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Loan Amount

1L

Max Tenure

3 years

Best Rate

28% p.a

Processing Fee

2000₹

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 28%
  • Processing fee - 2000₹

Documents Required

  • 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)

Loan Amount

20K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.1%
  • Processing fee - 2.5%

Documents Required

  • 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)

Loan Amount

50K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • 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)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

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

Max Tenure

12 - 16 months

Best Rate

16%

Processing Fee

1%

View Details

Features

  • Loans available for salaried individuals
  • Loans are available from Rs 1,00,000/- to Rs 40,00,000/-
  • Repayment tenures from Min 12 Months to Max 60 months
  • Best in Class Rate of Interest
  • Loans at higher rates can be transferred to Axis Bank with our Balance transfer facility.
  • Simplified documentation.
  • Simple procedure, minimal documentation and quick approval.

Pricing

  • Interest rate - 16% onwards
  • Processing fee - 1%

Documents Required

  • Duly filled application form
  • KYC documents (proof of identity and proof of address)
  • Proof of income (Latest 2 salary slips)
  • Last 3 months’ bank statement
  • Identity Proof PAN Card/ Valid Passport/ Aadhaar Card/ Election Card..

Loan Amount

35K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • 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)

Loan Amount

75K

Max Tenure

1 year

Best Rate

35.1% p.a

Processing Fee

2.5%

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 36.57%
  • Processing fee - 2%

Documents Required

  • 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)

Max Tenure

5 yrs

Best Rate

10.99%

Processing Fee

2.50%

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

Max Tenure

5 yrs

Best Rate

12.49%

Processing Fee

1.0%

View Details

Features

  • Pre-approved personal loan offer
  • No collateral required
  • Simplified documentation process
  • Flexible Repayment Options
  • Attractive Interest Rates

Pricing

  • Interest Rate: 12.49% onwards
  • Processing Fee:1.0% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

12 months

Best Rate

14%p.a

Processing Fee

1-2%

View Details

Features

  • Instant approval and same day cash transfer.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • Repayment Tenure upto to 36 Months.

Pricing

  • Interest rate - 14% p.a
  • Processing fee - 1-2%

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement

Max Tenure

NA

Best Rate

14.5%

Processing Fee

2.5%

View Details

Features

  • Loans starting from Rs. 50,000
  • Faster processing
  • Simple and minimum documentation
  • Flexible Repayment Options
  • Doorstep Service
  • Affordable Rates & Charges

Pricing

  • Processing Fee:2.5% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Max Tenure

36 months

Best Rate

14% p.m

Processing Fee

4%

View Details

Features

  • Completely Digital
  • Quick loan processing
  • Less documentation

Pricing

  • Interest rate - 14% to 36%
  • Processing Fees - 4% to 8% of loan amount

Documents Required

    Documents Required - Salaried
  • PAN Card
  • Adhaar Card/ Voter ID
  • 1 Current Address Proof
  • E Bill If rented
  • Last 3 months Salary slips
  • Last 3 months (3 salary credits) salaried bank statement – Alternate statement if OD
  • Scanned copy of cancelled cheque of Salaried Account
  • Additional Documents for Self Employed
  • Last 6 months bank statement – Alternate statement if OD/CC (Both savings and Current Bank account statement required wherever Current A/c is available)
  • Business Registration proof
  • Business Address proof
  • Partnership Deed + Business Registration proof
  • If the registration is in the name if the partnership firm, PAN of partnership and ITR and computation will be mandatory

Max Tenure

6 to 36 months

Best Rate

7.99% p.m

Processing Fee

2%

View Details

Features

  • TAT - 1 day ; Quick Loan Disbursal
  • Rate of interest starting from 7.99% ( reducing rate of interest)
  • No prepayment charges
  • No foreclosure charges
  • Flexible tenure 6 to 36 months

Pricing

  • Interest rate – 7.99% onwards
  • Processing fee – 2-4%

Documents Required

  • Photo
  • Pan card
  • Address proof
  • 3 months bank statement
  • 3 months payslips
  • Form 16/ ITR ( if salary above 62500 per month)

Max Tenure

5 yrs

Best Rate

14.75%

Processing Fee

2.25%

Max Tenure

5 yrs*

Best Rate

11.49%*

Processing Fee

999₹*

Max Tenure

5 yrs*

Best Rate

13.99%*

Processing Fee

1500₹*

Max Tenure

5 yrs

Best Rate

12.99%*

Processing Fee

0.5%*

Max Tenure

4 yrs

Best Rate

17.25% *

Processing Fee

2%

Max Tenure

NA

Best Rate

16%

Processing Fee

2.49%

Max Tenure

5 yrs

Best Rate

13.99%

Processing Fee

2%

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

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

nil*

Max Tenure

5 yrs

Best Rate

15.5%

Processing Fee

2.0%

Max Tenure

NA

Best Rate

1%

Processing Fee

3.0%

Max Tenure

1.6 yrs

Best Rate

18%

Processing Fee

2%

Max Tenure

nil*

Best Rate

23.0%

Processing Fee

2%

Max Tenure

nil*

Best Rate

11.99%

Processing Fee

2.5%

Max Tenure

NA

Best Rate

Processing Fee

2%

Max Tenure

1-5 yrs

Best Rate

10.75%

Processing Fee

2%

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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

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

Ranchi Personal Loan - Customer Reviews

4 / 5 (1 Reviews)
31 Jan 2019

Very good

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