Personal Loan in Varanasi

Varanasi, a city in Uttar Pradesh, is the spiritual hub of India nested on the banks of the holy Ganges river. It is a major attraction for Hindu pilgrims. It is a city of temples and‌ vivid culture, it is also a well-known hub of weaving industries. The demand for financial services, such as personal loans in Varanasi, has increased due to the growth of small-scale industries and population.

A personal loan in Varanasi can help you reach your financial goals, whether it's growing your business, buying a vehicle, or upgrading your home. You can quickly get an instant personal loan from different banks and NBFCs, starting at only a 10.49% interest rate per annum.

Find the right Varanasi personal loan for you!

Instant Personal Loan In Varanasi - An Overview

A personal loan in Varanasi can offer a helping hand when you require urgent money for growing your business, medical emergencies, house improvements, or wedding costs. The following are the key details regarding personal loans in Varanasi:

Personal Loan Amount Available up to ₹15 Lakhs
Interest Rates 11.99%* p.a. onwards
Loan Type Unsecured Personal Loan
Minimum Salary ₹15,000 per month
Tenure From 6 months to 5 years
Documentation Simple E- Documentation (PAN, Aadhaar, Income proof)
*The interest rates mentioned are dynamic and subject to change based on your credit history and creditworthiness.

Personal Loan Interest Rates in Varanasi

Varanasi Personal loan interest rates may differ based on your income, credit score, and employment status. Lenders will evaluate your current capacity for repayment before extending you a loan. Here’s the breakdown of the fees and interest rates for an instant loan in Varanasi:

Personal Loan Interest Rate Starts at 11.99%* per annum
Processing Fees Charged up to 4% of the loan amount
Loan Repayment Tenure Up to 5 years
Penalty Charges 2% of the due loan due amount
Pre-closure Fees Between 2% to 5%
*The interest rates mentioned are dynamic and subject to change based on your credit history and creditworthiness.

Ready to take the next step? Apply for a Personal loan now!

Top Personal Loan Providers in Varanasi

A financial emergency may arise‌ at any crime. When money is scarce, things might be challenging. This is where Buddy Loan can solve your problem. It connects you with personal loan providers in Varanasi who offer quick, easy personal loans with minimal documentation. Check out the top lenders offering instant personal loans in Varanasi and choose the right one for you!

Top Banks Offering Personal Loans in Varanasi

Find the best banks in Varanasi that can meet your needs for a personal loan. With affordable interest rates and multiple repayment options, you can find the perfect financial assistance that suits your needs.

Personal Loan By Top Banks Interest Rates (p.a.)
SBI Personal Loan 11% onwards
Kotak Personal Loan 10.99% onwards
HDFC Personal Loan 10.50% onwards
PNB Personal Loan 10.40% onwards
Axis Bank Personal Loan 10.49% onwards
ICICI Bank Personal Loan 10.50% onwards

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Note- The interest rates mentioned are subject to change. Do visit the website for more information.

Top NBFCs Offering Personal Loans in Varanasi

Take a look at the finest NBFCs or personal loan providers in Varanasi. These reputable NBFCs instantly approve and disburse loans for immediate cash needs.

Personal Loan by Top NBFCs Interest Rates (p.a.)
Paysense Personal Loan 16.8% onwards
Muthoot Finance Personal Loan 14% onwards
KreditBee Personal Loan 12.24% onwards
Bajaj Finance Personal Loan 11% onwards
Tata Capital Personal Loan 10.99% onwards

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Note- The interest rates mentioned are subject to change. Do visit the website for more information.

Ready to take the next step? Apply for a Personal loan now!

Calculate EMI for a Personal Loan in Varanasi

Calculate your Varanasi personal loan EMI effortlessly using a user-friendly Personal Loan EMI calculator. Input your desired loan amount, interest rate, and repayment period in months, and let the calculator swiftly compute your EMI.

This tool helps you manage your finances, make informed decisions, and seamlessly handle your loan repayments.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Personal Loan Eligibility In Varanasi

Getting a personal loan in Varanasi can aid you in times of a cash crunch. To secure fast approval, it's vital to meet the eligibility requirements for personal loans in Varanasi. Given below are the common eligibility criteria for a personal loan in Varanasi.

You need to be an Indian citizen.

You must be at least 21 years old but not older than 60.

You can be self-employed or a salaried individual.

Your monthly income should be a minimum of ₹15,000.

Having a solid credit score, typically 750 or higher, increases your chances of approval for a personal loan.

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Documents Required for a Personal Loan in Varanasi

To get a personal loan in Varanasi, you must provide the necessary documents to verify your identity, income, etc. Below are the documents needed to avail of a personal loan in Varanasi:

Proof of Identity: These may include Aadhaar card, Passport, Voter ID, or any government-issued official photo ID.

Proof of Address: Valid documents such as utility bills, rental agreements, or other official proofs of residence.

Proof of Income: Supporting evidence like salary slips, bank statements, or income tax returns.

Passport-sized photographs.

Completed Loan Application Form.

Any additional documents as per the specific requirements of the lender.

Ready to take the next step? Apply for a Personal loan now!

Key Features & Benefits of Personal Loans in Varanasi

In Varanasi, personal loans stand out with their special benefits, including rapid approval and competitive interest rates. They give you the power to own your dreams and handle your financial responsibilities intelligently.

Zero Collateral Loans

No need to risk your assets
for a personal loan.

Attractive Interest Rates

The interest rates start at
just 11.99% p.a.

Multipurpose Loan

Use your personal loan
for various requirements.

Flexible Repayment

Choose your preferred
tenure upto 5 years

Fast Approval

Loan approval instantly
after verification

No Charges

No hidden charges
and penalties

Different Types of Personal Loans in Varanasi

There are varieties of personal loans available in Varanasi to satisfy different financial needs. You can find solutions for different needs, such as education, weddings, and more. You can get the following types of personal loans in Varanasi:

Standard Personal Loan: This is a general-purpose loan that can be used for various expenses like medical bills, travel, or debt- consolidation. It doesn't require collateral and offers flexibility in terms of usage.

Personal Loan for Education: Specifically designed to cover education-related expenses, including tuition fees, books, and living costs for students pursuing higher education.

Personal Loan for Medical Expenses: These loans can cover medical bills, surgeries, or other healthcare-related costs. They provide financial support during medical emergencies.

Personal Loan for Weddings: Tailored for wedding expenses, such as venue booking, catering, and other ceremonial costs. They help individuals plan and execute their dream weddings.

Personal Loan for Home Renovation: Ideal for funding home improvement projects such as repairs, remodeling, or expanding living spaces.

Personal Loan for Travel: Geared towards funding vacations, trips, or travel-related expenses. It allows individuals to explore and experience new destinations.

Personal Loan for Debt Consolidation: Designed to combine multiple debts into a single, more manageable loan. They often come with lower interest rates. It simplifies debt repayment.

Personal Loan for Business: For entrepreneurs and small business owners, these loans can provide working capital, cover business expenses, or fund expansions.

Personal Loan for Two-Wheelers: Specifically for purchasing a two-wheeler vehicle, these loans offer convenient repayment terms for easy vehicle ownership.

Personal Loan for Consumer Durable Purchases: Aimed at buying consumer durables like electronics, appliances, or furniture, often with zero or low-interest financing options.

Ready to take the next step? Apply for a Personal loan now!

Tips To Increase Chances of Loan Approval For Your Personal Loan In Varanasi

Securing approval for your personal loan in Varanasi is now more achievable with these valuable guidelines. Follow these steps to increase your chances of obtaining the personal loan you require:

Build a good credit score: Regularly check and maintain a healthy credit score, typically above 750. It will boost your loan eligibility.

Complete documentation: Provide accurate and complete documentation, including proof of identity, address, and income.

Steady source of income: Maintain a stable job or income source, as lenders prefer borrowers with a consistent earning history.

Decent debt-to-income ratio: A lower ratio indicates you can handle more debt.

Appropriate loan amount: Request an amount that aligns with your income and repayment capacity. Over-borrowing may lead to rejection.

Consider a co-applicant or guarantor: Adding a co-applicant with a strong credit history or a guarantor can boost your eligibility.

Avoid multiple loan applications: Submitting simultaneous loan applications can negatively affect your credit score and raise doubts about your financial stability.

Steps to Apply Online For an Instant Personal Loan in Varanasi

Follow these steps to apply for a personal loan in Varanasi on Buddy Loan:

Steps To Apply For a Personal Loan with Buddy Loan

Step 1: - Visit or Download & install the Buddy Loan app (Android or iOS).

Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.

Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option

Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).

Step 5: Enter your work details (Including company name, years of service and Designation)

Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)

Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Take the next step? Apply for a personal loan now!

Frequently Asked Questions

Yes, there are other charges involved in a personal loan in Varanasi, such as processing fees and prepayment penalties.

Yes, your application for a personal loan in Varanasi can get rejected due to your a very low CIBIL score. The lender will consider your CIBIL score, income, employment history, and other factors when deciding whether to approve your loan.

The processing time for a personal loan in Varanasi can vary, but it typically takes 24-48 hours to get approved.

The amount you can borrow when you apply for a personal loan in Varanasi will depend on your CIBIL score, income, and other factors. However, you can typically borrow up to Rs. 15 lakhs.

The interest rate for a personal loan in Varanasi will vary depending on the lender and the terms of the loan. However, the average interest rate is around 11.99% p.a.

No, you do not have to pledge any collateral in order to secure a personal loan in Varanasi.

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