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  • Lucknow Personal Loan

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  • 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 17 Lucknow Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.75% - 21.45% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Ad 100% PAPERLESS APPROVAL
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    Fees & Charges
    Good to Know
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    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00%
    30L Max
    1-5 Years
    Ad Accelerated Approval
    What you'll love
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    Perks
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    Fees & Charges
    Good to Know
    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% + taxes One time fee
    75K - 5L
    Upto 4 years
    What you'll love
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    Fees & Charges
    Eligibility Criteria
    10.99% - 15.49% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    Good to Know
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    Customer Reviews
    18.00% - 36.00% Fixed
    2% - 3% + taxes One time fee
    1L - 5L
    Upto 5 years
    Only KYC docs required
    What you'll love
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    11.99% - 25% Fixed
    3%- 6% One time fee
    25L Max
    1-5 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    13% - 30% Fixed
    0 Zero Processing Fee
    2L Max
    0 - 4 Years
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.50% - 16.99% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
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    Customer Reviews
    11.00% - 16.75% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    100% PAPERLESS APPROVAL
    What you'll love
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    23% Fixed
    2% + Taxes
    10L Max
    1 - 2 Years
    What you'll love
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    Perks
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    Fees & Charges
    Eligibility Criteria

    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 24 Oct 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.

    A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

        

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    Lucknow Personal Loan Reviews

    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had applied personal loan with Fullerton online. I was not able to provide salary slip so they had closed my application. I get paid weekly not monthly I don't get salary slip. I had submit my documents and they called me for phone verification as well.
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 15, 2019
    • EDELWIESS
      EDELWIESS Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I applied personal loan from EDELWEISS RETAIL FINANCE LIMITED. Their field executive collected all my documents and did the verification. Verification was hassle free. I received the loan on time and loan amount is sufficient. Rate of interest is ok.
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 08, 2019
    • Fullerton Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I applied personal loan from Fullerton. Their rate of interest is very high and Processing fee is also higher than other banks. They had given sufficient loan amount though and I received the loan on time. All my papers were submitted online. It was a hassle free process.
      Was this review helpful? 0
      , lucknow
      Reviewed on Oct 08, 2019
    • Fullerton Personal Loan
      "Good "
      0.5 5.0/5 "Blown Away!"
      I did not need a personal loan at that point so have dropped the plan but the services are good from Fullerton. Actually have applied for 0.50L through online channel and the procedure is very easy. I have not enquired about the interest rate.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 29, 2019
    • Fullerton Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Fullerton personal loan through Online .I have not availed this loan since have some issues with credit score .I have got all the required information about the loan process through the agent.I have not submitted any documents ,I am completely satisfied with the service so far.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 29, 2019
    • Fullerton Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had applied for personal loan of 2 lakh but Fullerton told me that I am eligible for only 78 thousand, then I had told them to increase the amount but they told they would confirm and say but then they had closed my application and waited for their call for long time.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 28, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      HDFC Bank personal loan was been applied by me which I had told banker to close the application due to I had arranged the funds from other source but customer service of HDFC bank was good and rate of interest was also nominal as per the market.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 23, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had applied for HDFC Bank personal loan but my application was been closed due to office address not found, but my office is in front of HDFC Bank then how come its unable to find my office and I am classic customer of HDFC Bank using my saving account from past 3 years.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 21, 2019
    • ICICI Bank Personal Loan
      "Okay Loan service"
      0.5 4.0/5 "Great!"
      Taken my personal loan from ICICI 4 months before. I have selected ICICI bank because its my personal banking since i hold a salary account. I have taken the loan amount of Rs. 50000 and they have offered me a interest rate of 15% which is too high compared in the market. I have been paying the EMI of Rs. 1700 per month for the duration of 3 years.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 20, 2019
    • HDFC Bank Personal Loan
      "Service is Good"
      0.5 4.0/5 "Great!"
      Its not a particular reason and bank was offered me a good loan at that time thats the reason i went with HDFC. I had applied the loan amount of Rs. 1 lakhs and they told me that the interest rate is 16% and the processing fee was 2K to 3K. I have rejected the loan because my requirement got over.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 20, 2019
    • HDFC Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had pplied for HDFC Bank personal loan and the application was been closed but the it was hassle free service from HDFC Bank, without any update or reason they had been closed application, I had tried to contact them to know the reason but unable to connect them.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 15, 2019
    • ICICI Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      One month before only I was applied for personal loan with ICICI bank which was processed through bank directly. They have sanctioned the loan within 3 days. The loan amount given from bank for 2 lakhs which was sufficient for the tenure period of 2 years. The rate of interest was okay for 13%.
      Was this review helpful? 1
      , lucknow
      Reviewed on Sep 10, 2019
    • Tata capital Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      TATA CAPITAL has provided me a flexible rate of interest of 13.25% which is same as State Bank of India. I have asked for foreclosure charges but it was higher and they could reduce. The loan tenure is 60months. They have provided me a proper response and services.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Not happy with the interest rate and charges"
      0.5 4.0/5 "Great!"
      I had compared the loan interest rate which was offered to me by HDFC BANK with Tata Capital, it was costlier so I have not taken a personal loan. The customer service is good. There was a processing fee and the interest rate is 17%. I would suggest them to reduce the interest rate. I did not provide my documents.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Need to decrease charges"
      0.5 5.0/5 "Blown Away!"
      I was applied for a personal loan with HDFC bank on a month before which was processed through an online. I received a call on time from bank for further process. The rate of interest was high when compare to other bank. The loan amount offered for 1 lakh for the tenure period of 2 years.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 10, 2019
    • HDFC Bank Personal Loan
      "Faster Service Provider"
      0.5 4.5/5 "Excellent!"
      I took personal loan from Home credit, when I am in trouble I need money hence I approached them though the interest rate is bit higher. I availed the loan amount Rs. 50,000 for the duration of 15 months, they charged me 2.34% per month. The process was smooth to get the personal loan within one hour the amount was credited.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 07, 2019
    • HDFC Bank Personal Loan
      "Need to improve the response"
      0.5 2.0/5 "Expected more"
      From HDFC Bank I received the call to collect my papers for the personal loan process then there was no response from them so I am unable to proceed. Even there was no response from their field executive who reached me initially. I hope they are lacking in the response.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 07, 2019
    • HDFC Bank Personal Loan
      "Medium"
      0.5 4.0/5 "Great!"
      Once I had applied for a personal loan with HDFC bank through an online I received a call from bank for further verification. It was processed on 3 months before. The loan amount was sufficient for the tenure period of 3 years. From bank closed the loan process.
      Was this review helpful? 0
      , lucknow
      Reviewed on Sep 06, 2019
    • HDFC Bank Personal Loan
      "Should be more transparent"
      0.5 3.5/5 "Pretty good"
      I already taken the loan from PNB hence I closed the HDFC personal loan application, however the Hdfc bank response was pro active at the time and the rate of interest was economical in the market. But it would be great if HDFC provide the correct information about the Iinterest, documentation and other terms and condition.
      Was this review helpful? 1
      , lucknow
      Reviewed on Aug 24, 2019
    • HDFC Bank Personal Loan
      "Excellent"
      0.5 3.0/5 "Satisfactory"
      I had applied for personal loan from HDFC Bank through Bankbazaar. I had submitted my online but no one came to collect hard copy. I have closed my application probably because I was out of town. Their rate of interest was nominal customer service was also very good.
      Was this review helpful? 0
      , lucknow
      Reviewed on Aug 23, 2019
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