Personal Loan in Delhi

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Personal loan in Delhi is offered to salaried individuals. A personal loan is an unsecured form of loan and offered by several banks and NBFCs in the city. The capital of India, Delhi is situated in the northern region of the country, bordered by Haryana on the north-west and Uttar Pradesh on the south-east. The city is the most populous among all in the country. It is a union territory; however the political administration is like a full-fledged state.

Personal Loan in Delhi Details Updated on 20th November 2018

Loan Amount

Rs. 1 Lakh to 50 Lakhs

Loan Tenure

1 Year to 5 Years

Interest Rate

10.99% - 16.00%

The Indian capital has its own high court, legislature and an executive council of ministers. It is governed jointly by the local government and federal government of India; however the civic administration is under the Municipal Corporation. Our website, Loanbaba.com will provide you all details about Personal loan Delhi.

About Personal Loan in Delhi

For any urgent requirement of financial resources, the best option is to go for a personal loan as it is quite easy and, quick and convenient. Personal loan is a form of unsecured loan and hence requires less processing time. There is no need of any guarantee for this loan. Loanbaba is your trusted personal loan provider in Delhi, which helps compare funding options from leading providers such as ICICI, Axis and SBI etc.

The lending bank/ NBFC will need your income proofs to access your repaying capacity. Apart from well-known reputed banks, there are various NBFCs (Non Banking Financial Companies) which provide convenient personal loans in Delhi. You can compare personal loans interest rates in Delhi on loanbaba.com.

Feature of Personal Loan in Delhi

  • Lender does not ask for any guarantee or collateral security.
  • There is no change in the rate of interest during the loan tenure even if the market rates fluctuate.
  • Repayment period is flexible which can be extended up to 60 months.
  • One can opt for easy installments through any banking channel like ECS, standing instructions, post dated cheque, etc.

Benefits of Taking a Personal Loan

  • There is no need to reveal the purpose of advance. You can keep it secret as per your choice.
  • If the loan is utilized in construction of new house or renovation of existing property then you can claim tax deduction under section 24B, subject to a condition that you prove that the loan has been utilized for the above said purpose.
  • Documentation requirements are minimal.
  • The processing time is very less. It takes less than 72 hours to disburse the loan however in most of the cases disbursement takes place in the same day.
  • Interest rate is marginally lower than that in credit cards.

Why Apply for Personal Loan Delhi on Loanbaba.com?

At Loanbaba, you can compare and apply for Personal loans online. You can check out several Personal loan schemes and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. We even offer you Personal Loan EMI calculator free-of-cost, through which you can understand the instalment to be paid every month.

You can also quickly apply for Personal Loan online on our website without having to visit the branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Delhi Personal Loan Interest Rates

The personal loan interest rate in Delhi starts at as low as 10.99% and go up to 18% or more depending on the bank/NBFC you choose, your income profile, existing financial liabilities, eligibility factor, credit score, age, etc. On our website, you can compare interest rates offered on the loan across leading financial institutions and get the best offer.

How Do I Get a Personal Loan with the Lowest Interest Rate in Delhi?

Here are some of the ways you can get lowest interest rate personal loans for yourself.

  • Compare interest rates and offers on our website to know the lowest personal loan rates.
  • Maintain a clean record on repayments so that the financial institution readily offers you best interest rate on the loan.
  • Strive to keep your CIBIL score above 750, which is considered as a good credit score for personal loan.
  • Do not default on existing loans otherwise it will be difficult to get personal loan approval or lower rates.
  • Take benefit of seasonal offers by banks and NBFCs, specifically those that offer slashed interest rates.
  • Know if your employer has tie-up with banks for better rates.

Documents Required for Delhi Personal Loan

  1. Salaried individuals
    • Identity card- Aadhar, PAN, driving license, voter Id
    • Address proof- Aadhar, passport, ration card, driving license
    • Salary slips of last 3 months
    • Passport size photographs- 2
    • Last 6 months bank statement in which salary is credited
  2. Self-employed individuals
  • Passport size photographs- 2
  • Identity card- Aadhar, PAN, driving license, voter Id
  • Address proof- Aadhar, passport, ration card, driving license
  • Audited balance sheet and profit and loss statements for last 2 years
  • Business continuity proof for last 5 years along with address proof of the office

Eligibility for Personal Loan in Delhi

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Delhi Personal loan eligibility calculator at Loanbaba.com. The eligibility criteria for Personal loan are discussed below:

  1. Age: 21-60 years for salaried individuals and 25-65 years for self employed.
  2. Income: Minimum Rs. 15,000 for salaried individuals. For self employed turnover should be 15-40 lakh with minimum profit after tax of Rs. 1 lakh for professionals and 2 lakh for proprietorship concern.
  3. Processing charges of 1.5% to 2.5%.

How to Apply for Personal Loan in Delhi on Loanbaba?

You can apply for Personal loan in Delhi with top banks and NBFCs Personal loan at Loanbaba.com.

Personal Loan in Delhi Review


Personal Loan
star star star star star 15.0/5
I had taken a Personal loan in Delhi and thankfully the amount I required was completely approved and disbursed. Excellent work.
Delhi November 17, 2018
Personal Loan
star star star star star 14.0/5
It was a satisfying service, best Personal loan in Delhi.
Delhi November 16, 2018
Personal Loan
star star star star star 13.0/5
I requested for Personal loan in Delhi. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Delhi November 15, 2018
Personal Loan
star star star star star 15.0/5
I have a Personal loan taken in Delhi. The loan disbursement was on time and document procedure was quick. I would say it was a satisfactory experience.
Delhi November 15, 2018

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