Personal Loan in Delhi

Delhi, the heart and capital of India, is one of the most vibrant cities with a culmination of diverse culture, tradition and modern aspirations. Delhi is one of the largest metropolitan cities that offers unlimited career opportunities and endless growth prospects.

However, to live in this dynamic city you may face certain financial challenges to meet your personal and financial goals. To overcome these challenges, you may require a Personal Loan in Delhi to ease the situation by availing quick access to funds.

Why Choose a Personal Loan in Delhi via Paisabazaar?

Whether you are planning for a home renovation, dream vacation, wedding, or need to cover unexpected medical expenses. At Paisabazaar, you can check and compare to apply online for a personal loan in Delhi at interest rates starting from 10.50% p.a. with loan amount up to Rs. 40 lakh to meet your financial needs.

Get the Best Personal Loan offers in Delhi

Pre-approved Personal Loans through Paisabazaar

At Paisabazaar, you can explore pre-approved loan offers from its lending partners like Axis bank, Tata Capital, Aditya Birla Capital, Federal Bank, Hero Fincorp and many more, as well as experience end-to-end digital processing with instant approvals with quick disbursals.

Personal Loan Interest Rates in Delhi

Personal loan interest rates in Delhi offered by banks and NBFCs start from 10.50% p.a. However, the interest rates offered are determined on the basis of your credit profile, income, job stability, employer’s profile and lender’s policies.

How to Apply for Personal Loan in Delhi through Paisabazaar?

To apply for personal loan in Delhi through Paisabazaar, follow these simple steps:

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the purpose of loan and desired loan amount

Step 5: Compare from available offers and apply for personal loan that suits you best

Who is Eligible for a Personal Loan in Delhi?

To be eligible for a personal loan in Delhi, applicants need to meet specific criteria defined by banks and NBFCs.

Eligible Entities:

• Salaried employees working with government and public sector undertakings, MNCs and other renowned companies and organizations are eligible
• Self-employed Professionals and Non-professionals are also eligible to apply for Personal Loan in Delhi

Eligibility Criteria:

• Age: 18 – 60 years
• Salary: Minimum Rs 15,000 per month for salaried customers
• Income: Minimum Rs 5 lakh p.a. for self-employed customers
• Credit Score: Preferably 750 and above
• Employment Stability: Minimum 1 year
• Business Continuity: Minimum 3 years of business continuity

Instant Personal Loans in Delhi – Get Quick Disbursal

Are you planning to apply for a personal loan in Delhi? Check, compare and apply online on Paisabazaar to avail funds at ease with hassle-free, paperless, end-to-end digital process.

Features & Benefits of Personal Loan in Delhi

Personal loans in Delhi offer customized loan options from multiple lenders, making it a popular and favourable choice for both salaried individuals and self-employed professionals and non-professionals. Find below the key features and benefits of Personal Loan in Delhi:

• Collateral-free loan
• No end-use restriction
• Interest rate: 10.50% p.a. onwards
• Loan amount:  Up to Rs. 40 lakh, may exceed as per requirements
• Repayment tenure: Up to 5 years
• Processing Fee: Up to 4% of the loan amount
• Minimal documentation and quick disbursals
• Top-up and pre-approved loan offers available for eligible individuals
• End-to-end digital process
• Apply anytime, anywhere

Documents Required for Personal Loan in Delhi

For Salaried:

• Identity Proof: Aadhaar Card, Driving License, Voter ID, Passport, PAN Card
• Address Proof: Aadhaar Card, Voter ID, Passport or Utility Bills (Gas, Water, Electricity)
• Income Proof: Latest Salary Slips, Bank Statements, Form 16, ITR

For Self-employed:

• Passport, Voter ID, Driving License, Aadhaar Card or PAN Card
• Aadhaar Card, Voter ID, Passport or Utility Bills
• Previous Years’ ITR, P&L Statement and Balance Sheet, Bank Statements

FAQs on Personal Loan in Delhi

How can I get an instant personal loan in Delhi?

To get instant personal loan in Delhi you need to check, if you qualify to be a pre-approved customer of a bank or NBFC to avail instant approval and quick funds with no documents check. If not, you can apply online by checking your eligibility, comparing lenders and submitting the documents to get approval and disbursal.

What is the interest rate on personal loans in Delhi?

Personal loan interest rates usually vary from lender to lender based on various factors, such as your credit score, income, employment, loan amount, and tenure. The interest rates offered on Paisabazaar for personal loan in Delhi starts from 10.50% p.a.

Which bank is best for personal loan in Delhi?

To choose the best bank for personal loan solely depends on your requirements and financial profile, as various banks offer personal loans at competitive interest rates.

Can I get a personal loan without a salary slip in Delhi?

Yes, it is possible to get a personal loan without a salary slip but you shall require submitting alternate documents, such as bank statements, ITR, Form 16, employment/offer letter, etc.

What is the minimum CIBIL score for personal loan in Delhi?

The minimum CIBIL score required for a personal loan shall depend on the lender’s eligibility criteria. However, a typical score of 750 or above is largely preferred by most of the lending banks and NBFCs.

Is it safe to apply for a personal loan online in Delhi?

Yes, it is safe to apply for a personal loan online but still you will have to remain cautious and take precautions while applying. You should always apply through trusted web platforms like Paisabazaar and other Fintech lenders or through official websites of banks, NBFCs, or other registered lending institutions