10 Best Banks for Personal Loan in India – 2018 Review

-



I know it’s difficult to manage your finances smoothly because of higher costs of living.

People go for a personal loan when there is a cash crunch. It’s easy to get a personal loan for expenses like foreign vacation, renovation of your dream house, traditional Indian marriage, or any other obligation.

Disclaimer: I won’t recommend anyone to take personal loan unless it’s absolutely necessary. Reconsider your decision if you can manage your finances without a personal loan.

But if you have already made your decision but just looking for the best bank that gives best offers on personal loan then keep on reading till the end.

Unlike in other kinds of loans, in a personal loan there is no restriction on how the borrowed amount is utilized as the borrower has full freedom to use the money for any purpose except for gambling.

In general, banks do not ask for any collaterals as security while approving these personal loans. Hence these loans are quick and can be easily availed.

However, interest rate could be a hindrance since that is the main cost associated with your personal loan. The higher the interest rate the more you end repaying. Besides, there are other factors in play such as processing fees, preclosure charges, and so on.

Therefore it would be wise to choose the best bank for your personal loan by comparing interest rates, processing fees, preclosure charges, eligibility criteria, and other such important factors.

Keeping that in mind, let’s take a look at the list of 10 best banks for availing personal loan in India.
Click Here to Apply for a Personal Loan Today


 #1. State Bank of India Personal Loan 

 #2. ICICI Bank Personal Loan

 #3. HDFC Bank Personal Loan

 #4. Kotak Mahindra Personal Loan

 #5. Axis Bank Personal Loan

 #6. CitiBank Personal Loan

 #7. Bajaj Finserv Personal Loan

 #8. Bank of Baroda Personal Loan

 #9. Standard Chartered Personal Loan

 #10. Tata Capital Personal Loan






Comments

  1. Angad IyerFebruary 18, 2024 at 11:46 PM

    Embarking on a financial journey? Consider the possibilities with a 2 Lakh Loan. Your insights into the application process and eligibility criteria are instrumental in helping individuals make informed decisions about their financial future.

    ReplyDelete
  2. Rahul RaiMarch 15, 2024 at 3:22 AM

    Securing apersonal loan for ₹1 lakh can be a practical solution for immediate financial needs. Ensure to evaluate terms carefully for a smooth borrowing experience.

    ReplyDelete

Post a Comment

Popular posts from this blog

Types of credit cards in India

-
Image
Credit cards, also known as plastic money, have become a rage in recent times as lots of people are experiencing its benefits. In recent times, the credit card companies are not only providing security for cash but also give many additional features too. 24-hour instant cash access is the major advantage of credit card and major banks in India provide varieties of credit cards. Here we discuss the major types of credit cards available in India. The features and benefits of credit card may differ from company to company. This article highlights the common features of different types of credit cards. Gold Credit Card: Gold credit cards are made for higher income groups who also have higher credit rating. It is a status symbol and is considered prestigious. The features of gold credit cards are: Cash withdrawal limit is higher Credit limit is higher Provides one Add-on card which can be given to either, spouse, children or parents of the credit card holder Provides
Read more

How to Improve your Credit Score?

-
Image
Making timely payments in full is key in establishing, or improving, a good score. And since details about your payment history, including late or missed payments, are considered public record and can stay on your credit report for years, you should aim to pay as much of their monthly balance as you can, on time, every time. The snowball method, in which you pay off the smallest of your debts first, then move on to the next largest, is a popular way to do that. Redd Horrorcks, a self-employed voice actress, using this method, paid $39,000 in credit card debt in five years. Click Below to Improve Your Credit Score Aside from paying in full and on time, look to reduce your credit utilization rate, too, which is the ratio of how much you've spent on your credit card versus the card's limit. "The smaller that percentage is," according to Bankrate, "the better it is for your credit rating." "Even if you pay balances in full every month, you s
Read more