Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Meerut 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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    Perks
    Fees & Charges
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    Eligibility Criteria
    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
    What you'll love
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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
    What you'll love
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    Good to Know
    Eligibility Criteria
    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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    Good to Know
    Eligibility Criteria
    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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    Fees & Charges
    Good to Know
    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
    Good to Know
    Eligibility Criteria
    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
    Documents
    Perks
    Think about
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    Good to Know
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  • Meerut Personal Loan is Rated as "Great!" by 79 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    Meerut Personal Loan

    Meerut is considered to be one of the most important cities in Western Uttar Pradesh and it’s the second largest city in the National Capital Region. In fact it’s only about 70 kms from away from New Delhi, which adds to its geographical importance.It is considered to be 63rd fastest growing urban regions in the world.The infrastructure in the city today is top notch as it is well connected to Delhi, Agra and other important cities in North India

    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 Meerut Personal Loan if you are

    01
    02
    03
    04
    Meerut Personal Loan Minimum Age

    At least 21 years old

    Meerut Personal Loan Maximum Age

    Less than 65 years old

    Meerut Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Meerut Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Meerut Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Meerut Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Meerut Personal Loan Maximum Loan Funded

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

    Meerut Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Meerut Personal Loan amount by these steps

    01
    02
    Meerut Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Meerut

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Meerut 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

    Meerut Personal Loan Interest RatesUpdated on 20 Nov 2017

    Meerut 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

    Apply for Personal Loan

    Personal Loan in Meerut

    Meerut is an ancient city situated on the banks of the Indian state of Uttar Pradesh. The settlement dates back to the times of Indus Valley Civilization. It is an industrial town with a balance of new and traditional industries. The city’s proximity with the country capital, Delhi, also is a big plus for its economic welfare.

    Personal Loan offered by various Banks in Meerut

    There are a number of leading banks and NBFCs that offer personal loans to customers who are located all over Meerut. These banks provide all kinds of loans to the ever burgeoning population of the city, including personal loans.

    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 Meerut:

    • Citibank
    • Standard Chartered Bank
    • Kotak Mahindra 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 Meerut?

    Knowing the components of a loan that affect the interest rate is imperative when applying for a loan. Most people, blindly avail loans from the banks holding their salary account and leave all the calculations and assessments to be made by the bank. For first-timers, these are the areas you need to look into and improve if you wish to avail a personal loan at the lowest interest rate possible.

    Credit score - The credit score of the individual directly influences the interest rate that the bank will offer you when availing a loan. If the credit score is good (anything above 750), the interest rate offered by the bank will be low. If the credit score is below 750, the bank will place a higher interest rate on the loan.

    Down payment - Making a down payment upwards of 20% of the loan amount will result in you getting a better interest rate on the personal loan.

    Debt-to-income ratio - When a bank or NBFC makes a verification of the credit profile of the loan applicant, the debt-to-income ratio is one of the first things that is taken into consideration. Having a debt-to-income ratio less than 40% of your monthly net income is ideal when availing a loan. If it is more than 40%, the bank might reject the loan application (based on your income) or might apply a higher interest rate if the application comes through.

    Loan shop - Facilitating the use of financial portal such as BankBazaar has made loan shopping easy. Using the BankBazaar website, individuals can compare loan offers from different banks and NBFCs and choose one that suits their financial situation. In addition, customers can even make EMI calculations and check their CIBIL score on the website.

    Experience and employer - The number of years of experience you have and the company you work for affects the bank’s decision to either give you a higher or lower interest rate. Working for a reputed company will increase the bank’s trust in you making the repayment in time.

    Negotiate - One of the more important aspects when availing a loan is to negotiate with the bank executives on the interest rate of the loan you wish to take out. Making a negotiation might just get you an ideal interest rate on your loan.

    Personal Loan Interest rates in Meerut 2017

    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 Meerut

    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 Meerut for a minimum of 1 year.
    • Applicants will be required to submit a couple of documents like bank statements, address proof, identity proof, etc.

    Meerut 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. Can I use a personal loan to furnish the interiors of my house?
    4. Yes, you can use a personal loan to furnish the interiors of my house.

    5. Can I get a personal loan if I have a low credit score?
    6. If you have a low credit score, you may either get the loan at a very high rate of interest or your application may be denied as well.

    7. What is the processing fee charged on a personal loan?
    8. Lenders usually charge a processing fee ranging from 0.5% to 2.5% on the overall loan amount.

    9. What is meant by unsecured loan?
    10. Unsecured loans like personal loans are those which do not require any collateral or security to be pledged in exchange for the loan.

    Meerut Personal Loan Reviews

    • ICICI Bank Personal Loan
      "long process"
      0.5 4.0/5 "Great!"
      I had a decent relationship with ICICI over the years and which leaded me to take a Personal Loan with the Bank. The experience I had with them was just okay, the time they took to disburse the amoung was pretty long . I got a total of Rs.4 Lakhs with them and felt the Rate of Interest with them to be a little high.
      Was this review helpful? 0
      , meerut
      Reviewed on Nov 01, 2017
    • Bank Bazaar Personal Loan
      "Userfriendly website"
      0.5 4.0/5 "Great!"
      I had a good experience with Bank bazaar. The responses was so quick and Immediate . The customer service was also up the mark.. I have not faced any inconvenience so far here . Their website is user friendly and has good options on bank and interest rates to choose the best so I would like to recommend to others.
      Was this review helpful? 0
      , meerut
      Reviewed on Oct 24, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for my personal loan . The rate of interest was 13.99% was average for 4 lakhs loan amount but now there is no requirement for the loan so I have dropped the plan. I am satisfied with the customer service and responsiveness. My overall experience was excellent and its recommendable also.
      Was this review helpful? 0
      , meerut
      Reviewed on Oct 24, 2017
    • Bank Bazaar Personal Loan
      "Good website"
      0.5 5.0/5 "Blown Away!"
      I am very happy with Bank Bazaar service, through online I could check all the information about financial products and also I got very good loan assistance through their executive they are very supportive to connect with the bank. Its a good site to process the loan.
      Was this review helpful? 0
      , meerut
      Reviewed on Oct 23, 2017
    • ICICI Bank Personal Loan
      "Communication part should be improved"
      0.5 3.0/5 "Satisfactory"
      There was no response from ICICI, I have submitted all the documents to them. I didn't get confirmation before closing my application. Still now I am not aware why they have rejected the loan request. I would like to suggest they should give communication to the customer.
      Was this review helpful? 0
      , meerut
      Reviewed on Oct 23, 2017
    • ICICI Bank Personal Loan
      "Its Better"
      0.5 2.5/5 "Just OK"
      ICICI responded very well on the personal loan request, but I didn't process with them because currently I left my job, due to other commitment. I thought not to go head with ICICI right now for the personal loan. But I am fine with ICICI bank..
      Was this review helpful? 0
      , meerut
      Reviewed on Oct 04, 2017
    • Bank Bazaar Personal Loan
      "Bank baazar is so easy to got loan with go any where. "
      0.5 5.0/5 "Blown Away!"
      Bank bazar should be used by every one. If he have some emergency for balance so they can apply online . And only with in 3 days they can got balance in their acount and pay in easy instalment. So dont waste time see and apply their loan and get balance.
      Was this review helpful? 0
      , meerut
      Reviewed on Sep 29, 2017
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      When I raised a query in bank bazaar website I get immediate response for all my queries , so I would say the response is quick and fast with bank bazaar. The website of bank bazaar is easy to use and user friendly,. I am customer of bank bazaar for past 6 months.
      Was this review helpful? 0
      , meerut
      Reviewed on Aug 28, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The ICICI bank took longer than normal time while disburse my loan amount. They took around 20 days for the disbursement. The transparency was absent in the Documentation process, they took very long time for my documentation process.The ICICI bank was not sent their executives to collect my documents and I went to the nearest ICICI branch and submitted my documents. The rate of interest was nominal when compared with others.
      Was this review helpful? 0
      , meerut
      Reviewed on Aug 28, 2017
    • ICICI Bank Personal Loan
      "Good in Response"
      0.5 5.0/5 "Blown Away!"
      The interest rate is too high for the personal loan with ICICI bank,which is of 16.5% so I just cancelled my loan application. But from the bank I received very good response for the loan application. I do have multiple account with ICICI bank. All their service are good.
      Was this review helpful? 0
      , meerut
      Reviewed on May 24, 2017
    • Bank Bazaar Personal Loan
      "Supportive Service"
      0.5 4.0/5 "Great!"
      Bankbazaar provided better service on my loan application. I got enough followup calls and proper updates from them. I did not find any difficulties to navigate on their website because it was so simple and easily I submitted my application over their website. I got good service from bankbazaar.
      Was this review helpful? 0
      , meerut
      Reviewed on May 17, 2017
    • ICICI Bank Personal Loan
      "High in Interest Rate"
      0.5 3.0/5 "Satisfactory"
      ICICI bank provided a good service for my personal loan. I did not find any challenge in process wise but I am not satisfied with their rate of interest and processing fees. Interest rate is something bit high than other banks. Customer service is somewhat better.
      Was this review helpful? 0
      , meerut
      Reviewed on May 17, 2017
    • HDFC Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      I am quite happy with the HDFC service on my personal application. They took around one week of time to disburse my personal loan. The rate of interest, fees and charges are high, when compared with others. Hdfc provides very good service to its customers.
      Was this review helpful? 0
      , meerut
      Reviewed on Apr 15, 2017
    • Bank Bazaar Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      The BankBazaar web portal structure is pretty good. It provides a number of options, it provides loans as well as the choice for comparison. The presentation is quite good and it makes it user friendly. It is recommendable over all service provided by them was good.
      Was this review helpful? 0
      , meerut
      Reviewed on Apr 09, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The service provided by ICICI bank is good. They had done the disbursement of the personal loan as soon as possible. Rate of interest charged by them was 15.5% and the processing fee charged was around 4000 . Overall process followed by ICICI Bank is really good.
      Was this review helpful? 1
      , meerut
      Reviewed on Apr 09, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      The services was good from Bankbazaar and the response was prompt. They informed me the details very clearly and the also processed my information to the banks on time. The portal is also informative and very much easy to register with and use.
      Was this review helpful? 0
      , meerut
      Reviewed on Mar 22, 2017
    • ICICI Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I did not go ahead for the personal loan with ICICI bank as I got the funds from another bank. The services was good though, they contacted me and informed me the details. The rate of interest and charges was normal as well. In all a good experience.
      Was this review helpful? 0
      , meerut
      Reviewed on Mar 22, 2017
    • Bank Bazaar Personal Loan
      "Delight Service"
      0.5 5.0/5 "Blown Away!"
      I am happy with Bank Bazaar service, It gave me delight satisfactory service for my personal loan request. Without any hassle, Bank Bazaar helped to connect with the Bank. It is good responsible site for all financial products, Website is also good to check the banking details.
      Was this review helpful? 0
      , meerut
      Reviewed on Feb 14, 2017
    • ICICI Bank Personal Loan
      "Should Give Proper Response to the Customer"
      0.5 4.0/5 "Great!"
      I am very much disappointed with ICICI personal loan service. Because I applied my loan on 13th January but I received the response on 27th January. Until that there was no response from Bank end to update my application status. I approached this loan for an emergency purpose but they taken long time to update the process. ICICI offered the interest rate of 12.69% and with the processing fee of Rs.1700.
      Was this review helpful? 0
      , meerut
      Reviewed on Feb 14, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory & knowledgeable"
      0.5 4.0/5 "Great!"
      Bankbazaar does their task quickly, so much so I do not have wait long for the response on any of my queries. Even after I registered it was a immediate reply and the website has been really good as well, it is nice to come across so many banks on a single page.
      Was this review helpful? 0
      , meerut
      Reviewed on Jan 02, 2017
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