Personal Loan in Delhi Up to 40 Lakhs

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Personal Loan in Delhi

Are you looking for a personal loan in Delhi to meet your financial needs? Whether you need money for home renovation, medical emergency, wedding, travel, education, or any other personal purpose, a personal loan can be a great option. A personal loan is an unsecured loan that does not require any collateral or guarantor. 

You can borrow up to Rs 40 lakh from various banks and NBFCs in Delhi at attractive interest rates and flexible repayment tenures. In this blog post, we will tell you everything you need to know about personal loan in Delhi, such as its features, benefits, purpose, eligibility, documents, interest rates, and how to apply.

Purpose of Personal Loan in Delhi NCR

  • 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.

Features and Benefits of Personal Loan in Delhi

How to Apply for Personal Loan in Delhi

If you want to apply for a personal loan in Delhi 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 to Get Personal Loan in Delhi NCR






Credit Score

Criteria Eligibility for Salaried Employees Eligibility for Self-Employed
Resident Indian
21 - 60 years
21 - 65 years
Public/Private sector companies, salaried doctors
Self-employed professionals/non-professionals, business owners
Minimum Rs 15,000 per month
Minimum Rs 2 lakh per annum
Credit score
650 and above
650 and above
Business vintage
Minimum 3 years

Documents Required for Personal Loan in Delhi NCR

Documents Salaried Employees Self-Employed
Application form
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

Personal Loan in Delhi: Interest Rate of Top Banks & NBFCs

When you find a suitable lender to get a personal loan then you need to compare the interest rates of different loan providers, below is the list of some Banks & NBFC interest rates.

Banks & NBFC

Interest Rate (p.a.)


Axis Bank

10.49% onwards

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IndusInd Bank

10.49% onwards

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IDFC First Bank

10.75% onwards

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10.50% onwards

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10.65% onwards

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Kotak Mahindra Bank

10.99% onwards

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Tata Capital

10.99% onwards

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Bajaj Finserv

11.00% onwards

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Federal Bank

11.49% onwards

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DMI Finance

12.00% – 40.00%

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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.

Personal Loan Calculator

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 Delhi

The minimum salary to get a personal loan in Delhi 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 Delhi 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.

Check CIBIL Score to Get Personal Loan in Delhi

To get a personal loan in Delhi, you need a minimum CIBIL score of 650. A higher score can help you get a lower interest rate and a higher loan amount23. You can check your CIBIL score online for free using a CIBIL score checker.


A personal loan in Delhi can be a smart way to finance your personal and professional goals. However, you should also be careful about 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

You can have trouble obtaining a personal loan in Delhi if your credit rating is below 650. But, you can attempt to raise your score by making on-time payments, paying off your current obligations, and avoiding applying for extra loans. Additionally, you may apply with a co-applicant or guarantor who meets the requirements for both income and credit.

A personal loan’s interest rate in Delhi depends on several factors, including your monthly salary, credit rating, debt amount, and duration of the loan lender rules.

When applying for a personal loan in Delhi, you might also be required to pay extra costs in addition to the interest rate. These fees go by the names of processing fees, prepayment fees, part-payment fees, late payment fees, payment bounce charges, foreclosure fees, etc.

Depending on what’s stated in your loan agreement, you can pay back your loan in Delhi through EMIs. To pay your EMI, you have a few options: online transfers, automatic payments, electronic clearing services, and post dated checks.

You may verify the status of your personal loan application in Delhi by going to the lender’s website or application and entering your login information. To find out the status of your application, you can also give your application reference number or loan account number to the lender over the phone or in person at the closest branch.

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Take The First step Towards Your Goals: Apply for a Personal Loan

✅Minimum Documents    ✅No Collateral     ✅Instant Disbursal