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 2644 users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

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

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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.
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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

Personal Loan 4.0 / 5.0 by 2644 users  
Used this product? Write a review »
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 22 July 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

  • 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.

Personal Loan Forum

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   Personal 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
    Customer Service
    Responsiveness
    took a Personal Loan from ICICI 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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    Fees & Charges
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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User

    Through BankBazaar, i applied personal loan with which is good. Response was good in terms of quick and faster response. Interest rates are very higher and services were faster in terms of documentation, verification. On line banking can be more approachable way as its not reflecting up the loan information in terms of EMI date, due payments etc.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Good Service Overall
    /images/customer_review/default-unknown-person.png
    DIGAMBAR PAIKADE, aurangabad
    Recommend Recommended by user
    Validated User
    (6)

    ICICI Personal Loan it was good service, interest was bit high, documentation was pretty good there was no hidden charges, i could say they must provide interest rate at what they commit, with in 15 days i got loan approval, customer service and response was very good, it was good service overall.

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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (6)

    The best part of my personal loan with HDFC bank is document collection which was prompt and they intimated at first point of time about the documents. My documents was all collected within 24 hrs of application and disbursement was done within 2 days. On line banking is good in terms of automated detection of monthly payments and i do get updated.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    It was nice experience I had with my personal loan disbursement with HDFC. Verification part was too nice but the documentation process took a long time which is not good. The executive who was helping me was lacking in knowledge but other than that fine. Processing charges and interest rate can be quite less.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (4)

    The person who communicated from HDFC bank was good and responsive. But the interest rates are bit higher but they were not negotiable and intimated that its based on my eligibility. Processing charges are more or less the same compared with other banks. Executive who helped me beyond the office timings is too nice and I would surely appreciate him for his work done. And also initially one of the executive from HDFC helped me who was great.

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

    HDFC bank is the only bank they provide Personal loan. It was a great service but one thing is I need to wait for such a long time for disbursement where it took around 3 weeks. Executive was fine and documentation process itself took almost 15 days. Interest rate was also good.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    It was a nice processing in terms of my personal loan disbursement. Processing and disbursement together took around 3 days of time and the executive who came forward was good and updating me about everything. I get intimated about my EMI payments, due date through SMS alerts. The executive can be more responsive where in my part, i was keep on calling them to know the status.

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

    ICICI Bank Personal Loan i had good experience, only drawback is rate of interest was bit high apart from that it was good, what they committed they gave, documentation was easy i got my loan approval in 3 days, response was good for all my queries, there was no extra charges taken.

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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    It was a great experience of availing a personal loan from HDFC bank through bank bazaar website. Documentation went well and the processing was much faster than other banks. Rate of interest is fine affordable but It would be better if it's reduces a little bit. I would suggest the bank to communicate about the insurance in advance before disbursing the loan.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Easy & convenient
    /images/customer_review/default-unknown-person.png
    PRABACHANDAR SEKAR, bangalore
    Recommend Recommended by user
    Validated User
    (4)

    Everything was fine with HDFC bank. I recently availed a personal loan from HDFC bank via bank bazaar website. It was a good experience and the documentation was very easy. Processing time was much faster and the rate of interest is reasonable.

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

    ICICI Bank Personal Loan its good service overall, only drawback is they said my emi will be on 15th date but they changed to 1st for which i am not satisfied there is no proper response when i call up, best thing is i got loan disbursement in 6 days interest rate was good, staff relationship was good to me, there is no extra charges.

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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User

    I like HDFC bank in terms of their promise they maintain about interest rates and its quite nominal like other banks. Documentation process was too long and the executive who came forward was not much updated on it. There was a communication gap. On line banking is simple and i have my account linked with HDFC.

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

    I took the personal loan from HDFC through Bankbazaar as it intimated they offer with low interest rate. But during the disbursement, they had totally increased to 14% which is disappointing. This bank did not stick to the commitment what they had provided earlier. Even their conditions are not good. Customer executive needs to be more responsive.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (2)

    ICICI Bank Personal loan it was been quick service, i got my loan in 15 days, response and follow up was good, interest rate was bit high if they could reduced interest rate will be great, documentation was easy, no extra charges taken what they committed they gave.

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    Fees & Charges
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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User

    I feel really good on availing a personal loan from HDFC bank couple of months ago. It was totally hassle free. Very easy & fast documentation and the processing time was just a week. Customer service is good and the executives are good in explaining the details about the loan. Rate of interest is lesser than other banks but still need to be reduced a little bit.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Overall Good Service
    /images/customer_review/default-unknown-person.png
    SRINIVAS JADALA, navi mumbai
    Recommend Recommended by user
    Validated User
    (1)

    ICICI Personal Loan satisfied with service, there process was good, i got loan in 15 days, response was fine, interest rate was bit high if they would have reduced it might be great, documentation was easy and there was no hidden charges, only drawback is they opened insurance policy for which i am not satisfied, they informed me at last moment about insurance apart from that it was good.

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    Fees & Charges
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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
  • Validated User

    There is a hidden insurance which bank tries to give to customer along with loan. When you talk to there customer service they say that insurance is mandatory and it is standard but as per RBI norms it is not, thus when you argue and talks to manager it was waived off. Net banking is fine and payment is automated one.

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    took a Personal Loan from HDFC BANK on BankBazaar.com Reviewed on
  • Validated User
    (4)

    ICICI Bank Personal Loan i am having good experience, i got my loan approval in 15 days, customer service and response was good they cleared all my queries, documentation is easy there was no extra hidden charges, interest rate was bit high, overall not much satisfied.

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    took a Personal Loan from ICICI BANK on BankBazaar.com Reviewed on
Customer Reviews
Page 1 of 50 1 2 3 4 5

Interest Rates