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Personal Loan

Embrace the boundless opportunities that life presents with our hassle-free personal loan solutions, empowering you to achieve your dreams on your terms.

Apply for Personal Loan




    Instant personal loan service provider company in Delhi, Noida & Sonipat

    We understand that life's financial needs can arise unexpectedly, and we are here to provide you with the necessary support. As a leading personal loan company, we are committed to offering you personalized solutions that cater to your unique requirements. Whether you need funds for medical expenses, debt consolidation, home improvements, or any other purpose, our experienced team is dedicated to guiding you through the personal loan process with ease.

    We believe that everyone's financial circumstances are different, and that's why we offer a range of flexible personal loan options tailored to your specific needs. Our loan products include fixed-rate loans, variable-rate loans, and lines of credit. With competitive interest rates, flexible repayment terms, and loan amounts that suit your budget, we ensure that you find the ideal personal loan solution that meets your financial goals. Our expert loan officers are ready to assess your situation and help you choose the best loan product for your long-term plans.

    What are the documents required for Personal Loan?

    • Application form with photograph duly signed
    • Valid Passport(Optional)
    • Voter ID Card
    • Aadhaar Card
    • PAN card
    • Valid Driving License
    • Salary Slips, Bank Statement and Form 16 as an Income Proof.
    • IT Returns and financial statements for the last 3 years.
    • Processing fee cheque
    • Last six-month bank statements
    • Informal income documents
    • Copy of Allotment letter/Seller's Agreement
    • Receipt/s of payment made to builder/ developer

    We finance properties in Delhi district as well as in panchayats nearby to the city. We shall get you the benefit of PMAY if you are eligible. KG Loan has amazing offers for rural housing with great penetration in its segment. We are specialized in providing home loans to un-served, unreached and under-served market. We offer the most competitive pricing and easy repayment plans to of borrowers seeking home loans in Delhi.

    Frequently Asked Questions

    How do I qualify for a personal loan?

    Qualifying for a personal loan typically involves factors such as credit score, income, employment history, and debt-to-income ratio. Our expert loan officers will assess your financial situation and guide you through the qualification process, ensuring you meet the necessary criteria.

    What documents are required to apply for a personal loan?

    Generally, you will need documents such as identification proof, income documents (pay stubs, tax returns), bank statements, employment verification, and proof of residence. Our team will provide you with a comprehensive checklist and assist you in gathering the necessary documentation.

    What are the interest rates and repayment terms for personal loans?

    The interest rates and repayment terms for personal loans vary depending on factors such as creditworthiness, loan amount, and loan term. Our personalized loan solutions offer competitive interest rates and flexible repayment options to ensure you find a plan that suits your budget and financial goals.

    How long does it take to get approved for a personal loan?

    1. The approval process for a personal loan can vary depending on factors such as the completeness of your application, the accuracy of your information, and the verification process. At KG Loan Expert, we strive for quick approvals, and our streamlined application process helps expedite the decision. You can expect to receive an update on your application status within a few business days.

    Personal Loan, Your Ultimate Financial Gold!

    Personal Loan offers various benefits such as:

    Financial Freedom

    Get the financial freedom to pursue your dreams, whether it’s a vacation, home improvement, or education, without dipping into your savings.

    Speedy Solutions

    With quick approvals, personal loans offer swift access to funds, ensuring your dreams become a reality when you need them most.

    No Collateral, No Worries

    Enjoy the benefits of an unsecured loan. Your assets remain safe while you secure the funds you need.

    Easy Budgeting

    Be it personal loan service in Sonipat or Noida, Personal loans come with fixed interest rates and predictable repayment plans, making budgeting a breeze.

    Debt Simplification

    Consolidate high-interest debts into one manageable loan, reducing interest payments and simplifying your financial life.

    Why Choose Us for Getting Personal Loans?

    Are you in search of a trusted personal loan provider in Delhi, Noida, or Sonipat? Look no further! We understand that when it comes to your financial needs, you deserve nothing but the best. Here’s why KG Loan Expert Pvt. Ltd. is your ideal choice for securing personal loans:

    1. Personalised Solutions: We don’t believe in a one-size-fits-all approach. Our loan solutions are customised to fit your unique requirements.

    2. Speed and Efficiency: We understand the urgency of your needs. Our quick approval process ensures you get the funds you need in no time.

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    3. Transparency: We believe in clear and transparent dealings. There are no hidden fees or surprises when you choose us.

    4. Expert Guidance: Our team of seasoned professionals is always available to provide expert advice and guidance, ensuring you make informed decisions.

    5. Local Expertise: We are a top personal loan provider in Noida, Delhi, and Sonipat, which means we understand the local financial landscape and can offer solutions tailored to your region.

    Let’s make your dreams come true together. Contact us today to take that crucial first step!

    At KG Loan Expert Pvt. Ltd., we’re on a mission to turn your dreams into reality! We understand that your dreams and aspirations are as unique as you are. That’s why we’ve crafted a range of personalised personal loan solutions to help you unlock those dreams, no matter how big or small. Whether you’re yearning to renovate your home, provide the best education for your child, plan the wedding of your dreams, or escape on that long-awaited vacation, our personal loans are designed to make it all happen, and they’re closer than you think!

    Our commitment to you is simple: we want to empower you to turn your dreams into reality. That’s why we offer quick approvals and hassle-free processes, ensuring that you can access the funds you need precisely when you need them. Your dreams are just a step away from becoming a reality, whether you want an instant personal loan in Delhi and KG Loan Expert Pvt. Ltd. is here to make it all possible!

    Contact Us for Your Personal Loan Needs

    Have questions about personal loans? Ready to take the next step towards fulfilling your dreams? Get in touch with KG Loan Expert Pvt. Ltd. today for an instant personal loan in Delhi. Our dedicated team is here to provide you with expert guidance and personalised assistance throughout your personal loan journey.

    LET US HELP YOU FIND THE BEST PERSONAL LOAN

    Banks Rate of Interest Processing Fee Loan Amount Prepayment Charges Disbursal Time Part Payment Option
    Yes Bank 10.45% - 16.99% Upto 2% Rs.100,000 - Rs.20,00,000 Nil Above 7.5Lacs 48 Working Hours No
    IDFC First Bank 10.49% - 25% 2% - 2.5% Rs.100,000 - Rs.1,00,00,000 5% of Principal outstanding 24-48 hours Yes
    Kotak Bank 10.50% - 16.99% 0.99% - 2.5% Rs.100,000 - Rs.20,00,000 Zero (if loan Amount is more than 10 lakhs) Else 5% 3 - 4 working days Yes
    HDFC Bank 10.75% - 13.45% upto 3999 + GST Min. 50,000 Max. as per eligibility Nil (For Loan amount>10 lakhs and 12 EMI paid), else 4% 3 - 4 Days No
    ICICI Bank 11% - 17.50% Rs.999 for Special offers otherwise 1% - 2.5% Rs.50,000 - Rs.20,00,000 Nil (For Loan amount >10 lacs & 12 EMI paid), else 5% 3 - 4 working days No
    Standard Chartered 11.00% - 12.50% 1% Rs.1,00,000 - Rs.50,00,000 Upto 5% 3-4 Working days Yes
    Citibank 11.49% to 16.50% Upto 2.0% + 0.5% (waiver on PF)
    Special surprise gift from Citi Bank    		 Rs.1,00,000 - Rs.30,00,000 Upto 3% 48 hours Yes
    Bajaj Finance 11.99% - 16% Upto 2% Upto Rs.25 Lacs Upto 4% post 1st EMI clearance Approval In 48 Hours Yes
    Tata Capital 11.99% - 17% Rs.999-2.50% Rs.75,000 - Rs.15 Lacs Part Prepayment Charges: Nil (Allowed Post 6 months, Once a year, 25% of Principal Outstanding) Loan disbursement in 3-4 days Yes
    SMFG India Credit 11.99% - 26% 2% Rs.50,000 - Rs.15,00,000 Upto 7.00%, 0% after 3 years 2-8 days No
    IndusInd Bank 12.99% - 20% 0.5% -2% Rs.1,00,000 - Rs.25,00,000 4% 4 working days No
    HDB Financial Services 16% - 21% up to 2% Rs.100,000 to Rs.15,00,000 Nil for Selected Corporates Employees (CAT A & B).
    4% For Rest    		 2 days - 7 days No
    *Terms & conditions apply

    Tips to get the Best Personal Loan Deal 

    • ALWAYS compare the exact EMI|Processing fee|Tenure|Documents | Terms & Conditions before choosing a bank.
    • NEVER pay any fee to any person to get a loan sanctioned. Processing fees should ALWAYS be deducted from the loan amount.
    • Only give documents to one bank and check whether he is an authorized bank employee or vendor.

    Personal Loan

    Personal loan is the obvious choice if you need a finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things. Means if you have a requirement of money so personal loan is the best choice.

    Personal loan Eligibility

    1. Minimum per month Income of Rs.18500 in Metro cities required.
    2. Minimum per Month Income of 12500 required in other cities like Tier 1, 2 & 3.
    3. Age Must be above 21 Years.
    4. Regular Source of Income with Valid proof of income like - Pay Cheque, Account Transfer. Cash salary is not considered by any bank.
    5. Minimum 6 Month stability in current company for Salaried, 2 Years ITR for self-employed / Professionals.

      6. Personal loan Interest Rates 2023

      Interest rates on any loan plays an important part so always choose the lowest one is beneficial Personal loan interest rates for most of the banks starts from 11.59% to 22.00%. Some banks offer special interest rates to its customer on the basis of Company, Profile, Residential status, Income per month. Banks offer lowest rates to only CAT A based company employees. So have a look at major banks personal loan interest rates below:

      Compare Top Personal Loan Banks on the Basis of Interest Rates, Processing Fees, Prepayment Charges & Approval Time

      BankInterest RatesProcessing FeesFore Closure ChargesDisbursal Time
      Yes Bank10.45% - 16.99%Upto 2%Nil Above 7.5Lacs 48 Working Hours
      Kotak Mahindra Bank10.50% - 16.99%Rs.999 - 2%Zero above 10 lakhs loan amount, Else 5.00%60 working hours
      HDFC Bank10.75% - 13.45%upto 3999 + GSTZero above 10 lakh, Otherwise 4.00%48 working hours
      IDFC First10.99% - 21.00%Upto Rs.9999upto 5%60 working hours
      ICICI Bank11% - 17.50%0.50% - 2.25%Zero above 10 lakh & 12 EMI Paid, Otherwise 5.00%48 working hours
      Standard Chartered11.00% - 12.50%1%Up to 5.00%3-4 Working Days
      Citibank11.49% - 16.50%Up to 3%72 working hours
      SBI Personal Loan11.95% - 16.55%2.00% - 3.00%NIL72 working hours
      Tata Capital11.99% - 17.00%1.25% - 2.50%NIL Foreclosure charges after 12 EMI72 working hours
      SMFG India Credit11.99% - 26.00%2.00%Upto 7.00%, 0% after 3 years48 working hours
      Bajaj Finserv11.99% - 16.00%Upto 2.00%Upto 4% post 1st EMI clearance48 working hours
      Indus Ind Bank12.99% - 20.00%Up to 50% off *60 working hours
      Axis Bank15.00% - 20.00%2.00%N.A60 working hours

      Personal Loan Calculator

      Personal loan emi calculator is the essential tool which helps borrowers to check how much per month emi have to pay for the borrow amount from the bank. Borrowers calculate the per month emi on the basis or in just three simple steps

      1. Go to Calculator Page ( )
      2. Enter required loan amount
      3. Enter Interest rates on which bank offer the loan
      4. Enter the tenure or repayment period
      5. Then Calculate

      Results shown to you by calculator on the basis of your entered details in the calculator. For example if you applied for 2 lakh of loan amount @ 15.50% rate of interest for 4 years repayment period than you have to pay Rs. 5616.97 per month for 4 years.


      Personal loan Eligibility

      If you want to check for how much loan amount you are eligible, so go through this link which let you know the exact amount on the basis of your Net monthly Income, Liabilities, No. of dependents etc etc.Click Here for calculate eligibility on personal loan

      Personal Loan for Self Employed

      Almost all banks offers personal loan to self-employed persons on the basis of business stability & last 2 or 3 years Income tax returns. Interest rates are also on the higher side for the comparison to salaried people.
      • Maximum loan amount avail upto 15 lakhs.
      • Maximum tenure period is 5 Years.
      • Mandatory bank account, Part payment option is not available for self employed borrowers.

      Top Banks for Personal Loans in India

      HDFC Bank Personal Loan

      HDFC bank offers personal loans to salaried, self employed, professionals, doctors, CA's for upto 25 lakh.

      Why to choose HDFC Bank?
      • No Hidden Charges, Reasonable processing fees
      • Special Offers for women borrowers
      • Be earning at least Rs. 12,000/- per month net income (Rs. 15,000/- in Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Pune, Calcutta, Ahmedabad, Cochin)
      • Interest Rates starts from 11.99% p.a*

      ICICI Bank Personal loan

      ICICI Bank offers personal loans up to Rs. 20 lakh for salaried, up to Rs.30 lakh for self employed and up to Rs.40 lakh for doctors.ICICI Bank offer flexible repayment option of 12-60* months.

      • Interest Rates starts from 11.49% p.a*
      • Disbursement within 72 working hours
      • No Security / No Collateral
      • Flexible tenures upto 60 months.

      Axis Bank Personal loan

      Axis bank's personal loans will give you a helping hand meet all your personal requirements.

      • Loan amount from 50000 to 15 Lakh
      • Loan available to salaried individuals only
      • Simple procedure, minimal documentation and quick approval
      • Rate of Interest starts from 15.00% p.a*
      • Available in 65 Locations throughout the India

      SBI Personal Loan

      State Bank of India personal loan is the most searched term in government banks list. State bank of India offers personal loan to Salaried individual of good quality corporate, self employed, engineer, doctor, architect, chartered accountant, MBA with minimum 2 years standing.
      • Minimum Income required Rs.24,000/- in metro and urban centres
      • Minimum Income required Rs.10,000/- in rural/semi-urban centres
      • Interest Rates starts from as low as 12.60% p.a*
      • Zero pre payment charges

      Bajaj Personal Loan

      Bajaj Finserv is the one of the fastest growing company in terms of personal loans as per current market scenarios. Borrowers looking for bajaj because of its best repayment plans, lowest rates & transparent policy.
      • Instant Online Approval
      • Funds transfer to your account within 72 hours
      • Maximum loan amount of Upto 25 Lakh
      • Minimum Income required are Rs.25000
      • Processing Fees of 2.25% to 3.00% of the loan amount

    Personal Loan Interest Rates

    (Last updated on : 07 November 2023)
    Comparison of Personal loan interest rates. Instant compare all major government & private banks personal loan rates in India at deal4loans which helps you to choose the lowest rates online.

    Personal loan interest rates in India depend on various criteria, among which major is the income level. Different banks have different classifications based on which interest rates are calculated. To start with whether you are working for an employer (salaried) or you are an employer yourself (self - employed).

    Read below the factors effecting Interest Rates **
    To help its customers get the best interest rates onpersonal loans, Deal4loans has consolidated all the information regarding latest rate of interests at one place. To get updated rate of interest on personal loan, keep visiting this section.

    Compare Best Personal Loans Interest Rates in India 2023

    Banks/Rates Salaried
    CAT A Per lac EMI
    (For 4 yrs.)    		 CAT B Per lac EMI
    (For 4 yrs.)    		 Others Per lac EMI
    (For others for 4 yrs.)    		 Pre Payment Charges Processing Fees
    ICICI Bank 10.5% - 15%
    (Special rates for Loan Amount b/w 5 lacs - 20 lacs)
    12.5% - 15.75%
    (For Special Companies)
    11.29% - 11.7%
    (BT rates for listed company)
    15.5%
    (Salary Above 75,000)
    16%
    (Salary 50,000 -75,000)
    16.5%
    (Salary 35,000 -50,000)
    17%
    (Salary 20,000 -35,000)
    		 Rs.2560 - Rs.2783
    (Special rates for Loan Amount b/w 5 lacs - 20 lacs)
    Rs.2658 - Rs.2821
    (For Special Companies)
    Rs.2599 - Rs.2619
    (BT rates for listed company)
    Rs.2808
    (Salary Above 75,000)
    Rs.2834
    (Salary 50,000 -75,000)
    Rs.2860
    (Salary 35,000 -50,000)
    Rs.2886
    (Salary 20,000 -35,000)
    		 11% - 14.99%
    (Special rates for Loan Amount b/w 5 lacs - 20 lacs)
    11.29% - 11.7%
    (BT rates for listed company)
    16%
    (Salary Above 75,000)
    16.5%
    (Salary 50,000 -75,000)
    17%
    (Salary 35,000 -50,000)
    17.5%
    (Salary 20,000 -35,000)
    		 Rs.2585 - Rs.2783
    (Special rates for Loan Amount b/w 5 lacs - 20 lacs)
    Rs.2599 - Rs.2619
    (BT rates for listed company)
    Rs.2834
    (Salary Above 75,000)
    Rs.2860
    (Salary 50,000 -75,000)
    Rs.2886
    (Salary 35,000 -50,000)
    Rs.2911
    (Salary 20,000 -35,000)
    		 11% - 14.99%
    (Special rates for Loan Amount b/w 5 lacs - 20 lacs)
    11.29% - 11.7%
    (BT rates for listed company)
    16%
    (Salary Above 75,000)
    16.5%
    (Salary 50,000 -75,000)
    17%
    (Salary 35,000 - 50,000)
    17.5%
    (Salary 20,000 -35,000)
    		 Rs.2585
    (Special rates for Loan Amount b/w 5 lacs - 20 lacs)
    Rs.2599
    (BT rates for listed company)
    Rs.2834
    (Salary Above 75,000)
    Rs.2860
    (Salary 50,000 -75,000)
    Rs.2886
    (Salary 35,000 - 50,000)
    Rs.2911
    (Salary 20,000 -35,000)
    		 Rs.999 for Special offers otherwise 1% - 2.5% Rs.999 for Special offers otherwise 1% - 2.5%
    Kotak Bank 10.5%
    (Salary > 50,000)
    12.5%
    (Salary <50000)
    		 Rs.2560
    (Salary > 50,000)
    Rs.2658
    (Salary <50000)
    		 12.99%
    (Salary > 1,00,000)
    13.75%
    (Salary 50000 - 100000)
    14.25%
    (Salary < 50000)
    		 Rs.2682
    (Salary > 1,00,000)
    Rs.2720
    (Salary 50000 - 100000)
    Rs.2745
    (Salary < 50000)
    		 15.5%
    (Salary: 100000 & Above)
    16.25%
    (Salary: 75000 - 100000)
    16.75%
    (Salary: 50000-75000)
    16.99%
    (Salary: Less than 50000)
    		 Rs.2808
    (Salary: 100000 & Above)
    Rs.2847
    (Salary: 75000 - 100000)
    Rs.2873
    (Salary: 50000-75000)
    Rs.2885
    (Salary: Less than 50000)
    		 Zero (if loan Amount is more than 10 lakhs) Else 5% 0.99% - 2.25%
    HDFC Bank 10.5% - 15%
    (For Special Companies)
    15%
    (For 75,000 & above salary)
    15.5%
    (For 35,000-75,000 salary)
    17.45%
    (For 20,000-35,000 salary)
    11.29% - 12.5%
    (Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
    11.39% - 11.8%
    (BT for Listed Companies)
    		 Rs.2560 - Rs.2783
    (For Special Companies)
    Rs.2783
    (For 75,000 & above salary)
    Rs.2808
    (For 35,000-75,000 salary)
    Rs.2909
    (For 20,000-35,000 salary)
    Rs.2599 - Rs.2658
    (Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
    Rs.2604 - Rs.2624
    (BT for Listed Companies)
    		 10.99% - 15%
    (For Special Companies)
    15%
    (For 75,000 & above salary)
    15.5%
    (For 35,000-75,000 salary)
    17.45%
    (For 20,000-35,000 salary)
    11.29% - 12.5%
    (Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
    11.39% - 11.8%
    (BT for Listed Companies)
    		 Rs.2584 - Rs.2783
    (For Special Companies)
    Rs.2783
    (For 75,000 & above salary)
    Rs.2808
    (For 35,000-75,000 salary)
    Rs.2909
    (For 20,000-35,000 salary)
    Rs.2599 - Rs.2658
    (Special Rates for Loan Amount b/w 10lakhs - 30lakhs)
    Rs.2604 - Rs.2624
    (BT for Listed Companies)
    		 10.5% - 24% Rs.2560
    		 Upto 4.00% Upto Rs.4999/- + GST
    Bajaj Finserv 11.99% - 16% Rs.2633 - Rs.2834
    		 16% Rs.2834
    		 16.5% - 17% Rs.2860
    		 Upto 4% post 1st EMI clearance Upto 2%
    Tata Capital 11.99%
    (Salary above 1lakh)
    11.99% - 12.75%
    (For 20,000-99,000 salary)
    11.99% - 12.75%
    (For Tata Group Companies)
    		 Rs.2633
    (Salary above 1lakh)
    Rs.2633 - Rs.2670
    (For 20,000-99,000 salary)
    Rs.2633 - Rs.2670
    (For Tata Group Companies)
    		 11.99%
    (Salary above 1lakh)
    15.5%
    (For 30,000-60,000 salary)
    17%
    (For 20,000-30,000 salary)
    11.99%
    (For Tata Group Companies)
    		 Rs.2633
    (Salary above 1lakh)
    Rs.2808
    (For 30,000-60,000 salary)
    Rs.2886
    (For 20,000-30,000 salary)
    Rs.2633
    (For Tata Group Companies)
    		 11.99%
    (Salary above 1lakh)
    15.5%
    (For 30,000-60,000 salary)
    17%
    (For 20,000-30,000 salary)
    11.99%
    (For Tata Group Companies)
    		 Rs.2633
    (Salary above 1lakh)
    Rs.2808
    (For 30,000-60,000 salary)
    Rs.2886
    (For 20,000-30,000 salary)
    Rs.2633
    (For Tata Group Companies)
    		 Nill Foreclosure after 12 EMI's & Partial Payment Options without any charges. Rs.999
    State Bank of India/SBI (SBI Saral) 11.95% - 16.55% Rs.2631 - Rs.2862
    		 11.95% - 16.55% Rs.2631 - Rs.2862
    		 11.95% - 16.55% Rs.2631
    		 N.A 1.01% of the loan amount
    SMFG India Credit 11.99% - 26% Rs.2633 - Rs.3372
    		 11.99% - 26% Rs.2633
    		 Upto 7.00%, 0% after 3 years 2%
    Standard Chartered Bank 11%
    (Loan Amount 10 Lac & above)
    11%
    (Loan Amount 800,001 - 1,000,000)
    11.25%
    (Loan Amount - 500,001 - 800,000)
    11.5%
    (Loan Amount - 300,000 - 500,000)
    11.99%
    (Loan Amount Upto 3 Lac)
    		 Rs.2585
    (Loan Amount 10 Lac & above)
    Rs.2585
    (Loan Amount 800,001 - 1,000,000)
    Rs.2597
    (Loan Amount - 500,001 - 800,000)
    Rs.2609
    (Loan Amount - 300,000 - 500,000)
    Rs.2633
    (Loan Amount Upto 3 Lac)
    		 11%
    (Loan Amount 10 Lac & above)
    11%
    (Loan Amount 800,001 - 1,000,000)
    11.25%
    (Loan Amount - 500,001 - 800,000)
    11.5%
    (Loan Amount - 300,000 - 500,000)
    11.99%
    (Loan Amount Upto 3 Lac)
    		 Rs.2585
    (Loan Amount 10 Lac & above)
    Rs.2585
    (Loan Amount 800,001 - 1,000,000)
    Rs.2597
    (Loan Amount - 500,001 - 800,000)
    Rs.2609
    (Loan Amount - 300,000 - 500,000)
    Rs.2633
    (Loan Amount Upto 3 Lac)
    		 11%
    (Loan Amount 10 Lac & above)
    11%
    (Loan Amount - 800,001 - 1,000,000)
    11.25%
    (Loan Amount- 500,001 - 800,000)
    11.5%
    (Loan Amount - 300,000 - 500,000)
    11.99%
    (Loan Amount Upto 3 Lac)
    		 Rs.2585
    (Loan Amount 10 Lac & above)
    Rs.2585
    (Loan Amount - 800,001 - 1,000,000)
    Rs.2597
    (Loan Amount- 500,001 - 800,000)
    Rs.2609
    (Loan Amount - 300,000 - 500,000)
    Rs.2633
    (Loan Amount Upto 3 Lac)
    		 Up to 5.00% 1%
    HDBFS 17%
    (For 35,000 - 75,000 salary)
    18%
    (Below 35,000 salary)
    16%
    (for 75,000 & above salary)
    		 Rs.2886
    (For 35,000 - 75,000 salary)
    Rs.2937
    (Below 35,000 salary)
    Rs.2834
    (for 75,000 & above salary)
    		 16%
    (for 75,000 & above salary)
    17%
    (for 35,000 - 75,000 salary)
    18%
    (below 35,000 salary)
    		 Rs.2834
    (for 75,000 & above salary)
    Rs.2886
    (for 35,000 - 75,000 salary)
    Rs.2937
    (below 35,000 salary)
    		 17%
    (for 75,000 & above salary)
    18%
    (for 35,000 - 75,000 salary)
    21%
    ( below 35,000 salary)
    		 Rs.2886
    (for 75,000 & above salary)
    Rs.2937
    (for 35,000 - 75,000 salary)
    Rs.3097
    ( below 35,000 salary)
    		 NIL for Select Corporates Employees (CAT A & B) 4% For Rest 1% - 2%
    IndusInd Bank 13.75% - 14.25%
    (For 50,000- 1 Lac Salary)
    14.5% - 15.25%
    (Below 50,000 Salary)
    12.99% - 13.5%
    (For 1 Lac & above Salary
    )
    		 Rs.2720 - Rs.2745
    (For 50,000- 1 Lac Salary)
    Rs.2758 - Rs.2796
    (Below 50,000 Salary)
    Rs.2682 - Rs.2708
    (For 1 Lac & above Salary
    )
    		 14% - 14.5%
    (For 1 Lac & above Salary
    )
    15% - 15.5%
    (For 50,000- 1 Lac Salary)
    16% - 16.5%
    (Below 50,000 Salary)
    		 Rs.2733 - Rs.2758
    (For 1 Lac & above Salary
    )
    Rs.2783 - Rs.2808
    (For 50,000- 1 Lac Salary)
    Rs.2834 - Rs.2860
    (Below 50,000 Salary)
    		 17.5% - 18.5%
    (For 1 Lac & above Salary
    )
    18% - 19%
    (For 50,000- 1 Lac Salary)
    19% - 20%
    (Below 50,000 Salary)
    		 Rs.2911
    (For 1 Lac & above Salary
    )
    Rs.2937
    (For 50,000- 1 Lac Salary)
    Rs.2990
    (Below 50,000 Salary)
    		 4% 0.5% - 2%
    Citibank 11.49% - 16.5% Rs.2608 - Rs.2860
    		 Upto 3%
    Axis Bank 16%
    (For CAT A)
    15%
    (For Super CAT A)
    		 Rs.2834
    (For CAT A)
    Rs.2783
    (For Super CAT A)
    		 17% Rs.2886
    		 19% - 20% Rs.2990
    		 Nil 2%
    Andhra Bank 15.75% - 16.75% Rs.2821 - Rs.2873
    		 16.75% - 18.75% Rs.2873 - Rs.2977
    		 Rs250 - Rs1000/-
    Bank of Baroda 14.75% Rs.2770
    		 14.75% Rs.2770
    Corporation Bank 14.5%
    ((undertaking letter required) )
    		 Rs.2758
    ((undertaking letter required) )
    		 N.A Rs.2126 - Rs.2126
    		 N.A Rs.2126
    		 N.A N.A
    United Bank Of India 16%
    (12%(For pensioners))
    		 Rs.2834
    (12%(For pensioners))
    		 16% - 18%
    (12%(For pensioners))
    		 Rs.2834 - Rs.2937
    (12%(For pensioners))
    		 16% - 18%
    (12%(For pensioners))
    		 Rs.2834
    (12%(For pensioners))
    		 N.A. N.A.
    Vijaya Bank 16% Rs.2834
    		 N.A Rs.2126
    		 N.A Rs.2126
    		 N.A. N.A.
    Indian Bank 13.7% - 14.2% Rs.2718 - Rs.2743
    		 13.7% - 14.2% Rs.2718 - Rs.2743
    		 13.7% - 14.2% Rs.2718
    		 N.A 0.50% on the loan amount with min of Rs 500/-
    Yes Bank 10.45% Rs.2558
    		 10.45% Rs.2558
    		 16.99% Rs.2885
    		 Nil Above 7.5Lacs Upto 2%
    Bank of India 15% Rs.2783
    		 15% Rs.2783
    		 15% Rs.2783
    		 N.A 2%
    Canara Bank 14.95% Rs.2781
    		 14.95% Rs.2781
    		 14.95% Rs.2781
    		 N.A 0.25 %
    Union bank of India 14.35% Rs.2750
    		 14.35% Rs.2750
    		 14.35% Rs.2750
    		 N.A 14.35% - 0.5%(min.Rs 500)
    Allahabad Bank 13.55% Rs.2710
    		 13.55% Rs.2710
    		 13.55% Rs.2710
    		 N.A 1.22%(min.Rs.1223)
    Central Bank of India 13.35% Rs.2700
    		 13.35% Rs.2700
    		 13.35% Rs.2700
    		 N.A Rs.500 One time free
    Dena bank 10.9% - 14% Rs.2580 - Rs.2733
    		 10.9% - 14% Rs.2580 - Rs.2733
    		 10.9% - 14% Rs.2580
    		 N.A 1%
    Bank of Maharashtra 12.75% Rs.2670
    		 12.75% Rs.2670
    		 12.75% Rs.2670
    		 N.A 1% (min.Rs. 1000)
    Indian Overseas Bank 14.05% Rs.2735
    		 14.05% Rs.2735
    		 14.05% Rs.2735
    		 N.A 1.01% - 1.10%
    IDBI Bank 13.2% Rs.2693
    		 13.2% Rs.2693
    		 13.2% Rs.2693
    		 N.A 1% + S.T.
    Oriental Bank of Commerce 11.05% - 12.8% Rs.2587 - Rs.2673
    		 11.05% - 12.8% Rs.2587 - Rs.2673
    		 11.05% - 12.8% Rs.2587
    		 N.A 0.5% (min.Rs. 500)
    UCO Bank 12.2% - 12.45% Rs.2643 - Rs.2656
    		 12.2% - 12.45% Rs.2643 - Rs.2656
    		 12.2% - 12.45% Rs.2643
    		 N.A 1%(min.Rs.750)
    Transfer your personal loan to HDFC Bank
    		 Salary>=35,000 11.69% Rs.999
    Salary<35,000 11.99% Rs.999
    Transfer your personal loan to Kotak Bank
    		 Salary>=35,000 11.79% 0.5%
    Salary<35,000 12.99% 0.5%
    *Terms & conditions apply
    Where
    CAT A refers to - Top 1000 companies
    CAT B refers to - Multi National Companies( MNC's )
    CAT C refers to - Small companies
    Non Listed refers to - Smaller companies with 100 emloyees.
    Loan Surrogates refers to - Any running loan from any bank

    Top 5 factors that affect your Personal Loan Interest Rates:

    1.Income: If your Income is above a certain limit, Banks believe that your chances of paying are higher as you have a regular income. Most Banks have categories according to income where they give different rates.

    As your monthly income goes higher, the rate of interest on your personal loan will be lesser. The rates are defined for customers who have income between Rs. 20,000 to Rs. 50,000 and Rs. 50,000 to Rs. 75,000. On the other hand, if you have income above Rs. 75,000 you will get lower rate of interest.

    2. Company Status: Banks define Companies in 3-4 categories namely

    1. Cat A or Elite or Top 500 companies
    2. Cat B
    3. Cat C
    4. Others

    Anyone working in these companies can take a Personal loan from Banks. The better the category of your company, the lesser rate of interest you get. Banks classify these companies on the size of company and reputation

    Banks give a lesser rate of interest to CAT A company customers as they are less likely to default. So, if your company (start-ups) is new and not categorized in the Banks you are likely to get a higher rate or no loan from the banks.

    3. Credit and Payment History: Banks follow Rating before giving personal loans. If your payments for Credit Cards and Loans is not up to mark, there is a chance for you of getting rejected by the bank or getting a higher rate of interest.

    4. Relationship with your Bank:The bank where you have your Saving account/Salary account is most likely to give you some special rate of interest or processing fees on personal loans. Banks make sure that their personal loan and credit card customers get better options as compared to other banks. So, before applying to other banks for a personal loan, check your own bank rate of interests.

    5. Individuals Negotiation Skills:Keeping in mind the above information, you can always negotiate and ask Banks for special waivers on Interest Rates, Processing Fees, etc.

    Factors effecting Self Employed customer for Personal loan Interest Rates:

    1. Annual Income Tax Return- If your income is high and you are a large company you can expect rates to be lower for you.
    2. Type of Business- Banks are ready to give lower rates to sound business .So all Manufacturing and sound business professionals get a better rate of Interest on the personal loan.
    3. Special rates to Self-employed professionals- Banks really like to fund Doctors/Engineers/CA and Architects as they believe these set of customers are rarely default and hence there rates are better from others.
    Disclaimer: Please note that the interest rates given here are based on the market research. To enable the comparisons certain set of data has been reorganized / restructured / tabulated .Users are advised to recheck the same with the individual companies / organizations. This site does not take any responsibility for any sudden / uninformed changes in interest rates.
    Banks/ Financial Institutions can contact us at info@kgloanexpert.com for inclusions or updates.

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