Personal Loans in Jamshedpur

  • Bajaj Finance
  • ICICI Bank
  • TATA Capital
  • INDUSIND Bank
  • FULLERTON
  • Shriram City Union
5.0 / 5 (5 Reviews)

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Why apply through CreditMantri

Quick and easy approval for Personal Loans in Jamshedpur CreditMantri matches your credit and demographic profile to lender's Personal Loan lending criteria - others just match your demographic criteria. We shortlist lenders willing to lend to you Personal Loans in Jamshedpur, based on our proprietary matching algorithm.

In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. We upfront check whether you qualify for Personal Loan in Jamshedpur Hence the chances of your Personal Loan application getting approved is higher. We even try our best to help people with low CIBIL Score, get a Personal Loan in Jamshedpur.

max tenure

5 yrs

processing fee

0.5%*

best rate

12.99%*

  • Maximum loan - 20 lakhs
  • Attractive Interest Rates
  • Quick and easy approval process
  • Balance transfer on existing personal loan
  • Interest rate - 12.99% to 23%
  • Processing fee - 0.50% to 2.50% of loan amount
  • KYC – ID proof, DOB Proof, Signature proof & Address proof
  • Bank Statements
  • Residence stability proof
  • Employment stability proof
  • Latest 3 month salary slips / Form-16 / Appointment letter

max tenure

5 yrs

processing fee

2.25%

best rate

14.75%

  • Maximum loan - 25 lakhs
  • 5-minute online personal loan approval and cash in bank in 72 hours
  • Interest rate - 12% to 15%
  • Processing fee - 2.25% to 3% of loan amount
  • Per bounced cheque - 1000/- and 2% penal interest per month
  • Secure fee - 999/- for instant approval online
  • Online application, Employee ID card
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport, Driver's license, Ration card, Mobile bill, Letter from employer
  • Signature proof (any one) - Passport, PAN, Driver's license, Photo credit card, Letter from bank verifying signature
  • Work experience documents - Appointment letter, Form 16, 1 yr old salary slip, same for previous employment

max tenure

5 yrs*

processing fee

999₹*

best rate

11.49%*

  • Maximum loan - 20 lakhs (salaried)
  • Maximum loan - 30 lakhs (self employed)
  • Fixed interest rate
  • Direct credit of the loan amount through Fund Transfer (FT)
  • Simple repayment options such as ECS, AD or PDC
  • Interest rate - 13% to 18%
  • Processing fee - Up to 2.5% of loan amount
  • Application form with 2 photographs , Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

max tenure

5 yrs*

processing fee

1500₹*

best rate

13.99%*

  • Maximum loan - 15 lakhs
  • Flexi EMIs with Higher Loan Eligibility
  • Minimum Documentation and Verification
  • Quick processing
  • Security or Guarantors not Required
  • Interest rate - 14.5% to 18%
  • Processing fee - 1% to 2% of loan amount
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID, Aadhar
  • Address proof (any one) - Passport, Driver's license, Voter ID, Ration card, Electricity bill, Rent agreement
  • Residence stability proof
  • Employment stability proof
  • Latest 3 month salary slips / Form-16 / Appointment letter

max tenure

4 yrs

processing fee

2%

best rate

17.25% *

  • Personal Loan up to 20 lacs.
  • Easy Repayment over 12 to 48 months.
  • Quick and easy approval process
  • Balance transfer of an existing Personal loan
  • Interest Rate: 17.25% onwards
  • Processing Fee: 2% onwards
  • Application form with a recent photograph
  • ID Proof - Passport Copy/ Voter ID card/ Driving License/ PAN Card
  • Address Proof - Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License
  • Age proof - PAN Card, Passport, any other certificate from a statutory authority
  • Bank Statements (Bank statement / Bank Passbook for last 6 months) OR Last 3 months’ salary slip
  • Form 16
  • Income Tax Returns for last 3 years
  • Processing fee cheque
  • Previous 2 years’ experience letter without any gap (if current work experience < 1 year)

max tenure

3 years

processing fee

2000₹

best rate

28% p.a

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments
  • Interest rate - 28%
  • Processing fee - 2000₹
  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Personal Loan in Jamshedpur

Do you live in Jamshedpur? Are you looking for a personal loan in Jamshedpur and wondering what your options are? Read on!

Personal Loans in Jamshedpur

What is a personal loan?

A personal loan is an unsecured loan which can be used for any legitimate purpose. Its end use is not restricted which makes it an “all-purpose loan” such as funding your dream vacation, business expansion, remodeling your house, overcoming a crisis like sudden income loss, medical emergency, to purchase expensive consumer durables or simply to learn a new (expensive) hobby.

Since it is an unsecured loan, it comes with a high interest cost. Approval of the loan depends on the size of your income and your credit history. Following are some key features of a Personal Loan:

  • Easy and hassle-free documentation process
  • Quick processing
  • Loan amount ranging from few thousands to several lakhs.
  • Spot Approvals and over-the-counter loans available with leading banks like HDFC
  • Loans for salaried & self-employed individuals.
  • Special loans for professionals like Lawyers, doctors, chartered accountants, etc.
  • Payment via EMI with flexible tenure ranging from 12 to 60 months
  • No security/guarantor/collateral required to avail this loan
  • Facility to apply online with most of the lenders
  • Special offers for existing customers, like special interest rates and discounts on processing fees.

Disadvantages of a personal loan:

Personal loans are one of the costliest loans in the market with relatively high interest rates, as compared to other loans. The interest on a personal loan could go up to as high as 32% p.a. or even more, depending the severity of your credit situation.

To avoid unnecessary surprises after loan application, pull out your credit report first and check your credit score.

Personal Loans in Jamshedpur—Availability

All major banks offer personal loans in Jamshedpur. Popular banks and NBFCs that offer personal loans in Jamshedpur include: Vijaya Bank, SBI, Standard Chartered Bank, Bank of Braoda, Punjab National Bank, Canara Bank, Indian Bank, Corporation Bank, Yes Bank, RBL Bank, HDFC Bank, Central Bank of India, ICICI Bank, Bank of India, Axis Bank, Shriram Finance, Bajaj Finance, Fullerton, IDBI Bank, Citibank, etc.

Personal loans in Jamshedpur for salaried, self-employed, business people and NRIs are available.

Personal Loan for CIBIL Defaulters in Jamshedpur

Having a good CIBIL score is a pre-requisite in order to avail any kind of loan. If you are a CIBIL defaulter, it can get very difficult get any new credit.

You could perhaps approach a personal loan provider in Jamshedpur that offers special loans for defaulters. Do keep in mind that if you are offered a loan under such circumstances, it will generally come with a high interest rate and other restrictions which might make your repayment problematic.

Is it possible to get a personal loan in Jamshedpur with bad credit?

The possibility of getting a personal loan with bad credit depends on the severity of your credit situation, and the relationship you share with your lender. In case your loan application is accepted despite having a poor credit history, you will be offered unfavorable terms and conditions, like a high interest rate and high penalty for missing payments, etc.

It is always advisable to raise your credit score to a healthy number ( 700 and above), so that you are able to avail a personal loan at reasonably good terms and interest rate.

Eligibility for Personal Loan in Jamshedpur

  • Age criteria: The applicant should be between 21 years to 65 years (at the time of maturity of the loan).
  • Salaried, self-employed, and business professionals are eligible to apply. If you are not a regular wage earner, talk to your bank manager about your situation.
  • Minimum salary for salaried people is typically Rs. 15,000 though the salary requirement depends on what tier of city you live in and the company you work for.
  • Should be staying in the same address / city for at least 1 year
  • Total work experience should be at least 2 years
  • Should have a stable employment history.

You can check your eligibility for a personal loan in Jamshedpur online, on the lender’s website.

Documents Required for Personal Loans in Jamshedpur

For salaried / self-employed professionals:

Following are an overview of the documents generally asked while applying for a personal loan in Jamshedpur:

  • Valid Identity Proof - Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card (any one document to be submitted)
  • Valid Address Proof – Lease/Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
  • Income Proof Documents – Last 6 months salary slip and latest Form 16
  • Bank Statements: Past 6 months bank statement with salary credit
  • Continuity of employment proof, like offer letter, relieving letter, etc.

For the self-employed and those into business, the following might be requested for in addition to the above-mentioned documents.

  • Degree Certificate / educational documents for self-employed professionals.
  • Proof of business existence
  • Last 3 years Income Tax returns (self and business)
  • Last 3 years Profit /Loss and Balance Sheet, duly attested by a CA
  • Any other documents as directed by the Bank or NBFC

Personal Loan in Jamshedpur With Low Interest

Lenders usually offer a low interest rate to those who have a good credit history. The interest rate offered depends on a variety of criteria including the loan amount applied for, existing EMI obligations, credit score and history, employer profile, etc.

Personal Loan in Jamshedpur FAQS

What is the minimum and maximum loan amount for salaried people?

The loan amount generally varies from a few thousands to lakhs of rupees depending on your requirement and existing loan obligations.

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 Jamshedpur.

How do I repay the loan?

You can repay the loan amount in convenient EMI (Equated Monthly Instalments).

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. Keep in mind that your EMI will include service taxes as well.

I need urgent funds. How long will it take for my loan to be sanctioned?

Generally, personal loans are processed faster. Your loan may be approved in as little as 24 hours or may take up to 7 working days, based on your credit profile. The time taken to sanction personal loans varies from lender to lender.

I already have an existing loan from another lender. Am I required to declare it?

Yes, if you have any existing loan commitments, then it is crucial to declare them.

How to apply for Personal loan in Jamshedpur:

There are several ways to apply for a personal loan:

  • You can apply directly online at the bank / NBFC's website;
  • You can go in person to your nearest branch and apply with the required documentation

Need help? Alternatively, if you think you need help with your personal loan application and advice on loan eligibility, then CreditMantri can guide you through the whole process and match you with the loan offer that best suits your unique credit profile.

Customer Reviews

Jamshedpur Personal Loan
5.0 / 5 (5 Reviews)
  • 5/ 5

"Quick approval CreditMantri helps the customer during the entire loan process. This site is basically for loan or card seekers. They give lot of help during the application process and give all details on how to apply and documents needed, till the time we get a credit card or loan. I had applied for a Bajaj Personal loan. They are taking very less time for completing the entire procedure about loans. Must say that I got it without any hassles. Really quick disbursal of my loan amount which was 5 lakhs, with very minimal documents required. I had an issue with my credit rating, which thankfully did not affect my application. Thank you CreditMantri. "

  • 5/ 5

"Fully satisfied Got to know about CreditMantri from Facebook! Happiest discovery I made. I was looking for personal loan offers, and obviously I want the low interest rate. I have got the maximum support from CreditMantri and I am happy with that. Through them, got an ICICI personal loan. They provided me with a host of offers. I honestly can’t point out any negatives in their service, as my experience has been smooth till now. No complaints, fully satisfied."

  • 5/ 5

"Helpful service CreditMantri helps with the customer application to the concerned bank or NBFC, and also provide credit improvement services. Till date, I am not facing any kind of drawbacks while using their services. Got my application processed within a short while and the loan amount in my bank account speedily. I got to know about this website from my friend who also uses its services. The website is very convenient for accessing and getting details about all the loans and offers from different lenders, all in one place. "

  • 5/ 5

"Best place for comparing loan offers I came across CreditMantri during my search for a personal loan. This website provided me all the info I wanted. It is easy to search for loan offer on their CreditMantri than in any other. I would say that the level of service offered by CreditMantri is the best. Got a very good interest rate on a personal loan from IndusInd. For me, they took around two weeks to process and to put the money in my bank account. I had some issues with my documents, but CreditMantri helped me to clear it no time. Keep up the good work!"

  • 5/ 5

"Response plays a significant role when it comes to any business. CreditMantri scores on top in this regard! Service is immediate, and they provide superb guidance. I remember I asked a lot of questions to the customer executive during my first interaction and was perfectly guided on my loan requirement. I am using the site for first time, and I am surprised by their promptness in handling clueless customers. Just a teeny drawback is the Personal loan EMI calculator on their website, which I found to be a bit slow. Apart from this, what more to expect, when you get a personal loan at an excellent interest rate? Bliss."