Salaried Personal Loan

Compare between 40+ banks and apply for the best personal loan. Interest rates start from 10.99% p.a. Leading banks in India offer personal loans with maximum loan amount up to Rs.50 lakh and repayment tenure of up to 5 years. Check eligibility, Interest rates, Processing fees, Loan Tenure, Pre-Payment & Fore closure charges and use our EMI Calculator to calculate EMIs for the Personal Loan from best banks in India. Avail personal loan on Bankbazaar for weddings, travel, home renovation, or an emergency financial requirement.

Best Personal Loan Interest Rates in India

Bank ROI Processing Fees Loan Amount Tenure Institution Type Best Fit For  
Anand Rathi Financial Services Limited Anand Rathi Financial Services Limited 18% 2% 15LAKH 60 Months NBFC MIN.SALARY 25K
Aditya Birla Capital Aditya Birla Capital 13% 2% 40LAKH 60 Months NBFC WE CAN DO ON HL LIVE TRACK
Axis Bank Axis Bank 11% 1.75% 40 LAKH 60 Months BANK MIN.SALARY 25K
Axis Finance Axis Finance 12% 1.75% 30LAKH 60 Months NBFC MIN.SALARY 25K
Bajaj Finserv Bajaj Finserv 18% 6999/- 40LAKH 60 Months NBFC OD FACILITY
Citibank Citibank 11% 1.50% 40 LAKH 60 Months BANK Low Interest Rate & Eligibility on gross salary
Clix Capital Clix Capital 13% 3% 25 LAKH 60 Months NBFC Also do Partnership & Proprietorship co.
DCB Bank DCB Bank 11% 2% 50 LAKH 60 Months BANK MIN.SALARY 25K
Edelweiss Retail Finance Edelweiss Retail Finance 18% 3% 25 LAKH 60 Months NBFC Also do Partnership & Proprietorship co.
Fullerton India Fullerton India 14% 2% 20 LAKH 60 Months NBFC Also do Partnership & Proprietorship co.
HDB Finance HDB Finance 14% 1.50% 20 LAKH 60 Months NBFC Special Offers
HDFC Bank HDFC Bank 11% 2999/- 50 LAKH 60 Months BANK Self-Employed Professional
Hero FinCorp Hero FinCorp 18% 2% 25LAKH 60 Months NBFC MIN.SALARY 25K
ICICI Bank ICICI Bank 11% 1.25% 40 LAKH 60 Months BANK Quick Disbursal
IDFC First Bank IDFC First Bank 11% 2% 30 LAKH 60 Months BANK Loan on Banking sarogate
IIFL IIFL 16% 2% 15 LAKH 60 Months NBFC Easy Eligibility Checks
Incred Finance Incred Finance 18% 3% 7.5 LAKH 60 Months NBFC We do 15K NTH
Indiabulls Indiabulls 14% 2% 20 LAKH 60 Months NBFC MIN.SALARY 25K
Indusind Bank Indusind Bank 11% 1.50% 40LAKH 60 Months BANK Also Do Non-listed co.
Kotak Mahindra Bank Kotak Mahindra Bank 11% 5999/- 30LAKH 60 Months BANK Quick Turnaround Time
Muthoot Finance Muthoot Finance 18% 2% 15 LAKH 60 Months NBFC MIN.SALARY 25K
Poonawala Finance Poonawala Finance 11% 5999/- 25 LAKH 60 Months NBFC MIN.SALARY 25K
RBL Bank RBL Bank 11% 1.50% 50 LAKH 60 Months BANK Also do Partnership & Proprietorship co.
SBI SBI 11% 1.50% 30LAKH 60 Months BANK Different Income Categories
Standard Chartered Bank Standard Chartered Bank 11% 2% 50 LAKH 60 Months BANK Foir on gross salary
Tata Capital Tata Capital 12% 2% 25LAKH 60 Months NBFC Flexible Interest Rates
Yes Bank Yes Bank 11% 1.50% 30 LAKH 60 Months BANK Affordable Interest Rates

Different Types of Personal Loans in India

Usually, a personal loan is not restricted in terms of its utilisation. That is, you can use your personal loan for any purpose as long as it is legal. However, there are certain lenders who provide different loan products on the basis of the purpose which is mentioned by the borrower in the personal loan application. On the basis of utilisation, these are the different types of personal loans which can be availed in India:

  • Personal Loan for Wedding: As the name suggests, a personal loan which is offered particularly for the purpose of meeting the expenses of a wedding is a wedding loan.
  • Personal Loan for home Renovation: A home renovation loan is a personal loan which can be availed to meet the expenses of repairing or renovating your home.
  • Personal Loan for Vacations: A holiday loanis a personal loan which is especially designed for vacations. You can avail a personal loan for your vacation and pay the expenses on a later date through easy EMIs.
  • Personal Loan for Pensioners: A personal loan which is specifically offered to pensioners is known as a pension loan.
  • Personal Loan for Festivals: Certain lenders offer a personal loan exclusively for festivals. If you are looking for a loan to make arrangements for a festival, you can apply for a festival loan.

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