Personal Loan in Delhi - Lowest Interest rates from 10.50%
Looking for personal loans in Delhi? Get fast approval with no collateral required. Flexible use of funds for your needs. Compare offers and apply online now.
Personal Loan in Delhi
Delhi, the bustling capital of India, offers diverse personal loan options for salaried and self-employed individuals. With interest rates starting as low as 10.50% per annum, personal loans in Delhi are tailored to meet financial needs such as home renovation, travel, education, medical emergencies, or debt consolidation. Here’s a comprehensive guide to personal loans in Delhi.
Bank Interest rates for Personal Loan in Delhi
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Features of Personal Loans in Delhi
| Feature | Details |
|---|---|
| Loan Amount | ₹50,000 to ₹50,00,000 |
| Interest Rate | Starting from 10.50% per annum |
| Repayment Tenure | 12 to 84 months |
| Processing Time | Approval in as little as 24–48 hours |
| Collateral | Unsecured loan; no guarantor required |
| Prepayment Option | Available with applicable charges |
| Processing Fee | 1% to 2% of the loan amount |
Eligibility Criteria for Personal Loans in Delhi
| Criteria | Details |
|---|---|
| Age | 21 to 65 years |
| Employment Type | Salaried or self-employed |
| Income | Minimum ₹20,000 per month |
| Credit Score | 750+ recommended for the best interest rates |
| Work Experience | Salaried: Minimum 1 year Self-employed: Minimum 3 years |
Documents Required for Personal Loan in Delhi
| Document Type | Examples |
|---|---|
| Identity Proof | Aadhaar, PAN, Passport, Voter ID, Driving License |
| Address Proof | Rent Agreement, Utility Bill, Passport, Aadhaar |
| Income Proof | Salary slips, Bank Statements (last 6 months), or ITR |
| Employment Proof | Offer Letter, Employee ID, or Business Proof |
| Photographs | Recent passport-sized photos |
Benefits of Personal Loans in Delhi
- Quick Approvals: Loan disbursal in 24-48 hours.
- Flexible Repayment: Choose tenure between 12 and 84 months.
- Unsecured Loans: No collateral required.
- Low Interest Rates: Starting at 10.50% per annum.
- Multi-Purpose Use: Funds can be used for various personal or professional needs.
How to Apply for a Personal Loan at Delhi?
Fincover.com is an online marketplace that allows you to compare loan quotes from various banks and NBFCs.
Mentioned-below is the process to apply for a Personal Loan at Fincover.
- Visit /banking/loan/personal/
- Complete the loan application by filling up all the necessary details
- Most popular quotes matching your requirement will be displayed.
- Apply for the bank along with the requested documents and get a reference number. You can then check the status of the application from our dashboard.
- Upon verification and approval, the loan will be disbursed to your account. The whole process takes just a few days, some even hours. The loan processing time varies from bank to bank
FAQs on Personal Loan at Delhi
1. What is the minimum interest rate for personal loans in Delhi?
The interest rate starts at 10.50% per annum, depending on your profile.
2. What is the maximum loan amount I can get?
Loan amounts go up to ₹50,00,000, depending on eligibility and lender policies.
3. Can I prepay my loan in Delhi?
Yes, prepayment is allowed but may include applicable charges.
4. What happens if I miss an EMI?
Missing an EMI may attract late fees and impact your credit score.
5. Do I need a guarantor for a personal loan in Delhi?
No, personal loans are unsecured and do not require a guarantor.
