Find Out Top 10 Popular Personal Loan Providers in India
Popular personal loan providers in India offering personal loans are the perfect monetary source that takes care of your cash flow urgency. Personal loans have proved to be a blessing for a common man today. It helps you sail smoothly through your tough financial times. From a vacation in Dubai to renovation of your dream house, or a wedding a personal loan will make sure that you get through the cash crunches.
With Personal Loans You Can
- Popular persona loan providers in India generally do not ask for any collaterals or guarantors
- While approving these loans and hence these loans require minimum documentation.
- Personal loans are offered at great and competitive interest rates which do not weigh you down too much.
- These loans have a comfortable pay-back period with several small EMIs making it easier on your pocket.
- Availing personal finance from one of the popular personal loan providers in India for your various needs means that you do not need to spend via your credit card.
Here are a few significant features that will prove that taking a personal loan from popular personal loan providers in India is a great idea.
Top 10 Popular Personal Loan Providers In India Rated as “Great!” By The Consumers
It is important to identify the need for your personal. Choose the type of the personal loan from the host of top 10 personal loan providers in India. There is an array of companies offering personal loan finance to varied segments of the society.
Before you shortlist your personal loan provider you need to check:
- Your credit report before applying for loan
- Plan your loan budget and stick to it
- Borrow only the amount you need, do not borrow in excess.
- Know your annual percentage rate i.e. How much the loan would cost in interest per year
- Look for payment delivery charges as some loan providers charge you for early payment.
- Furthermore; be careful about the risks involved with the personal loans .i.e be sure that you will be able to repay.
1. HDFC Bank Personal Loan
You can choose to walk in to your nearest HDFC Bank branch and apply for a personal loan or it gives you the privilege to apply online as well. Ensure that your documents are in line so not to delay the disbursement of your personal loan. Once having applied, you can check the status of your application online.
Stressing the important of loan servicing, the HDFC provides multiple channels should you wish to get in touch regarding any query about your loan, namely SMS, Webchat, Click2Talk and PhoneBanking.
2. ICICI Bank Personal Loan
ICICI is one of those popular personal loan provider in India that because of the minimal documentation and competitive interest rates the bank provides personal loans with flexible tenures of up to 60 months, with a fixed rate of interest charged on a monthly reducing basis.
Repaying your personal loan is quiet simple, with less of fuss and procedure. For existing customers, there are attractive offers – benefits from reduced documentation as well as pre-eligibility based on your relationship with the Bank via a debit or credit card, or a loan account.
To further sugar coat the deal, if all your documentation is in place and you are indeed eligible for a loan, the bank disburses the loan as quickly as within 72 hours of document submission.
3. Loan Tap Personal Loans
LoanTap is a fintech company which believes in providing customized financial solutions to patrons suiting their financial needs. The company has achieved its breakthrough in providing hassle free personal loans to the customers through smooth interface, ensuring that they get the financial aid at the right time.
Loantap offers very flexible and innovative personal loans to salaried professionals. Personal loan is offered to settle your various expenses such as credit card bills, rental deposits, hospital bills, wedding expenses, holidays etc. It’s great if you have some immediate cash emergency and have no funds lying around to make use of. Instead of going to other loan lenders; getting t an online EMI loan from LoanTap is way easy and hassle free.
4. Axis Bank Personal Loans
Axis bank tops the list when it comes to popular personal loan providers in India offering great features and benefits on personal loans. Be it your child’s education or a family wedding, you need not worry about the extra cash that you might require for urgent needs. Axis Bank Personal Loan interest rates are also quite competitive and attractive. A few highlights of Axis bank personal loans are low processing charges, competitive rates of interests, simple paperwork, transparent process and loans ranges on wide range of amounts.
5. Fullerton India Personal Loans
For those who are already Fullerton customers, can avail these additional benefits. The benefits such as reduced processing time as well as the interest rate on their personal loan applications. Moreover, Fullerton also offers the option of requesting for a pre-approved top-up on your existing (loan) principal outstanding amount. For ease of application, the institution also gives a borrower the flexibility to apply online.
6. Standard Chartered Bank Personal Loans
With competitive rates and other conditions, SCB is one of the popular personal loan providers in India. Competitive rate of interests, amazing customer services, less documentation, transparent process and quick loan processing makes this bank one of the most favored banks when it comes to persona loans. The bank offers loan from rates as low as 12.99% onwards and the soaring reason behind becoming one of the most popular persona loan providers in India. Now a day you can also check your eligibility online, by accessing the eligibility calculator.
7. Citibank Personal Loans
Do you hold a salary account with Citibank? If yes, Citibank offers an exclusive personal loan that includes very minimal documentation and a reduced processing time. In addition, the interest rates are competitive and the bank allows pre-payment of the loan as well, i.e. should you wish to close the loan earlier than the tenure specified, you may do so.
8. IDBI Personal Loans
To meet unexpected financial crunch rather than doing away with expensive Credit Card funds getting personal loans is better option. At IDBI Bank you can avail Personal Loan for household buys, kids education, or any immediate payments. The primary reason behind its soaring popularity of topping the list in popular personal loan providers in India is because the bank target audience is are salaried individuals and its hassle free process.
9. TATA Capital Personal Loans
Tata Capital gives personal loan to borrowers who need funds to meet their urgent requirements. The financial company offers personal loan with several benefits. Some of them are less paperwork, multiple repayment options, and not to forget it offers various discounts and schemes for the employees working for established companies. Tata Capital also offers loan to defense, armed forces and government employees. Personal loan interest rate for government employee and defense personnel varies from private salaried employees.
10. HSBC Personal Loans
Customers can avail HSBC personal loans in most major cities in India. Nominal documentation and speedy processing make personal loans from HSBC attractive. The bank has always been a pioneer of positive changes in the banking industry. HSBC has been an integral part of the growth of the Indian Banking industry. From buying an electronic gadget to renovation of house to a family vacation, HSBC makes sure none of your needs or wants go unfulfilled due to lack of cash.
Connect with Service Provider
Get connected within 24 hours to pre-screened, trustworthy and small business friendly service providers for Services in top Indian cities