Personal Loan


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Personal Loan in Varanasi

A personal loan is a short term loan which is used to fulfill short term payments needed by the individual. These loans range from 5-7 years*. A personal loan is also called as an unsecured loan. This is because there is no security involved in the loan process. Hence without any security you can expect a higher rate of interest. One does not need to disclose the reason of taking a personal loan to the Bank/NBFC.
Varanasi is one of the most famous industrial centers in India. It is also considered as one of the most religious and sacred places in India. Banks and NBFCs in Varanasi offer loans of different types to the people residing in Varanasi. One of the most popular loans of them is the Personal Loan. These loans are availed by the people in Varanasi to utilize the immediate expenses and also help them in any short term payments.
A personal loan in Varanasi is usually for a short term i.e. from 5-7 years*. Since there is no security on this loan, the rate of interest is high and usually it begins from 11.29%* onward. To avail a personal loan in Varanasi, you need to fulfill the eligibility criteria of the Bank/NBFC. Once you fulfill the criteria, the loan process can be completed.

Why Choose Ruloans To Apply For Personal Loan in Varanasi?

Ruloans has been in the loan industry for over a decade. We are India’s fastest growing financial distributor. With over 50 private Banks and NBFC’s as our partners we strive to provide our customers with services that are “much more than money”. With our team of experts who are completely aware of this industry with in depth knowledge, we help our customers borrow right.

Hassle free process

An average customer likes an easy to use application where he/she can understand the entire loan process on the go. Hence we have designed our interface in such a way that it is easy to use and hassle free so the customer can easily apply for a personal loan in Varanasi.

Benefits of applying with us

One of the main benefits of applying with us is that we have a team of experts who have experience in this industry over a decade. Together with our partnered banks, you can expect the best services from us and accordingly apply for a personal loan in Varanasi.

Compare your loan options

As mentioned earlier, we have designed our online portal very user friendly. Hence our customer can check everything right from the rate of interest to the different lenders offering personal loans in Varanasi.

Free expert guidance and advice

With our vast experience in the field of loans, we give the best service to all our customers. We do this so they can borrow right. For the services provided, we do not charge a single dime from them. Yes, we provide all of the guidance free of cost.

Privacy policy

We at Ruloans give a lot of importance to the privacy policy. Hence the documents are only shared among the lender of your choice and with us. This data is not shared among any third party.

What are the Features & Benefits of taking a Personal Loan in Varanasi?

In general, there are many benefits of taking a personal loan in Varanasi. Hence it is called as a multipurpose loan as it fulfills different needs of an individual. We have listed 5 benefits of taking a personal loan in Varanasi. They are;

  • Easy availability:A good benefit of personal loan in Varanasi is that it is easily available in the market. Yes, of all the types of loans, personal loans in Varanasi are not only favored but also given quickly if the documents and eligibility is fulfilled by the individual.
  • Minimum documentation:Since there is no security involved in a personal loan in Varanasi, the documents needed to avail a personal loan automatically reduce. In cases of a loan taken with collateral there are extra documents related to the property that must be uploaded. Hence a personal loan in Varanasi will always have minimum documentation.
  • The loan is approved quickly:To avail a personal loan in Varanasi, there is minimum documentation involved. If the individual can upload all the documents successfully, Banks and NBFCs can approve a personal loan in Varanasi around 24-48 hours*.
  • Multi-purpose loan:A personal loan in Varanasi is multipurpose in nature. You can use this loan for all the short term payments and also to pay bills and for emergency situations. One highlight of the personal loan is that an individual does not need to disclose to the Bank/NBFC the reason for taking the loan.
  • Flexible type of loan: Flexibility in a personal loan in Varanasi is possible. The Bank/NBFC will analyze your credit score to derive what kind of a borrower you are. If your credit score is bad, you might end up getting a loan with a higher interest rate. Although if it is good, you can get a lower interest rate and also few more waivers and benefits from the Bank/NBFC.

What are the Eligibility Criteria to avail a Personal Loan in Varanasi?

To avail a personal loan in Varanasi, you will need the Bank/NBFC’s approval. This approval will be given only after you are eligible to get a loan as per their criteria. Usually every Bank/NBFC has their own set of requirements that an individual must possess. We have mentioned the basic criteria an individual must possess to apply for a quick personal loan in Varanasi.


Particulars Salaried Borrowers Self-Employed Borrowers
Age 21 years to 60 years 23 years to 60 years
Income Rs. 15,000 (Rs. 20,000 in metros) Turnover of minimum Rs. 24,00,000 (differs for professional and non-professional)
Maximum Loan Amount Approved Rs. 15,00,000 Rs. 15,00,000 to 20,00,000
Minimum Loan Amount Approved Rs. 75,000 Rs. 75,000 to Rs. 3,00,000
Loan Tenure 12-72 months 12-48 months
*Please note that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

What are the Documents Required to avail a Personal Loan?

We have listed few documents that an applicant will need to submit to the Bank/NBFC in order to avail for a personal loan in Varanasi.

Particulars Salaried Borrowers Self-Employed Borrowers
Identity Proof Passport, Driving License, Voters ID or PAN Card Passport, Driving License, Voters ID or PAN Card
Address Proof Passport or utility bills Passport or utility bills
Additional Documents Salary slips for last 3 months Proof of highest professional degree
2 year employment continuity document Latest Income Tax Return Balance sheet
Profit and Loss for last 3 years certified by CA
*Please note that the eligibility criteria will always differ from lender to lender. The above details listed are generic and hence are not specific to just one lender.

How to Apply For a Personal Loan in Varanasi on Ruloans?

You only have to go through 5 steps to apply for a personal loan in Varanasi on Ruloans:


How to Apply For a Personal Loan in Varanasi on Ruloans?
Step 1 First, you will have to visit the ‘Personal Loan in Varanasi’ page on our website and click on ‘Check Your Eligibility’ box.
Step 2 Then you will need to fill out personal and financial information. Once you complete those details, our loan calculator will check your eligibility with its highly efficient algorithm.
Step 3 As per the details entered by you, our loan calculator will provide you with a list of banks and NBFCs that are most suitable for you as per the eligibility criteria. This list will include names of all the financial institutions, their interest rates on offer, required list of documents etc.
Step 4 Once you go through the list, research and choose the lender of your choice. You can start filling up the form and then upload the required documents. In case you feel you have a doubt or need any assistance, please do not hesitate in calling our experts for advice. You can also drop us an email and our representative will help you. The contact details are given on our website.
Step 5 As we spoke above about privacy and how we are strict regarding it, your application will be sent electronically to the bank you selected. There is complete privacy. Also, you will be informed about the status of your application via SMS, email or you can track it via our website too.

Frequently Ask Questions

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