Personal Loan - upto Rs. 10000 back as referral bonus only on BankBazaar.com

Get Lowest Rate Instantly With Our Personal Loan EMI Calculator

Equated Monthly Installments (EMIs) are the monthly payments you make in order to pay off your personal loan. On a specific date every month, you will need to pay your personal loan EMI. Your personal loan EMI depends upon your loan amount, interest rate and loan tenure. Use the personal loan EMI calculator below to instantly get the lowest personal loan EMI quotes from HDFC Bank, Fullerton & other leading banks.

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  • Slowly start typing your employer's name and choose from the recommendations provided. If you do not see your employer on our list, simply type the name in this field.
  • This is your net monthly salary as credited to your bank account after all deductions.
  • Please choose the bank account into which you receive your salary via direct deposit.If you receive your salary via cash or check, please choose 'I dont have one'.
    • Self-employed? Click here
    *Based on your final credit screening criteria, your eligibility may differ.

Use Personal Loan EMI Calculator below if you already have a Personal Loan

 

  Personal Loan FAQ:

How BankBazaar.com gets you the best deal on a personal loan

  1. Lowest rates: We have negotiated with HDFC Bank, Fullerton & other leading lenders to get you the best rates.
  2. Speed: Get personal loan quotes customized to your profile online in 2 minutes.
  3. Easy comparison: Compare loan offers on the basis of total cost & customer satisfaction.
  4. Transparency: Aimed at helping you make the right choice, we provide objective and transparent information about your loan options.
  5. Privacy: Get customized quotes without sharing any contact info. Your application is sent only to the lender you choose, and is never shared with anyone else.
  6. Trust: BankBazaar is a completely neutral marketplace and will never promote one lender over another.
  7. Free: BankBazaar.com does not charge you any fees to use our services.

How to get a personal loan on BankBazaar.com

  1. Use the eligiblity calculator above to receive customized personal loan quotes in a few seconds
  2. Compare the personal loan offers you receive and apply for the one you like
  3. Your application will be sent electronically to the lender you chose. The lender will contact you within one day.
  4. BankBazaar will update you on your loan application status via email & SMS alerts

How long does it take to get a personal loan

Personal loans are typically disbursed within one week of when you submit your supporting documents

Your personal loan eligibility and personal loan interest rate

A personal loan is an unsecured loan, which means that the borrower does not need to provide the bank with any security (ex. property, jewels). Personal loans can be taken for any purpose, be it for a holiday or a wedding expense. Most banks and NBFCs offer personal loans up to Rs. 15 lakhs, which can be repaid over a period of up to 5 years. The loan amount you are eligible for and the personal loan interest rate you will be charged are dependent on factors such as monthly income, employment history, residence history and credit history. Banks typically cap the monthly payment (EMI) on your loan to about 50% of your monthly take home income.

Typical fees and charges payable for a personal loan

  1. Lenders charge a processing fee of 2% to 3% of the loan amount, which may vary based on credit profile.
  2. If you repay your personal loan earlier than the agreed time frame, lenders charge a pre-closure penalty of about 4% of the pre-closed loan amount.

Comparing personal loan quotes from different banks/NBFCs

  1. Banks quote interest rates in many different ways (ex. monthly reducing rate, flat rate), hence just looking at the interest rate value alone might not give you a true picture of which personal loan quote is the best, so you must check the EMI. The processing fee should also be considered when comparing loan quotes.
  2. If you need your loan quickly, compare the average time taken by the bank to disburse a personal loan.
  3. Compare the customer satisfaction ratings of each bank, as the application processes are different for each bank.

Important Note About Your Mobile

  • It seems that your number is registered on the National Do-Not-Disturb (DND) list. Due to newly revised guidelines of TRAI (Telecom Regulatory Authority on India), we will not be able to update you on your personal loan offer unless you provide proof of consent for Bankbazaar to call you by completing ONE of the following:
  • SMS US: SMS "CALL ME" to +91-9773467070 from +91-. Thank you for your consent.
  • OR
  • CALL US: Call 044-43981801 from +91-. Thank you for your consent.
  • After completing one of the above, in order to continue staying updated with status/approvals/scheduling of your personal loan application via phone, please do ONE of the following:
    Send "START 1" to 1909 to activate partial-DND, allowing you to receive SMS alerts from all 'Banking/Insurance/Financial Products/Credit Cards' companies
    Send "STOP" to 1909 to de-register from DND
    TRAI guarantees to activate registration/de-registration requested within 7 days.