Personal loans are the best bet for individuals who want to renovate their home, clear unplanned medical expenses, or even to consolidate other types of debt. However, it becomes difficult to compare the best personal loan offers that match your needs. One of the reasons for this is the wide variety of personal loan options available. Thus, we have compiled the 10 best personal loans in India for 2018.

Let’s know a little about each lender.

Related: Personal Loan : Application Checklist

Yes Bank is the fourth largest private sector bank in India. Moreover, it is the only Greenfield bank license that the RBI awarded in the last 20 years.

In addition, to being founded in 2004 by Rana Kapoor and Ashok Kapoor, it is one of the popular product that has helped the bank grow is Yes Bank personal loan. They are personalized, faster and easier.

ICICI Bank is an Indian multinational bank and financial services company. It is headquartered in Mumbai. In fact, in 2017, it became the third largest bank in terms of assets and fourth in terms of market capitalization.

ICICI personal loans are flexible, quick and convenient and have competitive interest rates.

HDFC Bank Limited is an Indian banking and financial services company in India. In fact, The company’s headquarters is in Mumbai, India. In 2016, it was ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands.

HDFC bank personal loan is one of the popular products of this bank. In addition, the personal loans are easy-to-get, hassle-free and super fast.

Kotak bank is an Indian private sector bank that offers a wide range of financial products. Especially in the areas of personal finance, life insurance and more. It is the second largest bank in India by market capitalization after HDFC bank.

Kotak bank personal loans are quite popular in India. It provides personal loans at the minimal documentation and flexible EMI’s.

Tata Capital Limited is a financial and investment service provider that offers consumer loans, commercial finance among others. The company is a subsidiary of Tata Sons Limited and was established in the year 2007.

Tata Capital personal loans offer fast approval on personal loan applications. Moreover, they provide super fast disbursal along with the easy and simple process.

Related: Personal Loan (Online vs. Offline)

IndusInd Bank is a new generation bank based in India that started its operations in 1994. Moreover, the bank specializes in retail banking and is up-to-date with the newest technologies.

The bank aims to primarily focus on providing affordable personal loans to individuals.

IDFC Bank is a new bank which started its operations in 2015. The bank is the first in India to launch Aadhaar-linked cashless merchant solution.

IDFC bank personal loans are personalized as per the customer’s requirement. Moreover, the banks only provide just 3 months as a lock-in period to prepay or close the loan.

Bajaj Finserv is an Indian financial services company focused on lending, insurance and wealth management. It is a part of Bajaj Holdings and Investments Limited.

Furthermore, the Bajaj personal loans are non-collateral loans with minimal documentation. Moreover, the loans are available at flexible EMI’s ranging from a year to 5 years.

IIFL, formerly known as India Infoline Limited is an Indian diversified financial services company. It is among the top seven financial conglomerates in India. It is also the top independent financial services firm in India in terms of market capitalization.

Additionally, personal loans by IIFL are super fast in terms of disbursal. They are also available at 0% part payment charges after a year.

Capital First is a financial institution that provides debt financing to small entrepreneurs, MSMEs (Micro, Small and Medium Enterprises) and Indian consumers.

The Capital First personal loans are very popular in India as it is easy-to-get, quick in approval as well as disbursal.

Interest is not the only factor that should be considered when shopping around for personal loans. Also evaluate the processing fee, the lock-in period and prepayment charges. IndiaLends recommends you to compare the personal loan offers before finalizing. Hence to find the personal loan deals as per your credit profile, visit us at https://indialends.com/.