List of Best Banks for Personal Loan in India – Compare & Apply Online

Top Banks For Personal Loan

Top Banks For Personal Loan

Personal loans can become your first option to trust. Get your loan and make a smooth shift at the month end, sail through those rough patches with an instant loan. You want a bank that offers not only competitive interest rates but also treats you like a valued passenger, ensuring a smooth ride towards financial freedom, don’t you? If you are on a hunt for the ideal personal loan, look no further. Check this article and know the 5 best banks for personal loan with Buddy Loan. Provide unbeatable rates, flexible terms, and superior customer service, putting you on the fast track to financial success.

Quick Peek At India’s Top Trending Banks For Personal Loan!

While India boasts a wide range of choices for banks, there are 5 notable ones that consistently rank at the top.

Banks Interest rates starting from (p.a.)
SBI Personal Loan 9.60%
Axis Bank Personal Loan 12%
ICICI 10.50%
IndusInd 10.49%
HDFC 10.50%
Pouch bag filled with gold coins with a rupee symbol on it representing to apply for personal loan online

Apply for Personal Loan with Quick Approval

Exploring the Best Banks for Personal Loan

State Bank of India

SBI stands out among other banks for personal loans with its exceptional offerings and customer-centric approach. Not to forget, the competitive interest rates too!

Features:

  • Wide range of loan amounts
  • Minimal documentation
  • No collateral required
  • Top-up and balance transfer facility
  • Pre-approved loan offers

Benefits:

  • Easy and convenient application
  • Flexible loan amount and repayment options
  • Competitive interest rates
  • Transparent and ethical practices

Check your eligibility!

Age 21 – 58 years
Loan amount Up to 20 lakhs
Interest rate Starting from 9.60% p.a.
Loan tenure Up to 72 months
Minimum income requirement Rs. 15,000 p.m
Processing fee Up to 2.25% p.a. of loan amount + GST
Speed meter displayed 750 excellent shows to chek free credit score online

Check Your Credit Score for Free

Also get a Free Credit Report

Axis Bank

Axis Bank sets itself apart by redefining the banking experience. It prioritizes customer satisfaction by pioneering innovative digital solutions.

Features:

  • Personalized Banking Services
  • Convenient Digital Banking
  • Investment and Wealth Management Services (mutual funds, insurance products, and advisory services)
  • Axis Mobile Wallet, Axis Pay UPI, Axis eDGE Rewards etc

Benefits:

  • Reputation in the industry
  • Efficient processing
  • Minimal documentation
  • Foreclosure charges waived
  • Balance transfer facility

Check your eligibility!

Age 21 – 60 years
Loan amount Rs 50,000 – 20 lakhs
Interest rate Starting from 12% p.a.
Loan tenure Up to 60 months
Minimum income requirement Rs. 15,000 p.m
Processing fee 1.5% to 2% + GST
Bag full of gold coins with a rupee symbol on it shows to apply for personal loan online

Apply for Personal Loan with Quick Approval

ICICI

ICICI Bank impresses with its customer-friendly approach, offering innovative banking solutions that simplify financial management and make banking a breeze.

Features:

  • Innovative Technology Solutions (Eg. voice-based banking, biometric authentication and digital wallets)
  • Customized Saving and Investment Options
  • NRI Banking Services
  • Wide range of credit card options

Benefits:

  • Considerable interest rates
  • Value-added credit cards
  • Seamless international banking
  • Customized products and services

Check your eligibility!

Age 23 – 58 years
Loan amount Rs 50,000 – 15 lakhs
Interest rate Starting from 12% p.a.
Loan tenure Up to 60 months
Minimum income requirement Salaried:
Rs. 30,000 p.m
Self-employed:
40 lakhs p.a (non-professionals)
15 lakhs p.a (professionals)
Processing fee 1.5% to 2% + GST
Bag filled with gold coins with a rupee symbol on it shows to apply for personal loan online

Apply for Personal Loan with Quick Approval

IndusInd

IndusInd Bank stands out by prioritizing customers, delivering a perfect combination of traditional banking principles and innovative financial solutions that cater to the evolving needs of its customers.

Features:

  • Priority banking
  • Advanced technology and digital solutions
  • NRI banking services
  • Credit card benefits

Benefits:

  • Quick disbursal
  • Competitive interest rates
  • Wide network and accessibility

Check your eligibility!

Age Salaried:
21 – 60 years
Self-employed:
25 – 65 years
Loan amount Rs 30,000 to 5 lakhs
Interest rate Starting from 10.49% p.a.
Loan tenure Up to 60 months
Minimum income requirement Salaried:
Rs 25,000 p.m
Self-employed:
Rs.4.8 lakh p.a
Processing fee 3% of loan amount
Yellow bag filled with gold coins with a rupee symbol on it depicting to apply for personal loan online

Apply for Personal Loan with Quick Approval

HDFC Bank

HDFC Bank distinguishes itself as a trusted and dependable banking partner, serving its customers with simplified and customer-friendly solutions for different financial needs.

Features:

  • Competitive bank loan interest rates and pricing
  • Robust security measures
  • Wealth management services
  • Strong network, easy accessibility

Benefits:

  • Fee transparency
  • Simple payback process
  • Minimal documentation
  • Special senior corporate discounts

Check your eligibility!

Age 21 – 60 years
Loan amount Up to 15 lakhs
Interest rate Starting from 10.50% p.a.
Loan tenure 12 – 60 months
Minimum income requirement Rs. 15,000 p.m
Processing fee Up to 2.5% of the loan amount

(min of Rs. 1,999)

Gold bag filled gold coins with a rupee symbol on it means to apply for personal loan online

Apply for Personal Loan with Quick Approval

How to Choose the Best Bank for Personal Loans?

Choosing the best banks for personal loan is no joke! It requires assessing interest rates, loan terms, reputation, eligibility criteria, and customer service so that your experience feels like a walk in the park.

Here’s your easy-to-follow guide to help you sail smoothly through the process. Consider these key points and make your journey towards financial success a breeze:

  • Compare bank loan interest rates
  • Evaluate the loan terms
  • Verify fees and charges
  • Review the reputation and trustworthiness of the lender
  • Customer service
  • Check the eligibility criteria
  • Convenience and Digital Services
  • Additional benefits

Look out for hidden treasures! Discover banks offering additional benefits like flexible repayment options, top-up loans, or exclusive rewards for loyal customers.

Bag filled with gold coins with a rupee symbol on it representing to apply for personal loan online

Apply for Personal Loan with Quick Approval

Tips to Avail Personal Loan At Low-Interest Rate

Experience the magic of financial wisdom as a common man; utilize these tips to avail a personal loan at low-interest rates. Witness your dreams come true as you save money and achieve financial freedom.

  • Maintain a good credit score
  • Negotiate with lenders
  • Choose a shorter loan tenure
  • Consider a co-signer (if you have a low credit score)
  • Pay off existing debts
  • Seek professional advice

Check For Your Credit Score

In Conclusion,

The top 5 leading banks are shared here with its flexible loan tenures, interest rates and other details. With their competitive rates, customer-friendly approach, and innovative solutions, they pave the way to financial success. Choose wisely and embark on a journey towards a brighter financial future!

Download Personal Loan App

Get a loan instantly! Best Personal Loan App for your needs!!

Looking for an instant loan? Buddy Loan helps you get an instant loan from the best verified lenders. Download the Buddy Loan App from the Play Store or App Store and apply for a loan now!

Image shown of Buddy Loan Logo

Apply for Loan on BUDDYLOAN App

Interest rates starts @11.99% p.a. onwards

Download App


Image shown of Play Store Logo

Rated 4.5 on Google Play


Image shown of App Store Logo

10M+ App Installs

Having any queries? Do reach us at info@buddyloan.com