All You Need to Know To Apply For a Personal Loan in Ahmedabad

Ahmedabad is a vibrant, developing city in India that is home to both working professionals and students alike. In recent times, it has been included in the list of the first 20 Smart Cities of India. As more Indians settle down in the second largest industrial centre of India, every day costs are increasing. This means that while you have access to better facilities, larger expenses may not be as affordable of your emergency fund may not suffice. Thus, in order to meet your goals comfortably, it’s a smart move to consider a loan.


Getting a personal loan in Ahmedabad is simple and easy for many reasons. Thanks to development in recent times the average wage is a lot higher, and some lenders even offer personal loans instantly. However, it is important to apply for a personal loan in Ahmedabad in a step-by-step manner. Here is how you can go about it the right way.

Find out the maximum loan sanction available

Before you avail a personal loan, ensure that the sanction offered to you comfortably meets your needs. This is important because it is possible that you won’t get approval for the full sanction. Moreover, every loan application you make reflects on your credit history, lowering your score. To avoid this, make an estimate before applying.

Check personal loan interest rates

Evaluating a personal loan interest rate is crucial because it directly affects how affordable the loan is. If the interest rate is too high, you may not be able to pay the EMIs comfortably and this may put your finances under strain. To avoid this, you must gauge the loan’s affordability by checking the interest rate beforehand through an EMI calculator.

Know the lender’s loan repayment options

The repayment options available to you play a vital role in determining your repayment experience. Opt for a lender that offers multiple, convenient modes of repayment so that you never miss a deadline. This is because you are less likely to miss a payment if the procedure requires minimal effort. Also, choose a lender that levies no hidden charges, has online facilities and flexible repayment terms.


Knowing this information is crucial to your borrowing experience as it dictates the convenience that you will be able to enjoy. Therefore, it’s recommended that you do your research and only opt for an option that suits your needs closely. Once you’ve researched every aspect, you can safely apply for an instant personal loan in Ahmedabad by following these steps.

Review the lender’s personal loan eligibility criteria

This is important because you can determine if you are eligible for the loan in the first place. Additionally, certain lenders have city-specific criteria that you won’t be aware of until you check. For example, the Bajaj Finserv Personal Loan requires you to be between 23 and 55 years of age. You must also be an Indian residing and working in India. Furthermore, to get a personal loan in Ahmedabad, you must earn a minimum salary of Rs.30,000 per month. To simplify this process, use your chosen lender’s eligibility calculator.

Ensure you have a healthy CIBIL score

Your CIBIL score must be 750 or higher to get a personal loan in Ahmedabad with ease. This is due to the fact that your CIBIL score indicates your creditworthiness. Moreover, it is the only marker a lender can use to judge your repayment ability for this unsecured loan. Note that your score is a representation of your past credit behaviour and therefore getting personal loans with low credit score is difficult. So if it’s lower than 750, it’s best to improve it before you apply.

Gather all the required documents

In order to process your application, lenders require you to submit adequate documentation that proves your eligibility. These documents typically include:

  • KYC documents such as Aadhaar card, PAN and passport
  • Employment proof in the form of an employee ID card
  • Income proof in the form of salary slips and bank statements

Apply online or by visiting a branch

After meeting the requirements and gathering documents, you can apply for a loan in two ways: through the lender’s branch or via the lender’s website. The online method may require you to upload supporting documents to complete the process.


Following these steps is sure to help you apply and get approval for a personal loan. If the application process seems daunting, consider a lender that simplifies the entire process. For example, you can get a Bajaj Finserv Personal Loan in Ahmedabad effortlessly thanks to its relaxed eligibility criteria and minimal documentation requirements.


This loan is not only easy to obtain, but it also offers a sanction up to Rs.25 lakh for a flexible tenor that ranges between 12 and 60 months. What’s more,  you can enjoy this sanction within a day from approval as Bajaj Finserv guarantees money in the bank in 24 hours. To make use of all these advantages and more, check your pre-approved offer to access a tailored personal loan offering. This can help you speed up the application process and get finance quicker.

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