Actually my eligibility is 8lakhs but Standard Chartered bank was ready to provide only 5.4lakhs so I did not take personal loan from them. There were some discrepancies in the interest rate so bit dissatisfied. Interest rate is 15% and processing charge is high where it is 1%. No part payment facility in Standard Chartered bank.
06:44 PM - Jan 31, 2015
ICICI Bank personal loan was not that good, Interest rate offered by them was very high. One of my cheque got bounced for which they charged rs 350 . The foreclosure charges are very high . They charge 2 % on the remaining outstanding principle amount and it was before 4 years this loan was time and the loan sanction time was very less.
04:47 PM - Jan 31, 2015
Experience was good with ICICI bank but unfortunately I unable to take personal loan from them because I was not having permanent address at that time. Customer service is good but not satisfied with the document executive because they never gave feedback about the product. Response was moderate. Interest rate is very good where they mentioned 14%, which is less than other banks.
03:33 PM - Jan 31, 2015
The executive of ICICI bank was not sure about the exact details about product so there was some delay. Quiet fast response so really satisfied about personal loan services. I am not sure about interest rate but the processing charge is bit high.
06:43 PM - Jan 31, 2015
Basically Standard Chartered bank is my home bank and more than that they are offering personal loan with nil processing and foreclosure charge. People always looks for best liabilities so as per that Standard Chartered bank is best in services. The turn around time is short and they are just awesome. In 48 hours they approved and delivered the loan amount, it was amazing. Interest rate is just 13.5% which is less and amount that I availed is 5lakhs.
04:27 PM - Jan 31, 2015
I have approached ICICI Bank for the personal loan . The main reason for not availing the loan is because they took all my documents post which there was no response from their side . Meanwhile HDFC offered me a good deal and hence I switched over. I am very much happy with the interest rate and processing fee expect for their service as I have no way of knowing my application status.
03:06 PM - Jan 31, 2015
At the start of the November I applied for personal loan and got the amount at the end of the November. Very satisfied with the interest rate but processing charge is not up to the mark. The processing charge is 2000, which I never expected. My salary account is of one year old in HDFC bank but they were not ready to reduce the processing charge as they kept it as flat. I guess the interest rate is something around 14% which is competitive.
05:33 PM - Jan 31, 2015
Satisfied with ICICI bank but not opted personal loan as they were not ready to bring down the processing charge. They accepted to reduce the charge but I was expecting for zero percentage so the deal got closed. Interest rate 14% is bit high because I got offer of 13.5% in the market.
04:25 PM - Jan 31, 2015
Main reason to take personal loan in Axis bank is part payment option and can close the loan at any time. Top up option is available but not sure about the period. Interest rate is 13%, which is similar to all other banks. Actual loan amount is 2lakhs and this is for tenure of 3 years. Comfortable in EMI date as it is getting through my salary account.
02:57 PM - Jan 31, 2015
Interest rate was not as per the expectation so I canceled the plan of taking personal loan from ICICI bank. I am maintaining account for more than two years but they just reduce the interest rate of 16% from 18%. Other than that ICICI bank is very good in bank services as ATM service is good and Internet banking is perfect.
05:31 PM - Jan 31, 2015
HDFC bank is also good in personal loan processing but they are charging high interest rate where they offered more than 15%. They have taken 4000 of processing charge, which is around 2%. Other than that satisfied with customer service and response.
03:35 PM - Jan 31, 2015
I have account in HDFC bank so till date I never faced any issues. Interest rate is like 13% and all other banks are also under same range. I did not check with the pre closure for personal loan but they have some percentage for it. Due to existing account they just collected photographs and present address proof so there was no hassle in documentation process. HDFC collected something for processing charge but they have remitted it again.
02:56 PM - Jan 31, 2015
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Minimum income required
Rs.17,500 per month
Maximum allowed personal loan is Rs. 50K to Rs. 30 lakhs
EMIs of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 5 Yr years
|Interest Rate (Monthly reducing balance)||13.49% - 34%|
|Loan Tenure||1 year to 5 years|
|Pre-closure Charges||2% - 5%|
|Guarantor Requirement||No guarantor required|
|Bank/NBFC||Rate of Interest||Loan Processing Charges||Prepayment/ Forclosure Charges||Cheque Bounce Charges|
|Axis Bank||15.50% to 24%||1.50% to 2.00% + Service Tax as applicable||Nil||Rs. 500 per cheque bounce + Service Tax as applicable|
|SBI||Personal Loans Scheme (SBI Saral): 8. 50% above Base Rate floating||2.02%-3.03% of the loan amount.||Nil||NA|
|HDFC Bank||15.75% to 20%||Up to 2.50% of the loan amount subject to a minimum of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers.||Salaried - 13-24 Months - 4% of Principal Outstanding, 25-36 Months - 2% of Principal Outstanding >36 Months - NIL||NA|
|Bajaj Finserv||16%||2% - 3% of the loan amount||Nil||Rs. 1,000 for every bounce|
|ICICI Bank||13.99% to 18.00%||Up to 2.25% of loan amount plus Service Tax||The lower of the two amounts given below: 1) 5% of principal outstanding or 2) Interest outstanding for the unexpired period of the loan.||NA|
Working as a research scholar with Punjab University (PU) could make you eligible for a personal loan from the State Bank of Patiala (SPB). This proposal, currently in the pipeline, is awaiting to be tabled before the syndicate for approval as on November 22, and has rightfully gotten the PU scholar community excited. Selected research scholars who have earned the necessary nod from the University Grants Commission (UGC) are eligible for this loan- a stopgap arrangement that helps them meet their financial demands through the period between the commencement of the selected research and the official release of the corresponding grant by the commission. Aside from this, the other eligibility factors include an Indian citizenship, selection at PU for research and recommendation by the varsity for the UGC grant. The maximum loan amount of Rs.1.5 lakh will be disbursed in 12 instalments with a stipulation that Rs.12,500 be the maximum amount that can be disbursed in a month. SPB proposes to impose an interest rate of 13% per annum on the loan.
29th December 2014