Get Personal Loans in Faridabad
Faridabad, a major industrial and residential hub of Haryana and part of the Delhi NCR, is home to thousands of salaried professionals, entrepreneurs, and government employees. Whether you live in Sector 15, Ballabgarh, NIT, or Greenfield Colony, a personal loan can help you manage wedding expenses, medical emergencies, higher education, home renovation, or even debt consolidation.
With WeCredit, you can apply for a personal loan in Faridabad without any physical paperwork. The entire process—from eligibility check to documentation and disbursal—is fully digital and secure. Choose from top lending partners and get the best loan offers tailored to your income and profile.
Personal Loan EMI Calculator
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Top Personal Loan Interest Rates in Faridabad
Here’s a comparison of personal loan interest rates from various lenders:
| Lenders | Interest Rate |
|---|---|
| Moneyview | 15.6% |
| KreditBee | 18% |
| Fibe | 18% |
| Prefr | 18-36% |
| L&T Finance | 10.8% |
| Incred Finance | 15.6%-36% |
| Bank of Baroda | 10.10% |
| Bank of India | 10.25% |
| IDBI Bank | 9.5%-14% |
| PNB | 11.40% |
| State Bank of India | 11.15% |
| Union Bank of India | 9.30% 13.40% |
| ICICI Bank | 10.75% 19% |
| Indusind Bank | 10.5% Onwards |
| IDFC First Bank | 10.75% |
| Kotak Mahindra Bank | 10.5% |
| RBL Bank | 14%-23% |
Small Cash Loan Using Your Aadhar Card
Documents Required for a Personal Loan in Faridabad
| Category | Documents |
|---|---|
| KYC Documents |
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| Income Documents – Salaried |
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| Income Documents – Self-employed |
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| Other Documents |
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Why WeCredit for Personal Loans in Faridabad?
- Hassle-free online application
- Instant loan approval
- Fast disbursal to your account
- Minimal documentation
- Flexible repayment tenure (1 to 5 years)
- Attractive interest rates
- Pre-approved offers
- Easy EMIs
How to Apply for a Personal Loan in Faridabad?
For Applicants with a Good Credit Score:
You’re more likely to receive lower interest rates if your credit score is strong. At WeCredit, we reward financial discipline with better rates.
For Applicants with a Low Credit Score:
WeCredit offers support for individuals with poor credit history by providing secured loans, financial counselling, and co-borrower options to improve your loan eligibility.
Eligibility Criteria for Personal Loan
| Criteria | Details |
|---|---|
| Citizenship | Indian |
| Age Limit | Minimum 21 years at loan application and maximum 60 years at loan maturity |
| Monthly Income | ₹20,000 |
| Work Experience (Salaried) | Minimum 1 year, but some lenders require more than one year of experience |
| Work Experience (Self-employed) | Minimum 2-3 years of experience required |
| Credit Score | 700 or above |
*Personal loan eligibility criteria may vary from lender to lender.
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How WeCredit Works
Compare Loans
Easily compare loan options from multiple lenders to find the best fit for you.
Register Online
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Get Quick Approval
Receive fast approval on your loan application, getting you the funds you need without delay.
1. Can I apply for a personal loan in Faridabad online?
Yes, the entire personal loan process in Faridabad is 100% online. You can apply from the comfort of your home in Sector 21, Ballabgarh, NIT, or anywhere else. Just fill out the online form, upload the necessary documents, and choose a loan offer that suits your needs—no branch visit or paperwork required.
2. How long does it take to receive the loan amount?
Once your application is submitted and approved, the loan is generally disbursed within 24 to 48 business hours. The speed of disbursal depends on timely document submission and bank working hours, but most borrowers receive funds within a day of approval.
3. Is any collateral or guarantor required for personal loans in Faridabad?
No, personal loans offered through WeCredit are completely unsecured. That means you do not need to provide any collateral like property, gold, or a guarantor. The approval is based on your income, credit score, and repayment capacity.
4. I am self-employed. Can I still get a personal loan in Faridabad?
Absolutely. Self-employed professionals, freelancers, shop owners, and business owners in Faridabad can apply. Just keep your business proof (like GST registration), last two years’ ITRs, and business bank statements ready. A good credit score will further increase your chances.
5. What’s the minimum salary required to be eligible for a personal loan?
Most lenders require a minimum monthly income of ₹20,000. However, if your income is slightly lower but you have a strong credit history or stable government job, you might still qualify. Higher incomes usually get better interest rates and higher loan amounts.
6. Can I apply for a personal loan with a low CIBIL score?
Yes, you can still apply. While a low CIBIL score may reduce the loan amount or increase interest rates, some lenders consider your income, employment type, and bank statement behavior. Adding a co-applicant with a good credit score can help get better terms.
7. Do government employees get special benefits on personal loans?
Yes, government and PSU employees in Faridabad often receive faster approvals, lower interest rates, and longer repayment options. This is because lenders consider government jobs as more stable and low-risk for lending.
8. What happens if I miss a loan EMI in Faridabad?
Missing an EMI can lead to penalties, late fees, and damage to your credit score. If you’re worried about forgetting payments, it’s a good idea to enable auto-debit or set up reminders. If you foresee delays, talk to your lender immediately to avoid default.