Personal Loan

Interest Rate 9.85% p.a. onwards
Loan AmountUp to Rs.25 lakh  
Loan TenureUp to 5 years 
Processing Fee0% – 6% of the loan amount + GST

A personal loan is a financial instrument that helps you avail funds for a multitude of uses. Like any regular loan; when opting for a Personal Loan you are advanced a specific amount of funds at a set interest rate and can clear it via a fixed repayment tenure. However, a few aspects of a personal loan may prove more advantageous than other loans lie such as:

  • It does not lock in any of the applicant’s assets. As opposed to a Home or Car Loan which locks in the asset against which the loan is sought; Personal Loans provide advances for your needs without any collateral.
  • Unrestricted usage: much like the name states. A personal loan is to be availed in case one needs a financial lump-sum for any personal use. Be it due to a medical/social event, lifestyle needs such as home repairs/renovation, or even to consolidate existing loans.

 Bank

Interest Rate

Processing Fee

Tenure

Fullerton India Personal Loan

 

11.99% to36%

Interest Rate

 

0 to 6%

Processing Fee

 

1-5 Years

Tenure Range

IDFC First Personal Loan

 

 10.49% to 40%

Interest Rate

 

0 to 2.5%

Processing Fee

 

1-5 Years

Tenure Range

HOME CREDIT PERSONAL LOAN

 

24% to 49%

Interest Rate

 

0 to 5%

Processing Fee

 

1-3 Years

Tenure Range

UPWARDS

 

18% to 36%

Interest Rate

 

2 to 4%

Processing Fee

 

1-3 Years

Tenure Range

EARLY SALARY

 

24% to 30%

Interest Rate

 

0 to 2%

Processing Fee

 

1-2 Years

Tenure Range

Axis Bank Personal Loan

 

12.0%  to  24.0%

Interest Rate

 

Up to 2.50%

Processing Fee

 

1-5 Years

Tenure Range

HDFC Bank Personal Loan

 

10.50% TO 21%

Interest Rate

 

Up to 2.50%

Processing Fee

 

1-5 Years

Tenure Range

ICICI Bank Personal Loan

 

10.50% to 19%

Interest Rate

 

Up to 2.25%

Processing Fee

 

1-6 Years

Tenure Range

SBI Personal Loan

 

9.85% – 11.35%

Interest Rate

 

Up to 1.50%

Processing Fee

 

1-6 Years

Tenure Range