Personal Loan in Rajkot — Rates from 10.75%

Compare 55+ lenders for the cheapest personal loan in Rajkot, Gujarat. Instant approval, online application, disbursal in minutes. Average loan: ₹1,60,000.

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Tier 3 CityPop: 17L51 Pincodes Served5 Lenders

Best Personal Loan Lenders in Rajkot

Compare personal loan offers from top banks, NBFCs and fintechs in Rajkot. Instant approval and online application available.

HDFC Bank

bank

Rating

4.3/5

India's most trusted private bank for personal loans

Interest Rate

10.5% - 24%

Loan Amount

₹50,000 - ₹40,00,000

Min CIBIL

700+

Disbursal

24 hours

View Details Check Eligibility

ICICI Bank

bank

Rating

4.2/5

Fast digital approvals, competitive rates

Interest Rate

10.65% - 16%

Loan Amount

₹50,000 - ₹50,00,000

Min CIBIL

700+

Disbursal

24-48 hours

View Details Check Eligibility

Bajaj Finserv

nbfc

Rating

4/5

India's most popular NBFC — instant approvals

Interest Rate

11% - 34%

Loan Amount

₹20,000 - ₹40,00,000

Min CIBIL

685+

Disbursal

24 hours

View Details Check Eligibility

Axis Bank

bank

Rating

4.1/5

Digital-first banking with competitive rates

Interest Rate

10.49% - 22%

Loan Amount

₹50,000 - ₹15,00,000

Min CIBIL

700+

Disbursal

24-48 hours

View Details Check Eligibility

Tata Capital

nbfc

Rating

4.2/5

The trusted Tata name behind every loan

Interest Rate

10.99% - 28%

Loan Amount

₹75,000 - ₹35,00,000

Min CIBIL

700+

Disbursal

24-48 hours

View Details Check Eligibility

Personal Loans in Rajkot — What You Need to Know

Rajkot is one of Gujarat's fastest-growing cities with a strong SME ecosystem in engineering and auto components.

The average personal loan amount in Rajkot is ₹1,60,000, with the cheapest interest rate starting from 10.75%. With GoCredit, residents of Rajkot can get an instant personal loan from 55+ lenders including HDFC Bank, ICICI Bank, Bajaj Finserv and more — all through a single AI-powered app.

Personal Loan Interest Rates in Rajkot — Lender Comparison

Lender	Interest Rate	Min CIBIL	Max Amount	Disbursal
HDFC Bank	10.5% - 24%	700+	₹40,00,000	24 hours
ICICI Bank	10.65% - 16%	700+	₹50,00,000	24-48 hours
Bajaj Finserv	11% - 34%	685+	₹40,00,000	24 hours
Axis Bank	10.49% - 22%	700+	₹15,00,000	24-48 hours
Tata Capital	10.99% - 28%	700+	₹35,00,000	24-48 hours

This is just 5 of 55+ lenders on GoCredit

Unlock exclusive rates from premium NBFCs and fintechs not shown here. Many offer lower rates than banks — but only through the app.

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Personal Loan Eligibility in Rajkot

Check if you qualify for a personal loan in Rajkot — minimum CIBIL 685+. For salaried and self-employed individuals. GoCredit's AI agent matches you with the best lender from 55+ options.

📊

685+

Min CIBIL Score

💰

₹15,000

Min Monthly Salary

🎂

21–67 yrs

Age Range

👔

Both

Salaried & Self-Employed

⚡

Minutes

Instant Disbursal

For eligible applicants

Check Your Eligibility in Rajkot

Personal Loan EMI Calculator for Rajkot

How much will a personal loan cost you in Rajkot? EMI breakdown for ₹1,60,000 (average loan amount) at the cheapest to highest rates available.

BEST RATE

Best Rate — 10.75%

Tenure24 months

Monthly EMI₹7,439

Total Interest₹18,536

Total Payment₹1,78,536

Average Rate — 22.4%

Tenure36 months

Monthly EMI₹6,144

Total Interest₹61,184

Total Payment₹2,21,184

Higher Rate — 34%

Tenure48 months

Monthly EMI₹6,139

Total Interest₹1,34,672

Total Payment₹2,94,672

EMI calculated using standard reducing balance method. Actual EMI may vary based on lender terms.

FD vs Personal Loan Calculator

Need money urgently? Compare whether breaking your Fixed Deposit or taking a personal loan in Rajkot is cheaper.

Should You Break Your FD or Take a Personal Loan in Rajkot?

Compare the cost of breaking your Fixed Deposit vs taking a personal loan to meet your needs.

Fixed Deposit Details

FD Amount

₹

₹50,000₹25,00,000

FD Interest Rate

3.0%9.0%

FD Remaining Tenure

1 mo60 mo

Personal Loan Details

Loan Interest Rate

8.0%36.0%

Loan Tenure

6 mo60 mo

BETTER OPTION

Break Fixed Deposit

FD Maturity Value₹1,71,497

Premature Value (after penalty)₹1,69,818

Interest Lost₹1,679

Take Personal Loan

Monthly EMI₹7,439

Total Loan Interest₹18,536

FD Interest Earned (kept running)+₹11,497

Net Cost₹7,039

Even though breaking your FD looks ₹5,360 cheaper — a low interest personal loan in Rajkot protects your savings.

Your FD is a safety net — once broken, most people never rebuild it. Instead of premature withdrawal, apply for a personal loan online in Rajkot and use your monthly cashflow to manage the EMI. A short-term personal loan without breaking your FD keeps your savings growing while you meet urgent expenses.

Based on 7% FD rate, 10.75% loan rate, and 24-month personal loan EMI

Apply for Personal Loan Online in Rajkot

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Our AI agent compares 55+ lenders including premium banks and NBFCs to find your lowest rate.

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Why 50 Lakh+ Indians Trust GoCredit

55+

Lenders (Banks, NBFCs & Fintechs)

AI Agent

Finds your cheapest loan automatically

Minutes

Instant disbursal for eligible users

100%

Digital & paperless process

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Documents Required for Personal Loan in Rajkot

Want a personal loan in Rajkot without documents? Fintech lenders need minimal paperwork — just PAN and Aadhaar. Banks require more, but GoCredit's 100% digital process means no branch visits.

Banks

HDFC Bank, ICICI Bank, Axis Bank

✓ PAN Card
✓ Aadhaar Card
✓ Salary Slips (3 months)
✓ Bank Statement (6 months)
✓ Address Proof

NBFCs

Bajaj Finserv, Tata Capital

✓ PAN Card
✓ Aadhaar Card
✓ Salary Slips (3 months)
✓ Bank Statement (3 months)

Frequently Asked Questions — Personal Loan in Rajkot

What is the lowest interest rate for personal loan in Rajkot?

The lowest personal loan interest rate in Rajkot is 10.75% p.a., offered by Axis Bank. Rates vary based on your CIBIL score, income, and loan amount.

Which lender gives the fastest personal loan in Rajkot?

Through GoCredit, eligible applicants in Rajkot can get instant disbursal within minutes from digital lenders. Our AI agent automatically finds the fastest approval option from 55+ lenders including banks, NBFCs, and fintechs based on your profile.

Can I get a personal loan in Rajkot without CIBIL score?

Most lenders in Rajkot require a minimum CIBIL score of 685+. However, you can improve your chances by applying through GoCredit where we match you with lenders suited to your profile.

What is the maximum personal loan amount available in Rajkot?

The maximum personal loan amount in Rajkot is ₹50,00,000, offered by ICICI Bank. The actual amount depends on your income, CIBIL score, and existing liabilities.

How many lenders offer personal loans in Rajkot?

5 lenders currently offer personal loans in Rajkot, including HDFC Bank, ICICI Bank, Bajaj Finserv. GoCredit compares all of them to find the best offer for you.

What documents do I need for a personal loan in Rajkot?

For banks like HDFC Bank, you need PAN, Aadhaar, salary slips (3 months), and bank statement (6 months). Fintech lenders like KreditBee typically require just PAN and Aadhaar with a fully digital process.

Can self-employed people get a personal loan in Rajkot?

Yes, HDFC Bank, ICICI Bank, Bajaj Finserv, Axis Bank, Tata Capital offer personal loans to self-employed individuals in Rajkot. Requirements may include ITR, business proof, and bank statements.

What is the average personal loan amount in Rajkot?

The average personal loan amount in Rajkot is ₹1,60,000. Loan amounts range from ₹20,000 to ₹50,00,000 depending on the lender and your profile.

Is it better to break my FD or take a personal loan in Rajkot?

In most cases, taking a personal loan is the smarter choice. While the loan rate (from 10.75%) is higher than FD returns (~7%), breaking your FD means losing your savings buffer and the compound interest you've built. A personal loan lets you keep your FD running, maintain your emergency fund, and manage repayment through monthly cashflow. The real strategy: use the loan for your immediate need, keep your FD intact, and focus on increasing income through upskilling or career growth to repay faster. Use our FD vs Loan calculator above to compare exact numbers for your situation.

How quickly can I get a personal loan in Rajkot?

With GoCredit, eligible applicants in Rajkot can get money disbursed within minutes. Our AI agent instantly matches you with the right lender from 55+ options. Digital lenders and fintechs offer instant approval with a 100% paperless process — no branch visits needed.

Pincodes Served in Rajkot

GoCredit lenders are available across 51 pincodes in Rajkot, Gujarat. Enter your pincode in the GoCredit app to check eligible loan offers instantly.

View all 51 pincodes in Rajkot

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