Why BankBazaar Personal Loan?
  • Compare multiple bank offers
  • Apply Online for Lowest Rates
  • Get e-approval instantly
 Personal Loan Ratings
4.0 / 5.0 by 2242 users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

 Personal Loan Reviews

"Till now i haven't faced any problem with ICICI Bank, i like ICICI bank for their prompt and quick service and benefits were also good at ICICI.Overall am happy with ICICI service!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! "

, Coimbatore
More Reviews
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Compare & Apply online for low personal loan rates from HDFC Bank, ICICI Bank, Bajaj Finserv and Fullerton India.

Get the best Personal Loan deals

BankBazaar.com is a completely neutral marketplace and will never promote one lender over another & will always show you the best deals.

Need for Personal Loans

Personal Loans can be taken for marriages, holidays or any other purpose to meet an urgent cash need.
Secure & Safe

Personal Loan

salaried self employed

Compare  Personal Loan with other banks & check your loan eligibility

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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    Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
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Personal Loan Overview

Compare personal loans offers in India & apply online at BankBazaar.com to meet your urgent cash needs for any purpose.

To fulfill our financial aspirations or to meet urgent cash needs a personal loan is the best option. Be it wedding preparations, international holidays or buying jewelry for your spouse, personal loans can help you achieve all these instantly. Check your Eligibility Now!

BankBazaar.com helps you find the right personal loan deals in India. We work with major banks & financial institutes in India like HDFC Bank, ICICI Bank, Standard Chartered Bank, Bajaj Finserv & Fullerton India who offer great personal loan deals at low interest rates with fast & simple online approval process.

Why Apply for a Personal Loan on BankBazaar.com?
  • Lowest interest rates: We have coordinated with HDFC Bank, ICICI Bank, Standard Chartered Bank, Bajaj Finserv & Fullerton to get you the lowest personal loan interest rates.
  • Instant Quotes: Get quotes customized to your profile online instantly by filling in the form above.
  • Simple Online Comparison: Compare personal 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: HDFC Bank and ICICI Bank India's leading private sector banks, uses BankBazaar.com-powered technology to give their customers the best loan experience on their websites, www.hdfcbanksmartapply.com and https://loans.icicibank.com/personal-loan.html
How to get a personal loan on BankBazaar.com
  • Eligibility Calculator: Fill the form above to check your loan eligibility instantly.
  • Compare personal loan offers: Compare customized offers from HDFC Bank, ICICI Bank, Standard Chartered Bank, Bajaj Finserv and Fullerton India 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.
Benefits of Personal Loans:
  • Loan can be taken for tenures of up to 5 years.
  • No security or collateral is required.
  • Loan amount can vary from Rs. 50,000 up to Rs. 15,00,000.
  • Minimal documentation and quick approvals.
  • Repayment through easy EMI’s.
Important Facts to Know about Personal Loans
  • Take a loan only when you cannot borrow from friends & family.
  • Always compare loan offers from various banks.
  • Check your eligibility, compare interest rates, processing fees, prepayment charges & calculate EMI before signing the loan agreement.
  • Make sure you don’t default on your payments which can impact your CIBIL credit score. A high CIBIL credit score will help you get quick approvals for personal loan, home loan or car loan. A low CIBIL credit score will result in immediate loan rejection.

Personal Loan FAQs

  1. What are the interest rates for personal loans?
    Each bank will have different interest rates. Interest rates will also vary depending on the individual’s profile. Typically interest rates vary from 14.25% to 28%.

  2. How much money am I eligible for?
    You can borrow as much as you can repay comfortably. This in banking terms would mean a personal loan that has an EMI that does not exceed 40% of your monthly take home income, once the EMIs for existing loans have been deducted.

    For self-employed applicants, profit is the benchmark that determines loan value.
    Opting for a long tenure will lower the EMI, and therefore will enable you to be eligible 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 Personal loan?
    Yes, you can opt for a co-applicant. To do so, please submit your application on BankBazaar.com, and inform the bank’s sales manager contacts that you wish to add 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 a record of your past repayments of loans and credit card bills. Credit Bureau of India Limited (CIBIL) maintains this credit history, by compiling data from all the banks on existing loans and the repayment history of their customers. 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?
    Complete the short form above to find best personal loan offers that you are eligible for. Compare these personal loan offers basis EMIs, interest rates, processing fees, prepayment charge and customer ratings and apply to the lender of your choice.

  6. What does prepayment charge mean? Does it matter while comparing loans?
    A personal 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. Most personal loans are offered at a fixed interest rate.

  8. Does BankBazaar.com charge me for its services?
    No. BankBazaar.com’s services come to you free of charge.

  9. How will the security and privacy of my data be ensured?
    BankBazaar.com 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.

Personal Loan Eligibility & Documentation

Personal Loan Eligibility: You are eligible for a personal 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
  • Work for a stable company
  • Try our Personal Loan eligibility Calculator to check on the loan amount you are eligible for.

Personal Loan documentation's: personal loan documentation process is minimal. Generally banks require the following documentation:
  • 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 applicants, banks require balance sheets, profit & loss accounts, partnership deeds & other documents etc.

Personal Loan Interest RatesUpdated on 19 April 2014

Details of Personal 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
Up to 5% of pre-closed amount
Guarantor Requirement
No guarantor required

Personal Loan Articles

  • Document Checklist for Personal 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.
  • What happens after a personal loan is disbursed?
    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
  • When should one apply for a personal loan?
    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.
  • Have more questions on loans? Ask us now!
    GATEWAY_PL_ARTICLE5_SUMMARY

Personal Loan Forum

Comments: 37    Views:      September 26

Comments: 1    Views: 51     March 05

Comments: 1    Views: 22     February 28

Comments: 3    Views: 31     February 18

Comments: 2    Views: 31     February 12

Comments: 3    Views: 161     December 27

Comments: 0    Views: 1     December 16

Comments: 1    Views: 241     November 11

Comments: 4    Views: 91     October 17

Comments: 1    Views: 41     July 26

Comments: 2    Views: 31     July 28

Comments: 2    Views: 181     May 22

Comments: 2    Views: 161     May 17

Comments: 2    Views: 81     May 20

Comments: 3    Views: 61     April 22

Comments: 0    Views: 161     April 12

Comments: 0    Views: 21     April 12

Comments: 0    Views: 41     April 11

Comments: 0    Views: 11     April 11

Comments: 0    Views: 1     April 10

Comments: 0    Views: 1     April 09

Comments: 2    Views: 151     March 19

Comments: 1    Views: 11     March 14

Comments: 4    Views: 551     October 11

Comments: 0    Views: 51     October 01

Comments: 0    Views: 191     September 26

  Personal Loan Reviews
Customer Reviews
Page 1 of 50 1 2 3 4 5
  • 'Improvisation on their service'
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    KESAVA MOORTHY, coimbatore
    Yes, I recommend this bank.
    STATE BANK OF TRAVANCORE Personal Loan
    3.0/5
    validated-source
    (4)

    SBT is quite old nationalized bank ,but i have a suggestion to SBT towards their customer service its very hard to reach customer service representative and main issue was language barrier, it will be fine if SBT hire tamil executives too to make their customer's to feel on a comfort zone and they have to work on their online portal too otherwise overall am glad to have relationship with SBT.

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    Fees & Charges
    Promised Interest Rate
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    Responsiveness
    took a Personal Loan from STATE BANK OF TRAVANCORE on BankBazaar.com Reviewed on
  • ' Good service'
    /images/customer_review/default-unknown-person.png
    KESAVA MOORTHY, coimbatore
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    5.0/5
    validated-source
    (3)

    Till now i haven't faced any problem with ICICI Bank, i like ICICI bank for their prompt and quick service and benefits were also good at ICICI.Overall am happy with ICICI service!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Amazing customer service
    /images/customer_review/default-unknown-person.png
    KESAVA MOORTHY, coimbatore
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    5.0/5
    validated-source
    (0)

    ICICI Bank customer service and instant response was really good.Even i got my loan disbursement on time am quite happy to deal with ICICI Bank. But it will be fine if they inform customer about loan due date on prior after their loan disbursement ,otherwise overall am glad to have a relationship with ICICI Bank.

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    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • 'Improvisation on their service'
    /images/customer_review/default-unknown-person.png
    AVESH CHAUHAN, faridabad
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    4.0/5
    validated-source
    (3)

    ICICI Bank customer service and instant response was really good. Bankbazaar executive immediately called me their response was good enough initially ,but later on after my document collection, i was not informed about my loan status again i have re-submitted my documents to ICICI Bank executive ,so my loan process was dragged and got my disbursement delay otherwise am quite ok with bankbazaar service.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Good job
    /images/customer_review/default-unknown-person.png
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    4.0/5
    validated-source
    (1)

    ICICI Bank customer service and instant response was really good. ICICI Bank service was fine, but i feel it will be good it they reduce their rate of interest and charges/fee,otherwise am happy that i got my loan disbursement on time and had good experience with ICICI Bank .

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Good job
    /images/customer_review/default-unknown-person.png
    NARASIMULU ASHAPPA MAGALAPPA, bangalore
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    5.0/5
    validated-source
    (1)

    ICICI Bank customer service and instant response was really good. ICICI Bank service was fine,i like their documentation process and am happy that i got my loan disbursement on time and had good experience with ICICI Bank !!!!!!!!!!!!!!

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Virtuous Service
    /images/customer_review/default-unknown-person.png
    SANJAY GORE, gandhidham
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    5.0/5
    validated-source
    (1)

    ICICI Bank customer service and instant response was really good. ICICI Bank service was fine, but i feel it will be good it they reduce their charges and fee,otherwise am happy that i got my loan disbursement on time and had good experience with ICICI Bank .

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    Fees & Charges
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    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • ' Good service'
    /images/customer_review/default-unknown-person.png
    TAPAS KUMAR NAYAK, rourkela
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    4.0/5
    validated-source
    (1)

    ICICI Bank was good in terms of collecting minimum documents,response and customer service was also good .It will be good if they reduce their rate of interest and fees and charges otherwise am quite happy that i got my loan disbursement on time.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Excellent job
    /images/customer_review/default-unknown-person.png
    UDAY KUMAR YADAV, noida
    Yes, I recommend this bank.
    AXIS BANK Personal Loan
    3.0/5
    validated-source
    (1)

    Though i have my salary account with AXIS Bank it was easy for me to avail AXIS Bank credit card. I feel AXIS rate of interest was pretty high when compared with other bank but otherwise i like their balance transfer into emi option...........

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    Fees & Charges
    Promised Interest Rate
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    Responsiveness
    took a Personal Loan from AXIS BANK on BankBazaar.com Reviewed on
  • ' Good service'
    /images/customer_review/default-unknown-person.png
    UDAY YADAV, noida
    Yes, I recommend this bank.
    HDFC BANK Personal Loan
    4.0/5
    validated-source
    (1)

    HDFC Bank customer service and response was really good.It was simple to use and have not good benefits like converting my due payment into EMI option,EMI option are mostly offered by bank, if offer is available then it will be converted other wise pay whole amount, online portal is good at HDFC Bank. I will recommend HDFC Bank to my friends........

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Good job
    /images/customer_review/default-unknown-person.png
    Uday Yadav, noida
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    4.0/5
    validated-source
    (2)

    ICICI Bank was very good in terms of services, like any type open account, personal loan, quick loan disbursement and initially customer service was good but later on they failed to update me on my loan status otherwise overall it was fine experience to deal with them!!!!!!!!!!!!!!!!!!

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    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Virtuous Service
    /images/customer_review/default-unknown-person.png
    MAYANK GUPTA, bhiwadi
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    4.0/5
    validated-source
    (0)

    ICICI Bank rate of interest was quite fine when compared with other bank,documentation procedure was good at ICICI Bank. But it will be fine if they wor on customer service ,and even my loan disbursement happened in a quite delayed manner otherwise overall am glad to deal with ICICI.

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    Promised Interest Rate
    Fees & Charges
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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • ' Good service'
    /images/customer_review/default-unknown-person.png
    OM PRASAD SUBEDI, bangalore
    Yes, I recommend this bank.
    CITIBANK Personal Loan
    4.0/5
    validated-source
    (2)

    I took personal loan from CITI it was a loan taken against credit card,i choose CITIBANK for their exciting benefits like flexibility on limit enhancement and fulfilling customer needs, resolving queries on time. When compared with other bank i would say CITIBANK is best to deal with.

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    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Personal Loan from CITIBANK on BankBazaar.com Reviewed on
  • Excellent job
    /images/customer_review/default-unknown-person.png
    OM PRASAD SUBEDI, bangalore
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    4.0/5
    validated-source
    (1)

    ICICI Bank prompt response was fine,But initially when i approached them they offered me for 13.99% of rate of interest and again they reduced to 13.75% finally i was informed as 13.99% so it will be good if they provide accurate information and loan disbursement was also quite delay otherwise overall am happy with ICICI Bank.

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    Fees & Charges
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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  •  Personal Loan
    /images/customer_review/default-unknown-person.png
    MOHANA RANGASWAMY, coimbatore
    HDFC BANK Personal Loan
    5.0/5
    validated-source
    (0)

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Awesome Service
    /images/customer_review/default-unknown-person.png
    SHUVOBRATA DEV, new delhi
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    4.0/5
    validated-source
    (1)

    ICICI Bank kept their promise in terms of activating my account on the committed date.Customer service and response was quite good,basically customer will always look for quality service so i will recommend ICICI Bank for my friends and colleague.

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    Fees & Charges
    Promised Interest Rate
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    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Excellent job
    /images/customer_review/default-unknown-person.png
    SHUVOBRATA DEV, new delhi
    Yes, I recommend this bank.
    CITIBANK Personal Loan
    4.5/5
    validated-source
    (0)

    CITIBANK rendered me with amazing customer service.Their benefits are good in terms of transaction,they tend to come up with lucrative offer's and they try to understand customer needs and offer them accordingly to it and i haven't faced any problem with CITIBANK.

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    Promised Interest Rate
    Fees & Charges
    Customer Service
    Responsiveness
    took a Personal Loan from CITIBANK on BankBazaar.com Reviewed on
  • Good job
    /images/customer_review/default-unknown-person.png
    SHUVOBRATA DEV, new delhi
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    3.0/5
    validated-source
    (0)

    ICICI Bank took minimum time to disburse my loan amount and customer service was good they are good enough even on their rate of interest. But am pretty disappointed with ICICI because of their late response and it will be fine if they process loan on committed time.

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    Promised Interest Rate
    Fees & Charges
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    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  •  Personal Loan
    /images/customer_review/default-unknown-person.png
    NAVEEN MALLIKARJUN, bangalore
    Yes, I recommend this bank.
    HDFC BANK Personal Loan
    5.0/5
    validated-source
    (1)

    I like HDFC Bank credit card because its easy to access and they have 'n' number of branches and atm. Though i had a salary account with HDFC Bank i have opted for HDFC credit card,customer service and response was good enough and i got my card disbursement also soon.

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    Fees & Charges
    Promised Interest Rate
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    Responsiveness
    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • 'Good Experience'
    /images/customer_review/default-unknown-person.png
    NAVEEN MALLIKARJUN, bangalore
    Yes, I recommend this bank.
    ICICI BANK Personal Loan
    5.0/5
    validated-source
    (1)

    I would say ICICI Bank was good in terms of rate of interest and awesome customer service. But am pretty disappointed towards their response after document collection ,even my loan disbursement also happened in a delayed manner and it will be good if they consider customer salary instead of company categorization while deciding on loan eligibility.

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    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
Customer Reviews
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