CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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Exciting personal loan deals offered at banks and NBFCs in Chandigarh. No collateral. Get quick approval and disbursal processes. With a good credit score, get your funds instantly. Enjoy less documentation with flexible tenure. Apply now on CreditMantri!
24 to 48 Months.
Your application will be subjected to Bureau Enquiry.
6 - 36 Months.
12 - 60 Months.
3 - 60 Months
2% - 5%
12 - 72 Months.
2 - 60 months
6 to 36 Months.
up to 6 years
Personal loans in Chandigarh for salaried, self-employed and business people are available.
Range of Interest rate
Range of processing fee
Starting from 10.25%
Upto Rs. 40,00,000
1 to 5 years
Up to 2.50%
Starting from 10.49%
Upto 5 years
1.5% to 2% of loan amount +GST
Shriram City Union Personal Loan
11.49% p.a. to 23% p.a.
1 to 3 years
As per the loan agreement
20.00% - 22.00%
Rs.50K - Rs.2L
1 to 3 years
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
2% to 4% of the loan amount
Finzy personal loans
Starting at 7.99%
2% to 5%
Axis Bank gives personal loans in Chandigarh at low interest rates and flexible repayment tenures.
A credit score of 750 and above is considered good. All lenders would be willing to lend for a credit score of 750 and above. Not only this, you will be eligible for pre approved loan offers, preferential interest rates, and high loan amounts. It is not impossible to get personal loans for bad credit, but there will be very few lenders.
Also, you will land up with very high interest rates and unfavorable loan terms. You will have very few lenders for credit scores in the range of 550 to 650 and absolutely no lenders for credit scores in the range of 500 to 650. It is recommended to improve your credit score before you apply for a personal loan in Chandigarh to improve your chances of getting one.
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.
You can check your eligibility for a personal loan in Chandigarh on the lender’s website.
For salaried/self-employed professionals:
These are the documents generally asked while applying for a personal loan in Chandigarh:
For Salaried Employees
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 check boxes for agreement terms.
Step 4: Click on “Submit”
Step 5: Key in 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
The following factors help in getting personal loans with low interest rates.
Credit score: Banks offer low interest rates for a good credit score. Any credit score above 750 is considered good.
Credit Score Range and Interpretation
The credit score has to be improved. Indicates poor creditworthiness. No lenders. Even if you get loans, interest rates will be exorbitantly high.
The credit score has to be improved. There are very few lenders. Low creditworthiness. High-interest rates.
Better interest rates, most lenders will be willing to lend, fair creditworthiness, but can still work to improve
highly creditworthy, preferential interest rates, all lenders available, quick loan approval
Debt-to-income ratio - When a bank or any lending institution verifies your credit profile, the first thing that they look into is the debt to income ratio. When you avail a loan, it is ideal to have a debt to income ratio less than 40% of your monthly income. If it exceeds this, then you will have to settle for higher interest rates.
Check for special offers: Banks and NBFCs give special offers for select customers based on their credit profile relationship with the bank. So, keep checking for these offers to avail of them.
Negotiate: You can negotiate with lenders, especially if you have taken loans from them in the past and have a good credit history with them, for lower interest rates.
Make Down Payment: If you make a down payment for 20% of the loan amount, then you will get better interest rates on your loan.
Personal loan applicants in Chandigarh can check the status of their application through various ways - online through the lender’s website, netbanking, calling customer care, and visiting the bank’s branch.
There may be chances that your personal loan application may get rejected. Some of the reasons could be low monthly income, low credit score, inaccurate information, not fulfilling the eligibility criteria set by the lender, etc. Ensure that you are aware of the reasons for personal loan rejection and don’t let it happen.
Lenders have a dedicated customer care service to help consumers resolve their queries, raise any issues, or give feedback. Some of the modes through which you can contact customer care include
The personal loan EMI calculator computes the EMI upon entering the amount, interest rate, and the loan tenure. The EMI gets displayed instantly. Knowing the EMI before taking the loan will help in planning and managing your finances.
1. 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.
2. Do I have to pledge any collateral in order to secure a personal loan?
No collateral or security is required for obtaining a personal loan in Chandigarh. However, if your credit condition is found to be poor, and you need urgent funds, you might be asked for some form of collateral. Some lenders might ask you for a guarantor of sufficient net worth, apart from asking for collateral.
3. How do I repay the loan?
You can repay the loan amount in convenient EMI (Equated Monthly Instalments).
4. What is an EMI?
EMI stands for Equated Monthly Installment and is the monthly amount you need to pay your lender towards servicing your personal loan—interest included.
5. What are the options through which I can pay my EMIs?
EMI can be paid through the following easy options:
6. What are the 3 major parts of the loan?
All loans consist of three main components - The interest rate, security component, and term.
7. Can I obtain a loan without documents?
Individuals who do not have the correct documents can get a loan from a bank or NBFC with which they have transacted already. You should have had a good credit history with them. This way, you can get a loan with ease as they already have your details and trust you.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application