Top Personal Loan Providers in India with Their Best Offers
| Personal Loan Provider | What Makes It Best Personal Loan |
|---|---|
| SBI Personal Loan | Best for Borrowers working with Public Sector undertakings |
| HDFC Bank Personal Loan | Higher loan amount and Lowest Interest Rate |
| Standard Chartered Bank Personal Loan | EMI refund or cash back option |
| Axis Bank Personal Loan | Zero/No part-payment and or Foreclosure charges |
| ICICI Bank Personal Loan | Easy and fast personal loan |
| Bajaj Finserv Personal Loan | Best for Flexi Personal Loan |
| Kotak Mahindra Bank Personal Loan | Best option for consolidation of other loans & Cards |
| Yes Bank Personal Loan | Low interest rate |
| TATA Capital Personal Loan | Personal loan overdraft Facility Loans |
| IDFC First Personal Loan | Best for low interest rate |
SBI Personal Loan : Best for Borrowers working with Public Sector undertakings
Key Features
- Loan amount up to Rs. 20Lakhs for salaried individual
- Loan to defence personals and government employees
- Personal loan on pension income
- Flexible repayment options
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 12.5% | 5 years | ₹ 2250 | ₹ 34988 |
HDFC Bank Personal Loan : Higher loan amount and Lowest Interest Rate
Key Features
- Lowest interest rates to salaried individuals and self-employed professionals.
- Loan amount up to Rs. 75.00Lakhs
- Offers personal loan to salaried NRI customers
- Loan amount up to Rs. 75.00Lakhs
- Personal loan tenure from 1 to 5 years
- Personal loan can be disbursed in 24-48 hours’ time.
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 10.5% | 5 years | ₹ 2149 | ₹ 28963 |
Standard Chartered Bank Personal Loan : EMI refund or cash back option
Key Features
- Based on repayment track of the loan SCB offers you EMI refund option on loan
- Low interest rate
- Loan amount up to Rs. 40.00Lakhs
- Low processing fees
- Quick approval
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 12.5% | 5 years | ₹ 2250 | ₹ 34988 |
Axis Bank Personal Loan : Zero/No part-payment and or Foreclosure charges
Key Features
- Personal loan with zero-part payment and foreclosure charges
- Hassel free personal loan
- Tenure up to 5 years to salaried borrowers
- Option to make part payment on loan
- Personal loan for various types of uses
- Low processing fees
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 11.25% | 5 years | ₹ 2187 | ₹ 31204 |
ICICI Bank Personal Loan : Easy and fast personal loan
Key Features
- Quick process, loan can be disbursed in 72 hours’ time
- Option for digital process of loan
- Great customer service
- NRI loans up to 3 years’ term
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 11.5% | 5 years | ₹ 2199 | ₹ 31956 |
Bajaj Finserv Personal Loan : Best for Flexi Personal Loan
Key Features
- Option for EMI and overdraft loan under flexi- personal loan offer
- Loan amount up to Rs. 30.00 Lakhs
- Online application process for faster approval
- Flexibility for use of funds taken as personal loan
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 12% | 5 years | ₹ 2224 | ₹ 33467 |
Kotak Mahindra Bank Personal Loan : Best option for consolidation of other loans & Cards
Key Features
- Loan amount up to Rs. 25Lakhs to salaried individual
- Flexibility for debt consolidation for cards and other obligations
- Affordable interest rate
- 1 to 5 years’ tenure of loan.
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 11% | 4 years | ₹ 2585 | ₹ 24059 |
Yes Bank Personal Loan : Low interest rate
Key Features
- One of the lowest interest rate
- Loan amount up to Rs. 40.00 Lakhs
- Repayment tenure of up to 5 years
- Loan to salaried and self-employed borrowers
- Personal loan for various types of uses
- Low processing fees
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 10.75% | 5 years | ₹ 2162 | ₹ 29708 |
TATA Capital Personal Loan : Personal loan overdraft Facility Loans
Key Features
- Offers an overdraft facility under personal loan
- Interest saving personal loan
- Loan amount up to Rs. 25.00Lakhs
- Digital process
- Quick approval
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 11.75% | 6 years | ₹ 1942 | ₹ 39827 |
IDFC First Personal Loan : Best for low interest rate
Key Features
- Offers one of the lowest interest rate
- Faster turnaround time for approval
- Lowest processing fees
| Interest Rate | Tenure | EMI | Interest Payable in 5 years |
|---|---|---|---|
| 11.69% | 5 years | ₹ 2209 | ₹ 32529 |