Instant Online Personal Loan in Chandigarh

We deliver financial happiness to our customers. 100% Online Process | No Branch Visits | No Hidden Charges | Minimum Documentation Process

Get Personal Loan in |

androif 1

Users Rating (4.5/5)

100K+ Registered User & Every Minutes 30 New User Registration

Group 13954

How it Works!

Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.

Group 12273 1

Group 12261  Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years

Group 12265  Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque

Group 12264  Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation

Top Banks

Offering Lowest Personal Loan Interest Rates in Chandigarh

 

Lenders

Interest Rates

Loan Amount

Tenure

Processing Fee

Apply Online

SBI

9.60% to 13.60% per annum

Up to 15 Lakh

Up to 5 Years

Nil – 1% of the Loan Amount + GST

Apply Now

ICICI 

11.25% to 22.00% per annum

Up to 20 Lakh

Up to 5 Years

Up to 2.25% of loan amount+GST

Apply Now

HDFC

10.75% to 21.30% per annum

Up to 15 Lakh

Up to 5 Years

Up to 2.50% of the loan amount

Apply Now

Axis Bank

12%-24% per annum

Up to 15 Lakh

Up to 5 Years

As applicable by the bank

Apply Now

Kotak Bank

10.99%-24% per annum

Up to Rs.15 Lakh

Up to 5 Years

Upto 2.50% of loan amount + GST

Apply Now

YES Bank

10.99% per annum

Up to Rs.40 Lakh

Up to 5 Years

Up to 2.50% of the loan amount +GST

Apply Now

Tata Capital

10.99% per annum

Up to Rs.25 Lakh

Up to 6 Years

Up to 2.50% of the loan amount+GST

Apply Now

IDFC Bank

As applicable by the bank

Up to Rs.25 Lakh

Up to 5 Years

3.50% of the loan amount

Apply Now

IndusInd Bank

11.25% per annum

Up to Rs.15 Lakh

Up to 5 Years

Up to 2.50% of the loan amount+GST

Apply Now

DCB Bank

10.22% per annum (one year MCLR)

Up to Rs.5 Lakh

Up to 5 Years

2% of the loan amount+GST

Apply Now

Bajaj Finserv

12.99% per annum

Up to Rs.25 Lakh

Up to 5 Years

Up to 4.13% of the loan amount+GST

Apply Now

Aditya Birla Finance

14%-26% per annum

Up to Rs.50 Lakh

Up to 5 Years

Up to 2% of the loan amount+GST

Apply Now

IIFL 

16% per annum

Up to Rs.25 Lakh

Up to 5 Years

Up to 2% of the loan amount+GST

Apply Now

HDB Financials

Up to 36% per annum

Up to Rs.20 Lakh

Up to 5 Years

Up to 2 % of the loan amount

Apply Now

Fullerton India

12.99%-36% per annum

Up to Rs.25 Lakh

Up to 5 Years

Up to 3% of the loan amount

Apply Now

Personal Loan Eligibility in Chandigarh

 

Eligibility Criteria

Salaried

Self-employed

Minimum Age

21

24

Maximum Age

58

65

Minimum Income

Rs.35,000 monthly

Rs.2 lakh(annual)

Credit/Cibil Score

Above 750(out of 900)

Above 750(out of 900)

Minimum Job/Business Stability

1-2 Years

2-3 Years

Minimum Work/Business Experience

1-2 Years

3 Years

Minimum Profit After Tax

NA

Rs.1-2 lakh(annual)

Personal Loan In Chandigarh At A Glance

Particulars

Details

Interest Rates

Starting at 10.99% per annum

Loan Amount

From Rs 1,00,000-Rs.25,00,000

Tenure

Up to 5 Years

Processing Fee

1.50%-2.50% of the loan amount+GST

Minimum Monthly Income

Rs.35,000

Cibil Score

Above 750 (out of 900)

Prepayment/Foreclosure Charges

2%-6% of the principal outstanding +GST

 

Personal Loan in Chandigarh?

A personal loan is a short-term loan which could be used for any legitimate purpose. You won’t be required to pledge any form of collateral or security. It can be used to meet immediate personal expenses with instant approval and disbursal of the loan amount.  A personal loan has several advantages including relatively simple documentation, flexible loan tenures and no restrictions on how you use the money.

 

This loan comes in handy to meet multiple needs such as:  

  • Medical Emergencies
  • Wedding Expenses 
  • Debt Consolidation
  • Home Renovation/Extension
  • Higher Education
  • Travelling Expenses
  • Purchasing High End Consumer Durables Value

How to Apply for Personal Loan in Chandigarh?

Online mode is the easiest way to apply for a personal loan in Chandigarh. The process is really simple, fast yet secure hence allows you to enjoy a hassle-free personal loan journey. The process starts after receiving your online application and soon after your eligibility gets matched with the lender, you would get instant approval and disbursal of the loan amount in your respective bank account. Hence, all your financial needs can easily be fulfilled..  

 

Steps to Apply for Personal Loan in madhurai

Step 1: Fill Loan Query Form

Step 2: Get the Quotes

Step 3: Submit the Required Documents

Step 4: Get Instant Approval & Disbursal

CIBIL Score Required for Personal Loan in Chandigarh

If you are looking for personal loans in Delhi, make sure your cibil score should be above 750 out of 900. Yes, a borrower should always look after his credit score while availing an unsecured loan, especially personal loan. That’s Right! A borrower’s creditworthiness can be best known by his cibil score as then only the lenders will decide whether to offer him the loan or not. The higher score you have, the higher probability of you enjoying the lower personal loan interest rates in Delhi. 

 

Afterall, a good score is a reflection of a borrower’s fair credit history, which means he can be trusted by the lender as far as loan repayment is concerned. A neat and clean credit history indicates that a borrower will not default on a loan based on his previous record hence the lender can take the risk and provide the loan. Thus, it is always advisable to maintain a good score so that availing a personal loan would be a smooth journey for you. 

Minimum Salary Required to Avail Personal Loan in Chandigarh

To enjoy an instant personal loan in Delhi, an individual needs to earn a minimum monthly income of Rs.35,000. Whether you are a salaried or self-employed, make sure that your monthly income should meet the required eligibility criteria. Income is considered to be an important eligibility factor that lenders take into consideration before approving the loan. A higher or good income shows that an individual can manage his monthly expenses well hence would repay the loan without any default. So, make sure you meet the required minimum income criteria and get the loan with a lot of ease.

Personal Loan EMI Calculator

A big confusion is going on in your mind related to EMI? Don’t worry as a personal loan EMI calculator online takes all your worries away. This smart, easy-to-use and secure device lets you know the accurate calculations of your EMIs in the fastest manner. This tool will churn out the values for you, the moment you enter:

    • Loan Amount
    • Tenure
    • Interest Rate

Soon you enter the credentials above, the device with its well-designed algorithms fetches the exact values of not only your monthly installment but Interest Outgo and Total Amount Payable also. Hence, ensures that you take a calculative decision as far as availing a loan is concerned. 

Let’s take the help of an example and understand the functioning of the device below. 

Suppose, a person has taken a loan of Rs. 16 lakh at an interest rate of 16.50% per annum for a tenure of up to 5 years. What would be the exact amount of EMI, he needs to give away to his lender every month? Know by looking at the EMI table below. 

 

 

Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Loan Amount (in Rs.) Interest Rate(per annum) Tenure (in Years) EMI (in Rs.) Total Interest Amount(in Rs.) Total Amount=Principal +Interest (in Rs.)
16,00,000 16.50% 1 1,45,548 1,46,579 17,46,579
16,00,000 16.50% 2 78,724 2,89,370 18,89,370
16,00,000 16.50% 3 56,647 4,39,292 20,39,292
16,00,000 16.50% 4 45,755 5,96,250 21,96,250
16,00,000 16.50% 5 39,335 7,60,114 23,60,114

Table Showing Principal, Interest and Balance Amount

Years Principal (in Rs.) Interest(in Rs.) Balance Amount(in Rs.)
1 Year 2,24,498 2,47,524 13,75,501
2 Years 2,64,474 2,07,548 11,11,027
3 Years 3,11,568 1,60,454 7,99,458
4 Years 3,67,049 1,04,973 4,32,409
5 Years 4,32,942 39,614 0

Personal Loan Fee & Charges

With personal loan comes certain charges like processing fee, prepayment and part payment. Yes, a processing fee is something an applicant needs to pay to the lender at the time of availing the loan. It is a non-refundable and one-time fee that is mandatory of a borrower to pay to the lender. While on the other hand, prepayment and part payment charges are something which an applicant would be paying after opting for them.   

 

Apply for Personal Loan in 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 and Legislative Assembly, as well as the giant Open Hand Monument. The government is a major employer in Chandigarh with three governments having their base here i.e. Chandigarh Administration, Punjab government and Haryana government. A significant percentage of Chandigarh’s population, therefore, consists of people who are either working for one of these governments or have retired from government service, mainly armed forces. And, with a large number of working salaried professionals, Chandigarh is also a city where a list of leading banks and NBFCs are available. Thus, when there is a need of instant funding, availing personal loans in Chandigarh with the help of lenders is quick and easy.  

Feature & Benefit Of Personal Loan

The Best feature and benefit Of a Personal loan 

Instant Approval: Personal loan in Kochi comes with instant approval. Yes, if a borrower is good on eligibility, it is obvious for him/her to expect the personal loan instant approval. Always try to be in a good eligibility shape in order to get instant approval. 

Fastest Disbursals:  With instant approval comes quick disbursal. Soon after approving your credit profile, the next step that lenders do is to give the fastest disbursal. With quick disbursal, one can expect to have the speedy loan amount in the bank account. 

No Collateral/Security: A personal loan in Kochi can easily be availed without any collateral or security. Yes, a borrower doesn’t need to give any sort of security to the lender and can easily avail the required funds. 

Minimal Documentation: A borrower can easily avail this unsecured loan with just minimal documentation. Yes, with basic KYC documents like Identity Proof, Address Proof and Income Proof, availing a personal loan is really simple and quick.   

Multi Purpose Loan: A borrower can avail a personal loan for various reasons. Yes, it is a multi-purpose loan thus comes handy to meet numerous personal needs. 

Hassle-free Process: The process of availing a personal loan is really simple and quick. Within a few minutes, you can expect to have an instant approval followed by a quick disbursal. 

Group 13284

Documents Required For Personal Loan

Mentioned are the personal loan documents for salaried and self-employed.

 

 

Group 13142 Complete Online Application

Fillup the Online loan Application in just 2 minutes

 

Group 13143Provide Identity Proof

Voter id/ Passport/ Driving License / Aadhaar Card

 

Group 13144 Address Proof

Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card

 

Group 13145Bank Statement

Latest 3 Months Bank Statement or Passbook

 

Group 13147Income Proof

For Salaried – Latest 3-month Salary Slip

                    For Self Employed –  ITR and Current Bank Statement of 3 months

Frequently Questions

Group 7917

What is the basic eligibility criteria when applying for a personal loan?

Individuals applying for a personal loan should have a regular or stable income, should have a good credit score, and a balanced debt-to-income ratio.

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. However, a maximum loan amount one can get is Rs.25 lakh-30 lakh.

What is the usual tenure of a personal loan?

Personal loans have tenures ranging between 1 and 5 years.

How do I repay the loan?

You can repay the loan amount in convenient EMI (Equated Monthly Instalments)

What are the options through which I can pay my EMIs?

EMI can be paid through the following easy options:

  • Through post dated cheques
  • Through ECS facility, Standing Instruction to debit your Bank account.

What are the Factors That Can Influence Personal Loan Interest Rates?

These factors include your income, repayment potential, credit score, etc.

.Can I avail a joint personal loan?

Yes you can, provided that person is a close relative or a spouse. By doing so, the income will be much higher, giving you the opportunity to avail a bigger loan.

What is an EMI?

An Equated Monthly Installment (EMI) is a sum of principal and interest payable every month to the lender. Greater the rate of interest, the higher will be the EMI amount and vice-versa.

Stay updated with us on WhatsApp for Great Festival Offer!
WhatsApp Now
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google