Personal Loan Bhopal | Interest Rates 2020 | EMI | Documents | Apply

Apply Personal Loan in Bhopal – Instant E-approval, Special Offers, Best Personal loan interest rates and lowest EMI from all major banks in Bhopal such as SBI, HDFC Bank, Citibank, Axis bank, Fullerton India, Bajaj Finance Standard Chartered.

Personal Loan Bhopal details:

Interest Rates 11.49% – 26.00%
Processing Fees 0.99% – 3.00%
Pre payment Charges Nil – 5.00%
Repayment Period Upto 7 years
Cibil Score Min. 750
Lowest EMI Rs. 2199.26 per lac
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Personal Loan Interest Rates in Bhopal 2020

Banks Interest Rates
HDFC Bank 10.99 – 20.75%
ICICI Bank 10.99 – 16.50%
Bajaj Finserv 11.99 – 16.00%
Fullerton India 14.00 – 33.00%
Kotak Mahindra 10.99 – 17.25%
IndusInd Bank 12.99 – 20.00%
Standard Chartered 12.00 – 17.00%

Processing Fees / Prepayment Charges

Banks Processing Fee Pre Payment Charges
Bajaj Finserv Upto 2.00% Upto 4% post 1st EMI clearance
ICICI Bank 1999 to 2.50% Zero or 5.00%
Axis Bank 2.00% Nil
Kotak 1.5 – 2.00% 5.00%
HDFC Bank 0.8% – 2.00% 4.00%
Fullerton India 2.00% Upto 7.00%, 0% after 3 year
Standard Chartered
Up to 1% Upto 5.00% of loan amount

Documents required for Personal Loan in Bhopal:

Following documents are required by financial institutions to process the loan application :

in case of Salaried

  • Identity proof
  • 3 to 6 months Bank statements
  • Residence proof
  • Salary slip
  • Guarantors & their same set of documents

In case of Self Employed

  • Balance Sheets
  • Profit & Loss Account
  • Partnership Deed & other mandatory documents etc.

About Bhopal:

Bhopal is known as the City of Lakes for its various natural as well as artificial lakes and is also one of the greenest cities in India. Bhopal is the 14th largest city in India and 231st largest city in the world. It is basically divided into two parts – old Bhopal and new Bhopal.

The major industries in the old city are electrical goods, medicinal, cotton, chemicals and jewelry. Other industries include cotton and flour milling, cloth weaving and painting, as well as making matches, sealing wax, and sporting equipment.[24] The residents of Bhopal also engage in large retail businesses. Handicrafts, like zardozi and batua (a small string purse, usually used with Indian traditional dresses) are some of the products of the Old City. In addition, there are also a large number of garages in the Old City which specialise in automobile conversion. These garages produce custom-modified and tuned cars, SUVs and motorbikes.

Bank Branches in Bhopal for Personal loans

Bank of India -Modh Samaj Bhawan, Marvadi Rd, Near Masjid, Post Bag No.1, Azad Market, Peer Gate Area, Bhopal, Madhya Pradesh 462001
Bank of Baroda – Airport Rd, Indra Vihar Colony, Tilak Nagar, Lalghati, Bhopal, Madhya Pradesh 462030
Indian Bank -No.161, Hoshangabad Rd, Zone-2, Maharana Pratap Nagar, Bhopal, Madhya Pradesh 462011
ICICI Bank -Shop Number 7,8,9 and 10, Centre Point, New Market, TT Nagar, Bhopal, Madhya Pradesh 462003
Syndicate Bank -FF, Quality Parikrama Building, 4, Hoshangabad Road, Shikhar Varta, Zone-I, Maharana Pratap Nagar, Bhopal, Madhya Pradesh 462011
PNB – 7-B, Raisen Rd, Opposite BHEL, Sector B, Indrapuri, Bhopal, Madhya Pradesh 462021
Vijaya Bank -172, Near Sargam Cineplex, Zone-II, Maharana Pratap Nagar, Bhopal, Madhya Pradesh 462011
SBI – Bhadbhada Road, Main Branch, New Market, TT Nagar, Bhopal, Madhya Pradesh 462003