Personal loans are unsecured loans that don’t need any collateral and are great in helping one meet his/her urgent requirement. Personal loans are provided by both Banks and non-banking financial corporations (NBFCs). Compare different personal loan options below and choose the one convenient to your needs.

Finance Buddha is India’s #1 DSA. Loans are processed completely online and are disbursed in less than 2 hours. They also provide Free Loan Advice, Doorstep Application Assistance & 24/7 Support.

Interest Rate 10.50% – 24.00%
Min Loan Amount ₹50,000
Max Loan Amount ₹5,00,000
Min Loan Amount 12 months
Max Loan Amount 60 months
Processing Fees 1.50% – 2.00% + Service Tax

HDFC Bank Personal Loan

HDFC Bank Personal loans are disbursed in less than 10 sec.

Interest Rate 10.50% – 21.00%
Min Loan Amount ₹50,000
Max Loan Amount ₹4,00,000
Min Loan Tenure 12 months
Max Loan Tenure 60 months
Processing Fees Up to 2.50% and a maximum of ₹25,000 for salaried customers

SBI Personal Loan

SBI Banks provides multiple types of Personal Loans with different interest rates.

3.1 SBI Kavach Personal Loans – Loans for Covid treatment to you and your family.

Interest Rate 8.50%
Min Loan Amount ₹25,000
Max Loan Amount ₹5,00,000
Min Loan Tenure Nil
Max Loan Tenure 60 months
Processing Fees Zero Processing Fees

3.2 SBI Pre Approved Personal Loans – These loans are provided to the existing SBI customer through their SBI YONO app in just 4 clicks.

Interest Rate 9.60%
Loan Amount At the discretion of the Bank
Loan Tenure Nil
Processing Fees Low Processing Fees

3.3 SBI Quick Personal Loan – Quick Personal Loans to salaried employees not maintaining salary account in SBI.

Interest Rate Low-Interest Rates
Min Loan Amount ₹24,000
Max Loan Amount ₹20,00,000
Min Loan Tenure 6 months
Max Loan Tenure 72 months
Processing Fees 1.50% on the loan amount

Axis Bank Personal Loan

Axis bank allows you to transfer your highest interest rate personal loan to Axis Banks affordable Personal loan interest rates.

Interest Rate 10.49% – 21.00%
Min Loan Amount ₹50,000
Max Loan Amount ₹15,00,000
Min Loan Tenure 12 months
Max Loan Tenure 60 months
Processing Fees At the discretion of the bank

Kotak Mahindra Bank

Kotak Mahindra Digi Personal Loan is completely processed online with the quick loan approval.

Interest Rate 10.75%
Min Loan Amount ₹50,000
Max Loan Amount ₹30,00,000
Min Loan Tenure 12 months
Max Loan Tenure 60 months
Processing Fees Up to 2.50% + GST

These are some of the best companies in India that are providing Personal Loans at affordable interest rates. The Above mentioned Personal loans don’t require any collateral and can be availed collateral-free.

Summary

Top 5 Personal Loan Lending Companies in India 2021

Article Name

Top 5 Personal Loan Lending Companies in India 2021

Description

Read onto this blog to know the Top 5 Personal Loan Lending Companies in India. Personal loans are unsecured and collateral-free.

Author

Karthik Raju

Publisher Name

Finance Buddha

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