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Personal Loan

Minimum Interest Rate For Personal loan -10.99%

eligibility criteria

Your current income.

Years of work experience.

Nature of your job and the company you work for.

Your current obligations i.e. the other installments (EMIs) you are currently paying, the number of credit cards and credit limits you have or use

Your past credit history is likely the most important determinant in being able to get a personal loan

personal loan faqs
Q:- What is the best way to apply for a Personal Loan?

You can start the process of applying for a Personal Loan in any of the following ways:

Compare offers from different banks

Check your eligibility basis the income and current loans being serviced

Apply online with multiple banks, to assess the best & competitive loan offers

Q:- What criteria would Banks look at to decide my eligibility for a Personal Loan?

Among the multiple factors that a Bank considers in determining Personal Loan eligibility are:

Income of all applicants.

Age of the primary applicant

Number of dependents that the applicants have to support.

Assets and liabilities of the applicants

Stability and continuity of the primary applicant's occupation.

Q:- Can I also avail of a Personal Loan for Personal improvements or a Personal extension?

Yes! You can avail of a Personal Loan for any of the following:

Construction of a home.

Home repairs.

Home improvements.

Home extension

Q:- What are the different types of Personal Loan interest rates?

Offers of Fixed and Floating rates as explained below:

Fixed Personal Loan rates: The rate of interest applicable for the Personal Loan is fixed throughout the term of repayment of Loan.

Floating Personal Loan rates: The rate of interest applicable for the Personal Loan changes with change in the Bank's Base rate.