Multiple banks. Different interest rates. Call it a "conflict of interest".
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% - 16.99% Fixed
    Up to 0.5%
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Ad
    What you'll love
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    Perks
    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.2,000 Amazon Voucher Ad Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.99% - 12.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 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. ₹1,499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 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 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher Paperless approval available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher
    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.2,000 Amazon Voucher
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
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  • New Delhi Personal Loan is Rated as "Great!" by 6734 Users
    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 20 Jan 2018

    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 2018

    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

    • Bank Bazaar Personal Loan
      "One stop solution"
      0.5 3.0/5 "Satisfactory"
      Bank Bazaar portal is good to compare with multiple banks in the market. I came to know about the website through media. The customer service was good and provided a proper response. I used the online website which was more flexible to access and convenient.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2018
    • Kotak Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      They have sanctioned the personal loan was around 1L 52K, in my account it came 1L 46K so I have asked them to share the break-up. But I haven't received yet anyway I don't required now, its okay they started debiting the installment. The rate of interest was more compared to other banks. The processing fee is applicable.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2018
    • Kotak Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken was taken with KOTAK bank. The loan amount was 1.60 lakh and the Interest rate was 14% which is bit high than other banks in the market.The loan process was quite easy and the processing fee was nominal. My overall experience was good and its recommendable.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2018
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My experience was very good with BANK BAZAAR. The customer service and response was good. The website was user friendly and easy to navigate. The web portal's accuracy and speed is good. I have tried using the tools like EMI calculator and credit score option which is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2018
    • Tata capital Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with TATA CAPITAL . The loan amount was 6.20 lakhs and the interest rate was 11.99% which is satisfactory . The tenure period was 4 years.The customer service and responses was up to the mark. Here there is no processing fee . In all it was a smooth one.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2018
    • Bank Bazaar Personal Loan
      "Bank Bazaar fulfilled my dreams"
      0.5 5.0/5 "Blown Away!"
      I got a very good deal on my personal loan with the help of bankbazaar.com. The customer service and the responsiveness was excellent. First time, I had applied my credit card and got very good response which makes me to visit the website again.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2018
    • Aditya Birla Finance Personal Loan
      "They know the customer"
      0.5 5.0/5 "Blown Away!"
      Aditya Birla is one of the best bank. They processed the personal loan in a very good manner. The customer service was professional and very kind to the customer. They offered a good interest rate with zero processing fee. I had submitted my documents online and also the executive came to my place and collected the Aadhar card due to some issue.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 20, 2018
    • Bajaj Finserv Personal Loan
      "Need to focus on the follow up"
      0.5 1.0/5 "Really Bad"
      BAJAJ FINSERV has collected all kind of documents for the personal loan process, but if they are not approving the loan they need to return the documents which they have collected. The customer support need to be improved with the BAJAJ FINSERV .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar service is prompt. They gave me a better follow up in regards to my personal loan application. I came to know about bank bazaar through google web search. I have used the bank bazaar mobile application while applying for the the personal loan which is easy to use.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • Citibank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The customer support service is good with thew Citibank and they have disbursed the loan amount with in 5 days of time. The rate of interest and the charges are nominal with citibank when compared with others. The requested loan amount has been disbursed and I am satisfied with it.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • Bank Bazaar Personal Loan
      "Fabulous"
      0.5 4.0/5 "Great!"
      I am using Bankbazaar.com from the last two to three months of time. Response is good one with them and the customer service is also good too. Customer service is better one with the Bankbazaar.com and am really happy with them till now.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • ICICI Bank Personal Loan
      "Excellent"
      0.5 4.5/5 "Excellent!"
      It was the good experience with the ICICI bank and the interest rate was around 14.23%. I would like to say that the customer service is good one for me. Response is also fine one for me with them and I have not faced any issues with them till now.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 19, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      I know bankbazaar.com from last 1-2 years, the services provided by bankbazaar is good when compared to all other banking websites. The experience was good so far with bankbazaar. Customer service was good and their response was prompt. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience with ICICI bank was very good, the process was smooth and i received my loan amount within 10 days. The loan amount is for Rs 3.06 lakhs with the rate of interest of 14.75% which is nominal rate. Customer service was good and they provided door step service to collect the documents. They charged Rs 7000 as processing fees and tenure of this loan is 5 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      BANK BAZAAR is a good platform for all the financial products. The customer service and responses was up to the mark. The website was user friendly and easy to navigate. The web portal's accuracy and speed is good. My overall experience was excellent and this site is very much recommendable.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with STANDARD CHARTER bank. The Interest rate was 12.49% which was satisfactory and the loan amount was 3 lakhs. The tenure period was 5 years. They have sanctioned the loan with the committed time .The loan process was smooth and hassle free. My experience was excellent,.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 17, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      Bankbazaar provides very good services on financial products when compared to all other sources in the market. I know bankbazaar.com from last 3-4 years and the experience was good so far. Customer service of bankbazar is very good and their response was on time. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Personal loan application was approved with CITI bank and it was a better loan experience. The loan amount is for Rs 6.5 lakhs with the rate of interest of 12.49% which is nominal when compared to other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The processing fees was 2% which is quite high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 4.0/5 "Great!"
      Bankbazaar provides very good services on financial products when compared to all other sources in the market. I know bankbazaar.com from last 3-4 years and the experience was good so far. Customer service of bankbazar is very good and their response was on time. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
    • Citibank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My Personal loan application was approved with CITI bank and it was a better loan experience. The loan amount is for Rs 6.5 lakhs with the rate of interest of 12.49% which is nominal when compared to other banks. The process was smooth and i received my loan amount within 1 week. Customer service was good and they provided door step service to collect the documents. The processing fees was 2% which is quite high and the tenure of this loan is 4 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 15, 2018
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