Availing Personal Loans online helps you to avail Personal Loan interest rates in all banks and other details of Instant Personal Loan. Personal Loan interest rates primarily depend on your credit score and your repaying capacity. But if you need Personal Loan with bad cibil score or Personal Loan for cibil defaulter, there is a huge possibility that you might not get a Personal Loan. So, always maintain a good credit history and repay the loan within the stipulated time period to avail low interest Personal Loans. When you go for Personal Loan apply online, you are benefitted with the best Personal Loan offers. Here are some of the features and benefits of Instant Personal Loan-
* The result is based on historic performance of Personal Loan EMI
In order to avail Personal Loan interest rates at an affordable range, you need to satisfy the eligibility criteria of instant Personal Loan which is very minimal. Personal Loan online apply at an early age will help you to secure the lowest interest rate Personal Loan. This is because you will have a higher repaying capacity than the older applicants. Moreover, you must have a good credit score and a decent income level to accomplish Instant Personal Loan eligibility criteria.
750 or more
Salaried and Self-Employed
Minimum 2 years of working experience with a minimum 1 year in the present organization (for salaried), Stable Business Continuity for a minimum period of 3 to 5 years
Minimum salary of Rs. 20,000 or Min Turnover of Rs. 1 crore (might vary)
Up to Rs. 50 lakhs (may vary)
The paperwork required for Personal Loan online apply is very
minimal. To enjoy the best personal loan interest rates, you must be
able to submit the required documents.
Following are the documents that are required for Instant Personal Loan online apply-
Loan application form
Passport size photograph
ID proof- PAN card, Passport, Driving License, AADHAR card
Residential proof- Any kind of Utility bills like Gas or Electricity bill, Water bill, Passport, Driving License
Recently updated bank statement of last 6 months
Copy of Form 16
Salary slip of last 3 months
Copy of ITR of last 3 years
Audited Balance Sheet of last 2 years, Copy of Profit & Loss statement of last 2 years
Verified copy of Sales Tax Certificate/Memorandum and Articles of Association/Partnership Deed/Trade License
During any kind of financial crisis, instant Personal Loan is the best feasible option. With Personal Loan online apply, you can check online Personal Loan interest rates, documentation and eligibility criteria. Here are some key points as to why Personal Loan online apply is very useful and feasible-
You can also easily compare Personal Loan interest rates in all banks and then go for Personal Loan online apply which offers the lowest interest rate Personal Loan.
The best Personal Loans offers fast loan approval and disbursal. For instant Personal Loan online apply, you must fulfill the eligibility criteria which is quite minimal.
The Personal Loan interest rates depend on your income, repaying capacity and credit history. Your existing debts must be lower than 40% of your income to enjoy low interest Personal Loans.
The paperwork required for Personal Loan online apply are very minimal and simple. But if you are thinking of taking Instant Loan without documents, then it is not possible. Proper documentation is very essential for availing low interest Personal Loans.
The repayment for Instant Personal Loan in India lies between 12 to 60 months with easy EMIs. You can easily opt for Personal Loan online apply at your own free time without standing in long queues of the banks.
When there is an ongoing Instant Personal Loan, if you apply for a
loan over the previous one, then it is called Top-Up Loan. You can
use the top up on Instant Personal Loan in India to consolidate
debt, reduce loan burden or meet any kind of financial needs.
Personal Loan Interest Rates for top-up loan is quite attractive and
easy to avail because of an existing relationship with the banks or
NBFCs. As your profile verification has already been done when you
opted for Personal Loan online apply, so obtaining a top-up loan
becomes easy. Moreover, the documentation for top-up loan over the
Instant Personal Loan is very minimal.
Here are some of the features of Top Up Loan over the Instant Personal Loan online apply-
Availing a top-up loan after you have an existing Instant Personal Loan helps you to overcome any financial needs.
Before availing the top up, you can check online for a top-up personal loan interest rates in all banks.
Based on your eligibility criteria, you can apply for low interest personal loans top-up.
Flexible repayment tenure of the top-up loan is very user-friendly. So, you can easily repay the Instant Personal Loan and the top-up one without hurting your pocket.
The processing fee of top-up instant personal loan is quite low. So, along with the top-up personal loan interest rates, you need to pay a lower processing fee.
You do not have to keep any collateral to avail top-up instant personal loan. The top-up loan is unsecured in nature.
At the time of Instant Personal Loan apply online, your credit score
and credit history are accessed by the banks or NBFCs. Your credit
score reflects your creditworthiness which is a very important
factor that affects Personal Loan online apply. A high credit score
helps in building trust and thus offers you with low interest
Personal Loans. A minimum credit score of 750 or more is required to
be eligible for a personal loan online apply.
Following are some crucial reasons as to why the credit score is a vital determinant of eligibility for personal loan online apply-
At the time of personal loan online apply, approval of personal loan application is very crucial. Fulfilling the eligibility criteria and proper documents submission are very important in addition to the personal loan application form fill up. To avail personal loan interest rates at an attractive rate during personal loan online apply, several factors are considered. Some of the factors are- credit score, income level, job profile and stability, location, etc. To get approved for personal loan application form when opting for a personal loan online apply, you need to consider the following points-
To facilitate the selected customers based on their high credit
score and repaying ability, pre-approved personal loans are offered
by the banks and NBFCs. You can enjoy pre-approved personal loan
online apply if you have a good credit history and proper repaying
records. As you already satisfy the eligibility criteria, you can
easily go for a pre-approved personal loan online apply. Also, the
pre-approved personal loan interest rates are quite low and
affordable. The repayment for pre-approved personal loan online
apply is very flexible with easy EMI option within a period of 1 to
Here are some features and benefits of Pre-approved Instant Personal Loan online apply-
When you go for personal loan online apply, based on your eligibility, the personal loan interest rates depend. Higher eligibility including a good credit score, proper repaying records will help you to enjoy personal loan i nterest rates at a lower level. But if your existing debts are consuming more than 40% of your income, then personal loan interest rates will be quite high. So, it is mandatory to maintain a good credit profile to enjoy personal loan interest rates at an attractive rate. Here is the list of Personal Loan interest rates of different financial institutions-
|Banks||Loan Tenure||Interest Rates||Pre-Closure Charges||Processing Fees|
|ICICI Bank Personal Loan||1-5 years||11.49%*||5% of outstanding principal + GST||Rs. 999*|
|YES Bank Personal Loan||1-5 years||12.49%*||Within 12 to 24 months: 4% Within 24 to 36 months: 3% Within 36 to 48 months: 2% After 48 months :No charges.||2% or 3% of the principal*|
|IndusInd Bank Personal Loan||1-5 years||12.99%*||4% of outstanding principal||Up to 2.50%|
|Axis Bank Personal Loan||1-5 years||15.50%*||NIL||Up to 2.00%|
|HDFC Bank Personal Loan||1-5 years||10.99%*||Between 2% to 4% of the outstanding principal.||Up to 2.50%|
|Bajaj Finserv Personal Loan||1-5 years||14.75%*||NIL||Up to 3%|
|IndiabullsDhani Personal Loan||1-5 years||11.99%*||5% if less than 6 months.||Up to 5%|
|IndiabullsDhani Personal Loan||1-5 years||11.99%*||5% if less than 6 months.||Up to 5%|
|Kotak Mahindra Bank Personal Loan||1-5 years||11.50%*||5% of outstanding principal.||Up to 2.5%|
|IDFC First Personal Loan||1-5 years||10.99%*||4% of outstanding||2% – 4%|
|Aditya Birla Capital Personal Loan||1-5 years||11.75%*||4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months.||1% of principal.|
|Capital first Persona Loan||1-5 years||16%*||4% of outstanding||Up to 2.49% of the loan amount|
|TATA Capital Personal Loan||1-6 years||13.99%*||4.5% of the outstanding principal. And NIL for the initial 6 months||Up to 2%|
|Fullerton India Personal Loan||1-5 years||17.25%*||4% of outstanding principal.||Up to 2%|
|ECL Finance Personal Loan||1-5 years||17.50%*||4% of principal amount outstanding+GST||Up to 2% of the loan amount|
*Interest rates change time to time and Loan approval are subjected to band discretion and approval.