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Personal Loan in Delhi

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Personal Loan in Delhi - Rate Tenure & Key Features 2026

  • Loan amount: Up to Rs. 40 lakh, may go up to Rs. 50 lakh
  • Interest rate in Delhi: Starting from 9.99% per annum
  • Tenure of the loan: Up to 5 years
  • Processing fees charged: Up to 4% of the loan amount
  • Minimum salary required: Rs. 15,000 per month (varies by lender)
  • Minimum credit score required: 760+ (preferable)

Top Banks & NBFCs Offering Personal Loan in Delhi

Private Banks

Private Bank Loan Amount (maximum) Interest Rate(% p.a.) Tenure Processing Fees
HDFC Personal Loan Rs. 50 lakh Starting at 9.99 60 months Up to Rs. 6,500
ICICI Personal Loan Rs. 50 lakh Starting at 9.99 72 months Up to 2%
Axis Personal Loan Rs. 40 lakh Starting at 9.99 84 months Up to 2%
Kotak Personal Loan Rs. 1 crore Starting at 10.99 72 months Up to 5%

NBFCs & Fintechs

NBFCs & Fintechs Loan Amount (maximum) Interest Rate(% p.a.) Tenure Processing Fees
Muthoot Personal Loan Rs. 20 lakh Starting from 13.5 72 months
KreditBee Loan Rs. 10 lakh 12-28.5 60 months Up to 5.1%
Tata Capital Personal Loan Rs. 40 lakh Starting from 9.99 84 months Up to 2%
Bajaj Personal Loan Rs. 1 crore Starting from 10.99 72 months Up to 5%

Government Banks

Government Bank Loan Amount (maximum) Interest Rate(% p.a.) Tenure Processing Fees
SBI Personal Loan Rs. 50 lakh 10.00-15.00 84 months Up to 1.50% of the loan amount
PNB Personal Loan Rs. 20 lakh 10.25-16.80 72 months Up to 1%
BOB Personal Loan Rs. 20 lakh 10.15-18.00 84 months Up to 2% (Max. Rs. 10,000)
Canara Personal Loan Rs. 50 lakh 9.70-15.15 84 months Up to 0.25% (Rs. 500 - Rs. 2,500)

Personal Loan Interest Rate in Delhi

Delhi personal loan interest rate starts from 9.99% onwards. To get the best interest rate on your personal loan, follow the tips mentioned below:

  • Maintain a healthy credit score (760 above)
  • Keep your debt-to-income ratio within the lender’s preferred limit
  • Compare loan offers across lenders in Delhi

How Can You Use a Personal Loan in Delhi?

You can use a personal loan for different financial needs. Here are the most common purposes people are using personal loan in delhi:

Purpose Best For Typical Amount
Personal Loan for Wedding Marriage expenses, catering, venue Rs. 2L – Rs. 25L
Personal Loan for Medical Hospital bills, surgery, treatment Rs. 50K – Rs. 20L
Travel Loan Domestic or international trips Rs. 50K – Rs. 5L
Loan for Home Renovation Interior work, repairs, furnishing Rs. 1L – Rs. 25L
Personal Loan for Education Short courses, certifications, exams Rs. 50K – Rs. 5L
Debt Consolidation Loan Pay off multiple debts at lower rate Rs. 1L – Rs. 20L

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Personal Loan Eligibility in Delhi

To be eligible for a personal loan in Delhi, individuals must qualify for the set criteria of a lender. The common eligibility criteria for most lenders are:

  • Age: Must be at least 21 years at the time of loan application & at max 65 years at the time of loan maturity.
  • Credit score: Preferably 760+, with a strong credit profile
  • Income: Minimum Rs. 15,000 (may vary across lenders and the loan amount)
  • Employment: Minimum a year in the current job in a reputed company
  • EMI/NMI Ratio (FOIR): 50-55% of the income

Calculate Your Personal Loan Eligibility

How Your Credit Score Can Affect Personal Loan Rates in Delhi

CIBIL Score Likely Approval Chances Interest Impact
750+ Excellent Lowest rates
700–749 Good Competitive
650–699 Moderate Higher interest
Below 650 Difficult Limited lender options

Personal Loan EMI Calculator for Delhi Residents

Personal loan EMI calculators can help Delhi residents estimate their EMIs before applying for a loan. By trying different combinations of the loan tenure, loan amount and the interest rate, borrowers can decide which combination works the best for them based on their repayment capacity and apply for a personal loan in Delhi accordingly.

Paisabazaar offers a free online personal loan emi calculator which can be used by simply putting in the loan amount, loan tenure and interest rate of the loan.

How Much EMI Can Different Salary Brackets Afford in Delhi?

Monthly Salary Maximum EMI Range Typically Preferred by Lenders Estimated Personal Loan Eligibility*
Personal Loan for 25000 Salary Up to Rs. 13,000–14,000 Rs. 2–3 lakh
Personal Loan for 50,000 Salary Up to Rs. 26,000–28,000 Rs. 5–8 lakh
Personal Loan for 80,000 Salary Up to Rs. 38,000–41,000 Rs. 9–13 lakh
Personal Loan for 1,00,000 Salary Up to Rs. 50,000–55,000 Rs. 12–18 lakh
Personal Loan for 1,50,000 Salary Up to Rs. 75,000–82,000 Rs. 20–30 lakh

*Estimated eligibility can vary based on:

  • Existing EMIs
  • Credit score
  • Employer profile
  • Loan tenure
  • Interest rate
  • Monthly obligations and rent in cities like Delhi

Instant Personal Loan in Delhi — Same Day Disbursement

  • Individuals with excellent credit scores may also qualify for pre-approved instant loans in Delhi.
  • Before applying for a personal loan, Delhi residents can check with their banks for pre-approved personal loans.
  • These instant loans are disbursed instantly without much hassle.
  • A good option for instances where quick funds are needed.

Paisabazaar offers pre-approved personal loans to applicants with a strong credit profile and high repayment capacity.

Personal Loan for Delhi Government Employees

Most lenders in India provide personal loans to government employees with multiple benefits. One of the most important benefits is the highly competitive interest rate owing to their stable income and employment profile. Delhi government employees can apply for these loans to get quick funds to meet their financial needs.

XPRESS Personal Loan For Govt Employees by HDFC

  • Collateral free loan
  • Tenure up to 7 years
  • Approval in as little as 4 hours
  • No physical documents required

Personal Loan Under Special Retail Lending Scheme for Government Employees by Union Bank of India

  • Loan amount up to Rs. 25 lakh
  • Tenure up to 7 years
  • Attractive interest rates
  • No collateral needed

Personal Loan for Government Employees by Kotak Mahindra Bank

  • Loan amount up to Rs. 35 lakh
  • Tenure up to 6 years
  • Competitive interest rate
  • Fast and easy approval

Documents Required for Personal Loan in Delhi

Lenders require multiple documents from applicants to verify their authenticity of income and identity. A few of the commonly asked documents are mentioned below:

  • Aadhaar Card, Voter ID, Driving License, PAN Card, Passport for verify identity
  • Aadhaar Card, Driving License, Ration Card, Passport, Utility Bills, etc. to verify address
  • Last 6 months’ salary slips, bank statement, etc to verify income for salaried individuals
  • Last 2 years’ ITR, P&L statement, etc. to verify income for self-employed
  • Documents verifying employment such as ID car, appointment letter, etc.
  • Business proof document for self-employed

Personal Loan for Self-Employed in Delhi

Self-employed professionals in Delhi can also apply for a personal loan on Paisabazaar. However, the eligibility criteria may be a little different from salaried individuals. Borrowers can visit the Paisabazaar Personal Loan Eligibility Calculator page to understand their eligibility for a personal loan in Delhi.

FAQs

Which bank gives the best personal loan in Delhi in 2026?

Paisabazaar helps borrowers get the best personal loans in Delhi in 2026. At Paisabazaar, borrowers get attractive interest rates, flexible tenure and easy documentation. 

What is the minimum salary for a personal loan in Delhi?

The minimum salary required for a personal loan in Delhi is Rs. 15,000 p.m. However, this may vary across lenders and the loan amount you are applying for.

Can I get an instant personal loan in Delhi today?

Yes, if you qualify for a pre-approved loan, you can get an instant personal loan in Delhi today.

Is personal loan available for Delhi government employees?

Yes, most lenders offer personal loans to Delhi government employees.

How to apply for a personal loan in Delhi online?

To apply for a personal loan in Delhi, borrowers can visit the Paisabazaar app and head to the personal loan section. Fill in the required details, compare offers and apply for the best one as per their requirement.  

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

Yes, you can get a personal loan in Delhi without a salary slip. If you do not have a salary slip, you may be required to provide additional documents to verify your income. 

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Sushmita Mishra profile
Written ByLinkedIn icon
Sushmita Mishra
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh
Disclaimer

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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