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Personal Loan


Interest Rate

Processing Fee

Loan Amount

Tenure Range

11.50% 2% 2500000 12-60 month Apply Now
11% 2.50% 400000 12-60 month Apply Now
12.99% 3.99% 2500000 12-59 month Apply Now
15% 1.5%+ GST 1500000 12-60% month Apply Now
20% 6.5% 2000000 12-48 month Apply Now
11.99% 3% 150000 3-24 month Apply Now
12.25% 2.25%+GST 2000000 12-60 month Apply Now
11.90% 2.5+GST 1500000 12-60 month Apply Now
14.5% 3% 2000000 12-60 month Apply Now
11.99 3% 3000000 12-59 month Apply Now
12% 2.5%+GST 25000000 12-72 Month Apply Now



What is Personal Loan?

Personal loan is a short to medium term unsecured loan (no collateral) that you can use to meet your financial needs. Though most commonly used to meet expenses related to debt consolidation, vacations and unexpected medical expenses, a personal loan may be used for practically any type of expense.

Top Providers for Personal Loans in India

Providers Loan Amount Interest Rate Processing Fee
HDFC Rs. 25,000 - Rs. 40,00,000 11.00% onwards 2% of the loan amount
Axis Bank Limited Rs. 50,000 - Rs. 15,00,000 11.49% onwards 1.50 - 2.00
ICICI Bank Up to Rs. 20,00,000 11.10% onwards Up to 2.25% of the loan amount
IDFC Bank Up to Rs. 2500000 11.50% onwards 2% of the loan amount

Some of the key documents that you would need to provide with your personal loan application include: Income proof (Salary Slip for last 3 months) Address Proof Documents(Electricity Bill/Water Bill / Rent Agreement) Identity Proof Documents(Aadhar Card & Pan Card) 6 months Bank Statement where salary is being credited Offer Letter/ Appointment Letter

The interest rate varies from bank to bank. And usually it varies from 11%-24% depending upon your profile and the policies/scheme you opt for.

Usually banks disburse your loan within seven working days. However, it is recommended that you keep all your documents ready and in order, especially the post dated cheque (PDC), to avoid any delays. The loan is disbursed only after the completion of submitting of all required documents.

At the time of applying for the loan, banks ask you to submit all the post dated cheques (PDC). for each month with Emi which is equal monthly installments or they ask you to sign an Ecs(Electronic clearing system ) with the account that you hold. Mostly these cheques/Ecs are presented on 1 st of each month , so please do confirm with the bank on that respect.

Part Payment: A part-payment amount is less than the full loan principal amount and this payment is made before the loan amount becomes due. Pre-Payment: This occurs when you pay off your personal loan in part before it becomes due as per the EMI schedule. The pre-payment amount may or may not be equal to the total due amount. Pre-payment charges usually range from 2% to 5% of outstanding loan amount. Additionally, may banks do not allow pre-payment/pre-closure of personal loan before a specified number of EMI payments have been completed. Pre-closure: Pre-closure refers to completely paying off a personal loan before the loan tenure has ended. Just like pre-payment charge, pre-closure charges range from 2% to 5% of the loan amount.