Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 New Delhi Personal Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    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 Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% 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
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  • New Delhi Personal Loan Reviews

    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The best part I have seen in bankbazaar is, when I applied for the loan, they promptly contacted me and inquired what is my requirement and other details. Responses and the services are really good. But one thing I would like to say is, after submitting the application to the bank. Bankbazaar should take some more efforts to check with the customer whether there is any delay from their side.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 17, 2017
    • Bank Bazaar Customer Support
      "Bank Bazaar is userfriendly"
      0.5 4.0/5 "Great!"
      Response of Bank Bazaar is good, I could easily compare and find the best, What I need exactly. Their Representative also very sportive and suggest the best solution to the customer. Overall service of Bank Bazaar is really good and helpful.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • HDFC Bank Personal Loan
      "Interest rate should be reduce"
      0.5 3.0/5 "Satisfactory"
      I didn't avail HDFC personal loan, because my requirement was fulfilled hence is no need to take it. But HDFC is very supportive they ready to sanction the required amount but I denied, service wise is also good, they have called and gave me list of documents for the personal loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Good Response"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar provided a good service when I applied for the personal loan. Their website is easy to approach and it has good facilities in selecting the appropriate bank for the loan. I had received good customer service and response from bankbazaar.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "High Interest Rate"
      0.5 1.0/5 "Really Bad"
      Citi bank quoted a very high interest rate for the personal loan. I asked the bank to reduce the rate of interest but the bank was not ready and did not convince to reduce the interest rate. Hence I did not take the loan and I had cancelled the application. Response was good at the time when I applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • HDFC Bank Personal Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      I am a very happy customer of HDFC, they had taken only two to three days to process my loan application. Their executive also very supportive they came and collected the documents and they had completed the process in a good manner. I took the loan of Rs. 1.50 lakh for the tenure of two years with 11% of interest, HDFC charged me Rs.500 as a processing fee from the disbursement amount.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Userfriendly website"
      0.5 4.0/5 "Great!"
      Bank Bazaar gave me a good follow up and kept updated me about the personal loan application status through mail, message and phone calls. The website is also good to check various interest rate and different bank offers in the market. I will recommend Bank Bazaar for all financial seekers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Citibank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      HDFC gave me 11% of interest but Citi was offering 12.49% of interest for the personal loan, I asked CITI to reduce the rate of interest but they denied to reversed as per their norms. Therefore I gone with HDFC, but CITI service is good they have called and explained about the process on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 12, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar services are very good. They are providing a good service to the people. I never faced any issues with bankbazaar for the loan requirement. They forwarded my application to the bank and they are good in followups and updates. Their website is user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Good response"
      0.5 4.0/5 "Great!"
      Actually I was planning to get the persona loan for my marriage but my parents managed it so I just dropped the plan in taking the personal loan. Kotak bank is good in response and they responded well when I approached them for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 11, 2017
    • Standard Chartered Bank Personal Loan
      "Quick and fast process"
      0.5 5.0/5 "Blown Away!"
      On the SCB portal, I had applied for the personal loan, I got a call in next 1 hour and they were ready to offer the loan for higher interest rate but I made negotiation with Interest rate they were OK with deal . The next moment the executive came and collected the documents and the loan got disbursed on the third day. It just took 3 days of of time. The required loan amount has been disbursed and I am happy about it. The rate of interest is low when compared with others. In a nutshell, I am completely satisfied with their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 11, 2017
    • Bank Bazaar Customer Support
      "Can do better"
      0.5 2.5/5 "Just OK"
      I am Aware of bank bazaar through Google web search, I am with bank bazaar for past 6 months. I have applied personal loan through bank bazaar web site as well bankbazaar mobile application. The description is really good with bank bazaar web site. It gives clear information about the product. When I fill the application it asks for the required information. It would be great if the bank bazaar avoid calling the customers unnecessarily. The essential calls can be done at the appropriate time. The customer service is really good they are well trained and strong in the communication understands the customer very well. It would be great if bankbazaar provides the best deal to the customer,also it should negoitiate with the bank further and should fix a standard rate if the amount exceeds a fixed ceiling.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 11, 2017
    • Citibank Personal Loan
      "Need to be quick in response"
      0.5 2.0/5 "Expected more"
      Citibank is really good bank in banking service. In concern to my personal loan, Initially they gave a call and told my application is under process, then after that they haven't given any kind of response after 8 days, they asked me to submit the documents and within the 8 days of time I got the loan from another bank. The rate of interest is nominal with Citibank, Citi has the lowest interest rate with respect to the personal loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 11, 2017
    • Kotak Personal Loan
      "Charges should be flexible"
      0.5 5.0/5 "Blown Away!"
      I have salary account with Kotak Mahindra, and I took my first loan with Kotak Mahindra. Their customer service is good and over taken by ING VYSYA service. Being an existing customer of bank they gives always better offer in the market. They provided preclosure option after a year however there will charges applicable.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • IndusInd Bank Personal Loan
      "Its Good one"
      0.5 4.0/5 "Great!"
      As of now Indusind providing good service and good interest rate on the loan products. Earlier I took the loan amount of 2 lakhs and again I done top of 1.5 lakhs both interest rate was almost same. Processing fee was higher side that has to be reduced. Other than that everything is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • ICICI Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Earlier I had ICICI personal loan, it was around Rs. 3 lakhs, time to time they call and gave me information about loan process. When my lot closed, they immediately provided NOC . But at the time I am not aware of interest rate but I am fine with that . ICICI gave me satisfactory service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • Bank Bazaar Customer Support
      "Easy to Navigate"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is pretty responsiveble, when I posted the request for the personal loan. Bank Bazaar executives called and gave me so many options on loan products. But I have selected CITI bank, Bank Bazaar helped me to connect without the bank without any hassle. The website is easy and good to compare the various interest rate.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • Citibank Personal Loan
      "Customer's friendly"
      0.5 5.0/5 "Blown Away!"
      It was good experience with CITI Bank, they have taken just three days to the disburse the loan amount. I took the amount of Rs. 7.5 lakhs this was for a tenure period of four years, CITI offered 10.99% for the whole tenure, Processing fee was the least in the market.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • Bank Bazaar Customer Support
      "Its Good"
      0.5 3.0/5 "Satisfactory"
      Its a kind of single portal Where I can apply and where I check all the options of loan products which is available in the market, but I am not interacted much with Bank Bazaar team, when I applied for the personal loan. But I am fine with their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • Standard Chartered Bank Personal Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Standard Chartered personal loan process was smooth but they have taken some time to the disbursed the amount. I took the loan amount of Rs. 5 lakhs with the nominal interest rate as per the market and with zero processing fee. But I can't close the loan immediately.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
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    New Delhi Personal Loan is Rated as "Great!" by 5857 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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 24 Jul 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.

    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
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