Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 New Delhi 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% - 20.70% 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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    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
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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
    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
    11.00% - 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 Paperless approval available
    What you'll love
    Documents
    Perks
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  • New Delhi Personal Loan is Rated as "Great!" by 6650 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    New Delhi Personal Loan

    New Delhi is the capital of India and seat of the executive, legislative, and judiciary branches of the Government of India. It is also the centre of the Government of the National Capital Territory of Delhi.Delhi metropolitan region is the world's second most populous city and the largest city in India and also one of the largest in the world in terms of area. After Mumbai it is also the wealthiest city in India, and has the 2nd highest GDP of any city in South, West or Central Asia.

    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 New Delhi Personal Loan if you are

    01
    02
    03
    04
    New Delhi Personal Loan Minimum Age

    At least 21 years old

    New Delhi Personal Loan Maximum Age

    Less than 65 years old

    New Delhi Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    New Delhi Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your New Delhi Personal Loan amount eligibility is based on these factors

    01
    02
    03
    New Delhi Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    New Delhi Personal Loan Maximum Loan Funded

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

    New Delhi Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible New Delhi Personal Loan amount by these steps

    01
    02
    New Delhi Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “New

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an New Delhi 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

    New Delhi Personal Loan Interest RatesUpdated on 11 Dec 2017

    New Delhi 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 New Delhi

    For those looking for an extra boost, financially speaking, either to renovate their house, pay for emergency medical bills, buy a gadget that they desire or fund a holiday, there is the option of personal loans. Top banks and NBFCs (Non-Banking Financial Company) across the country offer personal loans that are unsecured - meaning that there is no requirement for collateral. Customers wishing to avail personal loans can start by visiting the financial portal - BankBazaar. On the BankBazaar website, customers can compare the interest rates offered by its partner banks and decide on a loan from a particular bank that suits their current financial situation.

    Apply for Personal Loan

    Personal Loan offered by various banks in New Delhi

    Some of the leading banks and NBFCs offering personal loans at the best interest rates are listed below:

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

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

    A lot of customers fail to do their research when availing a loan and leave it to their banks to make the decisions and bring forward the estimations. The problem with this approach is that getting the best interest rate for the loan becomes almost far-fetched. Looking into all aspects of a personal loan before availing it is absolutely necessary. If you wish to avail a loan at the lowest interest, here are a few key areas you will have to look into:

    Credit score - Making sure that your credit score is above par will result in you availing a loan at a fairly good interest rate. The better your CIBIL score the lower the interest rate added to the loan and vice versa.

    Down payment - Making a down payment upward of 20% of the loan amount will result in you availing a loan at a better interest rate. The bigger the down payment, the better the interest rate.

    Debt-to-income ratio - Always ensure that your EMIs, credit bills and so on, do not cross 40% of your annual or monthly income. Having a good debt-to-income ratio will boost your chances of availing a loan with a good interest rate.

    Loan shop - Financial portals such as BankBazaar are of great help when loan shopping. On the BankBazaar website, individuals can compare loan interest rates offered by its partner banks and can narrow down on a loan with the best interest rate relative to the tenure - one that suits their budget.

    Your employment and experience - This is one factor banks and NBFCs take into consideration when approving or rejecting a loan application. If you’ve had a stable income and work for a reputed company, it’s likely that you could very well negotiate on a decent interest rate.

    Make sure that you negotiate - Negotiating the interest rate on your loan is absolutely necessary. Most people just go ahead with the numbers set by banks and NBFCs, but making a negotiation will help you in the long run.

    Tenure - Choosing your tenure directly reflects on the interest rate added to the loan amount. Choosing a shorted tenure will result in you having a much less interest rate.

    Personal Loan Interest Rates in New Delhi 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 New Delhi

    Every bank and NBFC have a certain salary requirement which customers have to meet to get a loan approval. Apart from looking at factors such as interest rate, processing fees, prepayment and so, make sure your cross check with the bank’s minimum salary requirement for a particular loan. As already mentioned, the salary requirement varies from bank to bank.

    For salaried individuals - Depending on which bank you are availing the loan from, generally the minimum salary requirement ranges roughly between Rs.7,500 and Rs.50,000.

    Self Employed individuals - Self-employed individuals should provide proof of income of the last two financial years. Generally, the income requirement to avail a loan is between Rs.1 lakh and Rs.2 lakh (profit).

    New Delhi Personal Loan FAQs

    1. Does my CIBIL score affect the interest rate on my loan?

      Yes, your CIBIL score directly reflects on the interest rate the bank or NBFC offers you on your personal loan. The higher your credit score, the lower will be the interest rate and vice versa.

    2. Can I transfer my loan amount to another lender? What’s the process?

      A balance transfer is possible. In this case, the present lender will clear the dues and transfer the amount to a new loan with the interest as well.

    3. Is a complete foreclosure of a loan possible?

      Some banks allow it whereas other banks only allow a partial foreclosure of loans. In most cases, banks charge between 1% to 2% of the outstanding amount as foreclosure charges.

    4. What happens when all the loan dues have been cleared?

      Once the loan amount has been cleared completely, the bank will issue a No Due Certificate.

    5. Does failing to pay my EMIs affect my CIBIL score?

      Yes, failing to repay your loan on time directly reflects on your credit score.


    Check For Latest: Gold Rate in Delhi Or Silver Rate in Delhi

    New Delhi Personal Loan Reviews

    • Axis Bank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Axis bank and it was a good loan experience. The loan amount was for Rs 2 lakhs with the rate of interest of 12% which is nominal when compared to all other banks. The tenure of the loan is 5 years. The process was very quick, it took 10 minutes for the loan amount to get approved. Customer service was good and they followed up correctly.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 09, 2017
    • Bank Bazaar Personal Loan
      " Good financial advisor"
      0.5 4.0/5 "Great!"
      Bank bazaar is very fast and prompt in responding queries,they had immediately contacted me for the personal loan request.I had been using the website for last six months.The options on the website is easy to understand the options and navigate.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard Chartered Bank.The loan amount is 4 lakhs,rate of interest is nominal 11.99% compared to others banks.They have deducted processing fees of 20,000.The total tenure is for 48 months.Net banking is convenient use.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank for one year. They offered 1,28,000 rupees. EMI they charge 11,493 rupees for every month. The interest rate was low and the services are good. The customer service and response was average, they need to improve the service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a good website for the customer to get prompt information pertaining to any type of loan,insurance and credit card.I have taken a person loan through bank bazaar.The website is easy to navigate.I am happy user of bank bazaar.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Standard Chartered Bank.The loan amount is 4.35 lakhs,rate of interest is low as compared to other banks.I submitted documents,the executives sounded very informative.I have no processing to take this loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The bankbazaar gives quick response to all the customers. I have used the bank bazaar mobile application , which is easy to use and user friendly. The customer support gives prompt response. I know bank bazaar for more than a year. I would say it is an excellent service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The Tata capital was promised me that they will disburse the loan amount of Rs,4,80,000 but they have disbursed only Rs,4,00,000. The customer support need to be improved with TATA capital and their promises need to be fulfilled by TATA CAPITAL.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Good Platform"
      0.5 5.0/5 "Blown Away!"
      I am very much happy with the service provided by bank bazaar. The moment I applied for a personal loan, it was an instant response so I liked it so much. The website was easy to access and user friendly. I came to know about the website through google search for a first time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Citibank Personal Loan
      "Great Experience"
      0.5 5.0/5 "Blown Away!"
      I like the CITI BANK service. They called me on time, everything was good. The response was fast. The rate of interest was not high compared to other banks. The disbursement was on time. The documents are collected at doorstep. The part payment and pre closure options are average.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 08, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good experience with bankbazaar so far, they provide very good services when compared to all other banking websites. I know bankbazaar.com from last 6 months. Customer service was good and their response was prompt. I am using both mobile application and website, it is easy to access and is user friendly.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 07, 2017
    • Kotak Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a good personal loan experience with Kotak Mahindra Bank, i am happy with the services which they provided me. Customer service was good and they responded on time, they provided door step service to collect the documents. The process was very smooth, it took 10 days for the loan amount to get approved. There is a penalty of 5% on pre closure and part payment. The rate of interest of 14.29 is high when compared to other banks.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      It was convenient to get the personal loan process done with bank bazaar team. I know bank bazaar for more than year, The customer support is prompt with the bank bazaar team . I use the bank bazaar website which is easy to use and user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 07, 2017
    • Kotak Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The Kotak mahindra bank took long time to give response and there was lack of communication among their own executives. The customer support was not up to the mark with the Kotak mahindra bank. The required loan amount has been given and I am satisfied with it. The rate of interest and the charges are average with the Kotak mahindra.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 07, 2017
    • HDFC Bank Personal Loan
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      The HDFC bank has disbursed the loan amount within 2 to 3 minutes of time. I have applied through HDFC bank portal it was an pre approval loan, because I am customer of HDFC bank. The verification was not done. The rate of interest and the charges are low when compared with others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I got to know about bank bazaar a long back but I have used it recently. The customer support is prompt with the bank bazaar. I used the bank bazaar mobile application which is easy to use and user friendly. I got the call back from bank bazaar team within a hour time after I gave my requirement in the bank bazaar website.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 07, 2017
    • ICICI Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      The Personal loan service was good with the ICICI bank and they just took a day time to disbursed my loan amount. The rate of interest and the charges are nominal with the ICICI bank. The required loan amount has been given and I am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan through bank bazaar,i have been using the website for the last one year,The service is good and they responded on time. The website is too easy to understand and navigate the options.I would like to recommend the service of bank bazaar to others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 07, 2017
    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with TATA CAPITAL.The loan amount is 1.5 lakhs.The rate of interest is nominal as compared to others.The process was quick enough and the executives shared all the details with regards to the loan.I am totally satisfied with the service of the bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 07, 2017
    • Capital First Personal Loan
      "Interest Rate is High"
      0.5 3.0/5 "Satisfactory"
      I was in need of a small amount and Capital first held up pretty well for itself and gave me the amount I required. The process for getting the Loan was pretty short and also the documentation required was also low. Their Rate of Interest is a little high compared to other Banks.
      Was this review helpful? 2
      , new delhi
      Reviewed on Dec 06, 2017
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