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Top 10 Personal Loan Finance Companies in India

 A personal mortgage is an unsecured loan that helps one in meeting his or her non-public needs easily. each bank and non-banking financial agencies (NBFCs) offer non-public loans at excellent interest rates. evaluate special personal loan options provided by using various creditors after which take your choice. The loan quantity offered by using banks in India ranges between 10.5% and 21% and tenure is offered between 1 year and 5 years.

List of Top 10 Personal Loan Lending Companies in India

1. HDFC Bank Personal Loan

HDFC Bank is a leading bank that offers numerous banking products at affordable prices. The personal loan product provided by the bank is affordable and attractive.

Details of HDFC Bank Personal Loan

Interest rate

10.50% p.a. to 21.00% p.a.

Minimum age

21 years

Maximum age

60 years

Minimum income

Rs.15,000 net monthly income.

(Rs.20,000 for residents of Hyderabad, Chennai, Pune, Ahmedabad, Mumbai, Cochin, Delhi, Kolkata, Bengaluru)

Processing fee

Up to 2.5% of the loan amount (minimum of Rs.1,999 and maximum of Rs.25,000)

Loan amount

Up to Rs.15 lakh

Loan tenure

12 to 60 months

Loan disbursal time

2 days

The bank has exclusive loan offers for applicants who are women employees. You can also check your personal loan eligibility in 1 minute on the official website of the bank.

2. SBI Personal Loan

The bank offers multiple personal loan products at different interest rates.

A. SBI Xpress Credit Personal Loan

Interest rate

10.60% onwards

Minimum age

21 years

Maximum age

60 years

Minimum income

Rs.15,000

Loan amount

Rs.25,000 to Rs.20 lakh

Loan tenure

Up to 60 months

B. SBI Personal Loan for Pensioners

Interest rate

9.75% p.a. - 10.25% p.a.

Minimum age

21 Years

Maximum age

76 years

Minimum income

-

Loan amount

Rs.25,000 to Rs.14 lakh

Loan tenure

Up to 84 months

3. PNB Personal Loan

Interest rate

8.7% p.a. to 14.25% p.a.

Minimum age

21 years

Maximum age

60 years

Minimum income

As per the conditions set by the bank

Loan amount

Rs.50,000 to Rs.10 lakh or 20 times the monthly net income

Loan tenure

15 times the gross monthly salary up to a maximum of Rs.10 lakh

4. Axis Bank Personal Loan

Interest rate

12% p.a. to 21% p.a.

Minimum age

21 years

Maximum age

60 years

Minimum income

Rs.15,000

Loan amount

Up to Rs.50,000 to Rs.15 lakh

Loan tenure

12 to 60 months

5. Canara Bank Personal Loan

Canara Bank personal loan products and loan detail include:

A. Canara Bank Teachers’ Personal Loan

Interest rate

12.40% p.a.

Minimum age

21 years

Maximum age

60 years

Minimum income

Rs.10,000

Loan amount

Rs.3 lakh or gross salary for 10 months, whichever is lesser

Loan tenure

Up to 48 months

B. Canara Bank Budget Personal Loan

Interest rate

11.30% p.a. to 12.30% p.a.

Minimum age

At the discretion of the bank

Maximum age

At the discretion of the bank

Minimum income

Contact the bank for more information

Loan amount

Rs.3 lakh or gross salary for 6 months, whichever is lesser

Loan tenure

Up to 60 months

6. Mahindra Finance Personal Loan

Mahindra Finance is a prominent NBFC that extends various forms of financing.

Interest rate

Up to 26% p.a.

Minimum age

21 years

Maximum age

58 years

Minimum income

Information not provided

Loan amount

Up to Rs.3 lakh

Loan tenure

Up to 3 years

7. IDBI Bank Personal Loan

Interest rate

8.15% - 10.90% p.a.

Minimum age

21 years

Maximum age

60 years

Minimum income

Rs.15,000

Loan amount

Rs.25,000 to Rs.5 lakh

Loan tenure

12 to 60 months

8. Indian Overseas Bank Personal Loan

Interest rate

10.80% p.a.

Minimum age

21 years

Maximum age

60 years

Minimum income

Above Rs.5,000

Loan amount

Up to Rs.5 lakh

Loan tenure

Up to 60 months


Those are some of the outstanding personal loan finance agencies that offer appealing personal loan alternatives at affordable interest rates. You do not need to submit any collateral or security for procuring those personal loans.

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