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

With a rise in the cost of living, managing your finances can get difficult. One of the biggest challenges of living in a metropolitan city like Delhi is funding your basic needs and aspirations.

In such a case, a personal loan can come to your rescue. Personal loans in Delhi NCR can help you manage not only your daily financial needs but also additional expenditures like travel, wedding-related, medical emergencies, etc.

Top Personal Loan Providers in New Delhi

Many banks and NBFCs offer personal loans in New Delhi. 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 New Delhi

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 New Delhi:

  • 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.

New Delhi Personal Loan Interest Rates

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

Lender

Interest Rates

Processing Fees

Bajaj Finance Limited

14% p.a onwards

2% - 3% of the loan amount + GST or ₹500 + GST (whichever is higher)

Fullerton India

12% p.a onwards

Between 0% - 6% of the loan amount

PaySense

14% p.a onwards

2% - 2.5% of the loan amount + GST or ₹500 + GST (depends on whichever is higher)

Axis Bank

10.49% p.a onwards

Upto 2% of loan amount

Muthoot Finance

13.75% p.a onwards

2% - 4% of loan amount

SBFC Finance Pvt Ltd

14% p.a. onwards

2% of the loan amount

CASHe

33% p.a onwards

₹1,200 or 2% of loan amount, whichever is higher + GST as applicable

Prefr Partners

21% p.a onwards

3-5% (approximately) with minimum processing fee of ₹1,500 + GST

EarlySalary

24% p.a onwards

Starting from ₹399 + ₹100 stamp duty

KreditBee

14% p.a onwards

From ₹500 to up to 6% of the loan amount

Yes Bank

10.70% p.a onwards

From ₹1499 to 2.50% of loan amount

Eligibility for Personal Loan in New Delhi

While eligibility criteria are 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 Personal Loan in Delhi

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 New Delhi

Applying for a personal loan in New Delhi 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.

Step 5: You can not customise your loan package by including some of the unique additional features such as the Finserv Protection Plan to protect your loan liability.

Step 6: Verify your details & set up automatic repayments with our secured online process. The loan amount will be disbursed to your account in less than 24 hours.