Personal Loan Solan

About Solan:

Solan is the district headquarters of Solan district (created on 1 September 1972) in the Indian state of Himachal Pradesh. The largest Municipal Council of Himachal Pradesh. According to the 2011 Indian census, Solan city has a population of 2,04,078. Hence Solan is the Second most populous city of Himachal Pradesh after Shimla. Solan is an industrial hub of Himachal Pradesh. Tourism also contributes to the economy of Solan. One the tehsil of Solan known by the name of Nalagarh is also known as the Pharma Hub as after the introduction of Special Subsidies by the Prime Minister of India in the year 1999.

Get lowest interest rates on Personal loan in Solan from top 10 Banks & your CIBIL score absolutely FREE.
Loan Amount
Employment Status

Personal Loan Interest Rates in Solan

Banks Rate of Interest Processing Fee Loan Amount Prepayment Charges Disbursal Time Part Payment Option
Yes Bank 10.45% - 16.99% Upto 2% Rs.100,000 - Rs.20,00,000 Nil Above 7.5Lacs 48 Working Hours No
IDFC First Bank 10.49% - 25% 2% - 2.5% Rs.100,000 - Rs.1,00,00,000 5% of Principal outstanding 24-48 hours Yes
Kotak Bank 10.50% - 16.99% 0.99% - 2.5% Rs.100,000 - Rs.20,00,000 Zero (if loan Amount is more than 10 lakhs) Else 5% 3 - 4 working days Yes
HDFC Bank 10.75% - 13.45% upto 3999 + GST Min. 50,000 Max. as per eligibility Nil (For Loan amount>10 lakhs and 12 EMI paid), else 4% 3 - 4 Days No
ICICI Bank 11% - 17.50% Rs.999 for Special offers otherwise 1% - 2.5% Rs.50,000 - Rs.20,00,000 Nil (For Loan amount >10 lacs & 12 EMI paid), else 5% 3 - 4 working days No
Standard Chartered 11.00% - 12.50% 1% Rs.1,00,000 - Rs.50,00,000 Upto 5% 3-4 Working days Yes
Citibank 11.49% to 16.50% Upto 2.0% + 0.5% (waiver on PF)
Special surprise gift from Citi Bank		 Rs.1,00,000 - Rs.30,00,000 Upto 3% 48 hours Yes
Bajaj Finance 11.99% - 16% Upto 2% Upto Rs.25 Lacs Upto 4% post 1st EMI clearance Approval In 48 Hours Yes
Tata Capital 11.99% - 17% Rs.999-2.50% Rs.75,000 - Rs.15 Lacs Part Prepayment Charges: Nil (Allowed Post 6 months, Once a year, 25% of Principal Outstanding) Loan disbursement in 3-4 days Yes
SMFG India Credit 11.99% - 26% 2% Rs.50,000 - Rs.15,00,000 Upto 7.00%, 0% after 3 years 2-8 days No
IndusInd Bank 12.99% - 20% 0.5% -2% Rs.1,00,000 - Rs.25,00,000 4% 4 working days No
HDB Financial Services 16% - 21% up to 2% Rs.100,000 to Rs.15,00,000 Nil for Selected Corporates Employees (CAT A & B).
4% For Rest		 2 days - 7 days No

Eligibility Criteria
Eligibility Criteria for Personal Loan in Solan
Banks offer Loan to borrowers depending on various factors such
as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date.
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Banks offer Loan to borrowers depending on various factors such as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date. The eligibility criterion of a personal loans is primarily based on the work profile of a loan seeker which is broadly divided into the following two classes:
Salaried Self Employed
Metros: Minimum Salary Required is Rs. 15000/- p.m
Other Cities: Minimum Salary is Rs. 12500/- p.m 		Metros: Minimum ITR Rs. 150000/-
Other Cities: Minimum ITR Rs. 150000/-

List of Personal Loans Banks
HDFC Bank
ICICI Bank
Bajaj Finserv
Yes Bank
Canara Bank
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HDFC Bank Bajaj Finserv ICICI Bank Axis Bank
SMFG India ING Vysya Kotak Bank HDB Financial Services
Bank of India Union Bank of India United Bank of India Punjab National Bank
IndusInd Bank Dena Bank Andhra Bank Citibank
Indian Bank Vijaya Bank Corporation Bank RBS

Documents required
for Personal Loan
Documents required for Personal
Loan in Solan
Identity Proof : Passport/ Driving License/PAN card/ Photo credit card (with embossed Signature and last two months
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Age Proof : PAN Card/ Passport/ Driving License / School leaving certificate/ Voter’s card/BirthCertificate/ LIC policy (only for age Proof). (Anyone of the above) Address Proof : Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements) (Anyone of the above)
Income Proof : Latest salary slip/current dated salary Certificate with latest form 16 (Anyone of the above)
Job Continuity Proof : Form 16/relieving letter/appointment Letter (for last two months) (Anyone of the above)
Banking History : Bank statements of latest 2 months/ 3 months bank passbook (Anyone of the above)

Eligibility Criteria
Eligibility Criteria for Personal Loan in Solan
Banks offer Loan to borrowers depending on various factors such
as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date.
close
Banks offer Loan to borrowers depending on various factors such as income, employment, continuity of business so as to make sure that they repay the loan with interest before the due date. The eligibility criterion of a personal loans is primarily based on the work profile of a loan seeker which is broadly divided into the following two classes:
Salaried Self Employed
Metros: Minimum Salary Required is Rs. 15000/- p.m
Other Cities: Minimum Salary is Rs. 12500/- p.m 		Metros: Minimum ITR Rs. 150000/-
Other Cities: Minimum ITR Rs. 150000/-

List of Major Bank Branch Address of Personal loans in Solan:

  • Axis Bank Ltd - Khasra No. 7685, Ward No. 2, Mauza Kathar Kapoor Complex, The Mall, Solan, Himachal Pradesh 173212
  • ICICI Bank Branch & ATM. - Solan - Kapoor Complex,The Mall, Solan, Himachal Pradesh 173212
  • HDFC Bank Branch / ATM - Solan, Opposite Uco Bank, The Mall Opposite Uco Bank, Solan, Himachal Pradesh 173212
  • Central Bank Of India - The Mall, Saproon, National Highway 5, Solan, Himachal Pradesh
  • Punjab National Bank - Mall Rd, Mall Road Solan, Lawi Khurd, Solan, Himachal Pradesh 173212
  • Allahabad Bank - rajgarh road, Solan, Himachal Pradesh 173212
  • Punjab National Bank Solan - Solan, Himachal Pradesh 173212
  • UCO Bank Branch Bypass - National Highway 22, Solan, Himachal Pradesh 173212
  • Bhagat Urban Co-Op Bank - Solan, Himachal Pradesh 173212
  • HDFC Bank Branch / ATM - Sirmour, Ward No - 6, Main Gurudwara Road Near Obc Bank, Poanta Sahib, Himachal Pradesh 173025

 

Tips to Get Best Personal loan deals in Solan:

1) Compare exact EMI | Processing fee |Tenure| Documents checklist before choose the bank.

2) Never pay any fee to any person to get loan sanctioned. Processing fee is deducted from Loan amount.

3) Only give documents to one bank and check whether he is authorized Bank employee or vendor.

4) For getting more loan from bank – Pay regular bills or payments of credit cards, and Try to increase your income with the help of these steps you get more& more personal loan amount from bank.

 

What are the minimum and maximum loan amounts?

 

You can avail of loans ranging from Rs 50,000/- to Rs 25,00,000/- depending on your eligibility, income and repayment capacity.

 

What are the loan tenure options?

 

The loan can be repaid over a period of 12 to 60 months ( 1 Year to 5 Years).

 

Eligibility Or Loan Amount Depends on your Credit Score, Banks Policies, Company in which you are working, your Income or salary, Area in which you are live, Work experience etc. Or better to pay your credit cards or loan amounts on time to get more loan amount from banks at the time of apply new personal loans.

 

If you want to know how much you have to pay for your loan amount – Calculate Personal loan EMI with Calculator

Documents required for Personal Loan in Solan:

The documentation process is very fast on Personal loans. Following documents are required by financial institutions to process the loan application :

In case of Salaried
  • Identity proof
  • 3 to 6 months Bank statements
  • Residence proof
  • Salary slip
  • Guarantors & their same set of documents
 In case of Self Employed
  • Balance Sheets
  • Profit & Loss Account
  • Partnership Deed & other mandatory documents etc.

One of the leading players in the personal loan business offers loans for personal use without providing security or guarantors. Avail a personal loan for the renovation of your home, a marriage in the family, a holiday with your family, medical expenses or for an emergency.

A Borrowers can also look for Home Loan in Solan, Credit Card in Solan, Business Loan in Solan and Car Loans in Solan.

Compare All Banks Personal Loans in Solan

SBI HDFC Bank ICICI Bank Axis Bank
Bajaj Finance Indusind Bank Fullerton India TATA Capital
Ratnakar Bank Citibank Standard Chartered Kotak Bank
Bank of Baroda Uco Bank Dena Bank Federal Bank

 
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Top Bank for Personal Loans

Personal Loan Rates 2023

ICICI Bank 10.99 - 16.50%
Kotak Mahindra 10.99 - 17.25%
Standard Chartered 11.50 - 18.00%
HDFC Bank 10.99 - 20.75%
Bajaj Finserv 11.99% onwards
IndusInd Bank 12.99 - 20.00%
SBI 12.90 - 16.55%
Citibank 10.99%
Tata Capital 10.49 - 19.00%
SMFG India 11.99 - 26.00%

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