Overview of Personal Loan in Sonipat

Personal loans in Sonipat offer quick, unsecured funding for emergencies, weddings, or debt consolidation, ideal for salaried and self-employed individuals.

Eligibility Criteria

Criteria Details
Applicant Type Salaried or self-employed
Age 21–60 years
Income ₹15,000 p.m. minimum (salaried), ₹2.5 lakh p.a. (self-employed)
Credit Score 650+
Employment Minimum 1 year (salaried), 2 years (self-employed)
Collateral Not required

Documents Required

  • Identity Proof: Aadhaar, PAN Card
  • Address Proof: Utility bill, Aadhaar
  • Income Proof: Salary slips (3 months), ITR (2 years)
  • Bank Statements: Last 6 months
  • Employment Proof: Offer letter, business registration

Benefits of Personal Loan in Sonipat

  • Loans up to ₹20 lakh for flexible needs
  • Competitive rates starting at 10.5% p.a.
  • Quick disbursal within 2–7 days
  • No collateral required
  • Flexible tenures up to 5 years

Compare Personal Loan Lenders in Sonipat

Lender Interest Rate Loan Amount Tenure Processing Fee
HDFC Bank 10.5% p.a. Up to ₹20 lakh 5 years 0.99%
Axis Bank 11% p.a. Up to ₹15 lakh 4 years 1.5%
Bajaj Finance 11.5% p.a. Up to ₹10 lakh 3 years 2%

Frequently Asked Questions

What can I use a personal loan in Sonipat for?

Weddings, medical emergencies, travel, or debt consolidation.

Do I need a guarantor for a personal loan?

No, personal loans are unsecured and typically don’t require a guarantor.

How long does it take to get a personal loan approved?

Usually 2–7 days, depending on the lender and documentation.

What is the minimum credit score required?

A score of 650+ is preferred for better rates and approval chances.

Can I prepay my personal loan?

Yes, most lenders allow prepayment with minimal or no charges after 6–12 EMIs.

What happens if I miss an EMI?

Late fees and a negative impact on your credit score may occur.

Promotional Offers for 2025

  • Interest rates starting at 10.5% p.a. for personal loans in Sonipat
  • Zero processing fees for applications before 31st May 2025
  • Free credit score check with Loanpao on application
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