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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.

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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

Banks
Personal Loan Interest Rates 2025
Institution Interest Rates
HDFC Bank 10.85% – 24.00%
Axis Bank 11% – 24.00%
Bandhan Bank 11.90% Onwards
ICICI Bank 10.85% – 16.25%
DBS Bank 10.99% – 24.00%
Bank of Baroda 11.05% – 18.75%
SBI 11.45% – 14.85%
IndusInd Bank 10.49% – 24.00%
Yes Bank 11.25% – 21.00%
Standard Chartered 11.50% – 24.00%
IDFC First 10.99% – 23.99%
Kotak Mahindra Bank 10.99% – 24.00%
PNB 11.40% – 17.95%
Indian Bank 10.90% – 24.00%

NBFCs Interest rates for Personal Loan in Delhi

NBFCs
NBFC Name Interest Rate
InCred Interest Rate 2025 16% – 42%
Finnable Interest Rate 2025 16% – 28%
L&T Finance Interest Rate 2025 11% – 24%
Aditya Birla Interest Rate 2025 10% – 32%
Shriram Finance Interest Rate 2025 11% – 42%
Bajaj Finserv Interest Rate 2025 10.75% – 31%
Piramal Interest Rate 2025 12.99% onwards
Tata Capital Interest Rate 2025 11.99% – 35%
Poonawalla Interest Rate 2025 11.49% – 19%
SMFG Interest Rate 2025 13% – 36%
Axis Finance Interest Rate 2025 13% onwards
Mahindra Finance Interest Rate 2025 12% – 36%
Paysense Interest Rate 2025 16.8% – 33%

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 https://www.fincover.com/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.

Personal Loans by Bank