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

    New Delhi is the capital of India and is home to several different banks that offer personal loans at attractive interest rates. Availing a personal loan in Delhi is as easy as it gets thanks to the simple eligibility criteria for residents.

    We found 33 New Delhi Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 17.99% Fixed
    0
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
    Accelerated Approval
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    11.49% - 18.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    16.5%-20% Fixed
    Up to 2% or minimum ₹2,000 (whichever is Max) One time fee
    15L Max
    1-5 Years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher
    What you'll love
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    Eligibility Criteria
    10.99% - 17.99% Fixed
    From .75% (min. ₹999 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
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    Fees & Charges
    Good to Know
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    Customer Reviews
    10.99% - 21.25% Fixed
    Up to 2.5% One time fee
    40L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.750 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    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.750 Amazon Voucher 100% PAPERLESS APPROVAL
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    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    12.00% - 17.00% Fixed
    1%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
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    New Delhi Personal Loan is Rated as "Great!" by 7331 Users

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    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.

    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 16 Jan 2019

    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.

    New Delhi Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Awesome one stop shop "
      0.5 5.0/5 "Blown Away!"
      Various option available in Bank Bazaar, rather going to direct financier. here we can analyze the real information in website without going anywhere. I am using the site for past 2 months, the portal is good to post the request. The customer support team gave me the proper information.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 14, 2019
    • Tata capital Personal Loan
      "Satisfactory Experience"
      0.5 4.0/5 "Great!"
      I am satisfied with Tata Capital documentation part and they have fulfilled the commitment on my personal loan. The interest rate is quite nominal they gave me the same thing which provided by other banks. Even the door step documentation process is good.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 14, 2019
    • HDFC Bank Personal Loan
      "Loan process duration should be reduced and with the interes"
      0.5 3.0/5 "Satisfactory"
      I have one more loan with HDFC, they were charging more interest rate around 17% its huge as per the market. The executive disclosed about the charges and interest before the disbursement. Interest is matter that should be reduce many customer can approach and they taken long time to disburse the amount.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 14, 2019
    • Bank Bazaar Personal Loan
      "Its satisfied and good experience"
      0.5 4.0/5 "Great!"
      They helped me a lot in all my loan process and the disbursement is also good. I got the information regarding the status through the mail or sms. I would say its more than expectation I good experience. Past 2 months I am using Bank Bazaar its easy.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 14, 2019
    • Kotak Personal Loan
      "Charges should be reduced"
      0.5 3.0/5 "Satisfactory"
      There was more charges on the personal loan, Kotak Mahindra taken around Rs. 6000 from 1.3 lakh for the tenure of 34 months. They gave me the part payment and foreclosure, only charges need to be reduced as per the bank norms, remaining all fine with them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 14, 2019
    • Bank Bazaar Personal Loan
      "Best in service"
      0.5 5.0/5 "Blown Away!"
      This is the first time with Bank Bazaar and i am happy with the services. I had applied for a personal loan and my application was taken care. There was a proper follow up and the customer care executives were helpful. I am planning for a loan in future and i will go through Bank Bazaar for sure.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 13, 2019
    • HDFC Bank Personal Loan
      "Good in Service"
      0.5 3.0/5 "Satisfactory"
      I had applied for personal loan with HDFC bank and this is the my first loan with HDFC. My application was considered and was processed, there was a bit delay. At the beginning i was informed about the interest rates and emi charges. But after approval of loan i can see that there is extra Emi charges and i need a clarification on that.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 13, 2019
    • Bank Bazaar Personal Loan
      "Good in Service"
      0.5 4.5/5 "Excellent!"
      I had a good experience with Bank Bazaar. At the time i was planing for a personal loan i had applied for it on the bank bazaar website. My application was taken care and it was processed. In the middle the update was missing but later when i checked it was taken care.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 12, 2019
    • HDFC Bank Personal Loan
      "Good in Service"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with with HDFC bank and this is the second time with HDFC. This time there was a bit delay and to there was on update from the front but later it was taken care.. The interest rates on my loan amount is reasonable..
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 12, 2019
    • Bank Bazaar Personal Loan
      "Okay website"
      0.5 4.0/5 "Great!"
      Bankbazaar website is convenient to use. I have been started using this website for only once for applying the personal loan. Through the television advertisements, i have come to know about this website. Support team were suggested me a good product when i apply for a loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2019
    • Citibank Personal Loan
      "Okay loan services"
      0.5 4.0/5 "Great!"
      The interest rates are very much competitive thats the reason i have chosen CITI bank. Within a short span of time, they have given me a loan. The interest rates are economical and processing fee was competitive. I have chosen the tenure period of 5 years. Documentation process was went smoothly.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 10, 2019
    • Bank Bazaar Personal Loan
      "Bankbazaar provides good services"
      0.5 4.0/5 "Great!"
      Bankbazaar people are giving prompt services to the customer. This was the first time i have used the website for applying my personal loan. Through online i have come to know about this website. Overall, my experience is a satisfactory one.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2019
    • HDFC Bank Personal Loan
      "Satisfactory loan"
      0.5 4.0/5 "Great!"
      I had opted for this loan because i found this as a only option for personal loan. They have given me a interest rate of 13.5% and i have no idea about the processing fee. I have taken the loan amount of Rs. 3.12 lakhs. I have been paying the EMI of Rs. 8500 and the amount has deducted from my account automatically.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2019
    • Bank Bazaar Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The experience with Bank Bazaar has been quite good and i am using the services of them for the last five months. I am using the web portal of them which has been convenient. I came to know about their services through the internet and their customer support has been helpful during the process of getting my Personal loan through them.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 09, 2019
    • Tata capital Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the interest rate with them has been pretty low when compared with the market rate. The process in getting this loan has taken a little more time than usual. The loan amount which they had provided has been sufficient and there has been some charges which they had made on taxes.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 09, 2019
    • Bank Bazaar Personal Loan
      "For all your banking purpose, bankbazaar is good"
      0.5 5.0/5 "Blown Away!"
      In bankbazaar, they are giving a quick response to their customer and there are lots of good options are available. I have started using the bankbazaar website for around four months. By advertisements, i have come to know about this website.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 09, 2019
    • HDFC Bank Personal Loan
      "Nice loan experience"
      0.5 4.0/5 "Great!"
      There is no particular reason for choosing the HDFC personal loan. I have received the interest rate of 10.50% and processing fee was Rs. 2000. I have taken the loan amount of Rs. 1.80 lakhs. The service was good from them when i approached them for the personal loan.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 09, 2019
    • Bank Bazaar Personal Loan
      "One point solution"
      0.5 5.0/5 "Blown Away!"
      I am really happy with the bankbazaar.com. It was my first time and applied the personal loan, it got processed easily. I came to know through online. First I gone with website and then used mobile application its very convenient. The best part, I like their online documentation process
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 09, 2019
    • Kotak Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The customer service and response was excellent. The rate of interest was little bit high and the processing fee was nominal. I have submitted the documents online and this is the best part. They took almost one week to process the loan. Part payment can be done after 6 months. I am really happy with Kotak Mahindra Bank.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 09, 2019
    • Bank Bazaar Personal Loan
      "Best about the bankbazaar is its gives many options wtihin 5"
      0.5 4.5/5 "Excellent!"
      Best about the bankbazaar is its gives many options within 5-10 minutes which is very much convenient for the customers. My first credit card which i have applied through bankbazaar and for past 4 years I'm using this. When i search in Google, it gives me a link of bankbazaar.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jan 09, 2019
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