Getting a personal loan in Delhi NCR is not a foreign concept to its citizens. The capital city of India has long been a place where people seek success and new opportunities. In a city that is known as the second-most expensive in India, the citizens often look towards getting a personal loan in Delhi to attain financial freedom. An instant personal loan in Delhi provides borrowers with access to funds for any personal or business purpose. With an instant personal loan, borrowers can enjoy competitive interest rates starting at 11.99% p.a., flexible repayment tenures, and more.
Urgent financial needs can arise unexpectedly. During such critical moments, you may find yourself in need of finances. Getting access to immediate funds through an instant personal loan in Delhi through various digital loan lenders in Delhi may help you turn the tables. Some of the general loan details offered by these lenders are given in the table below:
|Loan Amount||Up to 50 Lakhs|
|Interest Rates||From 11.99% p.a|
|Tenure||12 to 60 Months|
|Minimum Salary||₹15,000/- to ₹30,000|
|Processing Fees||Up to 3.5%|
Lenders in Delhi offer attractive interest rates for personal loans. However, the rates vary from one lender to another. An interest rate is given to a borrower based on several factors, such as the loan amount, tenure, their credit history, and more. Let’s take a look at the general personal loan interest rates in Delhi, along with the fees offered by lenders.
|Personal loan Interest rate||11.99% p.a.|
|Processing fee||Up to 3.5%|
|Prepayment charges||Up to 2%|
|Late payment charges||1% - 3%|
|Stamp duty||4% and 6%|
|Cheque bounce charges||₹200 - ₹500|
Like any other state, Delhi has its own share of personal loan providers. Banks, NBFCs, and online lenders operate in Delhi, giving personal loans to its populace. Some of the most popular loan providers in Delhi, along with their rates of interest, are given in the following tables.
Bank personal loan provider in Delhi and their interest rate:
|State Bank of India (SBI)||11.00% p.a onwards|
|HDFC Bank||10.50% p.a onwards|
|Axis Bank||10.49% p.a onwards|
|IndusInd Bank||10.49% p.a onwards|
|Union Bank of India||10.70% p.a onwards|
|Ujjivan Small Finance Bank||11.49% p.a onwards|
Read LessNote- The interest rates mentioned are subject to change. Do visit the website for more information.
Below is a list of the NBFC private financers in Delhi and their rate of interest:
Loan eligibility determines whether you get a loan approval or not. It is important to know the criteria for personal loan eligibility in Delhi.
|Age||21 - 60 years old|
|Credit score||600 above|
|Employment||Must be salaried or self employed|
|Minimum monthly income||₹15,000|
The EMI is an important parameter while planning for a personal loan. Calculating your EMI before availing of a loan is necessary so that you can access your repayment capability. You can calculate your EMI for a personal loan in Delhi by using online EMI calculators. Just enter your loan amont, tenure & interest rate details to check the EMI.
|Year||Month||Principal (A)||Interest (B)||EMI (A+B)||Balance||Loan Paid to Date (%)|
You can also manually calculate the EMI using the formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
EMI is the equated monthly instalment, P is the principal amount, R is the interest rate, and N is the loan tenure.
Having the right documents is necessary to get a personal loan. Here are some of the documents required to get a personal loan in Delhi:
Personal loans are unsecured loans that offer borrowers flexible end uses. In Delhi, you can get a personal loan for any purpose, be it for travel, a wedding, home renovation, or any medical emergency. Here are the different types of loans you can get in Delhi:
You can enjoy various features and benefits from a personal loan in delhi, these are:
Avail any loan amount of up to 50 lakhs.
Enjoy lightning fast approvals within a few days
No collateral is required for personal loans in delhi
Basic and simple documentation required.
Personal loans in delhi offers affordable interest rates
Enjoy tenure of up to 60 months.
Getting a personal loan in Delhi NCR, with a low CIBIL score can be challenging, but possible. Here are a few suggestions on how to get a personal loan with a low CIBIL score:
The availability of many personal loan providers in Delhi may make it difficult for you to choose the right one. Making the right choice requires careful consideration and research. Let’s take a look at a few tips and tricks on how you can make the best choice on personal loans in Delhi.
To apply for a personal loan in Delhi, all you need to do is follow these simple steps on Buddy Loan:
Step 2: Fill out the application form, which includes the loan amount, the tenure in months, and contact details.
Step 3: Fill out the eligibility form and provide:
Step 4: Submit the details & wait for the loan confirmation.
Ready to take next step ?
Search for lenders that offer personal loans for CIBIL defaulters in Delhi.
Yes, you can get a personal loan if your CIBIL score is low although it might be challenging and the interest rate might be high.
Yes, it is possible to get a personal loan without income proof in Delhi from certain lenders. However, interest rates may be higher.
It is not possible to get a personal loan without CIBIL check. However, it is possible to get a loan with a low or no CIBIL score.
Yes, it is possible to get an instant loan in Delhi without documents, but the interest rate will be higher.
Yes, you can get a personal loan with a salary of 15,000. However the loan you will be eligible for will depend on many factors.
You can apply for a personal loan online in Delhi through the Buddy Loan app or Buddy Loan website.
You can apply for a personal loan without CIBIL score from select loan providers in Delhi.
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