Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    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
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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 Ad Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% 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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% 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
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    Documents
    Perks
    Think about
    Fees & Charges
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    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
    Documents
    Perks
    Think about
    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
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
     Loading your search... Loading your search...
  • New Delhi Personal Loan is Rated as "Great!" by 6298 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 19 Oct 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

    • HDFC Bank Personal Loan
      "Can do better"
      0.5 1.0/5 "Really Bad"
      The reason why had marked HDFC Bank down was because the rate of interest was too high 14% and processing fee charged was rs 500 in addition to that they had charged around 2200. HDFC Bank charges 3% on the remaining amount as foreclosure charge for which I ended up paying 79k as an interest amount.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "First experience was good one"
      0.5 5.0/5 "Blown Away!"
      This was the first time I approached Bankbazaar for a Personal Loan, and to my surprise the whole idea was fantastic. I got various option for my Loan, and even had the option to choose the best suited Bank for my Financial backing up. This website shows all the different Banks availability for an application and also their other Terms & Conditions.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Positive experience with few lapses"
      0.5 4.0/5 "Great!"
      The process of applying loan was short, I got the approval pretty soon. Only thing lingering between me and Bank was that the amount that I asked was far less than what I actually received. I have been trying to figure out the procedure to change the date of payment for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Good. Can do better"
      0.5 2.0/5 "Expected more"
      The response was on time from Bankbazaar. After I registered my details, the team contacted me and informed the details and processed the same to the banks. It would be better if the team checks with the bank if the customer is eligible for the loan and then process the same for no last minute disappointment.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      HDFC Bank has not processed my personal loan because of the bank norms. Though I have a good credit score. The bank still denies the loan and it has not been a good experience. I would not recommend the bank. They are not flexible to the customers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory services"
      0.5 3.0/5 "Satisfactory"
      Overall it was good at Bankbazaar as I received a immediate response. But it would be better if the details of the customer is not shared with other banks without the consent of the customer and there could be clear updates about the missed calls to the customers. Else the website is good and supportive.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Citibank Personal Loan
      "Services not up to the mark"
      0.5 2.0/5 "Expected more"
      It was not a very good experience with Citibank for the personal loan and the transaction was cut off as they were not very clear in their communication. Through the bank was offering a decent deal on the interest rate and processing charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 17, 2017
    • Bank Bazaar Personal Loan
      "Personal Loan "
      0.5 5.0/5 "Blown Away!"
      Really appreciate the time taken to complete the process to disburse my loan. The application is fantastic, easy to operate and hassle free. I would be very happy to recommend it to my friends and family members. Thank you bank bazaar for providing us such a great platform for financial products and services.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Axis Bank Personal Loan
      "not bad"
      0.5 4.0/5 "Great!"
      I have my personal loan with AXIS bank which was taken few months back. The loan amount was 3 lakhs and the rate of interest was 18% which was very high than other banks. The EMI period was 64 months . The customer service and responses was good. I am satisfied with the loan process also.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      I had no hassles at Bankbazaar, they were supportive and there were no issues in them communicating the details to me. The website is also good and informative and the process is easy to register and understand and there were follow up calls too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      The experience at Citibank is good for the personal loan as they contacted me on time and informed the details. I did not go ahead as I changed plans. The rate of interest and processing charges was normal and in all it was a good and without any inconvenience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • SBI Personal Loan
      "Its very hard to get the loan"
      0.5 1.0/5 "Really Bad"
      Practically it's nearly impossible to get a loan with State Bank of India. Even if you have a proper document, there would be some issue with the application. I believe instead of trying to get a loan from SBI, we could easily get the same from one of the private banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • ICICI Bank Personal Loan
      "Unhappy with the services"
      0.5 1.0/5 "Really Bad"
      I am a long time customer of ICICI Bank and it has not been a good experience with the bank for the personal loan. When ever I applied for the loan the bank has not been flexible to provide me the same. My application is always declined and I am not happy about it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Bank Bazaar Personal Loan
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      The process at Bankbazaar was nice and they were quick to contact me and inform me the details. It was a nice experience with the website as well. Most of all it was a hassle free experience. Though I am happy that I got the vouchers promised, it would have been better if I got it sooner.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Citibank Personal Loan
      "Not recommendable"
      0.5 2.5/5 "Just OK"
      It was not a good experience with Citibank for the personal loan. I was not getting what I was told. I was told initially that I would get a interest rate of around 10.99% and at the disbursement I was informed that the interest rate is of 12.99% and I am not happy with that. I was not in the situation to cancel the loan too. Then there was a option of a part payment and foreclosure with a zero fee. Later I was told that the part payment can be done only after a year and I can a maximum of five EMIs. Like wise there would be a fee of 3% for the foreclosure. More than all, is I was told that I would get 12 lakhs and at the end I was given only 6.5 lakhs. Due to this I had to arrange the balance funds by taking another loan from another bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Capital First Personal Loan
      "Customer Friendly"
      0.5 4.0/5 "Great!"
      Past one year I have an experience with Capital First for the personal loan. I took the amount of Rs.1 lakh, they took some processing fee it was nominal and also they gave me part payment, preclosure option. But still my personal loan was live with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from ICICI on 2014 within 4 days they processed and approved 3 k loan for me but the rate of interest they offered was little high 17 % which was high compare to market value and I have submitted the documents directly in their branch for the loan process.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • Kotak Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The service was good from KOTAK, but they took very long for the process to complete and even the rate of interest was high which is 16.75% and they have asked for the documents like my adhar card, 6 months bank statement ,6 months salary statement and id proof and they verified my documents and proceesed the service of KOTAK was very good for my personal account.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 16, 2017
    • HDFC Bank Personal Loan
      "Fast Approval"
      0.5 4.0/5 "Great!"
      HDFC offered me a personal loan based on my salary account. The documents are collected by the executive at doorstep. The have disbursed the loan on 5 to 6 days. Rate of interest was high, the bank has charged me 18%. The preclosure and part payment option was good when it comes to HDFC.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 15, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provides the best bank options site ever seen its really awesome. It provides good bank option its really good Nice application and easy to know everything about banks. It is very easy to search and get a proper revert from the bank. Nice experience with customer service also.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 15, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.