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