To get best offers from a network of over 300 service providers, simply fill up the adjoining application form. Our automated engine will match your requirements with a comprehensive set of offers in the market and connect you to a maximum of 5 providers who can service your need. WHEN BANKS COMPETE YOU WIN. You will yourself be able to decide which bank gives the best personal loan based on any of the following parameters:
- Lowest Interest Rate
- Lowest EMI
- Maximum Loan Amount Offered
- Lowest Processing Fees
- Eligibility based on your credit report (from credit bureaus such as CIBIL)
- Other Parameters
4 step process to get the best personal Loan
1) Make sure your credit history is clear by getting a copy of your own credit report from CIBIL. You can get the report online by logging into www.cibil.com . If your credit history shows any errors get them corrected first before you apply for a personal loan as lenders are likely to reject the loan application if the credit report shows any defaults in the past.
2) Make lenders compete, compete and compete. That is the best way you will get the lowest EMI as well as processing fees.
3) If loan eligibility is not an issue find out if a lower interest rate or lower processing fee is available if you reduce the loan amount
4) Other things remaining the same you can choose the loan that has a lower pre-payment charge
Hdfc Bank Personal Loan
Features: The bank offers personal loans for meeting expenditure in instances such as vacation, admissions and weddings. One can get a maximum loan of Rs 15 lakh with flexible repayment options. The maximum loan tenure is 60 months, with no guarantor/security/collateral required. It offers a personal accident cover of Rs.2 lakh at a nominal premium.
Processing Fees: 2.5% of loan amount subject to minimum Rs. 1000/-
Prepayment Charges: 4% of outstanding amount
Max Tenure: 3
Min-Max Age: 21-60
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
HDFC Bank
15.75
22.25
3503 - 3832
2.5% of loan amount subject to minimum Rs. 1000/-
| HDFC Bank | 15.75 | 22.25 | 3503 - 3832 | 2.5% of loan amount subject to minimum Rs. 1000/- |