Compare Personal Loan

Personal Loan

Personal loan for what you need, and why you need it. Get lowest possible rate for your personal loan up to Rs. 50 lakhs. Compare interest rate, processing fees and tenure from best lenders in India.

Compare Personal Loan

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OVERVIEW

LOWEST INTEREST RATE

LOAN TENURE

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PROCESSING FEE

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FORECLOSURE CHARGES

OVERVIEW

LOWEST INTEREST RATE

LOAN TENURE

MAX.LOAN AMOUNT

PROCESSING FEE

PARTPAYMENT CHARGES

FORECLOSURE CHARGES

The Best offers we can find in Comparing Interest Rates with Fees and Charges

Top 10 Personal Loan lenders 2021

Here is a list of the top 10 best personal loan banks on the basis of their respective features. If you wish to avail a personal loan in 2021. Major Banks who offer personal loans

Bank Name Eligible Loan Amount Rate of Interest
State Bank of India Up to ₹ 20 Lakhs 11.45% to 14.50%
HDFC BankUp to ₹ 40 Lakhs10.75% to 21.45%
Axis Bank ₹ 50,000 to ₹ 15 Lakhs 12% to 24%
Citi Bank Up to ₹ 30 Lakhs 10.50% to 18.99%
ICICI Bank Up to ₹ 40 Lakhs 10.99% to 18.49%
Kotak Mahindra BankUp to ₹ 20 Lakhs10.99% to 20.99%
IndusInd BankUp to ₹ 15 Lakhs10.99% to 16.00%
Yes Bank Up to ₹ 40 Lakhs Starts at 10.99%
Bank of Baroda Up to ₹ 10 Lakhs11.55% to 16.55%
PNB Bank Up to ₹ 10 Lakhs 12% to 16%
Why would one require to compare personal loans?

There are many personal loan lenders across India and so are the personal loan offers. An applicant needs to compare the products on the basis of respective interest rates, repayment period, top-up and other facilities. A slight difference can make a significant change in terms of the overall cost of availing the loan.

Here are 5 small tips that one must consider while comparing loans –
  • Consider the overall application process, as many Institutions offer instant online application
  • Check various eligibility criteria, as the loan amount depends on various factors defined under eligibility
  • Make sure you check all available discounts & offers, good credit history can fetch you lower rate of interest
  • Explore personal loan offers which come with balance transfer and top-up facility
  • Contact your existing bank and ask for pre-approved personal loan on offer
  • 4 Tips to find the best loan –

    Finding a loan has never been easier before, finding the best and most suitable loan is now at your fingertips. Here’s how;

  • Compare all available offers
  • While applying for a fresh loan, you must check and compare all available options as every bank has a unique way of profiling an applicant which might affect the overall cost of a loan

  • Assess your running expenses
  • Before applying for a loan, calculate other recurring expenses to make necessary adjustment for the EMI payments. Also apply for a loan amount in line with your expenses and only for the amount required

  • Compare additional expenses on your loan
  • While applying for a loan, one must always check for additional charges and fees that come along with the interest expense on the loan. Most lenders provide relaxations depending your current profile and credit history

  • Choose the right repayment tenor
  • Different lenders might provide you with various repayment tenures, longer tenure may cost less as EMIs will be smaller but over the period of repayment interest expense will be high, however shorter tenure will cost less interest but the EMIs will be much higher

    Top 10 personal loans offers from NBFCs

    NBFC Name Eligible Loan Amount Rate of Interest
    Bajaj Finserv Up to ₹ 25 Lakhs 12.99% onwards
    Tata CapitalUp to ₹ 25 Lakhs11.25% onwards
    Mahindra FinanceUp to ₹ 15 Lakhs 12.00% to 24.00%
    IIFL FinanceUp to ₹ 25 Lakhs 13.00% to 16.99%
    Vintage Finance Up to ₹ 15 Lakhs 16.00 % to 20.00 %
    Shubh LoansUp to ₹ 5 Lakhs16.00% to 24.00%
    Aditya Birla CapitalUp to ₹ 50 Lakhs16.85% to 18.00%
    MoneyTap Loan Up to ₹ 10 Lakhs13.00% to 24.03%
    IndiaBulls Dhani Up to ₹ 20 Lakhs12.55% to 18.55%
    Lendbox Up to ₹ 1 Lakh11.49 % to 32.00 %
    How to get the best personal loan interest rates?

    Personal loan interest rates are flexible and the institutions can offer different rates to different people depending on their overall profile. Here are some factors that can provide best personal loan interest rate from your bank;

  • Maintain a good CIBIL score, as a good credit history can reduce the interest rates significantly.
  • Apply for a loan amount according to your net monthly income, improves your chances of availing low-cost EMI.
  • Maintain a good relationship with your existing bank, loyal and old customers are first on the list for customized loan offers.
  • Either you are salaried or self-employed, be clear about your utility, personal loan for medical emergencies are offered for different rates as compared to loans for leisure.