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Apply for Personal Loan (Salaried Professional & Self Employee)

Loan Amount must be between ₹10000.00 - ₹3000000.00

  • The interest rates of personal loans offered by various banks and NBFCs are as follows:

    BankInterest RatesProcessing Fees
    Allahabad Bank10.50% to 12.99%1.60% of the Loan Amount
    Andhra Bank11.55% to 13.05%As offered by the lender 
    Axis Bank15.75% to 24%1.50% to 2.00 % + GST
    Bajaj FinservStarting from 12.99%Up to 3.99% of the loan amount
    Bank of Baroda11.35% to 16.35%2% of the loan amount
    Bank of IndiaStarting from 13.10%One time @ 2.00% of loan amount
    Bank of MaharashtraStarting from 15%1.00% of the Loan Amount
    Canara Bank13.00% to 16.50%0.5% of the Loan Amount
    Central BankMCLR (12M) + 3.00%Rs 500 + S.T
    CitibankStarting from 10.99%Upto 2.75% of loan amount
    Corporation Bank12.95% to 13.95%1.50% of the loan amount
    Federal BankStarting from 11.49%0.50% of loan amount
    Fullerton IndiaStarting from 12%Upto 6.5% of the loan amount
    HDFC Bank11.25% to 21.50%Up to 2.50% of the loan amount
    HSBC Bank10.75% to 17.84%Up to 1% of the disbursed loan amount
    ICICI Bank11.50% to 19.25%Up to 2.25% per annum of loan amount
    IDBI BankStarting from 12%1% of the Loan Amount
    IDFC FirstStarting from 11.5%Up to 2% of the loan amount
    Indian BankStarting from 14.20%0.51% on the Loan Amount
    IndusInd BankStarting from 10.75%Upto 2.5% of the loan amount plus tax
    Kotak Mahindra Bank11.29% to 19.99%Up to 2.5% of the loan amount + GST
    Muthoot Finance14.50%As applicable by the lender
    Punjab National BankStarts from 12%1.80% of the loan amount
    RBL BankStarting from 12% 4% of the loan amount
    Standard Chartered BankStarting from 11.99%Upto 3% of the loan amount
    State Bank of IndiaStarting from 11%1% of the loan amount
    Syndicate Bank13.25% to 13.65%0.50% of the loan amount
    TATA CapitalStarting from 11.25%Up to 2.5% of the loan amount + GST
    UCO BankStarting from 11.70%1% of the loan amount
    Union Bank of IndiaStarting from 14.40%0.50% of the total Loan
    Yes BankStarting from 10.75% Up to 2.50% of the loan amount

    Interest rates by various banks and NBFCs are offered depending on the applicant’s profile and are influenced by many factors including an individual’s age, credit score, repayment history, employer, etc.

Documents for Salaried Individuals

  • Proof of identity (a copy of Passport/Voter ID Card/Driving License/Aadhaar)
  • Proof of residence (a copy of Passport/ Voter ID Card/ Driving License/ Aadhaar/Leave and License Agreement/ Utility Bill of not more than 3 months)
  • A copy of latest salary slip/current dated salary certificate with the latest Form 16
  • Bank statement of previous 3 months
  • 2 passport size photographs

Documents for Self-Employed Individuals

  • Proof of identity (a copy of Passport/Voter ID Card/Driving License/Aadhaar
  • Proof of residence (a copy of Passport/Voter ID Card/Driving License/Aadhaar/Leave and License Agreement/Utility Bill of not more than 3 months)
  • Proof of income (audited financials for the last 2 years)
  • Proof of office address
  • Proof of office ownership
  • Proof of continuity of business
  • Latest 6 months bank statement
  • Two passport size photographs

 

Personal Loan EMI Calculator Table

To get an idea about how personal loan EMIs are computed, take a look at the table given below:

Loan Amount

Interest Rate

EMI for 1 Year

EMI for 2 Years

EMI for 3 Years

EMI for 4 Years

EMI for 5 Years

5 Lakhs

10.75%

₹44,132

₹23,245

₹16,310

₹12,862

₹10,808

10 Lakhs

10.75%

₹88,265

₹46,491

₹32,620

₹25,724

₹21,617

15 Lakhs

10.75%

₹1,32,397

₹69,737

₹48,930

₹38,586

₹32,426

20 Lakhs

10.75%

₹1,76,530

₹92,983

₹65,240

₹51,448

₹43,235

25 Lakhs

10.75%

₹2,20,662

₹1,16,229

₹81,551

₹64,310

₹54,044

30 Lakhs

10.75%

₹2,64,795

₹1,39,475

₹97,861

₹77,172

₹64,853