Personal loans are unsecured loans that don’t need any collateral and are great in helping one meet his/her urgent requirement. Personal loans are provided by both Banks and non-banking financial corporations (NBFCs). Compare different personal loan options below and choose the one convenient to your needs.

Finance Buddha

Finance Buddha is India’s #1 DSA. Loans are processed completely online and are disbursed in less than 2 hours. They also provide Free Loan Advice, Doorstep Application Assistance & 24/7 Support.

Interest Rate10.50% – 24.00%
Min Loan Amount₹50,000
Max Loan Amount₹5,00,000
Min Loan Amount12 months
Max Loan Amount60 months
Processing Fees1.50% – 2.00% + Service Tax

HDFC Bank Personal Loan

HDFC Bank Personal loans are disbursed in less than 10 sec.

Interest Rate10.50% – 21.00%
Min Loan Amount₹50,000
Max Loan Amount₹4,00,000
Min Loan Tenure12 months
Max Loan Tenure60 months
Processing FeesUp to 2.50% and a maximum of ₹25,000 for salaried customers

SBI Personal Loan

SBI Banks provides multiple types of Personal Loans with different interest rates.

3.1 SBI Kavach Personal Loans – Loans for Covid treatment to you and your family.

Interest Rate8.50%
Min Loan Amount₹25,000
Max Loan Amount₹5,00,000
Min Loan TenureNil
Max Loan Tenure60 months
Processing FeesZero Processing Fees

3.2 SBI Pre Approved Personal Loans – These loans are provided to the existing SBI customer through their SBI YONO app in just 4 clicks.

Interest Rate9.60%
Loan AmountAt the discretion of the Bank
Loan TenureNil
Processing FeesLow Processing Fees

3.3 SBI Quick Personal Loan – Quick Personal Loans to salaried employees not maintaining salary account in SBI.

Interest RateLow-Interest Rates
Min Loan Amount₹24,000
Max Loan Amount₹20,00,000
Min Loan Tenure6 months
Max Loan Tenure72 months
Processing Fees1.50% on the loan amount

Axis Bank Personal Loan

Axis bank allows you to transfer your highest interest rate personal loan to Axis Banks affordable Personal loan interest rates.

Interest Rate10.49% – 21.00%
Min Loan Amount₹50,000
Max Loan Amount₹15,00,000
Min Loan Tenure12 months
Max Loan Tenure60 months
Processing FeesAt the discretion of the bank

Kotak Mahindra Bank

Kotak Mahindra Digi Personal Loan is completely processed online with the quick loan approval.

Interest Rate10.75%
Min Loan Amount₹50,000
Max Loan Amount₹30,00,000
Min Loan Tenure12 months
Max Loan Tenure60 months
Processing FeesUp to 2.50% + GST

These are some of the best companies in India that are providing Personal Loans at affordable interest rates. The Above mentioned Personal loans don’t require any collateral and can be availed collateral-free.

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Top 5 Personal Loan Lending Companies in India 2021
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Top 5 Personal Loan Lending Companies in India 2021
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Read onto this blog to know the Top 5 Personal Loan Lending Companies in India. Personal loans are unsecured and collateral-free.
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Finance Buddha
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