan from ICICI. When it comes to cusotmer service, it was good and they were in touch all the time.
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 12, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Excellent service provider, we can easily identify bank to provide , loan credit card and every thing...... Good service bank bazar team and also aap is perfect, .what a service excellent Each and every thing in a same place is called bank bazar.com
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 08, 2017
    • Bank Bazaar Personal Loan
      "Very good website"
      0.5 4.0/5 "Great!"
      In Bank Bazaar customer follow up is very good for all financial request, when I post my personal loan request I got immediate response. I am using Bank Bazaar website its very easy and good to browse . I will prefer Bank Bazaar on financial needs always.
      Was this review helpful? 0
      , gwalior
      Reviewed on Sep 30, 2017
    • ICICI Bank Personal Loan
      "Looking for better offer"
      0.5 3.0/5 "Satisfactory"
      At the time of loan request I didn't have pay slip to process with ICICI for the personal loan, currently I have all the documents with me,. Now I am interested to go head with them. But ICICI interest rate and charges are high, it would be great if they reduce.
      Was this review helpful? 0
      , gwalior
      Reviewed on Sep 30, 2017
    • Bank Bazaar Personal Loan
      "Timely Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provided timely response on my loan application. I got good service and proper response from bankbazaar. The website is very easy to use and useful to check the interest rate and other details for the loan process. I am happy with bankbazaar services.
      Was this review helpful? 0
      , gwalior
      Reviewed on Jul 05, 2017
    • ICICI Bank Personal Loan
      "Good Process"
      0.5 5.0/5 "Blown Away!"
      ICICI bank delivered a good service for the personal loan process. I got the personal loan without any issues with the bank. They responded well and provided a good customer service as well. Moreover the rate of interest is good and nominal.
      Was this review helpful? 0
      , gwalior
      Reviewed on Jul 05, 2017
    • Bank Bazaar Personal Loan
      "Eays to apply!"
      0.5 4.0/5 "Great!"
      It is really simple to apply for any loans through the bankbazaar portal. Through promotional emails, I came to know about the bankbazaar portal. Look and feel of the website is good and easy to get information. I am really satisfied in taking a loan through the portal.
      Was this review helpful? 1
      , gwalior
      Reviewed on Jun 02, 2016
    • ICICI Bank Personal Loan
      "Easy loan process!"
      0.5 4.0/5 "Great!"
      Due to unavoidable circumstances, I am unable to take the personal loan from ICICI bank. But the personal loan process was pretty good. Even they responded to me on the same day on making a loan request through online. I am really satisfied with their services.
      Was this review helpful? 0
      , gwalior
      Reviewed on Jun 02, 2016
    • Bank Bazaar Personal Loan
      "Customer satisfaction & quick response"
      0.5 5.0/5 "Blown Away!"
      To be frank, I got a lesser rate of interest through this site, rather when I visited the bank in person. It was a very good response from Bankbazaar. The services are good. They contacted me and given me all the details I needed. The document process was simple too. I was requiring my loan on an emergency basis. They understood my need and processed the application fast.. I got to know the site through the promotional emails.
      Was this review helpful? 1
      , gwalior
      Reviewed on May 23, 2016
    • ICICI Bank Personal Loan
      "Customer satisfaction"
      0.5 5.0/5 "Blown Away!"
      The initial process was very promising with ICICI Bank for the personal loan. They came to my place when ever its required, documentation was completed within four days. But after loan services was not very supportive. I have not got the loan kit. I have only received a SMS that they have sent it through local post. When I contacted the customer care they have asked me to go to the nearest branch and collect the same. The rate of interest was of 14.5%. It was not the same to what I was informed initially. The processing charges were less when compared with other banks.
      Was this review helpful? 0
      , gwalior
      Reviewed on May 23, 2016
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      It has been a pleasure interacting with bankbazaar. The offered by them service is satisfactory. The best was the response. I received a call as soon as I registered my details on to the website. The website is very useful and informative for any customer applying for a loan.
      Was this review helpful? 0
      , gwalior
      Reviewed on May 13, 2016
    • HDFC Bank Personal Loan
      "Not satisfactory"
      0.5 1.0/5 "Really Bad"
      I am here to express my feeling of dissatisfaction , though I had taken a personal loan from HDFC Bank. They completed the process on time for the loan. The rate of interest was also normal. They also offered a reasonable processing charge. But the after loan process was not satisfactory at all. After paying two EMI, I fore closed the loan along with the penalty charges. I also received the fore closure letter. But I am still being charged an EMI for the loan. I contacted the customer care and they are not able to give me a proper answer for this.
      Was this review helpful? 0
      , gwalior
      Reviewed on May 13, 2016
    • Bank Bazaar Personal Loan
      "Excellent !!!!"
      0.5 5.0/5 "Blown Away!"
      From the internet search i came to know about bankbazaar.com. The website is user friendly. The required information available on the site. Compared to the other website i find bankbazaar is good in giving response to the customer. Excellent experience with with bankbazar.com. nice very nice
      Was this review helpful? 0
      , gwalior
      Reviewed on Apr 07, 2016
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