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
Idbi Bank Personal Loan
Features: The bank offers personal loans to those who are salaried or self-employed to meet personal needs. The bank offers an insurance cover too. In case of loss of job, the insurance company will pay the EMIs for up to 3 months. The option of balance transfer is also available.
Processing Fees: 2.25% of loan amount
Prepayment Charges: 3%-6% of outstanding amount
Max Tenure: 3
Min-Max Age: 23-58
| Plan | Interest Rate Min | Interest Rate Max | EMI | Processing Fee |
|---|
IDBI Bank
15.0
15.0
3467
2.25% of loan amount
| IDBI Bank | 15.0 | 15.0 | 3467 | 2.25% of loan amount |