Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Gwalior Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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 option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% 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
    11.75% - 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
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  • Gwalior Personal Loan Reviews

    • Bank Bazaar Customer Support
      "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 Customer Support
      "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 Customer Support
      "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 Customer Support
      "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 Customer Support
      "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
    • ICICI Bank Personal Loan
      "Great"
      0.5 5.0/5 "Blown Away!"
      ICICI bank called me immediately when i applied for the personal loan but due to lack of documentation i was able the avail the loan. They were offering 17% interest rate and the processing fee offered was little high. Overall service is very good.
      Was this review helpful? 0
      , gwalior
      Reviewed on Apr 07, 2016
    • Bank Bazaar Customer Support
      "Good"
      0.5 4.0/5 "Great!"
      Good but process, but it is slow. So I would suggest your team to please do it fast so that all your processing is done quickly. As every one is so busy and don't have enough time to complete the process. Bank Bazaar products are good and I like that , thanks.
      Was this review helpful? 0
      , gwalior
      Reviewed on Apr 06, 2016
    • Bank Bazaar Customer Support
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      Its the wonderful experience with the bankbazaar.com and am using it for the first time. Customer service and the responsiveness are fine with them. I got the welcome call on the same day itself. Website of the bankbazaar.com is easy to access.
      Was this review helpful? 0
      , gwalior
      Reviewed on Dec 17, 2015
    • ICICI Bank Personal Loan
      "Wonderful"
      0.5 4.0/5 "Great!"
      By September I have applied for the personal loan with the ICICI bank. Rate of interest was around 14.5% and the processing charges are around 6500 Rupees and the loan amount got disbursed after a week of time because of delay in documents from my end.
      Was this review helpful? 1
      , gwalior
      Reviewed on Dec 17, 2015
    • HDFC Bank Personal Loan
      "Easy access!"
      0.5 4.0/5 "Great!"
      HDFC bank came on themselves and asked me to take a loan from them. As I am an central government employee, they offered me a better interest rate. When compared to other banks, the interest rate is normal. The personal loan norms are easy and convenient.
      Was this review helpful? 0
      , gwalior
      Reviewed on Dec 14, 2015
    • Bank Bazaar Customer Support
      "Nice service "
      0.5 4.0/5 "Great!"
      Bankbazaar isa very good website which helps customer in the loan process.I had 2-3conersation with Bankbazaar and still that it was good.I came to know about the website through advertisement basically.The overall service provided by bankbazaar was nice.
      Was this review helpful? 9
      , gwalior
      Reviewed on Dec 10, 2015
    • ICICI Bank Personal Loan
      "Good experience "
      0.5 4.0/5 "Great!"
      The experience was very good with ICICI Bank when I have taken a personal loan.The interest rate applied was around 13% in the initial stage and later they have changed it to 14%.I will recommend the service of ICICI Bank to others for getting the loan.
      Was this review helpful? 3
      , gwalior
      Reviewed on Dec 10, 2015
    • Bank Bazaar Customer Support
      "Good to compare!"
      0.5 4.0/5 "Great!"
      The website is good to compare within all the banks. I got to know about the bankbazaar portal through Internet. The response was quick from the team for my loan application through them. I felt that the website is easy to access the loan quotes from various banks.
      Was this review helpful? 0
      , gwalior
      Reviewed on Nov 27, 2015
    • Bank Bazaar Customer Support
      "Good "
      0.5 5.0/5 "Blown Away!"
      Bankbazaar.com giving me the very good response for the financial products which I applied. I came to know about the bankbazaar.com through the promotional mail and am using the bankbazaar.com from the last one year of time. Customer service is very good with them.
      Was this review helpful? 0
      , gwalior
      Reviewed on Nov 25, 2015
    • ICICI Bank Personal Loan
      "Satisfied"
      0.5 5.0/5 "Blown Away!"
      I got the better offer while compare with the ICICI bank for the personal loan, also the EMI was around 3500 Rupees for the capital of one lakh Rupees at the tenure of 3 years of time. In the mean time I got the loan with the allahabad bank. Response is also very good with the ICICI bank.
      Was this review helpful? 2
      , gwalior
      Reviewed on Nov 25, 2015
    • Bank Bazaar Customer Support
      "Proper follow up!"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar website is very good and the follow up was properly done by the bankbazaar team. They did a proper follow up with the bank also regarding my application. All the policies are good with them. While searching for personal loan application online, I got to know about bankbazaar website
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 15, 2015
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    Gwalior Personal Loan is Rated as "Great!" by 47 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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 24 Jul 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

    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.

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