Guwahati, one of the largest city in the state of Assam, is a major riverine port city located along the Brahmaputra River. Talking about the city’s economy, it is hugely dependent on petroleum manufacturing. A lot of people work in this and they require instant funds from time to time. So, a personal loan can become a perfect ally with flexible repayment options. Be it the purchase of a most popular smartphone or fulfilling your wish of travelling with your love on the romantic shores of Barcelona, a personal loan is what you have to look for.
Top Banks Offering Personal Loan in Guwahati
Bank Name | Main Branch Address | Personal Loan Rate of Interest |
---|---|---|
State Bank of India (SBI) | Pan Bazar, Guwahati, Assam- 781001 | 11.00% - 14.00% |
HDFC Bank | HDFC Bank Ltd, Quality Initiative Group, 2nd Floor, Build Well Compound Between Darwin School and NEPPCO Bhawan R G Baruah Road Guwahati, Assam-781005 | 10.75% - 14.50% |
ICICI Bank | ICICI Bank Ltd, Ohio Shopping Complex, Fancy Bazar, M.G.Road, Guwahati, Assam-781001 | 10.75% - 19.00% |
Axis Bank | Administrative Office, Chibber House, 3rd Floor, G S Road, Guwahati. Assam-781 005 | 10.49% - 21.00% |
Punjab National Bank (PNB) | Nilgiri Mansion, Bhangagarh, G S Road,Guwahati, Assam-781005 | 11.40% - 16.95% |
Bank of India | Saikia Commercial Complex, G.S.Road, Srinagar, Guwahati, Assam-781 005 | 10.35% - 14.85% |
Bank of Baroda | G.S. Road, Bhangagarh, Guwahati, Assam-781005 | 10.90% - 18.25% |
Central Bank of India | G.S. Road, Central Bank of India Building, Bhangagarh, Guwahati, Assam-781005 | 12.30% |
IDBI Bank | G.S. Road, Guwahati, Assam-781005 | 10.50% - 13.25% |
Personal Loan Interest Rates in Guwahati
Particulars | Details |
---|---|
Interest Rate | 8.80% - 26.00% |
Processing Fee | 1%-2.50% of the loan amount plus service tax, if any |
Prepayment/Part-payment Charges | 3%-5% of the principal outstanding |
Tenure/Repayment | 1-5 years |
Lowest EMI | ₹ 2,204-2,935 |
Personal Loan EMI Calculator Guwahati
Want to avail a personal loan? If yes, do check your EMIs before saying yes to a lender. And, no other tool is better than a personal loan EMI calculator online to know the exact calculations of your personal loan. This smart tool not only lets you know the accurate calculations of the EMI but also the calculations of Interest and Total Amount Payable are just a click away. You just need to feed-Loan Amount, Tenure and Interest Rate into the device, and the rest it will take care by fetching the exact results for you in just a few seconds.
Take a glance at a table below to know the calculations of ₹4 Lakh, taken for a tenure of 4 years at an interest rate of 13.25% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
Loan Amount | Interest Rate | Tenure | Monthly Instalment | Total Interest Amount | Total Amount |
---|---|---|---|---|---|
₹ 4,00,000 | 13.25% | 1 | ₹ 35,774 | ₹ 29,286 | ₹ 4,29,286 |
₹ 4,00,000 | 13.25% | 2 | ₹ 19,064 | ₹ 57,530 | ₹ 4,57,530 |
₹ 4,00,000 | 13.25% | 3 | ₹ 13,526 | ₹ 86,929 | ₹ 4,86,929 |
₹ 4,00,000 | 13.25% | 4 | ₹ 10,781 | ₹ 1,17,473 | ₹ 5,17,473 |
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
Year | Principal | Interest | Balance Amount |
---|---|---|---|
1 | ₹ 81,181 | ₹ 48,187 | ₹ 3,18,818 |
2 | ₹ 92,615 | ₹ 36,753 | ₹ 2,26,203 |
3 | ₹ 1,05,660 | ₹ 23,708 | ₹ 1,20,542 |
4 | ₹ 1,20,660 | ₹ 8826 | ₹ 0 |
Basic Eligibility Parameters for Personal Loan in Guwahati
Particulars | Salaried | Self-employed |
---|---|---|
Age | You should be atleast 21 years of age at the time of loan application You should not be over 58 years by the time loan is about to mature | You should be atleast 24 years old at the time of loan application The maximum age permitted at the time of loan maturity is 65 years |
Income | A minimum net monthly income of ₹ 20,000 is needed | A minimum net annual income of ₹ 1,00,000 is needed |
Stability | A minimum work experience of 1 year is needed | A 3-year continuation in the same line of business is needed |
Documents Required
- 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