Overview of Personal Loan in Gurugram
Personal loans in Gurugram offer quick, unsecured financing for expenses like medical emergencies, weddings, or travel. In 2025, lenders like HDFC Bank, ICICI Bank, and Bajaj Finance provide personal loans in Gurugram with interest rates starting at 10.5% p.a. Loanpao helps you compare offers, check eligibility, and apply for personal loans tailored to Gurugram residents in areas like DLF Phase 1 and Sector 56.
Eligibility Criteria for Personal Loan in Gurugram
| Criteria | Details |
|---|---|
| Age | 21 to 60 years |
| Residency | Resident of Gurugram |
| Employment Type | Salaried or self-employed |
| Minimum Income | ₹25,000 per month (salaried), ₹3 lakh p.a. (self-employed) |
| Credit Score | Minimum 750 |
| Work Experience | Minimum 1 year (salaried), 2 years (self-employed) |
Documents Required for Personal Loan in Gurugram
- Identity Proof: Aadhaar Card, PAN Card, or Passport.
- Address Proof: Utility bill, Aadhaar Card, or rental agreement (Gurugram address).
- Income Proof: Salary slips (last 3 months) or ITR (last 2 years).
- Bank Statements: Last 6 months of bank account.
- Employment Proof: Appointment letter or business registration (self-employed).
Benefits of Personal Loan in Gurugram
- Competitive interest rates starting at 10.5% p.a. in 2025.
- Loan amounts up to ₹40 lakh without collateral.
- Flexible repayment tenure from 1 to 5 years.
- Instant approval and disbursal within 24-48 hours.
- No restrictions on end-use of funds.
Factors Affecting Personal Loan in Gurugram
Interest Rate
Rates range from 10.5% to 22%, based on credit score and income.
Loan Amount
Up to ₹40 lakh, depending on income and repayment capacity.
Credit Score
A score above 750 ensures better rates and approval.
Income Stability
Consistent income improves eligibility and loan terms.
How to Apply for a Personal Loan in Gurugram
Follow these steps to apply for a personal loan in Gurugram through Loanpao:
- Visit loanpao.in and select "Personal Loan in Gurugram."
- Fill out the online application with personal and income details.
- Upload required documents (ID, income proof, bank statements).
- Submit the application and get approval within 24 hours.
- Receive funds within 48 hours after verification.
Loan Eligibility for Personal Loan in Gurugram
Check your eligibility for a personal loan in Gurugram with Loanpao’s eligibility tool:
- Enter personal details (age, income, employment type).
- Provide Gurugram address for localized offers.
- Specify loan amount and purpose.
Loanpao will instantly assess your eligibility and suggest the best personal loan offers in Gurugram.
Check Eligibility NowTrack Your Personal Loan Application in Gurugram
Loanpao provides a seamless tracker for your personal loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on your application status (e.g., verification, approved, disbursed).
- Receive notifications for disbursal updates in Gurugram.
- Contact Loanpao support for assistance with delays in Gurugram.
Personal Loan Comparison in Gurugram
Compare personal loan offers from top lenders in Gurugram:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 10.5% p.a. | Up to ₹40 lakh | 1 to 5 years | Up to 2.5% of loan amount |
| ICICI Bank | 11% p.a. | Up to ₹30 lakh | 1 to 5 years | Up to 2% of loan amount |
| Bajaj Finance | 12% p.a. | Up to ₹25 lakh | 1 to 4 years | Up to 3% of loan amount |
Frequently Asked Questions
A personal loan is an unsecured loan for Gurugram residents to meet personal financial needs like medical expenses, travel, or debt consolidation.
Interest rates start at 10.5% p.a., depending on the lender and credit profile.
Personal loans are typically disbursed within 24-48 hours after approval in Gurugram.
Yes, a minimum credit score of 750 is typically required.
Loan amounts can go up to ₹40 lakh, depending on income and lender.
Yes, most lenders allow early repayment with minimal or no prepayment charges.
No, personal loans are unsecured and do not require collateral.
Top lenders include HDFC Bank, ICICI Bank, and Bajaj Finance in Gurugram.
Yes, Loanpao offers an online application process for personal loans in Gurugram.
Processing fees range from 2% to 3% of the loan amount, depending on the lender.