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    Lucknow Personal Loan

    The capital of Uttar Pradesh, Lucknow is home to several different banks that offer personal loans and other financial products at competitive terms and conditions.If you are looking for personal loans in Lucknow, you will be happy to know that interest rates start at just 10.99% and the amount you are allowed to borrow can go up to Rs.30 lakh. With minimal documentation, very low processing fees and quick disbursals, getting a loan.
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    We found 33 Lucknow Personal Loan
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    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.75% - 18.00% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
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    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    20% - 22%  Fixed
    2.50%
    2L Max
    1-3 Years
    Response Time : Within 30 minutes
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    Response Time : Within 30 minutes
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    11.25% - 21.50% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    11.25% - 19.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
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    11.25% - 22.00% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    Lucknow Personal Loan is Rated as "Great!" by 452 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Lucknow the capital city of Uttar Pradesh is a historic city in the heart of North India, which has held its traditional importance till date. The city was home to Nawab rulers who brought about major changes in the structure and social fabric of the city.

    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.

    Documentation needed to apply for an Lucknow 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

    Lucknow Personal Loan Interest RatesUpdated on 27 May 2019

    Lucknow 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 Lucknow

    Lucknow is a vibrant city of India, situated in the state of Uttar Pradesh. It is also the state capital. Hence, Lucknow can be said to be the most important city in one of the largest states in India. This also means the economic activities in the city guarantees a fertile environment for banks and other financial institutions in the city.

    Lucknow ranks 6th among all Indian cities in terms of job creation. The city has a number of manufacturing units, prized real estate and business hubs to merit the presence of almost all the major banks in the country. These banks provide all kinds of loans to the ever burgeoning population of the city, including personal loans.

    Personal Loan offered by various banks in Lucknow

    There are a number of banks and NBFCs offering personal loans to customers who live in Lucknow city. In addition to providing personal credit, these banks also offer a number of different banking facilities like investment advice, net banking, asset management, and other forms of commercial lending. Listed below are a few of the prominent banks that provide personal loans and operate out of Lucknow:

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

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

    There are a couple of factors that we need to consider when applying for a personal loan with a bank or NBFC in Lucknow. You will have to make sure that you application for a loan is drafted in such a way that it should help you get a good interest rate from the lender. The interest rate ranges from lender to lender and is completely dependent on them when you’re applying for the loan. Though personal loans are easy to apply for in Lucknow, it should be noted that the lender has the last say on whether they should accept or reject the loan application. This is why it is very important that you do what is needed to make sure that you loan application is as appealing as it should be. A good credit score can also increase your chances of having a loan sanctioned. A credit score of 750 and above is considered to be a good score in the eyes of the lender as this score shows the lender your potential of paying back the loan. The interest rate offered by the lender is drastically affected by you credit score. The interest rate offered by the lender is directly proportional to the credit score which means that a high credit score can fetch you a lower interest rate and vice versa. This is why it is really important that you maintain a good credit score no matter what.

    Another thing to keep in mind when applying for a personal loan is to make sure that you assess your finances to avoid applying for a loan amount that either meets your financial needs or falls short of it. If you end up borrowing an amount that you will not require, you will end up paying a larger amount of money to the lender as interest. Similarly, if you end up borrowing a lower amount, you might fall short of funds and you may end up taking out another loan to meet your needs and requirements. Therefore, it is important that you do your research, find the bank that offers the best interest rate, and then apply for loan amount that would be an adequate amount to fulfil your needs and requirements.

    Personal Loan Interest rates in Lucknow 2018

    Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
    ICICI Bank 11.59% - 18.49% (Fixed) 2.25% (min. Rs.1149) One time fee Rs.20 lakh (Max) 1-5 Years
    CitiBank 10.99% - 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 Lucknow

    When a bank or NBFC receives an application that was sent in by an individual who’s looking for a personal loan, there are a few requirements that the borrower would have to meet before the lender can sanction the loan. One of these factors is the individual’s salary. The bank or NBFC should be quite certain that the individual is capable of repaying the loan amount. Some of the requirements that the borrower has to meet have been listed below:

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

    Lucknow Personal Loan FAQs

    1. How can I apply for a higher amount for my personal loan?
    2. You can raise your personal loan amount by clearing all your credit card bills and by selecting a longer loan period for up to 5 years.

    3. I am a self-employed applicant. Could you let me know about the documents that I need to submit?
    4. You will have to give your Income Tax returns with the calculation of your income for the most recent 3 years. You will also need to submit your balance sheet and profit and loss account that is CA certified or audited.

    5. Does BankBazaar have paperless options for personal loans in Lucknow?
    6. Yes, BankBazaar has collaborated with certain banks to provide you with convenient paperless options. Some of the institutions that offer paperless transactions include ICICI Bank, HDBFS, HDFC Bank, Fullerton, Oriental Bank, and more.

    7. Will I need to pay the processing fee more than once?
    8. This depends on the bank that you approach. Most banks charge a one-time fee for the processing fees.

    9. Will I have to make arrangements for a guarantor while applying for a personal loan?
    10. No, you do not require a guarantor for a personal loan application.

        

    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.

    Lucknow Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of Bank Bazaar for the last four months and i came to know about the services through Internet. Their mobile application has been convenient in using and it was very much user friendly. Their customer support team had also been nice where they had done some follow ups.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 09, 2019
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      The process in getting my Personal loan from HDFC Bank has been pretty much smooth and the loan was disbursed on the promised time. The loan amount has been fine but the interest rate with them has been quite high when compared with the other banks. The processing charges which they had made also has been high.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 09, 2019
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am a employee of Bajaj Finserv and got flexible interest rate. The customer service is good but still they need scope of improvement. There was no processing fee for myself. The loan duration is 5 years and have completed almost a year. Overall good
      Was this review helpful? 1
      , lucknow
      Reviewed on May 04, 2019
    • Bank Bazaar Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have approached Bank Bazaar for the personal loan. They made my job easier, I just placed an online request. They took more initiative throughout the process and got a proper followups. Even the portal is simple to access and overall its been good!
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 29, 2019
    • HDFC Bank Personal Loan
      "Happy service"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan from HDFC BANK through online channel. The interest rate is 12% after negotiation, Overall it was good and they were very co operative. They have charged me 1% processing fee. The process was very quick and disbursed the loan after 3 to 4 days. The documents are uploaded online and it was easy to process the loan. the loan duration is 4 years, the foreclosure can be done any time.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 29, 2019
    • Bank Bazaar Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had been using Bank Bazaar services for almost six months where i came to know about the services of them through the Internet. I usually use their web portal which i find as very much convenient. Their customer support team had been really responsive during the process of getting my personal loan through them.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 26, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a Personal loan from HDFC Bank a while back and the process in getting the loan has been quite easy. It did not took much time and they had disbursed the loan within the promised time. The interest rate and charges with them had been nominal and overall i am happy with the experience.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 26, 2019
    • IndusInd Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The experience i had with INDUSIND BANK while i had taken a Personal loan from them has not that been great. The process in getting the loan was fine but the interest rate with them has been high when compared with the market rate. The charges which they had made as processing fee has also been quite high.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 25, 2019
    • Axis Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I had taken a Personal loan from AXIS BANK a while back and the experience has been quite good. The overall process did not took much time and the loan amount disbursed was as expected. The interest rate and processing fee with the loan has been quite nominal when compared with the other banks.
      Was this review helpful? 3
      , lucknow
      Reviewed on Apr 25, 2019
    • ICICI Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I took my personal loan from the ICICI BANK . The Application easy and hassle free. I applied it online , the application process and the documentation was done digitally which was much more convenient. Their interest rate was also nominal With in few days . Overall it was a good experience.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 22, 2019
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The customer service was up to the mark and and my application processed on time. Through online i came to know about bank bazaar services . I would definitely stick with bank bazaar financial deal in future too. Customer service is very helpful and i am happy with that .
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 22, 2019
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with HDFC BANK , the rate of interest is 17.75 % which is very high compare to others . The processing fee is nominal . The tenure period is 5 year . Loan amount is 300000 really satisfactory and so far it is good . Overall it is good .
      Was this review helpful? 1
      , lucknow
      Reviewed on Apr 22, 2019
    • Bank Bazaar Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I came to know about Bank bazaar through online. I found there was delay in the service which needs to be improved. They need to give appropriate information . I would suggest them to connect with the banks who could offer lesser interest rates.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 16, 2019
    • HDFC Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied for personal Hdfc bank there was a delay in getting the loan it took about 15 days to get the loan.The amount was sufficient and documents submission no issues faced .The agent clearly explained the process, rate of interest and the processing fee was high .
      Was this review helpful? 1
      , lucknow
      Reviewed on Apr 16, 2019
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I know bank bazaar approximately for three years past and their customer service is good and response properly, I know the bank bazaar through TV add then I have been using website Its easy to access and I got one credit card through bank bazaar, I am happy with BankBazaar and its service.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 13, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I was not not satisfied with HDFC bank personal loan ,because when I want 5L and they provided only 1L and without any reasons my application was reject and their customer service is not good so I didn't take loan with HDFC bank.I was not happy that loan so I did not take.
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 13, 2019
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      Their overall service is also very good. I happy with bank bazaar I came to know about bank bazaar service through website add I have been using website it is easy to access I had been using bank bazaar service from past three month approximately first time I visit bank bazaar
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 09, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken personal loan with HDFC bank I want 5.50L but I got 4.50L and my tenure is 5 years and rate of interest is nominal , and their customer service is good and response is also good , and I am satisfied with this bank and their service is very good ,
      Was this review helpful? 1
      , lucknow
      Reviewed on Apr 09, 2019
    • Bank Bazaar Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I know bank bazaar last one years above through website and mobile application both I have and both I have been using its easy to access, and their customer service is good but its not faster process its my opinion and rest of thing is very good ,
      Was this review helpful? 0
      , lucknow
      Reviewed on Apr 08, 2019
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 0.5/5 "Unacceptable"
      I did't want HDFC bank personal loan because loan amount was not sufficient and not explain anything what type document require and rate of interest was nominal and processing fee also nominal ,customer service is not good and response not properly ,
      Was this review helpful? 4
      , lucknow
      Reviewed on Apr 08, 2019
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