Quickly compare and Apply best Personal Loan in Lucknow

10.99% – 17.99%

PF : 2.25

1-5 Year

10.99% – 20.75%

PF : 2.25

Year : 1-5

ROI : 12.99% – 20.99%

PF : 2.25% 

Year : 1 – 5

ROI : 12:99 to 20.75%

PF : 2.25

Year : 1-5

Personal Loan Eligibility

Above 23+

Below -65

Salaried or Self Employed

Earning Regular Income

Income 15000 / Month

Max Loan 20 Lakhs

Maximum 5 Years

Calculate total EMI

Steps involved in getting a personal loan

Documentation

The applicant has to submit all the required documents. A flawless documentation increases the chances of getting the loan sanctioned in one shot. Most of the delays in loan procedure is either due to the incomplete documents or any discrepancy in them.

Verification

Next, the submitted documents are verified. This is the most crucial step in any type of loan. An up-to-the-mark documentation zip through this step and get the sanction sooner.

Disbursement

The last step is disbursement where the sanctioned amount is transferred to the applicant’s account. The disbursements are quiet quick these days in almost every bank

Features of the personal loans.

Multipurpose

Banks give you a personal loan for multiple reasons. Hence, it lets the borrower practice all the liberty.

Collateral-free

A personal loan is an unsecured loan. Therefore, it serves as a dream-come-true for many. Especially to those who need but cannot apply for a loan due to lack of security.

Quick and hassle-free

The rules and regulations are quite clear cut in personal loan. That is why its procedure is faster and less cumbersome.

Economic

Although it is an unsecured loan yet the rates of interest are not sky-high. They are pretty much reasonable across all banks and NBFCs.

Eligibility criteria for a Personal loan

Credibility

One’s credibility can be measured through one’s authentic KYC documents. Your KYC tells about your identity which in turn vouches for your credibility.

Capacity

Since it is an unsecured loan, having a fixed and steady source of income is very important for the applicant. It is the most neccesary qualification to apply for a personal loan.

CIBIL

Your CIBIL score displays the minutest details of your repayment pattern of prevoius loans. Hence, a good or bad CIBIl score serves as a decision-maker in loan approval.

Importance of Comparing

It is always advisable to explore all the available options to the fullest. After that, listing all the pros and cons of the same also plays an important role. Once the evaluation is done it becomes very easy to do the comparison. Comparing lets you decide which option is best for you in terms of money, time and facility. The data such as rate of interest, processing fee, tenure, and services keep changing. Therefore, one has to stay updated with the daily change.

How to avoid personal loan rejections ?

1. Always keep your KYC documents free from discrepancies.
2. A mismatch of the date of birth, name spelling or address is not acceptable. Consequently, it will get your loan rejected.
3. Make sure you avoid any cheque or auto-debit bounces in existing loans.
4. Avoid or at least be careful before serving as a guarantor for someone. That person’s poor performance will severely affect your CIBIL score too.
5. Applied loan amount should not be unrealistic to get rejected.
6. Always keep in mind your income as well as existing liabilities before applying.

Documents required for Personal loan.

Salaried

ID proof

PAN card

Address proof

Passport, Adhaar, Driving license, Voter ID

Office proof

Office Id card

Income proof

Last 3 months’ salary slip

Income track record proof

Last 6 months’ bank statement

Self Employed Professional

ID proof

PAN card

Address proof

Passport, Adhaar, Driving license, Voter ID

Office proof

Office utility bill

Income proof

Last 3 years IT returns

Income track record proof

Last 6 months’ bank statement

How is BankHelplne Useful ?

In our busy lives, we have no reason to keep ourselves updated with banking related data. Unless there is a requirement. But, there is no wisdom in digging the well when you are thirsty. It is easy to imagine how industrious it is to move from bank to bank in search of the most suitable option.

Therefore, Bankhelpline provides you a single platform to get all the relevant information. Comparing several options can be easily done within the blink of an eye.

Benefits of choosing Bankhelpline

Those looking for a personal loan in Lucknow must submit their details to us for the following advantages

  1. Free counseling.
  2. Assistance throughout procedure i.e. from documentation till disbursement.
  3. Your data confidentiality is strictly maintained
  4. No frequent tele-calling.
  5. The most detailed information about all banks and NBFCs.

If looking for personal loan in Lucknow, stay with us for the best and the cheapest offer.

This beautiful city of nawabs and kababs is also well known for its generous and kind-hearted people. Lucknow is synonymous with manners. The discipline is not just a choice for the people of Lucknow. It is a part of them. It is deeply rooted in their culture. The people here believe that no dream is big enough to challenge one’s courage to achieve it. The more we learn about Lucknow, the more we are convinced about the dexterity of the people here. This is the reason why industries such as aeronautics, automotive, embroideries, furniture, and chikan work are flourishing here. It is a prime city of Uttar Pradesh in terms of administration, governance, research and development, medical facilities and education.

All the top-notch banks and the Non-banking financial companies are actively serving the people here. They keep innovating such financial products which can suit their target group of customers. The customer is the king. Hence, the products are designed keeping their requirements in mind. People of Lucknow have multiple options in lending institutions which gives them the freedom to negotiate. All they need is to learn about all the pros and cons of those options.

Bankhelpline helps you do that evaluation much easily and quickly. We have partnered with more than 50 financial institutions. Our expert team keeps updating the data every day to let our clients have the maximum of information beforehand. We resolve all your queries, enhance your understanding of various financial products and present the latest information to you. We believe in transparency of information. Our motive is to always be there for your support so that you can fulfill your dreams. Bankhelpline is a one-stop portal for all your financial requirement. We serve as a reliable source of information for our lovely fellow Indians living in Lucknow.

A personal loan is just like borrowing money from a friend or relative to meet certain unexpected expenses that occur. Especially for certain situations for which one is not prepared. Such as medical emergency, house repair or renovation. There are certain other situations as well where one plans for something but one’s savings are not enough to satisfy that. For eg, Wedding expenses and planning a vacation trip.

A personal loan is just like borrowing money from a friend or relative to meet certain unexpected expenses that occur. Especially for certain situations for which one is not prepared. Such as medical emergency, house repair or renovation. There are certain other situations as well where one plans for something but one’s savings are not enough to satisfy that. For eg, Wedding expenses and planning a vacation trip.

BANK/NBFC Interest Rate Loan Amount Processing Fees Foreclosure Charges Locking Period Tenure
IDFC Bank 11.69% – 15.00% Per Annum 1Lakh to 20Lakhs 1.5% of the loan amount Allowed after 1 EMIs, 2 – 2.5% of outstanding amount 3 Months 3 to 60 Months
HDFC Bank 10.99% – 20.00% Per Annum 50k to 40Lakhs From Rs. 1500/- Up to 2.5% of the loan amount Allowed after 12 EMIs, Prepayment charges vary by year: 2nd year – 4%; 3rd year – 3%, after 3 years – 2% 1 Year 12 to 60 Months
ICICI Bank 10.99% – 17.99% Per Annum 50k to 25Lakhs From Rs. 999/- Up to 2.0% of the loan amount and applicable Service Tax Allowed after 6 EMIs, up to 5% 6 Months 12 to 60 Months
Bajaj Finserv 12.00% – 16.00% Per Annum 1Lakh to 20Lakhs Up to 2.0% of the disbursed loan amount For Flexi Product 0% and Normal PL Upto 4% 1 Month 12 to 60 Months
Kotak Bank 11.00% – 24.00% Per Annum 1Lakh to 30Lakhs Up to 2.50% of the loan amount and applicable Service Tax Upto 4% 1 Year 12 to 48 Months
Tata Capital 11.49%-19.00% Per Annum 75k to 20Lakhs From Rs. 999/- Up to 2.0% of the loan amount and applicable Service Tax Upto 4% 6 Months 12 to 72 Months
Indusind Bank 11.49% – 20.00% Per Annum 1Lakh to 20Lakhs Up to 2% of the loan amount Upto 4% 1 Year 12 to 60 Months
Capital First 12.00% – 35.00% Per Annum 1Lakh to 15Lakhs Up to 2.0% of the loan amount and applicable Service Tax 5% of principal outstanding 1 Year 12 to 60 Months
Fullerton 17.25% – 35.00% Per Annum 65k to 20Lakhs Up to 3.5% of the loan amount Upto 4% 6 Months 12 to 60 Months
IIFL 12.00% – 20.00% Per Annum 1Lakh to 20Lakhs Up to 2% Upto 5% 9 Months 12 to 60 Months
RBL Bank 14.00% – 20.00% Per Annum 1Lakh to 20Lakhs Up to 2.0% of the loan amount and applicable Service Tax Upto 2.0 to 4.0% 1 Year 12 to 60 Months
Yes Bank 10.75% Per Annum 1Lakh to 25Lakhs Up to 2.50% of the loan amount subject to a minimum of Rs. 999/- plus taxes Foreclosure of Loan is allowed post repayment of 12 EMI’s 12 to 60 Months

*The figures provided in the table are indicative subject to change from time.

20k
Customers Served

36
Months Of Operation

50+
Banks & NBFCs

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