Interested in financial products
Processing

Processing Fee

2.50%

Max Tenure

5 yrs

Best Rate

10.99%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • 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, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Processing Fee

2.50%

Max Tenure

5 yrs

Best Rate

10.99%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • 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, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Processing Fee

2.25%

Max Tenure

5 yrs

Best Rate

14.75%

Processing Fee

999₹*

Max Tenure

5 yrs*

Best Rate

11.49%*

Processing Fee

1500₹*

Max Tenure

5 yrs*

Best Rate

13.99%*

Processing Fee

0.5%*

Max Tenure

5 yrs

Best Rate

12.99%*

Processing Fee

2%

Max Tenure

4 yrs

Best Rate

17.25% *

Processing Fee

2.49%

Max Tenure

NA

Best Rate

16%

Processing Fee

2000₹

Max Tenure

3 years

Best Rate

28% p.a

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2%

Max Tenure

5 yrs

Best Rate

13.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.95%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

12.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.70%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.25%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

15.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.45%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.00%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.20%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.65%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.05%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.99%

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

5%*

Max Tenure

1 year

Best Rate

28.5%*

Processing Fee

2.0%

Max Tenure

5 yrs

Best Rate

15.5%

Processing Fee

3.0%

Max Tenure

NA

Best Rate

1%

Processing Fee

2%

Max Tenure

1.6 yrs

Best Rate

18%

Processing Fee

1.0%

Max Tenure

5 yrs

Best Rate

12.49%

Processing Fee

2%

Max Tenure

nil*

Best Rate

23.0%

Processing Fee

2.5%

Max Tenure

nil*

Best Rate

11.99%

Processing Fee

2%

Max Tenure

12 months

Best Rate

21% p.m

Processing Fee

2.5%

Max Tenure

NA

Best Rate

14.5%

Processing Fee

2%

Max Tenure

NA

Best Rate

Processing Fee

2%

Max Tenure

1-5 yrs

Best Rate

10.75%

Sorry! We couldn't find any offer matching this category.

Personal Loan in Ranchi

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

Personal Loans in Ranchi

What is a personal loan?

A personal loan is generally an unsecured loan where you needn’t offer any collateral or guarantor to avail it. It carries lower interest rates than a credit card, so it can be used as a credit card debt consolidation tool. Its end use is not restricted—the loan amount can be used for any legitimate purpose making this a flexible, all-purpose loan. Even though it is relatively cheap when compared to a credit card, personal loans come with a high interest rate, since it is an unsecured loan. The lender usually charges you a high interest rate to safeguard their money against potential default.

A Personal loan is one of the costliest loans in the market, since its interest rates could range anywhere from 11% to as high as 32% or even more depending on your credit history and other factors.

A personal loan is a short-term loan with tenure ranging from 1 year to 5 years. It can be easily availed if you have a good credit history. which you can secure easily if you have a good credit score. Some banks offer over-the-counter loans, which could come handy if you are in the middle of a financial crisis, say a medical emergency.

Key features of a Personal Loan:

  • Complete flexibility of end-use
  • Short-term loans with flexible tenures ranging from 12-60 months
  • No security required
  • Quick processing and speedy approvals
  • Easy documentation
  • Loan amount ranging from few thousands to several lakhs
  • Loans for salaried & self-employed individuals
  • Facility to apply online with most of the lenders
  • Special offers for existing customers, like special rates and discounts

Personal Loans in Ranchi—Availability

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

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

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

Often, people neglect to keep a good credit score without knowing its repercussions. The full impact of not having a good credit score is only realized when they apply for a loan and get rejected everywhere or are offered unfavorable conditions like a high interest rate. It is possible to get a personal loan in Ranchi with bad credit depending on the severity of your credit situation, and the relationship you share with your lender. The lender might look at other factors that will impact your repayment capacity, like your current income and employment stability. Keep in mind however, that you might have to pay a high interest rate because of your bad credit history.

Eligibility for Personal Loan in Ranchi

  • 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 do not earn a regular salary, 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 Ranchi online, on the lender’s website.

Documents Required for Personal Loans in Ranchi

For salaried / self-employed professionals:

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

  • 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 Ranchi With Low Interest

Lenders usually offer a low interest rate to those who have an excellent credit history and a good credit score. Pull out your credit records and see if your credit score needs improvement so that you become eligible for the lowest interest rates.

Personal Loan in Ranchi FAQS

I have a low credit score. Will I be approved for a personal loan?

You might be approved for a personal loan even if you have a not-so-good credit score. The lender might look at other factors that will impact your repayment capacity, like your income. However, it is best to improve your score to 750 before applying for any kind of loan to avail the lowest interest rates.

When should I opt for a personal loan?

If you are in an urgent need for money, and have a good plan on repaying it, then availing a personal loan is a good choice.

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

The time taken to disburse personal loans varies from lender to lender. It could generally take anywhere from 24 hours to 7 working days or even more, depending on the lender.

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

The loan amount generally varies from a few thousands to lakhs of rupees. The amount could be restricted depending on your income and other existing loan obligations.

Do I have to pledge any collateral to secure a personal loan?

No collateral or security is required for obtaining a personal loan in Ranchi.

How to apply for Personal loan in Ranchi:

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 entire process and match you with the loan offer that best suits your unique credit profile.

Customer Reviews

4 / 5 (1 Reviews)
31 Jan 2019

Very good

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