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% - 14.49% Fixed
    0 to ₹1,180
    30L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    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
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    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    10.99% - 20.75% 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
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    Customer Reviews
    12.99% - 12.99% 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
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    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.1,000 Amazon voucher free Paperless approval available
    What you'll love
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    Customer Reviews
    13.49% - 19.99% Fixed
    Up to 2%
    Upto 25L
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval available
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    Eligibility Criteria
    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
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    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
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    Perks
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 15.99% Fixed
    Up to 0.5%
    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
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    Customer Reviews
    10.99% - 17.99% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
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    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
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
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  • Ranchi Personal Loan is Rated as "Great!" by 138 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 20 Nov 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

    Ranchi Personal Loan Reviews

    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      It was a great experience with bankbazaar, they provide good services on financial products when compared to all other banking websites. I know bankbazaar.com from last 2 years. Customer service was good and their response was prompt. I am using the bankbazaar website, it is easy to access and it is user friendly.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 17, 2017
    • ICICI Bank Personal Loan
      "Needs to improve"
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from ICICI bank, my loan application was closed because my salary is very less. When it comes to customer service, it was not up to the mark and their response is not good. The rate of interest was way high when compared to other banks.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 17, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I previously applied for the personal loan from HDFC bank, my loan application was approved and the requested amount was disbursed. The loan amount was for 9.5 lakhs with the rate of interest of 12.99% which is high when compare to other banks. The customer service was good, they followed up on time and the loan amount was approved within 1 week.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 3-4 years, bankbazaar provides good services when compared to all other banking websites. The experience was good with bankbazaar so far. The customer service was good and their response was prompt. I use both mobile app and website, it is easy to access and it is user friendly.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 11, 2017
    • ICICI Bank Personal Loan
      "Good customer service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan from ICICI bank, my loan application was closed because the requirement was not fulfilled . When it comes to customer service, it was good and their response was also good, they followed up on time. The rate of interest was high when compared to other banks.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 11, 2017
    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      The best site to get loans and credit cards. It will resolve , you don't need paperwork, everything approval so instantly it is so soon that you just blink an eye, paperless and also instant approval within 36 hours, this is the better then any
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 10, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is the useful website for customers to view all financial products in one page and it gives a comparison of different banks interest rate and features.I have been using the website for last four years ,continue to browse forever.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 01, 2017
    • Fullerton Personal Loan
      "Excellent service "
      0.5 5.0/5 "Blown Away!"
      I had requested for a personal loan with Fullerton bank.Loan amount is 4.5 lakhs.Rate if interest is 19% high as compared to other banks.banks had requested for salary slip and statement unable to provide documents hence closed the application otherwise the service is good and satisfied.
      Was this review helpful? 0
      , ranchi
      Reviewed on Nov 01, 2017
    • Bank Bazaar Personal Loan
      "Good service "
      0.5 5.0/5 "Blown Away!"
      Bank bazaar is a wonderful site. I had been using the website for more than a month. In a short span of time, I felt the service was excellent and will continue to use forever. Keep it up, let their service go for long years. I am a happy user of bank bazaar always.
      Was this review helpful? 0
      , ranchi
      Reviewed on Oct 13, 2017
    • HDFC Bank Personal Loan
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I had received personal loan form Hdfc for an amount of 4 lakhs with an interest rate of 11%,rate of interest is nominal as compared to other banks in the market.Post placing the request through online they had reverted within 24 hours of time.Documents were uploaded through hdfc portal.Overall they took 10 days to credit the amount in the account
      Was this review helpful? 0
      , ranchi
      Reviewed on Oct 13, 2017
    • Bank Bazaar Personal Loan
      "Instant loan"
      0.5 5.0/5 "Blown Away!"
      Bank bazaar. Com is doing excellent job online in assisting me with your extreme needs of any kind of loan. Outstanding response provided by bankbazaar within no time. If you have requirement of loan go for it blindly. No need to worry about your personal information will be kept confidential. Kudos!
      Was this review helpful? 0
      , ranchi
      Reviewed on Oct 04, 2017
    • 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
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