Personal Loan Kanpur

The personal loan helps you to fulfill your dreams without worrying about keeping any property or collateral. It helps to make through the raised expenses like your child’s marriage, furnishing your home or a family holiday. Below given are some key features to know before applying for personal loans in Kanpur.

Here are some benefits of personal loan:

  1. A Loan without any collateral or security: These loans are not secured, hence there is no need for any security or the collaterals. It is availed on the customer's income.
  2. Simple Documentation: It is the simplest and the easiest of all loans. The quick access to the loan is due to the simple documentation.
  3. Loan Amount: The loan amount which can be approved in these loans is in the range of Rs. 50,000 to Rs. 20 Lacs.
  4. Quick Loan Approval: The banks avail these loans to the customers in 2 to 3 days. Once the documents are verified, the loans are approved too.
  5. Multipurpose finance: The banks allow these loan amounts to be used for different purposes in daily life.
  6. No Third party involvement: Banks directly pay these loans to the customers.
  7. Hassle free: The online application process has made these loans totally hassle-free.

Eligibility

  1. Are you eligible for these loans? All people are not eligible for these loans. The criteria for being eligible are discussed below.
  2. The types of applicants can be of
  3. Salaried
  4. Self-employed
  5. The different criteria are listed below for both of these categories.

Salaried

  1. Should be of more than 21 years in the age.
  2. The applicant should be earning more than that of Rs 18000 per month.
  3. The work experience should be of at least 3 years.
  4. Should have a salary account.
  5. The credit history should be good.

Salaried People

Parameters

Metro

Tier-2

Tier-3

Tier-4

CitizenShip

Indian

Same as Metro

Same as Metro

Same as Metro

Minimum Age

21 Yrs

Same as Metro

Same as Metro

Same as Metro

Maximum Age

58 / 60 Years at
Loan Maturity

Same as Metro

Same as Metro

Same as Metro

Salary

18,000

12,000

10,000

10,000

Experience

Overall 3 years

Same as Metro

Same as Metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Current Experience

One year

One Year

One Year

One Year

Salary in Cash

Not Applicable

Same as metro

Same as Metro

Same as metro

 

Self Employed People

Parameters

Metro

Tier-2

Tier-3

Tier-3

Citizenship

Indian

Same as Metro

Same as metro

Same as Metro

Minimum Age

25 /28 Yrs

Same as Metro

Same as metro

Same as Metro

Maximum Age

65 Year at the
Loan Maturity

Same as Metro

Same as metro

Same as Metro

ITR required

2.5 lakhs - 3.0 Lakh

Same as Metro

Same as metro

Same as Metro

Residence

Office or Home
should be Owned

Same as Metro

Same as metro

Same as Metro

Telephone / Mobile

Mandatory

Mandatory

Mandatory

Mandatory

Business Stability

Business Should be running
from last 3 years

Same as Metro

Same As metro

Same as Metro

Rate of Interest

Personal Loan Interest Rates - Updated Monday 29 Oct 2018

Banks

CAT A Company

CAT B Company

CAT C & CAT D Company

Pre-Payment Charges

Processing Fees

HDFC Bank

13.00%- Salary Rs. 70000 or above

14.00%- Salary Rs. 70000 or above

16% and above

1.00 % to 4.00 %

2.00% to 2.5%

13.25%- Salary Between 50000 to & 70000

14.25%- Salary Between 50000 to & 70000

14.00%- Salary Between 30000 to & 50000

14.50% - Salary Between 30000 to & 50000

14.00%- Salary Below 30000

14.75%- Salary Below 30000

ICICI Bank

13.00% to 14.00%

13.50% to 15.00%

14.00% to 15.00%

2.00% to 5.00%

2.00%

Fullerton India

17.25% to 22.00%

17.25% to 25.00%

18.00% to 32.00%

NA

2.00%

Bajaj Finserv

13.99% - 16.75%

13.99% - 16.75%

13.99% - 16.75%

N.A.

2.00% - 3.00%

Axis Bank

16.00% to 18.00%

18.00% to 20.00%

18.50% to 22.00%

Special Offers

2.00%

Citibank

16.00%- Salary Upto 30000

17.00%- Salary Upto 30000

17.00%- Salary Upto 30000

3.00%

1.00% to 2.00%

15.00%- Salary above 30000

16.00%- Salary above 30000

16.00%- Salary above 30000

N.A.

N.A.

Standard Chartered Bank

16.00% to 17.00%

17.25% to 18.50%

18.25% to 19.00%

N.A.

N.A.

United Bank Of India

16.00% to 18.00%

16.00% to 18.00%

16.00% to 18.00%

N.A.

N.A.

State Bank of India and Group

16.75% to 21.00% with Guarantor 

16.75% to 21.00 % with Guarantor 

16.75% to 21.00% with Guarantor 

4.00%

2.00% to 3.00%

Kotak Bank

18.00% to 19.00%

18.00% to 19.00%

18.00% to 19.00%

4.00%

2.00%

Corporation Bank

14.50% to 17.00%

14.50% to 17.00%

14.50% to 17.00%

N.A.

1.5% to 5.00%

Andhra Bank

15.75% to 18.75%

15.75% to 18.75%

15.75% to 18.75%

N.A.

2.00% - 3.00%

Bank of Baroda

15.00% to 17.00%

15.00% to 17.00%

15.00% to 17.00%

N.A.

2.00%

ING Vysya

15.00%- Salary Rs. 70000 or above

15.50% to 16.50% Salary Rs. 70000 or above

16.5% to 18.00% Salary Rs. 70000 or above

4.00%

2.00%

Vijaya Bank

16.00% to 18.00%

16.00% to 18.00%

16.00% to 18.00%

N.A.

N.A.

 
Documentations:

The following documents are required

  1. Identity Proof: Aadhar Card, Voter ID, PAN Card, Passport or any other KYC.
  2. Residence Proof: Aadhar Card, Voter Card, any Utility Bill, or the rental agreement.
  3. Proof of Income: ITR of Last 3 years for self-employed and salary slip of last 6 months for employed.

How to avail the lowest personal loan Interest Rates?

  1. Company Profile: The employed people have the benefit of this impact. The banks have been known to the companies from ages because they are also helping them financially. So, banks have categorized these companies in different groups. Therefore the company category can be an impact on the grant of the loans.
  2. Online Comparison: The online comparison of interest rates is also an important fact to get the lowest interest rate. You should compare these.
  3. Negotiate with the lender: If the customer has already taken the loan from the same lender then he can negotiate on the bank interest rates.
  4. Co-borrower: The credit of the co-borrower is also important. The eligibility of the co-borrower is listed below.
  5. If the applicant is self-employed than his/her age should be 25 years at least.
  6. He/she should be filing ITR for last three years at least.
  7. His/her CIBIL score should be good.
  8.  The ITR should be of Rs. 2.5 Lakhs per annum at least.

About Kanpur

Kanpur is the largest city in the state of Uttar Pradesh. Its name is derived from Karnapur (meaning "town of Karna"). Kanpur is also known as the Leather city and also famous for Revolvers made here.

Sub-Areas of Kanpur

The banks and NBFCs are more active in providing the personal loan in Kanpur at the following areas

KIDWAI NAGAR HARSH NAGAR
PANKI KAKADEO
KALYANPUR JAJMAU

                                                      Personal loan