Personal Loan in New Delhi

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.

Top Banks Offering Personal Loan in New Delhi

Bank NameMain Branch AddressRate of Interest
State Bank of India (SBI)Zakir Nagar Main Rd, New Friends Colony, Jogabai Extension, Zakir Nagar, Okhla, New Delhi, Delhi 11002511.45% - 14.90%
HDFCH - 37, Bali Nagar, Near Sanatan Dharam Mandir, West Delhi, New Delhi, Delhi 11001510.75% - 21.45%
ICICI9/1614, Gandhi Nagar Main Rd, Block G, Geeta Colony, New Delhi, Delhi 11003110.99% - 18.49%
AxisK-12, Green Park, New Delhi, Delhi 11001612.00% - 24.00%
Punjab National BankShop No. 6, Scindia House, Atul Grove Road, Janpath, Connaught Place, New Delhi, Delhi 1100019.95% - 13.50%
Bank of IndiaJai Singh Marg, Police Colony, Connaught Place, New Delhi, Delhi 11000111.70% - 13.70%
Bank of BarodaM78B, Khirki Main Rd, Malviya Nagar, New Delhi, Delhi 11001711.40% - 16.40%
Central Bank of India272, GAUR Marg, Okhla Mandi, Okhla, New Delhi, Delhi 11002010.25% - 12.20%
IDBI Bank300-307, Ward No. 6, Mercantile Building, Main Fateh Puri Chowk, Chandni Chowk Road, Haveli Haider Kuli, New Delhi, Delhi 1100069.65% - 14.00%

Personal Loan Interest Rates in New Delhi

Interest Rates9.35% - 33.00%
Processing Fee1%-3% of the loan amount + GST
Pre-payment Charges3%-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 AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
₹ 5,00,00011%1₹ 44,191₹ 30,290₹ 5,30,290
₹ 5,00,00011%2₹ 23,304₹ 59,294₹ 5,59,294
₹ 5,00,00011%3₹ 16,369₹ 89,297₹ 5,89,297
₹ 5,00,00011%4₹ 12,923₹ 1,20,293₹ 6,20,293
₹ 5,00,00011%5₹ 10,871₹ 1,52,273₹ 6,52,273

EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

YearPrincipalInterestBalance Amount
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

Documents Checklist

  • 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

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).

People Also Look For

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  • Personal Loan Interest Rates January 2020
    Bajaj Finserv10.99% - 16.00%
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.99% - 18.40%
    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank11.50% - 18.00%
    Tata Capital10.99% - 18.00%