Personal Loan Chandigarh at 10.75% Interest Rate

Best Banks for Personal Loan in Chandigarh

Feature	HDFC Bank	Private Bank	Bajaj Finance
Interest Rate	10.75% - 17%	11.25% - 18.5%	12%
Min Loan Amt	Metro : 75000 & Non Metro: 50000	50000	100000
Max Loan Amt	50 Lacs	50 Lacs	1 Cr
Loan Tenure	1 - 5 Years	1 - 5 Years	1 - 5 Years
Processing Fee	0.25% - 2% of the Loan Amt	1% - 2.5% of the Loan Amt	0.5% - 2% of the Loan Amt
Preclosure Charges	2%, Nil foreclosure charges after 12 months	2%, Nil foreclosure charges after 24 months	Nil
Overdraft Facility	No	No	Yes

Personal Loan Chandigarh Features

Personal Loan Details
Interest Rate	10.75% to 24% p.a.
Processing Fees	0.5-2.5%
Loan Tenure	1 year to 5 years
Pre-closure Charges	2% - 5%
Guarantor Requirement	No guarantor required

Do you need money for purchasing machinery or for renovating your house? Then, here is the solution, you can avail of the personal loan. This is an instant loan that can be provided without pledging any collateral and for your instant needs.

There is flexibility in this loan with regards to the usage of its funds as per your needs. The loan is availed to individuals with good CIBIL scores or reputed credit history.

A personal Loan in Chandigarh is an unsecured loan that provides financial aid to customers at affordable interest rates. To get a Personal Loan, the applicant should have a rigid and good source of income and a good credit history.

Furthermore, there is no end-use restriction on the use of the personal loan amount. Therefore, you can use this loan amount anywhere you want to do.

Personal Loan in Chandigarh Interest Rates –Dec 21 2024

The interest rates in a Personal Loan depend on the company’s profile and a person’s salary. The interest rate of personal Loan starts @10.75% per annum.

Name of the Bank	Interest Rate Range	Processing Fee Range	Loan Amount	Tenure
Private Bank	11.59% - 18.49% (Fixed)	2.25% (min. Rs.1149) One time fee	Rs.20 lakh (Max)	1-5 Years
CitiBank	10.99% - 15.99% (Fixed)	1% to 2.5%	Rs.30 lakh (Max)	1-5 Years
Kotak Mahindra Bank	10.99% to 24% p.a.	Up to 2.5% of the loan amount along with GST or service tax	Rs.50,000 to Rs.15 lakh	1 to 5 Years
Fullerton India	11.99% to 23.99 p.a.	Information not provided.	Up to Rs.20 lakh for salaried and up to Rs.30 lakh for self-employed individuals	1 to 4 Years
Bank of Baroda	11.35% - 14.35%Fixed	Rs.1,000 to Rs.10,000 (One time fee)	Rs.20,000 - Rs.2 lakh	4 Years (Max)
State Bank of India	12.90% - 14.90% (Fixed)	1% (One time fee)	Rs.24,000 - 15 lakh	5 Years
Aditya Birla	11.5% - 13.25% (Fixed)	Nil	Rs.30 lakh (Max)	1-5 Years
Allahabad Bank	Information not provided	1.06% of loan amount	Information not provided.	1 to 5 Years
Yes Bank	14% p.a.	Up to 2% (One-time fee)	Rs.2 lakh to Rs.20 lakh	1 to 5 Years
Corporation Bank	12.75% to 13.75% p.a.	Up to 1.5% Minimum amount of Rs.500	Up to Rs.3.50 lakh	Up to 5 Years

Get low-interest rates

PERSONAL LOAN

Interest Rate 9.99%

Personal Loan Chandigarh Fees & Charges – Dec 21 2024

Bank	Processing Fee	Prepayment Charges
HDFC Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan	0.50% to 1.50%	Nil
Private Bank Personal Loan	0.25% to 1.50%	2%, Nil foreclosure charges after 9 months
SBI Personal Loan	500/- to 0.50%	Nil
Kotak Personal Loan	1% to 2%	2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan	Nil	Nil
Muthoot Personal Loan	Nil	Nil
Manappauram Personal Loan	Nil	Nil
PNB Personal Loan	0.70% to 1%	Nil
Canara Bank Personal Loan	0.01	Nil
Andhra Bank Personal Loan	Nil	Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Documents Required for Personal Loan in Chandigarh

List of Documents Required for Salaried Applicants

Salaried individuals must submit the following documents in addition to a completed personal loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhar Card Driving License
Address Proof (Any one)	Passport Utility Bill (telephone, electricity, water, gas) – less than 2 months old Aadhaar Card Driving License Ration Card
Income Proof	Salary slips (Last 3 months) Bank statements for the last 3 to 6 months (showing salary credit)
Tax Paid (Any one	IT returns (for 2 years) Form 16
Residence Ownership Proof (Any one)	Property documents Maintenance bill Electricity bill
Proof of Job Continuity (Any one)	Current employment certificate Current job appointment letter (if more than 2 years have been spent in the same organisation) Experience certificate (previous employer’s relieving or appointment letter along with job certificate)
Proof of Investment (if any)	Fixed assets, fixed deposit, shares, etc.
Existing Loans (if any)	Payment Track Record & Sanction letter
Photograph	One coloured passport size photograph

List of Documents Required for Self-employed Applicants

Self-employed personal loan applicants must submit the following documents in addition to a fully completed loan application form:

Photo Identity Proof (Any one)	Passport PAN Card Voter’s ID Aadhaar Card Driving License
Address Proof (Any one)	Passport Aadhaar Card Driving License Utility Bill (telephone, water, electricity, gas) – less than 2 months old Ration Card
Proof of Residence Ownership (Any one)	Property documents Maintenance bill Electricity bill
Proof of Office Address and Ownership (Any one)	Maintenance bill Property documents Electricity bill
Proof of Business Existence (Any one)	Copy of GST registration Company registration license Shop establishment proof
Income Proof	Last 2 years Income tax returns of the applicant along with computation of income duly attested by a Chartered Accountant Audited balance sheet and Profit & Loss accounts, including tax audit report, if applicable
Bank statement	Savings/current account bank statement/ bank passbook for the past one year
Proof of Investment (in case any)	Investments such as fixed deposit, fixed assets, shares, etc.
Existing Loans (in case any)	Payment Track Record and sanction letter
Professional Degree Certificate	In case of professionals
Photograph	One coloured passport size photograph

List of Documents Required for NRI Applicants

When applying for a personal loan, NRI candidates are typically required to submit the following documents:

Identity Proof	Copy of the passport Copy of the visa
Employment Proof	Letter of Appointment Job contract Labour/ Identity card (if applicable) Official email ID or the HR’s email ID
Income Proof	Last 6 months’ bank statements Last 6 months’ salary slips or salary certificate
Photograph	Passport size photographs

List of Documents Required for Pensioners

When applying for a personal loan, a pensioner must submit the following documents:

Identity/Age Proof (Any one)	Ration card Passport PAN card Aadhar card Voter ID card Driving licence Birth certificate School leaving certificate
Address Proof (Any one)	Passport Aadhaar card Utility bills Ration card Driving licence
Income Proof (Any one)	Last 6 months’ bank statements/salary slips Bank passbook Form 16 Copy of pension payment order Income tax returns
Photographs	Passport size photographs

Know More About: Personal Loan Eligibility Criteria

PERSONAL LOAN

Interest Rate 9.99%

Personal Loan in Chandigarh Eligibility Criteria

The Personal Loan Eligibility criteria for both Salaried and Self-Employed are different:

Particulars	Salaried	Self-Employed
Age	21 - 60 years	21 - 65 years
Minimum Income	Rs.15,000*	Rs.5 Lakh p.a.
Co-applicant	Not mandatory	Not mandatory
Loan Tenure	12 – 60 months	12 – 60 months
Maximum Loan Amount	Rs.40 Lakh	Rs.40 Lakh
Employment Type	Employees of private limited companies and public sector undertakings	Self-employed individuals
Employment/Business Continuity	At least 2 years; minimum 1 year with current employer	4 years Post Qualification experience for Doctors/ Chartered Accountants. 5 years Post Qualification experience for Company Secretary / Architect.
CIBIL Score	750 and above	750 and above
Residential Status	Resident Indian staying in own house or a rented house

*In cities such as Kochi, Kolkata, Ahmedabad, Pune, Hyderabad, Mumbai, Chennai, Bengaluru, and Delhi the net monthly income required is Rs.20,000

Click here to know more about - Salaried Applicant
Click here to know more about - Self-employed Applicant

*Note: The eligibility criteria vary from lender to lender.

Check Personal Loan Eligibility with Top Lenders in 2021

Bank	Age Limit	Minimum Work Experience	Minimum Income (Per Month)
SBI	Up to 76 years	NA**	Rs.15,000
HDFC	21 to 60 years	2 years	Rs. 20,000
Private	23 to 58 years	2 to 5 years	Rs.17,500
Axis	21 to 60 years	NA**	Rs.15,000
Kotak Mahindra	22 to 55 years	1 year	Rs.25,000
Tata Capital	21 to 58 years	1 year	Rs.15,000
IndusInd	21 to 60 years	2 to 5 years	Rs.25,000
Ujjivan Small Finance	22 to 58 years	NA**	Above the minimum wage limit
India Infoline Finance Limited	25 to 60 years	6 months to 2 years	Rs.35,000
HDBFS	21 to 65 years	1 year to 3 years	Rs.15,000 for salaried Rs.1 lakh p.a. for self-employed
Indian Overseas Bank	Up to 58 years	NA*	Rs.5,000
IDFC First Bank	23 to 68 years	3 years	NA*
Federal Bank	21 - 55 Years	3 years	Rs.25,000
Punjab National Bank	21 – 58 years	2 years for doctors	Rs.15,000
Andhra Bank	21 - 55 years	NA**	NA*
Canara Bank	NA**	NA**	Salaried: Rs.6,000 & above Self-employed - Rs. 1.5 lakh
IDBI Bank	Up to 75 years for Pensioners	NA**	Rs.1.5 lakh p.a.
Fullerton India	21 to 55 years	1 to 2 years	Rs.15,000
RBL Bank	25 to 60 years	1 to 3 years	Rs.25,000
Bank of Baroda	21 to 60 years	1 year to 2 years	60% of gross monthly income
Deutsche Bank	25 to 60 years	NA**	Rs.25,000
Karnataka Bank	NA**	3 years	NA*
United Bank of India	up to 75 Years	2 years	NA*
UCO Bank	21 to 65 years	1 year to 5 years	Rs.20,000

*Personal loan disbursal is solely at the bank’s discretion and as per the bank’s terms and conditions

Learn More about Personal Loan: Click Here

PERSONAL LOAN

Interest Rate 9.99%

Salaried Applicants

The minimum age requirements of the individual are 21 years and a maximum of up to 60 years.
The applicants must have work experience of three years and should receive their salary in their accounts only.
The applicants must have an excellent credit history.
The applicant should mention his job location.
A borrower should have a monthly income exceeding INR 25,000.

Click here to know more about- Personal Loan Salaried Applicant

Self-Employed Applicants

The minimum age requirement for an independent person is 25 years.
The applicants applying for the personal loan should file ITR for the last three years.
If the applicant is a businessman, then the business should be operating for the past three years.
The credit score of the individual applicants should be good enough; there should not be any debt or dues left.
The annual income of the applicants should exceed Rs 2.5 lakh.
The whole documentation process of the personal loan is the applicant must have to submit his financial and his bank statement of the previous three months.

Click here to know more –Personal loan Self-employed Applicant

PERSONAL LOAN

Interest Rate 9.99%

Why Apply for a Personal Loan in Chandigarh?

No need to deposit any collateral with the bank.
A personal loan is a multi-purpose offer loan. It can be used for all the problems related to finance.
The amount of a personal loan depends on the individual’s income.
A Personal Loan does not need any guarantor or nominee.

How to apply for a Personal Loan in Chandigarh?

Visit Dialabank
Go to the loan section and click on the personal loan link.
The applicant will be directed to all personal loan details where they can choose their preferred city.
For more information and free guidance, you may call on 9878981166.

PERSONAL LOAN

Interest Rate 9.99%

Processing Fee / Prepayment Charges on Personal Loan in Chandigarh

Every Bank and NBFC usually charges a fee for processing your Personal Loan application. These charges are 1% of the sanctioned loan amount.

If you wish to foreclose your loan before the agreed loan tenure, every lending institution charges a penal prepayment fee. In most cases, you cannot close your loan before 12 months. Post that, the charges vary depending on how many years the loan has been done. These charges can vary from 4% of the outstanding loan amount in the 2nd year to 2% in the 4th year of the loan.

Personal Loan EMI Calculator Chandigarh

Equated Monthly Installments, also know as EMI, are the monthly fixed charges that you pay to the bank as monthly repayment for the loan amount borrowed. Based on your profile, the interest rate on your loan is determined. Your EMI is calculated basis the Interest Rate the bank charges you, the amount of loan you have to take, and the period you enjoy the loan. The Personal Loan EMI Calculator is as follows:

CIBIL Score required for Personal Loan Chandigarh

Every lending institution has its criteria for the minimum CIBIL score required for processing a Personal Loan application in Chandigarh. However, most institutions require a minimum score of 750 to process your loan application.

The institutions look at the overall score and the detailed behaviour on the previous loans taken. This includes details on the type of loan taken and the amount borrowed. Any delayed payments for previous loans can act as a barrier to your availing of a fresh loan.

PERSONAL LOAN

Interest Rate 9.99%

Personal Loan Chandigarh Agents/Broker

Dialabank is the leading agent for availing of Personal Loan Chandigarh. You can apply online or give a call at 9878981166.

Dialabank helps you find the best option for Banks and NBFCs by giving you a detailed market comparison of different banks to make a perfect choice. Visit our website www.dialabank.com and fill a simple form with your personal and employment details. Our customer relationship managers will soon get in touch with you.

Personal Loan Chandigarh Contact Number

Call 9878981166 and get instant help and approval for Personal Loan Chandigarh.

Pre Calculated EMI Table for Personal Loan Chandigarh

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466

About Chandigarh

Chandigarh, the capital of the northern Indian states of Punjab and Haryana, was designed by the Swiss-French modernist architect Le Corbusier. His buildings include the Capitol Complex with its High Court, Secretariat, Legislative Assembly, and the giant Open Hand Monument. The nearby Rock Garden is a park featuring stone sculptures, recycled ceramics, and industrial relics.

FAQs About Personal Loan Chandigarh

✅ What is a personal loan?

A personal loan is a type of unsecured loan that a person can avail of based upon their monthly income and CIBIL score. The loan amount available can be used for any personal purpose and need.

✅ How to get a Personal Loan in Chandigarh?

To get a personal loan, you either walk into the nearest bank branch with essential documents like Aadhar Card, PAN Card, Salary Slip/Bank Statement, and ITR file of the last three years.

You can also fill out an inquiry form and apply online at Dialabank’s digital platform for better convenience and personalized assistance.

✅ What is the interest rate for a Personal Loan in Chandigarh?

Interest rates for personal loans vary between 10.75% to 18% per annum. The interest rate depends upon your monthly income, CIBIL Score, loan amount, and loan tenure.