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Personal Loan in Jaipur

Looking for the best personal loan in Jaipur? Then you are in for a pleasant surprise. This guidance is specifically designed for those fortunate souls who call the vibrant city of Jaipur their home. Here we will compare various loan options from different banks and NBFCs, helping you find the easiest and cheapest personal loan to meet your financial needs. Besides, gain insight into key features, eligibility criteria, and essential tips to expedite the loan process and secure instant approval.

Jaipur Personal Loan - An Overview

Whether it be burdensome debt with exorbitant interest rates, an unforeseen medical expense that caught you off guard, a sudden breakdown of your vehicle, or any other unannounced financial emergency, personal loans emerge as highly adaptable solutions to address almost any of your financial needs. Again, perhaps the most favourable thing that makes personal loans popular is their non-collateral nature, sparing borrowers the need to pledge any valuable asset as security during the application process.

Anyway, if you reside in the pink-vibrant city of Jaipur and need a personal loan, you've got a long list of options from lenders in your area. And to help you find the best personal loans in Jaipur, Urban Money has meticulously analysed data points from over 20 esteemed banks and NBFCs, thus formulating an objective scoring system for the finest lenders catering to diverse profiles and requirements. Our evaluation encompassed critical factors such as interest rates, processing fees, repayment terms, penalties, and loan limits. Furthermore, we conducted an in-depth analysis of the minimum eligibility criteria stipulated by different lenders and the customer experience offered.

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Check Personal Loan interest rates available in Jaipur from India's leading banks.

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HDFC Bank Personal Loan in Jaipur starting at.

10.5% - 24%

ICICI Bank Personal Loan in Jaipur starting at.

10.5% - 16%

Axis Bank Personal Loan in Jaipur starting at.

10.49% - 22%

IDFC FIRST Bank Personal Loan in Jaipur starting at.

10.49% - 36%

YES Bank Personal Loan in Jaipur starting at.

10.99% - 20%

Kotak Bank Personal Loan in Jaipur starting at.


RBL Bank Personal Loan in Jaipur starting at.

14% - 23%

Federal Bank Personal Loan in Jaipur starting at.

10.49% - 17.99%

IndusInd Bank Personal Loan in Jaipur starting at.

10.25% - 26%

State Bank of India Personal Loan in Jaipur starting at.


IDBI Bank Personal Loan in Jaipur starting at.

11% - 15.5%

Punjab National Bank Personal Loan in Jaipur starting at.

10.4% - 16.95%

karnataka bank Personal Loan in Jaipur starting at.

12% - 17%

karur Vysya Bank Personal Loan in Jaipur starting at.

11% - 14%

HSBC Personal Loan in Jaipur starting at.

9.99% - 16%

Key Features of Personal Loans in Jaipur

Multipurpose Loan

In personal loan Jaipur, no matter what your occasion is — be it for buying a car, renovating your home, higher studies, travel, or any other purpose — lenders are willing to offer loans in a jiffy, granting you unparalleled freedom to utilise the funds as per your discretion; the lenders care nothing about it.

No Collateral/Security

You required zero collateral to secure an instant personal loan in Jaipur. Yes, this borrower-friendly aspect holds true in almost every financial institution in India, eliminating the need for pledging valuable assets or providing any form of security against the loan amount. Consequently, this allows you to acquire the necessary funds without jeopardising your assets.

Flexible Loan Amount

At personal loan Jaipur, you can avail of a loan amount ranging from Rs. 50,000 to Rs. 30 lakhs or more. This wide range of available loan amounts ensures you can secure the funds necessary to meet your financial requirements while aligning with your unique circumstances and aspirations. However, the exact loan quantum will be determined by various factors, such as your eligibility criteria and the lending institution's policies.

Competitive Interest Rates

You will be pleased to know that the personal loan interest rates in Jaipur are very attractive and affordable, commencing from just 9.60%. These interest rates are among the lowest in the market, which means you can borrow money without worrying about paying too much interest. As a result, this advantageous scenario paves the way for substantial long-term savings, allowing you to retain a significant portion of your hard-earned money.

Flexible Repayment Terms

Personal loan Jaipur offers you the option to select a repayment period that suits your financial situation and goals, spanning up to five/six years or even more, depending on the lenders and their terms. Namely, this remarkable feature empowers you to adjust your loan EMIs with utmost flexibility, enabling you to mitigate the likelihood of default.

Quick Disbursal

Getting a personal loan in Jaipur is a swift process — whether you choose a personal loan NBFC in Jaipur or opt for a bank. Typically, the entire process can be completed within a remarkably short timeframe of 1 to 2 business days. Additionally, certain lenders go the extra mile by offering doorstep service, ensuring a streamlined process and catering to your needs in a personalised manner.

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Interest Rate and Charges in Jaipur for Personal Loan

The interest rate and charges for a personal loan in Jaipur may differ depending on the lender, your eligibility, loan amount and tenure. However, some of the top lenders that offer competitive personal loans in Jaipur are:

Bank Interest Rate (p.a) Processing Fee (p.a) Loan Amount (Max) Tenure
Citibank 10.75% to 14.99% Up to 1.50% Up to Rs.30 lakh 1 - 5 years
IDFC First Bank 10.49% to 36% Up to 3.5% Up to Rs.40 lakh 1 - 5 years
Standard Chartered 11.49% onwards Up to 2.25% Up to Rs.50 lakh 1 - 5 years
TATA Capital 10.99% to 29% Up to 3% Up to Rs.35 lakh 1 - 6 years
IndusInd Bank 10.49% onwards Up to 3% Up to Rs.50 lakh 1 - 5 years
HDFC Bank  10.50% to 24% Up to Rs 4999/- Up to Rs.40 lakh 1 - 5 years
Aditya Birla 13% to 28% Up to 3% Up to Rs.50 lakh 1 - 7 years
Kotak Mahindra 10.99% onwards Up to 3% Up to Rs.25 lakh 1 - 5 years
Bank of India 10.25% onwards Up to 2% Up to Rs.10 lakh 1 - 5 years
Bank of Baroda 10.9% to 18.25% Up to 2% Up to Rs.15 lakh 1 - 7 Years
Central Bank 12.35% onwards Up to 1% Up to Rs.20 lakh 1 - 7 Years
IDBI Bank 9.50% to 14.00% Up to 1% Up to Rs.5 lakh 1 - 5 years
SBI 11.00% to 14.00% Up to 1% Up to Rs.20 lakh 1 - 7 years
Union Bank  12.60% to 15.50% Up to 1% Up to Rs.15 lakh 1 - 5 years
Yes Bank 10.99% to 20% Up to 2% Up to Rs.40 lakh 1 - 5 years

Best Personal Loan offers in Jaipur from top Banks/NBFCs

Here are the best banks/NBFCs for personal loans in Jaipur:

  • HDFC Bank
  • State Bank of India
  • ICICI Bank
  • Axis Bank
  • Kotak Mahindra Bank
  • Bajaj Finserv
  • IndusInd Bank
  • Yes Bank
  • Punjab National Bank
  • Tata Capital
  • Fullerton India
  • StashFin
  • Faircent
  • Kreditbee
  • Navi Finserv

What Are the Eligibility Criteria for a Personal Loan in Jaipur?

The eligibility criteria for personal loan finance in Jaipur may differ from one lender to another. However, common eligibility criteria for getting an easy personal loan in Jaipur are as follows:

  • The applicant’s age must fall between 22 and 60 years.
  • The applicant should have a monthly income of not less than Rs. 15,000; an income above Rs. 25,000 would be preferable.
  • The applicant must possess a minimum of one year of work experience.
  • The applicant is expected to have a favourable credit score, preferably 750 or higher. However, certain financial institutions in India, such as HDFC Bank, Canara Bank, Money View, and others, may consider granting loans to individuals with credit scores ranging from 600 to 650.
  • The applicant should be an Indian resident

What Are the Documents Required for Getting a Personal Loan in Jaipur?

When you apply for a personal loan in Jaipur, you will be required to provide information/documents to the lender along with your application. The lender will avail this information to verify your identity and assess your creditworthiness — whether you can repay the loan.

Expect to provide some or all of the following documents for getting an instant personal loan in Jaipur are:

  • Proof of Identity: PAN Card, Voter’s ID, Passport, or Driving Licence
  • Proof of Residence: Utility bill, Ration Card, Passport, or Property Tax
  • Proof of Income: Latest 3 months’ salary slips or bank statement

Application Process and Approval Timeline of Personal Loans in Jaipur

The application process and approval timeline for a personal loan in Jaipur may differ depending on the lender, but some of the common steps are:

  • Fill out the online or offline application form with the required personal and financial information such as your name, address, income, PAN card, Aadhaar card, etc.
  • Upload or submit the necessary documents — PAN card, Aadhaar card, valid passport, valid voter ID, valid driver’s licence, utility bills, salary slips, bank statements, income tax returns or Form 16, etc — along with your application.
  • Wait for the lender to evaluate your eligibility and creditworthiness based on the information and documents you submitted. Ideally, it won’t take more than a day.
  • Upon approval, sign the loan agreement. Subsequently, the approved loan amount will be credited to your designated bank account.

The entire process can typically be accomplished within 1 to 2 business days, from submitting the loan application to disbursement.

Tips for Choosing the Right Personal Loan in Jaipur

Securing an easy, cheap, and instant personal loan in Jaipur required tactics and analytical skills. And, of course, it can be a daunting task. However, you can follow some tips to make well-informed decisions that meet your needs.

  • Compare interest rates: Interest rate plays a pivotal role in securing the cheapest personal loan in Jaipur. Opting for a lower interest rate leads to lessened overall payments, whereas higher interest rates result in higher repayment amounts. Therefore, it is crucial to compare the interest rates offered by different lenders and choose the lowest rate for your loan.
  • Assess your repayment capacity: Determine your ability to repay the loan on time without defaulting or delaying. I.e., you should assess your repayment capacity by considering your income, expenses, existing debts, and savings. You can also use a personal loan EMI calculator to estimate your monthly instalments and plan your budget accordingly.
  • Choose tenure wisely: The loan tenure refers to the duration for which you borrow the funds. You should be vigilant in choosing a suitable tenure that aligns with your repayment capacity and financial objective. Notably, a longer tenure may result in reduced EMI amounts but can lead to higher interest costs. On the other hand, choosing a shorter tenure may increase your EMI amount but has the potential to lower your interest costs.
  • Analyse additional charges: Pay attention to processing fees, prepayment penalties, or any hidden charges that may accompany your loan. In case of any doubts, inquire with the lender's representative via phone or by visiting them directly. Doing so can effectively mitigate the risk of encountering any unpleasant surprises down the line.


From big-ticket purchases to planning an event, personal loans in Jaipur can serve as an exceptional solution. However — it may seem quite handy and manageable — two important factors, interest rate and the processing fee, determine what kind of financial liability will fall on you on account of the loan. To put it bluntly, several lenders are in the market, and each offers the same product at a different interest rate. So, before applying for a personal loan in Jaipur, it is prudent to ensure that you have thoroughly compared features such as interest rates, loan tenure, processing fees, etc. and then ultimately pick the cheapest one.


How long does it take for a personal loan to be approved in Jaipur?

It typically takes around 1 to 2 business days. However, some lenders claim to offer a loan below 24 hours as well.

Can I get a personal loan with a bad credit score in Jaipur?

Yes, it is possible. Some lenders are available to provide a loan with poor credit scores. Although, most probably, such borrowers will have to bear high-interest rates and unfavourable terms.

Can I prepay or foreclose a personal loan in Jaipur?

Yes, you can. Some lenders may allow you to prepay or foreclose your loan without any charges, while others may levy a certain percentage of the outstanding principal amount as a penalty.

What happens if I default on my personal loan in Jaipur?

Defaulting on a personal loan can result in severe consequences. These include a significant decline in your credit score, the imposition of penalties, and the possibility of legal proceedings against you under Section 420 of the Indian Penal Code.

Can I apply for a personal loan from multiple lenders in Jaipur?

You can apply for a personal loan from multiple lenders in Jaipur, but it may not be a good idea. In fact, when you apply for a loan, the lender will check your credit report and credit score from one or more of the credit bureaus. This is called a hard inquiry, and too many hard inquiries in a short period of time can raise concerns among lenders, as it indicates that you are credit-hungry and may have difficulty repaying your debts.

Can self-employed individuals or freelancers apply for a personal loan in Jaipur?

Yes, self-employed individuals or freelancers can apply for a personal loan in Jaipur. However, they are required to meet slightly different eligibility criteria compared to employed individuals.

Can I transfer my existing personal loan to another lender in Jaipur?

Yes, you can transfer your existing personal loan to another lender if you find a better deal or benefit of reducing your interest rate or EMI. This process is called a personal loan balance transfer, and it entails paying off your current loan with a new loan from a different lender.

What is the process for closing a personal loan in Jaipur?

The process for closing a personal loan in Jaipur may vary depending on the lender, closure type, and mode of closure. Ideally, you can close your personal loan online using various modes such as net banking, a mobile app, SMS, or the lender’s website. Simply follow the lender’s instructions, provide the required details and documents, make the closure payment via online transfer, debit card, credit card, UPI, or wallet, and download/print the acknowledgement receipt and no-dues certificate from the lender.