Know Your Bank offering Personal Loan

Personal loan is the fastest and easily av ailable loan, but also one of the costliest. This is because banks provide you personal loan based purely on your income and repay ment capability and not against the security of some asset like a home or car. But some features of personal loan too vary from ba nk to bank.

Take a quick look at the personal loan offerings by various banks by clicking on the bank names. We will keep a dding more banks to this list.
List of Banks offering Personal Loan
4 banks found

SBI
Get Personal Loan Offers
A maximum of 5 providers will compete to give you the best rates (May 2012)

 

 

 

 

 

 

 

 

 

 

 

 

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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