Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 33 New Delhi Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    10.99% - 16.49% Fixed
    0 Bankbazaar Exclusive
    30L Max
    1-5 Years
    Response Time : Within 30 minutes
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    11.50% - 17.25% Fixed
    0 Bankbazaar Exclusive
    20L Max
    1-6 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Customer Reviews
    14.99% - 14.99% Fixed
    Up to 2% One time fee
    20L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Eligibility Criteria
    16% - 28% Fixed
    2% - 5%
    50K - 7.5L
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    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
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    Perks
    Fees & Charges
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    Customer Reviews
    11.5% - 13.5% Fixed
    1% + applicable tax One time fee
    2L - 25L
    1-5 Years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    Documents
    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    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
    11.49% - 18.25% 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 100% PAPERLESS APPROVAL
    What you'll love
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    Perks
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    Fees & Charges
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    Customer Reviews
    10.99% - 18.15% Fixed
    Up to 2.5%
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon Voucher 100% PAPERLESS APPROVAL
    What you'll love
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    12.49% - 33% Fixed
    6.0% One time fee
    15L Max
    1-4 Years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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    10.99% - 14.49% Fixed
    0%
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    What you'll love
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    Perks
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
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  • New Delhi Personal Loan is Rated as "Great!" by 6968 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 23 Jul 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

    • Tata capital Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Customer support was not that good with TATA CAPITAL, the process took 2 weeks to complete. The loan amount i requested for Rs 2 lakhs but they approved only for Rs 1.5 lakhs. The rate of interest was nominal when compared to others. The tenure period for this loan is 3 years.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 23, 2018
    • Axis Bank Personal Loan
      "Easy to take the loan"
      0.5 5.0/5 "Blown Away!"
      The interest rates and processing fee are too high in Axis bank. I have taken this personal loan 2 years ago. I have taken a loan amount of Rs. 3.77 lakhs. They have offered me a interest rate of 12.99% and i don't remember about the processing fee. I used to pay the EMI of around 8K. Its easy to get a loan and i have received a loan on time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 23, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      BANK BAZAAR is a good platform for all the financial products. The customer service and responses was excellent . This my first experience here . The website was very user friendly and easy to navigate.I have even downloaded the mobile application but i always prefer web portal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 20, 2018
    • HDFC Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      MY credit card was taken with HDFC Bank. The process was very excellent here . The interest rate was satisfactory and the loan amount was 5 lakhs . The EMI period was 5 years . I have faced few issues and those are negligible. The documentation was bit tedious and the loan approved git delayed but the processing fee was quite nominal.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 20, 2018
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 4.5/5 "Excellent!"
      My experience was really very satisfactory with BANK BAZAAR . The customer service and responses was quote good and excellent . I have sue their Mobile application which is very user friendly and Easy access so I would like tor recommend to others
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 20, 2018
    • Citibank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with CITI bank . I had a wonderful experience here . The loan amount was 4 lakhs and the interest rate was quite satisfactory The EMI period was 5 years . The process was very excellent and they have sanctioned the loan with the committed time. It was quite smooth and i did not expect it to be so easier but it was good.There is no delay at all and the documentation was also perfect.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 20, 2018
    • Citibank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from the Citibank for 4 lacs , The interest rate mis very high. I got the loan amount with in a day and credit to the account. The application and the documentation was really easy and hassle free. They need to lower the interest rates in par with other providers.
      Was this review helpful? 4
      , new delhi
      Reviewed on Jul 17, 2018
    • SBI Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken a personal loan from SBI and my loan experience was good, the loan amount was for Rs 2 lakhs with nominal interest rate when compared to other banks. Customer service was good and they followed up on time. There are no preclosure charges and the tenure period for this loan is 4 years.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Its instant paperless approval personal loan which i got from icici bank. Based on the number of transaction which i made with icici. As the rate of interest is satisfactory but it is acceptable based on our urgency. Their customer service is way good an response was quick .I have chosen the tenure period of 5 years and there is nil processing fees.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 17, 2018
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The process in getting the loan had been very smooth and easy and the loan amount which they had provided had been satisfactory. The interest rate with them had been average and there has not been any hassles faced during the process and with the staff responses. I have taken totally two loans from them.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jul 13, 2018
    • HSBC Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I took a ,personal loan from the HSBC bank. The loan amount was 6 lacs, I applied for the loan via an HSBC executive. I got the loan with in 3 days, it was quick. The interest rate is higher side but they promised that there will be a revised rate soon.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 12, 2018
    • HDFC Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC Bank 4 years back. The loan amount was 5 lash and the interest rate was satisfactory . The EMI period was 4 years .I had a smooth documentation and the processing fee was also very nominal. The customer service and responses was upto the mark.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jul 11, 2018
    • HDFC Bank Personal Loan
      "Poor Service"
      0.5 1.0/5 "Really Bad"
      I took a personal loan from the HDFC bank. I got the loan with in 3-4 days. Once the corporate account was converted to the savings account they started charging and every time I deposit the loan EMI it bounces back due to the unwanted charges.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2018
    • HDFC Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Hdfc bank . Am satisfied with the rate of interest which they have provided . There is processing fees for the loan which is nominal one. I make the payments through Ecs every month . They gave the tenure period of 3 years . They did quick documentation and received the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2018
    • HDFC Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      My personal loan was taken with HDFC bank 2 years back.The loan amount was 70,000 and the interest rate was satisfactory The tenure period was 1 year . Th e processing fee was 2000 and i had a very good smooth process here . The documentation process was very minimal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 05, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with ICICI Bank 3months back. They have offered 5 lakhs and the interest rate was satisfactory . The customer service and responses was up to the mark. I have 24/7 helpline number . The documentation process was very smooth and they have sanctioned the loan within the committed time.,
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 05, 2018
    • Bank Bazaar Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I had a good experience with BANK BAZAAR . The customer service and responses was up to the mark. I am using the website which is very user friendly and the options are all very satisfactory so I would like to recommend to others,
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 05, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Hdfc bank . The rate of interest is promising one which is too nominal. They gave tenure of 5 years . I make the payments through Ecs . They did instant approval for documentation and approval with in week .Am satisfied with their customer service and response
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 03, 2018
    • Bank Bazaar Personal Loan
      "Good Website"
      0.5 4.0/5 "Great!"
      I come to know bankbazaar through website. I'm using bankbazaar for more than 1 months. The customer care service is very good. I don't have downloaded the android mobile application. I would appreciate if bankbazaar can provide the reason why my loan got rejected.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 29, 2018
    • ICICI Bank Personal Loan
      "Worst Experience"
      0.5 1.0/5 "Really Bad"
      I have applied around 1.5 lakhs and they have rejected the same due to some bank norms met. I have not received the call from the ICICI bank. I never called the customer care service of ICICI. I have uploaded the documents.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 29, 2018
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