Personal Loan in jaipur

Personal Loans ranging from Rs.25K to Rs.25L with a tenure starting from 6 months.


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Our Financial Institutions

  • HDFC Bank
  • ICICI Bank
  • Fullerton India
  • Yes Bank
  • Axis Bank
  • IDFC Bank
  • Tata Capital
  • Indiabulls
  • Ujjivan Small Finance Bank

Basic Eligibility Criteria

You're probably eligible for a Loan if you are

  • At Least 23 Years Old

  • Less Than 65 Years Old

  • Salary must be in your account

  • Minimum salary required Rs.15000/Month credit in bank

  • Minimum job experience / stability 6 months

Get The Best Personal Loan Deals in Jaipur Without Hassle Only @ AapkaBank

Many people land up in situations where they feel the need for a personal loan. A personal loan helps in overcoming a financial crisis, and you don’t need to pledge any security or collateral when availing the personal loan. Also, you have the flexibility of using the money as per your needs. 

However, you need to meet certain criteria when it comes to applying for the loan. Apart from eligibility criteria, you need to fulfil documentation needs for getting the loan approved. With so many options available, it can be challenging to choose the best option for a personal loan.
If you are looking for a personal loan but confused about how to proceed ahead, connect with AapkaBank. We are a leading financial service marketplace. We are corporate channel partners of reputed financial institutions with wide product range and assurance for you to get the best deal. 

Our services won’t cost you as we aspire to make common people in need self-reliant by offering loan service. We make the process of getting a personal loan in Jaipur easy by enabling you to compare and choose from different types of financial products. You can compare the options and secure a loan at the best rate on terms that suit you. 

AapkaBank serves as a platform where you can meet qualified and prepared personal provider in Jaipur. We can help you in recovering your life in a short span of time. We charge no commission on the loan amount when you apply for a personal loan through us. We also make sure that you receive the best offer by looking at your interests against the eligibility criteria of various Banks and NBFCs. 

Our wide knowledge and skill base enable us to offer required assistance to customers with a prompt impact deal. Our loans are available for people with various sum amounts and have different reimbursement terms. Usually, the reimbursement time frame depends on the amount of loan and the motivation behind the loan. 

You can explore our site to get information on your eligibility criteria and the documents required for loan application. You can also benefit from our free credit report before applying for the loan. 

Key Features of Personal Loan:

  • Loan amount can diversify from few thousands to many lacs.
  • You can apply online for a loan with the most lenders.
  • Simple process for documentation and quick processing.
  • No collateral security or guarantor needed.
  • Loan from leading Banks and NBFCs.
  • On the spot approvals and speedy disbursement of the loan.
  • Flexible tenure for repayment of the loan.
  • Some special offers for certain professionals.
  • Special offers for existing customers. 
How can personal loans help?  
  • The personal loans are versatile and hence can be used for various purposes. Unlike a car or mortgage loan, you can use the personal loan for repairs, medical bills, dream vacation, debt consolidation, and much more. 
  • The Personal loan Jaipur is so popular because of the lower interest rates. The personal loan rates are favourable as compared to the rates on credit cards. 
  • Yet another benefit of getting personal loans is that there are a variety of lenders who offer them. You can borrow personal loans from traditional sources like banks or from online lenders or NBFCs.
  • You would be surprised to know that it is possible to get a personal loan even with not great credit. Some lenders offer loan to people with not-so-excellent credits just that you might have to pay higher rates of interest to these lenders. 
  • The interest rates for personal loans are fixed, and the payment remains the same every month.
  • Loan approval for personal loans is quite fats. While the mortgages and home equity loans can take at least a month for closing, you can apply for a personal loan online and get an answer the next day. If the loan gets approved, the money will be deposited in your account within a few days.
  • Various lenders offer different repayment terms. They have multiple repayment options for personal loans. The term can vary from 1 year to 7 years, depending on the lender and your credit. 
  Availability of personal loan in Jaipur  
  • All major banks and NBFSc offer personal loan Jaipur
  • Popular banks that offer a personal loan in jaipur are IndusInd bank, RBL bank, Indian bank, Bank of India, J&K bank, Canara bank, Axis bank, SBI, Oriental bank of commerce, Citibank, ICICI bank, Central bank of India, IDBI bank, Union bank of India, Standard Chartered bank, HDFC bank, Punjab National Bank, Bajaj Finance, Shriram Finance, Sundaram Finance, etc.
  • Personal loans can be availed by both salaried and businesspeople. 
  Personal loan in Jaipur for people with bad credit   
  • The chances of getting a personal loan with bad credit history depend on how severe the credit situation had been as well as the relation you had with the lender. 
  • For individuals with bad credit, it is advised to commit to improving the credit situation before they decide to apply for a personal loan in Jaipur. 
  • It is said that you must revise and raise your credit score to a number of 700 and above to get a loan at good terms and rate of interest. 
    Eligibility criteria for getting a personal loan in Jaipur  
  • Age- the applicant must be between 21 to 65 years of age at the time of maturity of the loan.
  • Businessmen, salaried individuals, and self-employed professionals can apply for a personal loan. For people who don’t earn a regular wage, talking to the bank manager is suggested.
  • People with a minimum salary of Rs. 15000 can apply for a personal loan but the salary criteria depend on the city you live in and the company you work for. 
  • You should have work experience for at least a year with a minimum of 6 months completed with the current employer. 
  • The applicant must be staying in the same city/ address for at least 1 year.
  • The applicant must have a total work experience of at least 2 years.
  • The applicants need to have a stable and secure employment history. 
  • You can get your eligibility score checked by us to determine if you can apply for the loan or not. 
  Documents required for personal loans in Jaipur:- For self-employed professionals and Salaried applicants following documents are required when applying for a personal loan:  
  • Valid identity proof- Any one document from the following needs to be submitted- Passport, Aadhar Card, Driving License, Voter Id, PAN card.
  • Valid address proof- Passport, Ration card, Lease/ rent agreement, Driving License, Utility bill, Bank statement.
  • Income proof documents- Salary slip of last 6 months and the latest form 16 needs to be submitted.
  • Bank statement- bank statement for the past 6 months needs to be submitted along with salary credit.
  • Continuity of employment proof such as offer letter, relieving letter, etc. 
  For self-employed and business professionals, the following documents needs to be submitted along with the ones mentioned above:  
  • Degree certificate/ educational documents for self-employed professionals.
  • Proof for the existence of a business.
  • Income tax returns of the last 3 years.
  • Profit/ loss and balance sheet attested by CA for the last 3 years.
  • Other documents as directed by Bank or NBFC.
  Personal loan with low interest  
  • The personal loans with lower interest rates are usually offered to people with good credit history.
  • The interest is determined based on a few factors such as credit score and history, amount of loan V/s your income, duration of loan, and policies of the lender.
  • Thus, interest rate is different for each customer with each lender, depending on the policy, borrowing history, and credit score.
  • If you wish to get a personal loan in Jaipur approved with attractive terms, it is important to have a good credit score. 
  • You must first get a credit report and credit score. In case of low credit score, you must take time to improve the score before applying. 
  Some FAQs about Personal loan   
  • What is the minimum and maximum amount of loan for salaried people?
The amount for a personal loan varies from few thousands to lakhs of rupees depending on the eligibility criteria such as credit history, borrowing history, income, nature of the job, and repayment capacity.  
  • Is there a need for pledging any collateral for securing a personal loan?
For personal loans, there is no need for collateral or security.  
  • What are loan repayment policies?
The personal loan amount can be repaid in convenient EMI, i.e. equated monthly instalments.  
  • What does an EMI stand for?
The EMI stands for equated monthly instalments, and it is the monthly amount that applicant needs to pay the personal loan provider in Jaipur towards servicing your personal loan, including interest.   
  • How long does it take for the personal loan amount to get disbursed?
The loan amount is generally disbursed in your account within 4-7 working days after the approval and successful verification of all the required documents. After approval, you may receive an account payee cheque/ draft equal to the loan amount or get money deposited automatically to your savings account electronically.   
  • What is the loan duration?
The loan duration can vary from 1 to 5 years or 12 to 60 months. Shorter loan duration can be allowed only on a case basis, but it is rare.   
  • How much can one borrow?
Usually, the banks restrict the loan amount such that your EMI isn’t more than 40-50% of your monthly income. Also, the existing loans serviced by the applicant are also considered when calculating personal loan amount.   
  • Is there any minimum loan amount?
The exact amount varies from one institution to another. Most of the lenders offer a minimum personal loan of Rs. 30000.   
  • How to choose the lender for a personal loan?
It is advised to compare the offers from various banks before making the final decision. You must consider the interest rate, repayment terms, loan duration, processing fee, etc. when choosing the lender for a personal loan.  
  • Should I go for the lowest possible EMI?
Low EMI can lead to a longer repayment term and a lower interest rate. When choosing low EMIs, you can end up paying more interest to the lender. Use online tools to find out interest payout over the loan tenure and your repayment capacity before taking the decision. How to apply for a personal loan?  
  • Fill out the loan application form following the instructions when applying for the loan online. 
  • You must upload the soft-copy documents when submitting the application for loan.
  • The customer care personnel then contact you to discuss the status of the loan request.
  • You can also apply for a personal loan in Jaipur by walking into the office.
  • The branch representative will mention about the personal loan schemes.
  • You can then select the product that suits your needs.
  • Then you must drop an offline application by attaching the hard copy of all the required documents.
  • Your loan application will then be reviewed, and the documents will be verified based on which the loan application will be processed further. 
  About Interest rates  
  • Personal loan interest rates can vary significantly.
  • They can be as low as 11.99% and can go up to 36%.
  • The rate of interest is calculated by considering your residence location, age, monthly income, employment and work experience, financial profile, loan amount needed, duration, and any other applicable factors. 
  • Additional 3% of the loan amount is charged as processing fee.
You can foreclose the loan after payment of initial 6 EMIs, but some additional charges may be levied.

It is to be noted that lenders usually offer loan at a low-interest rate to people with good credit history. Usually, the interest rate depends on credit score, history, loan amount as compared to income, loan tenure, and lender’s policies. 

If you or someone you know is looking for a personal loan company in Jaipur, connect with us to find the best deals under one roof.