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% - 15.99% Fixed
    Up to 2%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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 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 available
    What you'll love
    Documents
    Perks
    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
    13% - 21% 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
    10.99% - 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 available
    What you'll love
    Documents
    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
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    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
    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 Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar service has gave a quick response in regards to my Personal loan application. The response part is quick and fast from bank bazaar team. I can easily find the best offers with the help of bank bazaar website. I can compare and choose the products with different banks with the help of bank bazaar. The website of bank bazaar is easy to use and user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 23, 2017
    • HDFC Bank Personal Loan
      "Very good service"
      0.5 4.0/5 "Great!"
      I can give full rating to HDFC bank because they have given full information about the product, process and about the loan status. They disbursed my loan amount within 10mins of time. It was a pre approved loan, because I got a savings account with HDFC bank so I have got the personal loan via HDFC net banking , The rate of interest is nominal with the HDFC bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 23, 2017
    • Citibank Personal Loan
      " Below Average service "
      0.5 2.0/5 "Expected more"
      Citibank is taking too much of time to process the personal loan, because of lack of time I have choose other bank. The Customer service need to be improved with Citibank. The response part has to be focused with Citibank. The rate of interest is nominal with CITIBANK.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 23, 2017
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have got the personal laon with the ICICI bank because and the interest rate was around 15.9%. I would like to say that the customer service was good one for me with them. The loan amount got disbursed within a week of time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 22, 2017
    • Vijaya Bank Personal Loan
      "Process is fantastic"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Vijaya Bank two years ago. The process was perfect and there were no hassles in getting my loan through. The interest rate was a bit high, it was around 13% and the processing charges was okay. I am happy that the process to get the loan was swift.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 22, 2017
    • Bank Bazaar Personal Loan
      "Very good services & coordinated well"
      0.5 5.0/5 "Blown Away!"
      The overall experience with Bankbazaar is good and there are no hassles. They had done a proper job in contacting me and informing me the details and process the same to the banks. The website is very user friendly and the details on it is clear and helpful.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 22, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Every thing was nice with Standard Chartered Bank and the personal loan disbursal amount was on time as well. The after loan process is also smooth and there are no processing charges. The rate of interest was of 12%. The customer services are good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 22, 2017
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with CITI bank. I am really satisfied with their rapid process and excellent customer service. My personal loan process was hassle free .They have provided door step service for the documentation collection and understood my urgency which was satisfactory. However the rate of interest was 11.25% for 5 lacks which is bit high than standard charter bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      The website of Bank bazaar was really useful and easy to navigate. The options like EMI calculator and to check credit scores was amazing and helpful. Their customer service and responses was up to the mark .My overall experience was really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 21, 2017
    • Standard Chartered Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached STANDARD CHARTER bank for my personal loan. There was no call from the bank end and they have taken too much of time for the process so I have cancelled my application and taken with CITY bank. I was looking for a quick response from them but I was disappointed .
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Nice experience"
      0.5 4.0/5 "Great!"
      The overall experience at Bankbazaar is good. But it would have been better if they were more proactive in the follow up calls. The website is nice and easy to navigate too. Bankbazaar can also take care if their partners are also responsive to their customers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 21, 2017
    • Tata capital Personal Loan
      "Not satisfied with the services"
      0.5 1.0/5 "Really Bad"
      It was not a very good experience with Tata capital for the personal loan. I had to follow up many times from my side, even for them to collect the documentation I had to follow up. The whole process took 12 days and finally when the papers was taken they told me that the application would be closed on that day and the next day I would get the disbursement. I still remember it was a Thursday and since the weekend was near, I was not sure if I would get it on Fri. I was promised would and finally I got it only on the following Monday or Tuesday.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 21, 2017
    • Bank Bazaar Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The team at Bankbazaar has done a good job and the process was good. They were on time to contact me and inform me the details and also forward the same to the bank. There were follow up calls which is also appreciated and the website is good and informative.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 20, 2017
    • Citibank Personal Loan
      "Process is quick and high ROI"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from Citibank and the process was good as I got the loan within couple of hours. The documentation was simple as well. The interest rate and processing charges could have been lesser, at least because I am a existing customer and when in comparison with other banks. I got a rate of 11.99%, there were banks offering me around 10%.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 20, 2017
    • Bank Bazaar Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      My experience with Bank bazaar was not bad. I am using their mobile application and I have not faced any run time or down time error. Their website has many good option on interest rates and banks. This is my first experience with bank bazaar. Their responses was amazing and immediate
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 20, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      I have approached HDFC bank for my personal loan. My expereince was not satisfactory as there was no call or confirmation from the bank end. They have rejected my application and I did not contact them to know the reason. They need to improve their customer service and responses.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 20, 2017
    • Bank Bazaar Personal Loan
      "Website is good & prompt response"
      0.5 5.0/5 "Blown Away!"
      There were no issues at Bankbazaar. The team was supportive and they were fast in the response. Even when I raised a complaint they worked on it and processed my request. I have used the mobile application and it works fast and it is user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 20, 2017
    • ICICI Bank Personal Loan
      "Delayed process"
      0.5 4.0/5 "Great!"
      It was not a very good experience with ICICI Bank as there was a lot of delay for the disbursement. The document collection was on time but the disbursement took almost a month. When I was told I would get the personal loan in three to four days. I also tried to reach the customer care they kept telling I would get it but nothing worked out. The interest rate and charges is normal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 20, 2017
    • Kotak Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      My experience with KOTAK was excellent because I have taken my personal loan and they have offered me the best rate of interest since I am a privilege customer to them . I have not walked in to my home branch or to the nearest bank of KOTAK ever as they are providing door step services for all the process which is really comfortable . They sanctioned the loan with committed time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 19, 2017
    • Bank Bazaar Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      The website of Bank bazaar was amazing with many good options on banks and interest rates, especially I like the Credit score option in it. Their customer service and responses was immediate and satisfactory . My overall experience was up to the mark and I would like to rate 5 out of 5 overall..
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 19, 2017
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    New Delhi Personal Loan is Rated as "Great!" by 6117 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 24 Sep 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
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