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Personal Loan

Rates of Personal Loan defer from Bank to Bank. Eventually it also depends on the Customer Profile i.e The Company in which he /she is working, Educational Qualification, Previous Loan Track record, if any, etc.But generally the interest rate starts from 14% monthly reducing and can go up to 27% monthly reducing.

Banks	Group A Co.	Group B Co.	Group C Co.	Salaried/Un-Listed Co.	Self-Employed/ Professionals	Self-Employed/ Non-Professionals
Axis Bank	15	18	22	23	15-18	23
Bank of Baroda	15.5	15.5	15.5	NA	15.5	15.5
Bank of Maharashtra	14-14.5	14-15.5	16-19	NA	14-19.5	NA
Citi Bank	15-16.5	16.5-18	20-22	22-31	14.5-19	19-24
Dena Bank	14.5	14.5	14.5	NA	14.5	NA
Federal Bank	14.75-15.75	14.75-15.75	14.75-15.75	NA	14.75-15.75	NA
HDFC Bank	13.5-16.5	18.5	20	22	15	22
ICICI Bank	14.5-16	16-18	20-22	20-24	14-19	19-24
IDBI Bank	16.4-18.4	17.4-19.4	20.4	NA	16.4-19.4	19.4-22.4
Indian Bank	13.5-14	13.5-15	15.5-18	NA	16-22	NA
Oriental Bank of Commerce	14.25	14.25	14.25	NA	14.25	NA
SBI Bank	13	13.5	15	NA	15.5	NA
State Bank of Mysore	15.25-15.75	15.25-15.75	15.25-15.75	NA	15.25- 15.75	NA
UCO Bank	14.5	14.5	14.5	NA	14.5	NA
Union Bank of India	15	15	15	NA	15	15
Vijaya Bank	14	14	14	NA	14	NA

*Note-Personal Loan rates may change with market scenareo.Kindly contact us for latest updates,if any.

Quick Apply

Who Can Apply

A Personal Loan is a loan which you can use for any of your personal purpose i.e to buy a property, to buy a personal computer, to buy jwellery, to spend on your travel & leisure or just anything.....

A person who is above 21 years of age, with 2 years of experience in Service or Business and with minimum Net Salary of Rs.9,300/- per month is eligible to apply for a Personal Loan.

Salaried Individuals

Salaried Doctors, CAs, Employees of listed Public and Private Limited Companies, Government Sector Employees including Public Sector Undertakings, Central, State and Local Bodies.

Eligibility Criteria

• Minimum age of Applicant: 21 years
• Maximum age of Applicant: 60 years (on maturity of loan)
• Minimum employment: Overall 2 years in employment or minimum 1 year in the current organization. *Note* - Professional Degree holders (MBAs,Engineers,Doctors,Chartered Accountants,etc)working with listed 'A' category company can apply with one month experience too.
• Minimum Net Monthly Income: Rs. 9,300 p.m

Documents required:

• Proof of Identity : Passport / Voters ID card/ Driving Licence/Pan Card/Company ID
• Proof of Residence : Ration card /Gas Card/ Tel Bill/ MSEB Bill/ Rent agreement / Passport/ Trade licence / Est./ Sales Tax certificate/ LIC Receipt/ Bank Passbook or Statement
• Bank Statements: updated 6 months bank statement / 6 months bank passbook
• Latest 2 Salary Slips or Current dated Salary Certificate
• Degree Certificate(if applicable)