Financial organizations, including banks, credit unions, and online lenders, offer unsecured personal loans to people for a variety of private purposes. Collateral, such a house or car, is not required to secure a personal loan, unlike a mortgage or auto loan. Generally, the borrower’s creditworthiness and repayment capacity are taken into consideration when approving a personal loan.
Examinе all loan tеrms, including intеrеst ratе, lеngth of payback, and any associatеd costs, carеfully if thе loan is accеptеd. Prior to taking out thе loan, makе surе you arе awarе of all thе tеrms.
|Bank||Interest Rate (p.a.)||Processing Fee|
|HDFC Bank||10.5% p.a. - 21.00% p.a.||Up to 2.50%|
|ICICI Bank||10.75% p.a. - 19.00% p.a.||Up to 2.50%|
|TurboLoan Powered by Chola||15% - 21% (fixed) p.a.||3.00%|
|Yes Bank||10% p.a. onwards - 24% p.a.||Up to 6.50%|
|Citibank||10.50% p.a. - 16.49% p.a.||Up to 3%|
|Kotak Mahindra Bank||10.99% and above||Up to 3%|
|Axis Bank||12% p.a.- 21% p.a.||1.5% -2% of the loan amount|
|IndusInd Bank||10.49% p.a. - 26.5% p.a.||3% onwards|
|HSBC Bank||9.75% p.a. - 16.00% p.a.||Up to 2%|
|IDFC First Bank||10.49% p.a. onwards||Up to 3.5%|
|Tata Capital||10.99% onwards||Up to 2.75%|
|Home Credit Cash Loan||24% p.a. - 49.5% p.a.||0%-5%|
|Ujjivan Small Finance Bank||At the discretion of the bank||At the discretion of the bank|
|Aditya Birla Capital||14% p.a. -26% p.a.||Up to 2%|
|State Bank of India||10.65% p.a. - 13.65% p.a.||Up to 1.50%|
|Karnataka Bank||12% p.a. - 17% p.a.||At the discretion of the bank|
|IIFL Bank||11.75% p.a. - 34% p.a.||2% - 4%|
|Bank of India||8.75% p.a. - 13.75% p.a.||Up to 1%|
|Central Bank of India||11.75% p.a. onwards||Up to 1%|
|City Union Bank||9.50% p.a.||1.00% subject to a minimum of Rs.250|
Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.
*Higher age limit is applicable at the time of loan maturity.