Apply For Personal Loan
Apply now and get instant approval for Personal Loan
A Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal loan assists you in fulfilling your requirements, whether it is upgrading your home, planning your dream wedding, a trip to your favourite destination or even a medical emergency. We have a team of highly qualified and experienced finance advisors who will assist you at every stage of the loan approval process. We strive to deliver the best services to our clients and wish to assist as many people as possible in obtaining quick loan approval at the comfort of their homes. You do not need to give Collateral.
Features of Personal Loan:
| Loan Amount | You Can Avail Business Loan up to 1 Cr Loan Amount as per your income eligibility. |
| Interest Rate | Fixed Interest Rate. Starts at 10.25% onwards. |
| Tenure | 1 year to 7 years depends on profile. |
| Processing Fee | Up to 1% or detail on Financial profile. |
| Processing time | Only 2 working days Required for Sanction after process your application. |
| Flexible Prepayment | Flexible Prepayment option available in Personal Loan which makes it attractive. |
| Part payment | Part payment available. It depends on your Financial profile and Bank Agreement. |
| Collateral | Not Required For Personal Loan. |
Eligibility Criteria For Personal Loan:
| Eligibility Criteria | Eligibility Criteria Details |
| Age | Minimum Age 21 years and Maximum 60 years at the time of Loan Maturity. |
| Minimum Income | 20000 Per Month. |
| CIBIL Score | Minimum CIBIL score of 700 with no any default in Past. |
| Employment Stability | Minimum 1 years Old. |
| Resident | INDIAN & NRI |
| Who Can Avail Personal Loan | Salaried Person and Self Employed Professional |
Documents Required for Personal Loan:
| Required Documents For Salaried | Required Documents Details |
| Photo | Passport size photo |
| Id proof | Pan Card / Aadhar Card / Passport / Voter Id Card / Driving Licence |
| Address proof | Aadhar Card / Passport / Voter Id Card / Driving Licence / Mobile Bill / Telephone Bill / Electricity Bill / Water bill (Any one document required for address proof ) |
| Income documents | Latest 3 months Salary slip & Form-16 |
| Bank statement | Latest 3 months bank statement |
| Extra documents | Existing loan schedule (For BT only) ownership proof (if owned house) |
Feel free to use our Finance Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
| Period | Payment | Interest | Balance |
|---|
Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
Leading Banks Personal Loan Interest Rates Details
| Bank Name | Interest Rates | Processing Fees | Fore Closure Charges |
| HDFC BANK | 10.35%-16.99% | 3548-1.50% | NIL Above 10 Lac Amount |
| ICICI BANK | 10.50%-18.00% | 7999 -2.00% | NIL Above 10 Lac Amount |
| AXIS BANK | 10.25%-20.00% | 0.99%-2.00% | NIL Above 10 Lac Amount |
| SHINHAN BANK | 10.80%-14.00% | 0.5%-1.50% | NIL |
| YES BANK | 10.70%-18.00% | 1.00%-2.50% | Upto 4% |
| IDFC FIRST BANK | 10.99%-20.00% | 1.00%-2.50% | Upto 5% |
| STATNDARD CHARTERED | 11.00%-15.00% | 1.00%-2.00% | Upto 5% |
| TATA CAPITAL | 10.49%-17.99% | 1.25%-2.50% | Upto 4% |
| INDUSIND BANK | 10.49%-16.50% | 1.00%-1.00% | Upto 4% |
| BAJAJ FINSERV | 11.99%-17.99% | 1.50%-2.00% | Upto 4% |
| KOTAK MAHINDRA | 10.99%-17.99% | 1.25%-2.00% | NIL Above 10 Lac Amount |
| Mentioned Interest Rates, PF and Charges Are Subject to Change and It’s Sole Discretion of RBI, Bank and NBFC. | |||