Personal Loan Delhi

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Personal Loan Delhi

Best Banks for Personal Loan in Delhi

Feature
HDFC Bank
Private Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt

1% - 2.5% of the Loan Amt

0.5% - 2% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes

Personal Loan in Delhi Features

Personal Loan Details
Interest Rate
10.75% to 24% p.a.
Processing Fees 0.5-2.5%
Loan Tenure
1 year to 5 years
Pre-closure Charges 2% - 5%
Guarantor Requirement
No guarantor required

Click here to get an instant personal loan

personal loan delhi

Are you running short on cash? Do not worry Personal Loan is available for you. This loan is less secured in nature with minimal documentation and less paperwork. This loan will get approved within 48 hours after the completion of the verification process.

Personal Loan Delhi is an unsecured loan that provides financial help to customers at affordable interest rates. To avail Personal Loan, an applier needs to have a rigid and good source of income and has a good credit history.

Additionally, there is no end-use limitation on the use of the personal loan amount. You can utilize this loan amount anywhere you desire to do.

Personal Loan in Delhi Interest Rates – Mar 24 2023

To apply for a personal loan in Delhi click on Personal Loan

Name of the Bank Interest Rate Range Processing Fee Range Loan Amount Tenure
Private 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 10.99% to 24% p.a. Up to 2.5% of the loan amount along with GST or service tax Rs.50,000 to Rs.15 lakh 1 to 5 Years
Fullerton India 11.99% to 23.99 p.a. Information not provided. Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals 1 to 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 Information not provided 1.06% of loan amount Information not provided. 1 to 5 Years
Yes Bank 14% p.a. Up to 2% (One-time fee) Rs.2 lakh to Rs.20 lakh 1 to 5 Years
Corporation Bank 12.75% to 13.75% p.a. Up to 1.5% Minimum amount of Rs.500 Up to Rs.3.50 lakh Up to 5 Years

Get low-interest rates

PERSONAL LOAN

Interest Rate 9.99%

+91

Personal Loan Delhi Fees & Charges – Mar 24 2023

Bank Processing Fee
Prepayment Charges
HDFC Bank Personal Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan 0.50% to 1.50% Nil
Private Bank Personal Loan 0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Personal Loan 500/- to 0.50% Nil
Kotak Personal Loan 1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan Nil Nil
Muthoot Personal Loan Nil Nil
Manappauram Personal Loan Nil Nil
PNB Personal Loan 0.70% to 1% Nil
Canara Bank Personal Loan 0.01 Nil
Andhra Bank Personal Loan Nil Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents Required for Personal Loan in Delhi

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one) Passport
PAN Card
Voter’s ID
Aadhar Card
Driving License
Address Proof (Any one)
Passport
Utility Bill (telephone, electricity, water, gas) – less than 2 months old
Aadhaar Card
Driving License
Ration Card
Income Proof
Salary slips (Last 3 months)
Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one
IT returns (for 2 years)
Form 16
Residence Ownership Proof (Any one)
Property documents
Maintenance bill
Electricity bill
Proof of Job Continuity (Any one)
Current employment certificate
Current job appointment letter (if more than 2 years have been spent in the same organisation)
Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)
Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)
Payment Track Record & Sanction letter
Photograph
One coloured passport size photograph

 

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one) Passport
PAN Card
Voter’s ID
Aadhaar Card
Driving License
Address Proof (Any one)
Passport
Aadhaar Card
Driving License
Utility Bill (telephone, water, electricity, gas) – less than 2 months old
Ration Card
Proof of Residence Ownership (Any one)
Property documents
Maintenance bill
Electricity bill
Proof of Office Address and Ownership (Any one)
Maintenance bill
Property documents
Electricity bill
Proof of Business Existence (Any one)
Copy of GST registration
Company registration license
Shop establishment proof
Income Proof
Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant
Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement
Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)
Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)
Payment Track Record and sanction letter
Professional Degree Certificate
In case of professionals
Photograph
One coloured passport size photograph

 

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof Copy of the passport
Copy of the visa
Employment Proof Letter of Appointment
Job contract
Labour/ Identity card (if applicable)
Official email ID or the HR’s email ID
Income Proof Last 6 months’ bank statements
Last 6 months’ salary slips or salary certificate
Photograph Passport size photographs

 

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)
Ration card
Passport
PAN card
Aadhar card
Voter ID card
Driving licence
Birth certificate
School leaving certificate
Address Proof (Any one) Passport
Aadhaar card
Utility bills
Ration card
Driving licence
Income Proof (Any one)
Last 6 months’ bank statements/salary slips
Bank passbook
Form 16
Copy of pension payment order
Income tax returns
Photographs
Passport size photographs

 

Know More About: Personal Loan Eligibility Criteria

PERSONAL LOAN

Interest Rate 9.99%

+91

Personal Loan in Delhi Eligibility Criteria

Click here to check more about personal loan eligibility

Particulars Salaried Self-Employed
Age 21 - 60 years 21 - 65 years
Minimum Income Rs.15,000* Rs.5 Lakh p.a.
Co-applicant Not mandatory Not mandatory
Loan Tenure 12 – 60 months 12 – 60 months
Maximum Loan Amount Rs.40 Lakh Rs.40 Lakh
Employment Type Employees of private limited companies and public sector undertakings
Self-employed individuals
Employment/Business Continuity At least 2 years; minimum 1 year with current employer
4 years Post Qualification experience for Doctors/ Chartered Accountants.
5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score 750 and above 750 and above
Residential Status
Resident Indian staying in own house or a rented house

 

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank Age Limit Minimum Work Experience
Minimum Income (Per Month)
SBI Up to 76 years NA** Rs.15,000
HDFC 21 to 60 years 2 years Rs. 20,000
Private 23 to 58 years 2 to 5 years Rs.17,500
Axis 21 to 60 years NA** Rs.15,000
Kotak Mahindra 22 to 55 years 1 year Rs.25,000
Tata Capital 21 to 58 years 1 year Rs.15,000
IndusInd 21 to 60 years 2 to 5 years Rs.25,000
Ujjivan Small Finance 22 to 58 years NA**
Above the minimum wage limit
India Infoline Finance Limited 25 to 60 years 6 months to 2 years Rs.35,000
HDBFS 21 to 65 years 1 year to 3 years
Rs.15,000 for salaried
Rs.1 lakh p.a. for self-employed
Indian Overseas Bank Up to 58 years NA* Rs.5,000
IDFC First Bank 23 to 68 years 3 years NA*
Federal Bank 21 - 55 Years 3 years Rs.25,000
Punjab National Bank 21 – 58 years 2 years for doctors Rs.15,000
Andhra Bank 21 - 55 years NA** NA*
Canara Bank NA** NA**
Salaried: Rs.6,000 & above
Self-employed - Rs. 1.5 lakh
IDBI Bank Up to 75 years for Pensioners NA** Rs.1.5 lakh p.a.
Fullerton India 21 to 55 years 1 to 2 years Rs.15,000
RBL Bank 25 to 60 years 1 to 3 years Rs.25,000
Bank of Baroda 21 to 60 years 1 year to 2 years
60% of gross monthly income
Deutsche Bank 25 to 60 years NA** Rs.25,000
Karnataka Bank NA** 3 years NA*
United Bank of India up to 75 Years 2 years NA*
UCO Bank 21 to 65 years 1 year to 5 years Rs.20,000

 

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

PERSONAL LOAN

Interest Rate 9.99%

+91

Salaried Applicants

  1. The minimum age requirement of the individual must be 21 years.
  2. The maximum age requirement of the individual is 60 years.
  3. The applicants must have work experience of three years. And the salary must be received in their accounts only.
  4. The applicants must have a good credit history.
  5. The job location of the applicant must be mentioned.
  6.  A borrower must have a minimum income of INR 25,000 per month.

Click here to know more about a personal loan for- Salaried Applicant

Self-Employed Applicants

  1. The minimum age requirement for an individual should be 25 years.
  2. The applicants applying for the personal loan must have the ITR file for the last three years.
  3. If the applicants are the businessman, then the business must be running from the past three years.
  4. The credit score of the individual should be good. There should not be any dues left.
  5. The annual income of the consumers should be a minimum of Rs 2.5 lakh.
  6. The whole documentation process of the personal loan is the applicants have to submit his financial and his bank statement of the previous three months.

Click here to know more about the personal loan for– Self-employed Applicant

Why Apply for a Personal Loan in Delhi?

  1. There is no need to deposit any security to the bank.
  2. A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
  3. The amount of a personal loan depends upon the repayment of individual income.
  4. Personal Loan does not require any security.

How to apply for Personal Loan in Delhi?

  1. Visit www.dialabank.com.
  2. Go to the loan section and tap on the personal loan link.
  3. The candidate will be directed to all details of the personal loan where they can select their preferred city.
  4. For more information and free assistance, you may call on 9878981166.

PERSONAL LOAN

Interest Rate 9.99%

+91

Processing Fees / Prepayment Charges on Personal Loan in Delhi

Every Bank and NBFC charge a processing fee for the application of your Personal Loan. These charges are 1% of the loan amount.

In case you want to foreclose your loan before the agreed loan tenure, every lending foundation charges you a penal prepayment fee. In most cases, you can’t close your loan before 12 months. Post that the charges depend on how many years the loan has done. These charges range from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan EMI Calculator Delhi

Equated Monthly Installments also know as EMI that are the monthly fixed payments that you pay to the bank for the loan amount borrowed.  Based on your profile, the interest rate on your loan is determined. Your EMI can be calculated on the basis of the Interest Rate you are charged by the bank and the amount of loan you have to take and the period for which you enjoy the loan.

CIBIL Score required for Personal Loan Delhi

Every lending foundation has its own criteria for the minimum CIBIL score needed for processing a Personal Loan application in Delhi. Most institutions demand a minimum score of 750 to process your loan application.

The institutions don’t just look at the overall score but also the detailed behaviour on the previous loans that you have taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as an obstacle for availing of a fresh loan.

PERSONAL LOAN

Interest Rate 9.99%

+91

Personal Loan Delhi Agents/Broker

Dialabank is the leading agent/broker for getting a Personal Loan in Delhi. You can apply online at www.dialabank.com or also give a call at 9878981166

Dialabank assists you to find the best option for Banks and NBFCs by providing you with a detailed market comparison of various banks so that you can make the right choice. Visit our website www.dialabank.com and fill a simple form with your details. Our customer relationship managers will contact you.

Personal Loan Delhi Contact Number

Call 9878981166 and get instant help and approval for a Personal Loan in Delhi.

Pre Calculated EMI Table for Personal Loan Delhi

Click here for personal loan EMI calculator

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

About Delhi

personal loan delhi

Delhi formally the National Capital Region of Delhi (NCR), is a city and state of India containing New Delhi, the capital of India. Delhi shares its borders with the state of Haryana on three sides and by Uttar Pradesh to the east. According to the census in  2011, the population of the city Delhi was 11 million (second after Mumbai) and the population of the entire NCR was 16.8 million.

FAQs About Personal Loan Delhi

Who can apply for a Personal Loan in Delhi?

People who have an urgent need for cash and have a regular source of income (from employment or business) can apply for a Personal Loan in Delhi.

What is the tenure of a Personal Loan in Delhi?

Most of the Banks and NBFCs provide a Personal Loan for a minimum loan tenure period of 1 Yr and a maximum period of 5 Years. There are some Banks which enlarge the maximum period to 7 Years also. The tenure is set and cannot be extended. The repayment has to be done in equal monthly instalments within the agreed tenure of the loan.
You can also fill out an inquiry form and apply online at Dialabank’s digital platform for better convenience and personalized assistance.

✅ Are there any other charges involved in a Personal Loan in Delhi?

Yes, there are 2 types of charges that one needs to pay in order to avail a personal loan in Delhi:

Processing Fee: For every bank or lending foundation that you borrow from, there is a fee that they charge from the customer. This is called a Processing Fee. The processing fees vary for each lending institution and is normally 1% of the loan amount.

Pre-closure Charges: Whenever you wish to close a running loan before its agreed tenure period, the Banks and NBFCs charge an additional amount known as pre-closure charges on the borrowed loan amount. Different banks have different pre-closure charges. The pre-closure charges depend on how many years has your loan completed before you decide to pre-close it.