Why BankBazaar Loan?
  • Compare multiple bank offers
  • Apply Online for Lowest Rates
  • Get e-approval instantly
 Loan Ratings
4.0 / 5.0 by 22888 users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

 Loan Reviews

"I did applied car loan with HDFC bank but I never taken that, But I didnâ??t dropped my approach, I have plan to buy new car so I postbond my approach with HDFC bank. Overall customer service was very good, They updated me all clear details about my loan processing. The rate of interest and processing fees what they offered me is also quite acceptable, It take some time to take my car loan. "

Dhaneesh Padmalayam, Bangalore
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What is a Loan?

A Loan is a transaction where the lender gives money to the borrower, to be paid back with interest in EMI's.

Types of Loans

Personal Loan, Home Loan, Car Loan, Loan against property, Gold loan, etc are various types of loans available in India.

How Bankbazaar helps you get a loan?

Bankbazaar helps you compare & apply real time loan rates & other fees from various banks.
Secure & Safe

Compare Loan Offers. Apply Online and Save Thousands of Rupees.

We've identified the lowest interest rate quotes for your profile with great savings.

Rates & special offers displayed below are accurate & applicable ONLY for applications made on BankBazaar.com

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Loan Overview

Loan 4.0 / 5.0 by 22888 users  
Used this product? Write a review »
Low interest rate Loan offers.

Looking for a Loan in India? Compare Personal Loan, Home Loan and Car Loan offers online at BankBazaar.com for India.

We can help you find the right loan deals in India. We work with major banks & financial institutes like HDFC Bank & Fullerton India who offer great personal loan deals at low interest rates with fast & simple online approval process. For Home Loans we work with HDFC Ltd, Axis Bank, ICICI Bank & others to get you the best home loan interest rates. To help you buy your dream car in India we work with Axis Bank and HDFC Bank to get you the best car loan interest rates.

Why Apply for a Loan on BankBazaar.com?
  • One stop shop for multiple products: Get best loan offers for personal loans, home loans and car loans at BankBazaar.com.
  • Lowest interest rates: We have coordinated with HDFC Bank, Fullerton, HDFC Ltd, Axis Bank & ICICI Bank to get you the lowest Personal Loan interest rates, Home Loan interest rates and Car Loan interest rates in India.
  • Instant Quotes: Get Loan quotes customized to your profile online instantly by filling in the form above.
  • Simple Online Comparison: Compare Loan offers on the basis of interest rate, EMI, processing fees & customer satisfaction.
  • Transparency: Aimed at helping you make the right choice, we provide objective and transparent information about your loan options.
  • Privacy: Your application is sent only to the lender you choose, and is never shared with anyone else.
  • Trust: Top private banks in India like HDFC Bank, ICICI Bank and Axis Bank uses BankBazaar.com-powered technology to give thier customers the best Loan experience on their websites. www.hdfcbanksmartapply.com, https://www.hdfcinstanthomeloans.com/home-loan/compare-interest-rates.html, https://loans.axisbank.com/ and https://loans.icicibank.com/
How to get a Loan in India on BankBazaar.com
  • Eligibility Calculator: Fill the form above to instantly get customized Loan quotes that you are eligible for.
  • Compare Loan offers: Compare customized Personal Loans, Home Loans and Car Loan offers in India from various banks based on your eligibility criteria and apply online for the one you like.
  • Your application will be sent electronically to the lender you chose. The lender will contact you within one day.
  • BankBazaar.com will update you on your loan application status via email & SMS alerts.

Loan FAQs

  1. What are the interest rates for Loans?
    Each bank will have different Interest rates. Interest rates will also vary depending on each individual’s eligibility criteria’s. Typically Interest rates start at 12% and can go up to 28%.

  2. How much money am I eligible for?
    You can borrow as much as you can repay. This in banking terms would mean a Loan that has an EMI that does not exceed 40% of your monthly take home income, where the EMIs for existing loans are also deducted.
    For self-employed applicants, profit is the benchmark that determines loan value. The longer the time frame for repaying the loan the lower the EMI and this also means you can opt for a larger loan amount. The loan amount you are eligible for is also dependent on other factors like the company you are employed with, the location of your residence and your credit history.

  3. Can I have a co-applicant for a Loan?
    Yes, you can opt for a co-applicant. This can help you increase the loan amount you are eligible for as the income of the co-applicant is also taken into consideration.

  4. What is credit history? How does a financial institution check on my credit history?
    A credit history is basically a record of your past repayments of loans and credit card bills. Also, there is a central bank of data available with the Credit Bureau of India Limited (CIBIL), where data from all the banks on existing loans and their repayment patterns of their customers are accumulated. Before approving your loan a financial institution always checks with CIBIL on your loan repayment track record.

  5. How can I compare quotes from multiple banks?
    One of the easiest ways to do this is to compare online. Find your Loan at BankBazaar.com to gain instant access to the best quotes from various lenders.

  6. What does prepayment charge mean? Does it matter while comparing loans?
    A Loan is repaid to the lender within a fixed time frame, which is usually 1 to 5 years. In case you want to clear the loan payment earlier than the agreed time frame, the bank levies a prepayment penalty charge. This could be up to 5% of the outstanding loan amount but can vary according to the bank and the credit profile of the borrower. Make sure the interest saved by pre-paying exceeds the prepayment fee paid. This is one of the factors to keep in mind while comparing loans.

  7. What is the difference between a fixed interest rate and floating interest rate?
    A fixed interest rate remains constant throughout the loan tenure regardless of the market conditions whereas a floating interest rate can decrease or increase depending on market fluctuations. For instance, it increases when RBI hikes up short term interest rates. Banks usually quote the floating rate loans as their index rate (prime lending rate) plus or minus x%. Banks usually increase or decrease their prime lending rate when the RBI increases or decreases short term interest rates.

  8. Does Bank Bazaar charge me for its services?
    BankBazaar’s services come to you free of charge.

  9. How will the security and privacy of my data be ensured?
    BankBazaar will never share your data with any third party other than the financial institution that you decide to apply to. Our sound technology practices ensure a highly secure environment for all your data.

Loan Eligibility & Documentation

Check Loans offers online

Loan Eligibility: You are eligible for a loan if you are:
  • Salaried individual
  • Self employed individual
  • Self employed professional like doctor, lawyer, etc.
  • Aged above 18 years
  • Have a good CIBIL credit score
  • Good repayment capacity with fixed & stable income source
  • Overall banks rating for the company you work for
  • Try our Personal Loan eligibility Calculator to check how much loan amount you are eligible for.

Loan documentation: loan documentation process is minimal and generally banks require the following document:
  • Identity proof (Pan card, Passport, etc.)
  • 3 to 6 months bank statement (if salaried then bank statement of your salary account)
  • Residence proof (rent agreement, property document, ration card, etc)
  • Salary Slips
  • In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other documents etc.

Loan Interest RatesUpdated on 23 October 2014

Details of Loan

Personal Loan Interest Rate.(Monthly reducing balance)
14.25% to 49% fixed. Check Customized Interest Rates Now!
Processing Fees
1% to 5% of loan amount
Personal Loan Tenure
1 year to 5 years
Personal Loan Amount
Rs. 1 lakh to Rs. 20 lakhs
Pre-closure Charges
4% of pre-closed amount
Guarantor Requirement
No guarantor required

Details of Home Loan

Home Loan Interest Rate.(Monthly reducing balance)
10.5% to 14.25% floating. Check Customized Interest Rates Now!
Processing Fees
0.5% to 1% of loan amount
Home Loan Tenure
1 year to 20 years
Home Loan Amount Funded
Up to 85% of property value
Pre-payment Charges
0% to 2% of amount being prepaid
Pre-closure Charges
0% to 2% of amount being preclosed
Guarantor Requirement
No guarantor required

Details of Car Loan

Car Loan Interest Rate.(Monthly reducing balance)
10.50% to 14.25% floating. Check Customized Interest Rates Now!
Processing Fees
Up to Rs. 3,650
Car Loan Tenure
1 year to 5 years
Pre-closure Charges
3% to 6% of foreclosed amount
Car Loan Amount
Varies based on car model. Up to 100% financing for pre-approved customers.
Guarantor Requirement
No guarantor required

Loan Articles

  • How Does Personal Loan compare to other loans!!!
    A personal loan is by nature an unsecured credit that is provided to an individual based on his personal capability of repayment. The process is extremely simple and fast provided that the requisite documents are in order when applying for the loan.
  • Know Your Personal Loan!
    The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in the minds of applicants regarding the post disbursal procedure involved in a personal loan
  • Personal Loan criteria for the self employed
    One should opt for a personal loan only when all other means of availing funds have been exhausted and the need is pressing and situational. Taking a personal loan when the need is not justifiable or other means are available creates tremendous amount financial complications at a later stage.
  • How to calculate your loan eligibility!
    Most people who buy a home through a home loan are often left with little cash to carry out any further improvements in the house as per their requirements. Some opt for personal loans in order to make good this requirement.
  • Home loan document checklist for self employed!
    Every financial institution which deals in home loans has a specified set of requirements which are to be met by a borrower. When a borrower is found to be eligible for the loan, only then he is granted the amount applied for.
  • How to select your home loan lender?
    Getting a home loan approval can be a long and tiresome process especially if you are a self-employed professional or business owner. This is because many banks doubt business men for job continuity, as they are free to quit their jobs at any time. 
  • How to get a car loan faster!
    Getting a car loan is not supposed to be a Herculean task where the customer runs from pillar to post trying to negotiate a good deal and securing approval of the financing company.
  • Luxury car loans in India!
    The key to pushing up sales in this segment lies in creating unbeatable financing schemes that will lure the prospective customer from mid segment to luxury cars.
  • What is the application process for a car loan?!
    Applying for a car loan is relatively simpler as compared to a home loan primarily because the amount involved is less and the documents needed are much simpler to obtain.
  • Options for financing education abroad
    Studying abroad is expensive and at times the cost can be as high as six times that of the cost in India and hence planning needs to be done to ensure that sufficient funds are at disposal when needed. This is essential because to apply for the student visa, you need to show proof of funds sufficient to cover at least the first year of education.
  • Some basic facts about educational loans
    A ray of hope is seen with the availability of educational loans from various banks, which can fund an individual’s higher education. As these loans are not one of the ‘mainstream’ loans such as home loans or personal loans, people are hesitant or mostly unaware of such options. Here are answers to some generic queries that rise in regards to educational loans.
  • Education loans set to become more attractive!
    Typically interest rate on the education loan starts accumulating as soon as the course is over. Since interest during the moratorium period will be paid by the government, EMI for the borrower is set to fall. This will reduce pressure on his/her cash flows.
  • Education loan amount is to be correlated to repayment capacity
    According to a recent press report the revised education loan scheme implemented on all banks will make disbursal based on the repayment potential of the borrower. The education loans are not going to be offered based on the parental income or family wealth of the borrower which will be the decisive factor.

Loan Forum

   Loan Reviews
78 % of our customers would recommend this bank. (17950 out of 22888) Write Review
Customer Reviews
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  • Validated User
    (0)

    I have not yet finalized the property that is why I have dropped the idea of taking a housing loan. After confirming that I might contact Axis Bank for the same housing loan. The rate of interest offered by other Banks are close to around 9.75% , I guess Axis Bank is offering 10% which is on the higher side and as I hold a salary account with Axis Bank its quite convenient for me.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I recently applied for a car loan with AXIS bank. It was a good and quick process however I had post ponded my plan for the next 5 months. Therefore my car loan application has been closed by AXIS bank. In terms of service AXIS bank was good however the response was quite delayed from them. The rate of interest is comparatively low and the loan percentage they approve was also low.

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    Fees & Charges
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    took a Car Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I did applied car loan with HDFC bank but I never taken that, But I didnâ??t dropped my approach, I have plan to buy new car so I postbond my approach with HDFC bank. Overall customer service was very good, They updated me all clear details about my loan processing. The rate of interest and processing fees what they offered me is also quite acceptable, It take some time to take my car loan.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
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    Responsiveness
    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Good
    https://cdn1.bankbazaar.com/images/customer_review/default-unknown-person.png
    SURENDRA NILKANTH BHADANE, navi mumbai
    Recommend Recommended by user
    Validated User
    (0)

    HDFC bank was good, talking about my salary account experience, I got a jambu cash loan offers Rs. 2lackh from them it was very useful to me, one thing they didnâ??t inform anything about the EMI deduction , They Deducted my EMI amount from my salary but they havenâ??t Informed anything about, It was very important to customer who related with them , overall they wants to be more responsible with the customer need.

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    took a Saving Account from HDFC BANK Reviewed on
  • Validated User
    (0)

    I did applied car loan with HDFC bank but I never taken this loan the reason they provided me very high rate of interest to, However I have my salary account with them but they told me to provide me more documents, My concern i already been customer with HDFC but why they asked me to provide documents, Many other banks providing without pre closer charge amount even though i have my salary account why they want to charge me, for the account Holder they should provide the special rate, No documentation required,

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    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have not taken a housing loan with Axis Bank Housing loan, as they told that we have exceeded the time frame that is why they were unable to process the loan. It could have been , if they could kept me posted about the documentation, or what went wrong they could have processed that on time. More than all there was no single point of contact, as there was a communication gap it ended up in failure.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have even approached HDFC LTD for the housing loan, the best part about them was a single point of contact, where I can check about the information on line with one person. A single window is necessary or required to check all the details. Even if something goes wrong they were able to communicate to me immediately and overall its been great.

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    took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have approached Axis Bank housing loan , their services were good, they gave me enough support and they tried their level best to help me. It was all because of my builder, as my builder has a tie up with LIC. I took a housing loan from LIC and that is why I have dropped Axis.

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    Fees & Charges
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    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    I taken the car loan with State bank of India before the month, They are very quick and responsible. I myself contact them they guided me very politely, they provided all clear information about the loan processing. The day i approached with them the same day my loan process get cleared and they approved on next day itself, Within a day I got my car loan to be approved, Overall it is quick response from their, I never felt any difficulties with them.

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    took a Car Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (0)

    Once I did applied my car loan with HDFC bank they didnâ??t give me proper response to me, I asked them for certain clarification even they didnâ??t replay me anything, I had a conclusion about pre closer amount but they didnâ??t provide me any details about that so I dropped my approach with them. And also i got a better offer from other banks so I unable to take the loan with them, I approached Rs.5 lackh the rate of interest they offered me is very acceptable which is 10.45%

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    took a Car Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    HDFC bank is quite good in disbursing personal loan where I did get loan within 3 days. Customer service team handled the process very smooth and the interest rate was 14% with 1000 as processing fees. There are no pre closure charges. Overall quite excellent/

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    Fees & Charges
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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    My car loan application has been closed by AXIS bank as I had post ponded the plan until next year. It was an excellent customer service & response from AXIS bank. They were offering me an interest rate of 11.75% and ready to waive off some processing fee as well. I think the rate of interest is little bit higher than other banks.

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    took a Car Loan from AXIS BANK on BankBazaar.com Reviewed on
Customer Reviews
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