Apoorv Chaudhary
by on June 18, 2021

Options for the best personal loan at a low-interest rate are quite difficult to choose. However, individuals can get options of top 10 banks such as ICICI Bank personal loan, IndusInd Bank personal loan, Citi Bank personal loan, Kotak Mahindra Bank personal loan, and competitive interest rates offered the best personal loan in Delhi. Check out more information for these banks in this article.  

Special Personal Loan Offers in Delhi 

  • Personal loans with exceptionally low interest rates are available for Delhi Bank employees working in the IT sector. 
  • Personal Loan for Oracle India Employees and employees working at TCS, HCL Tech, the government, Google, and Accenture get special personal loan rates. 

Why Personal Loans in Delhi is offered at low-interest rates?   

Personal Loan offered at a low interest rate in Delhi. Delhi's cost of living is quite high due to its status as the nation's capital. Despite decent pay increases, it might be difficult for persons in the upper-middle-class to maintain their level of living or meet their financial obligations. 

In this circumstance, you may be able to satisfy your financial obligations by taking out a personal loan in Delhi. Some key points are listed below: 

  • Immediate, paperless approval: In Delhi, banks like provide instant, paperless approval for personal loans. You must apply for a personal loan at Afinoz, and the loan amount will be disbursed to your account within a few hours based on your eligibility. 
  • High eligibility: Banks provide larger personal loan eligibility because their multipliers range from 7 to 27, resulting in a large eligible loan amount. To achieve the required loan amount, HDFC Bank offers the highest multiplier of 27 on personal loans in Delhi. 
  • Part prepayment: After a 6- to 12-month lock-in period that varies by bank, most banks allow part prepayment on personal loans. 

Best Banks offering Personal Loan in Delhi 


Interest Rate Range 

Processing Fee Range 

Loan Amount 



11.25% - 22% (Fixed) 

2.25% (min. Rs.1149) one-time fee 

Rs.20 lakh (Max) 

1-5 Years 


10.50% -18.99 (Fixed) 

Up to 3% 

Rs.30 lakh (Max) 

1-5 Years 

Kotak Mahindra Bank 

10.99% - 24% (Fixed) 

Up to 2.5% 

Rs.15 lakh (Max) 

1-5 years 


12.99% - 36% (Fixed) 

Up to 3% of the loan amount 

Rs.25 Lakh (Max) 

1-4 Years 

State Bank of India 

11.50% - 14.90% (Fixed) 

1% (One time fee) 

Rs.24,000 - 15 lakh 

5 Years 

Yes Bank 

10.99% onwards(Fixed) 

Up to 2.50% of the loan amount subject to a minimum of Rs.999 including taxes (One-time fee) 

Rs.40 lakh (Max) 

1-5 Years 

Eligibility Criteria of Personal Loan  

  • Nationality: You must be an Indian citizen. 
  • Age: The minimum age is 21 and the highest age is 60. 
  • Credit Score: You should have a credit score of at least 700. 
  • A monthly income of Rs 20,000 is required. 

Work Experience  

  • For Salaried 
  • Currently employed for at least 6/12 months at the current firm 

  • For Self-Employed  
  • Business tenure of at least 3 years (consistent)  
  • ITR for the last 3 years Self-Employed 

Note: You can also use to check your loan eligibility. Furthermore, you will get a useful personal loan EMI calculator that will assist you in determining the amount of loan you should take out. Additionally, before applying for a loan, you can take advantage of our free credit report service, which provides an in-depth study of your credit history. 

Documents required for Personal Loans 

  • At least 2 months of payslips for the company: Employed candidates, or 2 months of income proof for self-employed candidates, as well as standard KYC documentation such as Aadhar card, drivers' license, PAN card, and so on. 
  • Bank account statements for at least 6 months: The salary account of the salaried individuals, or current account for self-employed individuals. 

Salary requirements to avail Personal Loan in New Delhi 

Every bank and NBFC has minimum wage criteria that consumers must meet in order to be approved for a loan. Apart from considering elements like interest rate, processing fees, prepayment, and so on, double-check the bank's minimum salary requirement for a specific loan. As previously stated, the salary need differs by the bank. 

  • For salaried workers, the minimum salary need varies depending on the bank you are borrowing from. Generally, the minimum income need is between Rs.7,500 and Rs.50,000. 
  • Self-employed individuals must present documentation of income for the last two financial years. The income criterion for obtaining a loan is usually between Rs.1 lakh and Rs.2 lakh (profit). 


Hope this article will guide you to avail the best personal loan in Delhi. You can compare and choose the bank providing personal loans at low-interest rates, and flexible repayment tenure. If you need to get more information then, contact and get the loan approval at short tenure.  



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