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Personal Loan in Ahmedabad Up to 40 Lakh
Enjoy attractive interest rates starting at 10.49% p.a. with flexible EMI options
Personal Loan in Ahmedabad
Ahmedabad is the largest city in Gujarat and a major IT hub of India. The city has a rich history and culture, and is famous for its textile industry. If you are living in Ahmedabad and need some extra cash for your personal or professional needs, you can apply for a personal loan from various banks and NBFCs.
A personal loan is an unsecured loan that does not require any collateral or guarantor. You can use it for any legal purpose, such as education, travel, wedding, medical, etc. In this blog post, we will tell you how to get the best personal loan in Ahmedabad, with low interest rates, flexible tenure, and quick disbursal..
Purpose of taking Personal Loan in Ahmedabad
- Home renovation: You can use a personal loan to give your home a makeover, repair damages, buy new furniture, or install new appliances.
- Medical emergency: You can use a personal loan to cover the cost of hospitalization, surgery, medicines, or any other medical expenses that are not covered by your insurance.
- Wedding: You can use a personal loan to plan your dream wedding, book a venue, hire a caterer, buy jewellery, or go for a honeymoon.
- Travel: You can use a personal loan to fund your domestic or international travel, book flights, hotels, or tour packages, or enjoy your vacation.
- Education: You can use a personal loan to pay for your own or your child’s education, whether it is school, college, or higher studies. You can also use it to cover the cost of coaching, books, or other educational expenses.
- Business: You can use a personal loan to start or expand your business, buy equipment, inventory, or raw materials, or meet your working capital needs.
Apply Now for 50 lakh Personal Loan
Personal Loan Interest Rates of Top Banks
The interest rate of personal loan in Ahmedabad ranges from 10.49% to 40% per annum but it depends on multiple factors. These factors are individual income, credit score, loan amount, loan tenure and lender policy.
If your credit score is very good then you get a lower interest rate and if your credit score is bad then you will get a loan at high interest rates. Therefore you should compare the interest rates and other charges of different loan providers before applying for a personal loan.
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Banks | Interest Rate (p.a.) | |
Axis Bank | 10.49% onwards | |
IndusInd Bank | 10.49% onwards | |
IDFC First Bank | 10.75% onwards | |
HDFC Bank | 10.50% onwards | |
ICICI Bank | 10.65% onwards | |
Kotak Mahindra Bank | 10.99% onwards |
Note: The interest rates not always fixed can be changed according to borrowers profile, lenders policy and RBI guidelines. Please check the lender’s website carefully before applying for a personal loan.
If you want a Personal loan quickly then you can apply through these instant personal loan apps in Ahmedabad. These apps provide you with a loan up to 5 lakh.
Personal Loan Interest Rates of Top NBFCs
NBFC | Interest Rate (p.a.) | |
Tata Capital | 10.99% onwards | |
Bajaj Finserv | 11.00% onwards | |
Bankbazaar | 8.90% onwards | |
NAVI | 9.90% onwards | |
DMI Finance | 12.00% – 40.00% |
Note: The interest rates not always fixed can be changed according to borrowers profile, lenders policy and RBI guidelines. Please check the lender’s website carefully before applying for a personal loan.
Apply Now for 10 lakh Personal loan
Features & Benefits of Personal Loan in Ahmedabad
Apply for a Personal Loan in Ahmedabad
If you want to apply for a personal loan in Ahmedabad then you can apply here to get your required amount easily. To apply for a personal loan you need to follow below simple steps:
You should compare the interest rates, fees, features, and benefits of different lenders and choose the one that suits your needs and budget.
You should check your eligibility for the loan amount and tenure that you want and see if you meet the lender’s criteria.
You can visit the lender’s website or app and fill the online application form with your personal, professional, and financial details. You can also upload the required documents and submit the form.
You will get an instant approval or rejection based on your eligibility and credit score. If approved, you will get a loan offer with the loan amount, interest rate, and tenure.
You can accept the loan offer and sign the loan agreement online or offline. You may also need to provide a post-dated cheque or an ECS mandate for the repayment of the loan.
You will get the loan amount credited to your bank account within 24 hours* of approval.
Eligibility Criteria for taking Personal Loan in Ahmedabad
Age
Income
Employment
Credit Score
| Criteria | Eligibility for Salaried Employees | Eligibility for Self-Employed |
|---|---|---|
Resident Indian | Yes | Yes |
Age | 21 - 60 years | 21 - 65 years |
Employment | Public/Private sector companies, salaried doctors | Self-employed professionals/non-professionals, business owners |
Income | Minimum Rs 15,000 per month | Minimum Rs 2 lakh per annum |
Credit score | 650 and above | 650 and above |
Business vintage | NA | Minimum 3 years |
Documents Required for Personal Loan in Ahmedabad
| Documents | Salaried Employees | Self-Employed |
|---|---|---|
Application form | Yes | Yes |
ID proof | Aadhaar/PAN/Passport/Voter ID/Driving License | Aadhaar/PAN/Passport/Voter ID/Driving License |
Address proof | Aadhaar/Passport/Voter ID/Driving License/Utility bill/Rent agreement | Aadhaar/Passport/Voter ID/Driving License/Utility bill/Rent agreement |
Income proof | Salary slips/Bank statements/ITR | Bank statements/ITR/Audited financials |
Photographs | Yes | Yes |
EMI Calculator for Personal loan in Ahmedabad
A personal loan EMI calculator is a tool that helps you calculate your monthly installment or EMI for a personal loan. You can use this personal loan EMI calculator to plan your budget and repayment strategy.
Minimum Salary to get Personal Loan in Ahmedabad
The minimum salary to get a personal loan in Ahmedabad varies from lender to lender and depends on your location, credit score, and other factors. Generally, the minimum salary to get a personal loan in Ahmedabad is Rs 15,000 per month, which may be higher for some lenders or locations. You should check the income requirements of the lender before applying for a personal loan.
Apply Now for 2 lakh personal loan
Check CIBIL Score to Get Personal Loan in Ahmedabad
To get a personal loan in Ahmedabad, you need a minimum CIBIL score of 650. A higher score can help you get a lower interest rate and a higher loan amount. You can check your CIBIL score online for free using a CIBIL score checker.
Conclusion
To finance your personal and professional goals, a personal loan in Ahmedabad can be a smart option. However, you should also be aware of the interest rate, fees, charges, and terms and conditions of the loan.
Compare all lenders and choose one option that offers you the best deal. Check your eligibility, documents, and credit score before applying. Use the EMI calculator and CIBIL score checker to plan your repayment and improve your chances of approval.
Frequently Asked Questions
If your credit score is low below 650 then you may face difficulty in getting a personal loan in Ahmedabad. But you can try to improve your score by paying your dues on time, clearing your existing debts and avoiding multiple loan applications. You can also apply with a co-applicant or a guarantor who has a good credit score and income.
The interest rate on a personal loan in Ahmedabad is decided by several criteria, including your income, credit report, borrowing amount, tenure and lender. For taking a loan High Credit score matters because you can get low interest rates on it.
Apart from the interest rate, you may also have to pay some charges for personal loan in Ahmedabad, these charges are called processing fee, prepayment fee, part-payment fee, late payment fee, payment bounce charges, foreclosure fee etc.
You can repay your loan in Ahmedabad through EMIs, which is decided on your loan agreement. You can use various modes, like post-dated cheques, electronic clearing services, standing instruction or online transfer to pay your EMI.
You can check the status of your personal loan application in Ahmedabad by visiting the lender’s website or app and logging in with your credentials. You can also call the customer care number or visit the nearest branch of the lender and provide your application reference number or loan account number to check the status of your application.
Bank Personal Loan Eligibility Criteria
Bank Personal Loan Interest Rate
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