Personal Loan

Salaried Self-Employed

Please Enter Required Loan Amount

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs.75 Lakhs !

Please Enter Net Monthly Salary

Salary should be Minimum Rs.10,000!

Salary should be Maximum Rs.10 Crores !

Please Enter Annual Sales/Turnover

Minimum Turnover Should Be Rs. 3 Lakhs!

Turnover Limit Exceeded !

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Please Enter City Name !

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Please Enter PAN No

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

Enter Loan amount!

Minimum Loan amount is Rs.15,000 !

Maximum Loan amount is Rs. 75 Lakhs!

Proceed

Enter Your Monthly Salary!

Salary should be Minimum Rs.15,000!

Salary should be Maximum Rs.10 Crore!

Enter Your Turnover!

Minimum Turnover Should Be Rs. 3Lakhs!

Your Turnover Limit Exceeded!

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Please Enter Your City Name

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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 – 60 months*

4.5 /5(500 Votes)

Personal Loan

Overview of Personal Loan

Personal Loan is an instant financial relief against your financial woes. There may rise a situation where you need immediate fund to meet any kind of contingencies. At that point, Personal Loan is your best option. Starting from medical expenses to paying off debts, house renovation to purchasing consumer durable goods, you can Personal Loans for almost all kinds of needs. When you opt for Personal Loan apply online, you can avail easy Personal Loan by filling up Personal Loan application form online and fulfilling Personal Loan eligibility criteria. You do not have to keep any collateral with the financial institution when availing unsecured Personal Loan. So, Personal Loan interest rate is slightly higher than the secured loan. To obtain Personal Loan best rate, you need to have a credit score of 750 or more with a good repaying capacity. You can easily avail Personal Loan interest rate at an attractive range by satisfying Personal Loan eligibility. Moreover. Personal Loan documents requirement is very minimum which you need to submit. Personal Loan online apply enables easy loan approval and disbursal. Based on Personal Loan eligibility, you can obtain loan amount up to Rs. 50 lakhs (may differ) with flexible loan repayment tenure ranging from 1 to 5 years.

Features & Benefits of Personal Loan

Unsecured Personal Loan offers simple paperwork and a quick loan approval process. Availing Personal Loan online helps you in Personal Loan comparison and also get Personal Loan details online. Personal Loan interest rate primarily depends on your CIBIL score and your loan repaying ability. But if you are a Personal Loan defaulter or have Personal Loan bad credit, then there is a huge possibility that you might not get a Personal Loan. So, always try to maintain a good credit history and repay the loan at within the stipulated time period to avail Personal Loan at a lower rate. When you go for Personal Loan apply online, you are benefitted with Personal Loan best offer.

Here are some of the features and benefits of Personal Loan-

  • You can go for Personal Loan apply online after going through Personal Loan comparison online and checking Personal Loan best rates of different banks and NBFCs.
  • Personal Loans amount range between Rs. 50,000 to Rs.50 lakhs which might vary depending on Personal Loan eligibility and the lending institutions.
  • You can repay Personal Loans by easy EMI option which is very budget friendly. The flexible loan tenure lies from 1 to 5 years for Personal Loan repayment.
  • You need to go through simple paperwork for Personal Loan apply. The Personal Loan documents requirement is very minimum which you have to submit.
  • Personal Loan interest rate is very attractive and depends majorly on your CIBIL score and your income level.
  • The hassle of Personal Loan EMI calculations gets simplified by using Personal Loan EMI calculator.
  • If you have any ongoing loan payments, you can opt for Personal Loan balance transfer at a lower interest rate. This will reduce your interest payment towards your EMI payment.
  • After you opt for Personal Loan apply online, you can check your Personal Loan application status online.
  • You need to pay a very minimal processing fee for Personal Loans and there is no hidden charges to hurt your budget.
  • You can prepay Personal Loans EMI by paying a certain foreclosure charges which is also very low.

Personal Loan Eligibility Criteria

In order to avail Personal Loan interest rate at an affordable range, you need to satisfy Personal Loan eligibility criteria which is very minimal. Personal Loan apply at an early age will help you to secure Personal Loan interest rate at a lower rate. This is because you will have a higher repaying capacity than the older applicants. Moreover, you must have a good CIBIL score and a decent income level to accomplish Personal Loan eligibility criteria.

Personal Loan Eligibility Criteria

Salaried

Self-Employed

Age

21-60 years

25-65 years

Profession

Working in any private sector, MNCs or any government organization

Sole Propritorship, Business Professionals, partnership firms, private or public ltd. companies,etc.

Work Experience

Minimum 2 years of working experience with a minimum 1 year in the present organization

Stable Business Continuity for a minimum period of 3 to 5 years

CIBIL score

750 or more

750 or more

Income

Min- Rs. 20,000

Min Turnover- Rs. 1 crore

Loan Amount

Up to Rs. 50 lakhs (might vary)

Up to Rs. 50 lakhs (may vary)

Personal Loan Documents Requirement

Here is the list of Personal Loan documents requirement that you need to submit when you opt for Personal Loan 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
  • Salaried Individuals

    • Recently updated bank statement of last 6 months
    • Copy of Form 16
    • Salary slip of last 3 months
  • Self-employed

    • 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

Personal Loan Interest Rates of different financial institutions

To avail Personal Loan best rate you can easily opt for Personal Loan comparison of different banks and NBFCs. 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%

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.

FAQ’s

To be eligible for Personal Loan, you need to have a minimum CIBIL score of 750 or more.
If you have any existing debt, you will need to repay it. So, your repaying capacity gets reduced. In the present situation, if you go for Personal Loan apply, the interest rate charged will be high. So, always try to clear the present debt and then opt for a personal loan.
When you opt for Personal Loan online, the minimum interest rate starts from 10.99%*.
You do not have to keep any security or collateral to keep with the financial institution when applying for Personal Loan. This is because Personal Loan is an unsecured loan.
You can easily repay Personal Loan within the tenure of 12 months to 60 months.
*Interest rate and Loan approval are subjected to band discretion and approval.

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