Jaipur is the capital city of the state of Rajasthan. It is a royal place with several palaces that boast of intricate architecture. The city has a number of beautiful gardens, museums, and even royal courtyards. It is known as the ‘Pink City’. It is a famous tourist destination with many colourful places to visit.
Apart from being a holiday destination, it is also famous for its trade and commerce activities in industries such as textiles, jewellery, handicrafts, food, etc.
In Jaipur, one has good access to banking and other financial products due to the presence of many financial institutions. If you are looking to take a personal loan, you can apply for one after comparing interest rates and other fees and charges.
|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|
A few of the top lenders that offer personal loans in the city of Jaipur include:
Are you trying to get a good interest rate for your personal loan in Jaipur? You will have to build your creditworthiness in order to secure a great loan deal. You need to make sure that your credit score is 750 and above. This will prove that you are a trustworthy borrower. Once your lender understands that you are responsible with money, you will be allowed to negotiate for a good loan deal.
In case you have a pretty bad credit score, you can enhance it by clearing off all your previous debts as soon as possible. If you have any pending credit card bills, you will need to pay them fully.
You should also ensure that you choose your loan amount and loan tenure depending on your existing finances, your expenses, and your repayment ability. You should avoid taking a very high loan amount if you are doubtful about your repayment capacity.
If you have a good idea about borrowing and repaying on time, you will be able to secure a splendid interest rate for your personal loan EMIs.
|Bank||Interest Rate Range||Processing Fee Range||Loan Amount||Tenure|
|Citibank||11.49%-15.99% (Fixed)||1% to 2.5%||Rs.30 lakhs||1-5 years|
|Capital First||12%-18% (Fixed)||Up to 1.5% (OTF*)||Rs.15 lakhs||1-5 years|
|Standard Chartered||10.99%-14.49%||Nil||Rs.30 lakhs||1-5 years|
|HDBFS||13.99%-16.99%||1%-2% (OTF)||Rs.30 lakhs||1-5 years|
|TATA Capital||11.99%-19.50%||Nil||Rs.20 lakhs||1-6 years|
|ICICI Bank||11%-17.99%||2.25% (Min. Rs.1,149)||Rs.20 lakhs||1-5 years|
|IndusInd Bank||11.99%-19% (Fixed)||Up to Rs.3,000 (OTF)||Rs.25 lakhs||1-5 years|
|Oriental Bank||10.85%-11.85%||0.5% (OTF)||Rs.50,000-Rs.10 lakhs||1-5 years|
|HDFC Bank||10.99%-19.8% (Fixed)||Up to 2.5% (OTF)||Rs.25 lakhs||1-5 years|
|Aditya Birla||11.5% to 13.25% (Fixed)||Nil||Rs.30 lakhs||1-5 years|
|Fullerton India||11.99% to 23.99 p.a.||Information not provided.||Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals||1-4 years|
|Kotak Business Loan||12.99% to 14.50%||0.99% to 2%||Rs.45 lakhs||1-5 years|
|HDBFS Business Loan||15.95%-18.95% (Fixed)||2% (OTF)||Rs.20 lakhs||1-3 years|
|Kotak Mahindra||11.49% - 20.15%Fixed||Up to 2%||Rs.15 lakhs||1-5 years|
|Allahabad Bank||13.10% (Fixed)||1.22% (Min. Rs.1,228)||Rs.50,000 to Rs.7.5 lakhs||1-5 years|
|Bank of India||13%-14% (Fixed)||Rs.1,000 to Rs.10,000 (GST not included)||Rs.10,000-Rs.5 lakhs||1-3 years|
|Bank of Baroda||11.35%-14.35% (Fixed)||1% (Min. Rs.1,000) OTF||Rs.20,000 to Rs.2 lakhs||4 years|
|BOM||12.75% (Fixed)||1% (Min. Rs.1,000)||Rs.1.5 lakhs||1-3 years|
|Bajaj Finserv||13.99% p.a.||2.25% to 3% of the loan amount||Up to Rs.25 lakh||12 months to 60 months|
|Canara Bank||12.75% (Floating)||Rs.1,000 to Rs.5,000 (OTF)||Rs.3 lakhs||5 years|
|Dena Bank||13%-14% (Fixed)||1% (OTF)||Rs.15,000 to Rs.1 lakh||1-3 years|
|Central Bank||11.4% (Floating)||Rs.500 (OTF)||Rs.10 lakhs||4 years|
|Indian Bank||12.65% to 13.65% (Floating)||Rs.508 to 0.508% (OTF)||Rs.50,000 Max.||3 years|
|IDBI Bank||12.20% (Floating)||1%+S.T. (OTF)||Rs.50,000 to Rs.10 lakhs||1-5 years|
|IOB||13.65% (Fixed)||1.01% to 1.10% (OTF)||Rs.1 lakhs to Rs.15 lakhs||1-5 years|
|South Indian Bank||13% (Fixed)||0.50% (OTF)||Rs.3 lakhs||1-4 years|
|Karur Vysya||13.35% to 15.85%||0.4% (OTF)||Rs.1 crore Max.||1-3 years|
|SBI||11.85% to 14.70% p.a.||1%||Rs.25,000 to Rs.15 lakh||Up to 84 months|
|Bank of Maharashtra||1 year MCLR + 4.00% p.a.||1% of your loan amount with a minimum of Rs.1,000||Up to Rs.1.50 lakh||Up to 36 months|
|Vijaya Bank||13.50% (Fixed)||Nil||Rs.10 lakhs||1-5 years|
|Tamilnad Mercantile||14.30% to 16.30% (Floating)||1% (OTF)||Rs.2 lakhs Max.||1-5 years|
|Union Bank||14.4% (Floating)||0.5% (Min. Rs.500) OTF||Rs.5 lakhs Max.||1-5 years|
|UCO Bank||11.35% to 11.60% (Fixed)||1% (Min. Rs.750) OTF||Rs.10 lakhs||5 years|
|Yes Bank||Information not provided.||Up to 2% (OTF)||Rs.2 lakh to Rs.20 lakh||1-5 years|
*OTF – One Time Fee
When a bank or an NBFC receives your personal loan application, they will need to check if you are eligible to take the loan. You will need to meet certain requirements when you are applying for a personal loan in Jaipur:
How can I repay my personal loan?
You can repay your personal loan through multiple modes. You can repay your personal loan conveniently by choosing the equated monthly installment (EMI) option. You may also choose the debit option where you will have to connect your personal loan account to your savings account.
Will I need to pay any pre-closure charge for a personal loan in Jaipur?
This depends on the bank or NBFC that you choose. If you choose pre-closure, you may have to pay a fee of 2 to 5%.
Do I need to get a guarantor while applying for a personal loan in Jaipur?
No, you will not require a guarantor to apply for a personal loan.
What are the documents that need to be submitted by applicants who are self-employed?
If you are a self-employed applicant, you will need to give a balance sheet and a profit and loss account that are audited or CA certified for the most recent 3 years.
When I choose BankBazaar for the personal loan application process, can I get a custom quote?
Yes, you will need to choose your gender, your city, enter the organisation you work for, and enter your income details. According to the information you enter, you will receive a custom quote.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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