35
Banks / NBFCs
20K
Customers
18
Months in Operations
Personal loans in Baroda can be easily obtained by various Banks and NBFCs at the lowest interest rates with a loan amount ranging from Rs. 25,000 to Rs. 25 Lakhs and a tenure period of one to five years. A personal loan does not require you to provide any security against the loan.
Usually, a personal loan is obtained for paying off medical, wedding, home renovation, personal durable goods and travel expenses. As the loan has varied advantages, it caters to the need of every section of individuals.
Baroda, also known as Vadodara, is the third largest city in the state of Gujarat. With its rich historical background, the city also aspires to become an innovative hub for manufacturing by strengthening its economy. Considering the rapid growing economy, Banks and NBFCs are expanding their business by providing multiple types of loans to the borrowers.
To get an instant approval on your personal loan application in Baroda, you must have a decent credit score along with a good credit report. However, there are other few factors that will affect your loan approval process such as, your monthly in hand salary, reputation of your current company, minimum age etc. A good credit score i.e. above 700 will help you to get a personal loan at a low interest rate and at good terms and conditions.
To get a personal loan at a good deal, it is advisable to carry out detailed research and gather relevant information before settling with one lender. The interest rates, processing fees, flexibility of tenure and pre-payment charges should be compared online and the best option should be chosen suiting your profile. Many people fall into the trap of borrowing from private lenders who charge a very high rate of interest. At times, the interest rates can go as high as 30%. It is advisable to turn to online lending platforms as the loans are provided at lower interest rates at these platforms. To get the best deal without going through a lot of trouble, online lending platforms such as IndiaLends.com are a good option. Applying for a personal loan online is convenient as most of the work is done by the online platform. When you apply online, your application is sent to various Banks and NBFCs according to your profile who make a lending decision after reviewing your application. Online platforms like IndiaLends operate without charging any extra fees or attached hidden costs.
A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use.
It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan.
*The figures provided in the table are indicative subject to change from time.
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Good Credit Score
Above 21 years of Age
Salaried professional
Resident of India
Valid Bank Account
PAN Card and Voter ID Card/Driving License
Bank Statements for the last three months
Salary Slip for last three months
Vishal Gautam
I was not able to get a personal loan since my CIBIL score was very low. IndiaLends helped me improve my credit health. As my credit score is 750 now, I am planning to apply for a personal loan once again.
5.0
Ram Desai
Based on the customer service, the overall experience with IndiaLends has been great. The security precautions that IndiaLends provides to their customers is definitely, by far, the best I've experience with any lending company till date.
4.0
Sania Singh
I really appreciate their service. As they do what they say. I applied for an unsecured personal loan with IndiaLends and it got disbursed within six days. Though the rate of interest is a bit high, but I guess it is fine when you are in urgent need of a cash.
3.0
Rashee Maggu
I applied for a personal loan at IndiaLends. The process was really swift and satisfactory. I really appreciate their customer service as they do wonderful job in showing right financial path to their customers.
4.0