Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Get your personal loan quote in just seconds

    We need a little info to see if you qualify for discounts.
      I live in & work in .
      I make Rs. per month. I'd
      like a personal loan for Rs. .
    80,00,000+ Happy Customers with loans & cards
    Compare multiple options and choose the one that best suits you

    Compare the best personal loan offers in town and locate the lowest rates!

    Over 25 offers to compare!

    This is our forte- helping you compare the finest deals. Additionally, we'll handpick offers that suit your profile and present the best rates from several banks, so you can make a thoroughly-informed decision.

    Breaking down offers

    We're obsessed with giving you a 365 degree view of offers. So, we'll break it down for you - EMIs, eligibility, maximum amount that can be borrowed, fees, hidden charges... no more getting fooled by the fine print!

    Emergency, Marriage or Travel

    Be it a marriage, higher education, a personal emergency, shopping needs or just need extra cash - instant cash with the best rates & timely handheld support.

    Why apply online?

    You don't have to fight for parking space! Jokes apart, applying online will help you save time and money; plus, you'll be able to use the services of our super-friendly customer service team at anytime and get all your queries answered.

    Done comparing! Now what?

    We showcase the best loan offers and help you compare them... what next? Well, we'll aid you in applying to the bank of your choice and work with you right up to the delivery of the loan!

    Still have a gazillion questions?

    Think of BankBazaar as your loan-savvy buddy! Our customer support team is at your service to clear doubts on eligibility, offers, procedures and documentation, and help you apply. They'll even co-ordinate with the bank to get you your loan on time.

    We'll connect you to the bank

    We know the bank guys really well! So, if you want to talk to a bank representative or get help on your loan application, we won't just connect you to them; we'll also do the follow-up on your behalf.

    Landing Previous Arrow
    Have a question? Leave your email here Thank You! Sorry! That looks invalid. Please try again.

    Compare Personal Loan Offers from Top Banks. Apply Online and Get e-Approved Instantly.

    Personal Loan Reviews

    Common Loader Icon

    BankBazaar Personal Loan is Rated as "Great!" by 63187 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    You're eligible for a Personal Loan if you:


    Are legally adult enough to handle it

    Have still got it

    Get a regular pay check

    Make more than a basic buck

    Your eligibility depends on


    Earn more than minimum income

    Maximum allowed personal loan is Rs. 10K to Rs. 45 lakhs

    EMIs of other loans lower
    your eligibility

    Boost your eligibility by


    Pay off your credit card bills

    Choose longer tenure loan up to 5 years

    Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

    • 1. Photo ID and age proof
    • 2. Signed application form with photograph
    • 3. Residence proof
    • 4. Last 6 months bank statement
    • 5. Documentation for salaried applicants:
      • Last 3 months salary - slips
      • Form 16 or Income Tax Returns
    • 6. Documentation for self-employed applicants:
      • Last 3 years Income Tax Returns with computation of Income
      • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

    Personal Loan Interest RatesUpdated on 23 Jul 2016

    Personal Loan Details
    Interest Rate (Monthly reducing balance) 11.49% - 37.00%
    Processing Fees Varies with bank
    Loan Tenure 1 year to 5 years
    Pre-closure Charges Varies with bank
    Guarantor Requirement Varies with bank

    About Personal Loans

    Personal loan is a popular financial loan instrument providing assistance for any immediate financial need. Personal loans are non-collateral loans offered by almost all public sector banks and private banks to leverage any financial crisis. Quick approval with minimal documentation and loan disbursal as quick as one day makes personal loan a widely popular financial instrument.Unlike in the past, a borrower seeking personal loan does not need to be physically present in the bank branch to request for a personal loan. With the use of technology and internet, personal loans can now be applied online with a quick approval process of less than one working day. Wide quantum of loan amount, flexible loan tenure and easy availability makes personal loans a viable financial instrument for people of all financial backgrounds when faced with a financial crisis.

    Why choose a Personal Loan?

    A temporary financial crisis can happen to anyone irrespective of his or her overall financial status. Personal loans are a great way to offset any such temporary financial crisis as it allows the users to avail a loan without any pre conditions on the usage of funds. Personal loans have a quick approval mechanism with loans getting cleared as early as within 24-48 hours of the loan application submission.

    • Easy Availability: Easy availability is one of the biggest advantages of a personal loan. Almost all banks and on banking financial companies offer personal loans for it’s customers. Personal loans are not very expensive and are available at reasonable interest rates making them a lucrative option to overcome any immediate financial need.
    • Minimal Documentation: Getting a personal loan does not warrant any long process of asset verification and require minimal documentation. Personal loans are quickly disbursed due to the fact that they seek minimal documentation for loan approval.
    • Quick Loan Approval: Personal loans today come with a quick loan approval mechanism. Loans are approved almost instantly for online personal loan requests. Users requesting for a personal loan can expect a loan disbursal within one or two working days making the whole loan process swift and hassle free.

    Features and Benefits of Personal Loans

    • Flexibility to Use Funds: Unlike other loan options, the funds raised through a personal loan can be used freely as per the needs of the individual borrower. Personal loans can be used to overcome any financial hardships, marriage or medical related expenses, house renovation or any other financial need of the borrower without any preconditions.
    • No Security: Personal loans are approved based on the income details and financial history of the borrower and not over any fixed asset as security or collateral. Since personal loans do not require any collateral or security to be mortgaged with the bank for loan approval, they are easy to use for a vast majority of people.
    • Flexible Quantum of Loan: Based on the borrower’s financial history and credit report, personal loans are available for requirements as low as Rs. 10,000 to as high as Rs. 15 Lakhs or 20 lakhs, depending on the bank or NBFC concerned.
    • Flexible Tenure: The tenure of a personal loan is also quite broad depending on the bank and the loan amount. Personal loans are available for a tenure period ranging from 12 months to 60 months, making it an ideal financial instrument compared to other options like credit card loan or gold loan., India's premier financial market place has collaborated with various public sector and private banks to offer customized personal loans for it's users. Users can apply for a personal loan online using online loan request tool.

    Easy Eligibility Check: The loan calculator tool at checks for the user’s personal loan eligibility instantly. The tool also offers customized quotes for all eligible users as per their financial credit history and eligibility criteria.

    Instant Quotes: The eligible loan applicants are offered instant quotes customized as per their profile and with a discounted interest rate.

    Real time Loan Comparison: also offers a simple online personal loan comparison tool allowing users to compare the loan offers of various banks. Feedback shared by previous successful personal loan applicants acts as a helpful tool for new applicants to get the best personal loan deal.

    Instant e-Approval: The applicant gets an instant e-approval after successfully submitting his or her personal loan application.

    Assured Privacy: All personal loan applications submitted with are sent electronically to the concerned bank department assuring complete privacy and transparency.

    Applying for a personal loan at involves three simple steps :

    Step 1: In the first step, the user must fill the personal loan eligibility form available online with required personal data. Once submitted the personal loan tool automatically checks for eligibility of the applicant and personalized personal loan options.

    Step 2: In the second step, the applicant can compare various personal loan options offered by the tool interface and apply for the best suitable loan.

    Step 3: The last step involves receiving an instant e-approval from after successful submission of personal loan application online.

    The application is sent electronically to the selected bank. The loan department of the concerned bank gets in touch with the applicant directly. Users can check the status of their loan application through SMS alters as well as emails.

    Compare Personal Loans from different banks

    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
    • HDFC Personal Loan:

      HDFC Bank is a market leader in personal loans offering a Personal Accidental Cover of up to 8 Lakhs along with a Critical Illness cover of 1 Lakhs with each personal loan. HDFC Personal Loan starts as low as 15.75% interest rate for salaried individuals. HDFC Bank offers a high quantum of personal loan with a complete removal of any prepayment charges after a period of 36 months. HDFC Bank offers pre approved personal loans up to Rs. 3 Lakhs for women personal loan applicants along with free access to lifestyle diva products and services.

    • ICICI Personal Loan :

      ICICI Bank personal loans are available for both salaried as well as self-employed individuals and professionals. Salaried individuals can get a maximum personal loan up to Rs. 15 Lakhs while self-employed individuals can get a loan up to Rs. 30 Lakhs. ICICI Personal Loan starts with as low as 13.99% interest rate.

    • Bajaj Finserv (Finance) Personal Loan :

      Bajaj Finance Limited is one of the most popular non-banking financial companies offering personal loans up to Rs. 25 Lakhs for salaried individuals. Bajaj Finserv (Finance) Personal Loan starts from as low as 16% interest rate for salaried individuals. Bajaj Finserv allows prepayment up to 6 times in a calendar year with a minimum amount per prepay exceeding 3 EMIs. Bajaj Finserv offers a 24/7 customer support helpline including toll free number, emails and SMS allowing users to get in touch with the company to resolve their grievances at the earliest.

    • SBI Personal Loan :

      State Bank of India, the largest public sector bank of the country is one of the most preferred banks when it comes to personal loans. SBI offers personal loans for both salaried and self-employed individuals. State Bank of India offers a personal loan up to 12 times the net monthly income for salaried individuals and pensioners subject to a ceiling of Rs.10 Lakhs. State Bank of India has streamlined it's personal loan division allowing for quick loan approval and disbursal. SBI Personal Loan schemes are offered at lucrative interest rates for various working professionals and salaried individuals from time to time.

    • Axis Bank Personal Loan:

      Axis Bank is a popular choice for personal loans as the bank aims to give personal attention to each loan applicant. The quantum of personal loan amount for Axis Bank Personal Loan is highest in it's class fixed at an upper limit of Rs 15 Lakhs. Axis Bank offers personal loans at a competitive interest rate ranging from 15.5 to 24% with zero prepayment charges. Axis Bank offers eDGE loyalty points on Personal Loans which can be redeemed for cash surplus and discounts along with multiple repayment options. For any loan related query, Axis Bank has set up a dedicated helpline for loan services available round the clock at the bank's toll free numbers. offers users the opportunity to choose from the best personal loan plans in India as per the borrower’s repayment capacity and choice of tenure. offers customized personal loan quotes from various banks and non-banking financial companies. Users can choose the most suited bank or NBFC for their personal loan requests as per it's charges and other features.

    Different banks and NBFCs have different minimum documentation requirement for personal loans. The common documents required by most banks and NBFCs for individuals requesting a personal loan include :

    Documents for Salaried Individuals:

    • Proof of Identity: Passport, Driving License, Voters ID or PAN Card
    • Proof of Residence:-Passport or utility bills
    • Latest 3 months Bank Statement of Salary Account
    • Salary slips for last 3 months.

    Documents for Self-Employed:

    • Proof of Identity: Passport, Driving License, Voters ID or PAN Card
    • Proof of Residence:-Passport or utility bills
    • Income proof: Audited financials for the last two years.
    • Last 6 months Bank statement.
    • Office address proof.

    Various banks and NBFC’s offer personal loans to all applicants fulfilling their basic eligibility criteria. While different banks have different minimum eligibility criteria, the criteria common for most banks and NBFCs for individuals requesting a personal loan include:

    Eligibility Criteria for Salaried Individuals:

    • Minimum age of applicant: 21 years
    • Maximum age of applicant at loan maturity: 58 years
    • Minimum Service Period With Current Employer: One Year

    Eligibility Criteria for Self Employed Individuals:

    • Minimum age of applicant: 24 years
    • Maximum age of applicant at loan maturity: 65 years
    • Minimum Work Experience in Current Business/Profession: Three Years
    • One or Two Passport size color photographs
    • Photo Identity Proof
    • Residence Address Proof
    • Residence Ownership Proof
    • Income Proof for Self-employed Individuals
    • Job Continuity Proof for Salaried Individual
    • Last Six Months Bank Statement:

    Different banks and non-banking financial companies offer different interest rates for personal loans. Most banks have their own unique different classification based on which interest rates are calculated. Personal loan interest rates of various banks vary from 13.50 to 18.50% depending on the eligibility criteria, the loan amount and the tenure period of the personal loan.

    EMI calculation for personal loan is now made easy using the EMI calculator available at The Personal Loan EMI Calculator tool allows users the option of changing the loan amount and tenure while calculating the EMI for the personal loan. EMI loan calculator tool is a great option allowing users to see their monthly installment for the loan, helping them to choose the most suitable loan as per their financial budget.

    Every organisation or company in the world requires one key ingredient in order to make profits – Money, and the lack of it can hamper the growth of not just a company but also an entire nation. Banks and lending institutions cater to a large chunk of the financial needs in the country, helping players establish themselves. Getting a loan, is however not as easy for someone who does not have access to banks, especially in rural areas. This is where the concept of Microfinance comes into the picture, ensuring that deserving candidates who require small to medium range loans get sufficient amounts to fund their dreams.

    With a majority of the Indian population residing in rural areas, access to banks is limited, with microfinance institutions catering to millions. The concept of inclusive growth has made them a reliable ally, contributing towards the development of the community and thereby the nation. These Microfinance Institutions offer loans to people from the lower income group, people who would generally not be in a position to avail loans from major players. The number of Microfinance Institutions in the country is steadily increasing, ensuring that finance isn’t out of reach for members of the society.

    Top 10 Microfinance Companies in India 2016

    With the number of microfinance institutions increasing on a steady basis, customers are spoilt for choice, with each MFI bringing something unique to the sector. Listed below are the top 10 MFIs in the country.

    1. SKS Microfinance - SKS Microfinance has been catering to the needs of the underprivileged community for over 18 years now, offering small loans ranging between Rs 2,000 and Rs 50,000 to such members. Apart from financial assistance, it also offers training programs to uplift the overall condition of it borrowers. A wide variety of products coupled with their vision to empower women have made SKS Microfinance the preferred choice for thousands.
    2. Sahayog Microfinance – Established in 2009, Sahayog Microfinance today has over 75 branches spread across the states of Gujarat, Chhattisgarh, Maharashtra and Madhya Pradesh. Offering loans under three categories, one can get financial aid ranging from Rs 8,000 to Rs 1 lakh, with the interest computed on a reducing basis.
    3. Ujjivan Financial Services – With a history of close to 12 years, Ujjivan Financial Services is one of the largest MFIs in the country, with a presence in over 200 districts across India. It caters primarily to women from underprivileged backgrounds, offering collateral free small loans for both groups and individuals. Individuals can avail loans ranging between Rs 2,000 and Rs 10 lakh, depending on their requirement.
    4. Madura Microfinance – Madura Microfinance is a popular name in South India, catering to Tamil Nadu and Karnataka. This MFI has the unique distinction of being named one of the most cost efficient MFIs in the world. Low interest rates combined with ease of access have ensured that deserving members get the financial aid they require. Apart from microfinance, it also concentrates on educating people, aiming to provide inclusive growth.
    5. Bandhan Financial ServicesBandhan Financial Services is one of the biggest success stories in the MFI sector, and within just 15 years of its establishment finds itself among the best in the country. It has a special interest in Eastern and North-Eastern India, aiming to provide financial assistance to develop this region. Loans ranging from Rs 1,000 to Rs 5 lakh can be availed from Bandhan, which also offers pension schemes and insurance, making it a complete service provider.
    6. Cashpor Micro Credit – With its headquarters in Varanasi, Cashpor Micro Credit provides microfinance solutions to the downtrodden across the states of Bihar, Uttar Pradesh and Chhattisgarh. Offering loans to meet multiple contingencies, one can avail financial assistance ranging from Rs 1,000 to Rs 15,000. Competitive interest rates and an onus on the needs of people have made it an extremely popular choice in this region.
    7. ESAF Microfinance – Established in 1992 in Kerala, ESAF Microfinance has been catering to the underprivileged society for over 24 years. With a presence in over 6 states and offering financial assistance to close to 7 lakh families, ESAF offers microcredit and social security services to its members. With 14 products designed to cater for different purposes, ESAF ensures that financial aid doesn’t become an impediment towards the growth of an individual.
    8. Annapurna Microfinance – Set up in 2007 with an aim to provide financial assistance to the economically weaker section, Annapurna Microfinance is one of the major players in the MFI segment today. With a worth of over Rs 100 crore and over 150 branches in 7 states, it offers financial aid to around 6 lakh people, with an aim to empower 10 lakh individuals in the next 2 years.
    9. Utkarsh Microfinance – One of the late entrants into the microfinance sector, Utkarsh Microfinance has grown to become a popular name in certain parts of the country. With over 300 branches across India, it offers a diverse range of products for both individuals and groups. Loans up to Rs 3 lakh can be availed from Utkarsh, which also offers pension assistance to uplift backward communities.
    10. Equitas MicrofinanceEquitas Microfinance was set up in 1994 with an aim to offer financial assistance to those who didn’t have access to banking products. With an onus on transparency and financial inclusion, it has grown into one of the most popular MFIs in the country, offering products for multiple purposes. The company has expanded to 7 states and has over 350 branches to ensure that financial aid isn’t too far away.

    Borrowers can take a personal loan against Mutual Funds or similar debt instruments. In case your income is lower, the mutual fund investment will make up for the lower income and it also enhances your loan eligibility. The debt instruments are a safer option and less volatile. The rate of interest charged on the loan will be lower than the rates provided for unsecured personal loan. To avail a loan against mutual fund, an application has to be filled by the joint holders of the mutual fund portfolio to seek for a loan. The loan amount sanctioned is a percentage of the value of the units held in the folio on the date of giving the loan. If the borrower defaults on the loan, then the lender can ask for the units in the portfolio to be redeemed. The proceeds will be used to pay the lender.

    Q. What is Personal loan?

    A. Personal loan is an unsecured loan that is given without any security. The end use of the money is not monitored either.

    Q. What can I use the Personal loan for?

    A. You can take a personal loan to meet any personal financial requirement or to repay your credit card bill, to buy electronic items, to take a vacation or to even meet the expenses of a wedding or any other function.

    Q. Who can apply for a personal loan?

    A. A salaried individual, self-employed professionals and self-employed non-professionals can apply for a personal loan.

    Q. What is the minimum tenure of a personal loan?

    A. Most banks will provide personal loan for a minimum of 1 year.

    Q. What is the maximum tenure of a personal loan?

    A. Most banks will provide personal loan for a maximum of 5 years.

    Q. What is the eligibility criteria to avail personal loan?

    A. The minimum age of the applicant must be not less than 21 years and the maximum age of the applicant at loan maturity must be 65 years.

    Q. Will the banks charge me a processing fee?

    A. Yes, usually the banks charge a processing fee of 2-3 percent on the loan amount. You can however negotiate with the bank to reduce the fee.

    Q. How can I repay my personal loan?

    A. Personal loan can be repaid in equal monthly instalments or EMI. You can provide a post-dated cheque or can give a standing order with your bank or through electronic transfer. Q. What is an EMI?

    A. EMI or Equal Monthly Instalment includes principal and interest.

    Q. Is part- prepayment allowed on my personal loan?

    A. Personal loans can be prepaid in parts or fully at any stage. Some banks might charge a prepayment penalty whereas some banks will not. Some banks will not allow the part-prepayment. So, check all the documents before finalising with the bank.

    Q. Will I need a guarantor to take a personal loan?

    A. No, you will not need a guarantor to take a personal loan.

    Q. Can I club my income with my spouse to take a personal loan?

    A. Yes, you can club the income of your spouse to boost your eligibility to avail a personal loan.

    Q. How much personal loan can I take?

    A. The banks do not usually let you take a loan exceeding 30- 40 percent of your net salary.

    Q. What is the minimum loan limit offered for personal loan?

    A. Generally, the minimum amount limit that one can take a personal loan is Rs.1,000.

    Q. What is the maximum loan limit offered for personal loan?

    A. Generally, the maximum loan limit is Rs.15 lakhs.

    Q. Do I need to submit any security or collateral to take a personal loan?

    A. No, you don’t have to provide any security or collateral to take a personal loan.

    Q. Do I get to choose between a fixed and a floating rate of interest for the personal loan?

    A. Yes, you have the option to choose either the fixed or floating rate of interest.

    Q. What is the rate of interest that will be charged on my personal loan?

    A. The interest rate varies from banks to banks and it is within 14-26 percent depending on your profile and the scheme that you opt for.

    Q. How many days does it take for the bank to disburse the personal loan amount?

    A. Banks disburse the loan within 72 hours to 7 working days provided all the documents are in place.

    Q. Will the banks check my CIBIL score while reviewing my application?

    A. Yes, banks refer your CIBIL score and credit report and the minimum CIBIL score requirement is 750+.

    Q. Will the CIBIL score affect my personal loan interest rate?

    A. Yes, the CIBIL score affects the interest rate offered to you. If your CIBIL score is high and if you have a good repayment history, then the bank will offer you a lower interest rate.

    Q. How will I be eligible for a relationship discount?

    A. If you have been a customer for a particular bank for a while, then the bank might reduce the personal loan interest rate or other such charges. Some banks will also provide you additional services.

    Q. What are the documents required to seek a personal loan application approval?

    A. You need to submit an identity proof as well as residence proof, your latest salary slip, form no. 16, last 6 months bank statement and a passport sized photograph that is to be affixed on the application form.

    Q. Do I need to open a bank account to service my personal loan?

    A. If you don’t have a bank account with the bank, it is not mandatory to apply for one. But, if you apply for a loan with your existing banker, then you will be eligible for a relationship discount.

    Q. How do I stop executives from calling me to let me know about other loans?

    A. Some banks let you register yourself for ‘Do Not Disturb’. The executives will not disturb you with cold sales calls.

    Q: What is the best way to apply for personal Loan?

    A: The best way to apply for an personal loan is by using the online loan application tool at The tool can be accessed on this page allowing users to choose personal loan from various banks and NBFCS as per their selection.

    Q: What is the minimum and maximum amount of Personal Loan that I can get?

    A: Various banks and NBFC’s offer personal loans ranging from a minimum amount of Rs. 1000 to a maximum amount of Rs. 15 to Rs. 20 Lakhs. The maximum and minimum loan amount depends on the underlying bank as well as the personal financial details of the loan seeker.

    Q: What is the tenure for which I can avail a Personal Loan?

    A: Various banks offer different tenure for personal loans. The most common tenure period offered by majority of banks and NBFCs ranges between 12 to 60 months.

    Q: Can I Track my Loan Application?

    A: offers it's loan applicants an active tracking tool through both email and SMS allowing them to track daily updates of their loan application.

    Q: Is my Data Safe with

    A: is India’s premier financial market place and takes utmost care in ensuring the all data is sent in electronic form with high level of encryption. does not share data with any third party other than the financial institution.

    Q: Is Personal Loan Tool Free?

    A: Yes personal loan calculator tool is totally free and the portal does not charge any fee for it's services from members.

    Happy Holiday Offer: Apply for Personal Loan through and get Rs.5,000 eCash voucher from

    What’s in the deal?

    BankBazaar is offering a “Happy Holiday Deal” for personal loan applicants from June 8th to July 7th, 2016 in collaboration with As part of the deal, customers applying on can get a Yatra eCash voucher worth Rs. 5000, once the personal loan has been disbursed by the financial institution.

    How do you avail the Yatra eCash voucher?

    • Apply for a personal loan on
    • After the personal loan is disbursed from the lender, the Yatra e-Cash voucher for a value of Rs. 5000 will be sent to the customer.
    • The e-Cash voucher will be sent to the customer’s email ID registered during the application process.
    • E-Cash points from the voucher can be added to the customer’s Yatra account using the Yatra mobile application.
    • Yatra e-Cash vouchers can be redeemed on or on the mobile application by customers.

    Key points to note:

    • The Yatra eCash voucher program will be active from 8th June, 2016 to 7th July, 2016 only.
    • Personal loans applied via BankBazaar have to be disbursed on or before August 10th, 2016, in order to avail the voucher. Voucher requests after this period will not be processed by the issuer.
    • The Yatra eCash voucher is valid only with certain partners. Products displaying the “Happy Holiday Offer Badge” will be included under this offer. The eCash deal will be valid only on one product / order per customer.
    • Customers will be eligible to participate in this deal only if they are 18 years or older.
    • The Yatra eCash voucher will be valid on online bookings until November 30th, 2016.

    *Partnering banks include:

    The gift vouchers will be dispatched on approval of a Personal Loan application made through BankBazaar portal in any of the participating banks:

    • IndusInd Bank
    • Fullerton India
    • Kotak Mahindra Bank
    • ICICI Bank
    • Tata Capital

    Happy Shopping!

    Disclaimer: BankBazaar reserves the right to modify, add or discontinue the terms and conditions at any time without any notice.

    News About Personal Loan OR Get It On Your Finger Tips Google Play

    • NABARD Extends Highest Loan Assistance to Himachal Pradesh in 2015-16

      by BankBazaar posted on July 19th, 2016

      The state of Himachal Pradesh was awarded the maximum loan assistance, of Rs 1,696.24 crore, by development bank, NABARD, in the year 2015-2016. The financial assistance was provided to address activities like crop loans and investment. Out of the entire loan extended by NABARD, credit worth Rs 644.92 crore was provided for approximately 170 infrastructural projects pertaining to bridges, flood protection, roads and playhouses. Another Rs 500 crore was extended during 2015-2016 to the state government.

      BankBazaar News About Loan
    • Personal Loans can now be procured in 10 seconds

      by BankBazaar posted on July 14th, 2016

      With State Bank of India setting the trend to sanction instant personal loans to over 10 lakh customers, banks are now using technology to give loans in a matter of few seconds. HDFC Bank has launched a model through which personal loans can be sanctioned in ten seconds through an ATM or online. HDFC Bank customers use these facilities to apply for loans from over 1500 cities in India. An ICICI Bank customer can get a sanction for a home loan within eight hours without making a physical visit to the branch. Citibank offers Instant Personal Loans for its customers based on the monthly income deposited in their bank accounts. All that an IDFC Bank customers has to do is to insert a cheque through an ATM machine to avail a personal loan. The cheque is scanned and a loan is sanctioned through the RBI clearing centre.

      BankBazaar News About Loan
    • Chhattisgarh Government to Extend Short-Term Agricultural Loans to Farmers

      by BankBazaar posted on July 11th, 2016

      In a move which is set to benefit hundreds of farmers, the Chhattisgarh state government is all set to extend interest-free, short-term agriculture loans to farmers. The announcement was made by the Chief Minister of the state who also added that loans up to Rs 5 lakh will be provided. While addressing the public via his monthly radio program, Dr. Singh added that in an effort to improve the financial condition of the ryots’, the loan limit of Rs 25,000/ha for irrigated land and Rs 20,000/ha for un-irrigated land will no longer be applicable. During the address, he also mentioned that the state authorities are ready to Dr. Singh assured people that state regime is alert and set to confront chit-fund companies and fake banking organizations.  He said that the State Government has set up laws which would take strict action against financial organizations and other such culprits who embezzle or steal money from the people.

      BankBazaar News About Loan
    • Most Personal Loan customers from South India

      by BankBazaar posted on July 8th, 2016

      Recent data released by the RBI indicates that South Indians top the charts when it comes to availing personal loans in the country. With around 20% of the population residing in the south, it comes as a big surprise that this region accounts for over 38% of all personal loans sanctioned in the country. The 5 southern states of Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu and the two Union Territories of Puducherry and Lakshadweep have witnessed a 13.6% growth in personal loans sanctions over the last year, up by 4% the previous year. The primary reason for these states to account for this huge percentage of personal loans is the high economic growth and urbanisation, in addition to enhanced awareness about the products available. Bangalore and Hyderabad, the two major IT hubs of the country have contributed immensely to this sector, with a strong demand witnessed in these two cities. States in West India came a distant second to the South when it came to personal loans, followed by North, Central, East and North-East states. An overall increase of 12.47% was witnessed across the country when it came to personal loans in 2015.

      BankBazaar News About Loan
    • Bank of Baroda to soon disburse Loans based on Credit Rating

      by BankBazaar posted on July 7th, 2016

      In a move that might change the way loans are advanced to customers, Bank of Baroda is all set to offer mortgage loans on the basis of a customer’s credit rating.  Hence, loans will be provided not on the basis of a uniform lending rate but on the basis of the credit score. Speaking on the occasion, Mr. P.S. Jayakumar, Managing Director of Bank of Baroda, said that internally, the bank has moved on to the CIBIL score based pricing, which will also help the bank minimize cases of default and help spot the right kinds of borrowers. Traditionally, banks in India have been provide credit rating based loans to corporate customers but not to retail borrowers. Customers who hold a healthy track record in terms of loan repayments and possess strong financials are likely to be extended loans at basis points which are 50 to 75 basis points cheaper, as opposed to customers who do not have a healthy credit history. Credit information bureaus like CIBIL generally rate customers between a ranges of 300 to 900 points. Customers who are not deemed to be very trustworthy are assigned a low rating while blue chip customers are usually assigned a high rating.

      BankBazaar News About Loan
    • Crop loan waiver of Rs.2,020 crore announced by Telangana Government

      by BankBazaar posted on July 5th, 2016

      The first portion of funds directed towards the adjustment of the third instalment of the crop loan waiver scheme (2014) has been announced by the Telangana Government and the amount communicated is Rs.2,020 crore. A budget release order has been issued by the Finance Department on the 25th of June this year. Crop loans can be renewed to farmers after the banks receive the money for the defaulted loans. Farmers will be able to take out more money from the banks following this huge infusion of funds. The total budgetary provision for this waiver scheme is Rs.4,250 crores.

      BankBazaar News About Loan
    • The Brahmin Welfare Corporation to offer loans to unemployed Brahmin youth

      by BankBazaar posted on July 4th, 2016

      Loans will be provided to small scale industries and unemployed Brahmin youth for up to Rs. 1 crore according to the Corporation Chairman, IYR Krishna Rao. This will be facilitated by the Brahmin Welfare Corporation (BWC). Since the Government has sanctioned Rs. 65 crore for Brahmin welfare, the Brahmin Corporation will be helping students coming from families with annual income of below Rs. 3 lakhs. The Bharati Vidya scheme will offer financial assistance to students from first standard to PG. The amount will range from Rs. 5000 to Rs. 35,000. For students pursuing higher education will get assistance up to Rs. 1.2 lakhs. Unemployed Brahmin youth can get skill development training as per the Dronacharya scheme and financial help for up to Rs. 1.5 lakhs under the Chanakya scheme. New entrepreneurs would be given Rs. 1.5 lakhs to up to Rs. 3 lakhs. This loan might be go up to Rs. 10 lakhs.

      BankBazaar News About Loan
    • In a progressive step, Axis Bank launches Microfinance Programme

      by BankBazaar posted on June 29th, 2016

      Urban Microfinance program launched by Axis Bank, is a plan through which low-income women groups get collateral free credit advantages. This is enabled through ‘TAB-based lending’ solution. It has its branches in Hadapsar, Pune, and Maharashtra. The loan facility is extended to self-employed women. These women have to be part of Joint Liability Groups (JLGs). These groups aim at income generation and entail activities like tailoring, catering, and handling general stores or novelty stores. Axis Bank is said to have announced that the loan quantum extended, on an average is about Rs.15,000.

      BankBazaar News About Loan
    • The WTC Goa plans to offer financial assistance to Micro, Small and Medium enterprises (MSMEs)

      by BankBazaar posted on June 28th, 2016

      Going in sync with the Goa Chief Minister’s push to improve entrepreneurship, the World Trade Centre will be soon offering financial support to Micro, Small and Medium enterprises (MSMEs). The demand for loans under the Pradhan Mantri Mudra Yojana was also quite low due to very less entrepreneurship opportunities. The World Trade Centre along with Micro Units Development and Refinance Agency Limited (Mudra Bank), The International Centre of Goa (ICG) and the Reserve Bank of India had organised a program, 'Microfinance: A game changer for financial inclusion' to create awareness. The program saw attendance from MSME board member, Manguirish Pai Raiker, Mudra CEO, Jiji Mammen and RBI Goa Regional Manager, Jaikish. Policy initiatives and topics on microfinance were discussed for helping entrepreneurs in the state.

      BankBazaar News About Loan
    • Jayant Sinha says that in FY 2017 banks will be disbursing Rs 1.80 lakh crore Mudra loans

      by BankBazaar posted on June 27th, 2016

      Jayant Sinha, minister of state for finance, said that in the current fiscal banks will disburse Rs 1.80 lakh crore loans under the Pradhan Mantri Mudra Yojana (PMMY) since target was met last year. In 2015, Rs 1.22 lakh crore loans was availed by 3.5 crore beneficiaries under PMMY. According to Sinha, the scheme is being improved in 2016. He said this at the financial literacy camp in Delhi. Refinance Agency Ltd (Mudra) Yojana and Micro Units Development is also to see major improvements in the near future. This includes offering technical support and the help of hand-holding borrowers for setting up business.

      BankBazaar News About Loan

    reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.