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✓Minimal Documentation ✓Collateral Free Loans ✓Instant Loan Disbursal | Apply for Personal Loan Now!

Gurgaon is an upcoming metropolitan city with several businesses, malls, and other facilities that have been on the rise incessantly. It is a satellite city of Delhi and shares borders with South Delhi. Gurgaon is expanding rapidly with thousands of millennials and young professionals migrating to the city every year for employment.

Banks and NBFCs are capitalising on the rapid financial growth of Gurgaon and expanding their businesses by giving out personal loans. What’s more, Personal Loans do not require any security or collateral, hence the approval process involves minimal documentation and the processing time is also less. Therefore, if you are in urgent need of funds, you can always apply for a personal loan at Bajaj MARKETS.

Note that Gurgaon’s name was officially changed to Gurugram back in 2016 and hence Gurgaon and Gurugram are one and the same city.

Top Personal Loan Providers in Gurgaon

Many banks and NBFCs offer personal loans in Gurgaon. Here is a list of all the lenders you can apply for a personal loan with at Bajaj MARKETS:

  • Bajaj Finance Limited

  • Fullerton India Credit Co. Ltd.

  • PaySense Partners - PayU Finance (India) Pvt. Ltd

  • Prefr - Powered by Hero Fincorp

  • Axis Bank

  • Muthoot Finance

  • SBFC Finance Pvt Ltd.

  • CASHe

  • EarlySalary

  • Yes Bank

  • KreditBee

Features & Benefits of Personal Loan in Gurgaon

There are numerous benefits of availing a personal loan to finance your lifestyle needs or when you are in urgent need of funds in case of an emergency. Given below are some of the features and benefits of availing a personal loan in Gurgaon:

  • Minimal Documentation: These days, many banks and NBFCs are willing to grant personal loans with minimal documentation if you have a healthy credit profile and already have a good relationship with them.

  • Quick Disbursement: On successful approval of your loan application, most lenders would disburse the loan amount to your bank account within 24 hours.

  • Flexible Tenor: Most lenders allow you to repay your personal loan comfortably over a tenor of 12 to 60 months.

  • No Hidden Charges: There are no hidden charges involved if you apply for a personal loan at Bajaj MARKETS.

  • Swift Approval: All you need to do is fill in an online application form and upload the relevant documents. Your personal loan application will be approved instantly and the amount shall be disbursed within 24 hours of approval.

  • Online Loan Account: Get convenient access to your loan account anytime and anywhere with the Bajaj MARKETS customer portal - Experia.

  • Value-Added Services: You also get a few additional services if you apply for a personal loan at Bajaj MARKETS such as customised insurance plans to protect your loan liability and a free Financial Fitness report without any third party involved in the process.

Gurgaon Personal Loan Interest Rates

You can avail personal loans in Gurgaon from Bajaj MARKETS at affordable interest rates. The following table lists down the personal loan interest rates levied by our lending partners along with the applicable processing fee:

Lender

Interest Rate

Processing Fee

Bajaj Finance Limited

12.99% p.a. onwards

Up to 3.99% of the loan amount

Fullerton India Credit Co. Ltd.

11.99% p.a. onwards

Between 0% - 6% of the loan amount

PaySense Partners - PayU Finance (India) Pvt. Ltd

1.33% - 2.17% per month

2% of the loan amount or ₹500 (whichever is higher)

Axis Bank

10.49% p.a. to 21% p.a.

Up to 2% of the loan amount

Muthoot Finance

13.75% p.a. onwards

2% - 4% of the loan amount

SBFC Finance Pvt Ltd.

14.0% p.a. to 19.5% p.a.

2% of the loan amount

CASHe

2.75% per month

Flat ₹500 for loan amount between 0 to 33333 and 1.50% on the loan amount when loan amount is greater than 33333 (if the loan tenure is 3 months).

Flat ₹1200 or 2% on the loan amount whichever is higher (if the loan tenure is 6 months, 9 months or 12 months).

Flat ₹1000 or 3% of the principal amount whichever is higher (if the loan tenure is 18 months).

EarlySalary

2.5% per month

Starting from ₹399 + Rs.100 stamp duty

Yes Bank

Starting from 10.70%

Starting from flat ₹1499/- to 2.50% of loan amount

KreditBee

0% to 29.88%

N/A

 

Eligibility for Personal Loan in Gurgaon

While personal loan eligibility criteria is different for every lender, some of the general eligibility conditions that you will need to fulfil for most personal loans are as under:

  • You must be an Indian citizen.

  • You must have a regular source of income. You can be either a salaried employee of a company or a self-employed individual.

  • You must be a legal adult- at least 18 years of age. Some lenders have a higher lower age limit- 21 years or 25 years. There is also an upper age limit- to be eligible for a personal loan, usually between 58 and 65 years.

Documents Required for Gurgaon Personal Loan

You will need to furnish the following documents while applying for a personal loan:

  • Identity Proof: Voter ID Card, Aadhaar Card, PAN Card, passport etc.

  • Address Proof: Aadhaar Card, driving licence, Voter Card, passport, utility bills, rent agreement, etc.

  • Proof of Income: Latest salary slips (usually last three months’ salary slips are required) or income return certificate or latest Form 16.

How to Apply for Personal Loan in Gurgaon

Applying for a personal loan in Gurgaon via Bajaj MARKETS is an easy and hassle-free process. All you need to do is follow the steps mentioned below:

Step 1: Visit the Personal Loans page on the Bajaj MARKETS website.

Step 2: Click on “Apply Now”. A new page will open with a form in which you need to fill in a few details.

Step 3: Enter some basic details like your income, type of employment and contact number.

Step 4: Compare the loan offers from the various partner lenders and pick the one that suits you the best.