Now get a personal loan online at your fingertips with a competitive interest rate. It gets better as there are flexible loan tenures. You can now benefit the most from pre-approved personal loans online with more than
Buddy Loan provides better financial solutions to fund your marriage, medical, and travel expenses. There is more to it; you can now avail of an online personal loan for home renovation, education, and car purchases. Read on to know more about personal loan lenders, offers, interest rates and EMI options.
Personal Loan Details
| Interest Rate | 11.99% p.a. onwards |
| Loan Amount | Starting from ₹10,000 to ₹15 lakhs |
| Tenure | Flexible loan tenures starting from 6 months to 5 years |
| Processing Fees | 0.5% to 4% of the loan amount (may vary across lenders) |
| Documentation | E – Documentation (PAN, Aadhaar, Income Proof) |
Personal Loan EMI Calculator
An EMI (Equated Monthly Instalment) calculator is a tool that helps you determine your monthly payments towards your loan. It takes into account the loan amount, the interest rate, and the loan tenure to calculate the EMI.
To use a personal loan EMI calculator, you only need to enter your loan amount, loan period, interest rate, and processing fee.
Your Amortization Schedule (Yearly/Monthly)
Personal Loan Features & Benefits
Meet your financial needs with the easiest finance solution and cover all your expenses with an instant loan.
Quick Approval: Get your loan approved within minutes.
No Collateral: Get fund without risking your assets.
Low Interest Rates: Starting from 11.99% p.a.
Flexibility: Can be used for a variety of purposes.
Easy Repayment: Choose your preferred repayment tenure.
No Prepayment Penalties: No hidden charges and extra penalties.
Get Personal Loan Online Up to ₹15 Lakhs
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Best Personal Loan Offers
Personal Loan Interest Rates by Banks
Comparing the personal loan interest rates of different banks is a great way to find the most advantageous option. Taking the time to explore the different rates available can provide the opportunity to secure a better deal.
| Banks Offering Personal Loans | Interest Rates (p.a) | Processing Fee | Apply Online |
|---|---|---|---|
| State Bank of India | 10.55% onwards | 1% | Apply Now |
| HDFC Bank | 10.50% onwards | Up to ₹4,999/- | Apply Now |
| Axis Bank | 10.49% onwards | Up to 2% | Apply Now |
| Bank of Baroda | 10.65% onwards | Nil | Apply Now |
| PNB | 10.15% onwards | Up to 1% | Apply Now |
| Canara Bank | 12.05% onwards | 0.5% to 1% | Apply Now |
| ICICI Bank | 10.65% onwards | Up to 2.50% | Apply Now |
| IDFC First Bank | 10.75% onwards | Upto 3.5% | Apply Now |
| IOB | 10.85% onwards | 0.40% | Apply Now |
| IDBI Bank | 13.25% onwards | 1% | Apply Now |
| Citi Bank | 10.75% onwards | 1.50% | Apply Now |
| Bank of India | 10.75% onwards | 2% | Apply Now |
| Federal Bank | 11.49% onwards | 2% | Apply Now |
| UCO Bank Personal Loan | 12.45% – 12.85% | Upto 1% | Apply Now |
| Union Bank of India | 11.40% – 15.50% | Upto 1% | Apply Now |
| Yes Bank | 10.99% – 20% | Upto 2% | Apply Now |
| Central Bank of India | 10.95% – 12.55% | Upto 1% | Apply Now |
| Induslnd Bank | 10.49% onwards | Upto 3% | Apply Now |
| Indian Bank | 9.10% onwards | Upto 1% | Apply Now |
| RBL Bank | 14% onwards | Upto 3.5% | Apply Now |
| Bandhan Bank | 11.55% onwards | Upto 3% | Apply Now |
| J&K Bank | 12.20% onwards | Upto 1% | Apply Now |
| Karnataka Bank | 12.80% onwards | Upto 1% | Apply Now |
| Karur Vysya Bank | 13% – 14% | 3.00% | Apply Now |
| South Indian Bank | 11.55% – 14.40% | Upto 1% | Apply Now |
| HSBC Bank | 9.99% – 16% | Up to 2% | Apply Now |
| Bank of Maharashtra | 10% onwards | 1% + GST | Apply Now |
| Dhanlakshmi Bank Loan | 12.90% – 16.30% | Up to 1.25% | Apply Now |
| Punjab and Sind Bank | 10.15% – 12.80% | 0.50% – 1.00% + GST | Apply Now |
| AU Small Finance Bank | 11.00% – 30.00% | 4% + GST | Apply Now |
| Jana Small Finance Bank | Up to 28% | Up to 2% | Apply Now |
| ESAF Small Finance Bank | 14.81% onwards | 1% | Apply Now |
Note- The interest rates mentioned are subject to change. Do visit the website for more information.
Get Personal Loan Online Up to ₹15 Lakhs
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Personal Loan Interest Rates by NBFCs
Choose your loan amount from the below list of NBFCs and take advantage of some of the best interest rates.
| NBFCs Offering Personal Loan | Interest Rates (p.a.) | Processing Fee | Apply Online |
|---|---|---|---|
| Paysense | 16.00% – 36% p.a | Up to 3% | Apply Now |
| Cashe | 2.25% p.m onwards | Up to 3% | Apply Now |
| Fibe | 16% p.a. onwards | 2% + GST | Apply Now |
| Incred | 13.99- 42% p.a. | 2% – 4% | Apply Now |
| Mpokket | Up to 48% p.a. | 5% – 10% | Apply Now |
| Prefr | 18% – 36% | 3% – 5% | Apply Now |
| NIRA | 24% – 36% | 5% – 8% | Apply Now |
| Money Tap | 13% | Up to 2% + GST | Apply Now |
| Bajaj Finance | 11% to 37% | Up to 3.93% | Apply Now |
| Tata Capital | 10.99% to 35% | Up to 5.5% + GST | Apply Now |
| Money View | 1.33% p.m onwards | Starts at 2% | Apply Now |
| Muthoot Finance | 14% to 22% | 2% to 4% | Apply Now |
| L&T | 11% p.a onwards | 3% (flat) + 18% GST on Loan Amount | Apply Now |
| Upwards | 12% to 22% p.a | 2% to 4% | Apply Now |
| Zype | 18% to 39% | Depends on Lender | Apply Now |
| HDB | 12.00% to 31.00% p.a. | 3% (flat) + 18% GST on Loan Amount | Apply Now |
| LoanTaps | 12%-24% p.a. | Up to 2.50% + GST | Apply Now |
| Phocket | 24% – 36% p.a. | ₹590 to ₹11918 + GST | Apply Now |
| Pocketly | 3% p.m onwards | Depends on Lender | Apply Now |
| Loanbaba | 10.50% p.a onwards | Up to 2% | Apply Now |
| Dhani | 13.99% p.a. onwards | Depends on Lender | Apply Now |
| Faircent | 12% to 28% p.a. | Up to 3% | Apply Now |
| Finnable | 16% to 26% p.a. | 3 to 4% | Apply Now |
| Aditya Birla | 17.65% p.a onwards | up to 3% + GST | Apply Now |
| MyMoneyMantra | 10.50% p.a onwards | 3.99% | Apply Now |
| IndiaLends | 10.25% p.a. onwards | Depends on Lender | Apply Now |
| IIFL | 12.75% – 44% p.a. | 2% – 6% + GST | Apply Now |
| Sriram Finance | 12% p.a. onwards | Depends on Lender | Apply Now |
| Stashfin | 11.99% p.a. onwards | nil | Apply Now |
| Reliance | Depends on Lender | Depends on Lender | Apply Now |
| Piramal Finance | Starting at 12.99% | Up to 5% + GST | Apply Now |
| Rapid Rupee | 12% to 36% | Starts from ₹99 | Apply Now |
| Hero Fincorp | Starting at 21% | 2.5% – 3.5% | Apply Now |
| Flipkart | 10.49% – 36% | Up to 3% + GST | Apply Now |
| Paytm | As per lender | As per lender | Apply Now |
| Google Pay | Starting at 13.99% | As per lender | Apply Now |
| PhonePe | 13% – 20% | As per lender | Apply Now |
| Mobikwik | 17.99% to 35.99% | As per lender | Apply Now |
| Bhanix Finance | 2.5% p.m onwards | Up to 3% | Apply Now |
| Rupee Redee | Starting at 30% | 10% to 15% | Apply Now |
| Olyv | 18-30% p.a. | 2% to 12% + GST | Apply Now |
| Fatak Pay | 12% to 35.95% | 2.5% + GST | Apply Now |
| Privo Loan | Starting at 9.99% p.a. | As per lender | Apply Now |
| AXIO Loan | 14% to 35% p.a. | 2% + GST | Apply Now |
| Mahindra Finance | As per eligibility | As per lender | Apply Now |
| JIO Finance | Starting at 9.9% | As per lender | Apply Now |
Note- The interest rates mentioned are subject to change. Do visit the website for more
information.
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
Personal Loan Eligibility Criteria
To get a loan approved instantly, you must meet a set of eligibility criteria. Refer to the table below to know whether you are eligible for a personal loan.
| Eligibility Criteria | Salaried Individual | Self Employed |
|---|---|---|
| Age | 21-60 years old | 22-55 years old |
| Monthly income | Rs.15,000 | Rs.25,000 |
| Loan Amount | ₹50,000 – 25 lakhs | ₹50,000 – 50 lakhs |
| CIBIL Score | Above 750 | Above 750 |
Documents Required to Apply for a Personal Loan
To apply for a loan, you need to provide some basic documents as proof of your identity and income. Here’s a list of documents required for a personal loan.
Documents for Salaried Employee
- Proof of Identity: Passport, Voter’s ID, Driving License or PAN Card
- Proof of Residence: Passport or utility bills
- Proof of Income: Bank statement of salary account for the past two years
Documents for Self-Employed
- Proof of Identity: Passport, Voter’s ID, Driving License, or PAN Card
- Proof of Residence: Passport or utility bills
- Proof of Income: Audited financial of the past two years
Documents for Self-Employed
- Proof of Identity: Passport, Voter’s ID, Driving License, or PAN Card
- Proof of Residence: Passport or utility bills
- Proof of Income: Audited financial of the past two years
Personal Loan Documents for NRI
- A copy of your passport
- Visa Copy
- Your official email ID or the email ID of the HR
- Bank Statements
- Salary certificates or salary slips
- NRO/NRE bank statements of the last 6 months
- Proof of Identity, Residence, Income, and Assets
- Recent passport-size photographs of yourself and the guarantors
Types of Personal Loans in India
Personal loans, as opposed to secured loans, are unsecured loans that can be obtained without the use of collateral. Personal loans come with great flexibility with short-term loan options where you can close the EMI in a short span.
- Instant Personal Loans:
Fund a holiday or finance your child’s education. now with a collateral-free loan. The easiest way to repurpose your finances is with an instant loan. - Short-term Personal Loan:
A short-term personal loan allows you to get money quickly without having to go through a lengthy application process.These loans usually have lower interest rates than other types. - Travel Loan:
Banks offer Personal loans for travel & are quick to disburse them. You can now book & plan your dream vacation in one go! - Marriage Loan:
A personal loan for marriage covers end-to-end expenses, including venue, catering, and other arrangements. - Medical Loan:
You can now get instant approval on a personal loan for a medical emergency. Cover medical bills & treatments during emergencies. - Personal Loan for Car Purchases:
Car loans have the best advantages over other forms of financing. With competitive interest rates & longer repayment terms, you can now get a car or refurbish one to your liking. - Personal Loan for Education:
Close your tuition fees on time or admit your child to the desired school; education loans are now available at recommended interest rates.
Get Personal Loan Online Up to ₹15 Lakhs
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Location-Wise Personal Loan
A thorough selection of personal loan choices is available on our website, organized by your city & location. This makes evaluating many offers and selecting the best one simpler.
Additionally, you have the option to apply for a loan hassle-free online through our website.
Personal Loan Balance Transfer
Individuals who have a high interest rate on their existing loan or credit card and are looking to save money on their debt may benefit from this type of loan. Balance transfer loans let you transfer existing balances between loans or credit cards. Over time, individuals can save significant amounts of money by transferring the balance to a lower-interest loan or credit card.
Tips to Avoid Personal Loan Rejection
Here are some tips to improve your chances of getting a personal loan:
- Maintain a Good Credit Score: A good credit score can significantly increase your chances of getting a loan. Ensure timely repayment of loans and credit card bills to maintain a good credit score.
- Stable Employment History: Lenders prefer borrowers with a stable employment history, so having a steady job for a longer duration can improve your chances of getting a loan.
- Choose the Right Lender: Look for lenders that offer personal loans that meet your financial needs and eligibility criteria.
- Adequate Income: Lenders will check your income to ensure that you can repay the loan. Having a higher income can increase your chances of getting approved for a loan.
- Provide Accurate and Complete Information: Make sure to provide accurate and complete information while applying for a loan. This can help speed up the approval process and increase your chances of getting the loan.
- Keep your debt-to-income ratio low: A low debt-to-income ratio indicates your ability to repay the loan, increasing your chances of getting approved for a loan.
Overall, maintaining a good credit score, a stable employment history, choosing the right lender, providing accurate information, and keeping your debt-to-income ratio low can improve your chances of getting a personal loan.
Ready to take the next step? Apply now!
Get Personal Loan Online Up to ₹15 Lakhs
By entering your number, you're agreeing to Terms & Conditions & Privacy Policy.
Steps to Apply For a Personal Loan with Buddy Loan
Here’s the step-by-step process that you can follow to apply for a personal loan on Buddy Loan:
- Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
- Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
- Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
- Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
- Step 5: Enter your work details (Including company name, years of service and Designation)
- Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
- Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.
As per the details provided, suitable lenders will be allocated, and their respective details will be shared for future proceedings.
Personal Loan Repayment
Buddy Loan offers flexible repayment tenure which makes the entire repayment process easy and affordable. There are also several modes of repayment to choose from.
Modes of Loan Payment or Repayment It’s wise to choose a repayment method that works best for you and keep up with your monthly payments. This will avoid late fees and potential credit damage.
- There are several ways to repay a personal loan, including automated monthly payments: Many lenders offer automatic payment options, where the loan repayment amount is deducted directly from your bank account each month.
- Online banking: You can pay through your lender’s website or mobile app using an Electronic Funds Transfer (EFT) from your bank account.
- Phone banking: You can pay over the phone using a debit card or bank transfer.
- In-person: Some lenders have physical branches where you can pay in person.
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