9 Best Personal Loan Offers in India in 2019
Finance

9 Best Personal Loan Offers in India in 2019

Managing finances month on month can be an arduous task. No matter how much one plans, all it takes is one financial emergency to turn the whole budget topsy-turvy. That is when personal loans become extremely beneficial. These loans are easy-to-get, unsecured and do not have restrictions on the usage of the loan amount. For anyone looking at applying for a personal loan, it is best to compare various deals to find the one that is most suitable.

Here are 9 best personal loan offers to consider in the year 2019:

#1. SBI Personal Loan

  • State Bank of India offers various options like SBI Xpress Credit Personal Loan, SBI Xpress Power, SBI Saral Personal Loan, SBI Festive Season Loan, SBI Pension Loan, SBI Personal Loan.
  • These loans are available to both salaried as well as non-salaried individuals.
  • The rate of interest ranges from 11.05% to 15.05% p.a. depending upon the scheme chosen.
  • It is possible to get up to 24 times the net monthly income as the loan amount for unsecured personal loans.
  • The loan repayment tenure is up to 60 months and depends upon the employment status of the individual.

#2.HDFC Personal Loans

  • HDFC Bank Personal Loans are extremely easy to apply for. An online form submission is all that is required.
  • The in-principal approval time for these personal loans is just 10 minutes.
  • You can avail up to 40 Lakhs as the loan amount.
  • The rate of interest is highly competitive and starts at as low as 10.99%.
  • The minimum repayment tenure for these loans is 12 months and the maximum repayment tenure is 60 months.
  • These loan schemes are available to both salaried individuals and self-employed individuals.

#3. Kotak Mahindra Personal Loan

  • Kotak Mahindra Personal Loans are available to active employees of MNCs, and Public or Private Limited Companies.
  • Personal loans are extended to individuals with a net income of Rs.20000.
  • The processing of the loan is fast and the documentation is minimal, making it extremely easy to avail loan.
  • One can get between Rs.50000 and Rs.15 Lakhs as loan amount.
  • The repayment tenure ranges from 1 to 5 years.
  • The interest rates are attractive and range between 10.99 to 24% per annum.
  • It is possible to calculate the EMI accurately on the website to help customers plan finances better.

#4.ICICI Bank Personal Loan

  • ICICI Bank Personal Loans offer several options like wedding loan, holiday loan, home renovation loan, top up loan and fresher funding loan.
  • Customers can check eligibility with the personal loan eligibility calculator by entering a few simple details.
  • Get attractive interest rates between 11.25% and 17.99% p.a.
  • Hassle free application process with minimal documentation allows easy loan disbursement.
  • Get an approval on the loan in just 3 seconds based on online verification and final offer acceptance.
  • Flexipay option available with a loan tenure between 12 to 60 months.
  • Customers can get up to 20 lakhs for various personal requirements.

#5.Axis Bank Personal Loan

  • Get great benefits on Axis Bank Personal Loans such as minimal processing fees and zero prepayment and foreclosure charges.
  • Instant approval based on the eligibility criteria makes loan disbursement extremely hassle free.
  • Personal loan between Rs.50000 to Rs.15 lakhs available for various personal financial requirements.
  • Easy repayment options are available with these loans along with feasible repayment tenure between 12 and 60 months.
  • Personal Loan interest rates range from 16 to 24% p.a.
  • Personal loan can be availed for several requirements such as weddings, travel, children’s education and any medical emergencies.

#6.CitiBank

 Apply and Get Instant Personal Loan Approval

  • CitiBank Personal Loans cater specially for salaried individuals and offer lower rates of interest in comparison to self-employed individuals.
  • Loan disbursement time is as low as 48 hours making cash easily available for any financial emergency.
  • No income proof or address proof is required for loan approval.
  • Easy online application process which requires customers to fill in personal details such as the name, occupation, net monthly income and PAN Number.
  • Customers can avail up to 30 Lakhs as personal loan for various requirements.
  • Citibank offers the most competitive interest rates that start as low as 10.99%.

#7.IndusInd Personal Loans

  • Easy documentation, fast processing and speedy disbursal makes IndusInd one of the best personal loan offers in India.
  • Customers currently paying high rates of interest on personal loans can opt for the Balance Transfer option.
  • The repayment tenure is convenient and ranges from 1 to 5 years.
  • Personal loans are available for education, medical expenses, home renovation, weddings and for balance transfer.
  • The personal loan interest rates with IndusInd Bank range from 10.99% to 30.50% p.a depending upon the eligibility of the customer.
  • The loan can be availed for Rs.50000 to Rs.15 lakhs based on the income, the nature of employment and other eligibility criteria.

#8. Tata Capital Personal Loan

  • Tata Capital Offers personal loans for Rs.75000 to Rs.20 Lakhs.
  • Customers can enjoy flexible and convenient repayment tenures between 12 months and 72 months on these loans.
  • The rate of interest offered by Tata Capital Personal Loan starts at 11.25% p.a, making it one of the most competitive options available.
  • Customers do not have to provide any collateral or security in order to avail these loans.
  • There are no charges on prepayment of loans after 6 months of availing the loan.

#9.Yes Bank Personal Loan

  • With YES BANK, customers can avail between 1 lakh to Rs 5 lakhs for various personal uses such as medical emergencies, home renovation, weddings and a lot more.
  • The repayment tenure is convenient and easy and ranges between 12 to 60 months.
  • YES Bank offers the most competitive rates of interest in the market today, starting at as low as 10.75% p.a.
  • Doorstep bank services are available to make it easy for customers to apply for the loan and complete documentation processes successfully.
  • Net banking and Mobile Banking facilities allow easy repayment of the EMI towards the loan each month.

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