Check Out 10 Best Personal Loans in India 2022

Personal Loans

Personal Loans

A loan is a monetary sum provided by financial institutions such as banks which the borrower returns with some interest. Moreover, loans help people get adequate resources that they cannot produce at a time. Loans come in all shapes and sizes. Personal loans have been the most in-demand loans for quite some time now. We have listed some of the best personal loan in India in this blog. 

Some of the best personal loans in India are as follows. Each loan scheme is with a structure showing the various details.

HDFC Bank Personal Loan

HDFC bank provides personal loans to employed and independently working contractors in India. You can check your eligibility with the HDFC bank. It is considered the best personal loan in India. Prime information about the loan is as follows.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
Onwards 11% paUp to 40 lakhUp to 6 yearsUp to ₹4999₹25,000

ICICI Bank Personal Loan

ICICI bank has a good reputation for the quick approval of personal loans. With an exciting interest rate, you can get yourself an opportunity to get a loan with ICICI. The key details are listed.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
Onwards 10.50% pa₹50,000 to ₹25lakh1 to 6 yearsUp to 2.5% of the loan amount₹30,000

Bajaj Finserv Personal Loan

Bajaj brings you an exciting personal loan service at a competitive interest rate. Take a look below for more details.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
Onwards 13% paUp to ₹25 lakhUp to 5 yearsUp to 4% of the loan amount₹22,000

Fullerton India Personal Loan

Simplicity and openness are two commendable qualities of a Fullerton India personal loan. They provide online personal loans instantly. Check some essential details below.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
Onwards 11.99% paUp to ₹30 lakhUp to 5 yearsUp to 6% of the loan amount₹20,000

Indusind Bank Personal Loan

Personal loans from Indusind bank are available at low-interest rates. They provide instant online loan approvals in a matter of minutes. Key details are as follows.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
Onwards 10.49% pa₹30,000 to ₹25 lakh1 to 5 yearsUp to 3% of the loan amount₹25,000

Kodak Personal Loan

Kodak personal loans have got you covered for any of your needs. Take a look at some vital information for the loan below.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
Onwards 10.99% pa₹50,000 to ₹25 lakhs1 to 5 yearsUp to 3% of the loan amount₹30,000 (may vary depending upon the terms)

Also Read: What are the steps I need to take to start a personal internet business?

Standard Chartered Personal Loan

Standard Chartered provides a premium loan experience with minimal fees and smooth processing. Repayment can take up to 5 years.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
Onwards 11.49% pa₹1 lakh to ₹50 lakhUp to 5 yearsUp to 2.25% of the loan amount₹22,000

Personal Loan (Central Bank Of India)

The Central bank provides personal loans with low-interest rates at super affordable fees. Some prime information is as follows:

Interest RateLoan amountDurationProcessing fees
10.75% to 10.95% paUp to ₹10 lakhUp to 5 years1% of the loan amount

Bandhan Bank Personal Loan

Bandhan bank provides loans for every person for every need. Low processing fees and competitive interest rates make Bandhan bank a top-tier choice.

Interest RateLoan amountDurationProcessing fees
Onwards 10.5% pa₹50,000 to ₹15 lakh1 to 5 years1% of the loan amount

SBI Quick Personal Loan

With the trust of SBI comes a quality personal loan scheme. Loans up to ₹20 lakhs can be sanctioned with minimum processing fees.

Interest RateLoan amountDurationProcessing feesMinimum Monthly Salary
10.10% to 14.60% paUp to ₹20 lakhUp to 6 yearsUp to 1.5% of the loan amount (Capped at ₹15,000)₹15,000

Conclusion

Personal loans are a great way to live your life to the fullest. The best personal loans in India provide an excellent opportunity for a hassle-free and smooth personal loan experience. While taking a personal loan, you must carefully go through the documents and check for EMI through personal loan EMI calculator. Fully understand the terms and conditions before getting a loan plan. Create a tension-free experience by choosing the best personal loan in India.

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