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Processing Fee

2000₹

Max Tenure

3 years

Best Rate

28% p.a

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 28%
  • Processing fee - 2000₹

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.1%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Processing Fee

2.50%

Max Tenure

5 yrs

Best Rate

10.99%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Processing Fee

1%

Max Tenure

12 - 16 months

Best Rate

16%

View Details

Features

  • Loans available for salaried individuals
  • Loans are available from Rs 1,00,000/- to Rs 40,00,000/-
  • Repayment tenures from Min 12 Months to Max 60 months
  • Best in Class Rate of Interest
  • Loans at higher rates can be transferred to Axis Bank with our Balance transfer facility.
  • Simplified documentation.
  • Simple procedure, minimal documentation and quick approval.

Pricing

  • Interest rate - 16% onwards
  • Processing fee - 1%

Documents Required

  • Duly filled application form
  • KYC documents (proof of identity and proof of address)
  • Proof of income (Latest 2 salary slips)
  • Last 3 months’ bank statement
  • Identity Proof PAN Card/ Valid Passport/ Aadhaar Card/ Election Card..

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 35.07%
  • Processing fee - 2.5%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Processing Fee

2.5%

Max Tenure

1 year

Best Rate

35.1% p.a

View Details

Features

  • Faster loan disbursal process
  • Simplified documentation process
  • Repayment through Equated Monthly Instalments

Pricing

  • Interest rate - 36.57%
  • Processing fee - 2%

Documents Required

  • ID Proof(any one)- Aadhaar card/Pan card/Driving License/Passport/Voter ID
  • Address Proof(any one)-Aadhaar card/Driving License/Passport/Voter Id
  • Post-dated cheque (For 6/12 Months)

Processing Fee

2.50%

Max Tenure

5 yrs

Best Rate

10.99%

View Details

Features

  • Easy Documentation & hassle free Personal Loan with door step service
  • Faster Process & Approvals
  • No Collateral Required
  • Repayment Tenure from 12 to 60 months

Pricing

  • Interest Rate: 10.99% to 20.75 P.A
  • Processing fee - 0.99 to 2.50 % P.A

Documents Required

  • Application form with 2 photographs, Processing fee cheque
  • ID proof (any one) - PAN,Passport,Driver's license, Voter ID
  • Address proof (any one) - Passport,Utility bill, Lease agreement
  • Salaried - Salary slip for 3 months, latest 3 months bank statement with salary credit
  • Self employed - Office address proof, audited financials for last 2 yrs and latest 6 months balance sheet

Processing Fee

1.0%

Max Tenure

5 yrs

Best Rate

12.49%

View Details

Features

  • Pre-approved personal loan offer
  • No collateral required
  • Simplified documentation process
  • Flexible Repayment Options
  • Attractive Interest Rates

Pricing

  • Interest Rate: 12.49% onwards
  • Processing Fee:1.0% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Processing Fee

1-2%

Max Tenure

12 months

Best Rate

14%p.a

View Details

Features

  • Instant approval and same day cash transfer.
  • Zero physical documentation.
  • No foreclosure charges.
  • Ten Minute loan.
  • Repayment Tenure upto to 36 Months.

Pricing

  • Interest rate - 14% p.a
  • Processing fee - 1-2%

Documents Required

  • ID Proof - Pan card
  • Address Proof - Aadhar card
  • Income proof - 3 months bank statement

Processing Fee

2.5%

Max Tenure

NA

Best Rate

14.5%

View Details

Features

  • Loans starting from Rs. 50,000
  • Faster processing
  • Simple and minimum documentation
  • Flexible Repayment Options
  • Doorstep Service
  • Affordable Rates & Charges

Pricing

  • Processing Fee:2.5% + Service Tax

Documents Required

  • ID Proof: PAN Card, passport, driving license, Aadhar card, voter ID
  • Address proof: PAN Card, Aadhar Card, Passport, Driving License, Voter ID, Electricity Bill, Rent Agreement
  • Income Proof : Latest three months bank statement showing salary credit, Latest three salary slips

Processing Fee

4%

Max Tenure

36 months

Best Rate

14% p.m

View Details

Features

  • Completely Digital
  • Quick loan processing
  • Less documentation

Pricing

  • Interest rate - 14% to 36%
  • Processing Fees - 4% to 8% of loan amount

Documents Required

    Documents Required - Salaried
  • PAN Card
  • Adhaar Card/ Voter ID
  • 1 Current Address Proof
  • E Bill If rented
  • Last 3 months Salary slips
  • Last 3 months (3 salary credits) salaried bank statement – Alternate statement if OD
  • Scanned copy of cancelled cheque of Salaried Account
  • Additional Documents for Self Employed
  • Last 6 months bank statement – Alternate statement if OD/CC (Both savings and Current Bank account statement required wherever Current A/c is available)
  • Business Registration proof
  • Business Address proof
  • Partnership Deed + Business Registration proof
  • If the registration is in the name if the partnership firm, PAN of partnership and ITR and computation will be mandatory

Processing Fee

2%

Max Tenure

6 to 36 months

Best Rate

7.99% p.m

View Details

Features

  • TAT - 1 day ; Quick Loan Disbursal
  • Rate of interest starting from 7.99% ( reducing rate of interest)
  • No prepayment charges
  • No foreclosure charges
  • Flexible tenure 6 to 36 months

Pricing

  • Interest rate – 7.99% onwards
  • Processing fee – 2-4%

Documents Required

  • Photo
  • Pan card
  • Address proof
  • 3 months bank statement
  • 3 months payslips
  • Form 16/ ITR ( if salary above 62500 per month)

Processing Fee

2.25%

Max Tenure

5 yrs

Best Rate

14.75%

Processing Fee

999₹*

Max Tenure

5 yrs*

Best Rate

11.49%*

Processing Fee

1500₹*

Max Tenure

5 yrs*

Best Rate

13.99%*

Processing Fee

0.5%*

Max Tenure

5 yrs

Best Rate

12.99%*

Processing Fee

2%

Max Tenure

4 yrs

Best Rate

17.25% *

Processing Fee

2.49%

Max Tenure

NA

Best Rate

16%

Processing Fee

2%

Max Tenure

5 yrs

Best Rate

13.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.95%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.50%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

11.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

13.75%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

14.40%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

10.99%

Processing Fee

nil*

Max Tenure

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Best Rate

12.60%

Processing Fee

nil*

Max Tenure

nil*

Best Rate

9.50%

Processing Fee

nil*

Max Tenure

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Best Rate

9.70%

Processing Fee

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Max Tenure

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Best Rate

10.25%

Processing Fee

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

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Max Tenure

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Best Rate

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

11.45%

Processing Fee

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

14.20%

Processing Fee

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

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Max Tenure

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Max Tenure

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Max Tenure

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Best Rate

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Processing Fee

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Max Tenure

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Best Rate

13.99%

Processing Fee

2.0%

Max Tenure

5 yrs

Best Rate

15.5%

Processing Fee

3.0%

Max Tenure

NA

Best Rate

1%

Processing Fee

2%

Max Tenure

1.6 yrs

Best Rate

18%

Processing Fee

2%

Max Tenure

nil*

Best Rate

23.0%

Processing Fee

2.5%

Max Tenure

nil*

Best Rate

11.99%

Processing Fee

2%

Max Tenure

NA

Best Rate

Processing Fee

2%

Max Tenure

1-5 yrs

Best Rate

10.75%

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A Personal Loan is a form of financial assistance provided by different banks and NBFCs. It can be used for personal needs such as medical emergencies, higher education, marriage expenses, holiday plans, and many more.

There is no constraint on how the borrowed amount is actually used, unlike certain other types of loans; the borrower has complete freedom to use the money for whatever reason they choose.

A personal loan has two essential properties:

Total flexibility on end-use. There are no restrictions on how you can spend the loan amount. This is in contrast to a home loan or car loan where the amount of the loan can only be used to purchase a property or a vehicle only. You're free to use the money in any way that you want.

Non-requirement of collateral. Personal loans are unsecured loans, meaning you are not required to provide the lender with any collateral in the form of assets, shares or any other properties.

How to Apply for Personal Loan on CreditMantri.com

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Marriage expenses! Medical emergencies! Whatever the reason, a personal loan is the answer. CreditMantri helps you get the best deals on personal loans matching your credit score.

How does a personal loan work?

You can approach your bank or any financial institution to apply for a personal loan. These days, you can even apply for personal loans online. The official website of most of the banks and NBFCs have a provision to apply for a personal loan with a single click.

Your personal loan eligibility is determined based on various factors like your credit score, income, age, employment type, and a few other factors. If the financial institution finds that your eligibility criteria are favourable, they will sanction your personal loan and disburse the amount into your account.

Now, the personal loan amount could be disbursed as cash in your account, or the lender may provide you with a pre-loaded card that can be used for your purchases. Repayments are done through monthly EMIs over the tenure of the loan. Most banks do allow part payments and pre-closure of your personal loan.

What can a personal loan be used for?

There is no condition on the usage of the personal loan amount. The borrower can use their personal loan amount for various needs like marriage, medical emergencies, higher education, vacation planning, home renovations and many such needs.

When is a personal loan a good choice?

A personal loan is a good choice if you need money quickly and for a relatively short term. As you do not have to provide paperwork for the end reason for the loan amount, the loan disbursement will be comparatively quicker than for most other loans. For example, for a home loan, you need to obtain the legal paperwork relating to the property's title deed, all the government permits needed and other supporting documentation. As you are free to use your personal loan for any reason, there is no need for this end-use documentation.

A personal loan is also a good choice when you don't have any assets to pledge for a loan as collateral. Lenders would instead review your credit score and repayment history to determine whether you are a low-risk client and decide whether to accept your application in order to safeguard their assets.

Personal Loan

How much loan amount can I get as a personal loan?

There is no typical loan amount under personal loans. The borrower can avail of loans that vary from Rs.10, 000 to Rs.50 lakhs. The amount you apply for must be commensurate with your willingness to make repayments while applying for a personal loan. The final approved loan sum depends, of course, on the lending requirements used by the bank/NBFC and how they determine your ability to repay the loan.

What is the maximum repayment tenure I can get on a personal loan?

Personal loans are given with a minimum repayment period of 12 months up to a maximum of 7 years.

What is the most important factor in personal loan approvals?

Your credit score and your credit report are the most significant factors that decide whether your personal loan is accepted or not. What does this mean?

Four credit rating agencies, or credit bureaus, are approved by the RBI to issue credit reports and credit scores. In cooperation with banks, credit card companies and other organized lenders, they collect and maintain records of all your credit-related activities. For all your credit transactions, the bureaus receive reports on a monthly basis from these lenders. This includes details on your payments via EMI and credit card (including any late or missed payments), balance outstanding, any adjustment to your total credit limit, and any other information relevant to the creation of your credit profile.

A mathematical formula is used to determine your credit score based on all this information. The score is a representation of your past and present credit behaviour and provides a preview of your credit-worthiness to prospective lenders. Your score would appear to be high if you have a strong track record of making all your payments in time and in full. There will be a negative effect on your credit score if you have a history of defaulting on payments or using unnecessary credit.

What is the role of a credit report in sanctioning a personal loan?

Since you do not provide any collateral for a personal loan to the bank/NBFC, if you default on your payments, the lender runs the risk of losing money. In order to determine your credit background and monitor your loan repayment actions over the years, lenders may review your credit information report (CIR) or credit report. This gives them an understanding of your credit discipline and helps them to decide whether you are a customer of high risk or low risk. A significant consideration for lenders in authorizing a personal loan application is a credit report that demonstrates a clear record of making repayments on time and overall responsible credit behaviour.

What is the minimum credit score to be eligible for a personal loan?

To qualify for a personal loan, it is usually recommended to have a credit score of 750 or above. The higher your ranking, the better your chances of acceptance would be.

Lenders normally look for a minimum credit score of 750 as a first move before determining whether to continue with the processing of your application. Since personal loans do not ask for any collateral, lenders look at your credit history to determine whether you can be trusted to fulfil your debt obligations. A credit score of 750 suggests that a strong track record of making timely repayments for a prolonged period of time has been demonstrated by the client.

My credit score is below 750. Will I get a personal loan?

There is no guarantee of securing a personal loan for any given credit score. Your chances of being accepted, however, are considerably higher if you have a score above 750. A score that is slightly below 750 at the same time does not necessarily mean that your request will be denied. Some probable results of your personal loan application are listed below:

If your score varies from 300-599, you will not be eligible for a personal loan. A low score is a warning signal to lenders in this area that you do not have a history of good credit behaviour. The majority of lenders will deny your request right away. To restore your credit health and increase your score to a level where you become eligible for a loan will be the immediate steps you need to take.

A credit score of 600-749 - You might have a chance of being accepted by certain lenders, but it is not a high score. They may be able to look at other factors, such as the stability of your career, your annual income, the magnitude of your other liabilities, that will affect your repayment potential in the future. If they agree that, considering your score, you have the potential to meet your repayment burden, your application has a chance of being accepted. However, if you are looking to apply for a personal loan, it is advisable to raise your score to 750.

A credit score of 750 and above - With such a score, you have a good chance of obtaining a loan. A high score has several other benefits: the approval process will be much faster; the amount of the loan could be larger, and you may be able to negotiate a lower interest rate. When you have a high credit score, the entire loan approval process is much easier.

What are the other factors that influence approval for a personal loan, apart from credit history?

During the loan-approval process, your employment is also a significant consideration. Since customers of personal loans do not have any collateral, lenders need to ensure that during the loan duration you will have a steady monthly income that will allow you to make regular repayments. That is why they pay close attention to your work status. They will look at whether you have steady jobs and for a certain amount of time has been in the same position. Someone with a history of regularly changing employment may not be readily eligible for a personal loan because it means that during the loan term he/she may not have a steady or predictable income and may not be able to make regular payments. Being in a job for at least a year before you apply for a personal loan is probably a smart idea.

Another substantial consideration is your annual salary. Again, the banks want to be told that you have a decent income (from salary and other sources) that will allow you to make your monthly repayments because there is no collateral. The higher your salary, the better your chances of getting a personal loan approved.

Also of interest is your EMI payment record. To verify if you have regularly shown financial stability and a history of timely EMI payments, lenders will look at your credit report. If they see that you have made payments on a regular basis and met your debt commitments, they would be inclined to view your request for loans more favourably.

What are the advantages and disadvantages of a personal loan?

The benefits of a personal loan are that they are reasonably easy (because they do not need as much paperwork as a home or car loan); there is no limit on how the money can be spent; no collateral is needed for personal loans. So if you don't have any assets to give as security, like a house, or shares or gold, and are in urgent need of capital, this is perhaps the most convenient alternative.

When opposed to other loans, the biggest drawback of a personal loan is the higher interest rate. Since the lenders have no protection against default in payment, they charge high-interest rates to cover the risk of their lending. In terms of interest rates, personal loans may be one of the costliest loans to take out.

When should I opt for a personal loan?

If you need money urgently and don't have any assets to use as collateral, then the best alternative could be a personal loan. It is important to note, however, that you are going to pay high-interest rates on this loan, so you should have a strategy to be able to make all your repayments on time. Also, before you apply for a personal loan, make sure you have an acceptable credit score. If your application is denied because of a low credit score, with each rejection, your score will drop, even more, making it even harder to access credit in the future.

Personal Loan FAQs

1. How do I pick the best deal for a personal loan?

The only way to determine which loan offer to apply for is to carefully research the different choices. You can judge which deal fits your financial condition and needs once you have a clear understanding of the deals and schemes available.

2. How do I apply for a personal loan?

You may apply for a personal loan in many ways. You can apply directly online on the website of the bank/ NBFC, or you can go to the branch to apply for a personal loan in person; go through websites for online comparison, or you can contact a direct sales agent. CreditMantri will instruct you on how to boost your score in the most reliable and efficient way so that your personal loan application is accepted if you want to apply for a loan and think your credit score may not be good enough. You will also be matched with the most relevant loan deals on the market for you. You will have easier and hassle-free credit access with a decent ranking.

3. Can I get a personal loan during Covid-19?

Though the Covid-19 pandemic has affected the economy adversely, personal loans rank on the top of loan products. The banks have readjusted their business model to accommodate the rising demand for personal loans during this crisis. The application process has been made completely online. Eligibility criteria like minimum income have been relaxed a bit to increase the customer base. In all, personal loan demand has risen considerably during this pandemic and banks have come up with various measures to sanction personal loans for eligible applicants.

4. How is personal loan repayment done?

Personal Loan repayments are done through monthly EMIs over the tenure of the loan. You can find the best EMI that fits your budget using a personal loan EMI calculator.

5. How can I get a 50k loan fast?

The best way to get a loan of Rs. 50,000 is by applying for a Personal Loan. They are quick and do not require any collateral.

6. What are the main documents needed for a personal loan?

The actual list of documents varies from lender to lender. You generally have to provide the following mandatory documents:

  • Identity and address proofs
  • Bank statement for the last 3 months
  • Salary slips/income proof

7. Can I fore-close my personal loan?

Again, it depends on the lender. While some lenders allow foreclosure with pre-closure charges others require you to pay the loan as per the agreed tenure. So, make sure to check the prepayment terms and conditions while applying for the loan.

8. How long does it take for the personal loan amount to be disbursed?

Once you have submitted all the required documents and received loan sanction, expect the loan amount to be disbursed within 24 to 78 hours.

9. What is the interest rates on a personal loan?

The interest rate charged on your personal loan depends on the lender and your credit profile. Currently, the interest rates on personal loans in India start from 8.45% onwards.

10. Will my personal loan EMI change if I change my job?

No. As long as you continue to repay the EMIs on time, a change in job will not impact your personal loan repayment schedule.

11. How can I pay my personal loan EMIs?

you can use any of the following methods to pay the personal loan EMIs:

  • Automatic debits from your bank account monthly (you’ll have to provide standing instructions)
  • Post-dated cheques
  • ECS from any other bank account to your loan account

12. Do I need a guarantor for a personal loan?

Generally, personal loans are unsecured, meaning you don’t have to provide collateral or security. However, if your credit score is low and chances of loan eligibility are poor, having a guarantor may increase your chances of securing the loan.

13. Do personal loans hurt my credit score?

All loans - irrespective of the type of loan - can cause your credit score to dip temporarily, especially at the time of application and approval. However, once you start repaying EMIs on time, a personal loan can help in building your credit score.

14. What happens if I don’t pay my personal loan in India?

Non-repayment of a personal loan is not a criminal offence i.e. you won’t go to jail. But, it can have other repercussions - like poor credit score which will make it difficult to secure other loans and credit cards in the future. The lender may contact you repeatedly to recover the cost of the loan or even may file a legal complaint against you.

15. How much personal loan can I get with a salary of Rs. 15,000?

The actual loan amount you qualify for depends on several factors like your credit score, debt-to-income ratio, other debts, etc. Your income is just one of the many factors that determine the loan amount. You can find the loan amount you’re eligible for by using a personal loan eligibility calculator, available on many sites.

16. How much personal loan can I get with a salary of Rs. 25,000?

Your income is just one of the many factors that determine the loan amount you’re granted. Other factors like your credit score, other debts, previous repayment history all play a crucial factor in deciding the loan amount you’re sanctioned. Use a personal loan eligibility calculator to determine the loan amount you can get.

17. What is the minimum income that I should need for a personal loan in India?

Personal loans are available for individuals with incomes starting from as low as Rs. 15,000 per month.

18. Can I apply for a personal loan jointly with my spouse?

Yes. Applying for a personal loan along with a co-applicant not only increases the chances of eligibility but also qualifies you for a bigger loan amount.

19. What is a personal loan EMI?

The EMI stands for Equated Monthly Installments. This is the amount you’ll have to pay every month to the lender for the entire tenure of the loan. The EMI includes both the principal and interests.

20. Why should I apply for a personal loan online?

Applying for a personal loan online has many benefits like a quick comparison of different lenders, easy online paperless application and quick disbursal.

Latest & Update Personal Loan News

Bad Loans on the Rise for FY 2021 – 22 14 Sep 2021

The RBI reports that NPAs (Non-Performing Assets) are on the rise in FY 2021 – 22 due to the economic slowdown caused by the pandemic. The gross NPAs of banks was 8.5% in 2019 – 20 and it reduced to 7.48% in 2020 – 21, as a result of the loan mortari...

Read more

The RBI reports that NPAs (Non-Performing Assets) are on the rise in FY 2021 – 22 due to the economic slowdown caused by the pandemic. The gross NPAs of banks was 8.5% in 2019 – 20 and it reduced to 7.48% in 2020 – 21, as a result of the loan mortarium and other relaxations announced by the government. As the moratorium ended, NPAs have shot up to 9.80% for the current FY. Missing out on loan payments hurt your credit score and make it difficult to qualify for loans in the future. We highly recommend that borrowers pay their EMIs on time to avoid loan defaults and the subsequent consequences.

CRED Launches New P2P Lending Platform – CRED Mint 23 Aug 2021

CRED, the platform that rewards users for paying their credit card bills on time, has announced a new feature – the CRED Mint. CRED Mint will help CRED users lend and borrow from one another for interest rates up to 9% annually. Lenders using this pl...

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CRED, the platform that rewards users for paying their credit card bills on time, has announced a new feature – the CRED Mint. CRED Mint will help CRED users lend and borrow from one another for interest rates up to 9% annually. Lenders using this platform can enjoy high-quality returns on their money by lending to other creditworthy individuals using the platform. On average, CRED users have credit scores of 750 or more, making them highly creditworthy. The feature will be initially available to select users and then gradually rolled out to all CRED users.

100% Waiver on Processing Fees on SBI Personal & Pension Loans 23 Aug 2021

Are you looking for a personal loan? Then, it’s a great idea to opt for SBI Personal Loans as the bank has announced a 100% waiver of processing fees on personal loans across all channels. The waiver of processing fees also applies to SBI Pension Loa...

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Are you looking for a personal loan? Then, it’s a great idea to opt for SBI Personal Loans as the bank has announced a 100% waiver of processing fees on personal loans across all channels. The waiver of processing fees also applies to SBI Pension Loans. Covid-19 frontline healthcare workers including doctors and nurses can get a special interest concession of 50bps.

This Independence Day, Celebrate your Freedom with a Quick Personal Loan from Fullerton India 16 Aug 2021

To mark the 75th Independence Day, Fullerton India offers personal loans up to Rs. 25 lakhs to help customers fulfil their dreams and attain financial freedom. The interest rates start from 11.99%, and the loans can be applied online via the Fullerto...

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To mark the 75th Independence Day, Fullerton India offers personal loans up to Rs. 25 lakhs to help customers fulfil their dreams and attain financial freedom. The interest rates start from 11.99%, and the loans can be applied online via the Fullerton website or the Fullerton InstaLoan app. Customers can check their eligibility online and complete the loan process from start to finish on the app/website itself.

Personal Loans show Growth in Volume in June 2021 9 Aug 2021

Recent data published by the RBI reveals that personal loans saw an accelerated growth of 11.9% in June, compared to the same period in 2020. In 2020, personal loans stood at 10.4% in June, and it has increased to 11.9% in June 2021. Easy availabilit...

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Recent data published by the RBI reveals that personal loans saw an accelerated growth of 11.9% in June, compared to the same period in 2020. In 2020, personal loans stood at 10.4% in June, and it has increased to 11.9% in June 2021. Easy availability of different personal loans, loans against gold jewellery are some of the reasons for the rapid growth of personal loans in India. Make sure to check the top personal loan offers on the market and choose the best one that fits your needs.

Personal Loan - Customer Reviews

4 / 5 (145 Reviews)
29 Jan 2021

Good website - easy to use,good

30 Dec 2020

Good website - easy to use,Very relevant offers,Good

23 Nov 2020

Good website - easy to use,Use full details.

20 Oct 2020

Usefulness of information,Credit Report Analysis,Website/app interface,Product offers,Well

5 Oct 2020

Product offers,Good

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