Personal Loan Interest Rates of Top Banks/NBFCs in Jamshedpur
| Banks/NBFCs | Interest Rates(p.a.) | |
| HDFC Bank | 10.50% onwards | Apply Now |
| SBI | 11.00%-15.00% | |
| ICICI Bank | 10.75% onwards | Apply Now |
| Axis Bank | 10.49% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
Note: Interest rates as of 31st March 2023
Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Features of Personal Loans
Personal loans are unsecured in nature and come with a variety of benefits such as minimal documentation, flexible repayment tenures and end-use. Mentioned below are some key features of personal loans:
- Maximum personal loan amount is up to Rs 40 lakh
- Personal loan interest rates start from as low as 10.49% p.a.
- Most lenders offer personal loans for up to 5 years and some lenders for up to 7 years
- Personal loans can be used for various purposes such as travel, medical treatment, marriage, house renovation, etc.
- Some lenders offer pre-approved personal loans to their existing select customers having good profile
- Personal loans are collateral-free
- Some lenders offer instant personal loans to their select pre-approved customers without asking for additional documentation
- Personal loan processing fee ranges between 0.5% to 4% of the loan amount
Income Requirements for Personal Loan in Jamshedpur
The minimum income criteria for personal loan for salaried individuals is Rs 15,000 p.m. and can be higher for some lenders.
Eligibility for Availing Personal Loans in Jamshedpur
The personal loan eligibility criteria for top lenders offering personal loans in Jamshedpur may differ from one lender to another. Here are some of the common eligibility parameters required to fulfill to get their personal loan application approved in Jamshedpur:
- Minimum Age: 21 years
- Nationality: Indian
- Having credit scores of 750 and above can increase the chances of availing personal loan
- Job Profile: employees of private & public sector companies, Salaried doctors, employees of Government sector/Central/Local bodies/Public Sector Undertakings, self-employed non-professionals and self-employed professionals
Documents Required for Availing Personal Loans in Jamshedpur
The personal loan documents required may vary from one lender to another. Some common documents required for availing personal loan in Jamshedpur are mentioned below:
- Application form with photograph
- Identity Proof- Aadhaar Card/Voter ID/ PAN Card/Passport/Driving License
- Age Proof- Aadhar Card/Birth Certificate/ Voter ID/PAN Card/SSC Certificate
- Address Proof- Driving License/Aadhar Card/Voter ID/ Passport/copy of ration card /electricity bills/gas connection bills
- Salary slips of last 3 months
- Bank account statement of the applicant for the last 6 months
- Form 16/Income tax return for the past 3 years