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