® 
Max Tenure
24 to 48 Months.
Best Rate
11% P.A
Processing Fee
2.25%
Features
- 100% Online Process.
- No Foreclosure Charges.
Pricing
- Interest rate: 0.92% P.M.
- Processing fee: Upto 2.25%
Documents Required
- ID Proof.
- Address Proof.
- Bank Account Details with E-Mandate Facility.
Your application will be subjected to Bureau Enquiry.
Max Tenure
6 - 36 Months.
Best Rate
14.04% P.A
Processing Fee
4%
Features
- Lower Interest Rates.
- 100% Online Process.
- Minimal documentation.
Pricing
- Interest rate: 1.17% P.M.
- Processing Fees: From 4%
Documents Required
-
Documents Required - Salaried
- ID Proof.
- Address Proof.
- Income proof (Latest 2 salary slips & Last 3 months'bank statement).
- Form 16/ITR.
Loan Amount
1L
Max Tenure
18 Months.
Best Rate
28% p.a
Processing Fee
2000₹
Features
- Quick loan processing.
- Minimal documentation.
- Min Eligiblity Criteria.
Pricing
- Interest rate - 20% to 30% P.A.
- Processing fee - From 2.5%.
Documents Required
- ID Proof.
- Address Proof.
- Salary slip and appoinment Letter (for amber Customers).
- Income proof (3 Months BS ).
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Max Tenure
2 yrs
Best Rate
18%
Processing Fee
3-4%
Features
- Complete Online Process
- Minimal Documentation
- Faster Disbursal
Pricing
- Processing Fee - 3 to 4 % of Loan Amount
- Interest Rate Starting at - 18%
Documents Required
- Proof of identity and proof od address - (Pan Card and AadharCard)
- Proof of income - Salary Bank Statement
Max Tenure
12-72 Months.
Best Rate
12% P.A.
Processing Fee
1.0%
Features
- Hassle free Process.
- Flexibility of Repayment.
- No end use requirement.
Pricing
- Interest Rate: 0.92% p.m.
- Processing Fee: Upto 2.50%
Documents Required
- Income Proof (Latest 3 salary slips).
Loan Amount
50K
Max Tenure
12 Months.
Best Rate
35.1% p.a
Processing Fee
2.5%
Features
- Minimal Documentation.
- Quick loan processing.
- NTC also allowed for 50 k.
Pricing
- Interest rate - 35% to 37% P.A
- Processing fee - From 2.5%
Documents Required
- ID Proof.
- Address Proof.
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Max Tenure
12 - 60 Months.
Best Rate
12.96% P.A
Processing Fee
2.5%
Features
- Quick loan processing.
- Minimal documentation.
- Affordable Rates & Charges.
Pricing
- Intrest Rate-1.08% p.m.
- Processing Fee - From 2 - 3.5%.
Documents Required
- ID Proof.
- Address proof.
- Income proof (Latest 2 salary slips & Last 3 months'bank statement).
- From 16/ITR.
Max Tenure
3 - 60 Months
Best Rate
16% P.A.
Processing Fee
2% - 5%
Features
- Choice based loan offers available - Bureau Based & Banking Based
- ROI & Tenure will differ basis the loan offer chosen
- Disbursement within 24-28 Hours
- Complete Digital Loan Process
- No Income Documents Required
Pricing
- Interest rate: 1.33% P.M.
- Processing Fee: 2% - 5%
Documents Required
- Proof Of Identity & Proof of Address
- Bureau Based Offer - No Income Documents
- Banking Based Offer - Last 3 Month Bank Statements
Upon applying you provide Incred to pull your bureau Details to check the loan eligibility.
Max Tenure
12-72Months
Best Rate
11.04% P.A.
Processing Fee
3%
Features
- Loan upto 35 Lakhs
- Flexible Tenures upto 6 years
- Faster Loan Process
Pricing
- Interest rate: From 0.92 P.M.
- Processing fee: 1% to 3%
Documents Required
- Last 3 Months Payslips
- Last 6 Months Bank Statements
- Proof Of Identity (Voter ID,Passport,Driving License,Aadhar Card)
- Proof Of Address (Ration Card, Electricity Bill, Passport)
- Proof Of Employment & Ownership - If Required
Loan Amount
1_5L
Max Tenure
36 Months.
Best Rate
Nil*
Processing Fee
Nil*
Features
- Quick loan processing.
- Minimal documentation.
- Min Eligiblity Criteria.
Pricing
- Interest rate - 20% to 36% P.A.
- Processing fee - From 2.5%.
Documents Required
- ID Proof.
- Address Proof.
- Salary slip and appoinment Letter (for amber Customers).
- Income proof (3 Months BS )
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Max Tenure
12 - 72 Months.
Best Rate
11.04% P.A.
Processing Fee
2.50%
Features
- Minimal Documentation.
- Hassle Free Process.
- Quick loan processing.
Pricing
- Interest Rate: 0.92% P.M.
- Processing fee: 2.50%
Documents Required
- ID Proof.
- Address Proof.
- Income Proof(Latest 3 salary slips).
- Last 6 months'bank statement.
- HDFC Bank Grievance Redressal
- To know more about Product features
Max Tenure
2 - 60 months
Best Rate
15.96% P.A.
Processing Fee
2%
Features
- Disbursal in 116 seconds.
- No foreclosure charges
- 100% Online Process
Pricing
- Interest rate: 1.33% P.M.
- Processing fee: From Rs. 399 upto 2% on Loan amount
Documents Required
- ID Proof.
- Address Proof.
- Income proof (Salary slip,bank statement).
By agreeing and accepting the terms and conditions set out herein, you provide your express consent to Social Worth Technologies Private Limited to access the credit bureaus and credit information report and credit score. You also hereby irrevocably and unconditionally consent to the usage of such credit information being provided by credit bureaus.
Max Tenure
12 - 60 Months.
Best Rate
12.96% P.A.
Processing Fee
1%
Features
- Minimal Documentation.
- Quick loan Processing.
- Balance Transfer Facility.
Pricing
- Interest rate: 1.08% P.M.
- Processing fee: From 0.75 - 2%
Documents Required
- ID Proof.
- Address Proof.
- Income proof (Latest 2 salary slips & Last 3 months'bank statement).
Shriram City Union Personal Loan
Loan Amount
75K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Shriram City Union Personal Loan
Loan Amount
20K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Shriram City Union Personal Loan
Loan Amount
35K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Personal Loans in Chandigarh
All major banks and NBFCs offer personal loans in Chandigarh. Popular banks and NBFCs that offer personal loans in Chandigarh include: Axis Bank, Shriram Finance, Bajaj Finance, Fullerton, HDFC Bank, ICICI Bank, IDBI Bank, Citibank, SBI, etc.Personal loans in Chandigarh for salaried, self-employed and business people are available.
Features and Benefits of Personal Loans in Chandigarh
- Low Interest Rates: Lenders in Chandigarh offer low interest rates starting from 7.99% p.a.
- Flexible Loan Tenure: Loan tenures are flexible ranging from 1 to 5 years.
- Loan Amount: High loan amounts
- No end usage restriction except for illegal purposes.
- Processing fees usually go up to 4% of the personal loan amount
- No collateral or security required
- Some banks and NBFCs also provide instant personal loans without additional documents to select pre-approved customers.
- You can check your eligibility online: Most lenders offer the option of checking the eligibility for a personal loan online. Online eligibility check saves you the hassle of personal loan rejection. But, one must also keep in mind that online approval does not guarantee sanction of the loan.
- Get instant online approvals: You can get instant online approvals with many lenders if you have a good relationship with them and also depending on the lender’s policies.
- Get Funds Quickly: Most lenders give instant approval for funds if your credit score is good and you have all the documents in place. Also, the relationship with the lender matters.
Comparison of Personal Loan Interest Rates 2023 In Chandigarh
Bank | Range of Interest rate | Loan Amount | Loan tenure | Range of processing fee |
|---|---|---|---|---|
HDFC Bank | Starting from 10.25% | Upto Rs. 40,00,000 | 1 to 5 years | Up to 2.50% |
Axis Bank | Starting from 10.49% | 4,000,000 | Upto 5 years | 1.5% to 2% of loan amount +GST |
Shriram City Union Personal Loan | 11.49% p.a. to 23% p.a. | Upto Rs.30,00,000 | 1 to 3 years | As per the loan agreement |
Yes Bank | 20.00% - 22.00% | Rs.50K - Rs.2L | 1 to 3 years | 2.50% |
Fibe (Formerly EarlySalary) Personal loans | Starting at 12% p.a. | Upto Rs. 500000 | 3 to 24 months | 2% to 3% of the loan amount |
Faircent Personal loans | 12 to 28% | Rs. 30,000 to 7.5 Lakhs | 6 to 36 months | 6% to 8% of the loan amount plus GST |
Muthoot Personal Loan | 14.5% per annum onwards | Rs. 50,000 to Rs. 10,00000 | 1 to 5 years | 2% to 4% of the loan amount |
Finzy personal loans | Starting at 7.99% | Upto 5,00000 | 6 to 36 months | 2% to 5% |
HDFC Bank Personal Loans in Chandigarh
- Affordable interest rates
- No collateral
- Loans upto Rs. 40 Lakhs
- Customizable tenures upto 5 years
- Affordable processing fees
- Affordable loan insurance
- 24/7 assistance
- Hassle free application process
- You will get the funds in just a few clicks
Axis Bank Personal Loans in Chandigarh
Axis Bank gives personal loans in Chandigarh at low interest rates and flexible repayment tenures.
- No collateral or security required
- High quantum of loans
- Zero prepayment/foreclosure charges
- Multiple repayment options
- Online loan account facility
- Dedicated helpline
Yes Bank Personal Loans in Chandigarh
- Avail instant personal loan
- Speedy approval
- Minimal documentation
- Loan disbursal in 5 easy steps
- Provides hassle-free loans to customers to meet their immediate financial needs.
- Pre Closure option available
- Lucrative interest rates
- Flexibility in repayment options
- Provides you with net banking and mobile banking facilities
- Part pre-payment option post 12 EMIS
Finzy Personal Loans in Chandigarh
- Low-interest rate starting from 7.99% p.a.
- Flexible loan tenure upto 3 years
- Flexible loan amounts ranging from Rs. 50,000 to Rs. 5 Lakhs
- Quick approval and disbursal within 48 hours
- You have the option to sign your loan agreement digitally or physically
- Prepayments without incurring any penalties.
Credit Score For Personal Loans in Chandigarh
Having a good credit score is essential to apply for a personal loan in Chandigarh. Since a personal loan is an unsecured loan that does not require any collateral or security, the credit score is very crucial. If your credit score is high, the chances of loan approval are also high.A credit score of 750 and above is considered good. All lenders would be willing to lend for a credit score of 750 and above. Not only this, you will be eligible for pre approved loan offers, preferential interest rates, and high loan amounts. It is not impossible to get personal loans for bad credit, but there will be very few lenders.
Also, you will land up with very high interest rates and unfavorable loan terms. You will have very few lenders for credit scores in the range of 550 to 650 and absolutely no lenders for credit scores in the range of 500 to 650. It is recommended to improve your credit score before you apply for a personal loan in Chandigarh to improve your chances of getting one.
Don’t worry if your credit score is low, we at CreditMantri can help you improve your credit score with our expert tips and help you get the best personal loans.
Eligibility for a Personal Loan in Chandigarh
- Age criteria: The applicant should be between 21 years to 70 years (at the time of maturity of the loan).
- Salaried, self-employed, and business professionals are qualified to apply. If you do not earn wages regularly, then talk to your bank manager about your situation.
- Credit score: Usually 750 and above can increase the chances of availing a personal loan
- Minimum salary for salaried people: Typically Rs. 15,000. Salaried individuals with an income of 25,000 are preferred by lenders.
- Must be staying in the same address/city for 1 year atleast
- Total work experience should be minimum 2 years
- Should have a stable employment history.
- Minimum income for self-employed individuals: Typically, an annual profit of Rs. 1 lakh to Rs.2 lakh is required for self-employed individuals.
You can check your eligibility for a personal loan in Chandigarh on the lender’s website.
Documents Required For Personal Loans in Chandigarh
For salaried/self-employed professionals:
These are the documents generally asked while applying for a personal loan in Chandigarh:
For Salaried Employees
- Valid Identity Proof - Driving license, Voter ID card, PAN Card (any one document to be submitted), Aadhaar card
- Signed application form with photograph
- Age Proof: Aadhar Card/SSC Certificate/Birth Certificate/Voter ID/PAN Card
- Valid Address Proof – Lease/Rent Agreement, Driving License, Passport, Ration Card, Utility bill (not more than 3 months old), Bank Statement
- Income Proof Documents – Latest Form 16 and last 6 months salary slip
- Bank Statements: Bank statements of past 6 months with salary credit. For those into business and the self-employed, the following might be requested for in addition to documents mentioned above
- Proof of business existence
- Income Tax returns (self and business) for the last 3 years
- Profit /Loss and Balance Sheet, duly attested by a CA for the last 3 years
- Other documents as directed by the NBFC/Bank
How To Apply For Personal Loans in Chandigarh?
1. On CreditMantri
Step 1: Click on ‘Check Eligibility’ for the lender you want to apply. If you want to read more about the loan, click on know more.
Step 2: Fill in details like email ID, Mobile number, city, employment type, residence pin code, and info about any loans that you may have.
Step 3: Tick all check boxes for agreement terms.
Step 4: Click on “Submit”
Step 5: Key in the OTP received on your registered mobile number.
Step 6: Proceed with the rest of the application and your application will be processed instantly
2. Online on the Lender’s Website
Applicants can go to the official website of the lender and apply for the personal loan by following the instructions.3.Offline application
Applicants can walk into the lender’s office or the bank’s branch with all the relevant documents. Ensure that you have already checked the eligibility criteria, features and benefits, charges, and documentation needed, as listed above.How To Get Personal Loans With Low Interest Rates in Chandigarh?
The following factors help in getting personal loans with low interest rates.
Credit score: Banks offer low interest rates for a good credit score. Any credit score above 750 is considered good.
Credit Score Range and Interpretation
Credit rating | Analysis | Interpretation |
|---|---|---|
300-550 | Poor | The credit score has to be improved. Indicates poor creditworthiness. No lenders. Even if you get loans, interest rates will be exorbitantly high. |
550-650 | Fair | The credit score has to be improved. There are very few lenders. Low creditworthiness. High-interest rates. |
650-750 | Good | Better interest rates, most lenders will be willing to lend, fair creditworthiness, but can still work to improve |
750-900 | Excellent | highly creditworthy, preferential interest rates, all lenders available, quick loan approval |
Debt-to-income ratio - When a bank or any lending institution verifies your credit profile, the first thing that they look into is the debt to income ratio. When you avail a loan, it is ideal to have a debt to income ratio less than 40% of your monthly income. If it exceeds this, then you will have to settle for higher interest rates.
Check for special offers: Banks and NBFCs give special offers for select customers based on their credit profile relationship with the bank. So, keep checking for these offers to avail of them.
Negotiate: You can negotiate with lenders, especially if you have taken loans from them in the past and have a good credit history with them, for lower interest rates.
Make Down Payment: If you make a down payment for 20% of the loan amount, then you will get better interest rates on your loan.
Personal Loan Status in Chandigarh
Personal loan applicants in Chandigarh can check the status of their application through various ways - online through the lender’s website, netbanking, calling customer care, and visiting the bank’s branch.
Personal Loan Rejection in Chandigarh
There may be chances that your personal loan application may get rejected. Some of the reasons could be low monthly income, low credit score, inaccurate information, not fulfilling the eligibility criteria set by the lender, etc. Ensure that you are aware of the reasons for personal loan rejection and don’t let it happen.
Personal loan rejection may drastically affect your credit score.Personal Loan Customer Care in Chandigarh
Lenders have a dedicated customer care service to help consumers resolve their queries, raise any issues, or give feedback. Some of the modes through which you can contact customer care include
- Telephone
- Visiting the bank
- Contacting nodal officers
- Mailing the bank
Personal Loan EMI Calculator
The personal loan EMI calculator computes the EMI upon entering the amount, interest rate, and the loan tenure. The EMI gets displayed instantly. Knowing the EMI before taking the loan will help in planning and managing your finances.
Personal Loan in Chandigarh FAQS
1. What is the minimum and maximum loan amount for salaried people?
It depends on various criteria like your net annual income, your repayment behavior, your credit score and credit history. Final approval for your loan amount is at the sole discretion of your lender.
2. Do I have to pledge any collateral in order to secure a personal loan?
No collateral or security is required for obtaining a personal loan in Chandigarh. However, if your credit condition is found to be poor, and you need urgent funds, you might be asked for some form of collateral. Some lenders might ask you for a guarantor of sufficient net worth, apart from asking for collateral.
3. How do I repay the loan?
You can repay the loan amount in convenient EMI (Equated Monthly Instalments).
4. What is an EMI?
EMI stands for Equated Monthly Installment and is the monthly amount you need to pay your lender towards servicing your personal loan—interest included.
5. What are the options through which I can pay my EMIs?
EMI can be paid through the following easy options:
- Through postdated cheques
- Through ECS facility, Standing Instruction to debit your Bank account.
6. What are the 3 major parts of the loan?
All loans consist of three main components - The interest rate, security component, and term.
7. Can I obtain a loan without documents?
Individuals who do not have the correct documents can get a loan from a bank or NBFC with which they have transacted already. You should have had a good credit history with them. This way, you can get a loan with ease as they already have your details and trust you.
Chandigarh Personal Loan - Customer Reviews
SHIVA
Very good
