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.
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.
Personal Loan is the obvious choice if your need a loan for personal expense. Purpose can be medical emergency, wedding purpose, personal requirement, travelling abroad or anything. Personal loan is the best choice if you are having urgent requirement of money.
1: Age must be above 21 years.
2: In metro cities minimum salary required is Rs 20000.
3: In other cities minimum salary required is Rs 18500.
4: Regular salary should be credited in account with valid income proof.
5: Cash salary, salary through cheque, account transfer is not considered by bank.
6: Cibil score should be above 650.
7: Minimum 6 months stability in current company for salaried borrowers.
8: 2 years ITR for self-employed / and professionals.
Sample Loan Calculation
Loan Amount Interest Rates Loan Term Monthly EMI
₹10,00,000 10.99% 60 Months ₹ 21,740/-
*The associated fees shown are for representation purposes only. Actual associated fees will differ depending on individual profile. Processing Fee ranges from 0% to 2%. We do not charge any fees to our customers.
Personal Loan Interest Rates:
Rate of interest plays an important part so always go with the lowest one which is beneficial. For most of the banks personal loan interest rates starts from rate of 10.50% to 22.00%. Some of the banks offers special interest to its customers according to their net income per month, company for which they are working for (customers working in CAT A companies like Accenture, TCS, Infosys will get lower rate), residential status (NRI’s are usually charged higher rate of Interest) and their profile i.e. checking their eligibility and CIBIL / credit score. For CAT A company banks offers them lowest interest rates.
Calculation of Personal Loan:
Calculation of EMI for personal loan is the essential tool which helps the borrowers by which they can calculate that how much EMI they have to pay for the loan amount which they are planning to borrow from the bank.
In just three steps borrowers can calculate their EMI for the personal loan:
1: Go to the calculator page. i.e. Personal Loan Emi Calculator
2: Enter the required loan amount.
3: Enter the interest rates which bank offers.
4: Enter the loan tenure.
On basis of entered details calculators shows you the result of the EMI amount which you are going to pay for personal loan.