Personal Loan Rates 20181649 views
The best personal loan deals are available to help the people of Delhi fulfill their financial needs. Check out the general eligibility criteria and personal loan rates at top banks.
Table of Contents
Top Banks Offering Personal Loan in New Delhi
|Bank Name||Main Branch Address||Rate of Interest|
|State Bank of India (SBI)||Zakir Nagar Main Rd, New Friends Colony, Jogabai Extension, Zakir Nagar, Okhla, New Delhi, Delhi 110025||11.00% - 15.40%|
|HDFC||H - 37, Bali Nagar, Near Sanatan Dharam Mandir, West Delhi, New Delhi, Delhi 110015||11.25% - 21.50%|
|ICICI||9/1614, Gandhi Nagar Main Rd, Block G, Geeta Colony, New Delhi, Delhi 110031||10.99% - 18.49%|
|Axis||K-12, Green Park, New Delhi, Delhi 110016||15.75% - 24.00%|
|Punjab National Bank||Shop No. 6, Scindia House, Atul Grove Road, Janpath, Connaught Place, New Delhi, Delhi 110001||11.30% - 15.05%|
|Bank of India||Jai Singh Marg, Police Colony, Connaught Place, New Delhi, Delhi 110001||12.10% - 14.10%|
|Bank of Baroda||M78B, Khirki Main Rd, Malviya Nagar, New Delhi, Delhi 110017||11.90% - 16.90%|
|Central Bank of India||272, GAUR Marg, Okhla Mandi, Okhla, New Delhi, Delhi 110020||10.85% - 14.35%|
|IDBI Bank||300-307, Ward No. 6, Mercantile Building, Main Fateh Puri Chowk, Chandni Chowk Road, Haveli Haider Kuli, New Delhi, Delhi 110006||12.00% - 14.00%|
Personal Loan Interest Rates in New Delhi
|Interest Rates||10.75% - 25.00%|
|Processing Fee||1%-3% of the loan amount + GST|
|Pre-payment Charges||3%-5% of the principal outstanding + GST|
|Repayment Period||Upto 5 Years|
|Lowest EMI||₹2,204-2,935 (per Lakh)|
Personal Loan Calculator
There is no better medium of knowing your EMIs than using a personal loan EMI Calculator online. That’s Right! This smart tool with its quickest functioning lets you know the exact calculations of your monthly installments in the best way. The moment you feed-Tenure, Interest Rate and Loan Amount on the device, it fetches the values for you in just a few seconds. In fact, you can also know your Interest Outgo and Total Amount Payable towards a loan with the help of using this device.
For your better understanding, below is a table showing the calculations of a loan amount of ₹5 Lakh, taken for a tenure of 5 years at an interest rate of 11% per annum.
Table Showing EMI, Interest Outgo, and Total Repayment Amount
|Loan Amount||Interest Rate||Tenure||Monthly Instalment||Total Interest Amount||Total Amount|
|₹ 5,00,000||11%||1||₹ 44,191||₹ 30,290||₹ 5,30,290|
|₹ 5,00,000||11%||2||₹ 23,304||₹ 59,294||₹ 5,59,294|
|₹ 5,00,000||11%||3||₹ 16,369||₹ 89,297||₹ 5,89,297|
|₹ 5,00,000||11%||4||₹ 12,923||₹ 1,20,293||₹ 6,20,293|
|₹ 5,00,000||11%||5||₹ 10,871||₹ 1,52,273||₹ 6,52,273|
EMI, Total Interest Outgo, Total Repayment (Interest + Principal)
|1||₹ 79,377||₹ 51,077||₹ 4,20,622|
|2||₹ 88,562||₹ 41,892||₹ 3,32,059|
|3||₹ 98,811||₹ 31,643||₹ 2,33,248|
|4||₹ 1,10,245||₹ 20,209||₹ 1,23,003|
|5||₹ 1,23,101||₹ 7452||₹ 0|
Personal Loan Eligibility
The basic eligibility criterion for personal loans is as follows:
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
Age: 24-65 Years
Income: ₹1,80,000-2,00,000 p.a.
Stability in the same Profession: 3 Years
- 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
HDFC Personal Loan Delhi
With the presence of HDFC Bank personal loan in New Delhi, it is easy for you to get a credit in the capital. With many branches available in the city, all you need to do is just find the branch near you to apply for the credit facility. Else, one of the best ways is to apply online, wherein you just need to follow few steps and you are done. The bank offers the loan to the borrowers at an attractive rate, flexible tenure and simple documentation.
About Personal Loan in New Delhi
A personal loan is an unsecured loan which is easy to avail and comes to you with easy documentation. There are many banks and NBFCs that are offering a great combination of low-interest rate and a higher loan amount facility on a personal loan. Since GST is the replacement of all kinds of indirect taxes, the service charges like processing fees (one-time payment) and prepayment charges which are directly dependent on service tax, have increased marginally. From now onwards, you will have to pay the processing fees plus 18% GST rate (standard rate).