Best Personal Loans in India 2017 at 10.99% July

Check which is the best personal loan providers of India at deal4loans.com. Processing fees, prepayment charges & many more. You need a Personal Loan and we want to make sure you get the best.

Personal loan is a popular financial product in today’s consumer world. It is important to know which type of personal loan would be better to cater to your requirements. There are many personal loan providers in the market such as: HDFC, SBI, Bajaj Finserv, ICICI Bank, Standard Chartered and Fullerton India. It is essential to choose the Best Bank by Comparing Documents, Interest Rates offers, process, Eligibility online.

Before you select any type of personal loan for yourself, it is mandatory to know what exactly a personal loan means and what are the characteristics of this financial product.



Compare Personal Loan Rates – Eligibility – Process of Top 10 Banks
Loan Amount

Employment Status

Personal Loan Banks

Best Personal loan Interest Rates July 2017

Standard Chartered

10.99 – 14.49%

ICICI Bank

11.70% – 18.85%

HDFC Bank

11.29% – 19.50%

SBI

11.95% – 16.55%

Kotak Mahindra

11.50% – 19.65%

Axis Bank

15.00% – 20.00%

Bajaj Finserv

11.99% onwards

Standard Chartered

11.99% – 13.49%

Fullerton India

16.00% – 32.00%

IndusInd Bank

14% – 16.5%

What is Personal Loan and who is eligible to obtain it?
Personal loan is an unsecured loan given by Banks and NBFC (Non-banking Financial Institutions) to customers to avail this money for any personal need. In India, these loans are given in the range of approximately 50000 to 5000000 rupees. These loans are available for both Salaried and Self employed customers. Personal loans are not generally available for students or retired people. You can take advantage of these loans on the basis of your income and your past credit history.

Personal loan- From whom I can get?

As this financial service is an unsecured one, you ay have to go through difficult filters to obtain it. Banks do not provide these loans as per the demand from the customers, in a way they are selective when it comes to provide these loans to customers. These institutions will look for stable income, assured sources of earning and credit history while availing this service to anyone. You have to find out which bank is the right choice for you and satisfactory to your requirements and payment options.

Best Personal loan as Per, Processing fee Charges

ICICI Bank

1999 to 2.50%

HDFC Bank

Rs 999/- for Special companies Else 1% – 2.5%

Bajaj Finserv

2.00% – 2.5%

Kotak Mahindra

Zero

SBI

2.00%-3.00%

Axis Bank

2.00%

Standard Chartered

Zero for all

Fullerton India

2.00%

IndusInd Bank

1-2 %

Best Personal loan based on Prepayment Charges

Bajaj Finserv

Upto 4.00%

Axis Bank

Nil

SBI

NIL

Standard Chartered

upto 2.00%

HDFC Bank

Zero (For LA-10 Lakhs & Above with Salary 75k) else- 4%

Fullerton India

Upto 6.00%

Kotak Mahindra Bank

Zero above 10 lakh, Otherwise 5.00%

ICICI Bank

5% Or Nil (For Loan Amount More Than 10 Lacs)

IndusInd Bank

upto 4.00%

Other factors that effect Personal loan:

Working professionals: If you work in top 10000 companies in India you will be given the lowest rates. These are called Cat A OR Cat B companies by banks. It is considered as an internal policy of banking to promote their business.

Cibil Score– It’s a score that a customer gets when he first opt for a loan or Credit card. Based on payment history on previous loans and Credit Cards, you score can vary from 0-900. 0 is when you don’t have a single loan or credit card. Most Banks do not prefer fresh customers.

If you pay your card bills on times and your emis your score are in range of 750-900 which most banks accept you as a customer and ready to give you best offer. If your score is less than 750 then only few Nbfc will do your case.

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Average rating:  
 3 reviews
by Manpreet Kaur on Best Personal Loans in India
Best rates

Through SCB i got best ROI(10.99%) and other banks were giving me 11.99% , thanks to D4L.

Best Comparison

Thanks to Deal4loans Team who helps me to get comparison from Banks to get best deal. I appreciate the quick service & guidance.

by Sukhdev Singh on Best Personal Loans in India
helpful

its quite helpful for newer borrowers who doesn't have any idea about processing & prepayment charges on personal loan.

5 thoughts on “Best Personal Loans in India 2017 at 10.99% July

  • January 2, 2017 at 10:44 pm
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