Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Varanasi 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
    What you'll love
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    Perks
    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 option 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 option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    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 option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    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
    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 Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option 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 option 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.1,000 Amazon voucher free
    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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  • Varanasi Personal Loan Reviews

    • HDFC Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      Due to some personal issues I haven't proceed with HDFC bank personal loan. The banking service is very good with HDFC bank. The response is good with HDFC bank. The rate of interest is nominal with HDFC bank. I got average service from HDFC bank.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 16, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      The response part with ICICI bank need to improved. But when compared to HDFC bank ICICI bank is giving better response. The rate of interest is lower than HDFC bank. The whole process just takes 4 to 5 days in concern to my personal loan with ICICI bank. I would say I got good service from ICICI.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 14, 2017
    • Bank Bazaar Customer Support
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      The support which was given by bank bazaar was really excellent, they were good in response they have made very good follow up and they helped me to get in touch with the partner bank. The bank bazaar website is easy to use and user friendly. It is easy to compare and choose the product on the bank bazaar website.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 14, 2017
    • HDFC Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The HDFC bank executive didn't attend my call in concern to my personal loan application. They haven't come to collect my required documents on time, so that was the reason I haven't processed with HDFC bank personal loan. It would be great if HDFC bank executives collects the document on assigned date and time. The rate of interest is high with HDFC bank when compared with ICICI bank.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 14, 2017
    • Bank Bazaar Customer Support
      "Definitely good"
      0.5 5.0/5 "Blown Away!"
      Indeed! I had received a proper service from Bankbazaar. The process went good and there was no issues throughout the loan process. I am satisfied with the services of bankbazaar. They have good web portal which is very easy and useful to apply for the loan.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 08, 2017
    • ICICI Bank Personal Loan
      "Fair Service"
      0.5 5.0/5 "Blown Away!"
      I had applied for the personal loan over the phone with ICICI bank. Actually I approached third party source for the loan process and they forwarded my application to ICICI bank. I received the loan amount on time and the bank people visited my place and collected the documents. The interest rate is good.
      Was this review helpful? 0
      , varanasi
      Reviewed on Aug 08, 2017
    • Bank Bazaar Customer Support
      "Satisfactory service"
      0.5 5.0/5 "Blown Away!"
      I got to know about the financial products clearly through bank bazaar executive. The customer service and the response is really good with bank bazaar. It would be great if bank partner is also working like bank bazaar. The web site of bank bazaar is easy to use and user friendly. The service rendered by them is really good.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jul 12, 2017
    • ICICI Bank Personal Loan
      "Need improvement"
      0.5 3.0/5 "Satisfactory"
      The ICICI executives are the reason for not proceeding the personal loan with ICICI bank. Actually my salary is not fixed based on that they told that they cannot proceed with the loan, but I have informed about my salary in prior, still they said its not possible. The customer service and the executives or representatives need to be more attentive towards the customers and need to understand the customers , because the executives doesn't have the business knowledge. The rate of interest is less with ICICI bank.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jul 12, 2017
    • HDFC Bank Personal Loan
      "Very Good service"
      0.5 3.0/5 "Satisfactory"
      Hardly HDFC bank took around 3 to 4 minutes to disburse my personal loan. Because I hold a salaried account with HDFC bank. I haven't submitted any kind of documents. The rate of interest is nominal with HDFC bank. I am happy about the loan amount. The service with HDFC bank is really quick and fast.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jun 27, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 4.0/5 "Great!"
      I came to know about bank bazaar for 5 months ago. I know about it through promotional mails. I have used bank bazaar web site to apply for the personal loan. The user interface with bank bazaar web site is fine. It was easy to use and user friendly. I am satisfied with bank bazaar service.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jun 27, 2017
    • ICICI Bank Personal Loan
      "Good Service"
      0.5 2.0/5 "Expected more"
      The ICICI bank offered me a very high interest rate in regards with my personal loan application. That was the reason I haven't proceed with ICICI bank loan. The rate of interest need to be reduced with ICICI bank. The customer service with ICICI bank was good. The response was also good with ICICI bank.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jun 27, 2017
    • HDFC Bank Personal Loan
      "Good services"
      0.5 5.0/5 "Blown Away!"
      I have earlier taken a personal loan from HDFC Bank and the interest rate they offered was on the higher side when compared. I got a rate of 14%. The processing charges was also high. But it was a quick process and satisfactory as well because I got the loan on time.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      The services rendered by Bankbazaar has been good and I am happy with the overall experience. They had done a good job and have also followed up very well. The website is good and I am happy that the overall process as it was perfect. I did not have to do much from my end to get connected with the bank.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jun 20, 2017
    • ICICI Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      I was busy in my personal work so I could not proceed ahead for the personal loan with ICICI bank. The bank had a good deal of around 11% and the processing charges was normal. The bank has informed me to get back to them when I feel comfortable to take the loan.
      Was this review helpful? 0
      , varanasi
      Reviewed on Jun 20, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      Bankbazaar is very prompt in responding the customers on their loan application. Without fail they used to call me regularly sometimes I used to receive messages from their end. They followed up on my application and updated me properly.
      Was this review helpful? 0
      , varanasi
      Reviewed on May 25, 2017
    • HDFC Bank Personal Loan
      "Delayed Response"
      0.5 4.0/5 "Great!"
      I applied for the personal loan with HDFC bank. The loan is under process, I am waiting for the confirmation from the bank. It is almost been 15 days when I submitted my application but still I did not get any confirmation from them. Approval is still pending.
      Was this review helpful? 0
      , varanasi
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Average Service"
      0.5 5.0/5 "Blown Away!"
      When I applied for the personal loan with ICICI bank my loan got rejected so I applied with HDFC bank and it is under process now. Against my application, I received proper response and the people from ICICI contacted me and provided information about the loan.
      Was this review helpful? 0
      , varanasi
      Reviewed on May 25, 2017
    • Bank Bazaar Customer Support
      "Easy to approach"
      0.5 4.0/5 "Great!"
      Bank Bazaar is the good website to know about the information of all financial products. Once I had submitted my loan request to Bank Bazaar they called me and suggested two banks. Then I selected ICICI, Bank Bazaar website is very simple and easy to navigate.
      Was this review helpful? 1
      , varanasi
      Reviewed on Dec 13, 2016
    • ICICI Bank Personal Loan
      "Rate of interest has to be reduced"
      0.5 1.0/5 "Really Bad"
      ICICI had not offered the affordable interest rate it was extremely high around 17%. They keep on focusing me to submit the documents to process my application but due to high interest rate. I denied to proceed with them. ICICI service and response was prompt I received good follow ups.
      Was this review helpful? 0
      , varanasi
      Reviewed on Dec 13, 2016
    • Axis Bank Personal Loan
      "Best rate in the market"
      0.5 3.0/5 "Satisfactory"
      Axis bank has offered the best rate for me that is why I had chosen Axis bank for the personal loan. The best part about Axis bank is the rate of interest as it too low, there is no foreclosure charges for my personal loan. EMI amount is very much affordable too.
      Was this review helpful? 1
      , varanasi
      Reviewed on Nov 24, 2016
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    Varanasi Personal Loan is Rated as "Great!" by 67 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Varanasi is the one of the oldest cities in the country and world which is constantly inhabited by people.Varanasi is known for its Panchakarma and authentic ayurvedic treatment. There are a large number of ayurvedic treatment centers and clinics in the city.Varanasi is home to a number of beautiful temples. The Kashi Vishwanath Temple is one of the most significant temples in the city. It is visited by millions of people from all over the world every year.The Banaras Hindu University which is situated in the city is known to be the largest residential universities in entire Asia. As the city is visited by millions of people every year, tourism has led to the economic development of the state. Some of the other industries in the city are manufacturers of heavy equipment, copperware, brassware, handicrafts, gold jewelry, rugs, carpets, clay toys and so forth.

    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 Varanasi Personal Loan if you are

    01
    02
    03
    04
    Varanasi Personal Loan Minimum Age

    At least 21 years old

    Varanasi Personal Loan Maximum Age

    Less than 65 years old

    Varanasi Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Varanasi Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Varanasi Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Varanasi Personal Loan Minimum Salary

    Minimum income required
    Rs.17,500 per month

    Varanasi Personal Loan Maximum Loan Funded

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

    Varanasi Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Varanasi Personal Loan amount by these steps

    01
    02
    Varanasi Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Varanasi

    Choose longer tenure loan up to 5 years


    Documentation needed to apply for an Varanasi 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

    Varanasi Personal Loan Interest RatesUpdated on 17 Aug 2017

    Varanasi 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
    Apply for Personal Loan

    Personal Loan in Varanasi

    A city on the banks of the Ganges, Varanasi is a religious hub that is located in Uttar Pradesh. Varanasi has a number of banks that aid the people residing within the city to help them meet their needs and requirements. People in Varanasi apply for personal loans for a number of reasons like renovating your home, marriage in the family or other family functions, purchase of a vehicle or home appliances, medical emergency, etc. A personal loan can be a lifesaver in times of troubles of emergencies. There are a number of personal loan products, like secured and unsecured loans, that are offered by banks in Varanasi. Getting a personal loan is Varanasi is easy and hassle-free.

    Personal Loans Offered by Various Banks in Varanasi

    There are a number of leading banks and NBFCs that offer personal loans to customers who are located all over Varanasi. In addition to providing personal credit, these banks also offer a number of different banking facilities like investment advice, net banking, 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 Varanasi:

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

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

    When an individual applies for a personal loan, there are certain important factor that need to be considered. You will have to take your time and research on a personal loan that is offered at a good interest rate in Varanasi. This interest rate is determined by the lender from whom you wish to borrow the sum of money. An important step to follow is to make sure that you check your credit score before you apply for a personal loan. A credit score of 750 and above is considered to be good and this credit score will help you get a loan at a better interest rate. 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 you are applying for a personal loan is to make sure that you assess your financial requirements before you apply for a personal loan. If you end up borrowing a high amount that you don’t really need, you will have to pay 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.

    Personal Loan Interest Rates in Varanasi 2017

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

    Bank Processing Fee Interest Rate Loan Amount Tenure
    Capital First Up to 1.5% (OTF*) 12%-18% (Fixed) Rs.15 lakhs 1-5 years
    HDBFS 1%-2% (OTF) 13.99%-16.99% Rs.30 lakhs 1-5 years
    Standard Chartered Nil 10.99%-14.49% 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
    Citibank 1% to 2.5% 11.49%-15.99% (Fixed) Rs.30 lakhs 1-5 years
    IndusInd Bank Up to Rs.3,000 (OTF) 11.99%-19% (Fixed) Rs.25 lakhs 1-5 years
    HDFC Bank Up to 2.5% (OTF) 10.99%-19.8% (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
    Aditya Birla Nil 11.5% to 13.25% (Fixed) Rs.30 lakhs 1-5 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
    Fullerton 1.5% to 6% (OTF) 17.25% to 37% (Fixed) Rs.15 lakhs 1-4 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 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
    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
    Canara Bank Rs.1,000 to Rs.5,000 (OTF) 12.75% (Floating) Rs.3 lakhs 5 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
    Dena Bank 1% (OTF) 13%-14% (Fixed) Rs.15,000 to Rs.1 lakh 1-3 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
    Yes Bank Up to 2% (OTF) 14% (Fixed) Rs.20 lakhs 1-5 years
    Union Bank 0.5% (Min. Rs.500) OTF 14.4% (Floating) Rs.5 lakhs Max. 1-5 years
    Tamilnad Mercantile 1% (OTF) 14.30% to 16.30% (Floating) Rs.2 lakhs Max. 1-5 years
    UCO Bank 1% (Min. Rs.750) OTF 11.35% to 11.60% (Fixed) Rs.10 lakhs 5 years

    *OTF – One Time Fee

    Salary Requirements to Avail Personal Loans in Varanasi

    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:

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

    Varanasi Personal Loan FAQs

    1. How long does the bank take to approve an application for a personal loan?

      The time taken for an application to get approved will vary from bank to bank. There are banks that approve an application for a loan within a week and there are some that take 48 hours to do so. A personal loan application generally takes two to seven working days to get approved.

    2. How is a personal loan repaid?

      The repayment of a personal loan can be done in the form of Equated Monthly Instalments (EMIs) made through post-dated cheques in favour of the bank that has sanctioned the loan to you. The amount can get deducted automatically if you have linked your debit account to the loan from where you have taken the loan and also where you hold a savings account.

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

      Yes, there is. Most banks charge a processing fee that ranges from 0.5% to 2.5% of the amount that you wish to borrow, and the fee is generally deducted from the amount that is disbursed to you.

    4. What is the maximum amount that I can avail with a personal loan?

      The lender or the bank shall determine the limit that you can borrow when it comes to taking out a personal loan. There are a number of factors that are considered by the bank when determining the cap on the loan amount that they can disburse. Most banks offer a sum of Rs.25 lakhs to Rs.30 lakhs.

    5. Can I avail the balance transfer facility with my personal loan?

      This is entirely dependent on the bank from which you have borrowed the sum. There are some banks that offer the balance transfer facility if the borrower has made 12 or more EMIs. You can check with the bank if this facility is available at the time of applying for the loan.


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