Why BankBazaar Loan?
  • Compare multiple bank offers
  • Apply Online for Lowest Rates
  • Get e-approval instantly
 Loan Ratings
4.0 / 5.0 by 6875 users

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 Loan Reviews

http://graph.facebook.com/100002846462437/picture ""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.""

Vaghasia Pravin V, Rajkot
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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 6875 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 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
  • 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

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    Fees & Charges
    Promised Interest Rate
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    Responsiveness
    took a Personal Loan from ICICI BANK Reviewed on
  • Validated User

    Holding a credit card of HSBC bank more than 2 years was very really interesting. I am quite satisfied with the services provided by the bank. All my inquiries are resolved within a maximum of 24 hrs. Rate of interest & fees are quite similar to other banks. Interest rate would be very high if the whole billed amount is not paid on the due date.

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    took a Credit Card from HSBC BANK on BankBazaar.com Reviewed on
  • Average Bank
    /images/customer_review/default-unknown-person.png
    GAGAN SINGH, chandigarh
    Recommend Recommended by user
    Validated User

    I would call HDFC as a average Bank because their savings account is good however when it comes to net banking it takes too much of time for the funds to get transferred at least 24 hours its time consuming and their interest rates are quite similar and there is nothing new about it.

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    User has not used HDFC BANK Reviewed on
  • Validated User

    ICICI Personal Loan best thing i feel is interest rate, their process was fast, i got loan approval in 10 days, only drawback is i have not received my confirmation letter yet, response was very good they solved all my queries, there was no hidden charges, processing fee was reasonable, overall i am satisfied.

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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Good experience
    /images/customer_review/default-unknown-person.png
    RAVIKESH SRIVASTAVA, mumbai
    Recommend Recommended by user
    Validated User

    My experience of availing a car loan from HDFC bank via bank bazaar was good. Documentation was very simple & fast and the processing of the loan was completed within a week. I am quite satisfied with the rate of interest, processing fees & other charges.

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

    I have recently availed a home loan from HDFC LTD. I am fine with documentation & processing time however I am little disappointed about the response from the bank & customer care executives. Few things were not communicated to me before disbursing the loan and the demand letter was received after the first due date. Rate of interest is standard and the customer service needs improvement.

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    took a Home Loan from HDFC LIMITED on BankBazaar.com Reviewed on
  • Good journey
    /images/customer_review/default-unknown-person.png
    PRAMOD SAVANOOR, bangalore
    Recommend Recommended by user
    Validated User

    CITI Bank credit card is good their communication is pretty normal I am getting text alerts and email alerts for transactions and my spends are high I am getting alerts on time and its been about say 8-10 years now there is no fraud its a good journey.

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    took a Credit Card from CITIBANK on BankBazaar.com Reviewed on
  • Validated User
    (6)

    CITI Bank savings account is good, their communication is excellent their on line banking works really well and I am able to find all the details on line and there is a lack of transparency they should provide clear information and their overall service is good.

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    User has not used CITIBANK Reviewed on
  • Validated User

    HDFC Home Loan is good, the operation process is very good they are constantly in touch with the customer and update customer every now and then and they are doing a very good job and they should continue doing the same job keep up the good work!

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

    AMEX credit card is very costly and most of the merchants does not accept AMEX credit card does not accept travel cards and for airline travels I get 2 bonus point customer service is ok and I would recommend AMEX credit card to my friends and relatives.

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    took a Credit Card from AMERICAN EXPRESS BANKING CORPORATION on BankBazaar.com Reviewed on
  • Validated User

    SBI Savings account is very good , it is one of the largest and biggest Bank in India and I am proud to have an account wiht them the charges are on higher side their Internet banking is good, the customer service is ok and I would recommend SBI to my friends and relatives.

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    User has not used STATE BANK OF INDIA Reviewed on
  • Validated User
    (3)

    RBS is good, they provide good security they have good number of ATMS however their ATM does not work properly it will be really good if they replace it on replace new ATM machine and I am really happy with their service and I would describe abotu their service to my friends and relatives.

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    User has not used ROYAL BANK OF SCOTLAND Reviewed on
  • Validated User

    Everything was done on a single day ICICI Car loan is very quick there are no complaints they followed me every well and they came to my place and all my documents were collected on time and I got my car very quickly it was unbelievable and I really happy with their service and overall its good.

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    took a Car Loan from ICICI BANK on BankBazaar.com Reviewed on
  • My credit card
    /images/customer_review/default-unknown-person.png
    NARAYAN SHETTY, bangalore
    Recommend Recommended by user
    Validated User

    My SBI credit card is good, their response is very good its takes a very long time for them to respond their interest rate is less and I am ok with their credit limit and offers and discounts they have provided to me and their bonus points aswell.

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    took a Credit Card from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Validated User

    Initially I have taken a loan for 15 years and they changed my tenure without any notice the interest rate was changed from fixed to floating rate without any notice and I tried to call them but there is no response from them for quite some time even after 15 days time I have heard from them hoping to get a positive response from them.

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    took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (3)

    HDFC Salary account service is good its my zero balance account, i have unlimited transaction in any Atms, i am holding from past 6 years, response and customer is very good, on line banking is convenient and user friendly, only drawback is in net banking loan statement cannot download need to visit branch only apart from that its best.

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    User has not used HDFC BANK Reviewed on
  • Validated User
    (4)

    My feedback for SBI Salary account is good their on line banking is excellent, with respect to on line banking facility where ever we turn we can find one ATM for SBI and its quite easy to with draw cash their Branch is unified we can go to any Branch to sort out our issues not necessary go to our parent branch.

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    User has not used STATE BANK OF INDIA Reviewed on
  • Validated User

    I was very keen to take a home loan from SBI as their interest rates are low, but later I dropped the plan of taking a home loan as their executives are ready to come to my place to collect the documents and I have to go all the way to the Branch to do is and the Branch staff does not have a clear picture about verification also and hence I am was not that interested with SBI

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    took a Home Loan from STATE BANK OF INDIA on BankBazaar.com Reviewed on
  • Good one
    /images/customer_review/default-unknown-person.png
    PRAVEEN KUMAR, bangalore
    Recommend Recommended by user
    Validated User
    (8)

    I am happy with ICICI as they have offered me a home loan their interest rate is excellent I have taken fixed interest rate for 2 years and post which it will move to variable interest rate which none of the other Bank does, the sales executive does not have a sound knowledge as he missed to take my signature once and he came back to get the signature from me its ok still manageable.

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    took a Home Loan from ICICI BANK on BankBazaar.com Reviewed on
  • best cridit card
    /images/customer_review/default-unknown-person.png
    gangadhara rao, hyderabad
    Recommend Recommended by user

    this is best credit card for ever in aspects.you will get more reward points. no hidden charges. if you want take credit card,take citi bank credit card. We have cash back facilities citibank card and i get lot of EMI options on many on-line shopping and i would say its good for shopping and on-line purchases when compared with other banks.

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    took a Credit Card from CITIBANK Reviewed on
Customer Reviews
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