Personal Loan Rates 20181281 views
Table of Contents
Top Banks Offering Personal Loan in Chandigarh
Let’s take a glance at all the personal loan options available in Chandigarh.
| Bank Name | Main Branch Address | Rate of Interest |
|---|---|---|
| State Bank of India (SBI) | Bank Square, 17C, Sector 17, Chandigarh, 160017 | 10.75% - 15.15% |
| HDFC | Chandigarh Sector 8, Sco 78 - 79 Sector 8 - C, Chandigarh, Union Territory 160008 | 11.25% - 21.25% |
| ICICI | Main Branch, Sector 9, Chandigarh, 160009 | 10.99% - 18.49% |
| Axis | SCO 20-21-22SECTOR 34A, Chandigarh, 160022 | 15.50% - 24.00% |
| Punjab National Bank | SCO. 28 &29, Sector 33D, Chandigarh, 1600020 | 11.25% - 15.00% |
| Bank of India | SCF 23, Sector 20-C, Chandigarh, 160020 | 11.90% - 13.90% |
| Bank of Baroda | SCO 61-62, Bank Square, Madhya Marg, 17B, Sector 17, Chandigarh, 160017 | 11.75% - 16.75% |
| Central Bank of India | SCO 58-59, Bank Square, Sector 17B, Chandigarh, 160017 | 10.25% - 12.50% |
| IDBI Bank | SCO 55-56-57, Sector 8C, Madhya Marg, Sector 8, Chandigarh, 160009 | 12.00% - 14.00% |
Personal Loan Interest Rates in Chandigarh
| Particulars | Details |
|---|---|
| Interest Rates | 10.75% - 25.00% |
| Processing Fee | 1%-2.00% of the loan amount |
| Pre-payment Charges | 3%-5.00% of the principal outstanding |
| Repayment Period | Upto 5 Years |
| Lowest EMI | ₹2,204-2,935 (per Lakh) |
Personal Loan Calculator Chandigarh
Want to know the exact calculation of your personal loan EMIs? If yes, all you need to do is just use a personal loan EMI calculator online. Yes, with the help of this smart and well-designed device, it will be easier for you to know the accurate results of your monthly installments, Interest Outgo and Total Amount Payable.
You just need to feed-Loan Amount, Tenure and Interest Rate into the calculator, and the moment you do so, the tool will start calculating the values and give the results to you in the easiest way. Let’s just take a look at the example below to understand the concept of the same.
Suppose, Aman Verma, a 30-year-old, Sales Manager by profession wants to avail a personal loan of ₹5 Lakh so as to renovate his home. Thus, he has applied for the same online and the best part is that one lender has agreed to offer him the same amount at an interest rate of 12% for a tenure of 5 years. So, let’s find out what would be his EMIs, Interest and Total Amount Payable towards a loan.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
| Loan Amount | Interest Rate | Tenure | Monthly Instalment | Total Interest Amount | Total Amount |
|---|---|---|---|---|---|
| ₹ 5,00,000 | 12% | 1 | ₹ 44,424 | ₹ 33,093 | ₹ 5,33,093 |
| ₹ 5,00,000 | 12% | 2 | ₹ 23,537 | ₹ 64,882 | ₹ 5,64,882 |
| ₹ 5,00,000 | 12% | 3 | ₹ 16,607 | ₹ 97,858 | ₹ 5,97,858 |
| ₹ 5,00,000 | 12% | 4 | ₹ 13,167 | ₹ 1,32,012 | ₹ 6,32,012 |
| ₹ 5,00,000 | 12% | 5 | ₹ 11,122 | ₹ 1,67,333 | ₹ 6,67,333 |
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
| Year | Principal | Interest | Balance Amount |
|---|---|---|---|
| 1 | ₹ 77,645 | ₹ 55,822 | ₹ 4,22,354 |
| 2 | ₹ 87,492 | ₹ 45,974 | ₹ 3,34,862 |
| 3 | ₹ 98,588 | ₹ 34,878 | ₹ 2,36,273 |
| 4 | ₹ 1,11,092 | ₹ 22,374 | ₹ 1,25,181 |
| 5 | ₹ 1,25,291 | ₹ 8285 | ₹ 0 |
Personal Loan Chandigarh Eligibility
Salaried
Age: 21-60 Years
Income: ₹1,44,000-1,80,000 p.a.
Overall Work Experience: 2-3 Years
Work Stability with Current Employer:1 Year
Self-employed
Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in Same Profession: 3 Years
Documents Required for Personal Loan in Chandigarh
- Identity Proof- PAN Card/Voter ID/Driving License/Aadhar Card/Passport
- Address Proof- Utility bill/Passport/Aadhar card/Voter ID
- Income Proof- Latest Salary Slip/ ITR/Form-16
- Bank Statement- Last 3-6 Month Bank Statement
About Personal Loan in Chandigarh
A union territory of India that serves as a capital of Punjab and Haryana, Chandigarh is not only famous for its urban design and architecture but is also known as a financial hub. Yes, this well-planned city serves the best financial services to the people as it has numerous banks and NBFCs. Whenever people of this city are in urgent need of funds, these lenders come to their rescue, providing them the best deal for a personal loan in Chandigarh.
Attractive interest rates, easy repayment option, maximum loan amount, no security, less documentation and last but not the least fastest approval, well we are talking about personal loan. All this and more can only be possible if you go for this product to meet your varied needs. You can get the finance immediately without being involved in a complex loan process. Isn’t it great?
