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Max Tenure
6 - 48 Months
Best Rate
15%
Processing Fee
4%
Features
- Instant approval
- End to end digital journey
- Same Day Disbursal
Pricing
- Processing fees: 4%
- Interest rate: 15% - 36%
- Installment Cycle: 5th of every month
Documents Required
- No documents required
Max Tenure
NA
Best Rate
1.58% P.M
Processing Fee
2%
Features
- Minimum documentation
- No hidden fees
- Wide geographical presence
- Informal documents are also accepted
- Service at your doorstep
- Cluster based lending
Pricing
- Interest Rate -22-29%
- Processing Fees-2-2.5%
Documents Required
- Identity proof (PAN, Voter ID, Passport)
- Address proof (Voter ID, Aadhar Card, Passport, Bank passbook copy with photo)
- Last 1 Year Bank account statement
- Business registration proof (any of the following) -
- Udyam Registration Certificate
- Shop and Establishment
- Trade License Certificate
- Small Scale Industry Certificate
- Export/Import Code Certificate
- Factory Registration Certificate
- Business Address proof (any of the following) -
- Any one of the Business Registration proofs from above with current business address
- Utility bills (Electricity, water or telephone bill in the name of business) not older than 2 months
Max Tenure
2 - 60 months
Best Rate
15.96%
Processing Fee
RS: 399/- to 2%
Features
- Disbursal in 116 seconds
- No foreclosure charges
- 100% Online Process
Pricing
Documents Required
- ID Proof
- Address Proof
- Income Proof (salary slip, bank statement)
By agreeing and accepting the terms and conditions set out herein, you provide your express consent to Social Worth Technologies Private Limited to access the credit bureaus and credit information report and credit score. You also hereby irrevocably and unconditionally consent to the usage of such credit information being provided by credit bureaus.
Max Tenure
24 to 48 Months.
Best Rate
12%
Processing Fee
3%
Features
- 100% Online Process.
- No Foreclosure Charges.
Pricing
- Interest rate: 1% P.M.
- Processing fee: Upto 3%
Documents Required
- ID Proof.
- Address Proof.
- Bank Account Details with E-Mandate Facility.
Your application will be subjected to Bureau Enquiry.
Max Tenure
12 - 36 Months
Best Rate
19%
Processing Fee
1.5%
Features
- Completely digital process
- Quick approval and disbursals
- Flexible repayment plans
Pricing
- Processing Fees : 1.5% to 3%
- Interest rate ranges from 19% to 29% per annum
Documents Required
- ID Proof
- Address Proof
- Income Proof (Bank statement, Salary Slip)
Max Tenure
12-36 Months
Best Rate
10.99% P.A.
Processing Fee
2%
Features
- Instant approval
- End to End digital journey
- Same Day Disbursal
Pricing
- Interest rate ranges from 15% to 26% per annum
- Processing Fees : 3%
Documents Required
- ID Proof
- Address Proof
- Income Proof (Bank statement, Salary Slip)
Max Tenure
12-60 Months
Best Rate
10.99%
Processing Fee
2%
Features
- Loan options from 50K to 5 lakhs
- Tenure up to 36 Months
- Fully Digital Process
- No Physical documents required
Pricing
- Interest Rate starting from 10.99% P.A
- Processing Fee: 3%+GST
Documents Required
- Employment Documents (If Required)
Loan Amount
50K
Max Tenure
12 Months.
Best Rate
35.1%
Processing Fee
2.5%
Features
- Minimal Documentation.
- Quick loan processing.
- NTC also allowed for 50 k.
Pricing
- Interest rate - 35% to 37% P.A
- Processing fee - From 2.5%
Documents Required
- ID Proof.
- Address Proof.
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Loan Amount
1L
Max Tenure
18 Months.
Best Rate
28%
Processing Fee
2000₹
Features
- Quick loan processing.
- Minimal documentation.
- Min Eligiblity Criteria.
Pricing
- Interest rate - 20% to 30% P.A.
- Processing fee - From 2.5%.
Documents Required
- ID Proof.
- Address Proof.
- Salary slip and appoinment Letter (for amber Customers).
- Income proof (3 Months BS ).
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Loan Amount
1_5L
Max Tenure
36 Months.
Best Rate
35.07%
Processing Fee
Nil*
Features
- Quick loan processing.
- Minimal documentation.
- Min Eligiblity Criteria.
Pricing
- Interest rate - 20% to 36% P.A.
- Processing fee - From 2.5%.
Documents Required
- ID Proof.
- Address Proof.
- Salary slip and appoinment Letter (for amber Customers).
- Income proof (3 Months BS )
We are an authorized sourcing partner for Shriram Finance Limited Personal Loan.
Shriram City Union Personal Loan
Loan Amount
75K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Moneyview Instant Personal Loan
Max Tenure
3 – 60 months
Best Rate
1.33% P.M
Processing Fee
From 2%
Shriram City Union Personal Loan
Loan Amount
20K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Shriram City Union Personal Loan
Loan Amount
35K
Max Tenure
1 year
Best Rate
35.1% p.a
Processing Fee
2.5%
Personal Loans in Ahmedabad
Almost all major banks and NBFCs offer personal loans in Ahmedabad. Popular banks and NBFCs include: Axis Bank, Shriram Finance, HDFC Bank, Fullerton, ICICI Bank, Citibank, SBI etc. Although few lenders might require a guarantor or collateral, most banks offer personal loans in Ahmedabad without any form of collateral and / or guarantor or security. For this reason, a personal loan is a very attractive option for customers who cannot raise the collateral.
Personal loans in Ahmedabad are available for salaried, self-employed and business people. You can research online to find plenty of offers in the marketplace. You can compare and contrast to find the best personal loan providers in Ahmedabad.Features and Benefits of Personal Loans in Ahmedabad
- Interest rates usually start @ 7.99% per annum for personal loans in Ahmedabad
- Loan tenures usually go up to 5 years. Some banks/NBFCs might give loans for up to 7 years
- High loan amounts
- Pre-approved personal loan offers for select customers
- No collateral or security needed
- Multipurpose loans, no restriction on end usage except for illegal purposes
- Processing fees up to 4%
- Instant loan disbursal is provided by some banks/NBFCs
Comparison of Personal Loan Interest Rates 2023 In Ahmedabad
Bank | Range of Interest rate | Loan Amount | Loan tenure | Range of processing fee |
|---|---|---|---|---|
Bank | Range of Interest rate | Loan Amount | Loan tenure | Range of processing fee |
HDFC Bank | Starting from 10.25% | Upto Rs. 40,00,000 | 1 to 5 years | Up to 2.50% |
Axis Bank | Starting from 10.49% | 4,000,000 | Upto 5 years | 1.5% to 2% of loan amount +GST |
Shriram City Union Personal Loan | 11.49% p.a. to 23% p.a. | Upto Rs.30,00,000 | 1 to 3 years | As per the loan agreement |
Yes Bank | 20.00% - 22.00% | Rs.50K - Rs.2L | 1 to 3 years | 2.50% |
Fibe (Formerly EarlySalary) Personal loans | Starting at 12% p.a. | Upto Rs. 500000 | 3 to 24 months | 2% to 3% of the loan amount |
Faircent Personal loans | 12 to 28% | Rs. 30,000 to 7.5 Lakhs | 6 to 36 months | 6% to 8% of the loan amount plus GST |
Muthoot Personal Loan | 14.5% per annum onwards | Rs. 50,000 to Rs. 10,00000 | 1 to 5 years | 2% to 4% of the loan amount |
Finzy personal loans | Starting at 7.99% | Upto 5,00000 | 6 to 36 months | 2% to 5% |
HDFC Bank Personal Loans in Ahmedabad
HDFC Bank has 80 plus branches and 200 + ATMs in Ahmedabad. It also has cash deposit machines and retail loan branches for city residents. Now, you can access funds from anywhere conveniently.
Features and benefits of HDFC Bank Personal Loans in Ahmedabad
- Affordable interest rates
- Flexible repayment tenures
- Multipurpose loans - No restriction on end usage - Can be used for medical emergencies, weddings, home renovations, travel, and any other personal use.
- High loan amounts
- Minimal documentation
- Repayment tenures of up to 60 months
- Affordable interest rate starting from 10.25%
- Affordable processing fees
- Quick disbursal of 10 seconds for pre-approved customers.
- Non-bank customers can avail loan within 4 working days post submission of all documents.
Axis Bank Personal Loans in Ahmedabad
Axis Bank gives personal loans in Ahmedabad at lowest interest rates and flexible repayment tenures.
Features and benefits of Axis Bank personal loans in Ahmedabad
- Loans available at best interest rates starting from 10.49%
- Flexible repayment tenures from 12 to 60 months
- Flexible loan amounts ranging from 1 Lakh to Rs. 20 Lakhs
- Loans are curated for various categories - Salaried individuals, doctors, chartered accountants, engineers, architects, and CS
Finzy Personal Loans in Ahmedabad
Finzy gives personal loans in Ahmedabad starting at an interest rate of 7.99% p.a.
Features and benefits of Finzy personal loans in Ahmedabad
- Low interest rate starting from 7.99% p.a.
- Flexible loan amounts ranging from Rs. 50,000 to Rs. 5 Lakhs
- Flexible loan tenure upto 3 years
- Speedy approval and disbursal within 48 hours
- You have the option to sign your loan agreement digitally or physically
- Prepayments without incurring any penalties.
Credit Score For Personal Loans in Ahmedabad
If you are in urgent need of funds, then applying for a personal loan in Ahmedabad with a bad credit score could lead to three possible outcomes:
1. Your application would be rejected right away, which would further bring down your credit score (ouch!) or2. The loan could be approved (without the need for collateral) on unfavorable terms and conditions, like a very high-interest rate or
3. The loan could be approved and you might be asked to pledge some form of security, but again on unfavorable terms and conditions like a high-interest rate.
So, if you have the time, it is highly recommended to improve your credit score and then apply for a personal loan. This way, you could easily negotiate for better interest rates. Generally, a credit score of 750 and above is considered ideal for easy loan sanctions and affordable interest rates.
Don’t worry if your credit score is low, we at CreditMantri can help you improve your credit score with our expert tips and help you get the best personal loans.
Eligibility for Personal Loan in Ahmedabad
- Age criteria: The applicant should be between 21 years to 60 years (at the time of maturity of the loan).
- Salaried, business professionals, and self-employed professionals are eligible to apply. If you are not a regular wage earner, speak to your bank manager about your current situation.
- Credit score: Usually 750 and above can increase the chances of availing a personal loan
- Minimum monthly income for salaried people is typically Rs. 15,000 though the salary requirement depends on what tier of the city you live in and the company you work for.
- Must be staying in the same address/city for minimum 1 year
- Overall work experience must be at least 2 years
- Should have a stable employment history.
- Minimum income for self-employed individuals: Typically, an annual profit of Rs. 1 lakh to Rs.2 lakh is required for self-employed individuals.
You can check your personal loan eligibility in Kolkata online, on the lender’s website.
Documents Required For Personal Loans in Ahmedabad
For salaried/self-employed professionals:
Following is an overview of the documents generally required while applying for a personal loan in Kolkata:For Salaried Employees
- Valid Identity Proof - Driving License, Passport, Voter ID Card, Aadhar Card, PAN Card (Any one document to be submitted)
- Signed application form with photograph
- Age Proof: SSC Certificate/ Aadhar Card/ Birth Certificate/Voter ID/PAN Card
- Valid Address Proof – Rent/Lease Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
- Income Proof Documents – Most recent 6 months salary slip and latest Form 16
- Bank Statements: Bank statements for the past 6 months with salary credit
For those into business and the self-employed, the following might be requested for in addition to the documents mentioned above
- Proof of business existence
- Income tax returns (self and business) for the last 3 years
- Profit /Loss and Balance Sheet, duly attested by a CA for the last 3 years
- Other documents if any as directed by the Bank or NBFC
How To Apply For Personal Loans in Ahmedabad?
1. On CreditMantri
Step 1: Click on ‘Check Eligibility’ for the lender you want to apply. If you want to read more about the loan, click on know more.
Step 2: Fill in details like email ID, Mobile number, city, employment type, residence pin code, and info about any loans that you may have.
Step 3: Tick all checkboxes for agreement terms.
Step 4: Click on “Submit”
Step 5: Enter the OTP received on your registered mobile number.
Step 6: Proceed with the rest of the application and your application will be processed instantly
2. Online on the Lender’s Website
Applicants can go to the official website of the lender and apply for the personal loan by following the instructions.3. Offline application
Applicants can walk into the lender’s office or the bank’s branch with all the relevant documents. Ensure that you have already checked the eligibility criteria, features and benefits, charges, and documentation needed, as listed above.How To Get Personal Loans With Low-Interest Rates in Ahmedabad?
- Build and maintain a good credit score: It is essential to maintain a good credit score. Generally, a credit score of 750 and above .table-responsive
Credit Score Range and Interpretation
| Credit rating | Analysis | Interpretation |
|---|---|---|
300-550 | Poor | The credit score has to be improved. Indicates poor creditworthiness. No lenders. Even if you get loans, interest rates will be exorbitantly high. |
550-650 | Fair | The credit score has to be improved. There are very few lenders. Low creditworthiness. High-interest rates. |
650-750 | Good | Better interest rates, most lenders will be willing to lend, fair creditworthiness, but can still work to improve |
750-900 | Excellent | highly creditworthy, preferential interest rates, all lenders available, quick loan approval |
- Check For Pre-Approved Offers From Banks and NBFCs: Banks and NBFC give instant pre-approved loan offers to select customers with a strong credit history. These are customers who don’t fall into the credit-risk or lender-risk group. The lender will give you a loan at an affordable interest rate. So, look out for such offers from the banks and NFBCs with which you have maintained a good credit history in the past.
- Research the financial marketplace online to compare offers from lenders: Research the financial marketplace online and compare the interest rates offered by different lenders. Choose the deal which is the most suited for you.
- Check for low interest rate festive offers and discounts: Lenders offer discounts and lower interest rates during festival seasons. Look out for such offers and avail of a loan during this peak season. This way, you can get low interest rates.
- Debt-to-income ratio - it is important to ensure that your debt-to-income ratio is within 40%-50% of your monthly net income. If it surpasses this, then there is a chance that your loan application might get rejected. Else, it will be subject to high interest rates.
- Look for the best possible choice - Facilitating the use of financial portals such as CreditMantri will give you the ability to compare loan offers from various lenders and choose the best one suited to your financial status.
- Negotiate - Negotiate with the lender bank or the NBFC to get the best possible interest rate. If you have already been transacting with the lender and have maintained a good credit history, then the chances of getting preferential interest rates are high.
Personal Loan Customer Care in Ahmedabad
All lenders have dedicated customer care services in place to help Existing consumers to resolve their queries, and give feedback and suggestions. You can reach customer care through various modes such as
- Telephone
- Visiting the bank
- Mailing the bank
- Contacting nodal officers
Personal Loan Status in Ahmedabad
Those who have applied for a personal loan can check the status of the loan application through the following ways:
- Online on the lender’s website
- Netbanking
- Calling customer care
- Visiting the bank’s branch
Personal Loan Rejection in Ahmedabad
There are chances that your personal loan may be rejected. The reasons could include having a poor credit score, not having a stable monthly income, having too many debts on hand, and not fulfilling other eligibility criteria set by the lender. Personal loan rejections can cause your credit score to dip and also increase the number of hard inquiries.Personal Loan EMI Calculator
It is ideal to compute your EMI before taking out a personal loan. This helps you to ascertain your repaying capacity and get a loan amount and tenure according to that.
Personal Loans in Ahmedabad FAQS
1. Where can I apply for a personal loan in Ahmedabad?
If you are in need of funds and require money quickly, then you could apply for a personal loan. Banks and NBFCs like HDFC, ICICI, CitiBank, SBI and other finance companies offer personal loans wherever you live in India.
2. Are NRIs eligible to apply for a personal loan in India?
Yes, but it is best to contact the lender before you apply to avoid possibilities of rejection, as lenders will have rules and regulations pertaining to NRIs.
3. Who is eligible to apply for a personal loan in Ahmedabad?
Salaried individuals, self-employed professionals and business people can apply for personal loan in Ahmedabad.
4. Can I apply through personal loan agents in Ahmedabad?
Yes, if for any reason, you are unable to go to the bank directly, you could also approach private personal loan providers in Ahmedabad.
5. How will I repay my Personal Loan?
You can repay your loan in a convenient, easy, and hassle-free way through EMIs. Your EMI could be adjusted as per your budget. If you opt for a longer tenure, then your monthly EMI outflow will be reduced, but keep in mind that you will end up paying more towards interest.
6. How can I borrow money immediately?
If you have to borrow money immediately, the most popular options are personal loans, payday loans, pawn shop loans, cash advances online, and banks or credit unions. But be cautious with cash loan options that provide you with a quick loan with no credit check.
7. What is the ideal credit score to get a personal loan in Ahmedabad with ease?
Ideally, a score of 750+ is considered good. All lenders will be willing to lend and you will also get preferential interest rates. You will also be eligible for high loan amounts and pre approved loan offers. You can negotiate for the best interest rates with lenders from the pool of offers available.
Ahmedabad Personal Loan - Customer Reviews
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