Thank you for your interest in IndiaLends. We are currently only able to offer loans to salaried and self-employed individuals. Please re-apply if your circumstances change. Alternatively, we will let you know as soon as we are able to find you a loan based on your profile.
A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use. It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan. Personal loans can be best used for multiple purposes such as for travel, marriage, education, medical emergencies, electronics, business, debt consolidation and household use. A Personal loan can have either a fixed or floating interest rate and can be repaid in the form of EMIs over a pre-agreed period of time. A customer can also apply for a fast loan with a co-applicant to increase the chances of getting the loan.
In India, Personal Loans starts from 11.49% and goes up to 35% per annum depending upon personal circumstances, credit assessment procedures and other related factors. Interest rates may also differ from lender to lender depending upon the credit score, Income, Loan amount, tenure.
|Name of the Provider||Interest Rate||Processing Fee||Tenure|
|HDFC Bank||11.49%-20% Per Annum||From Rs. 1500/- Up to 2.5% of the loan amount||12 to 60 Months|
|ICICI Bank||11.49%-22.0% Per Annum||From Rs. 999/- Up to 2.5% of the loan amount and applicable Service Tax||12 to 60 Months|
|RBL bank||14.0%-20% Per Annum||Up to 2.0% of the loan amount and applicable Service Tax||12 to 60 Months|
|IndusInd Bank||11.99% - 23% Per Annum||Up to 2% of the loan amount||12 to 60 Months|
|Kotak Bank||11.50%-24% Per Annum||Up to 2.0% of the loan amount and applicable Service Tax||12 to 48 Months|
|Bajaj Finserv||12.5%-16% Per Annum||Up to 2.0% of the disbursed loan amount||12 to 60 Months|
|TATA CAPITAL||11.99%-19.0% Per Annum||From Rs. 999/- Up to 2.0% of the loan amount and applicable Service Tax||12 to 72 Months|
|Fullerton India||17.25%-35% Per Annum||Up to 3.5% of the loan amount||12 to 60 Months|
|Capital First||14%-35% Per Annum||Up to 2.0% of the loan amount and applicable Service Tax||12 to 60 Months|
|IDFC||12%-18% Per Annum||Up to 1.5% of the loan amount and applicable Service Tax||12 to 60 Months|
With a representative 11.49% APR based on borrowing ₹ 10 lacs and repaying over 60 months with 60 monthly repayments. Monthly repayments of ₹ 21988.
For an efficient borrowing and lending system, it is necessary to ascertain the profile of the borrower so as to minimize the risk of lenders and ensure the continuous flow of loans. For this purpose we keep ask some basic questions which are as follows:
Our aim is to ease borrowing for the borrowers. Thus, we offer the best personal loan, loans for both good & bad credit and most importantly, quick loans. The advantages of borrowing from us are:
There is, however, a minimum eligibility for borrowers. One must meet following basic criteria to borrow from us:
Loan requests can also be altered through our support team, which can be contacted on 011-39595126 or email email@example.com.
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