Overview of Personal Loan in Panipat

Personal loans in Panipat offer unsecured financing for needs like medical expenses, weddings, travel, or debt consolidation. In 2025, access loans up to ₹25 lakh with interest rates starting at 10.5% p.a. Loanpao partners with lenders like HDFC, ICICI, and Kotak Mahindra to provide quick, collateral-free loans in Panipat’s growing economy.

Eligibility Criteria for Personal Loan in Panipat

Criteria Details
Applicant Type Salaried or self-employed
Age 21–60 years
Credit Score 700+ preferred
Loan Amount Up to ₹25 lakh, based on income
Monthly Income Minimum ₹20,000 (salaried), ₹3 lakh annual (self-employed)
Residency Resident of Panipat or nearby areas

Documents Required for Personal Loan in Panipat

  • Identity Proof: Aadhaar, PAN Card, or Passport.
  • Address Proof: Aadhaar, Utility Bill, or Rent Agreement.
  • Income Proof: Salary slips (3 months), ITR (2 years).
  • Bank Statements: Last 6 months of primary account.
  • Photograph: Recent passport-size photo.

Benefits of Personal Loan in Panipat

  • Competitive rates starting at 10.5% p.a. in 2025.
  • Loans up to ₹25 lakh without collateral.
  • Flexible tenures up to 5 years.
  • Instant approval and disbursal within 48 hours.
  • Easy application via Loanpao’s digital platform.

Factors Affecting Personal Loan in Panipat

Income Level

Higher income increases loan eligibility.

Credit Score

Scores above 700 secure lower rates.

Employment Stability

Consistent job or business improves approval.

Debt-to-Income Ratio

Lower ratios enhance loan sanction.

How to Apply for a Personal Loan in Panipat

Follow these steps to apply for a personal loan in Panipat through Loanpao:

  1. Visit Loanpao.com and select "Personal Loan in Panipat."
  2. Enter personal and income details.
  3. Upload identity, income, and bank documents.
  4. Choose a lender (e.g., HDFC, ICICI, Kotak Mahindra) and submit.
  5. Receive funds within 48 hours after approval.

Loan Eligibility for Personal Loan in Panipat

Check your eligibility for a personal loan in Panipat with Loanpao’s tool:

  • Enter income, credit score, and employment details.
  • Specify loan amount and tenure preferences.
  • Receive instant eligibility and loan offer estimates.
  • Compare deals from top lenders in Panipat.

Loanpao ensures quick and hassle-free personal loans.

Check Eligibility Now

Track Your Personal Loan Application in Panipat

Loanpao provides a seamless tracker for your personal loan application:

  • Enter your application ID on the Loanpao Tracker page.
  • View real-time status (e.g., under review, approved, disbursed).
  • Receive notifications for fund disbursal in Panipat.
  • Contact Loanpao support for assistance with delays.
Track Application Now

Personal Loan Comparison in Panipat

Compare personal loan offers from top lenders in Panipat:

Lender Interest Rate Loan Amount Tenure Processing Fee
HDFC 10.5% p.a. Up to ₹25 lakh Up to 5 years Up to ₹4,999
ICICI 10.75% p.a. Up to ₹20 lakh Up to 5 years 1% of loan amount
Kotak Mahindra 11% p.a. Up to ₹15 lakh Up to 4 years 1.5% of loan amount

Frequently Asked Questions

A personal loan is an unsecured loan for personal expenses like medical costs, travel, or debt consolidation.

No, personal loans are unsecured and do not require collateral.

Approval typically takes 24–48 hours after document verification.

Loans are possible with scores above 650, but rates may be higher.

Some lenders charge 2–4% for prepayment; check terms before applying.

Defaulting may lead to credit score damage, late fees, or legal action, per RBI guidelines.