Personal loans help a great deal in fulfilling the financial requirements required for personal or urgent needs. They are basically unsecured loans that can be availed without collateral. Since it comes in use for personal needs, Personal Loans are the most popular choice among borrowers. And today, there are many financial institutions that provide Personal Loans. Here are the top 5 top Personal Loan providers in India. Take a look:
State Bank of India is one of the top most loan providers in India. Customers can avail Personal Loans of up to Rs. 15 Lakhs. The approval process is instant and there is no processing fee as such. The interest rates range from 12% p.a. to 17% p.a. The personal loan document requirements are minimal and you can repay the loan in the repayment tenure ranging up to 60 months. The types of loans available are SBI Pension Loan, SBI Xpress Credit, Pre-approved Personal Loans and much more. The disbursal time is usually 3 working days. You can apply for the loan through the website or app as well.
HDFC (Housing Development Finance Corporation) Bank offers loan of up to Rs. 40 Lakhs. The application process is online and can get the approval on the loan instantly. The interest rate can go up to 22% p.a. The application process does not demand tedious paperwork and the repayment tenure extends up to 60 months. The best part is the swift disbursal time of 10 seconds. Also, the minimum EMI per lakh Rs.1829/lakh, which is quite affordable. It is subject to terms and conditions. You can also check the eligibility using the eligibility calculator present on the HDFC website. You can apply for the loan through website or app.
Axis Bank is also one of the most renowned loan providers in India. It offers loans of up to Rs. 15 Lakhs with interest rates between 15% p.a. to 24% p.a. The repayment tenure ranges up to 60 months. The online process is smooth and the documentation is quite minimal. Also, with swift approval and quick disbursals, availing the loan becomes very easy. Moreover, there are no foreclosure charges involved, when you want to close the loan early. The Personal Loan comes handy for various purposes like wedding, travel, home renovation etc. Personal Loan from Axis Bank can be applied through their official website or app.
Bajaj Finance Personal Loan is the one of the best financial solutions that you can get online today. With loan amounts of up to Rs. 25 Lakhs, you can get approval on the loan in just 3 minutes. What’s more! There is no heavy paperwork involved and no collateral to be submitted. You can apply for a Bajaj Finserv personal Loan on online platform, Finserv MARKETS. On the platform, the application is totally online and smooth. Also, there are no hidden charges during the application process and 100% transparency is ensured. The amount approved for you will be credited to bank account in just 24 hours. You can apply for the Personal Loan through the Finserv MARKETS App.
Fullerton India is a non-banking financial company that offers personal loans at very attractive interest rates. The loan amount offered by Fullerton is of up to Rs. 25 Lakhs. There is no collateral requirement i.e one does not need to provide any security against the loan. Also, the documentation required is very minimal. Basis the CIBIL Score, your repayment history, you can get special deals and attractive offers on Personal Loans.
So these were some of the best loan providers in India. Always, check for the lenders online, compare the interest rates and then make a decision.Now apply for personal loan in just one click with Finserv MARKETS Personal Loan App.