Overview of Personal Loan in Bawal, Rewari
Bawal, Rewari, an emerging industrial and residential hub in Haryana, offers residents access to personal loans for various needs, such as medical emergencies, weddings, or travel. Personal loans in Bawal, Rewari for 2025 provide quick, unsecured financing with interest rates starting at 10.50% p.a. Lenders like Bajaj Finance, HDFC, and Axis Bank offer loans up to ₹40 lakh with tenures up to 5 years. Loanpao helps Bawal residents compare offers, check eligibility, and apply online for instant approvals.
Eligibility Criteria for Personal Loan in Bawal, Rewari
| Criteria | Details |
|---|---|
| Age | 21 to 60 years |
| Income | Minimum ₹25,000/month (salaried); stable business income (self-employed) |
| Employment | Salaried (1 year experience) or self-employed (2 years business continuity) |
| Credit Score | Minimum 650; higher scores improve terms |
| Residence | Valid Bawal, Rewari address proof |
Documents Required for Personal Loan in Bawal, Rewari
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Bawal, Rewari address).
- Income Proof: Salary slips (last 3 months), bank statements (last 6 months), ITR (last 2 years for self-employed).
- Employment Proof: Employment certificate or business registration for self-employed.
- Photograph: Recent passport-size photograph.
Benefits of Personal Loan in Bawal, Rewari
- Loan amounts up to ₹40 lakh for personal expenses like weddings, travel, or emergencies.
- Competitive interest rates starting at 10.50% p.a. in 2025.
- Flexible repayment tenures up to 5 years.
- Instant disbursal within 24–48 hours post-approval.
- No collateral required, ideal for salaried and self-employed in Bawal, Rewari.
Factors Affecting Personal Loan in Bawal, Rewari
Interest Rate
Rates range from 10.50% to 18% p.a., based on credit score, income, and lender policies.
Loan Amount
Up to ₹40 lakh, depending on income and repayment capacity.
Credit Score
A score above 650 ensures better rates; lower scores may increase costs.
Income Stability
Stable income (minimum ₹25,000/month) is prioritized for approvals in Bawal, Rewari.
How to Apply for a Personal Loan in Bawal, Rewari
Follow these steps to apply for a personal loan in Bawal, Rewari through Loanpao:
- Visit loanpao.in and select "Personal Loan in Bawal, Rewari."
- Fill out the online application form with details (name, Bawal, Rewari address, income).
- Upload required documents (Aadhaar, income proof, bank statements).
- Compare offers from top Bawal, Rewari lenders like Bajaj, HDFC, and Axis.
- Get approval and funds disbursed within 24–48 hours in Bawal, Rewari.
Loan Eligibility for Personal Loan in Bawal, Rewari
Check your eligibility for a personal loan in Bawal, Rewari with Loanpao’s tool:
- Enter your monthly income (minimum ₹25,000).
- Provide your credit score (preferably above 650).
- Specify your employment type (salaried or self-employed).
- Include your Bawal, Rewari residence details for localized offers.
Loanpao will assess your eligibility and suggest the best personal loan offers in Bawal, Rewari.
Check Eligibility NowTrack Your Personal Loan Application in Bawal, Rewari
Loanpao provides a seamless tracker for your personal loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Bawal, Rewari.
- Contact Loanpao support for assistance with delays in Bawal, Rewari.
Personal Loan Comparison in Bawal, Rewari
Compare personal loan offers from top lenders in Bawal, Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| Bajaj Finance | 10.50% p.a. | Up to ₹40 lakh | Up to 5 years | 1–2% of loan amount |
| HDFC | 10.75% p.a. | Up to ₹30 lakh | Up to 5 years | 0.99–1.5% of loan amount |
| Axis Bank | 11.00% p.a. | Up to ₹25 lakh | Up to 4 years | 1% of loan amount |
Frequently Asked Questions
A minimum monthly income of ₹25,000 is required for a personal loan in Bawal, Rewari.
Personal loans in Bawal, Rewari are disbursed within 24–48 hours after approval.
The maximum loan amount is up to ₹40 lakh, depending on income and repayment capacity.
No, personal loans in Bawal, Rewari are unsecured and do not require collateral.
Missing an EMI may incur late fees and negatively impact your credit score.