- July 8, 2020
- Posted by: Ganeshcbani
- Category: Blog
You may have heard the term “personal loan” before, but you might not know exactly what it is or how it works. In this article, we will discuss what a personal loan is and how you can get one if you need one. Additionally, we will provide some tips on how to shop around for the best personal loan rates so that you are getting the most affordable option.
Where am I getting a personal loan?
A personal loan, also known as a signature or an unsecured loan, is a loan on which you can demand without any collateral and minimal documentation. Personal loans are usually accepted by simply reviewing the individual’s credit history and income. The creditworthiness of the borrower shall decide the interest rate and the duration of the loan for personal loans.
The personal loan of Banks/NBFC serves for many purposes and is easily available to employed and self-employed persons. Life may still cast a surprise. Even if these surprises are unexpected costs, we have an immediate personal loan covering your needs. We believe in your dreams and stand by you if you have a big, unexpected cost to pay. The personal loan of Fullerton India serves many purposes, so that you can use the money for any need. For example, a personal loan may be given to fund wedding, travel, child worship, vacations, medical emergency, any large-scale purchase, home repair and even debt consolidation.
We provide a flexible loan to provide timely and required financial help. Up to 60 lakhs can be lent, with flexible repayment tenures up to 60 months. Their competitive interest rates make loan repayment at EMIs affordable and simple. You will receive enough support at Bank/NBFC to meet your financial needs in a matter of minutes. Learn all about the features and advantages of this credit facility.
Various Personal Loan Providers
| Bank | Personal Loan Interest Rates | Processing Fee |
| SBI Personal Loan | 11.30% | 1.00% |
| HDFC Bank Personal Loan | 10.75% | Upto 2.50% Min Rs. 1,999 |
| ICICI Bank Personal Loan | 11.25% | Upto 2.25% of Loan Amount |
| Bajaj Finserv | 12.99% | Starting from 1.50%, Up to 3% |
| Citibank | 10.50% | Upto 0.5% |
| IDFC First Bank | 10.75% | Upto 1.5% |
| Axis Bank | 10.99% | Upto 1.75% |
| Tata Capital | 10.99% | Upto 2.50% of Loan Amount |
| Fullerton India | 11.99% | 2% |
| IndusInd Bank | 11.00% | Min 0.75% to Max 1.75% |
| Kotak Bank | 10.75% | Upto 2.5% |
| RBL Bank | 13.99% | Upto 2% |
| IIFL | 12.99% | 1 – 2% |
| HDB Financial | 13.99% | Upto 2% of Loan Amount |
| Andhra Bank | 11.55% | Case to Case |
| Yes Bank | 10.99% | Starting at 0.99%, Upto 2% |
| Muthoot | 14.00% | 2.5-3.5% |
| Standard Chartered Bank | 10.99% | 1.00% |
| Bank of Baroda | 10.50% | 2%, Min Rs. 250 |
| Union Bank of India | 11.00% | 0.5%, Min Rs. 500 |
| Canara Bank | 13.00% | 0.50% |
| Bank of Maharashtra | 10.85% | 1.00%, Min Rs. 1,000 |
| IDBI Bank | 12.00% | 1.00% |
| Allahabad Bank | 12.15% | 1.06%, Min Rs. 1068 |
| Federal Bank | 11.49% | 0.5%, Min Rs. 500 |
| Karur Vysya Bank | 12.00% | 0.40% |
| Syndicate Bank | 13.40% | 0.5%, Min Rs. 500 |
| Corporation Bank | 12.95% | 1.5%, Min Rs. 500 |
| PNB | 11.50% | 1.8% + Taxes |
| Indian Overseas Bank | 11.50% | Rs. 204 Per Lakh |
| Indian Bank | 11.05% | 0.5%, Min Rs. 508 |
Benefits Of Personal Loan
The online personal loans have many benefits for self-employed and salaried applicants. It product is ideally suited for scheduled and unspent expenditures with online disbursement of loans up to INR 60 lakhs *, flexible repayment tenures, fair interest rates and other facilities. A personal loan can be accessed within 30 minutes * of approval.
Private lending up to Rs. 60 Lakh
Do you desperately need funding? You have our backing. You can borrow up to Rs. 60 lakhs at Branch. Your eligibility for the loan depends on a variety of factors, including your age, net monthly income, existing bonds, etc. Please apply today online to learn more about the maximum amount you can purchase.
Attractive and adjustable interest rates
The starting rate for workers and self-employed individuals with a limit of 36 percent is 11.99 percent. Apply today online and we will review your profile. We assess the best interest rates for personal loans that are suitable for your individual profile and your loan criteria.
System of hazle-free recording
When you apply online, our loan process is absolutely paperless. There was no heavy paperwork at all. You can contact us for a full documentation list. Register from anywhere instantly by simply uploading a soft copy of the correct documents along with the properly filled in credit application form.
Quick disbursement
The application process online offers you an immediate decision on your application for personal loans. Our customer service team will respond within 30 minutes and keep you updated about the current status of the loan application. The approved loan sum will be credited to your bank account within thirty minutes of approval, after all checks have been completed.
Specific benefits for existing customers
Our current customers should expect more advantages. Since we already have your KYC records, the documentation is minimal. You can also expect faster response from us, a discounted rate of interest on personal loans, flexible conditions and exclusive offers. Contact us, then, and learn the incredible surprises we have for you.
