The Top 10 Personal Loans Providers |Loan Guide

In our daily lives, we often struggle with financial problems for various reasons. So, we have listed here the best 10 personal loan providers in India will help you from personal financial issues.

1-Yes Bank 

Yes Bank is the fourth largest private bank in India. In addition, this is the only Greenfield Bank license granted by the RBI in the last 20 years. Founded in 2004 by Rana Kapoor and Ashok Kapoor, this is one of the most popular products that have helped banks develop Personal Loan to make banks. They are personalized, faster and easier.

  • Interest rate of 10.75%
  • Loans 12-60 months
  • Age 22 to 60 years (when the payment period)
  • Processing fees Up to 2.50% of the loan amount with a minimum of Rs.999 / – plus tax
  • 12-month blocking period
  • Advance payment / sale fee in advance
  • 13-24 months – 4% of the circulating capital
  • 25 – 36 months – 3% of the outstanding capital
  • 37 – 48 months – 2% of the outstanding capital
  • > 48 months – Nile

2. ICICI Bank 

ICICI Bank is an Indian multinational banking and financial services company. It is Located in Mumbai. In fact, in 2017, it became the third largest bank in terms of assets and fourth largest in terms of market capitalization. ICICI personal loans are flexible, fast, and easy and have a competitive interest rate.

  • Interest rates from 10.99% to 17.99%
  • Loans 12-60 months
  • Age 23 to 58 years (at the time of repayment)
  • The processing fee is Rs 999 / – up to 2.0% of the loan amount and service tax
  • Blocking period is 6 months
  • Prepayment / early termination Up to 5% pa of the basic unpaid fee plus service tax

3. HDFC Bank Limited 

HDFC Bank Limited is an Indian financial and banking services company in India. The company is headquartered in Mumbai, India. In 2016, it finished 69th place. BrandZ Top 100 most valuable branded in the world. HDFC Bank personal loans are one of the most popular products from this bank. In addition, personal loans are easy to get, easy and very fast.

  • 10.99% interest -20%
  • Loans 12-60 months
  • Age 21 years – 60 years
  • Processing costs Up to 2.5% of the loan amount for a minimum of £ 1,999 and a maximum of £ 25,000
  • 12-month blocking period
  • Early repayment / prepaid penalties 13-24 months – 4% of capital
  • 25-36 months – 3% of the principal outstanding
  • > 36 months – 2% of the principal outstanding

4. Kotak Bank 

Kotak Bank is an Indian private bank that offers a variety of financial products. They are well known especially in the areas of personal finance, life insurance and so on. This is the second largest bank in India after HDFC Bank in terms of market capitalization. Private loan boxes are very popular in India. They Offers personal loans with minimal documentation and flexible EMI.

  • 11.00% interest – 24.00%
  • Loans 12-48 months
  • Age 21 years – 58 years
  • Processing fees of up to 2.5% of the loan amount + GST ​​and other applicable legal fees
  • 12-month blocking period
  • Advance 5% of the amount due + GST ​​on capital

5. Tata Capital Limited 

Tata Capital Limited is a financial and investment service provider that offers consumer financing, trade finance, and others. The company is a subsidiary of Tata Sons Limited and was founded in 2007. Tata Capital private loans provide quick approval for personal loan applications. In addition, they provide super-fast debates as well as simple and direct processes.  

  • Interest rates 11.49% -19.00%
  • Loans 12-72 months
  • Age 21 years – 58 years
  • Processing fees starts at Rs. 999 / – + GST
  • Blocking period is 6 months
  • Prepayment / penalty upfront 4.5% of capital + ST

6. IndusInd Bank 

IndusInd Bank is a new generation bank headquartered in India, which began operations in 1994. In addition, the bank specializes in private customers and the most advanced technology. The main purpose of banks is to provide affordable personal loans for private individuals.

  • Interest at 11.49% – 20.00%
  • Interest rates 12-60 months
  • Age 21 years – 60 years
  • Processing fees Up to 2.50% of balance plus tax
  • 12-month blocking period
  • Prepayment/ Preclusive charges of 4% of the principal outstanding

7. IDFC Bank 

IDFC Bank is a new bank that began operating in 2015. The bank is the first bank in India to complete Aadhaar’s non-fraudulent business partner. Bank IDFC personal loans are adjusted according to customer requirements. In addition, banks only provide 3 months as a lock-up period to repay or close loans in advance.

  • Interest 11.69% – 15.00%
  • Borrowing costs from 3 to 60 months
  • Age 21 years – 60 years
  • Processing fees Up to 2.0% of the loan amount
  • Blocking period is 3 months
  • Initial repayment fee / deposit of 3% of capital at the time of loan implementation

8. Bajaj Finserv 

Bajaj Finserv is an Indian financial services company that focuses on loans, insurance and asset management. It is part of Bajaj Holdings and Investments Limited. In addition, Bajaj personal loans are unsecured loans with minimal documentation. In addition, loans offered in EMI are flexible between one year and five years.

  • Interest rate is 12.00% – 16.00%
  • Loan term -12-60 months
  • Age – 25 years – 58 years
  • Processing costs is from 2.25% – 3% of the loan amount
  • Retention period is 1 month
  • Advance payment / sale fee in advance
  • 4% plus applicable capital tax

9. IIFL

IIFL, formerly India Info line Limited, is a diverse Indian financial services company. It is one of the seven largest financial conglomerates in India. It is also India’s leading independent financial services company in terms of market capitalization. In addition, IIFL’s personal loans are very fast in terms of dissatisfaction. They are also available at a 0% part-year fee.

  • 12.00% interest – 20.00%
  • Interest rates 12-60 months
  • Age 21 years – 60 years
  • Processing fees of up to 2.00% of the loan amount plus VAT
  • 9-month blocking period
  • Advance payment / early termination up to 6% of the outstanding capital

10. Capital First 

Capital First is a financial institution that provides loans to small businesses, SMEs (micro, small and medium sized businesses) and Indian consumers. Capital First personal loans are very popular in India because they are easily obtained, quickly approved, and given.

  • 12.00% interest – 35.00%
  • Interest rates 12-60 months
  • Age 23 years – 58 years
  • Processing fees 1.5% to 2% of the loan amount
  • 12-month blocking period
  • Advance payment / initial payment of 5% of the basic amount

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