YesLoans EMI Loan Calculator

Personal loan is given to an individual and it is done so on a completely unsecured basis. Cash funds are provided to that individual, who is not required to provide any security or guarantee against the loan not being paid back.

The term for an urgent cash advance is ‘a personal loan’. This can be issued to an individual for multiple purposes, such as home improvements, holidays, and wedding costs or even for putting themselves through further education.

The majority of loan companies and banks provide loans of up to ₹20 Lakhs for those in salaried employment. This can usually be paid back over terms ranging from 12 to 60 months; however some banks are offering even longer termed loans.

The eligibility for a loan and the interest rates that are available to you will depend on a number of factors, such as employment history, address history and personal credit status. The banks have placed a cap on the amount you can borrow, which typically works out at around 50% to 60% of your Monthly salary.

There are rules in place that stipulate that you must not take a personal loan with a view to making an investment or making a purchase of something that is not approved, either in the eyes of the bank or the law.

Get your personal bank loan approved by applying now!

We can help you gain guaranteed approval for a personal loan in India, even if you have a poor credit score. YesLoans can find deals for those with a poor CIBIL score. This option is available to individuals with a net salaried income of no less than ₹35,000 Rs per month.

Personal Loans for Bad Credit

There are a number of firms in India that offer large loan sums to those whose need is urgent and their approval processes are also particularly fast and the required documentation is also quite minimal.

Personal loans represent the only unsecured type of lending that offers instant cash in India. Many customers can make an application for this type of loan without any required guarantor or collateral. The only stipulation is that you have a reasonably good CIBIL score to qualify.

The interest rate you will be offered will be determined by your personal circumstances, to include factors such as your credit rating and level of income. Each bank or NBFC will have their own set of determining criteria with which to calculate available interest rates.

Personal Loans for Those with Bad Credit - A Quick Overview

The definition of a ‘Bad Credit Personal Loan’ is a loan that is offered by a bank of NBFC to an individual with a bad credit history or low CIBIL score.

In the current financial climate, the criteria for personal loans for professional people are getting ever more stringent. Unsecured loans are available to everyone, but some still need a little help in obtaining one. It is possible to get a personal loan without a guarantor, but you will almost certainly have to provide the lender with your social security details for a credit check.

So, My Credit is Bad. What do I do Next?

Your poor credit rating only means that you have to approach the issue from a different angle. There are numerous methods of improving your credit and in turn, increasing your CIBIL score.
It is possible to slowly improve your rating by taking smaller loans and paying them back promptly and fully. Your record will show that you have taken a loan and paid it all back, which will help your cause greatly.

At YesLoans, we offer assistance and services to help all of our clients increase their credit rating and making obtaining a personal loan more likely. By completing a thorough analysis of your personal situation, we are able to tailor a solution to you.

So, what is keeping you? Get your personal bank loan approved by applying now!

The criteria required for salaried employees are set down as follows;

• Applicant must be at least 21 years of age
• Applicant must be no older than 60 years of age
• Net monthly income of at least ₹15,000 per month (Some Banks require a minimum of ₹20,000 per month)

Necessary Documents for a Personal Loan:

Salaried Customer

• At least one valid proof of identity
• A current proof of residence
• Last 6 months of bank statements
• Last 3 months of pay or salary slips

(If a guarantor is required, they will also need to provide the same documents)

Self-Employed Customer

• Last 3 years of Income Tax Returns (ITR), if more than 5 years have been spent in the same work
• If company is Private Limited, then Memorandum of Association (MOA) is required
• Last 6 months of bank statements
• Balance sheets, Profit & Loss (P&L) account and audit report
• A ‘Know Your Customer’ (KYC) report of individual or company
• Partnership Deed, Shop act and other mandatory documentation

So, what is keeping you? Get your personal bank loan approved by applying now!

At YesLoans, we have launched our online tool that helps all customers achieve their loan requirements. Included with this is a knowledge centre for all your queries and questions about getting a personal loan in India, which includes hints, tips and advice on getting the right product for your needs.

Our YesLoans EMI Loan Calculator works out affordability, eligibility, monthly repayment amounts and tons of extra information needed to make your decision.

CIBIL Score

CIBIL online platform allows customers to check their credit history, current credit score and all without paying a single Rupee for the privilege. Working with us will help you create a strategy for resolving your negative credit status.

Simply log on to the CIBIL portal to enjoy the use of these useful tools.

Instant Eligibility Checker

So, what is keeping you? Get your personal bank loan approved by applying now!

We assist thousands of clients each and every day to find their perfect loan solution. There is no need to walk from bank to bank to find the best package for you, as we work tirelessly, 24/7, to find all the best deals and lowest interest rates on the Indian market and organise them to be easily viewed in one place.

We compare the best deals from 15 different banking institutions to get you an instant positive decision from loan companies all across India.

So, what is keeping you? Get your personal bank loan approved by applying now!

Keep Up On Interest Rate Changes

Customers using our online tools have all the latest information on the best interest rates available for personal loans in India. You won’t find a better rate on the market than with YesLoans and right now, you can get loans for great deals like 13.9% per annum!

Loans with No Guarantor needed

Instant approval can be obtained for your personal loan in India, meaning no requirement for a guarantor or a security deposit! Safe lending is possible, with no need for a co-applicant and amounts as high as ₹100 Lacs can be achieved.

So, what is keeping you? Get your personal bank loan approved by applying now!

If you find it difficult to find the time to get to the bank, YesLoans operates a field team of loan experts that can offer deals from more than 28 banks and NBFCs straight to your front door.

We are the ‘savvy’ choice for customers looking to find the lowest possible loan rate and maximum allowable loan amount for your net income. You can choose rates from banks such as Kotak Mahindra, Indusind, HDFC, ICICI, ING Vysya and financial companies like Bajaj finance and TATA Capital, the most notable of loan providers in India.

If you have previously taken a personal or business loan, it is possible to transfer your loan to us by connecting with one of our expert teams anywhere in the country. Apply now!

The most often asked question from all new customers is “How do I get a person loan?” With lifestyles becoming busier, the stresses and strains on us all are growing by the day. From time to time, unexpected or unplanned things happen that need to be paid for, which is where instant loans are particularly useful. Nobody really likes borrowing from friends and family, so it’s good to know there are loans available to help when these problems arise.

The demand for personal loans in India is at an all-time high and this is increasing each and every day. Unsecured loans are really useful to those needing quick cash for a wide range of reasons. Banks in the private sector are providing significant funds to borrowers, much more than is occurring from public or nationalised banks.

So, let’s get to the process of how you actually start your application.

Online Application

The quickest and easiest way to apply for you loan is to do it online. Using our clever YesLoans EMI Loan Calculator, you can check your availability in just minutes.

Once you’ve made your electronic application, you should get to work compiling all of the necessary documentation. This will include:

1. KYC (Know Your Customer) documents
2. Job Status
3. Business continuity information
4. All other forms of address and ID
5. Existing loan information (if applicable)

Once this has been completed, financial institutions will typically send someone to your home or place of work to verify your documentation. If this is carried out successfully, you will be appointed a credit officer, whose job it is to determine your loan amount and the interest you will pay, which will all be determined by your status information. All of this information is then sent to credit referencing agencies for approval.

If this all passes smoothly and approval is granted, there will be a requirement for a signed agreement between the borrower and the banks. The next and last step is the issuing of funds to the customer, which normally occurs by cheque or by bank transfer (NEFT/RTGS).

Where to Get Started

This part is easy, as you only have to fill in the online application form to get your personal loan initiated. We have the best online personal YesLoans EMI Loan Calculator in India on our website, which usually produces a loan decision in just a few minutes.

To back this up, we have a dedicated team of skilled and knowledgeable sales and management staff, whose job it is to make your application process as smooth as it can possibly be. They will furnish you with all of the necessary information you need to choose the right loan product for your needs, including vital information like the interest rate and the term the loan is being offered over.

After speaking to our friendly experts, you will be fully aware of all associated or hidden charges, such as processing costs, pre closure fees or part payment charges. Whilst banks and NBFCs tend to operate in the same way, there are exceptions and it’s important to be aware of everything you’re agreeing to.

Getting Your Money

Usually, once your personal loan has been agreed and all documentation has been verified, funds are released anywhere from 48 hours to 7 days. Make sure that before you’ve finished that you have a copy of all your application forms and agreements you have signed. This is necessary to protect yourself should any issues arise.

Whether you live in Bangalore, Pune, Hyderabad, Delhi or Mumbai, you can enjoy the benefits of our YesLoans EMI Loan Calculator. In these major ‘Metro’ or ‘Semi-Metro’ cities, the dispersal of funds is usually at its quickest, as it is an area that banks and NBFCs are funding in a big way.

So, what is keeping you? Get your personal bank loan approved by applying now!

INSTANT APPROVAL / LOWEST RATES ON THE MARKET / SPEEDILY APPROVED LOANS

We offer loans with the speediest application, lowest interest rates and fastest funds dispersal in the whole of India. Using our fantastic YesLoans EMI Loan Calculator, it is easy to find the best rates and the highest loan amounts available right now.

If you require approval of a personal loan in 3 minutes, you can do so by filling in the application. Doing so is your first step to getting the best loan deal in India! We work with India’s many NBFCs and Banks to find you the lowest interests.

Documentation required to make an application is shown below and once provided, you should experience a very smooth process. Necessary documents include:

Salaried Customers

1. 6 months of Bank Statements
2. Proof of residence
3. Aadhaar Card
4. Last 3 months salary slips
5. One valid proof of personal ID
6. The details of your guarantor (If required)

Self Employed

1. If you have been in the same business for over 5 years, you must provide 3 years ITR
2. Balance Sheets, Audit report & Profit and Loss accounts
3. MOA (If your company is Limited)
4. Partnership Deed or Shop Act
5. 6 Months of Bank Statements
6. KYC of company or individual

Before applying for a loan, you should be sure to check out the latest competitive rates of interest and relevant EMI schemes by using our innovative YesLoans EMI Loan Calculator on our website.

Get your personal bank loan approved by applying now!

In order to provide our customers with a ‘stress free’ way of calculating affordability and eligibility, we have a great YesLoans EMI Loan Calculator that will tell you everything you need to know and what’s more - it’s easy to use!

It is important to note that you should only proceed with a loan if you are happy with the terms and the total amount you will have to pay back. Customers using our YesLoans EMI Loan Calculator are furnished with everything they need to get quick and painless loan quotes. This way, the amount you can comfortably afford to borrow will be clear and unmistakable.

Even if you have a low income and bad personal credit, there should still be options available to you. Our YesLoans EMI Loan Calculator will quickly show you what those options are. Simply fill out your details in the form provided and let’s get you started!

So, what is keeping you? Get your personal bank loan approved by applying now!

Everyone knows all about the processes used by banks and NBFCs. Not too long ago, banks used to take a long time to process loan applications, due to the sheer number of people applying. This meant lots and lots of people calling up to check on the progress of their application.

Nowadays, it’s not just government-backed banks that are offering loans, as Indian private sector banks are offering funding for all types of secured and unsecured loans. Some of these banks also offer overdraft facilities using assets like gold as a deposit, as well as some particularly attractive cash credit options and they are processed quickly, meaning customers do not have to call up to chase an application.

Personal Loan Application Status with YesLoans.

Another excellent product being offered is a guarantee by banks offering mortgage loans for old and new properties, which means it also available on properties up for resale as well. These banks provide an approximate value, secured against the collateral contained within a customer’s commercial or residential property.

Unsecured loans are one of the fastest growing types of products on the market, and there are three types currently available;

1. A Personal Loan
2. A Business Loan
3. A Consumer Durable Loan

Banks in India currently offer a huge range of business and personal loan products on a bank to bank basis. These loans range from a minimum of ₹50,000, right up to as much as ₹30 Lacs. Of course, an extremely important factor with any loan, is the interest payable, as it will determine the total amount that you end up paying back. On the whole, banks do offer some of the best interest rates on the market and have for some time.

Business and personal loans available right now will carry an interest rate, ranging anywhere from 13% to 22% per annum, with the total balance reducing as it’s paid off. Competitive rates are offered on both personal and business loans by establishments such as ICICI, HDFC and KOTAK. As well as offering a range of unsecured loan products, these major banks also provide a selection of secured loans, which means that everyone is catered for.

Please check your loan status by applying now!

1 - What are Bank interest rates with regards to Indian Personal Loans?

Each bank has it’s own policies and control over the interest rates it offers. The majority will offer personal loans with low interest rates, but this can vary, depending on the circumstances of the applicant and their eligibility. Typically, borrowers will be offered annual interest rates of anywhere between 14-28%.

2 - How much can I borrow?

Any customer can borrow as much as they can realistically be expected to pay back. This will depend on a number of factors and parameters that determine an applicant’s eligibility for a personal loan. Usually, Indian Banks will not want to lend above 60% of an individual’s monthly ‘take home’ salary. The amount that you are able to borrow, will also depend on a person’s credit record over the last 5 or so years.

3 - Will making a co-application help my chances?

Yes, if you need more funds than your eligibility allows for, then you can try what is called a ‘co-application enhancement’, which may help. However, when applying for unsecured funds, this usually needs to be your spouse, according to Indian banking laws.

This is popular method for customers, as it can increase your repayment capacity, as well as the total amount you are able to borrow. Co-application is certainly something to consider, if you are struggling to achieve the loan amount you need.

4 - What is a Banking Credit Score and how is a lender able to check my banking history?

Clients who have received a loan of any type from a bank or NBFC are issued with a CIBIL number, unique to their own banking history. This is also sometimes referred to as a ‘control number’ and can be used to easily reference your specific payment history to any bank or financial institution. The Credit Bureau of India Limited (CIBIL) provides every individual with a credit score, which carries detailed data from any involvement you have had with any kind of borrowing. It gives a detailed picture of a customer’s patterns of payment and is used to determine future eligibility for borrowing.

5 - How am I able to compare the best loan offers from all the different banks?

YesLoans has the best online tools for comparing deals, interest rates and quotes from all the major banks. This is all in one convenient place, which also offers instant access to loan companies, right across India.

6- What does foreclosure or prepayment mean, when it comes to loans?

Typically, a bank will offer loans on an unsecured basis for a limited time-frame and this is referred to as ‘Loan Tenure’. When it comes to secured loans, this can be over as much as 15 years, whereas with unsecured products, the maximum term is usually around 5 years.

If you need to pay the loan back earlier than the time frame agreed at the start of your personal loan, you will incur a ‘foreclosure or prepayment penalty charge’, which can be as much as 6% of the outstanding principal. This is a good ‘rule of thumb’, but you should check with your lender, as it does vary from bank to bank and can be affected by a bad credit history.

When deciding whether to pay a loan back early, these extra charges should be taken into account before any action is taken, as they can make a big difference.

7 - What is the major difference between a floating interest rate and yearly fixed rate?

If you opt for a fixed interest product, the rate will remain the same, regardless of what is happening in the market, whereas if you decide to opt for a floating rate, it will fluctuate, dependent on market conditions.

If the Reserve Bank of India (RBI) decides to raise short term interest rates, then the amount you pay with a floating rate will go up in relation to the rise. This is known by the banks as ‘a floating rate’ or ‘the index rate’, which refers to the prime lending rate. Quotes from banks will usually be offered as ‘index rate - ‘+’ or ‘-’ x%. Banks will change their rates in line with what the RBI is doing.

8 - Do banks protect my information and keep it secure?

YesLoans ensures that your personal information is never shared with any 3rd parties, other than the bank that you have applied for financial products from and YesLoans sister / associated companies to process your application and to assist you with other financial services/products. We operate a highly secure platform and are dedicated to maintaining the security around your sensitive information and will always follow correct practice to ensure it always remains so.

9 – What are the processing Charges and Fees?

1. Banks and NBFCs usually require a 2-3% processing fee of the total loan, which can differ, depending on an individual’s credit rating
2. YesLoans will charge a processing fee for processing your application
3. Should you decide to repay your loan earlier than the term agreed, a default penalty fee approximating to around 4% of the total loan amount may be payable

A personal loan has an absolute minimum seasoning term of 6 months. It is not possible to foreclose a loan before that point.

When we talk about salaried employees, we include all private sector and government employees, such as Doctors, CAs, CS’s and a wide range of public and private limited company staff. This covers the entire gamut of public centre work and state, local and central bodies. Banks and NBFCs will typically offer loans to this type of worker of up to 60% of their net monthly salary, but this may change from lender to lender. Also providing personal identification is a necessity for a loan approval

If you would like to instantly check your eligibility for a personal loan, you can do so on our YesLoans EMI Loan Calculator, which is there to assist all of our customers to do so quickly and easily for any type of lending. The loans you will be offered to salaried will be dependent on their credit status, personal profile and standing within the company they work for.

Essentially, all finance companies and private banks offer loans to their customers based on affordability, which in turn is based on monthly disposable income. So, the more that you earn, the more you will be able to borrow.

What is certain is that customers working for private sector companies will typically be given better deals than those who work for public sector or government bodies.

Aggressive Private Sector Banks

The loan market is being aggressively targeted by private sector banks and they are offering instant approval for loans in just 24 hours for preferred customers.

Each bank and NBFC will have their own loan application credit team, which will analyse each applicant’s personal circumstances and their eligibility for a personal loan. It is only at this point that the credit team can make a positive loan offer.

Banks will reserve the right to either uphold this approval or decline an application at any point during the process. Banks have a preset list of categories to help them decide whether to lend to specific businesses. The category list is long and includes:

1. Super A refers to - Top 500 Companies
2. Category A refers to - Top 1,000 Companies
3. Category B refers to - Multi National Companies (MNC’s)
4. Category C refers to - Small Companies

...for private sector companies

Loans offered on this basis will have tenure in the region of 12-18 months.

At YesLoans, our customers are able to get the best advice on getting the best products.
The required documentation is listed on our site and we have simplified the application process, so you can get the money you need quicker and easier than ever before. Just fill in the application form and enter your income information. This will allow us to offer you the best possible quote for your needs.

Over 10,000 customers come to our site every month to get loans approved by quickly and easily filling in our YesLoans EMI Loan Calculator.

Eligibility Criteria for Personal Loans stipulate that:

1. The applicant must be at least 21 years of age
2. The applicant must be no older than 60 years of age
3. The applicant must earn at least ₹15,000 (some banks require a minimum of ₹20,000)

Get your personal bank loan approved by applying now!

The information required to make an application for a personal loan with an NBFC or bank will be very detailed and comprehensive. A question that will be asked is what the purpose of the loan will be. This can, amongst other things, be for home improvements, a new car or an engagement ring.

Whatever the loan is for, the decision will be made based on a customer’s credit history and current personal earnings and circumstances. This will be done according to the banks’ own policies and rules.

The private banking sector in India is lending to businesses and individuals in a much more aggressive way than those in the public sector. The most aggressive of these is HDFC bank, with Kotak Mahindra Bank, ICICI Bank and Axis Bank also offering personal loans.

Personal Loans for Non-Resident Indian (NRI)

An NRI is someone holding an Indian Passport who is temporarily residing outside of India for 6 months or more. Personal loans of up to ₹10 Lacs are currently being offered to this type of customer by most of the Public Sector banks. For NRIs to obtain this kind of loan, documentation including an up to date visa, passport and employment contract letter must be produced.

Banks are offering these loan deals to NRIs on a co-applicant basis, with either a blood relative or spouse needing to be the other co-applicant.

Get your personal bank loan approved by applying now!

Personal Loan for Salaried Personnel

Personal Loans for Salaried Employees are the most popular products sold in the banking industry in India. Unsecured loans at low interest rates are being offered by the major Indian banks, including Kotak, ING, ICICI and HDFC Bank. Usually NBFCs and banks are offering personal loans with interest rates ranging from 14-20%. Amongst the NBFCs offering unsecured loans, are HDBC, Bajaj, Capital First and Fullerton India.

Pre-Approved Personal Loans

HDFC offers an excellent personal loan program for their salaried account holders for loans with a pre-approved loan limit. These are rates are offered in line with their ‘Any Branch Banking’ (ABB) saving accounts and their monthly salary. When a pre-approved loan is provided in this way, funds dispersal occurs in just 24 hours.

Bajaj Financial are one of the biggest providers of personal loans in India and has a huge customer base of existing personal loans.

So, what is keeping you? Get your personal bank loan approved by applying now!

Before deciding on any particular personal loan product, it is vital that you aware of important information, such as the interest rate and tenure period. In order to find out which loan deals are offering the best overall rates etc…, it is necessary to know all of the rates that are currently being offered by public and private sector banks.

Let’s take a closer look at the paradigm of interest markets…

It is important to not only compare the interest rate of a loan, but also to factor in other hidden processing charges. Interest rates are levied by the lender against the principal sum and worked out over the total term of loan tenure. Lenders then charge fixed monthly interest to the borrower, which will be worked out on a case by case basis. Current financial market conditions will also play a big part in determining the rate of interest. Our YesLoans EMI Loan Calculator factors all of this information in automatically and gives you the best offers in seconds.

It is our ability to get straight to the important information and give the best loan advice that has given us the status as the market leader for financial service information in India. If you are a salaried employee, we can compile all the best deals from over 25 banking institutions and NBFCs in India and put them in one easily readable and convenient location.

You can apply online right now, by filling out our online form, which will then present you with the full range of offers from all the major banks and NBFCs in the country. Whether you are working for a private, government or public sector company, you will find the best possible deals for your circumstances.

Learn more about the Banks providing personal loans right here.

A personal loan is required when outgoings exceed income and it is a great way to get instantaneous relief from any financial issues you might be experiencing. With a personal loan, the paperwork and documentation can be carried out quickly and easily with YesLoans.

We use one of the most innovative and easy to use platforms on the market to compare the various available deals from the financial institutions in India. Providing the facility to factor in loan aspects like processing charges, benefits and interest rates, our YesLoans EMI Loan Calculator does it all for you, offering reassurance that you’re getting the best loan for your needs.

What is important to mention is that you should always read all of the policies and small print before agreeing to ANY personal loan. More unscrupulous loan companies have in the past hidden terms and conditions away, which then cause problems down the line when you find out what they mean. If you don’t know about charges before they happen, this can make it very difficult to plan for.

1. ID Documents Required - Driving Licence/PAN card, Aadhaar Card, Passport, Signed Banker’s Verification
2. Proof of Age - Passport, Driving Licence, Voter’s ID Card, LIC policy, Birth Certificate
3. Proof of Address - Latest Phone bill (MTNL/BSNL), Current Electricity Bill, Rental Agreement, Election ID card, Property Index-2
4. Proof of Income - Last 3 months salary slips, Last 4 months of bank statements, updated salary certificate
5. Proof of Job Stability - Relieving letter, appointment letter, Form 16, Certificate of Work experience

So, what is keeping you? Get your personal bank loan approved by applying now!

Special Tips for Obtaining a Personal Loan Deal

1. When choosing a personal loan, you must compare the exact EMI per lac, processing fees, loan tenure and required documents before you make your decision
2. Always enquire about any hidden charges before submitting the necessary documents

Only ever give any official documents to the bank in question and you should get the employee from that bank to verify whether they are indeed an authorised employee

Personal loans are often needed urgently by the customer applying, for needs that need to be met as quick as possible. Private and public sector banks in India offer unsecured loans on a pre-approved basis and we have access to more than 15 finance companies and banks.

We are here to help you navigate your way through all of the features and conditions on the personal loans available. With the loan market expanding each and every month, there are new NFBCs and banks coming into being all of the time, bringing their own special offers with them!

These special offers being released are for both personal loans and also loans secured against property in India. Banks are also providing ‘monsoon’ deals whose speedy processes can result in approval of loans in as short a period as 24 hours. If you are in need of money, then an unsecured loan can represent the best possible option for you.

Let’s take a look at some important info and their various benefits:

1. With a personal loan, there is no need to provide any collateral or security
2. The money available to borrow ranges between ₹50,000 and ₹50 Lac
3. The loan process is quite a quick one, especially now that banks are now approving loans within 24 hours
4. The typical amount of time it takes to disperse funds to a customer in India, is 7 days
5. A minimal amount of documentation is required for the application
6. You won’t be asked what you intend to spend the money on. Their sole concern is that you have the means with which to repay the loan

Personal loan special offers from the bank

We have searched the market and found the best available offers on personal loans. Please to check out the personal loan deals the banks are offering:

1. PCMC & PMC customers can currently enjoy a monsoon offer, for those on salary of ₹30,000 per month. This sum is available at 14.5% for Tata Technology and TCS employees, with those on ₹25,000 per month able to enjoy a rack rate discount of up to 2%.
2. There are even special loan offers for women, after the bank association decided upon a special discount. Please check the monthly EMI at YesLoans EMI Loan Calculator to determine what you will need to repay. At YesLoans, we are able to arrange loans at 12% over 7 years with both the State Bank of India and India Bank.
3. Preferential deals are being offered to customers who work for TATA Technologies, Contingents Technologies, Capgemini, Tata Motors, Reliance Group, Tech Mahindra & Infosys with the 12% ‘Rate Cutter’ loan. Any employees of these companies and many other corporate bodies enjoy pre-approved loans.
4. If you are an employee working for any company and you are receiving over ₹75,000 per month, you can get a 14% reducing interest rate per annum in India.
5. Self-employed professional special offer available to Doctors, CS or CA, who can enjoy a personal loan over 5 year tenure at a rate of 14%.

The most you are able to borrow against your net income is a multiplier of up to 4x this rate, amounting to up ₹75 Lacs. Approval for self-employed professionals can be as quick as 48 hours for a sum of up to ₹15 Lacs and just 7 days for amounts over ₹15 Lac.

So, what is keeping you? Get your personal bank loan approved by applying now!