Apply Personal Loan Online Upto Rs. 25 Lacs
Details on Personal Loan
Personal Loan in Gujarat
Overview of Personal Loan in Gujarat
Personal Loan in Gujarat provides financial backing against any kind of monetary needs without taking any security. So, an unsecured Personal Loan in Gujarat is offered at an attractive interest rate with flexible EMI option for a tenure up to 5 years. With easy Personal Loan in Gujarat, you can avail loan up to Rs. 25,000 to Rs. 25 lakhs depending on the eligibility criteria. Applicants with high CIBIL score and good repaying capacity with no burden of debt to pay can easily avail low interest Personal Loan in Gujarat. But you will be charged a higher interest in case of low cibil score Personal Loan in Gujarat. There are many personal loan providers in Gujarat which offers instant Personal Loan in Gujarat with minimum paperwork and easily approved loan process.
Why you should opt for Personal Loan in Gujarat?
Gujarat is a state in India’s western part, which is rich in agricultural, industrial as well as business sector. The state is also famous for its rich culture, education, energy, infrastructure and also well connected transportation system. Gujarat is also very famous for its tourist spots. Most importantly Gujarat has the lowest unemployment rate thus attracting huge migration. As a result of this high economic condition, people need more money to maintain their lifestyle or meet their financial needs. So, Personal Loans in Gujarat is a one-stop solution to your financial crisis. There are many states in Gujarat which offers easy Personal Loan in Gujarat like- Personal Loan Vadodara Gujarat, Personal Loan Surat Gujarat, Personal Loan Bhavnagar Gujarat, Personal Loan Jamnagar Gujarat, Personal Loan Ahmedabad Gujarat, Personal Loan Ankleshwar Gujarat, Personal Loan in Anand Gujarat.
Here are some important reasons as to why should you opt for Personal Loan in Gujarat-
- With Personal Loan in Gujarat, you can easily resolve the problem of financial needs.
- Your loan experience becomes very hassle free using Online Personal Loan in Gujarat.
- Unsecured Personal Loan in Gujarat does not take any mortgage as security.
- Personal Loan in Gujarat for salaried and Personal Loan in Gujarat for self emloyed helps in meeting the financial needs of the salaried and self employed applicants.
- For Personal Loan in Gujarat, you will be charged a low processing fee with no hidden charges.
Eligibility Criteria for Personal Loan in Gujarat
To avail low interest Personal Loan in Gujarat, you need to meet the eligibility criteria. A high CIBIL score of 750 or above with decent income are the most important eligibility criteria for Personal Loan in Gujarat.
Following are some of the common eligibility which needs to be satisfied to avail Personal Loans in Gujarat-
|
Personal Loan in Gujarat Eligibility Criteria |
Salaried |
Self-Employed |
|
Age |
21 years to 60 years |
25 years to 65 years |
|
Profession |
Working in any private sectors or MNCs, or anygovt organization |
Public or Private ltd. companies, Business Professionals, sole propritership firms, partnership firms, etc. |
|
Income |
Min amount. Rs. 20,000 |
Min Turnover- Rs. 1 crore |
|
Experience of Work |
Minimum of 2 years work experience and minimum 1 year in the present organi |
Continuity of Business for at least of 3 years |
|
CIBIL score |
750 or above |
750 or above |
|
Loan Amount |
Up to Rs. 25 lakhs (may vary as per the banks or NBFCs) |
Up to Rs. 30 lakhs (varies according to the banks and NBFCs) |
Documents required for Personal Loan in Gujarat
Here are the essential documents for Personal Loan in Gujarat-
- Filled Application form for Personal Loan
- Passport size photograph
- Proof of ID- Ration Card, AADHAR Card, PAN Card.
- Proof of Residence- Passport, Driving License, Utility Bills like- Gas or Electricity, Water Bills
-
For Self-Employed
- Balance Sheet as well as Copy of P&L statement of last 2 years
- Verified papers of Memorandum and Articles of Association/Sales Tax Certificate/Trade License/Partnership Deed
- Copy of ITR of last 36 months.
-
For Salaried
- Last 3 months of salary slip.
- Form 16 copy.
- Last 6 months updated bank statement.
Personal Loan Interest Rates in Gujarat of different Financial Institutions
Following is the list of Personal Loan Interest Rates in Gujarat of different banks and NBFCs-
|
Banks |
Loan Tenure |
Interest Rates |
Pre-Closure Charges |
Processing Fees |
|
YES Bank Personal Loan in Gujarat |
1-5 years |
12.49%* |
Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months : No charges. |
2% or 3% of the principal |
|
ICICI Bank Personal Loan in Gujarat |
1-5 years |
11.49%* |
5% of outstanding principal + GST |
Rs. 999* |
|
Axis Bank Personal Loan in Gujarat |
1-5 years |
15.50%* |
NIL |
Up to 2.00% |
|
TATA Capital Personal Loan in Gujarat |
1-6 years |
13.99%* |
4.5% of the outstanding principal. And NIL for the initial 6 months |
Up to 2% |
|
Kotak Mahindra Bank Personal Loan in Gujarat |
1-5 years |
11.50%* |
5% of outstanding principal. |
Up to 2.5% |
|
Aditya Birla Personal Loan in Gujarat |
1-5 years |
11.75%* |
4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months. |
1% of principal. |
|
HDFC Bank Personal Loan in Gujarat |
1-5 years |
10.99%* |
Between 2% to 4% of the outstanding principal. |
Up to 2.50% |
|
IndusInd Bank Personal Loan in Gujarat |
1-5 years |
12.99%* |
4% of outstanding principal |
0.25% to2.50% |
|
Capital first Personal Loan in Gujarat |
1-5 years |
16% |
4% of outstanding |
Up to 2.49% of the loan amount |
|
SBI Personal Loan in Gujarat |
1-5 years |
12.50%*-16.60%* |
3% of the prepaid amount (after 1st EMI) |
Up to 3% of the loan amount |
|
Bajaj Finserv Personal Loan in Gujarat |
1-5 years |
14.75%* |
NIL |
Up to 3% |
|
Fullerton India Loan in Gujarat |
1-5 years |
17.25%* |
4% of outstanding principal. |
Up to 2% |
|
IDFC First Personal Loan in Gujarat |
1-5 years |
10.99%* |
4% of outstanding |
2% – 4% |
|
Indiabulls Personal Loan in Gujarat |
1-5 years |
11.99%* |
5% if less than 6 months. |
Up to 5% |
|
ECL Finance Personal Loan in Gujarat |
1-5 years |
17.50%* |
4% of principal amount outstanding+GST |
Up to 2% of the loan amount |
*Interest rates change time to time.
