Overview of Personal Loan in Sohna
Personal loans in Sohna for 2025 offer quick, unsecured financing for needs like medical emergencies, travel, or debt consolidation. With interest rates starting at 10.5% p.a., lenders like HDFC Bank, ICICI Bank, and Bajaj Finance provide loans from ₹50,000 to ₹40 lakh, with tenures up to 5 years. Loanpao enables Sohna residents to apply online, compare offers, and receive funds within 24–48 hours.
Eligibility Criteria for Personal Loan in Sohna
| Criteria | Details |
|---|---|
| Age | 21 to 60 years |
| Income | Minimum ₹25,000/month (salaried); ₹3 lakh p.a. (self-employed) |
| Employment | Salaried (1 year experience) or self-employed (2 years business continuity) |
| Credit Score | Minimum 650; higher scores improve terms |
| Residence | Valid Sohna address proof |
Documents Required for Personal Loan in Sohna
- Identity Proof: Aadhaar, PAN Card, Driving License, Passport, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Sohna address).
- Income Proof: Salary slips (last 3 months), bank statements (last 6 months), ITR (last 2 years for self-employed).
- Employment Proof: Appointment letter, business registration (self-employed).
- Photograph: Recent passport-size photograph.
Benefits of Personal Loan in Sohna
- Loan amounts from ₹50,000 to ₹40 lakh for various personal needs.
- Competitive interest rates starting at 10.5% p.a. in 2025.
- Flexible repayment tenures up to 5 years.
- No collateral required for unsecured loans.
- Instant disbursal within 24–48 hours in Sohna.
Factors Affecting Personal Loan in Sohna
Interest Rate
Rates range from 10.5% to 22% p.a., based on credit score, income, and lender policies.
Loan Amount
From ₹50,000 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
Consistent income in Sohna improves loan approval chances.
How to Apply for a Personal Loan in Sohna
Follow these steps to apply for a personal loan in Sohna through Loanpao:
- Visit loanpao.in and select "Personal Loan in Sohna."
- Fill out the online application form with details (name, Sohna address, income).
- Upload required documents (Aadhaar, salary slips, bank statements).
- Compare offers from top Sohna lenders like HDFC Bank, ICICI Bank, and Bajaj Finance.
- Get approval and funds disbursed within 24–48 hours in Sohna.
Loan Eligibility for Personal Loan in Sohna
Check your eligibility for a personal loan in Sohna 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 Sohna address for localized offers.
Loanpao will assess your eligibility and suggest the best personal loan offers in Sohna.
Check Eligibility NowTrack Your Personal Loan Application in Sohna
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 Sohna.
- Contact Loanpao support for assistance with delays in Sohna.
Personal Loan Comparison in Sohna
Compare personal loan offers from top lenders in Sohna:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| HDFC Bank | 10.50% p.a. | Up to ₹40 lakh | Up to 5 years | Up to 2.5% of loan amount |
| ICICI Bank | 11.00% p.a. | Up to ₹25 lakh | Up to 5 years | Up to 2% of loan amount |
| Bajaj Finance | 12.00% p.a. | Up to ₹35 lakh | Up to 4 years | Up to 3% of loan amount |
Frequently Asked Questions
A minimum monthly income of ₹25,000 is required for a personal loan in Sohna.
Personal loans in Sohna are disbursed within 24–48 hours after document verification.
The maximum loan amount is up to ₹40 lakh, depending on income and repayment capacity.
No, personal loans in Sohna are unsecured and do not require collateral.
Missing an EMI may incur late fees, negatively impact your credit score, and lead to legal action by the lender.