Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 SME (Small and Medium Enterprises) Loans

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
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    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Fees & Charges
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    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
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    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
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    Good to Know
    Eligibility Criteria
    10.99% - 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
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    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
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.25% Fixed
    0 One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    SME (Small and Medium Enterprises) Loans is Rated as "Great!" by 76020 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    What is SME Loan?

    Small and medium enterprises are critical for the country’s economic and social development. SME is the biggest employment provider next to agriculture. The SME plays a major role in creating jobs and generating income for the low income group. SME fosters economic growth, social stability and contributes to the development of the private sector.

    Access to financial services is vital for the SME sector to survive in any economy. SME Loan is offered to fund small and medium sized enterprises. There are various banks in India that work hard to provide SME finance to the small and medium enterprises.

    Objective of SME Loan Policy

    The SME loan policy has been framed keeping in mind the following objectives:

    • To improve credit flow to SME sector.
    • To formulate norms to SME sector to ensure that the adequate and timely credit is available to the sector.
    • The SME Loan policy also provides guidelines to the branches offering credit to the SME sector and to formulate norms of lending to the SME sector.
    • To devise an organisational structure to handle SME credit portfolio in a focused manner.

    Scope of SME Loan policy

    The policy will cover the following:

    • Composition of the SME sector
    • Guidelines on lending to the SME sector
    • SME loan factory model
    • Policy on credit rating and pricing
    • Identifying thrust industries
    • Discretionary lending powers
    • Training needs
    • Reporting and monitoring system

    Classification of SME Segment

    SME Segment consists of the following:

    Micro Enterprises

    If it is a manufacturing enterprise, it will have up to Rs.25 lakh invested in plants and machineries. If it is a service sector enterprise, then up to Rs.10 lakh will be invested in equipment.

    Small Enterprises

    If it is a manufacturing enterprise, it will have above Rs.25 lakh and up to Rs.500 lakh invested in plants and machineries. If it is a service sector enterprise, then above Rs.10 lakh and up to Rs.200 lakh will be invested in equipment.

    Medium Enterprises

    If it is a manufacturing enterprise, it will have above Rs.500 lakh and up to Rs.1,000 lakh invested in plants and machineries. If it is a service sector enterprise, then above Rs.200 lakh and up to Rs.500 lakh will be invested in equipment.

    Target for SME Sector lending

    Banks are advised to fix their own targets to achieve the 20% yearly growth in credit to the SME sector. Banks are advised to ensure that 60% of the total advances to small enterprises must go to micro enterprises.

    40% must got to micro manufacturing enterprises who have up to Rs.5 lakh invested in plant and machinery and micro service enterprises that have up to Rs.2 lakh invested in equipment.

    20% must got to micro manufacturing enterprises who have above Rs.5 lakh and up to Rs.25 lakh invested in plant and machinery and micro service enterprises that have above Rs.2 lakh and up to Rs.10 lakh invested in equipment.

    SME Finance for New Business

    SME loan is offered to finance a new business as well. The main reason why most small and medium enterprises shut down is that they don’t receive financial assistance at the need of hour and they won’t have working capital or any funds to buy plants and machinery to function.

    SME Loan Eligibility Criteria

    The following entities are eligible to avail SME loan:

    • Sole proprietorship firms
    • Partnership firms
    • Private limited companies
    • Public limited companies
    • Manufacturing, trading and service units
    • The firms must have made profits in the last two years
    • The firms must be defined under MSMED Act and by Reserve Bank of India.

    SME Finance Procedure

    The following procedure must be followed by the borrower:

    • Fill up the SME Loan application form and submit it with the bank.
    • Submit all the documents required to the bank as well.
    • Get the loan sanctioned and service it on time.

    Documents required for SME Loan

    The documents required are as follows:

    • Certified copy of Memorandum and Articles of Association or certificate of incorporation or certificate of commencement of the business as the case may be.
    • Audited last 3 years’ financial statement of the unit and of the associate concerns, if any.
    • Present shareholders list.
    • List of directors or partners.
    • IT or wealth tax assessment order or returns for the last 3 years.
    • Last three year’s sales tax return and assessment order.
    • Copy of ration card, passport, voter ID of promoters, directors or guarantors.
    • Photographs of promoters, directors or guarantors.
    • Bio-data and net worth statement of promoters, directors or guarantors.
    • Title documents of land and building on which the unit is being operated.
    • Government order to convert land to industrial land.
    • Site map of the land and the building plan.
    • Estimate of the building by the architect.
    • Quotations from machine suppliers for the plant and machinery.
    • Write up about marketing.
    • Copies of sanction letter for present credit facilities must be provided.
    • SSI registration certificate.
    • NOC from pollution department.
    • Power sanctioned and installed.
    • Detailed project report.
    • Details of technical personnel’s and key managers.
    • Manufacturing process and its flow chart.
    • Sale or lease deed copy of collateral securities.
    • List of plant and machinery.
    • Collaboration agreement, if required.
    • Agreement with technical consultants, if any.

    Factors the banks must consider while lending to SME Sector

    The bank must comply by the following focal points while lending to the SME Sector:

    • The application form must be free, easy to understand, simple and standardized.
    • The application form must be acknowledged in writing.
    • The loan applications are to be disposed of within a stipulated time. Credit limits up to Rs.2 lakh must be disposed within 2 weeks, credit limits up to Rs.5 lakh must be disposed within 4 weeks and credit limit exceeding Rs.5 lakh must be disposed within a reasonable time frame of 4 weeks.
    • The loans that are sanctioned must be disbursed within 2 working days.
    • If the application is rejected, then a written reason for the rejection should be conveyed to the applicant.
    • Collateral must not be insisted for credit up to Rs.10 lakh.
    • Working capital limits to SME manufacturing units is based on the minimum of 20% of its projected turnover.
    • If loan up to Rs.5 lakh is not sanctioned, then no processing charges to be recovered.
    • The credit rating system’s parameter is to be shared with the borrower.
    • Prepayment without prepayment charges is allowed for prepayment of loans up to Rs.5 lakh.
    • Deposits or third party products are not to be insisted for sanctioning credit.
    • To be in regular contact with the borrower and to provide counselling services to help borrower deal with their problems.

    Facilities offered to SME Units

    Following are the facilities offered to the SME units:

    • Term loan or demand loan or deferred payment guarantee
    • Working capital through cash credit, overdraft etc.
    • Bill purchase or discounting
    • Export credit facilities
    • Foreign or Inland letter of credit
    • Bank guarantees
    • Standby letter of credit

    SME Finance for Women

    Most of the women entrepreneurs are found in the small scale units. These units are managed by one or more women who have stake not less than 51% in the equity. The banks have realised that there are many such units that need help, hence specific products are offered to the women entrepreneurs to meet their working capital requirement, to expand their business, alteration and renovation of hotels, restaurants or lodges or to acquire plant and machinery, etc.

    Loan are also provided for establishing catering units for selling tiffin or food or lunch packs. Other loans offered are:

    • Loan for beauty parlour
    • Loan for day care centre
    • SME easy loan to meet the working capital requirement
    • Loan against Property
    • Shree Shakti package

    SME Loan Interest rate

    If the loan is provided to the SME category, the rates applicable to Micro, Small and Medium enterprises are to be applied.

    The SME loan interest rate starts at 12% per annum. Please check with the bank, the rate they are offering before applying for the loan.

    Charges applicable on SME Loan

    Following are the applicable charges:

    Processing fee Up to 1% of the loan amount plus taxes.
    Renewal fee Up to 0.50% of the loan amount plus taxes.
    Commitment charges

    Average utilisation of the loan is more than 40% - Nil

    Average utilisation of the loan is less than 40% - 0.50% per annum on the difference in the actual amount utilised and average quarterly utilisation of 40%.

    This charge is applicable for cash credit and overdraft facility.

    Stamp duty charges As per the applicable laws
    Prepayment charges

    2% if loan is prepaid after 6 months from the date the loan was sanctioned.

    4% if loan is prepaid within 6 months from the date the loan was sanctioned.

    Penal interest 2% additional on existing rate of interest for not submitting insurance or stock statement.
    ROC filling charges Rs.3,000 per filing.
    Issuance of solvency certificate Rs.10,000 per solvency certificate.
    Cheque swap charges Rs.500
    Repayment schedule charges Rs.200
    Rebooking charges Rs.1,000

    SME Loan application

    The borrower will have to fill up the following sections in the SME loan application:

    General Details:

    • Name of the entity
    • Registered address of the entity
    • Operating address of the entity
    • Date of incorporation
    • Name of the contact person
    • Telephone and mobile number
    • Email address
    • Constitution code
    • Industry code
    • Nature of business
    • PAN number
    • Sales Tax or Service Tax number

    Financial Details:

    • Details of bank account and credit facility from banks
    • Details of associates and group entities
    • Financial information that includes net sales or total income, operating profit, net profit after tax and tangible net worth.
    • Credit facilities that you have applied for
    • Basis of cash credit limit applied
    • Details of machinery if it is a Term Loan
    • Security details of the company

    Other Details:

    • Details of promoters of the entity, which must include name, date of birth, gender, marital status, PAN number, nationality, residential address, contact number, email address, business experience, and shareholding and DIN number.
    • Personal details of guarantor. This includes name, date of birth, gender, marital status, PAN number, nationality, residential address, contact number, email address, net worth and relationship with the borrower.

    Additional Details:

    This section includes the statutory obligations status, such as:

    • Registration under Shop and Establishment Act
    • Registration under MSME
    • Drug License
    • Latest Sales Tax Return filed
    • Latest ITR filed
    • Any other stipulated dues remaining

      • You will also have to fill up details of premises held by entity and business details with corporates.

    Finally, the application form must be duly signed and the bank will give you the acknowledgement receipt of the loan application.

    Banks offering SME Loans

    ICICI Bank Offer SME Loans

    Following facilities are offered by ICICI Bank:

    • Cash credit or overdraft facility to provide working capital finance requirement.
    • Export Credit to pre-shipment and post-shipment finance
    • Bank guarantees
    • Term loans

    SBI Bank Offer SME Loans

    SBI offers SME Collateral Free Loan to meet working capital requirements and term loans for construction.

    IDBI Bank SME Loans

    IDBI Bank offers SME Smart Line of Credit and the following facilities are provides:

    • Term loan
    • Working capital loan, fund and non-fund based.

    HDFC Bank Offer SME Loans

    The following facilities are offered:

    • Working capital finance
    • Working capital for contractors
    • Term loan
    • Loan against assets
    • Commercial or construction equipment finance
    • Business loan
    • Healthcare or medical finance
    • Rural loans
    • Working capital finance to transporters
    • Loans for professionals
    • Commercial vehicle finance
    • Dealer finance

    Axis Bank Offer SME Loans

    SME Fast Track loan offers the following facilities:

    • Financing non-priority sector entities
    • Overdraft against property
    • Financing priority sector entities
    • Term loan against property
    • Lease rent discounting
    • Zero collateral loans to SSI units
    • Business loans for property
    • SmartSwipe Credit Line

    PNB Bank Offer SME Loans

    The schemes offered are as follows:

    • SME Sahayog scheme
    • PNB Artisan Credit card
    • PNB Laghu Udyami Credit Card
    • Scheme for Advances to Small Road Transport Operators
    • Scheme for Advances to Owner-Driver of Taxi
    • PNB General Credit Card Scheme
    • Scheme for Financing of Individual Business Correspondent agents deployed by the Bank for carrying out Financial Inclusion works.

    Bank of India Offer SME Loans

    The following facilities are offered by Bank of India:

    • Star SME Liquid Plus
    • Star SME Auto Express
    • Contractor Line of Credit
    • Star SME Education Plus
    • Star SME Term Loan
    • Star SME LAghu Udyami Samekit Loan

    Bank of Baroda (BOB) Offer SME Loans

    Following products are offered to the SME Sector:

    • Baroda SME Gold Card
    • Baroda SME Loan Pack
    • Baroda Overdraft against Land and Building
    • Baroda Vidyasthali Loan
    • Baroda Arogyadham Loan
    • Scheme for financing existing SME Customer or Current Account holder for purchase of new vehicles.

    Canara Bank Offer SME Loans

    Various schemes are offered for:

    • Capital investment
    • Working capital
    • Composite requirements
    • Others

    Indian Bank Offer SME Loans

    Indian Bank participates in the following schemes:

    • Prime Minister’s Employment Generation Programme
    • Revival, Reform and Restructuring Package for Handloom Sector
    • Weaver’s Credit Card Scheme
    • Artisan Credit Card Scheme
    • Credit linked Capital Subsidy Scheme for Technology Upgradation of Micro, Small and Medium Enterprises
    • Credit Linked Capital Subsidy Scheme for Technology Upgradation Fund Scheme for Textile Units
    • CGTMSE

    Union Bank of India Offer SME Loans

    Union SME Plus is offered to meet:

    • Working capital requirement.
    • To meet the increase in cost of raw materials.
    • Genuine credit to tide over liquidity crunch.
    • To realization of book debts.

    Tamilnad Mercantile Bank (TMB) Offer SME Loans

    MSME Credit scheme is offered to:

    • Provide working capital requirement.
    • To provide Fund Based and Non-Fund Based Limits to provide credit to Micro, Small and Medium Enterprises.
    • Credit Guarantee Fund Scheme for SSI.

    Small Industries Development Bank of India (SIDBI) Offer SME Loans

    The following are the schemes offered by SIDBI:

    • National Equity Fund Scheme
    • Technology Development and Modernisation Fund Scheme
    • Composite Loan Scheme
    • MAhila Udyam Nidhi Scheme
    • Scheme for Financing activities relating to marketing
    • Equipment Finance Scheme
    • Venture Capital Scheme
    • ISO 9000 Scheme
    • Micro Credit Scheme

    News About SME Personal Loan

    • SMEs demand reduction in interest rates

      Industrial Associations of Nagpur have opined that the small and medium scale enterprises should be getting loans at a reduced rate. They also expect a Union Budget announcement on rate cut off for loans offered by banks to SMEs. According to the associations, companies in India get loans at interest rates from 13% to 16%, which is much higher when compared to the global standards. However, large corporations are able to negotiate the amount to acceptable terms. Such a negotiation is not possible for SMEs and they have to settle for the terms and conditions put forward by the banks.

      3rd February 2017

    • Indian Bank plans to disburse Rs.100 crore retail and SME loan in Bengaluru zone

      Indian Bank has been conducting a loan mela from 1st September, which will run until 31st December at Peenya Industries Association premises. The zonal manager of the bank, Sudhir Ghaie, said that Rs.100 crore will be disbursed at the mega loan mela being held on 25th September, through retail and SME loans in the Bengaluru zone. The bank has already disbursed Rs.37 crore until now and has sent another Rs.70 crore for approval to its headquarters.

      20th September 2016

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  • SME (Small and Medium Enterprises) Loans Reviews

    • Bank Bazaar Customer Support
      "Love to Use Bank Bazaar website"
      0.5 4.0/5 "Great!"
      I am happy with Bank Bazaar, whatever the coordination which they gave is great. I love Bank Bazaar website always to use. Its very convenient to use and access. It has all options to check on financial needs. But I would like to suggest, Bank Bazaar executives should be more clear with their process.
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 23, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved"
      0.5 2.0/5 "Expected more"
      Due to improper coordination from ICICI, the loan application got closed. From Bank end there was no response on right time. They reached me after three days of my request and collected the documents finally it got closed without any intimation.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Instant loan "
      0.5 4.0/5 "Great!"
      They have started a new process with the HDFC personal loan. We can apply the Personal Loan through net banking and we just need to apply the documents in the portal and within 15 hours they have provided me a credentials id & password where I have tracked my personal loan application . The loan got approved within 24 hours of time. The banking service is really good and giving instant service to the customers. I am happy about the loan amount. The required amount has been given by HDFC bank. The Value added service like vouchers and online purchasing offers were given. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 1
      , lucknow
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Customer oriented service"
      0.5 5.0/5 "Blown Away!"
      The bank bazaar gives a prompt response and the regular follow to their customers. I really appreciate the bank bazaar effort which was given to the customer in terms the service, follow up in any case. The customer service and the response is really good with bank bazaar. The bank bazaar web site is easy to use and user friendly.
      Was this review helpful? 2
      , lucknow
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "They be clear about the percentage"
      0.5 4.0/5 "Great!"
      HDFC charged me 14.75% of interest for the amount of Rs.5 lakhs it is higher side compared to other competitor. But Initially they committed they were providing around 11% but finally it was processed it for 14.75%, But I am happy with their service, they done fast loan. process. I would like to suggest them, to clear information about the interest rates.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Overall good"
      0.5 4.0/5 "Great!"
      The customer services are good and very much satisfactory at Bankbazaar. I was contacted instantly and the process is smooth. The website is overall good, it would be better if there are more options of banks on the portal to choose from with a lesser rate of interest.
      Was this review helpful? 0
      , ernakulam
      Reviewed on Jun 23, 2017
    • ICICI Bank Personal Loan
      "Below average service"
      0.5 1.0/5 "Really Bad"
      I haven't got any kind of response from the ICICI bank . It was me who took initiative and made a follow up with the ICICI bank executives to get the personal loan but still no one gave proper responsefrom ICICI bank, that was the reason I haven't proceed my personal loan application with ICICI bank. The rate of interest is bit high , when compared with others. I would say it was a below average service.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 23, 2017
    • ICICI Bank Personal Loan
      "High on ROI & charges"
      0.5 3.0/5 "Satisfactory"
      I did not go ahead with ICICI Bank because I was offered a high rate of interest. I got a rate of around 15% where as I was getting lesser rates from other banks for the personal loan. The services and response was on time and there were couple of follow up calls too.
      Was this review helpful? 1
      , ernakulam
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Userfriendly website"
      0.5 4.0/5 "Great!"
      As per the loan application status, Bank Bazaar gave me good follow up and I got good response from Bank Bazaar. I am using Bank Bazaar website is good to compare the interest rate. I would like to suggest Bank Bazaar should give multiple option, so the customer will have a choice to chose an another bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • ICICI Bank Personal Loan
      "Loan process should be fleixible"
      0.5 2.0/5 "Expected more"
      ICICI was looking for last six bank transactions, I have an account with SBI but I have a transaction around five years. Hence ICICI have rejected my personal loan application. I have submitted all of my documents, they have check my credit score as well finally they rejected it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Excellent very very good service provided by bank bazaar .com and very very happy for simple loan apply process and sanction your amount and fast service and any executive service and fast information & loan section and comfortable with any language.
      Was this review helpful? 1
      , patna
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "The best"
      0.5 5.0/5 "Blown Away!"
      The services at Bankbazaar has been great and the process is smooth. They are very professional and they are the best in handling a customer. The follow up calls was much and they showed interest and they valued the customer. The website is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      Bank Bazaar is an excellent service provider, I am getting good and satisfactory service. Whenever I looks for any financial products through Bank Bazaar. I am happy about that, I came to know Bank Bazaar through google search. I have been using it for three years its good.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Perfect service"
      0.5 5.0/5 "Blown Away!"
      My friend has referred me to go with bank bazaar to get an credit card and I have downloaded bank bazaar mobile application and I have started applying for credit cards and personal loan. The bank bazaar mobile application is easy to use and user friendly rather I would say it is also useful for the financial management,. The customer service with bank bazaar is very good and supportive to the customers.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 23, 2017
    • ICICI Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      The ICICI bank gave a call and asked me from which company I am receiving the salary and I told my company name but I am receiving the salary from 2 different company names , so very next day I got a text from ICICI bank saying that My personal loan application got cancelled. The customer service and the response was good with ICICI bank. The rate of interest is nominal with ICICI bank. I would say it was an average service from ICICI bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Looking for better feature"
      0.5 3.0/5 "Satisfactory"
      Standard Chartered customer service is good, when I applied for the personal loan they called and collected my documents. They done a verification process over the phone call but they have not visited my place to verification. Loan process got delay, Then I almost waited for two weeks, the time which they committed to disbursed the amount, I did not receive it and finally my application got closed.
      Was this review helpful? 0
      , noida
      Reviewed on Jun 23, 2017
    • Bank Bazaar Customer Support
      "Very Good service"
      0.5 4.0/5 "Great!"
      Looks like the site is loaded with full of information. I am expecting bankbazaar to bring in more partner banks. I got to know about bankbazaar through advertisements. I am with bankbazaar for a long time. I had applied for a personal loan through this channel the site is very much easy to use and user friendly.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Satisfactory service"
      0.5 4.0/5 "Great!"
      SCB took around a week's time to disburse my personal loan. Both customer service and response e was really good with SCB. I initially approached online and later changed the channel and I got the loan through some other channel. Rate of interest is very much nominal with SCB. The required loan amount was disbursed by SCB and I am very much happy about it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2017
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      My personal loan is from HDFC Bank and the I got the loan in a jiffy. The bank has offered me a good deal on the interest rate and they were decent in the charges as well. The paper work is simple and overall I have no issues even for the after loan services.
      Was this review helpful? 0
      , nagpur
      Reviewed on Jun 23, 2017
    • Standard Chartered Bank Personal Loan
      "Dissatisfied service"
      0.5 1.0/5 "Really Bad"
      First time I received a call from Standard chartered and they visited took my document from me. Then there was no response from Standard chartered end, their customer service is very bad, after getting my documents they didn't communicate anything about the application status.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
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