Banks that offer Personal Loans

Personal Loan

Do you plan your dream holiday, but you’re short of money? Or are you looking for funds to pay for a family wedding? The personal loan of the bank could be the answer you’re looking for.

At any point in time, unforeseen expenses will come knock at your door. It could take the form of emergency medical expenses; education expenses for your child or even family wedding. You can take care of these needs through a personal loan. You can purchase up to Rs.60 lakh to suit your specific needs. We offer attractive interest rates starting at 10.75%.

A personal loan is a convenient solution to your emergency needs, as no collateral is required. This is a short-term loan with fast repayment options. Bank,  offer you an individual loan which is a one-stop solution for your various needs.

Present Interest Rates for Personal Loans in India

The following is a list of the interest rates currently offered by the major banks and non-banking financial enterprises (NBFCs) in April 2020.

BANK Interest Loan Amount
Axis Bank 12-24% 50,000-15 lakhs
Bajaj 12.99% onwards Up to 25 lakhs
Citi Bank 10.50-18.99% 50,000-30 lakhs
Fullerton India 12-36% Up to 25 lakhs
Hdfc Bank 10.75-21.30% 50,000-40 lakhs
Icici Bank 11.25% onwards 50,000-20 lakhs
Idfc First Bank 11.50% onwards 1 lakh-25 lakhs
IndusInd Bank 10.75% onwards 50,000-15 lakhs
Standard Chartered Bank 10.99% onwards 1 lakh-30 lakhs
Kotak Mahindra Bank 10.99-24% 50,000-15 lakhs
Sbi Bank 10.50% onwards Up to 20 lakhs
Tata Capital 10.99% onwards 75,000-25 lakh
UCO Bank 10.95% onwards Up to 10 lakhs
Union Bank Of India 10.10% onwards Up to 10 lakhs
Yes Bank 10.99% onwards 1 lakh-40 lakh

For the following you can use a personal loan

Home furnishing

Repair, refurbish and furnish an Personal Loan for your dream home. This is designed specifically for homemakers who are interested in structural repairs, interior works, renovation and other improvements to their homes. Take a personal loan and put your concerns to rest when the contractor pays, purchases material or even hires an interior designer.


marriage in this country is a great affair and involves heavy costs. From the reservation of a place to a purchase of jewelry to all functions, a wedding has several costs. A personal loan takes a lot of your pocket money so that you can enjoy your marriage to the full.


We know that you are interested in your child’s education. Often college fees can be expensive , particularly if your child is studying abroad. We understand that at Bank. Our personal loan program helps you finance the education of your child or even your own education.


If you plan your dream holidays and are underfunded, we suggest that you try our personal loan. Take a personal loan and fly to your dream destination without thinking about airline fares, homes, shopping and any other expenses.


Do you need to cope with a medical requirement? Try out our personal loan product with quick payment and easy reimbursement options. At this hour of need, take care of your family. Leave us the concern about funds.

Tenure and Repayment options

Borrowers can opt for a repayment of their personal loans within one to five years. There is no collateral requirement.

You can pay back your loan via Equated Monthly Installations (EMIs). To determine your EMI, use the EMI calculator tool. The EMI must be charged on a monthly basis. Either you can pay by post-dated cheques or you can use the NACH facility. You can also issue a standing instruction to refund your loan by debiting from your bank account.

Calculating EMI

The EMI calculator is a free online resource on the website of This calculator helps you measure the estimated Equated Monthly Payment (EMI) that you will have to pay for the loan.

The EMI calculator takes three things into account when measuring the EMI. The first element is the amount of loan which is also known as the money to be lent. The second factor is the interest rate paid by the bank and the third factor is the loan term.

You should key the loan amount you want to borrow to use this calculator. Then enter the tenure you want to repay the loan. Finally, enter your eligible interest rate.

These variables can be changed to select an EMI that best suits your budget. An EMI computer helps you to better plan your loan

Documents Required for processing Personal Loan

  • Application Form duly signed with applicant’s colored photograph
  • KYC(Pan Card, ID proof and Age proof
  • Aadhaarcard
  • Latest three months payslip
  • Bank statement latest three months

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