personal loan online

Apply for Personal Loan Online at Top 5 Banks

Finance

Personal loans are the facility provided by banks and NBFCs that help in the times when there is an urgent need of money. Lenders provide a personal loan for self-employed as well as for salaried people depending on their income and other eligibility criteria which is subject to change from one lender to another.

The lowest personal loan interest rate presently is 10.99% per annum which is offered by HDFC Bank but is only for selected applicants only. Since personal loans are unsecured loans, factors like the repayment capacity play an important role in deciding the interest rate and the maximum loan amount.

personal loan online

If the applicant is young and has a high income, he/she is most likely to get a better rate and a higher loan amount. To know the details of Personal loans at top banks, read more:

Apply for personal loan Bajaj Finance

The most important detail a borrower would look for is the interest rate he/she is getting. Here at Bajaj Finserv, the rates are one of the lowest interest rates with the starting rate of 11.99% per annum.

Personal loan eligibility:   

  • Minimum age of the applicant-25 years
  • Maximum age of the applicant-53 years
  • Net monthly salary:
  • ₹40,000 (Ahmedabad, Bangalore, Chennai, Coimbatore, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida, Pune, Surat, Thane)
  • ₹35,000 (Chandigarh, Cochin, Jaipur, Nagpur)
  • ₹30,000 (Aurangabad, Baroda, Bhubaneswar, Indore, Madurai, Mysore, Nasik, Trivandrum, Vijayawada, Vizag)

Apply for personal loan ICICI

  • Interest rate starting from 11% p.a.
  • Tenure up to 5 years
  • Maximum loan amount up to ₹20 lakhs for salaried, ₹30 lakhs for self-employed and ₹40 lakhs for doctors

Personal loan eligibility:

For salaried:

  • Age of the applicant should be between 23-58 years
  • Net monthly income of the applicant should be more than ₹17,500/-
  • Minimum work experience should be more than 2 years with 1 year with the current employer

For self-employed:

  • The applicant’s age must be between 28-65 years
  • The minimum turnover of the business should be more than ₹15 lakhs
  • Minimum experience in the profession should be 5 years

Apply for personal loan HDFC

HDFC bank offers Personal loan interest rates starting from 10.99% per annum onwards which is one of the lowest interest rates in the present market today.

Personal loan eligibility:

  • Your minimum age should be 21 years
  • Your maximum age should be 60 years
  • An individual must have 2 years of working experience wherein having 1 year of experience with the current employer is important
  • The applicant must have a Net Monthly Income of ₹12,000/-. However, the Net Monthly Income should be ₹15,000/- if the applicant is living in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Cochin

Apply for personal loan Axis Bank

  • Interest rate starts from 15.50% p.a.
  • Tenure ranges from 12 months to 60 months
  • No foreclosure charges
  • Processing fees up to 2% of the loan amount + GST  

Personal loan eligibility

For Salaried:

  • The applicant’s age must be less than 58 years
  • Minimum net monthly income of the applicant should be at least ₹15,000
  • Minimum work experience of 1 year is required
  • Good CIBIL score is required
  • The maximum loan amount limit is ₹15 lakhs

For self-employed:

  • The applicant’s age must be between 24-65 years
  • Minimum net annual income should be ₹2 lakhs
  • The maximum loan amount limit is ₹15 lakhs
  • Work experience of at least 3 years is required

Apply for personal loan SBI

SBI Xpress Credit loan: This scheme is an ideal loan for the people who want instant money. If you are salaried or a self-employed professional, you can get this loan at 11.90% per annum for the maximum loan amount of ₹15 lakhs.

Personal loan eligibility

  • The applicant must be an employee of central and state government employee, Quasi-Government, Central PSUs, Profit making State PSUs, Educational Institutions of National Repute and selected corporates
  • The minimum monthly income of the applicant should be ₹7,500/-
  • The EMI/NMI ratio should not exceed 50

SBI Pension Loan: This scheme is dedicated to the Pensioners and Family Pensioners (including Defence Personnel) and the interest rate offered under this scheme is 12.45% p.a. (floating) and up to the loan amount of ₹14 lakhs.

Personal loan eligibility

  • The maximum age of the applicant should be 76 years
  • The person must be drawing a pension from the central or state governments and have his/her pension account with SBI
  • If the family pensioner is the spouse of a pensioner who is authorized to receive the pension then they too must not be over 76 years of age.

Kunal Jaiswal is a digital marketing Executive and has written many topics in the related field.

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