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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 18 Lucknow Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    10.75% - 21.50% Fixed
    Up to 2.50% One time fee
    Up to Rs.40L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    11.00% - 16.75% Fixed
    Zero Processing Fee
    Up to Rs.25L
    1 - 5 Years
    Ad 100% PAPERLESS APPROVAL
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    Customer Reviews
    25.00% - 32.00% Fixed
    3.00% One time fee
    Rs.75K - Rs.5L
    1 - 4 Years
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    11.25% - 14.49% Fixed
    Up to 2.75% One time fee
    Up to Rs.20L
    1 - 6 Years
    100% PAPERLESS APPROVAL
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    18.00% - 36.00% Fixed
    2.00% - 3.00% One time fee
    Rs.1L - Rs.5L
    Up to 5 Years
    Only KYC docs required
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    11.99% - 25.00% Fixed
    3.00% - 6.00% One time fee
    Up to Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    13.00% - 30.00% Fixed
    Zero Processing Fee
    Rs.50K - Rs.2L
    Up to 4 Years
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    10.50% - 16.99% Fixed
    Up to 2.50% One time fee
    Rs.50K - Rs.25L
    1 - 5 Years
    100% PAPERLESS APPROVAL
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    Customer Reviews
    10.50% - 17.99% Fixed
    0.50% - 3.00% One time fee
    Up to Rs.30L
    1 - 5 Years
    Accelerated Approval
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    16.50% - 20.00% Fixed
    Up to 2.00%(Min ₹2,000) One time fee
    Up to Rs.15L
    1 - 5 Years
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    18.00% Fixed
    2.00% - 5.00% One time fee
    Rs.50K - Rs.7.5L
    1 - 4 Years
    100% PAPERLESS APPROVAL
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    17.00% - 26.00% Fixed
    2.00% One time fee
    Rs.2L - Rs.20L
    0.5 - 4 Years
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    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 Oct 2020

    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.

        

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    Lucknow Personal Loan Reviews

    • IndusInd Bank Personal Loan
      "User Friendly"
      0.5 4.0/5 "Great!"
      I have taken Indusind bank personal loan through online.The rate of interest and the processing was fine .This loan was taken for personal use . I have submitted the documents as well as uploaded the documents .The agent gave a clear picture about the loan process .I am satisfied with the overall service .
      Was this review helpful? 0
      , lucknow
      Reviewed on Mar 12, 2020
    • HDFC Bank
      HDFC Bank Personal Loan
      "Need to decrease the interest rate"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from HDFC Bank before 6months, the rate of interest was on higher side and the loan amount was 3.50L. I would suggest them to decrease the rates. I have opted for the tenure period of 5 Years and paying EMI of Rs.7000 and still its going on.
      Was this review helpful? 1
      , lucknow
      Reviewed on Mar 09, 2020
    • Tata capital Personal Loan
      "Good Loan Service"
      0.5 5.0/5 "Blown Away!"
      My friend advised me to take the personal loan from TATA Capital. I bought this loan for my sister's marriage and i am satisfied with the interest rate for a loan amount of Rs. 3 lakhs after deduction i have received amount of 2.92L. I have chosen the duration of 48 months.
      Was this review helpful? 0
      , lucknow
      Reviewed on Feb 24, 2020
    • Tata capital Personal Loan
      "Need to decrease interest charge"
      0.5 4.0/5 "Great!"
      I got an offer for a personal loan from TATA CAPITAL as pre approved loan which was applied through online process. But during the verification bank has denied for that application. The process was done from bank and offered low amount with tenure period of 3 years. The rate of interest of around 14% and fee was applicable. They have not intimate about pre closure option. An interest rate is high, since for an emergency need taken this loan. EMI need to pay of 4,192 rupees.
      Was this review helpful? 0
      , lucknow
      Reviewed on Feb 15, 2020
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through TATA Capital Ltd .The rate of interest and the processing fee was medium and the agent shared all the relevant details about the loan process.I am paying premium on proper time and i am really satisfied with the service based on the experience .
      Was this review helpful? 0
      , lucknow
      Reviewed on Feb 14, 2020
    • Bajaj Finserv Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan directly through bajaj finserv.This loan is still active on my account.The rate of interest and the processing fee was nominal .I am paying the premium on emi basis .Everything is good to me so far and i am really satisfied with the service.
      Was this review helpful? 0
      , lucknow
      Reviewed on Feb 12, 2020
    • HDB Financial Services Personal Loan
      "Need to reduce the charges"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan amount of HDB financial. I have taken a loan amount of 3L, the processing fee very high around Rs.10K and the interest rate are very high around 18% so I would suggest to reduce the rate of interest. There is no charges for part payment but charges are applicable of 4 to 5% for fore closure. The sales team is very good but the customer support is not up to mark.
      Was this review helpful? 5
      , lucknow
      Reviewed on Jan 25, 2020
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from HDFC bank for the amount of 1L. The rate of interest was 17%, need to decrease the interest rate. Documentation process was good, an executive has collected the documents. I received this loan within a week. Customer service was good , and I am paying EMI of 3,553 rupees and the tenure is for 3 years.
      Was this review helpful? 1
      , lucknow
      Reviewed on Jan 10, 2020
    • Tata capital Personal Loan
      "Need to reduce the interest rate"
      0.5 4.0/5 "Great!"
      TATA Capital Company is the best company for availing the personal loan. I applied the loan amount of Rs. 10 lakhs. They offered me an interest rate of 12%. Since my requirement got postponed, i told them that i will take the loan after 1 month.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jan 06, 2020
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 4.0/5 "Great!"
      I have applied for HDFC Bank personal loan through Online .I have not availed this loan since had personal work of land registration at that time hence postponed the plan.The agent gave only few information about the loan process. Even got proper response and callback from bank end .
      Was this review helpful? 1
      , lucknow
      Reviewed on Jan 04, 2020
    • Bajaj Finserv Personal Loan
      "Quick approval loan"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Bajaj finserv that was 2014. The loan amount was Rs. 1,00,000 and the rate of interest is high and i have completed the loan now. Customer service was pretty good. I have Bajaj card based on that i have preapproved loan so i no need to submit any documents.
      Was this review helpful? 2
      , lucknow
      Reviewed on Nov 27, 2019
    • Bajaj Finserv Personal Loan
      "Good Loan"
      0.5 3.0/5 "Satisfactory"
      Bajaj has offered the personal loan once I finished my Bajaj Finance. Earlier they have approved me 2 lakhs once I applied, they have sanctioned me only Rs. 1.25 lakhs and the interest rate is very high which is 20% and the processing fee was also charged around Rs. 7500. I have been paying the EMI amount of Rs. 5600 approximately. I have chosen the tenure period of 3 years.
      Was this review helpful? 1
      , lucknow
      Reviewed on Nov 26, 2019
    • Kotak Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have availed personal loan directly through Kotak Mahindra Bank.The rate of interest was very less and got the loan amount on time without any delay .I have got all the relevant details about the card process very clearly through the agent and satisfied with the service so far.
      Was this review helpful? 2
      , lucknow
      Reviewed on Nov 08, 2019
    • HDFC Bank Personal Loan
      "Not satisfied "
      0.5 2.0/5 "Expected more"
      I have not taken a personal loan with HDFC bank since there was much complication .Documents was more and the rate of interest was nominal .There was callback and follow up from bank end .Each and every details was clearly shared by the agent .I am not satisfied with their service so far.
      Was this review helpful? 3
      , lucknow
      Reviewed on Nov 08, 2019
    • 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 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? 2
      , 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
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