A Personal loan is the most popular types of unsecured loans, and hence the interest rates are higher contrasted with secured loans. Having a decent credit score with a good and stable income ensures that you can avail this loan at a very competitive rate of interest.
Personal Loan can be used to buy a new house or to renovate the old one and no need to put any asset to avail it.
You can use this type of loan to buy a new vehicle.
Feeling pressure by debt of credit cards. Use your Personal Loan to pay the credit card bill.
Planning to go for a vacation abroad. spend your Personal Loan to see the dream place
Want to study abroad but need money. Personal Loan can be a good option for it.
Marriage is a once in a life time achievment. make your all dreams come true with Personal Loan.
|Bank||Interest Rate||Procssing Fee||Loan Tenure|
|HDFC Bank||10.75%||Min Rs. 1,999 Upto 2.50%||12 - 60 Months|
|Citi Bank||10.50%||Upto 0.5%||12 - 60 Months|
|Tata Capital||11.25%||Rs 1499, Upto 2.5%||12 - 72 Months|
|Fullerton India||11.99%||1% - 3%||12 - 60 Months|
|Kotak Mahindra||10.50%||Rs. 2999, Upto 2.5%||12 - 48 Months|
|Indusind Bank||11%||0.75% - 1.75%||12 - 60 Months|
|Yes Bank||11%||0.99%-2%||12 - 60 Months|
|HDB Finance||14.99%||Upto 2%||12 - 60 Months|
|Aditya Birla Capital||11%||1% - 3%||12 - 60 Months|
|ICICI Bank||11.25%||0.99% - 2.25%||12 - 60 Months|
|Bajaj Finserve||12.99%||0.5% - 2%||12 - 60 Months|
|RBL Bank||12.99%||Upto 2%||12 - 60 Months|
|IDFC Bank||11.50%||1% - 1.5%||12 - 60 Months|
|Axis Bank||11.25%||1.5% - 2%||12 - 60 Months|
The documentation process can be different in accordance with the particular lender. However, the exact same could be divided in two components - KYC & Financial Records and here are the typically requested documents:
Eligibility for the loan varies from bank to bank and also depends upon the type of the loan. however, the general criteria depend upon your
HDB Finance Personal loan can be utilised to satisfy your expenses. The different areas for availing a personal loan include a much-needed holiday plan, purchasing a high-tech gadget, for the education of kids and the renovation of your home.
|Maximum Loan Amount||Rs.20 lakh|
|Tenure||12 months to 60 months|
|Interest Rate||11.25% to 22%|
|Processing Fees||0.99 % Up to 2.25% p.a. of the loan amount + GST|
|Prepayment Charges||5% p.a. of the principal outstanding amount + GST|
|Loan Cancellation Charges||Rs.3,000 + GST|
|Maximum APR (Annual Percentage Rate)||10.50% - 22%.|
|Fee applicable for BookMyMoney||Rs 0.|
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