Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Jamshedpur 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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    Customer Reviews
    10.99% - 20.75% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Paperless approval available
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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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    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
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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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    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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    Perks
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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
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    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
    11.75% - 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
    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
    What you'll love
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  • Jamshedpur Personal Loan is Rated as "Great!" by 119 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Jamshedpur Personal Loan

    Jamshedpur is an extremely industrialized metropolis in the state of Jharkhand, known for its stupendous caliber to grow and develop.It is proudly addressed as India's first planned, cosmopolitan industrial urban township.

    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 Jamshedpur Personal Loan if you are

    01
    02
    03
    04
    Jamshedpur Personal Loan Minimum Age

    At least 21 years old

    Jamshedpur Personal Loan Maximum Age

    Less than 65 years old

    Jamshedpur Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Jamshedpur Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Jamshedpur Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Jamshedpur Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Jamshedpur Personal Loan Maximum Loan Funded

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

    Jamshedpur Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Jamshedpur Personal Loan amount by these steps

    01
    02
    Jamshedpur Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Jamshedpur

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Jamshedpur 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

    Jamshedpur Personal Loan Interest RatesUpdated on 20 Nov 2017

    Jamshedpur 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 Jamshedpur

    There are a number of leading banks and NBFCs which offer personal loans to customers who reside in Jamshedpur to meet their needs and requirements. In addition to personal loans, banking institutions offer other services such as asset management, core banking facilities, alternate forms of commercial lending, and investment advice

    Personal Loans offered by various banks in Jamshedpur

    Some of the prominent financial institutions that are located in Jamshedpur that offer personal loans at attractive interest rates are listed below:

    • HDFC Bank
    • Citibank
    • ICICI Bank
    • Kotak Mahindra
    • Standard Chartered
    Apply for Personal Loan

    How to Get a Personal Loan with the Lowest Interest Rate in Jamshedpur

    There are a few factors that play an important role in securing your personal loan in Jamshedpur. The way you draft your application letter plays a vital role in having a personal loan sanctioned as well as the interest rate offered on the loan amount. The interest rate that is offered will depend entirely on the lender who sanctions the loan to you. Though a personal loan is easy to apply for, you should be cautious when applying for one. A good credit score plays a vital role in applying for a loan. A credit score of 750 and above is considered as a good credit score to have and this plays a big role in getting your application for a personal loan approved. The interest rate is also dependent on this criteria. A higher credit score will fetch a lower interest rate and vice-versa. If you have a bad credit score, you should do what you can to increase it. Paying off any unpaid premiums or loans is a good way to increase your score.

    You should also make sure that you do an ample amount of research before you apply for a loan amount with a bank. You have to have a clear idea about the banking institution that you want to apply for a loan to as well as the amount that you need to borrow from the bank. If you end up borrowing an amount that exceeds the amount that you really require to meet your needs, you will end up paying an extra amount to the banking institution as interest. If you borrow an amount that falls short of meeting your needs, you might end up applying for another loan amount. This can become a hassle as managing two loans can be quite risky. You could end up missing out on a payment which would lead to a drastic drop in your credit score.

    Personal Loan Interest Rates in Jamshedpur 2017

    There are a number of major public and private sector banking institutions that offer personal loans to the residents of Jamshedpur. Listed below are some of the banks in Jamshedpur and their interest rates:

    Bank Processing Fee Interest Rate Loan Amount Tenure
    Citibank 1% to 2.5% 11.49%-15.99% (Fixed) Rs.30 lakhs 1-5 years
    Capital First Up to 1.5% (OTF*) 12%-18% (Fixed) Rs.15 lakhs 1-5 years
    Standard Chartered Nil 10.99%-14.49% Rs.30 lakhs 1-5 years
    HDBFS 1%-2% (OTF) 13.99%-16.99% Rs.30 lakhs 1-5 years
    TATA Capital Nil 11.99%-19.50% Rs.20 lakhs 1-6 years
    ICICI Bank 2.25% (Min. Rs.1,149) 11%-17.99% Rs.20 lakhs 1-5 years
    IndusInd Bank Upto Rs.3,000 (OTF) 11.99%-19% (Fixed) Rs.25 lakhs 1-5 years
    Oriental Bank 0.5% (OTF) 10.85%-11.85% Rs.50,000-Rs.10 lakhs 1-5 years
    HDFC Bank Up to 2.5% (OTF) 10.99%-19.8% (Fixed) Rs.25 lakhs 1-5 years
    Aditya Birla Nil 11.5% to 13.25% (Fixed) Rs.30 lakhs 1-5 years
    Fullerton 1.5% to 6% (OTF) 17.25% to 37% (Fixed) Rs.15 lakhs 1-4 years
    HDBFS Business Loan 2% (OTF) 15.95%-18.95% (Fixed) Rs.20 lakhs 1-3 years
    Kotak Mahindra Up to 2% 11.49% - 20.15%Fixed Rs.15 lakhs 1-5 years
    Allahabad Bank 1.22% (Min. Rs.1,228) 13.10% (Fixed) Rs.50,000 to Rs.7.5 lakhs 1-5 years
    Bank of India Rs.1,000 to Rs.10,000 (GST not included) 13%-14% (Fixed) Rs.10,000-Rs.5 lakhs 1-3 years
    Bank of Baroda 1% (Min. Rs.1,000) OTF 11.35%-14.35% (Fixed) Rs.20,000 to Rs.2 lakhs 4 years
    BOM 1% (Min. Rs.1,000) 12.75% (Fixed) Rs.1.5 lakhs 1-3 years
    Canara Bank Rs.1,000 to Rs.5,000 (OTF) 12.75% (Floating) Rs.3 lakhs 5 years
    Dena Bank 1% (OTF) 13%-14% (Fixed) Rs.15,000 to Rs.1 lakh 1-3 years
    Central Bank Rs.500 (OTF) 11.4% (Floating) Rs.10 lakhs 4 years
    Indian Bank Rs.508 to 0.508% (OTF) 12.65% to 13.65% (Floating) Rs.50,000 Max. 3 years
    IDBI Bank 1%+S.T. (OTF) 12.20% (Floating) Rs.50,000 to Rs.10 lakhs 1-5 years
    IOB 1.01% to 1.10% (OTF) 13.65% (Fixed) Rs.1 lakhs to Rs.15 lakhs 1-5 years
    South Indian Bank 0.50% (OTF) 13% (Fixed) Rs.3 lakhs 1-4 years
    Karur Vysya 0.4% (OTF) 13.35% to 15.85% Rs.1 crore Max. 1-3 years
    SBI 1% (OTF) 12.90% to 14.90% Rs.24,000 to Rs.15 lakhs 5 years
    Vijaya Bank Nil 13.50% (Fixed) Rs.10 lakhs 1-5 years
    Tamilnad Mercantile 1% (OTF) 14.30% to 16.30% (Floating) Rs.2 lakhs Max. 1-5 years
    Union Bank 0.5% (Min. Rs.500) OTF 14.4% (Floating) Rs.5 lakhs Max. 1-5 years
    UCO Bank 1% (Min. Rs.750) OTF 11.35% to 11.60% (Fixed) Rs.10 lakhs 5 years
    Yes Bank Up to 2% (OTF) 14% (Fixed) Rs.20 lakhs 1-5 years

    *OTF – One Time Fee

    Salary Requirements to avail Personal Loans in Jamshedpur

    There are a few factors that a banking institution has to consider when they receive a loan application. One criteria that they look for is your capability to repay the loan amount that you have borrowed. The salary requirements needed to repay a loan amount has been listed below:

    • The age of the applicant should be anywhere between 21 years and 60 years.
    • The applicant should have resided in Ranchi for a minimum of 1 year.
    • A salaried individual should have a minimum monthly income of Rs.15,000. This minimum requirement will vary from one bank to another.
    • Applicants will be required to submit a couple of documents like bank statements, address proof, identity proof, etc.
    • The applicant should is required to have a minimum work experience of 2 years.

    Jamshedpur Personal Loan FAQs

    1. Are there any additional charges that are associated with a personal loan?
    2. Yes, there are additional charges. Most banks charge from 2% to 2.5% of the total amount that you wish to borrow. The fee is deducted from the amount that has to be disbursed to you.

    3. How long will the bank take to approve my application for a personal loan?
    4. The time taken to approve and sanction a personal loan will vary from bank to bank. While some banks approve loan applications within 48 hours, there are some banks that take at least a week. Usually a loan application is approved between two and seven working days.

    5. How do I repay my personal loan?
    6. The repayment of a personal loan can be done in the form of Equated Monthly Instalments (EMIs) via post-dated cheques in favour of the bank from which you have availed the loan. You could even link your debit account to your loan if you have taken a loan from a bank where you have a savings bank account. The amount that you need to pay as EMI will automatically get deducted from your savings account.

    7. Can I get the balance transfer facility in my personal loan?
    8. It depends on the bank. There are some banks that offer the balance transfer facility if the customer has made at least 12 EMI payments. You can check with your bank before you apply for the loan.

    9. Can I receive Tax Benefits on my personal loan?
    10. Unless the personal loan is used for a home renovation project, tax benefits Tax benefits are not associated with personal loans. You can, however, avail tax benefits under Section 24 of the Income Tax Act on the interest that is paid on the loan but not on the principal amount that is paid.

    Jamshedpur Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had requested fro a personal loan with Hdfc.The loan amount is 2.5 lakhs.Rate of interest is 14.7% high as co compared to others.I did not get any communication regarding the status of the application hence i am not satisfied with the service.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Nov 11, 2017
    • HDFC Bank Personal Loan
      "Wonderful"
      0.5 5.0/5 "Blown Away!"
      I am having the personal loan with the HDFC bank and the interest rate is around 8.5% and the loan amount got disbursed within two days of time. I would like to say that the response is very fast.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Nov 04, 2017
    • Axis Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I been a customer for six years at Axis Bank and I been approaching the bank for the last three months for a personal loan. The bank has not been flexible in providing me the loan and I have to approach the other banks for the same. It has not been a good experience.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar is good and the experience is fine. There has been no hassles in the process as they were on time to contact me and process my details to the bank. The website is also good and easy to understand. But it would be better if the details of the bank matches the information on the site.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 16, 2017
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      It was a good experience with ICICI Bank for the personal loan. The customer services are good and the response is also good. There has been no hassles in the document collection. The only drawback is the loan amount. I was initially offered 3.5 Lakhs and the bank wanted to offer only 1.5 lakhs. Then I refused the loan and the bank finally disbursed two lakhs.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Best"
      0.5 4.0/5 "Great!"
      Bankbazaar.com have really worked in great way and the response too. I would like to say that the customer service is also good one with the Bankbazaar.com and the customer service aspects are also fine one with them.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 13, 2017
    • Fullerton Personal Loan
      "Satisfied"
      0.5 3.5/5 "Pretty good"
      I have got the personal loan with the Fullerton for the interest rate as 33%. I would like to say that the customer service was good one for me and the loan amount got disbrused within a week of time.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Easy access through online"
      0.5 5.0/5 "Blown Away!"
      Came through Bank Bazaar in Google where found information of all different banks instead of going to their premises being as a waste of time .Easy accessible .Suggested to my colleagues.Overall excellent. the credit score can be checked and maintained well .
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Sep 16, 2017
    • ICICI Bank Personal Loan
      "Not bad"
      0.5 3.0/5 "Satisfactory"
      I have stopped using ICICI banking services because their services are bad and even worse they have charged more processing fee with out any intimation .At first they told nothing will be deducted regarding the transaction but later they have charged every month without reason.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Sep 16, 2017
    • SBI Personal Loan
      "Be Helpful"
      0.5 3.0/5 "Satisfactory"
      Once I made an inquiry with SBI for the personal loan. Actually I am a long term customer of SBI, I hold salary account with them for 6 years. So I approached the same bank for the loan, but they asked me three questions and they said that they are unable to provide the loan. So I am not happy with SBI.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jul 13, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      HDFC bank quoted 10.99% of interest rate for the personal loan with the processing fee of .99%. WHen I checked for the loan with ICICI bank where they quoted 17.99%. So my personal loan is almost done with HDFC bank. I am completely happy with the service rendered by HDFC.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jul 13, 2017
    • Bank Bazaar Personal Loan
      "Good Process"
      0.5 4.5/5 "Excellent!"
      Bankbazaar website is too easy to handle and there are no issues with them till date. I visited bankbazaar website and applied for the loan. Bankbazaar provided a good response and they forwarded my loan application to the bank without any delay in order to start off with the process.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jul 13, 2017
    • ICICI Bank Personal Loan
      "Average Response"
      0.5 4.5/5 "Excellent!"
      ICICI bank quoted 17.99 % to 18.99% for the personal loan when I applied. I had a call once from ICICI bank and they informed me about the interest rate after that no body from the bank reached out for document collection. There was no response from ICICI bank, meantime HDFC offered the loan with good interest rate so I just switched over.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jul 13, 2017
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      The response was good with HDFC bank personal loan. The loan process was good with HDFC bank. They took around 24 hours to disburse my personal loan. The rate of interest is nominal with HDFC bank. I am very much happy with the loan amount. I am satisfied with the HDFC banking service.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jun 22, 2017
    • Bank Bazaar Personal Loan
      "Very Good service"
      0.5 5.0/5 "Blown Away!"
      I know about bank bazaar through television advertisements. I am with bank bazaar for past 2 years. I have applied personal loan through bank bazaar web portal, which is easy to use and customer friendly. The customer service and the other service is really good with bank bazaar .
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 4.0/5 "Great!"
      I haven't got personal loan with ICICI bank because of some my personal reasons. The customer service and their response was good with ICICI bank. The rate of interest is high when compared with others. The ICICI bank gave good service in concern to my personal loan application.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Jun 22, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I know bank bazaar for past 2 to 3 months, I have applied personal loan with the bank bazaar web site, which is easy to use and customer friendly. It would be great if bankbazaar response quick and fast. But the customer service with bankbazaar gave me the prompt response. Overall, I am satisfied with the service.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on May 25, 2017
    • ICICI Bank Personal Loan
      "Need improvement"
      0.5 4.0/5 "Great!"
      The ICICI executives did not gave a response in concern to my personal loan application. The rate of interest is nominal which they have offered for my personal loan, It would be great If ICICI gives prompt response to their customers. Overall ICICI should improve their process.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Good "
      0.5 3.0/5 "Satisfactory"
      I already got the personal loan with the HDFC bank and the rate of interest was around 11.99% and the processing charges were around 1500 Rupees, also it was not up to the percentage calculation. Within a week of time, I got the loan amount to be get credited to my account.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on May 23, 2017
    • Bank Bazaar Personal Loan
      "Great"
      0.5 5.0/5 "Blown Away!"
      I am really happy with the Bankbazaar.com and I got the call from them immediately, also they have made me to connect with the bankers. Customer service is fine one with the Bankbazaar.com and they have done their job in a pretty good way....
      Was this review helpful? 0
      , jamshedpur
      Reviewed on May 23, 2017
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