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PERSONAL LOAN

Get Instant Personal Loan in Low Interest

The personal loan itself meant an unsecured loan that helps you to meet your financial requirements such as for an emergency medical bill, home renovation, paying for higher education or a wish to finance at the wedding ceremony. Throughout the process, the personal loan amount is disbursed into your bank account and you have to repay the amount via EMIs throughout the action of the loan repayment tenure.

When you need quick cash for fulfilling your unexpected financial emergency, apply for the instant personal loan by consulting with the finance representatives of reputed financial institutions or through the online application. In online, the whole process of the personal loan is simple and flexible as well as gets quick access to money. A personal loan has its own set significance in different phases of your loan requirements, such as:-

  • In travel, it can help you to enjoy your dream vacation that you always wanted and tick off in your buck list
  • In education, it can give your child the necessary funding for getting the education facility they deserve
  • At the wedding, it can help you to fulfill your desired dream wedding and gathered all the things you always wanted at your wedding.
  • Subsequently, it can help you in your medical emergencies and provide the necessary funding immediately.

Compare & Apply Best Personal Loan Online

To meet personal needs, many individuals take personal loans from a bank or non-banking financing companies. Now there are different lenders in online lend personal loans to the needy applicants. The personal loans apply and the approval process is simple and speedy. The personal loan can also approve by the lenders through several considerations such as monthly income, job stability, monthly expenses, other loan details, and credit history. If your document is clear, then the personal loan applies procedures are hassle-free and loan approved easily.

Generally, a personal loan can be disbursed within 7 working days of the lender application. The amount of the personal loan can be depended on several factors and bank restricts the loan amount less than 40%-45% of the monthly income. For getting the best personal loans to consider the key factors of the loan sanction by the bank with the non-refundable charges on applying for the loan.

Whenever you are decided to apply for online personal loans, first compare the personal loan provided by the different banks with their interest rates and loan tenure. After comparing with one another, finalize one of them by considering your loan requirements and emergencies. So, no matter what are the requirements of your loan, it will cater to all your needs in the best way.

Get the Best Personal Loan in India with low interest rate.

Bank Interest Rate Loan Amount Processing Fee Turnaround Time
10.50% - 20.00% Upto ₹30,00,000 Upto 3% of the loan amount Within 48 hours Apply
10.99% - 16.00% Upto ₹25,00,000 Up to 3% of the loan amount Within 24 hours Apply
10.75% - 21.45% There's no maximum limit. Your income, credit score and repayment capacity will dictate the loan amount NIL-2.50% of the loan amount plus applicable GST Within 3-4 working days Apply
11.50% - 18.00% 18.00% Upto ₹30 lakh 1% of the loan amount plus applicable GST Within 4-7 working days post receipt of the documents Apply
10.99% - 18.00% Upto ₹25 lakh ₹999-2.50% of the loan amount plus applicable GST Within 72 hours from the receipt of the application Apply
11.45% - 14.90% Upto ₹20 lakh 1% of the loan amount plus applicable GST Depends on the internal policy of the bank Apply
12.00% - 24.00% ₹50,000-15,00,000 1.50%-2.00% of the loan amount plus applicable GST Apply
10.50% - 17.84% Upto ₹30 lakh Upto 1% of the loan amount Within 15 days post the receipt of the application form Apply
Starting at 10.99% Upto ₹40 lakh Upto 2.50% of the loan amount subject to a minimum of ₹999, plus applicable GST Within 5 days from the receipt of the application Apply
10.99% - 18.49% Upto ₹40 lakh ₹999 -2.25% of the loan amount+ applicable GST Within 72 hours of the submission of documents Apply
9.65% - 14.00% Upto ₹10 lakh As applicable Depends on the internal policy of the bank Apply
13.95% - 14.20% 10 months's gross salary or ₹2 lakh, whichever is less 1% of the loan amount plus applicable GST Depends on the internal policy of the bank Apply
Apply
11.55% Upto ₹20 lakh 0.25% of the loan amount, subject to a minimum of ₹2,500, plus applicable GST Depends on the internal policy of the bank Apply
11.49% Onwards Upto ₹10 lakh 0.50% of the loan amount Depends on the internal policy of the bank Apply
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13.95% - 14.20% 10 months's gross salary or ₹2 lakh, whichever is less 1% of the loan amount plus applicable GST Depends on the internal policy of the bank Apply
10.55% - 11.20% 15 times of gross salary, subject to a maximum of 0.50% of the loan amount, subject to a minimum of ₹500, plus applicable GST Depends on the internal policy of the bank Apply
10.25% - 12.20% 20 times of gross salary, subject to a maximum of 10,00,000. The minimum net take home income must not fall below 40% of the gross salary after deductions, including the proposed EMI ₹500 + applicable GST Depends on the internal policy of the bank Apply
11.90% - 13.90% Upto 36 months gross salary NIL Depends on the internal policy of the bank Apply
10.99% - 16.00% Upto ₹15 lakh 1%-3% of the loan amount plus applicable GST Within 4-7 working days post receipt of the documents Apply
10.75% - 12.25% Upto ₹3,50,000 1.50% of the loan amount, subject to a minimum of ₹500 Depends on the internal policy of the bank Apply
12.00% - 17.00% Upto ₹5 lakh 0.50% of the loan amount Depends on the internal policy of the bank Apply
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Calculate Your Personal Loan Interest

Several factors influence the personal loan interest rates of personal loans such as credit score, credit payment tracks records employer, income and loan tenure. Throughout the calculation,the interest rates define the basic percentage of the amount which is charged by the lender based on the loan principal amount. Now EMI calculators are used for calculating the personal loan interest towards the principal amount as well as interest amount.

A credit score can play an important role to decide the interest rates. A score above 750 can give you low-interest personal loans. On the other hand, people with higher income and job stability have low-interest personal loans. Using the EMI calculator for calculating the interest rates is easy to access and use, free of cost, give accurate results, and gives you more information.

Enter Loan Information

Select Bank Name: *
Select Loan Type: *
Loan Amount: *
Annual Interest Rate: *
Loan Tenure(Year): *

Citi Bank Personal Loan

Taking the financial help from the Citi bank through personal loans is always quick and convenient. In these banks, you will get a personal loan from minimal documentation and speedy loan approval processes. After approbation of the personal loan, you will enjoy attractive interest rates and flexible tenures that fulfill your needs without compromising the savings.

Key Highlights
  • Loan funds should be credited to your bank account within 48 hours of application.
  • Get the eligibility of the personal loans in just 4 hours
  • Enjoy the personal loan of the amount up to Rs.30,00,000
  • Fixed interest rates with part pre-payment options available
Interest Rate Loan Amount Processing Fee Turnaround Time
10.50% - 20.00% Upto ₹30,00,000 Upto 3% of the loan amount Within 48 hours Apply
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Bajaj Finserv personal loan

Through Bajaj Fineserv personal loan, you don’t have to pledge with any collateral to avail it. As per the schedule, you can borrow up to Rs.25 lakhs and disbursal within the 24 hours of the loan application being approved. Bajaj Fineserv can make the personal loan application process simple and quick and define to be a convenient financing option.

Key Highlights
  • Avail instant personal loan up to Rs. 25 lakh based on your eligibility.
  • Complete the application process by submitting only a few basic documents.
  • Offers the fastest personal loan with disbursal in just 24 hours of the loan.
  • Repay the loan with flexible repayment tenors ranging up to 60 months.
  • A personal loan is transparent and comes with zero hidden charges.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.99% - 16.00% Upto ₹25,00,000 Up to 3% of the loan amount Within 24 hours Apply

HDFC Personal Loans

The individuals face several challenges to fulfill their specific financial needs or the desired beyond the capacity such as the funds for an emergency, paying the medical expenses as well as other payments. Get instant personal loans from the HDFC bank to enjoy life to the fullest. HDFC personal loan ensures that you have the opportunity to make all your dreams come true.

Key Highlights
  • Get funds in 10 seconds and few of the customers get a loan under 4 hours.
  • Get a loan amount in just 1 working day of document submission.
  • For a nominal premium, you can avail of personal loans up to 8 lakhs.
  • Bank accounts get benefitted from special rates, charges, and offers.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.75% - 21.45% There's no maximum limit. Your income, credit score and repayment capacity will dictate the loan amount NIL-2.50% of the loan amount plus applicable GST Within 3-4 working days Apply
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Standard Chartered Personal Loan

Turn your wishes into reality through the personal loan provided by the standard chartered bank. You can make your dreams come true with the personal loan that can get through instant approval. Online service provided by the bank can be managed through a wide range of services from the secure online banking platforms.

Key Highlights
  • When you will apply it online, you will get instant approval on your loan application.
  • Loans of the EMIs can be last with the tenure of 36/48/60 months.
  • Get the loan amount of Rs. 30 lakhs with zero processing fees.
  • For online applications, you will get a 50% discount on processing fees.
Interest Rate Loan Amount Processing Fee Turnaround Time
11.50% - 18.00% 18.00% Upto ₹30 lakh 1% of the loan amount plus applicable GST Within 4-7 working days post receipt of the documents Apply

Tata Capital personal loan

Need quick funds for unexpected financial emergencies? Now Tata capital can provide personal loan which can be used for covering immediate financial requirements. You will enjoy the interest rates of the loan starting from 10.99% and tenure up to 72 months. Processing speed of the loan is flexible and gets quick access to the money when you need it.

Key Highlights
  • For the personal loan, the bank doesn’t charge any collateral or security fees.
  • Easily withdraw the additional funds to an agreed limit with the bank.
  • The interest of the loan can be charged only on the amount you can use.
  • Prepay the part of the loan any time after 6 months of the availing loan.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.99% - 18.00% Upto ₹25 lakh ₹999-2.50% of the loan amount plus applicable GST Within 72 hours from the receipt of the application Apply
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SBI Personal Loan

In India, SBI is the most trusted bank that can provide all types of without charging any additional process cost with low-interest rates. So, State bank of India (SBI) also provides personal loans that can be meet your instant needs. Whenever you are applying it on online, you will get discounts on the processing fees.

Key Highlights
  • Charged low-interest rates on a daily reducing balance.
  • Low processing charges with no administrative charges.
  • Required minimal documentation that you had always wanted.
  • Reduce the interest burden with no prepayment penalties.
Interest Rate Loan Amount Processing Fee Turnaround Time
11.45% - 14.90% Upto ₹20 lakh 1% of the loan amount plus applicable GST Depends on the internal policy of the bank Apply

Axis Bank Personal Loan

Axis bank loans are generally instant and come with no foreclosure and part payment charges. Whenever you are planning for the home renovation, dream wedding, and a vacation, then the bank can offer personal loans started from Rs. 50,000 up to RS. 15,00,000 with minimal documentation and speedy approval.

Key Highlights
  • The minimum age of applying the loan is 21 years and requires a valid set of documents.
  • To ease of paying the loan burden, you may opt for the EMI facility.
  • Repayment tenure can be ranged from anywhere between 12 to 60 months.
  • The loan can be approved based on age, income and credit score.
Interest Rate Loan Amount Processing Fee Turnaround Time
12.00% - 24.00% ₹50,000-15,00,000 1.50%-2.00% of the loan amount plus applicable GST Apply
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HSBC Personal Loan

When your expenses rise instantly in the home furnishing, higher education, family holidays and wedding events, then apply for the personal loans provided by the HSBC. The HSBC personal loans can also bear other expenses as per your personal needs and contingencies. The application can be disposed of within 15 days from the date of receipt.

Key Highlights
  • Enjoy the easy documentation, quick processing, and disbursal of loan.
  • Get loans with a flexible tenure of up to 5 years.
  • Easy monthly repayment through EMI on the HSBC bank account.
  • At the processing, the phase doesn't require any collateral/ guarantor.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.50% - 17.84% Upto ₹30 lakh Upto 1% of the loan amount Within 15 days post the receipt of the application form Apply

Yes Bank Personal Loan

Personal loans offered by the Yes bank are generally meet your personal needs and day-to-day emergencies. Such loans can be ranged from the Rs.1 lakh to Rs.40 lakh with attractive interest rates for tenure ranging from 12 to 60 months. The longer tenure period provided by the bank can help you to repay the loan amount to reduce your monthly budget.

Key Highlights
  • It enables the customers to choose the tenure of their loan.
  • To determine the repayment schedule, calculate the EMI to pay across loan tenure.
  • A loan can be processed and sanctioned in a matter of hours.
  • Approve the loan within 5 days with an interest rate of 10.99%.
Interest Rate Loan Amount Processing Fee Turnaround Time
Starting at 10.99% Upto ₹40 lakh Upto 2.50% of the loan amount subject to a minimum of ₹999, plus applicable GST Within 5 days from the receipt of the application Apply
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ICICI Bank Personal Loan

By using the minimum documentation, you can get the personal loan up to Rs.20 lakhs with an attractive rate of interest from the ICICI bank personal loan schemes. For your dream holiday destination, latest gadgets, home renovation, or anything that you will always desire, ICICI can provide personal loans at interest rates starting from 11.25%.

Key Highlights
  • Avail the personal loan through the easy and quick processes.
  • Get attractive interest rates on the loan amount you have applied.
  • Require minimum documentation without any security.
  • Enjoy the flexible repayment options of 12 to 60 months.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.99% - 18.49% Upto ₹40 lakh ₹999 -2.25% of the loan amount+ applicable GST Within 72 hours of the submission of documents Apply

IDBI Bank Personal Loan

To meet your unexpected financial exigencies or want to pay the high priced credit card funds, IDBI bank personal loan can provide you funds for the urgent educational and hospitalization expenses, marriage in the family and home renovations. The loans of the IDBI banks make the whole process handy and manage the money to avail for a home loan.

Key Highlights
  • Minimum and maximum age for applying the loan is 22 and 58 years.
  • Overdraft facility would be valid for the 2 years and also renew in 2 years.
  • Prepayment can be allowed after six months of the loan disbursal.
  • Minimum loan amount is Rs.50,000 and the maximum amount is Rs.10,00,000.
Interest Rate Loan Amount Processing Fee Turnaround Time
9.65% - 14.00% Upto ₹10 lakh As applicable Depends on the internal policy of the bank Apply
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IDFC first bank personal loan

Searching for a bank to get a personal loan with a flexible repayment schedule and competitive interest rates, then IDFC's first bank seems to be the best option. IDFC bank can help you to realize your dream whether it is related to the perfect wedding or visiting your dream holiday destination.

Key Highlights
  • Apply for the loans easily in online instantly within just 2 minutes.
  • Borrow the loan from Rs. 1 Lakh to Rs. 25 lakhs basis of your eligibility.
  • Repay the personal loan in tenures ranging between 1 and 5 years.
  • Borrow more money by using for meeting the unexpected expenses.
Interest Rate Loan Amount Processing Fee Turnaround Time
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Lakshmi villa bank personal loan

Connect with the Lakshmi villa to sanction a personal loan to meet your large obligatory expenses that can be arisen out of everyday life. The bank can provide the loan with low-interest rates with flexible payment tenures. The processing speed of the loan is very fast and credited to your account very quickly.

Key Highlights
  • Pay off the loan in easy installments and repay it via auto-debit.
  • Loan starting from Rs.10,000 and there is no maximum cap.
  • Loan needs to repay within the tenure of 1 year to 5 years.
  • Document verification process is performed through international tested methods.
Interest Rate Loan Amount Processing Fee Turnaround Time
11.55% Upto ₹20 lakh 0.25% of the loan amount, subject to a minimum of ₹2,500, plus applicable GST Depends on the internal policy of the bank Apply
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Federal bank personal loan

Take the hassle-free personal loan from the Federal bank for the salaried individuals of monthly salary of Rs. 25,000. Moreover, the loan approval process is very faster with limited interest rates. So, apply for the loan online for approving it within your specified time slot without having any difficulties and issues.

Key Highlights
  • Maximum loan amount provides by the bank is Rs. 25 lakhs.
  • Get attractive interest rates with a maximum tenure of 48 months.
  • Enjoy faster processing with minimal paperwork.
Interest Rate Loan Amount Processing Fee Turnaround Time Turnaround Time
11.49% Onwards Upto ₹10 lakh 0.50% of the loan amount Depends on the internal policy of the bank Apply
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DCB Personal Loan

When you are searching for the best personal loan with the lowest interest rates, then why don't you connect with the personal loan provided by the DCB? The DCB (development credit bank) can provide personal loans that can be used for financing personal needs, medical needs, and used for personal events such as for the marriage.

Key Highlights
  • For applying for the personal loan in DCB you don't need any collateral.
  • Loan can be approved with the minimum documentation.
  • Get the loan which can be offered with attractive interest rates.
  • Throughout the process, you will enjoy the quick loan processing.
Interest Rate Loan Amount Processing Fee Turnaround Time
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Oriental bank of commerce

To meet the expenses of your family like the marriage, education, family functions and the purchase of your consumer durables, the oriental bank of commerce can provide the personal loans in the terms other legitimate purposes. Loans can be approved after verifying your age and other eligibility.

Key Highlights
  • For applying for the loan, the monthly income should not be less than Rs.10,000.
  • Net income should not be less than 30% of the total income after reducing the EMI.
  • Gross monthly salary should not be less than Rs.50,000.
  • Individuals need to be permanent and confirmed employees of PSU.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.55% - 11.20% 15 times of gross salary, subject to a maximum of 0.50% of the loan amount, subject to a minimum of ₹500, plus applicable GST Depends on the internal policy of the bank Apply
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Central bank of India loan

To meet your personal and domestic expenses, the central bank of India can provide personal loans with low-interest rates. First, you have to know about the eligibility criteria of the bank and other factors before applying for the personal loan and make sure that your loan doesn't get rejected because it will adversely affect your credit score.

Key Highlights
  • Loan EMI can be equated to a tenure of 48 months installments.
  • Provide personal loans under 6 categories with interest rates starting from 11.15% pa.
  • Avail the loan amount up to Rs. 10 lakh to each of the individuals.
  • Bank charges the processing fees of Rs.500 plus applicable taxes.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.25% - 12.20% 20 times of gross salary, subject to a maximum of 10,00,000. The minimum net take home income must not fall below 40% of the gross salary after deductions, including the proposed EMI ₹500 + applicable GST Depends on the internal policy of the bank Apply
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J & K personal loan

Doesn’t matter if you are a government employee, student of the recognized institutions, self-employed professional, private employee, then personal loan schemes offered by the Jammu and Kashmir bank are combined within your criteria. All of its schemes are designed and offered for a wider audience and care to the varied personal needs.

Key Highlights
  • Loan amount offered by the bank varies from scheme to scheme.
  • Tenure of the bank varies and offered when it comes to repaying the loan amount.
  • Personal loans can be submitted along with minimum documentation.
  • Bank can provide the personal loan as per the finance scheme of employees.
Interest Rate Loan Amount Processing Fee Turnaround Time
11.90% - 13.90% Upto 36 months gross salary NIL Depends on the internal policy of the bank Apply
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IndusInd Bank Personal Loan

Personal loans are commonly unsecured loans because they can be used for many purposes. So, the Indusind bank can provide personal loans that can help you to achieve all your immediate funding goals. Through the loan, you can take the vacation that has been delayed for long, buy your dream car or renovate your home.

Key Highlights
  • Obtain the loan with simple documentation, speedy disbursal, and quick processing.
  • Loan tenure can be ranged from 1 to 5 years as per your convenience.
  • Through balance transfer options, you can prevent the high-interest debts.
  • Get the best personal loan interest rates without any collateral.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.99% - 16.00% Upto ₹15 lakh 1%-3% of the loan amount plus applicable GST Within 4-7 working days post receipt of the documents Apply
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Corporate bank personal loan

Corporate banks are provided with personal loans to meet the urgent requirements of individuals. They will provide personal loans that can be used for numerous personal expenses such as education, medical and other personal finance requirements. In this way, you can enjoy the loan with the interest rates starting from 12.95% with the lowest rates.

Key Highlights
  • Loan borrowers need to within the age group of 21 and 58 years.
  • Tenure of the personal loan needs to be 12 to 36 months.
  • Personal loan rate of interest is in the range of 12.95% to 13.95%.
  • Loan amount can be 1 lakh to 2.50 lakh with the lowest EMI of Rs. 3,367 per lakh.
Interest Rate Loan Amount Processing Fee Turnaround Time
10.75% - 12.25% Upto ₹3,50,000 1.50% of the loan amount, subject to a minimum of ₹500 Depends on the internal policy of the bank Apply
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Karnataka bank personal loan

Every person has different financial needs at different stages in his life. So, the Karnataka bank can understand your changing financial needs and provide a personal loan with low-interest rates. The bank can provide personal loans for several things such as education, wedding, repairing of house, medical expenses, and tourism.

Key Highlights
  • Maximum amount of the loan is Rs.5 lakh and lasts for up to 60 months.
  • Rate of interest of the personal loan is lying between 12% to 17%.
  • Minimum tenure of the loan can last for 6 months and the age limit is 21.
  • Through digital paperwork, the disbursal time of the loan is 10 minutes.
Interest Rate Loan Amount Processing Fee Turnaround Time
12.00% - 17.00% Upto ₹5 lakh 0.50% of the loan amount Depends on the internal policy of the bank Apply
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Edelweiss personal loan

Personal loan provided by the Edelweiss banks is defined as a person leading solution for the salaried individuals. The loans provided by the Edelweiss banks can offer lower interest and not have to pay any processing charges. Short term loans provided by the bank can enable you to save more on total interest paid compared to longer tenure loans.

Key Highlights
  • Current high-interest debts are consolidated without any additional cost.
  • Interest can be paid without involving any hidden charges.
  • Eligibility of the individuals can be checked within 90 seconds.
  • Loans can be approved instantly after verifying eligibility.
Interest Rate Loan Amount Processing Fee Turnaround Time
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Aditya Birla capital personal loan

Temporary storage funds can prevent the indulging needs of your family. So, the personal loan provided by the Aditya Birla capital bank can help you to fulfill your hold financial desires conveniently. The bank can cover the immediate need of individuals from the ages of 23 to 60 at a fixed rate of interest.

Key Highlights
  • Flexible repayment options with tenure options for up to 60 months.
  • To avail, the loans never require any security or collateral.
  • Throughout the loan tenure, interest rates remain unchanged.
  • Maximum sanctioned loan amount for a personal loan is Rs. 50 lakh.
Interest Rate Loan Amount Processing Fee Turnaround Time
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Fullerton India personal loan

Fullerton India can provide you a personal loan that can deliver the best value of your money with great transparency and simplicity. Throughout the process, the bank can provide the loans at every step with tailor-made solutions such as home renovation, financing the wedding, paying the medical emergencies, and other personal needs.

Key Highlights
  • Loans can be up to 25 lakhs to bear the expected and unexpected expenses.
  • Documentation process is hassle-free with friendly advisors.
  • Personal loans can be approved within 30 minutes of application.
  • Provide digital query servicing and flexible repayment options for up to 60 months.
Interest Rate Loan Amount Processing Fee Turnaround Time
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IIFL Personal Loan

With the IIFL bank, you will get the 100% end-to-end online personal loan solutions. Through the application process, you will get instant approval in 5 minutes by uploading all the documents. You can take the loan for various purposes like the latest gadgets, wedding, purchase of a vehicle, home renovation, higher education and many more.

Key Highlights
  • Provide you the personal loan up to Rs. 25 lakhs as per your income.
  • Ensure that the amount disbursed into your account in just 8 hours.
  • Loan processing charges are up to 2% of the loan amount with GST.
  • Rate of interest of the personal loan started from 13%.
Interest Rate Loan Amount Processing Fee Turnaround Time
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HDBFS personal loan

When you are planning for your wedding, selecting the school for the child, or looking for an exotic vacation, then apply the personal loan provided by the HDBFS bank. As it is a non-banking financial company, so it can consider the growing needs of the Indian aspirational who is serving both the individual and business clients.

Key Highlights
  • For applying for the loan, the minimum age of the applicants needs to be 22 years.
  • Maximum age of the loan applicant maturity needs to be 65 years.
  • Loans can be ranged up to 20 lakhs and tenure range from 12 to 60 months.
  • Enjoy the quick and speedy processing with minimum hassle-free documents
Interest Rate Loan Amount Processing Fee Turnaround Time
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Check Your Eligibility before Applying Personal Loan

Eligibility criteria for applying the personal loan vary across the bank to the bank. So, the personal loan eligibility criteria can include several things such as age, income, occupation, and a regular source of income for availing the loan. So, check the eligibility criteria of your personal loan before proceeding with the loan application.

Criteria Salaried Self-Employed
Age 21 years to 60 years 22 years to 55 years
Net Monthly Income Rs.15,000 Rs.25,000
CIBIL Score Above 750 Above 750
Minimum Loan Amount Rs.50,000 Rs.50,000
Maximum Loan Amount Rs.25 lakh Rs.30 lakh

Documents Required for Personal Loan

Requirements Salaried Individuals Self Employed
Proof of Identity Passport, Voter’s ID, Driving License or PAN Card Passport, Voter’s ID, Driving License or PAN Card
Proof of Residence Passport or utility bills Passport or utility bills
Proof of Income Bank statement of salary account for the past two years Audited financial statement of the past two years

How Can I Apply For A Personal Loan?

Whenever you are decided to apply the personal loan for emergency expenses, you should consider numerous steps. So, when you apply for a personal loan, follow the below steps:

  • Log in on the lender website by giving your verified mobile number and password.
  • Open the loan application and enter your desired loan amount.
  • Enter the pan card and address details with all the documents required for loan approval.
  • After the loan is approved, you will get money into your bank account instantly.

Tips Keep in Mind While Applying for Personal Loan.

  • Maintain a good credit score
  • Careful with credit card consolidation
  • Analyze the originated fees charged by the lenders
  • Compare the interest rates of banks
  • Evaluate the ability to repay the loan
  • Avoid the gimmicky offers and loans

Features & Benefits You Will Get From Eazy Bank Loan

If you want to enjoy the best personal loans in India, then consider none other than Eazy Bank Loan to grab the best personal loan deal. We can provide you a hassle-free loan journey by clearing all of your loan related issues. The following features and benefits you will get by applying for the personal loan in the Eazy Bank loan.

  • Provide industry best interest rates of different banks in India
  • Get the loan amount instantly in your account after it approves.
  • For instant verification, you can use a PAN card and address proof.
  • Receive and manage loans directly on the website i.e. simple, easy and convenient.
  • For higher loans, no pre-payment charges will be applicable.
  • Use the EMI calculator to plan the loan repayment.

Other Fee & Charges

All the other fees and charges related to the personal bank loans vary from bank to bank and debited from your savings account. Here are listed as follows:

    Loan origination or processing charges are non-refundable.

  • Additional interest charges due to the late payment of loans.
  • Prepayment charges or foreclosure of loans for paying the debt before the time.
  • Repayment mode swap charges for equating the monthly installments.
  • EMI bounce charges for not paying the EMI in its stipulated time slot.
  • Good and service tax (GST) charges during the loan sanction or during the period of loan repayment.
  • Loan cancellation charges for canceling the loan at the date of the issue.
  • Apart from all, loan charges other fees for a non-maintenance mode of payment charges incurred in the filling of legal suit, etc.

Types of Personal Loan in India

Whenever you are applying for a personal loan, make sure that you have complete knowledge about the different types of personal loans provided by different banks in India. Such as:-

  • A home renovation loan is generally approved for giving your house a new look and help you to handle the maintenance works costs, refurbishing, and many more.
  • In India, the wedding is turned out to be a big expenditure. So, instead of wasting your all savings, take the wedding loan to fund all your wedding-related expenses with ease. A medical loan can use for bearing medical expenditures. The medical loan gets instant approval with low-interest rates. The educational loan helps the kids to fulfill their aspects of studying as well as helpful for funding their tuition fees. Debt consolidation loans are meant for consolidating all your existing debts and manage your installments in a better way.
  • Travel loans in terms of personal loans can fund expensive family trips and vacations to different places

Make Sure of Getting the Personal Loan.

The repayment period of the personal loan ranges from 12 to 60 months. Many people would like to repay the loan in entire tenure while some prefer pre-payment and part-payment. Below points given all the details:

  • Meet the eligibility criteria for applying the personal loan which is a minimum of 21 years of age and the maximum age is 60 years.
  • When you apply for the loan, choose the loan amount reasonably based on your current income status and repayment ability. Maintain a good credit score with the debt to credit ratio and calculate it by using credit payments and previous loan repayment figures.
  • Make sure that you have not taken any other loan at least past six months before applying the personal loan because you are unable to take the burden of two loans at a time.
  • People are applying for personal loans in multiple banks for loan approval possibilities. So, don't apply the loan to many banks.

Pre-Payment & Part –Payment in Personal Loan

The repayment period of the personal loan ranges from 12 to 60 months. Many people would like to repay the loan in entire tenure while some prefer pre-payment and part-payment. Below points given all the details:

  • Pre-payment allows people to save money that would have been spent on the interest rate. In this people would reinvest the money and use it for personal expenses.
  • Part-payment is used for paying the principal parts. So, when the principal amount reduces, the rate of interest reduces automatically. It helps to reduce both the EMI and interest rates.

Things You Should Do After Paying Off Your Personal Loan

Numbers of reasons are responsible to take out the personal loan. If you are thinking about paying off the personal loan for saving the money on the interest charges, then research the loan prepayment penalties. The below things you should consider after paying off your personal loan such as:-

  • Get confirmation from the bank for paying off the loan successfully.
  • Bank sends you a letter regarding your loan paying off within its specified tenure.
  • Pre-qualified by the lenders and get an opportunity to take personal loans several times.
  • Know the best ways to save on your next personal loans.
  • Take enough time to shop around and choose another loan that fits your financial issues the best.

Modes of Personal Loan Payment or Repayment

People are choosing different modes of payment or repayment modes in their personal loans. There chosen mode of payments can affect their interest expenses during the loan period. Following points define the different modes of payment taken by the user:

  • Standing instructions give all the details of the savings account which is available on the bank where the loan is approved to the lender for withdrawing the EMI owed by the bank automatically.
  • Post-dated cheques equaling the loan tenure and submit the cheques to the bank on the date specified on the cheques.
  • Electronic clearing service follows the same principles of standing instructions to take the EMI from your account.
  • Paying the loan with a debit card and credit card is almost likely to indicate the writing of a personal cheque without the hassle of filling out.

Check Your Personal Loan Status

If you want to check the status of your personal loan without going anywhere, then check its status through online websites of banks or financial institutions. In online, the banks can provide their customers a simple and hassle-free means for checking the loan status. Once the loan is approved, check the status of your loan in online by giving the following inputs:

  • Application name
  • Reference name
  • Date of birth
  • Mobile number
  • PAN number

Get Your Personal Loan Statement

When your personal loan is approved by the bank, you have to check the personal loan statement for keeping the track record of the repayment schedule. Following steps will help you to check the statement of your personal loan online through the official website:

  • Open the website and click the customer portal link.
  • Provide the customer ID which is assigned you after the loan approval.
  • Once you will put your mobile number, you will receive a one-type password.
  • For evaluating the customer ID, enter the OTP received in your registered mobile number.
  • Once all the inputs are given, you will easily log in to your loan account.
  • Once you will log in, then you need to select the services from the available options.
  • At the final phase, click on the view details by choosing the E-statement.

Avoid Rejection of Personal Loan Rejection

Want to increase the chances of loan approval, try to avoid all the chances of personal loan rejection. Follow the below steps to avoid the rejection chances of personal loans:

  • Analyze the credit requirements of the loan because each has its own amount to qualify the loan.
  • Like the credit, consider your monthly income because if you don't have sufficient income to pay back the loan, then you can't afford to borrow.
  • Sufficient collateral can help you to qualify for the loan and get better rates and terms in loan.
  • Check the lenders of your personal loan briefly to make sure that you can get the funds to fulfill your immediate requirements.
  • Double-check the online loan application because missing the small details in the form could result in a rejection.
  • Limit the outstanding debt for showing your lenders that you can pay off the loan each month and responsible for your money.

Personal Loan Balance Transfer

If you want to reduce the burden of your existing personal loan, then the best option is to perform the personal loan balance transfer by connecting with the bank. The balance transfer can provide several benefits to the borrowers such as:

  • Competitive interest rates of the loan lower the EMIs.
  • Hassle-free transfer with minimal documentation.
  • Loan balance transfer methods have low processing fees.
  • Get additional top-up amounts to meet the current financial requirements.
  • Flexible repayment tenure and swift pay-out.
  • Reduce the personal loan burden and improve the credit rating.

Personal Loan Disbursal

A personal loan is the best way to finance your emergency needs and wants. On the other hand, the loans require simple documentation as well as a simple disbursal process. Below points define the personal loan disbursal process:

  • Modes of repayment
  • Disburse loan amount
  • Process of repayment
  • Bank confirmation
  • Transfer of the loans
  • Change of the account


1. Personal Loan Disbursal

Now the banks or financial institutions provide personal loans for various purposes such as for home renovation, family marriage, child education, medical expenses, and any other emergencies. For applying the loan, visit the website of the bank or financial institution and choose the specified bank for applying the loan. At first, you have to fill the instant personal loan application with the required details. As a result, you will notice that the loan can avail within 24 hours of approval.

2. What are the required documents under each program?

For getting a personal loan, you have to submit many of the important documents on the websites of banks or financial institutions that can provide bank loans from multiple banks. Such as

  • Need Identity proof from anyone such as PAN card, Adhar card, Voters Id card, Passport and driving license.
  • Need residence proof of any such as Leave and license agreement or utility bill of fewer than 3 months.
  • Latest 3-month bank statement of salaried appliers and 6-month bank statement of self-employed appliers.
  • Income proof of the last two years for self-employed appliers and salary slip of the last 3 months of salaried employees.

3. What is the personal loan EMI calculator?

EMI calculator is used in the personal loan for calculating the different consequences of the loan in 3 states such as loan amount which defines the rupee's value of the loan that you have borrowed from the bank, the interest rate which defines the amount charged by the bank for your taken loan and none other than the tenure of the personal loan that defines the period of which you take the personal loan. The calculator can calculate your repayment schedule in regular installments within a minute.

4. When should one take a personal loan?

A personal loan can help millions of people to meet their shortfall financial crisis such as buying a new car, sudden medical expenses, education of children and other things. The main reason behind taking the personal is, it is less expensive than other forms of credit and has a lower interest rate that allows you to pay off the debt faster as well as affordable monthly payments during the loan term

5. What can a personal loan be used for?

People are generally applied for taking personal loans to cover up their medical bills, debt consolidation, and home improvements. The personal loans are commonly meant to meet the unavoidable pay off and urgent expenses. On the other hand, you can also pay off the personal loan for paying less urgent things in your life such as weddings, vacations and many more.

6. Is a personal loan is available for a holiday of travel purposes?

Yes, a personal loan can be available for a holiday of travel purposes with a loan term between 1 to 7 years. The reason behind using the personal loan for travel purposes is, it can offer a fixed interest rate, fixed monthly payment, fixed repayment schedule and easy to apply for online. So, while planning for holiday travel by applying the personal loan make sure that the trip doesn't ruin your finances.

7. Do I need to provide any security to apply for a personal loan?

The personal loan is commonly defined as a fund that can be provided to the people of immediate cash requirements or financial needs. So, when you are applying for a personal loan then the lender never asks you about the end-user and does not require any type of collateral fee or security such as property, gold, etc. for approving the loan.

. How I should apply for personal loans online?

When you are deciding to apply for the personal loan online, you have to follow a few of the below steps:

  • Evaluate the exact loan amount you need with the bank’s eligibility conditions for approving the loan, determining the loan EMI you can afford to pay and the interest rate offered by the bank.
  • Fill the personal loan application form in the banks or financial institutions website.
  • Along with the application form, you can also provide documents for KY, income proof and address proof.
  • Then the bank will verify your documents and approve the loan amount based on your eligibility.
  • After the loan is approved, the amount is credited to your account directly within a few days.

9. How to check my personal loan status online?

Now the loan applicants can easily check the status of their personal loan by availing the online calculators provided by the bank or financial institutions. For checking the status of the personal loan the applicants first need to visit the online portal of the bank with the following inputs. Such as:

  • Applicant name
  • Reference number
  • Date of birth
  • Mobile number
  • Identity proof number

10. Can I get a personal loan instantly?

As we know that the personal loans are an unsecured form of a loan that can be applied for fulfilling the immediate requirements. Yes, you can get a personal loan instantly for overcoming your temporary financial crisis. Without any restriction, the amount you borrowed in the personal loan can be used for any purpose you want.

11. How does a personal loan work?

In other words, the personal loans are also called as installment loans. So, the borrowed money can be paid in installment with some interest over the life of the loan which can be generally ranged from 12 to 84 months. Throughout the process, once you have paid the loan in full, your account will be closed automatically. Shortly, if you need more money, then you can apply for a new personal loan.

12. What is credit score and why it’s important?

A credit score is a number that is indicating your creditworthiness. Through the credit score, the lenders can determine your ability to repay the debts. While applying for a personal loan, a credit score is very important means you have a chance of getting the loan easily. On the other hand, the higher your credit score, the lower your interest rates will be and vice versa

13. How max amount of loan I can get?

The maximum amounts qualify for your personal loan is based on your creditworthiness. On the other hand, the loan amount also determined through your monthly income. Most banks can limit the personal loan at Rs. 25 lakhs to an individual. In a few of the cases, the loan applicants are eligible for getting their personal loan amount up to 30 times of their monthly income

14. How credit score will impact on my personal loan application?

Before approving a loan application, the lenders generally give more emphasis on the credit score of the borrowers. If you have a low credit score, then you will get a low amount of loans with higher interest rates because higher creditworthiness can reduce the loan interest in a few instances. So, for approving a higher amount of personal loans, always tried your best to increase the credit score.

FAQs on Personal Loan

Now the banks or financial institutions provide personal loans for various purposes such as for home renovation, family marriage, child education, medical expenses, and any other emergencies. For applying the loan, visit the website of the bank or financial institution and choose the specified bank for applying the loan. At first, you have to fill the instant personal loan application with the required details. As a result, you will notice that the loan can avail within 24 hours of approval.

For getting a personal loan, you have to submit many of the important documents on the websites of banks or financial institutions that can provide bank loans from multiple banks. Such as

  • Need Identity proof from anyone such as PAN card, Adhar card, Voters Id card, Passport and driving license.
  • Need residence proof of any such as Leave and license agreement or utility bill of fewer than 3 months.
  • Latest 3-month bank statement of salaried appliers and 6-month bank statement of self-employed appliers.
  • Income proof of the last two years for self-employed appliers and salary slip of the last 3 months of salaried employees.

MI calculator is used in the personal loan for calculating the different consequences of the loan in 3 states such as loan amount which defines the rupee's value of the loan that you have borrowed from the bank, the interest rate which defines the amount charged by the bank for your taken loan and none other than the tenure of the personal loan that defines the period of which you take the personal loan. The calc

A personal loan can help millions of people to meet their shortfall financial crisis such as buying a new car, sudden medical expenses, education of children and other things. The main reason behind taking the personal is, it is less expensive than other forms of credit and has a lower interest rate that allows you to pay off the debt faster as well as affordable monthly payments during the loan term.

People are generally applied for taking personal loans to cover up their medical bills, debt consolidation, and home improvements. The personal loans are commonly meant to meet the unavoidable pay off and urgent expenses. On the other hand, you can also pay off the personal loan for paying less urgent things in your life such as weddings, vacations and many more.

Yes, a personal loan can be available for a holiday of travel purposes with a loan term between 1 to 7 years. The reason behind using the personal loan for travel purposes is, it can offer a fixed interest rate, fixed monthly payment, fixed repayment schedule and easy to apply for online. So, while planning for holiday travel by applying the personal loan make sure that the trip doesn't ruin your finances.

The personal loan is commonly defined as a fund that can be provided to the people of immediate cash requirements or financial needs. So, when you are applying for a personal loan then the lender never asks you about the end-user and does not require any type of collateral fee or security such as property, gold, etc. for approving the loan.

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When you are deciding to apply for the personal loan online, you have to follow a few of the below steps:

  • Evaluate the exact loan amount you need with the bank’s eligibility conditions for approving the loan, determining the loan EMI you can afford to pay and the interest rate offered by the bank.
  • Fill the personal loan application form in the banks or financial institutions website.
  • Along with the application form, you can also provide documents for KY, income proof and address proof.
  • Then the bank will verify your documents and approve the loan amount based on your eligibility.
  • After the loan is approved, the amount is credited to your account directly within a few days.

Now the loan applicants can easily check the status of their personal loan by availing the online calculators provided by the bank or financial institutions. For checking the status of the personal loan the applicants first need to visit the online portal of the bank with the following inputs. Such as:

  • Applicant name
  • Reference number
  • Date of birth
  • Mobile number
  • Identity proof number

As we know that the personal loans are an unsecured form of a loan that can be applied for fulfilling the immediate requirements. Yes, you can get a personal loan instantly for overcoming your temporary financial crisis. Without any restriction, the amount you borrowed in the personal loan can be used for any purpose you want.

In other words, the personal loans are also called as installment loans. So, the borrowed money can be paid in installment with some interest over the life of the loan which can be generally ranged from 12 to 84 months. Throughout the process, once you have paid the loan in full, your account will be closed automatically. Shortly, if you need more money, then you can apply for a new personal loan.

A credit score is a number that is indicating your creditworthiness. Through the credit score, the lenders can determine your ability to repay the debts. While applying for a personal loan, a credit score is very important means you have a chance of getting the loan easily. On the other hand, the higher your credit score, the lower your interest rates will be and vice versa.

The maximum amounts qualify for your personal loan is based on your creditworthiness. On the other hand, the loan amount also determined through your monthly income. Most banks can limit the personal loan at Rs. 25 lakhs to an individual. In a few of the cases, the loan applicants are eligible for getting their personal loan amount up to 30 times of their monthly income.

Before approving a loan application, the lenders generally give more emphasis on the credit score of the borrowers. If you have a low credit score, then you will get a low amount of loans with higher interest rates because higher creditworthiness can reduce the loan interest in a few instances. So, for approving a higher amount of personal loans, always tried your best to increase the credit score

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