Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 32 Ranchi 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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  • Ranchi Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My experience was up to the mark with Bank bazaar. Its a good platform for all financial products because the process is very easy and hassle free . I felt that they have delayed in between for verifying documents other than that their website was excellent with many good options and easy to navigate. The options like Credit score and EMI calculator is very much helpful.
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 20, 2017
    • HDFC Bank Personal Loan
      "Not satisfied"
      0.5 2.5/5 "Just OK"
      I have taken my personal loan with HDFC bank. Their rate of interest was 17,5% which is very high when compared to other banks. I have taken of just 2 lakhs and I am looking for another 4 lakhs for which they have asked me to apply after 4 months. They must improve their customer service and responsiveness, also they have to respond to me properly.
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 20, 2017
    • Bajaj Finserv Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan from Bajaj Finserv. The services are very customer friendly. Most of all the executive was very professional. And the document process was not much. I only had to submit the kyc documents and another benefit was the processing charges was and roi was not there.
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 20, 2017
    • Bank Bazaar Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar is good at their call backs and they have made a best follow up in response to my personal loan application. The website of bank bazaar is easy to use and user friendly. I am customer of bank bazaar for so many times, I get immediate response from bank bazaar team after giving my details in the bank bazaar website.,
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 20, 2017
    • ICICI Bank Personal Loan
      "DISSATISFIED"
      0.5 1.0/5 "Really Bad"
      I have approached ICICI bank for my personal loan. I would like to mention that they need improve their customer service and responsiveness because they didn't respond me well when i applied for my personal loan with them they have asked me to open the current account for passing the loan.
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 20, 2017
    • Bank Bazaar Personal Loan
      "Very impressive"
      0.5 5.0/5 "Blown Away!"
      I am quite impressed with Bank bazaar because the customer service was excellent . when i checked in their website Immediately , with in 30mins I have received a call form Bank bazaar's representative.They are very quick and website's options are very useful.
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 13, 2017
    • ICICI Bank Personal Loan
      "BAD SERVICE"
      0.5 4.0/5 "Great!"
      I have approached ICICI bank for my personal loan.I have to mention that they are very bad in their customer services and responses. I am not satisfied at all because I have tried to reach them many times regarding my loan process there was no response from their end. However their rate of interest and fees and charges are good .
      Was this review helpful? 0
      , ranchi
      Reviewed on Sep 13, 2017
    • Bank Bazaar Personal Loan
      "Average"
      0.5 4.0/5 "Great!"
      Website is absolutely fine , even followups were there, but it was not that appropriate. I am very much happy with the proposal which was offered to me by bankbazar. It would be great, if bankbazaar provides resolution on call and should take care off the application completely..
      Was this review helpful? 0
      , ranchi
      Reviewed on Aug 08, 2017
    • ICICI Bank Personal Loan
      "Needs to lower the rate"
      0.5 5.0/5 "Blown Away!"
      No issues with this bank as I am banking with them. Initially, I got a call from ICICI Mumbai after that I submitted my documents at the branch the interest rate varies from one branch to another one. Interest was high finally it was resolved after couple of negotiations but I had to followup a lot to get this interest rate 13.99%
      Was this review helpful? 0
      , ranchi
      Reviewed on Aug 08, 2017
    • Bank Bazaar Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      The response from Bankbazaar was excellent. They continuously contacted me and checked about my status and took a feedback as well. The website is also good and very much useful with a lot of information of the banks and the offers they were having.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jul 10, 2017
    • ICICI Bank Personal Loan
      "High on ROI and charges"
      0.5 4.0/5 "Great!"
      ICICI Bank has been good in the response for the personal loan. Since I did not have the documents they needed I did not go ahead for it. I was also not comfortable with the rate of interest and processing charges as it was extremely high. The interest rate was around 17 %. The charges was of 5K.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jul 10, 2017
    • Bank Bazaar Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      When I logged in to Bankbazaar portal, immediately I got a response from the bankbazaar customer service executive as they helped me to choose the best product in the market. The site is very much easy to use and user friendly. Also I would say that their customer service is very much service oriented.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 21, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Despite holding an account with ICICI bank,they were unable to sanction personal loan. There is an issue with respect to the documents and that was the reason why my application was kept on hold for a long time I believe. The rate of interest is very much nominal with ICICI bank. Also their customer support is good and very much supportive.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 21, 2017
    • HDFC Bank Personal Loan
      "Good when it comes to customer service"
      0.5 5.0/5 "Blown Away!"
      The interest rate for the personal loan with HDFC bank is around 11.75%. Though I hold a salary account with the bank, they did not collect any documents from me but processed the loan in a smooth way. The customer service is really good and approachable.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 16, 2017
    • Bank Bazaar Personal Loan
      "Good In Followups"
      0.5 5.0/5 "Blown Away!"
      The followups are good with Bankbazaar on my loan application. They provided timely response and a good customer service. My loan application been forwarded to the bank promptly without any delay. Their website is quite easy to navigate.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 16, 2017
    • ICICI Bank Personal Loan
      "High Interest Rate"
      0.5 3.0/5 "Satisfactory"
      I preferred ICICI bank for the personal loan. So I submitted my loan application with the bank through online source. But I found that ICICI bank is high in the rate of interest. But then the response and customer service are good with ICICI bank. I got better interest rate from HDFC bank.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 16, 2017
    • Bank Bazaar Personal Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      I had received a good service from bankbazaar on my loan application. Also I had downloaded bankbazaar mobile app which is very much convenient and easy to use. I got proper followups and updates from bankbazaar and my application was assigned to the bank from bankbazaar end.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 12, 2017
    • Fullerton Personal Loan
      "Efficient Employee"
      0.5 4.0/5 "Great!"
      I had received good response from Fullerton when I approached them for the personal loan. The rate of interest is little bit high with them. But my application got approved in the beginning and it was rejected and again it got approved, I do not know what happened exactly. But the person who was looking after my application was very prompt. His name is Mr.Rakesh, he is so efficient in working on the loan process. I would like to give good ratings only because of Mr.Rakesh and his service. I would say that the work has been done graphically but the initial momentum was very slow with Fullerton.
      Was this review helpful? 0
      , ranchi
      Reviewed on Jun 12, 2017
    • Bank Bazaar Personal Loan
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I am happy with the services of Bankbazaar as I was contacted on time and informed about the details I needed for the loan. The process is very smooth and quick in forwarding my details to the bank. The overall experience was good with the follow up calls as well.
      Was this review helpful? 0
      , ranchi
      Reviewed on May 30, 2017
    • ICICI Bank Personal Loan
      "Good in services"
      0.5 5.0/5 "Blown Away!"
      The response was proper and on time from ICICI Bank. I had applied for a personal loan and the process was good, but I could not proceed ahead only because I live in the company guest house and I did not have the address proof. The bank wanted the HR letter and there was a delay as well to get that.
      Was this review helpful? 0
      , ranchi
      Reviewed on May 30, 2017
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    Ranchi Personal Loan is Rated as "Great!" by 129 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Ranchi Personal Loan

    The capital city of the state of Jharkhand, Ranchi has a lot to boast about. It is a city with an urban format that caters to the growing needs of the city.Since the separation of the state, the city of Ranchi has adopted an open attitude to welcoming new industries and encouraging trade and commerce.The population of the city is on a steady increase and now that the city is well connected with other major parts of the country, there is a trend suggesting migration from nearby locations. A major healthcare hub for nearby towns and a strong contributor to the nation’s economy, Ranchi has definitely made its way up the ladder.

    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 Ranchi Personal Loan if you are

    01
    02
    03
    04
    Ranchi Personal Loan Minimum Age

    At least 21 years old

    Ranchi Personal Loan Maximum Age

    Less than 65 years old

    Ranchi Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Ranchi Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Ranchi Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Ranchi Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Ranchi Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs

    Ranchi Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Ranchi Personal Loan amount by these steps

    01
    02
    Ranchi Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Ranchi

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Ranchi 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

    Ranchi Personal Loan Interest RatesUpdated on 24 Sep 2017

    Ranchi 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 Ranchi

    Ranchi is the capital of Jharkhand and boasts of having the highest population in the state. There are a number of major banks and financial institutions that have been providing personal loans to the people of Ranchi. These institutions also provide unsecured loans that range from Rs.50,000 to Rs.40 lakhs. Getting a personal loan is Ranchi is easy and hassle-free.

    Personal Loans offered by various Banks in Ranchi

    There are a number of leading banks and NBFCs that offer personal loans to customers who are located all over Ranchi. In addition to providing personal credit, these banks also offer a number of different banking facilities like investment advice, netbanking, asset management, and other forms of commercial lending. Listed below are a few of the prominent banks that provide personal loans and operate out of Ranchi:

    • Citibank
    • Standard Chartered
    • ICICI Bank
    • HDFC Bank
    • Kotak Mahindra

    How to Get a Personal Loan with the Lowest Interest Rate in Ranchi

    There a few factors that need to be considered when applying for a personal loan in Ranchi. You will have to draft your application in a way where you are able to get a good interest rate from the bank. The interest rate that is offered will depend on the lender who you wish to borrow the sum of money from. Though personal loans are easy to apply for, it is very important that you check your credit score before applying for a loan. A good credit can not only help you get the loan amount that you desire, but also help you avail a good and affordable interest rate on the loan. A credit score that is 750 and above is considered as a good score and this will help you get a better deal on your loan. The interest rate offered by the financial institution that you approach is directly proportional to your credit score which means that a high credit score will avail a lower interest rate and vice-versa.

    Another thing to keep in mind when applying for a personal loan is to assess your financial requirements before applying for the loan. If you end up borrowing a high amount that you don’t really need, you will end up paying extra money to the bank as interest. Similarly, if you borrow a lower sum, you will end up taking another personal loan to meet your needs which means you will have to pay an interest on another loan amount. Therefore, it is important that you access your needs and see how much financial banking you require to meet your needs to avoid paying any money towards interest that you could have avoided.

    Personal Loan Interest Rates in Ranchi 2017

    There are a number of major public and private sector banking institutions that offer personal loans to the residents of Ranchi. Listed below are some of the banks in Ranchi and their interest rates:

    Bank Processing Fee Interest Rate Loan Amount Tenure
    Citibank 1% to 2.5% 11.49%-15.99% (Fixed) Rs.30 lakhs 1-5 years
    Capital First Up to 1.5% (OTF*) 12%-18% (Fixed) Rs.15 lakhs 1-5 years
    Standard Chartered Nil 10.99%-14.49% Rs.30 lakhs 1-5 years
    HDBFS 1%-2% (OTF) 13.99%-16.99% Rs.30 lakhs 1-5 years
    TATA Capital Nil 11.99%-19.50% Rs.20 lakhs 1-6 years
    ICICI Bank 2.25% (Min. Rs.1,149) 11%-17.99% Rs.20 lakhs 1-5 years
    IndusInd Bank Up to Rs.3,000 (OTF) 11.99%-19% (Fixed) Rs.25 lakhs 1-5 years
    Oriental Bank 0.5% (OTF) 10.85%-11.85% Rs.50,000-Rs.10 lakhs 1-5 years
    HDFC Bank Up to 2.5% (OTF) 10.99%-19.8% (Fixed) Rs.25 lakhs 1-5 years
    Aditya Birla Nil 11.5% to 13.25% (Fixed) Rs.30 lakhs 1-5 years
    Fullerton 1.5% to 6% (OTF) 17.25% to 37% (Fixed) Rs.15 lakhs 1-4 years
    HDBFS Business Loan 2% (OTF) 15.95%-18.95% (Fixed) Rs.20 lakhs 1-3 years
    Kotak Mahindra Up to 2% 11.49% - 20.15%Fixed Rs.15 lakhs 1-5 years
    Allahabad Bank 1.22% (Min. Rs.1,228) 13.10% (Fixed) Rs.50,000 to Rs.7.5 lakhs 1-5 years
    Bank of India Rs.1,000 to Rs.10,000 (Service Tax not included) 13%-14% (Fixed) Rs.10,000-Rs.5 lakhs 1-3 years
    Bank of Baroda 1% (Min. Rs.1,000) OTF 11.35%-14.35% (Fixed) Rs.20,000 to Rs.2 lakhs 4 years
    BOM 1% (Min. Rs.1,000) 12.75% (Fixed) Rs.1.5 lakhs 1-3 years
    Canara Bank Rs.1,000 to Rs.5,000 (OTF) 12.75% (Floating) Rs.3 lakhs 5 years
    Dena Bank 1% (OTF) 13%-14% (Fixed) Rs.15,000 to Rs.1 lakh 1-3 years
    Central Bank Rs.500 (OTF) 11.4% (Floating) Rs.10 lakhs 4 years
    Indian Bank Rs.508 to 0.508% (OTF) 12.65% to 13.65% (Floating) Rs.50,000 Max. 3 years
    IDBI Bank 1%+S.T. (OTF) 12.20% (Floating) Rs.50,000 to Rs.10 lakhs 1-5 years
    IOB 1.01% to 1.10% (OTF) 13.65% (Fixed) Rs.1 lakhs to Rs.15 lakhs 1-5 years
    South Indian Bank 0.50% (OTF) 13% (Fixed) Rs.3 lakhs 1-4 years
    Karur Vysya 0.4% (OTF) 13.35% to 15.85% Rs.1 crore Max. 1-3 years
    SBI 1% (OTF) 12.90% to 14.90% Rs.24,000 to Rs.15 lakhs 5 years
    Vijaya Bank Nil 13.50% (Fixed) Rs.10 lakhs 1-5 years
    Tamilnad Mercantile 1% (OTF) 14.30% to 16.30% (Floating) Rs.2 lakhs Max. 1-5 years
    Union Bank 0.5% (Min. Rs.500) OTF 14.4% (Floating) Rs.5 lakhs Max. 1-5 years
    UCO Bank 1% (Min. Rs.750) OTF 11.35% to 11.60% (Fixed) Rs.10 lakhs 5 years
    Yes Bank Up to 2% (OTF) 14% (Fixed) Rs.20 lakhs 1-5 years

    *OTF – One Time Fee

    Salary Requirements to avail Personal Loans in Ranchi

    When a bank or NBFC receives an application for a personal loan, there are a few factors that they consider before sanctioning the loan. One of these factors is the individual’s salary. The financial institution needs to be certain that the individual can repay the amount. Some of the requirements that need to be met to avail a personal loan are listed below:

    • The age of the applicant should be anywhere between 21 years and 60 years.
    • A salaried individual should have a minimum monthly income of Rs.15,000. This minimum requirement will vary from one bank to another.
    • The applicant should have resided in Ranchi for a minimum of 1 year.
    • The applicant should is required to have a minimum work experience of 2 years.
    • Applicants will be required to submit a couple of documents like bank statements, address proof, identity proof, etc.

    Ranchi Personal Loan FAQs

    1. How long will the bank take to approve my application for a personal loan?

      The time taken to approve an application for a personal loan will depend from bank to bank. While some banks approve loan applications with 48 hours, some banks take at least a week. Usually a loan application is approved between two and seven working days.

    2. Are there any additional charges associated with a personal loan?

      Yes, there is. Almost all banks charge a processing fee ranging from 2% to 2.5% of the amount you wish to borrow, and the fee is generally deducted from the amount disbursed to you.

    3. How do I repay my personal loan?

      The repayment of personal loans can be done in Equated Monthly Instalments (EMIs) via post-dated cheques favouring the bank from which you have availed the loan. You could also link your debit account to your loan in case you borrow from a bank with which you hold a savings bank account and the amount will be deducted automatically.

    4. Can I get the balance transfer facility in my personal loan?

      It depends on the bank. Some banks offer the balance transfer facility if the customer has paid 12 EMIs. Check with your bank before applying for the loan if they offer the same.

    5. How much money can I borrow through a personal loan?

      The lender will determine the limit you have when it comes to taking a personal loan. A number of factors will be considered before the bank approves your application, but loans up to Rs.5 lakhs are disbursed by most banks.  


    Check For Latest: Silver Rate Today in Ranchi Or Silver Rate Today in Ranchi
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