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Get personal loans upto ₹5 Lakhs in 6 minutes.

Use Coupon code 'FESTIV75' to get flat ₹75 OFF on processing fee

Use Coupon code 'FESTIV75' to get
flat ₹75 OFF on processing fee

Personal Loan in Bhopal

In recent years, Bhopal has seen improvements in infrastructure, employment, and industries, with a notable rise in micro, small, and medium enterprises. Whether you need money to fund or support your local business or to cover unexpected medical expenses, a personal loan can be a good idea to meet your financial needs.

Get Personal Loan in Bhopal with Quick Approval

Get a personal loan in Bhopal upto ₹2,00,000 with Zype. Zype offers instant personal loans with fast loan approval. The loan application takes under 6 minutes to complete. You only provide basic details like your name, mobile number, PAN and Aadhar card details. Once the application gets approved, the loan is generated within 60 seconds. The loan repayment can be made in 6, 9 or 12 months EMI.

Features and Benefits of Taking a Personal Loan in Bhopal

You can get a personal loan in Bhopal with Zype. Below are the key features and benefits of choosing a personal loan from Zype:  

Easy Application

Complete the loan application in under 6 minutes. Once approved, a loan offer is generated within 60 seconds.

Fast Approval

Once the loan applications get approved, an offer is generated within 60 seconds.

No Paperwork

Zype requires basic details and PAN and Aadhaar card details. This makes the loan application paperless and hassle-free. The process is entirely paperless. Just provide basic details, including your PAN and Aadhar card information, for a hassle-free experience.

No Collateral

You can get a loan without submitting any of your assets (like gold or a house). This makes taking an instant personal loan a convenient option for accessing funds.

Affordable Interest Rates

Enjoy competitive interest rates on Zype starting at just 1.5% per month.

Flexible Repayment

Loan repayment is flexible with EMI tenure ranging from 6, 9 or 12 months.

Personal Loan EMI Calculator

Loan Amount (in rupee)

10,000

5,00,000

Interest Rate (in %)

1

34

Loan Term (in months)

1

72

Total Interest Payable

Total Payment
(Principle + Interest)

Your EMI is

Eligibility Criteria for Personal Loan in Bhopal

Before applying for a personal loan, it’s important to ensure you meet the lender’s eligibility requirements. Here are the key criteria to qualify for a personal loan on Zype:
Age

The minimum age criteria for loan applicants is 21 years and above. It is important to check the lender's eligibility criteria before you apply for a personal loan.

Monthly Income

On Zype, to be eligible for a personal loan, you must have a minimum salary of ₹15,000.

Employment Status

You need to have a stable source of income to get loan approval. The borrower must be a salaried employee or self-employed with a stable source of income.

Credit Score

Most lenders require the credit score to be 700 and above.

Required Documentation for Personal Loan in Bhopal

Traditional banks require a lot of paperwork when you apply for a personal loan. With Zype, the application process for a personal loan in Bhopal is hassle-free. You only require basic details for the quick application process. The required details for a personal loan on Zype include: 

Mandatory Documents

You are required to provide basic details along with PAN card and Aadhaar card details. You don't need to submit or upload any documents. This makes the loan application quick and hassle-free.

Selfie Verification

To get your loan offer, you need to do a real-time selfie verification to complete the KYC.

Proof of Income (Optional)

If you intend to apply for a higher loan amount, you need to submit bank statements for the last 4 months or a salary slip.

Interest Rates on Personal Loans in Bhopal

Interest rates on personal loans in Bhopal are affordable. Below table states the type of charges that Zype levies when you take a personal loan:
Loan & other chargesDetails
Loan AmountLoan is available with ₹3000 - ₹2,00,000
Interest RatesInterest rates start from 1.5% (monthly)
Loan TenureRepayment can be done within 6, 9 and 12 months
Processing FeesProcessing fees is between 2% to 6% on each loan

Purposes of Personal Loans in Bhopal

Medical Expense

Whether you want to fund a surgery or take care of medicine bills, a personal loan is a good option to explore. You don't need to dig into your savings. A medical emergency personal loan is a good option for financial relief in a medical emergency.

Debt Consolidation

You can opt for a personal loan to consolidate existing loans into one single loan. This makes it easier to repay the loan with lower interest rates.

Weddings

Personal loans are a good option to cover the costs associated with weddings. Weddings can be an expensive affair that includes expenses like caterers, decorations, gifts, photography and videography cost, you can opt for a wedding loan to take care of the wedding expenses.

Travel

Whether you are planning a solo trip or a family vacation, a personal loan can cover the associated cost. Travel expenses like flight tickets, accommodation cost, shopping etc. can all be covered with a travel loan.

Home Renovations

You can upgrade your space with a kitchen upgrade or paint the walls or add aesthetic decor pieces with a Home renovations personal loan. A personal loan allows you to renovate your home while managing other expenses without any burden.

How to apply for a Personal Loan in Bhopal?

Zype has an easy application process for personal loans. To apply for a personal loan in Bhopal, follow the below steps:

1) You can download the Zype Personal Loan App or register on Zype’s official portal. 

2) Complete the application by submitting basic details like name, mobile number along with PAN and Aadhaar number. The application process gets completed in under 6 minutes.

3) Once the application is reviewed and approved, a loan offer gets generated. You need to do a real time selfie verification to complete the KYC.

4) Once the loan offer gets generated, enter the loan amount and tenure that fits your budget.

5) The funds are directly deposited in your account for usage.

Frequently Asked Questions

What is the time taken by Zype to approve Personal Loan in Bhopal?

Once the applicant completes the personal loan application and fulfils the eligibility criteria, Zype approves the loan. The time taken by Zype to approve personal loan in Bhopal is less than 60 seconds.

How can an applicant check the status of a loan application for personal loan Bhopal?

An applicant can check the status of their loan application for personal loan in Bhopal by

  1. Using the loan App,
  2. Contacting customer care
  3. Using Net banking if you have a Saving account in the same bank.
What is the loan amount range offered for personal loans in Bhopal?

The loan amount range varies across lenders. On Zype, the loan amount range is between ₹3000 and ₹2,00,000.

Are the interest rates competitive for personal loans in Bhopal?

Yes, the interest rates are competitive for personal loans in Bhopal. On Zype, the interest rates are between 18% to 36% per annum.

Can I get an instant loan in Bhopal with a low CIBIL score?

Yes, you can get an instant loan in Bhopal with a low CIBIL score. However, the loan terms will be strict with either the interest rates being higher or the loan tenure being shorter. The majority of the lenders do require a good CIBIL score for approving an instant loan.

Can a Person get a personal loan for a low salary in Bhopal?

Yes, it is possible to get a personal loan for a low salary in Bhopal. You need to have a good credit score. Additionally, most lenders require a minimum salary of ₹15,000 to approve a personal loan. 

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