Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Private Sector Bank Personal Loans in India

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 20% Fixed
    0.25% to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.50% - 19.50% Fixed
    0 One time fee
    25L Max
    1-6 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 18.49% Fixed
    2.5% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    0.25% to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 17% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 20.15% Fixed
    1% to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13% - 20% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    INSTANT DECISION
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14.00% - 16.25% Fixed
    1.25% to 1.75% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    15.95% - 18.95% Fixed
    2% One time fee
    20L Max
    1-3 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.99% - 14.50% Fixed
    0.99% to 2% One time fee
    45L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    Personal Loan BYTES FROM OUR KITCHEN

    Top 12 Private Sector Banks Providing Personal Loans in India

    1. ICICI Bank

      ICICI Bank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 5 years. In order to avail this loan, the applicant should be not less than 23 years old and the maximum age limit is 65 years. The minimum income requirement is Rs. 15,000 per month. The maximum loan amount offered is Rs. 20, 00,000. Processing fee charged on loan disbursement is 2.5% of the amount borrowed. In the event of foreclosure of the loan, a prepayment penalty of 5% (plus service tax) of the outstanding balance has to be paid by the borrower. Personal loan offered by ICICI Bank has additional benefits such as limited documentation, attractive interest rate, insurance cover for loan liability, etc.

    2. IndusInd Bank

      IndusInd Bank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 5 years. In order to avail this loan, the applicant should be not less than 21 years old and the maximum age limit is 60 years. The minimum income requirement is Rs. 25,000 per month. The maximum loan amount offered to borrowers is Rs. 20, 00,000. Processing fee charged on loan disbursement is 0.50 – 2.5% of the amount borrowed. In the event of foreclosure of the loan, a prepayment penalty of 4% (plus service tax) of the outstanding balance has to be paid by the borrower. Personal loan offered by IndusInd Bank has additional benefits such as flexible loan tenure, no requirement for collateral/ guarantor, doorstep service facility, balance transfer option, etc.

    3. Kotak Mahindra Bank

      Kotak Mahindra Bank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 5 years. In order to avail this loan, the applicant should be not less than 21 years old and the maximum age limit is 55 years. The minimum income requirement is Rs. 30,000 per month. The minimum loan amount offered is Rs. 50,000 and the maximum loan amount offered to borrowers is Rs. 15, 00,000. Personal loan offered by Kotak Mahindra Bank has additional benefits such as flexible repayment option, doorstep service facility, affordable interest rates, etc.

    4. Yes Bank

      Yes Bank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 5 years. Self-employed individuals and salaried individuals who earn regular income can apply for this loan. In order to avail this loan, the applicant should be not less than 22 years old and the maximum age limit is 58 years. The minimum income requirement is Rs. 18,000 to Rs. 25,000 per month. The minimum loan amount offered is Rs. 1, 00,000 and the maximum loan amount offered to borrowers is Rs. 20, 00,000. Personal loan offered by Yes Bank has additional benefits such as flexible repayment option, competitive interest rates, quick processing, etc.

    5. Federal Bank

      Federal Bank offers personal loan for a maximum tenure up to 4 years. Self-employed individuals and salaried individuals who earn regular income can apply for this loan. In order to avail this loan, the applicant should be not less than 21 years old and the maximum age limit is 55 years. The maximum loan amount offered to borrowers is Rs. 10, 00,000. Processing fee charged on loan disbursement is 0.50% of the loan borrowed, subject to a minimum of Rs. 500. Personal loan offered by Federal Bank has additional benefits such as flexible repayment tenure, comparatively lower interest rates, immediate processing, etc.

    6. Catholic Syrian Bank

      Catholic Syrian Bank offers personal loan for a maximum tenure of up to 60 months. Self-employed individuals and salaried individuals who earn regular income can apply for this loan. In order to avail this loan, the applicant should be not less than 21 years old and the maximum age limit is 58 years. The maximum loan amount offered to the borrower is 10X the Gross Monthly Salary earned by him/her. Prepayment penalty is charged for foreclosure of the personal loan. This will be 1% of the outstanding loan balance. Personal loan offered by Catholic Syrian Bank has additional benefits such as quick loan approval, low rate of interest, etc.

    7. HDFC Bank

      HDFC Bank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 5 years. In order to avail this loan, the applicant should be not less than 21 years old and the maximum age limit is 60 years. The minimum income requirement is Rs. 12,000 per month. The maximum loan amount offered is Rs. 25, 00,000. Women borrowers can avail personal loan from HDFC at discounted rates. All personal loan schemes offered by HDFC Bank have additional benefits such as personal accident cover worth up to Rs. 8, 00,000 and critical illness cover worth up to Rs. 1, 00,000.

    8. Axis Bank

      Axis Bank personal loan tenure extends to a maximum period of 60 months. In order to avail this loan, the applicant should be not less than 21 years old and the maximum age limit is 60 years. The minimum income requirement is Rs. 15,000 per month. The maximum loan amount offered is Rs. 15, 00,000. Personal loan offered by Axis Bank have additional benefits such as speedy loan approval, easy loan processing, limited documentation, etc. The bank does not charge any foreclosure charges or prepayment penalty. Repayment can be done via ECS (Electronic Clearing Service) or through Post Dated Cheques.

    9. RBL Bank

      RBL Bank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 5 years. Self-employed individuals and salaried individuals who earn regular income can apply for this loan. In order to avail this loan, the applicant should be not less than 25 years old and the maximum age limit is 60 years. The minimum income requirement is Rs. 25,000 per month. Maximum loan amount offered to borrowers is Rs. 15, 00,000. Processing fee charged on loan disbursement is 3% of the amount borrowed. In the event of foreclosure of the loan, a prepayment penalty of 5% of the outstanding balance has to be paid by the borrower. Personal loan offered by RBL Bank has additional benefits such as multiple loan tenure, easy documentation and quick processing, balance transfer facility, etc.

    10. Deutsche Bank

      Deutsche Bank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 4 years. Salaried individuals who earn regular income can apply for this loan. In order to avail this loan, the applicant should be not less than 25 years old and the maximum age limit is 60 years. The minimum income requirement is Rs. 25,000 per month. The minimum loan amount that can be availed is Rs. 1, 00,000 and the maximum loan amount offered is Rs. 20, 00,000. Processing fee charged on loan disbursement is 2.5% for a loan amount less than Rs. 5, 00,000 and 2% for a personal loan amount worth more than Rs. 5, 00,000. In the event of foreclosure of the loan, a prepayment penalty of 5% of the outstanding balance has to be paid by the borrower if the tenure is below 12 months. If foreclosure occurs after a 12 months tenure, then 3% prepayment penalty has to be paid. Personal loan offered by Deutsche Bank has additional benefits such as multiple repayment options, no security/ collateral, easy documentation, quick loan disbursement, etc.

    11. HSBC

      HSBC offers personal loan for a minimum tenure of 6 months up to a maximum tenure of 5 years. Self-employed individuals and salaried individuals who earn regular income can apply for this loan. In order to avail this loan, the applicant should be not less than 21 years old and the maximum age limit is 58 years. The minimum income requirement for salaried individuals is Rs. 4, 00,000 per annum Maximum loan amount offered to borrowers is Rs. 15, 00,000. Processing fee charged on loan disbursement is 2.5% of the amount borrowed. In the event of foreclosure of the loan, a prepayment penalty of 3.75% of the outstanding balance has to be paid by the borrower. Personal loan offered by HSBC has additional benefits such as flexibility in choosing loan amount, balance transfer facility, multiple repayment options, etc.

    12. Citibank

      Citibank offers personal loan for a minimum tenure of 1 year up to a maximum tenure of 5 years. Salaried individuals who earn regular income can apply for this loan. In order to avail this loan, the applicant should be not less than 26 years old and the maximum age limit is 60 years. The minimum income requirement is Rs. 30,000 per month. Maximum loan amount offered to borrowers is Rs. 30, 00,000. Processing fee charged on loan disbursement is 2% of the amount borrowed. In the event of foreclosure of the loan, a prepayment penalty of 2% (plus service tax) of the outstanding balance has to be paid by the borrower. Personal loan offered by Citibank has additional benefits such as flexible loan tenure, quick approval and loan disbursement, balance transfer facility, etc.

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