PERSONAL LOAN

Now, securing a personal loan is as easy as a few taps on your mobile device, and we offer competitive interest rates. What's even better, we provide flexible loan tenures. Unlock the full potential of pre-approved personal loans online with a wide selection of over 30 banks and NBFCs to choose from.

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Personal Loan Details

Personal Loan	11.99% p.a. onwards
Loan Amount	Starting from Rs. 10,000 to Rs. 15 lakh
Tenure	Flexible loan tenures starting from 6 months to 5 years
Processing Fees	0.5% to 4% of the loan amount (may vary across lenders)
Documentation	E - Documentation (PAN, Aadhaar, Income Proof)

CredBharat offers comprehensive instant loan solutions to cover your wedding, medical, and travel expenses. But that's not all; you can also access online personal loans for home renovations, education, and car purchases. Keep reading to explore personal loan lenders, special offers, competitive interest rates, and flexible EMI options.

Apply for a Personal Loan Online with CredBharat

Select your desired loan amount and benefit from our appealing interest rates. You have the option to obtain your loan from the banks and NBFCs listed below.

Personal Loan by Banks

Conducting a comparison of interest rates offered by various banks is an excellent approach to identifying the most favorable option. Investing the time to investigate these diverse rates can open the door to securing a more advantageous deal.

SL.No.	Personal Loan Plans	Interest Rates
1.	SBI Personal Loan	11% onwards
2.	HDFC Bank Personal Loan	10.50% p.a. onwards
3.	Kotak Mahindra Bank Personal Loan	10.99% onwards
4.	Axis Bank Personal Loan	10.49% onwards
5.	Bank of Baroda Personal Loan	10.90% onwards
6.	PNB Personal Loan	10.40% onwards
7.	Canara Bank Personal Loan	10.65% onwards
8.	ICICI Bank Personal Loan	10.50% onwards
9.	IDFC Bank Personal Loan	10.49% onwards
10.	Indian Overseas Bank Personal Loan	12.50% onwards
11.	IDBI Bank Personal Loan	11% onwards
12.	Citi Bank Personal Loan	11.49% onwards
13.	Bank of India Personal Loan	10.25% onwards
14.	Federal Bank Personal Loan	10.49% onwards
15.	UCO Bank Personal Loan	10.95% onwards
16.	Union Bank of India Personal Loan	10.40% onwards
17.	Yes Bank Personal Loan	10.99% onwards
18.	Central Bank of India Personal Loan	10.95% onwards
19.	Induslnd Bank Ltd Personal Loan	10.49% onwards
20.	Indian Bank Personal Loan	10.49% onwards
21.	Standard Chartered Personal Loan	10.49% onwards
22.	RBL Bank Personal Loan	17.50% onwards
23.	Bandhan Bank Personal Loan	10.50% onwards

Note- Please note that the rates mentioned above are subject to fluctuations in the financial market and may slightly vary depending on the specific bank's policies.

Personal Loan by NBFCs

Select your preferred loan amount from the following list of NBFCs and benefit from some of the most competitive interest rates available.

SL.No.	Personal Loan Plans	Interest Rates (p.a.)
1.	Paysense Personal Loan	18.00% onwards
2.	KreditBee Personal Loan	12.24% onwards
3.	Money View Personal Loan	15.96% onwards
4.	Muthoot Finance Personal Loan	14% onwards
5.	Tata Capital Personal Loan	10.99% onwards
6.	Bajaj Finance Personal Loan	11% onwards
7.	Navi Personal Loan	9.9% onwards
8.	Dhani Personal Loan	13.99% onwards
9.	Faircent Personal Loan	9.99% onwards
10.	Cashe Personal Loan	30% onwards
11.	Fullerton Personal Loan	11.99% onwards
12.	Money Tap Personal Loan	12.96% onwards
13.	Fibe Personal Loan	24% onwards
14.	Flex Salary Personal Loan	36% onwards
15.	Incred Personal Loan	16% onwards
16.	Lendingkart Business Loan	12% onwards
17.	L&T Personal Loan	12% onwards
18.	Mcapital Business Loan	24% onwards
19.	Mpokket Personal Loan	24% onwards
20.	NIRA Personal Loan	24% onwards
21.	Prefr Personal Loan	18% onwards
22.	Upwards Personal Loan	9% onwards
23.	Zype Personal Loan	9.5% onwards
24.	Ambit Finvest Business Loan	As per the business requirements
25.	HDB Personal Loan	12% onwards
26.	LoanTap Personal Loans	12% onwards
27.	Loanbaba Personal Loan	10.99% onwards
28.	Phocket Loan	30% onwards
29.	Pocketly loan	12% onwards
30.	Aditya Birla Capital Personal Loan	11% onwards
31.	IIFL Personal Loan	13.50% onwards

Note- Please note that the rates mentioned above are subject to fluctuations in the financial market and may change at the lender's discretion.

Benefits of Having a Personal Loan

Address your financial requirements effortlessly by utilizing the most convenient financial solution, and manage all your expenditures with an instant personal loan.

Financial Flexibility: Personal loans provide flexibility in how you can use the funds, from consolidating debt to covering unexpected expenses.
Quick Access to Funds: Personal loans often offer rapid approval and disbursal, making them ideal for urgent financial needs.
No Collateral Required: Most personal loans are unsecured, meaning you don't need to pledge assets or collateral.
Debt Consolidation: Use a personal loan to consolidate high-interest debts like credit cards into a single, more manageable payment with a lower interest rate.
Home Improvement: Fund home renovations and improvements that can increase the value of your property.
Education Expenses: Personal loans can cover tuition fees and educational expenses, enabling you to invest in your or your child's education.
Medical Emergencies: Address unexpected medical bills and healthcare expenses without tapping into savings.
Travel and Vacation: Plan your dream vacation or travel adventures with a personal loan.
Consolidation of Multiple Loans: Combine multiple loans into one personal loan for simpler financial management.
Business Investment: Start or expand a small business with the funds from a personal loan.
Peace of Mind: Having a personal loan can provide peace of mind, knowing you have a financial safety net for unexpected expenses or opportunities.

Personal Loan Eligibility Criteria

To secure approval for a personal loan, you must satisfy specific eligibility criteria. Please consult the table below to determine your eligibility for a personal loan.

Eligibility Criteria	Salaried Individual	Self Employed
Age	21-60 years old	22-55 years old
Monthly income	Rs.15,000	Rs.25,000
Loan Amount	Rs. 50,000 - Rs. 25 lakh	Rs. 50,000 - Rs. 50 lakh
CIBIL Score	Above 750	Above 750

Personal Loan EMI Calculator

A Personal Loan EMI (Equated Monthly Installment) calculator is a handy tool designed to assist you in calculating your monthly repayment amount for a personal loan. It considers factors such as the loan amount, interest rate, and loan tenure to compute the EMI.

Utilizing a personal loan EMI calculator is simple; you just need to input your loan amount, loan duration, and interest rate.

Personal Loan Fees and Charges

Thoroughly researching various banks can help you secure the most advantageous deal, as each bank may impose distinct fees and charges.

Bank / NBFC	Processing Fee Range
HDFC Bank	Up to 2.50%
IndusInd Bank	Up to 3.50%
Tata Capital	Up to 2.75%
PaySense	2.00% - 3.00%
Fullerton	3.00% - 6.00%
Kotak Mahindra Bank	Up to 2.50%
Citibank	0.50% - 3.00%
Ujjivan Small Finance Bank	Up to 2.00% (Min. ?2,000)
InCred Personal Loan	2.00% - 5.00%
Yes Bank Personal Loan	2.50%
Aditya Birla Capital Personal Loan	2.00% - 5.00%
IDFC First Bank Personal Loan	Up to 3.50%

Note- Please note that the rates mentioned above are subject to fluctuations in the financial market and may change at the lender's discretion.

Documentation for a Personal Loan

To initiate a personal loan application, you will be required to furnish essential documents as evidence of your identity and income. Below is a list of the necessary documents for a personal loan.

Documents for Salaried Employee

Proof of Identity- Passport, Voter’s ID, Driving License or PAN Card
Proof of residence- Passport or utility bills
Proof of income- Bank statement of salary account for the past two years

Documents for Self-Employed

Proof of Identity- Passport, Voter’s ID, Driving License, or PAN Card
Proof of residence- Passport or utility bills
Proof of income- Audited financial report of the past two years

Documents for NRI

A copy of your passport
Visa Copy
Your official email ID or the email ID of the HR
Bank Statements
Salary certificates or salary slips
NRO/NRE bank statements of the last 6 months
Proof of Identity, Residence, Income, and Assets
Recent passport-size photographs of yourself and the guarantors

Types of Personal Loans in India

Unsecured personal loans, unlike secured loans, don't require collateral. They offer great flexibility with short-term options for quicker EMI settlement.

- Whether it's funding a holiday or your child's education, you can now obtain a collateral-free loan. The most convenient way to repurpose your finances is through an instant personal loan.
- Short-term personal loans provide rapid access to funds without the hassle of a lengthy application process. These loans typically offer lower interest rates than other options.
- Banks provide quick disbursement of personal loans for travel, allowing you to plan your dream vacation seamlessly.
- A personal loan for weddings covers all expenses, including venue, catering, and other arrangements, ensuring your special day is memorable.
- In times of medical emergencies, you can secure instant approval for a personal loan, which can help cover medical bills and treatments.
- Car loans stand out with competitive interest rates and extended repayment terms, making it easier to purchase or refurbish a vehicle to your liking.
- With education loans available at recommended interest rates, you can ensure timely tuition fee payments or enroll your child in the school of their choice.

Enhance Your Odds of Securing a Marriage Loan

Here are some strategies to enhance your likelihood of securing a personal loan:

Maintain an Excellent Credit Score: A strong credit score significantly boosts your approval chances. Ensure timely repayment of loans and credit card bills to maintain a high credit score.
Demonstrate Stable Employment: Lenders favor borrowers with a consistent work history, so having a steady job for an extended period can increase your loan approval prospects.
Select the Appropriate Lender: Seek out lenders that offer personal loans aligned with your financial requirements and eligibility criteria.
Ensure a Sufficient Income: Lenders assess your income to determine your repayment capacity. A higher income can enhance your chances of loan approval.
Provide Accurate and Comprehensive Information: When applying for a personal loan, be meticulous in supplying precise and comprehensive details. This expedites the approval process and bolsters your approval likelihood.
Maintain a Low Debt-to-Income Ratio: A low debt-to-income ratio underscores your ability to repay the loan, making it more likely for your personal loan application to be approved.

In summary, by maintaining a solid credit score, demonstrating stable employment, choosing the right lender, providing accurate information, and keeping your debt-to-income ratio low, you can significantly increase your chances of successfully obtaining a personal loan.

Steps to Apply for a Personal Loan

Here's the step-by-step procedure you can adhere to when applying for a personal loan through CredBharat:

1. Visit our website and create an account.
2. Fill out the online application form with your personal and financial details.
3. Choose your desired loan amount and repayment term.
4. Submit the application, and our team will review it promptly.
5. Upon approval, the funds will be disbursed to your account quickly.

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