Personal Loan in Ludhiana

Salaried Self-Employed

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Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs.75 Lakhs !

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Salary should be Minimum Rs.10,000!

Salary should be Maximum Rs.10 Crores !

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Minimum Turnover Should Be Rs. 3 Lakhs!

Turnover Limit Exceeded !

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

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Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

4.5 /5(500 Votes)

Personal Loan in Ludhiana

Overview of Personal Loan in Ludhiana

Personal Loan in Ludhiana offers financial support against any kind of financial obstacle. Using Easy Personal Loan in Ludhiana, you can meet almost all kinds of financial needs. Starting from child’s education to wedding expenses, house renovation to purchase of consumer durable goods, debt consolidation to vacation, you can easily fulfill your monetary needs using Easy Personal Loan in Ludhiana. You need to have a CIBIL score of minimum 750 or above and a decent income to obtain low interest Personal Loan in Ludhiana. Instant Personal Loan in Ludhiana does not pledge any kind of collateral or security. Unsecured Personal Loan in Ludhiana offers low interest rate for applicants having high CIBIL score and stable income source with good repaying capacity. You can avail Personal Loan in Ludhiana from Rs. 25,000 to Rs. 25 lakhs from Personal Loan Finance Company in Ludhiana.

Why you should opt for Personal Loan in Ludhiana?

Ludhiana, the largest city of Punjab is famous for its apparel industry. Many small scale, medium and large scale manufacturing industries have been set up in Ludhiana. This resulted in large industrial growth which is increasing the demand for Personal Loan in Ludhiana. With the help of Urgent Personal Loan in Ludhiana, you get additional cash almost instantly by submitting minimum documents. Personal Loan in Ludhiana gets disbursed very quickly and can be easily repaid with easy EMI. For low interest Personal Loan in Ludhiana, you need to have a minimum CIBIL score of 750 or above with a stable income source. But for low cibil score Personal Loan in Ludhiana, a higher interest rate is charged.

Here’s the reason as to why should you opt for Personal Loan in Ludhiana –

  • Low processing fee is charged along with the interest rate for Personal Loan in Ludhiana. No hidden fees are charged.
  • You can avail Urgent Personal Loan in Ludhiana to meet your financial needs and can repay within the tenure of 1 year to 5 years.
  • Unsecured Personal Loan in Ludhiana offers attractive interest rates with easy EMI option.
  • Personal Loan in Ludhiana for salaried as well as Personal Loan in Ludhiana for self-employed individuals are available.
  • Online Personal Loan in Ludhiana offers convenient loan process with ease.
  • The Personal Loan Finance Company offers Instant Personal Loan in Ludhiana at an attractive interest rate.
  • For best Personal Loan Interest Rates in Ludhiana, you can easily go for comparing interest rates of Personal Loan in Ludhiana of various banks & NBFCs.

Eligibility Criteria for Personal Loan in Ludhiana

The eligibility criteria for Personal Loan in Ludhiana are very easy to meet. You need to have a good repaying capacity with CIBIL score of at least 750 or more to be eligible for Personal Loan in Ludhiana. Also, if you apply for Personal Loan in Ludhiana at an early age, then your repaying capacity will be high and you can obtain low interest Personal Loan in Ludhiana.

Following are the eligibility criteria to apply for Personal Loans in Ludhiana-

Personal Loan in Ludhiana Eligibility Criteria

Salaried

Self-Employed

Age of Applicant

21-60 years

25-65 years

CIBIL score

750 or above

750 or above

Profession

Works in private sectors, govt organization orMNCs

Business Professionals, public or private ltd. companies,sole propritership firms, partnership firms, etc.

Income

Minimum of Rs. 20,000

MinimumTurnover of Rs. 1 crore

Work Experience

Minimum 2 years of working experience with a minimum of 1 year in the present organization

Business Continuity for at least 3 years

Loan Amount

Up to Rs. 25 lakhs (varies with banks and NBFCs)

Up to Rs. 30 lakhs (differs with the banks & NBFCs)

Documents required for Personal Loan in Ludhiana

Following are the common set of testimonials required to apply for Personal Loans in Ludhiana-

  • Passport size photo
  • ID proof- AADHAR Card, Passport, PAN Card, Ration Card.
  • Residential Proof- Utility Bills like- Gas or Electricity or Water Bills, Driving License, Passport.
  • Personal Loan Application Form
  • For Self-Employed

    • Copy of Profit & Loss statement and audited Balance Sheet of the last 24 months
    • ITR of last 3 years.
    • Verified papers of Trade License/Partnership Deed/Sales Tax Certificate/Memorandum and Articles of Association.
  • For Salaried

    • Form 16.
    • Last 3 months salary slip.
    • Last 6 months updated bank a/c statement.

Personal Loan Interest Rates in Ludhiana of different Financial Institutions

You can easily opt for Personal Loan in Ludhiana by comparing the Personal Loan interest rates in Ludhiana of different Banks and NBFCs-

Banks

Loan Tenure

Interest Rates

Pre-Closure Charges

Processing Fees

Axis Bank Personal Loan in Ludhiana

1-5 years

15.50%*

NIL

Up to 2.00%

IndusInd Bank Personal Loan in Ludhiana

1-5 years

12.99%*

4% of outstanding principal

0.25% to 2.50%

IDFC First Personal Loan in Ludhiana

1-5 years

10.99%*

4% of outstanding

2% – 4%

YES Bank Personal Loan in Ludhiana

1-5 years

12.49%*

Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months : No charges.

2% or 3% of the principal

Kotak Mahindra Bank Personal Loan in Ludhiana

1-5 years

11.50%*

5% of outstanding principal.

Up to 2.5%

SBI Personal Loan in Ludhiana

1-5 years

12.50%*-16.60%*

3% of the prepaid amount (after 1st EMI)

Up to 3% of the loan amount

HDFC Bank Personal Loan in Ludhiana

1-5 years

10.99%*

Between 2% to 4% of the outstanding principal.

Up to 2.50%

Fullerton India Personal Loan in Ludhiana

1-5 years

17.25%*

4% of outstanding principal.

Up to 2%

Capital first Personal Loan in Ludhiana

1-5 years

16%*

4% of outstanding

Up to 2.49% of the loan amount

ICICI Bank Personal Loan in Ludhiana

1-5 years

11.49%*

5% of outstanding principal + GST

Rs. 999*

TATA Capital Personal Loan in Ludhiana

1-6 years

13.99%*

4.5% of the outstanding principal. And NIL for the initial 6 months

Up to 2%

Aditya Birla Capital Personal Loan in Ludhiana

1-5 years

11.75%*

4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months.

1% of principal.

Indiabulls Venture Capital Personal Loan in Ludhiana

1-5 years

11.99%*

5% if less than 6 months.

Up to 5%

Bajaj Finserv Personal Loan in Ludhiana

1-5 years

14.75%*

NIL

Up to 3%

ECL Finance Personal Loan in Ludhiana

1-5 years

17.50%*

4% of principal amount outstanding+GST

Up to 2% of the loan amount

*Interest rates change time to time.

FAQ’s

To avail Personal Loans in Ludhiana, you do not have to keep any security with the Banks or NBFCs. So, Personal Loan in Ludhiana is an unsecured loan.
You can easily repay Personal Loan in Ludhiana within 1 to 5 years.
You can easily prepay Personal Loans in Ludhiana by paying a certain prepayment fees that differ for different Banks & NBFCs.
*Interest rate and Loan approval are subjected to band discretion and approval.