Why BankBazaar Loan?
  • Compare multiple bank offers
  • Apply Online for Lowest Rates
  • Get e-approval instantly
 Loan Ratings
4.0 / 5.0 by 6967 users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

 Loan Reviews

"Awesome service, Immediate response, Quick and smart officers, ATM cash deposit machine, Cust care super, Reasonable charges, Better banking facilities, Internet banking is user frendly, Best mobile banking, Android app is available, Fund transfer can be done through ATM as well, Cash discrepancies at ATMs are resolved quickly"

Bizza Thimothy Rakesh, Hyderabad
More Reviews
Choose Loan Offers From

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

  •  
Step 1 of 3

Loan Overview

Loan 4.0 / 5.0 by 6967 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 29 July 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
Customer Reviews
Page 1 of 50 1 2 3 4 5
  • Mr
    /images/customer_review/default-unknown-person.png
    Bizza Thimothy Rakesh, hyderabad
    Recommend Recommended by user
    (1)

    Awesome service, Immediate response, Quick and smart officers, ATM cash deposit machine, Cust care super, Reasonable charges, Better banking facilities, Internet banking is user frendly, Best mobile banking, Android app is available, Fund transfer can be done through ATM as well, Cash discrepancies at ATMs are resolved quickly

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Credit Card from ICICI BANK Reviewed on
  • (0)

    I am using the citi bank credit card since last 8 years and service provided by them is good. I have taken personal loan and also availed emi facility for outstanding payment clearance. Baed on my payment record they waived late payment charges on few occasions

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Credit Card from CITIBANK Reviewed on
  • (0)

    In terms of my fixed deposit with State bank of India, there is a locker facility which is quite safer. Its a 5 year period which i took on basis of tax savings. Maturity amount is good and its standard like other banks. Everything i do through on line and get updated.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    User has not used STATE BANK OF INDIA Reviewed on
  • (0)

    Axis Bank CL overall it was good approval got in just 2 days representative came home and did all the formalities. Overall satisfied with customer service good response and rate of interest no suggestion it was nice service provided very much satisfied.i want to give 4.5 star out of 5.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Car Loan from ALL BANKS Reviewed on
  • (2)

    i like sbi , because of them service and rates. their plan and rates are very very good and also their's service is best , i know some time they go to wrong way but overall i want to give sbi 4 star out of 5 , i also like sbi because of their prodectivite .

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from STATE BANK OF INDIA Reviewed on
  • (0)

    There is basic and amazing funding by bank. I appreciate it.The funds are tobe useful for anyone as per requirement. this is good financing system with credit worthiness.I would like to thanks specially for the sponsers they had given me the best oppurtunity to me.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    User has not used STATE BANK OF INDIA Reviewed on
  • Validated User

    I got a tie up with State bank of India from my company where i can use movie tickets for free. Signature credit card doesn't have a facility of fuel surcharges. This bank gives the good offers and its the life time free card. When i tried to redeem the reward points, they give an option of selected items, i feel its quite OK.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Credit Card from SBI CARDS on BankBazaar.com Reviewed on
  • (0)

    The branch on M.G. Road in Gurgaon, dedicated to Priority Customers does not treat all Priority customers on par. I went with all supporting documents in order to have update my Work address as well change Mailing address to Home address. I was standing at the table of one Service Manager for a long while as she was attending to other client. She took my documents as she got free. Meanwhile, a couple came in who looked to be a high net worth clients. The Service Manager attending to me, did not even say 'excuse me' or nothing and just got up and walked away to welcome the HNI couple. She came back to her desk a while later and casually told me that my documents would be processed and it never happened.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    User has not used AXIS BANK Reviewed on
  • Validated User
    (0)

    The BankBazaar web site I would say that they are working towards to the meeting up the customer expectations and fulfilling their requirements its like & it was nice experience having these type of products & hoping best for the future also would like to use this long life.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Fixed Deposit from PUNJAB NATIONAL BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have two accounts with this bank, so the opening of fixed deposit was good. They have a very good schemes and rate of interest rate is good. After 7 years 7 months, there is an option of making the initial amount double. There is no need of waiting in such a long queue and one more is no need of filling the form. It would be nice if they send the SMS alerts regarding interest rate to the customers.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    User has not used STATE BANK OF HYDERABAD Reviewed on
  • Validated User
    (0)

    It is good and somewhat better. What i felt was initially, they do charge a lot for processing and at later they cancel the loan if not eligible and the amount is not refunded. The processing and documentation was too long and the verification part was tedious. Interest rate was good and the executive was good.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I have two accounts with this bank, so the opening of fixed deposit was quite OK. On line banking is so slower and this is nothing where the customer service needs to approve on my request. We can transfer the amount from one ATM to another ATM which is good thing by input of some information.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    User has not used STATE BANK OF INDIA Reviewed on
  • Validated User
    (1)

    AM having good amount of reward points, but in case of redeeming the reward points, the options of selected items is not much good. Its the Platinum plus credit card with life time free card. I don't get cash back offers which is not good and no fuel surcharges. Down the line, i would say it would be great if they upgrade my card with good benefits. I use this card for paying up my premiums and I utilize this card by swiping it. It could be better if they can give offers in IRCTC, it would be helpful.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Credit Card from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    When i updated my email id, it was initially nice but later on went to ICICI, it was updated incorrectly. Even the customer care number is also busy or getting delayed. The mistake is on their side, i got the credit card but i am not using it. If the mail id entered wrongly, i would not get the statements.They will not accept the calls if its some other number or even email, they will not accept. Its the fault from their end, they have to rectify them. Even Bankbazaar team called, i clicked help but there was no response. There would be some other mechanism they must have a privilege of calling the customer and updating the correct information.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Credit Card from ICICI BANK on BankBazaar.com Reviewed on
  • Good Service Overall
    /images/customer_review/default-unknown-person.png
    RANGANATHAN SRINIVASAN, chennai
    Recommend Recommended by user
    Validated User
    (0)

    SBI Salary account their service is very good, i am using from past 9 years, Atms facility is very less in my place, response is good for any queries, they cleared all my queries, drawback is message alert they are charging that must be free apart from that everything is fine.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    User has not used STATE BANK OF INDIA Reviewed on
  • Blown Away!
    http://graph.facebook.com/100002846462437/picture
    Vaghasia Pravin V, rajkot
    Recommend Recommended by user

    "The processing and the documentation of personal lone with the ICICI Bank was very easy and the customer service was good. BankBazaar website was very informative and very helpful. BankBazaar suits all type of customers to choose their appropriate banks."

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK Reviewed on
  • Validated User
    (0)

    Interest rate offered was all the same with other banks in terms of home loan and even the processing charges. Processing was all too good and the executive was too cooperative in providing all the information. Documentation, verification was all good and am quite happy with their overall services. I get intimated about my loan information through SMS alerts.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from SUNDARAM FINANCE on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I got my Home loan disbursed two months ago and still now I haven't faced any discrepancies and the processing was pretty fine as I had account with this bank. Initially based on my salary slip, i was intimated that the whole loan amount would be given but later on it was quite less which was not satisfactory. EMI date is flexible and their on line banking needs to get updated to know about my monthly payments information, due date etc.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from AXIS BANK on BankBazaar.com Reviewed on
  • Fantastic experience
    /images/customer_review/default-unknown-person.png
    SANJEEV R KULKARNI, bangalore
    Recommend Recommended by user
    Validated User
    (1)

    Initially, i was not interested to go with State bank of India as the process all would be slower but later then based on people's advice, i approached this bank for my home loan. The experience was totally different and i would say its fantastic. I was given a form, then submitted the documents and by 24th day i got my loan. The cost of taking the loan from this bank is also slower.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Excellent experience
    /images/customer_review/default-unknown-person.png
    DEBA BANERJEE ARUN, bangalore
    Recommend Recommended by user
    Validated User
    (2)

    Last month I have received my home loan amount from SBI. It was overall a great experience of availing the home loan. Everything was smooth like documentation was much faster however the processing was little delayed upto 2 months due to some clarification in the documents. Rate of interest was fine.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Home Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 50 1 2 3 4 5

Interest Rates