#Axis Bank personal loan for salaried employees

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Best Personal Loans for Salaried Professionals

For salaried professionals, personal loans are a convenient financial tool to manage unexpected expenses, home renovations, travel, medical emergencies, or even debt consolidation. With multiple lenders offering competitive interest rates and flexible repayment options, choosing the best personal loan can be challenging.

In this guide, we will explore the top personal loans for salaried professionals, their features, benefits, and how to select the right loan based on your financial needs.

For more information, check out FinCrif Personal Loans.

1. Key Factors to Consider When Choosing a Personal Loan

A. Interest Rates & APR (Annual Percentage Rate)

Interest rates impact the total repayment cost. Salaried professionals with higher credit scores (750+) can get lower interest rates, while others might face slightly higher rates.

Banks: Generally offer interest rates between 10% - 24% p.a.

NBFCs: Offer interest rates between 11% - 26% p.a.

B. Loan Amount & Tenure

Loan amounts typically range from ₹50,000 to ₹40 lakh.

Loan tenure varies between 12 to 84 months, depending on the lender.

Longer tenure reduces EMI but increases total interest paid.

C. Processing Fees & Additional Charges

Processing Fees: Typically 1% - 3% of the loan amount.

Prepayment Charges: Some lenders impose 2% - 5% fees for early loan closure.

Late Payment Fees: Can range from ₹500 to ₹2,000 per missed EMI.

Pro Tip: Always read the fine print before signing the loan agreement.

2. Best Personal Loan Providers for Salaried Professionals

A. IDFC First Bank Personal Loan

Interest Rate: 10.49% - 24% p.a.

Loan Amount: Up to ₹40 lakh

Tenure: 12 - 60 months

Features:

Quick approval with minimal paperwork.

No collateral required.

Flexible EMI options.

Apply Now

B. Bajaj Finserv Personal Loan

Interest Rate: 11% - 26% p.a.

Loan Amount: Up to ₹25 lakh

Tenure: 12 - 84 months

Features:

Instant approval & same-day disbursal.

Pre-approved loan offers for existing customers.

No hidden charges.

Apply Now

C. Tata Capital Personal Loan

Interest Rate: 10.99% - 24% p.a.

Loan Amount: Up to ₹35 lakh

Tenure: 12 - 72 months

Features:

Flexible repayment options.

No collateral required.

Special offers for salaried employees.

Apply Now

D. Axis Finance Personal Loan

Interest Rate: 10.5% - 22% p.a.

Loan Amount: Up to ₹25 lakh

Tenure: 12 - 60 months

Features:

Fast processing with minimal documentation.

Special rates for Axis Bank customers.

Available for both salaried and self-employed individuals.

Apply Now

E. Axis Bank Personal Loan

Interest Rate: 10.99% - 24% p.a.

Loan Amount: Up to ₹40 lakh

Tenure: 12 - 84 months

Features:

Easy online application process.

Competitive interest rates.

No collateral required.

Apply Now

F. Incred Personal Loan

Interest Rate: 11% - 26% p.a.

Loan Amount: Up to ₹25 lakh

Tenure: 12 - 60 months

Features:

Suitable for salaried professionals with moderate credit scores.

Quick approval process.

Simple documentation requirements.

Apply Now

3. How to Choose the Best Personal Loan for Your Needs?

A. Compare Interest Rates

Lower interest rates reduce the overall repayment amount.

Use an EMI calculator to estimate monthly payments.

B. Check Eligibility Criteria

Higher credit scores (750+) attract lower interest rates.

Salaried professionals earning ₹20,000/month or more are more likely to get better loan terms.

C. Look for Additional Benefits

Some lenders offer zero processing fees during festive periods.

Pre-approved loans can reduce approval time significantly.

D. Consider Repayment Flexibility

Opt for part-prepayment or foreclosure without hefty penalties.

Choose a tenure that aligns with your repayment capacity.

For salaried professionals, a personal loan provides financial flexibility with quick approvals and minimal documentation. The right lender depends on factors like interest rates, loan tenure, processing fees, and additional benefits.

To compare personal loan options and apply instantly, visit FinCrif Personal Loans today!

[anamika-malhotra]

Personal loans have become a lifeline for managing financial requirements, whether it’s funding a wedding, covering medical emergencies, or consolidating debt. With the increasing competition among financial institutions, many banks and NBFCs are now offering low interest personal loans in India. Here’s a comprehensive guide to the top 10 banks and NBFCs that provide the best low-interest loans, helping you secure the best personal loan rates tailored to your needs.

1. SBI (State Bank of India)

SBI is widely recognized for offering some of the best low-interest personal loans. With interest rates starting from 10.10% per annum, the bank ensures affordability while providing flexible repayment terms of up to 6 years. SBI is a top choice for those looking for the cheapest personal loan in India.

2. HDFC Bank

Known for its seamless digital process, HDFC Bank offers personal loans starting at 10.50% per annum. The bank’s high loan disbursal speed and customer-centric approach make it a preferred option for individuals searching for best personal loans with low interest rates.

3. ICICI Bank

ICICI Bank stands out for its pre-approved offers and competitive rates. With interest rates as low as 10.75% per annum, ICICI Bank caters to a wide audience, from salaried employees to self-employed professionals, offering one of the best personal loan rates in India.

4. Axis Bank

Axis Bank provides personal loans starting at 10.49% per annum, making it a top contender in the best low-interest loans category. The bank also offers flexible repayment options ranging from 12 to 60 months.

5. Bajaj Finserv

One of India’s leading NBFCs, Bajaj Finserv, offers personal loans at interest rates starting from 13.00% per annum. Bajaj is known for quick disbursals, high loan amounts, and minimal documentation requirements, making it a reliable choice for customers looking for low-interest personal loans in India.

6. Tata Capital

Tata Capital is another NBFC known for providing loans at affordable rates. With interest rates starting at 10.99% per annum, the institution offers transparent terms with no hidden charges, making it a strong contender for those seeking the cheapest personal loan in India.

7. Kotak Mahindra Bank

Kotak Mahindra Bank offers personal loans with interest rates beginning at 10.99% per annum. With features like quick online approvals and flexible repayment schedules, Kotak caters to both salaried and self-employed individuals seeking the best personal loans with low interest rates.

8. Punjab National Bank (PNB)

PNB offers best low-interest personal loans with rates starting at 10.30% per annum. The bank’s robust network and flexible loan terms make it an excellent option for borrowers from both urban and rural areas.

9. IDFC First Bank

IDFC First Bank combines affordability and flexibility with personal loans starting at 10.49% per annum. Its digital-first approach ensures quick processing, making it a preferred choice for customers looking for low-interest personal loans in India.

10. Fullerton India

Fullerton India offers personal loans starting from 11.99% per annum. Known for its customer-centric approach, the NBFC provides loans to a wide spectrum of individuals, including those with non-traditional income sources.

Key Factors to Consider When Choosing Low-Interest Personal Loans

Interest Rates: Look for the best personal loan rates that suit your repayment capacity. Even a slight reduction in the rate can significantly lower your EMI.

Processing Fees: Some banks might charge a high processing fee, offsetting the benefits of low-interest rates. Choose a lender with transparent charges.

Loan Tenure: A longer tenure reduces monthly EMIs but increases overall interest. Balance tenure based on your financial capability.

Eligibility Criteria: Check if your income, age, and credit score meet the lender's requirements to avoid rejections.

Prepayment Options: Choose a lender offering prepayment facilities to reduce your financial burden if your circumstances improve.

Why Choose Low-Interest Personal Loans?

Opting for a loan with the best low-interest personal loans ensures:

Reduced EMI burden

Faster repayment of loans

Higher savings over the loan tenure

Conclusion

When searching for the cheapest personal loan in India, it’s essential to weigh your options across various banks and NBFCs. The institutions mentioned above offer some of the best personal loans with low interest rates, combining affordability, convenience, and flexibility. Choose wisely and make your borrowing experience stress-free!

[waytobankloans]

How to Apply for Personal Loan Online

Personal Loan:

Personal Loan is an Unsecured Loan. The purpose of applying loan some emergency purpose like medical, education, marriage, Vacation tour etc. Apply Personal Loan Online at WaytoBank, Get Instant Approval loan up to 75Lakhs with Minimum Documentation.

Doctor’s Loan:

Doctors Loan is an Unsecured Loan, Doctors are applying for Expand clinic or Hospital, Buying costly equipments etc. Apply Doctors Loan Online at WaytoBank. Get Instant Approval Loan Up to 1 Crore, Minimum Documentation with Low Interest Rates.

For Applying Doctor Loan Need to Submit Only MBBS Certificate and there is No Need to submit other Documents. May it will differ Based on other banks.

Business Loan:

Apply Business Loan Online at waytoBank. Get Instant Approval, Minimum Documentation with Low Interest Rate. For applying business loan Grow your business fast.

Eligibility for applying Business loan, Minimum business Vintage 3 years and Minimum Turnover 80 Lakhs Per/Annum.

Home Loan:

Home loan helps for fulfill your dreams house and it will helpful for features also.

· Some General Information’s for applying Home Loan

· Age should be 18 to 70 years

· Monthly Income Should be 20,000

· Apply Salaried and Non Salaried Employee

· Credit score 750 or above

Apply Home Loan Online at WaytoBank. Get Instant Approval, Minimum Documents with low Interest rates.

Credit Cards:

You Can Apply credit card Online easily and No need to go for bank. Get instant approval credit cards Online.

Waytobank Offers Lifetime Free Credit cards Online and One Stop Solution for all your credit card requirements. You can get it here Yes bank, ICICI Bank, HDFC Bank, Axis Bank etc.

For Contact Us:

Call: +91–87 22 88 66 33

Visit: https://www.waytobank.com/personal-loan

Email: loans@waytobank.com

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Documents Required for a Personal Loan Application

A personal loan is an unsecured form of borrowing that helps individuals meet financial needs without the need to pledge any collateral. Whether you’re planning for a major purchase, managing an emergency, or consolidating debt, a personal loan can offer a quick and flexible solution. However, before you can get approved for a personal loan, you must submit certain documents to the lender. These documents serve as proof of your identity, income, and ability to repay the loan.

In this article, we will walk you through the key documents required for a personal loan application and explain why each document is necessary for the approval process.

Why Are Documents Important in a Personal Loan Application?

When applying for a personal loan, the lender needs to verify several key pieces of information to assess your eligibility. The documents you provide allow them to evaluate your creditworthiness, determine whether you can repay the loan, and mitigate their lending risks. Having the right documents ready can speed up the approval process and help you get the funds you need without unnecessary delays.

Essential Documents for Personal Loan Application

Each lender has its own documentation requirements, but most of the documents listed below are commonly requested by banks, non-banking financial companies (NBFCs), and online lenders.

1. Proof of Identity

The first step in the loan application process is verifying your identity. Lenders need to ensure that the person applying for the loan is who they claim to be. Some commonly accepted identity documents include:

Aadhar Card: The Aadhar card, which is a unique identification card issued by the Indian government, is widely accepted as a proof of identity.

Passport: If you have a passport, it serves as an excellent proof of identity.

Voter ID Card: Voter IDs are commonly used as identification documents.

PAN Card: A PAN card is primarily used for tax purposes, but it can also serve as proof of identity.

Driver’s License: In some cases, a valid driver’s license can be used to verify your identity.

2. Proof of Address

Lenders also require proof of your current address. This is done to verify your residency and establish your permanency in the location. The documents that can serve as address proof include:

Aadhar Card (if it contains your current address)

Utility Bills: Recent bills for electricity, water, or gas that clearly show your name and address.

Bank Statement: A bank statement from the last 3-6 months that includes your name and address.

Ration Card: In some cases, a ration card can be used to establish proof of address.

Rent Agreement: If you are renting your residence, you can submit a signed rental agreement as proof of address.

Passport: If your passport contains your address, it can also be used.

3. Proof of Income

The lender needs to ensure that you have a steady source of income to repay the loan. This is one of the most critical aspects of the loan application process. The required documents for income verification vary based on whether you are salaried or self-employed.

For Salaried Employees:

Salary Slip: Most lenders require your last 3-6 months’ salary slips to verify your income and employment.

Bank Statements: Bank statements for the past 3-6 months showing salary credits can be requested by the lender.

Income Tax Returns (ITR): Some lenders may require ITR for the last 2-3 years to get a detailed view of your income history.

For Self-Employed Individuals:

Income Tax Returns (ITR): Self-employed individuals will typically need to provide their last 2-3 years of ITR to prove their income.

Profit & Loss Statement and Balance Sheet: If you are running a business, lenders might also request your business’s profit and loss statement and balance sheet.

Bank Statements: Providing bank statements for the past 3-6 months can help establish your income flow and financial stability.

4. Employment Details

Lenders want to know if you have a stable job to ensure that you can repay the loan. They will ask for documentation related to your employment, including:

Employment Offer Letter: This letter, which is provided by your employer when you join a new job, is proof of your employment status.

Employment ID: In some cases, lenders may request your employment ID card as part of the verification process.

Recent Pay Slips: Pay slips provide detailed information about your salary, bonus, and other allowances, giving lenders insight into your financial situation.

5. Photographs

Lenders typically require passport-sized photographs for the loan application. These are used for verification and to complete the application form. You may need to submit two or more recent passport-sized photos.

6. Bank Statements

Your bank statements are used to check your financial stability and ensure that you have a consistent income stream. Lenders will typically ask for your bank statements from the last 3-6 months. These statements will help them assess your ability to repay the loan based on your monthly deposits and withdrawals.

7. Loan Application Form

When applying for a personal loan, you must fill out the lender’s loan application form. This form will ask for basic details such as:

Full Name

Contact Information (Email and Phone Number)

Employment Details

Financial Information

Loan Amount and Tenure Request

Make sure to fill out the application form accurately and honestly. Any discrepancies in the form could delay the approval process.

8. Other Supporting Documents (If Applicable)

Depending on the lender’s requirements and your individual situation, you may need to submit additional documents, including:

Marriage Certificate (if the loan application is made jointly with a spouse)

Property Documents (if you are pledging property for securing the loan)

Credit Report: Some lenders might ask for a credit report to assess your creditworthiness.

How to Submit Your Loan Documents

Once you have all the required documents, you can submit them through multiple channels:

Online Submission: Many lenders allow you to upload your documents via their website or mobile app for faster processing.

In-Person Submission: If you prefer, you can visit the bank or lender’s branch and submit the documents physically.

Email Submission: Some lenders may also accept document submissions through email.

Lenders Offering Personal Loans

If you’re ready to apply for a personal loan, here are some options you can consider:

Axis Finance Personal Loan: Link to Axis Finance Personal Loan

Axis Bank Personal Loan: Link to Axis Bank Personal Loan

These lenders offer a wide range of personal loan options, each designed to meet various financial needs. Before applying, be sure to check their eligibility criteria and document requirements.

Applying for a personal loan involves more than just filling out an application form. You need to submit a variety of documents to prove your identity, income, and ability to repay the loan. By gathering the necessary documents ahead of time, you can streamline the application process and improve your chances of approval. Always double-check the document list from your chosen lender to ensure that you have everything ready.

A personal loan can be a powerful financial tool, and with the right documents in place, you can quickly access the funds you need to address your financial goals.

For more details and to explore personal loan options, visit:

Axis Finance Personal Loan

Axis Bank Personal Loan

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Personal Loan Provider in Delhi NCR

The National Capital Region (NCR), encompassing Delhi and its surrounding areas, is one of India's most vibrant and bustling regions. With a rapidly growing population and dynamic economic activities, the demand for personal loans in Delhi NCR has surged in recent years. Personal loans offer a quick and efficient way to meet various financial needs, from medical emergencies and home renovations to education expenses and debt consolidation. This article provides a comprehensive overview of the leading personal loan providers in Delhi NCR, detailing their offerings, benefits, and application processes.

1. HDFC Bank

HDFC Bank is one of the largest and most trusted private sector banks in India. It offers personal loans tailored to the needs of residents in Delhi NCR.

Loan Amount and Tenure: HDFC Bank offers personal loans ranging from ₹50,000 to ₹40 lakhs with flexible repayment tenures from 12 to 60 months.

Interest Rates: Interest rates for HDFC personal loans start at around 10.50% per annum, which can vary based on the applicant's profile and creditworthiness.

Eligibility: Salaried individuals with a minimum monthly income of ₹25,000 are eligible. Applicants need to be between 21 to 60 years old.

Processing Time: HDFC Bank is known for its quick disbursal, often within 24 hours of loan approval.

Special Features: Pre-approved offers for existing customers, minimal documentation, and an easy online application process.

2. ICICI Bank

ICICI Bank is another major player in the personal loan segment in Delhi NCR, offering competitive rates and flexible options.

Loan Amount and Tenure: ICICI Bank provides personal loans from ₹50,000 up to ₹20 lakhs with repayment periods ranging from 12 to 60 months.

Interest Rates: Interest rates start from 11.25% per annum, varying based on the borrower’s credit profile.

Eligibility: Salaried individuals aged between 23 and 58 years with a minimum monthly income of ₹17,500.

Processing Time: ICICI Bank promises quick loan processing, with funds disbursed within 3 seconds for pre-approved customers.

Special Features: Online loan management, balance transfer options, and minimal paperwork for existing customers.

3. State Bank of India (SBI)

State Bank of India, the country’s largest public sector bank, offers personal loans with attractive terms for residents of Delhi NCR.

Loan Amount and Tenure: SBI offers personal loans up to ₹20 lakhs, with repayment tenures from 12 to 72 months.

Interest Rates: The interest rates start at 10.90% per annum, depending on the applicant’s profile and loan amount.

Eligibility: Both salaried and self-employed individuals are eligible. Salaried individuals need to have a minimum monthly income of ₹15,000.

Processing Time: While the processing might be slightly longer compared to private banks, SBI is known for its transparent processes and customer-friendly terms.

Special Features: No hidden charges, overdraft facility, and special rates for pensioners and government employees.

4. Axis Bank

Axis Bank offers personal loans with quick processing and competitive rates, making it a popular choice in Delhi NCR.

Loan Amount and Tenure: Axis Bank provides loans ranging from ₹50,000 to ₹15 lakhs, with repayment terms of 12 to 60 months.

Interest Rates: Interest rates start from 10.49% per annum.

Eligibility: Salaried individuals aged between 21 and 60 years with a minimum monthly income of ₹15,000.

Processing Time: Axis Bank offers quick approval and disbursal, often within 48 hours.

Special Features: No requirement for collateral, balance transfer facility, and customized loan offerings for existing customers.

5. Bajaj Finserv

Bajaj Finserv is a leading non-banking financial company (NBFC) that offers personal loans with flexible terms.

Loan Amount and Tenure: Bajaj Finserv provides personal loans up to ₹25 lakhs with repayment tenures ranging from 12 to 60 months.

Interest Rates: Interest rates start from 13% per annum, depending on the borrower’s credit profile.

Eligibility: Salaried individuals with a minimum monthly income of ₹25,000. Applicants must be between 23 and 55 years old.

Processing Time: Known for its swift approval process, Bajaj Finserv disburses loans within 24 hours of approval.

Special Features: Pre-approved offers, minimal documentation, and the Flexi Loan facility that allows interest-only EMIs.

6. Kotak Mahindra Bank

Kotak Mahindra Bank provides personal loans with attractive terms and quick processing for Delhi NCR residents.

Loan Amount and Tenure: Kotak Mahindra Bank offers personal loans from ₹50,000 to ₹20 lakhs with tenures ranging from 12 to 60 months.

Interest Rates: Interest rates start at 10.99% per annum.

Eligibility: Salaried individuals aged between 21 and 60 years with a minimum monthly income of ₹20,000.

Processing Time: The bank ensures fast processing, with loan disbursal within a few days.

Special Features: Online application, part-prepayment facility, and balance transfer options.

7. Fullerton India

Fullerton India is another reputable NBFC offering personal loans to residents of Delhi NCR.

Loan Amount and Tenure: Fullerton India provides loans up to ₹25 lakhs with repayment periods of 12 to 60 months.

Interest Rates: Interest rates start at 11.99% per annum.

Eligibility: Both salaried and self-employed individuals can apply. Salaried applicants need to have a minimum monthly income of ₹20,000.

Processing Time: Fullerton India is known for its quick loan processing and disbursal within 72 hours.

Special Features: Flexible loan options, easy online application, and minimal documentation.

Tips for Choosing the Right Personal Loan Provider

Compare Interest Rates: Always compare the interest rates offered by different lenders. Even a slight difference in rates can significantly impact the total repayment amount.

Check Eligibility Criteria: Ensure you meet the eligibility criteria before applying to avoid rejection and a negative impact on your credit score.

Read the Fine Print: Understand all terms and conditions, including fees, prepayment charges, and penalties, before signing any loan agreement.

Evaluate Customer Service: Opt for lenders with good customer service and support to ensure a smooth borrowing experience.

Look for Special Features: Some lenders offer additional benefits like pre-approved loans, flexible repayment options, and balance transfer facilities, which can be advantageous.

Conclusion

The demand for personal loan online in Delhi NCR is met by a variety of banks and NBFCs, each offering unique benefits and terms. Whether you choose a traditional bank like HDFC or SBI, or an NBFC like Bajaj Finserv or Fullerton India, it’s crucial to thoroughly research and compare your options. By doing so, you can secure a personal loan that best suits your financial needs and ensures a stress-free borrowing experience.

[quikkloan]

Best Personal Loan Interest Rates Online 2020

Personal Loan, a financial instrument to fulfil your short-term as well as long-term personal needs. Lenders offer this unsecured credit at affordable or low-interest rates, based on the eligibility of the borrowers. enders consider many factors such as credit history, CIBIL score, income, repayment capacity, and category of the employer before giving personal loan approval or rather deciding the personal loan interest rates. Thus, Salaried individuals should keep in mind to compare lenders on numerous parameters to enjoy the best personal loan interest rates online in 2020.  What are Interest Rates? An interest rate is what a bank or NBFC charges to a borrower for lending the funds/money. In simple words, if a borrower wants to avail a loan/fund, he/she has to pay a charge in the form of interest rates to a lender. The interest rates are usually calculated and added to the Equated Monthly Installments (EMIs) that a borrower has to pay every month to a lender in order to repay the loan amount. Personal loan interest rates vary from one lender to another and are available at fixed and floating interest rates.  Types of Personal Loan Interest Rates  Fixed Interest Rates: Here, the interest rates are fixed for the entire loan tenure or repayment schedule. The EMIs are static in this case and the Interest is applied on the entire loan amount till the completion of the loan tenure.  Floating Interest Rates: In the case of floating, the interest rates are variable, hence are subject to change from time-to-time. When a personal loan interest rate reduces, the repayment burden(EMI) will also reduce, and vice-versa. Over a period of time, it is considered to be the better option due to the reduction in Interest Payable. Personal Loan Interest Rates Online, January 2020 ParticularsDetailsInterest RatesStarting at 10.99% per annumLoan AmountRs.50,000-Rs.50 lakhTenureUp to 5 YearsMinimum EMI (Per Month)Rs.1,087-1,08,687Processing FeeUp to 2.50% of the loan amount+GST The above EMI calculation is for a maximum tenure of 5 Years. Compare Best Personal Loan Interest Rates of All Banks/Lenders in India, 2020 LendersInterest Rates(in per annum)Loan AmountTenureProcessing FeeSBI11.45%-14.90%Up to 20 lakhUp to 5 Years1% of the loan amountICICI Bank11.25%-22%50,000-20 lakhUp to 5 YearsUp to 2.25% of loan amount +GSTHDFC Bank10.75%-21.30%There's no maximum limit. Your income, credit score and repayment capacity will dictate the loan amounttUp to 5 YearsUp to 2.50% of the loan amountBajaj Finserv12.99% onwardsUp to 25 lakhUp to 5 YearsUp to 4.13% of the loan amount+GSTKotak Mahindra BankStarting 10.99%Rs.50,000-15 lakhUp to 5 YearsUpto 2.5% of the loan amount + GST Axis Bank12%-24%Rs.50,000-15 lakhUp to 5 Years1.50%-2.00% of the loan amount plus applicable GSTPunjab National Bank9.95% - 14.50%Up to 4 lakhUp to 5 Years1.80% of the loan amount plus applicable GSTPunjab & Sind Bank12.45%-12.70%Up to 3 lakhUp to 5 Years1% of the loan amountYes BankStarting 10.99%Rs.1lakh-Rs.40 lakhUp to 5 YearsUpto 2.50% of the loan amount +GSTHSBC Bank10.50%-17.84%Up to Rs.15 lakhUp to 5 YearsUp to 1% of the loan amountCiti BankAs applicable at the time of signing the loan agreementRs.50,000- Rs.30 lakhUp to 5 YearsUp to 3% of the loan amountIDFC First BankAs applicable at the time of signing the loan agreementBased on borrower’s eligibilityUp to 5 Years Up to 3.5% of the loan amountInduslnd Bank11.25%onwardsRs.50,000-Rs.15 lakhUp to 5 YearsUp to 2.50% of loan amount+GSTAditya BirlaStarting at 14%Rs.50,000-Rs.50 lakhUp to 5 Years2% of the loan amountFullerton India12.99%-36%Up to Rs.25 lakhUp to 5 YearsUp to 3% of the loan amount Top Factors Affecting Personal Loan Interest Rates Personal Loan Eligibility Factors: When it comes to giving approval for best personal loan 2020, lenders take into account other eligibility factors like: Income - AgeTenureRelationship with a LenderLoan AmountPurpose of LoanCo-applicant/GuarantorDocuments How to Get Personal Loan at Lowest Interest Rate-Best Ways You Should Follow Maintain a Good Credit Score: A credit/cibil score of above 700 out of 900 is considered to be fair enough in grabbing the lowest personal loan interest rates.  And this practice can be done by keeping your credit utilization ratio within the 30%-40% limit. Monitor your spending habits and patterns and try to keep a lid on your extra expenses so that it becomes easy to maintain a good score.  The first-time loan borrowers should be extra careful here as building a score from scratch needs rigorous efforts and ample time(6 or 9 months). As you have no or (-1) credit history, thus it is advisable to keep a fair/minimum amount in the savings bank and avoid cheque bounces. The lenders will judge such applicants based on the factors mentioned above. Thus, keeping them in mind can help in availing a lower personal loan interest rate.     Fair Credit / Repayment History: Pay all your dues in full and on time so that you can have a good credit/repayment history to show. Be it any loan or credit card, make sure you will clear debt or pay EMI on or before the due date. Doing so makes your loan profile looks less risky to lend money at attractive interest rates.  Compare Lenders: A competitive personal loan interest rate can also be availed through comparison. Different lenders offer different interest rates, thus for the best personal loan online always compare them and select a lender, offering the lowest interest rate. However, do not forget to compare lenders on other parameters also: Loan AmountTenureProcessing Fee & Other ChargesEMIsApproval TimeLoan Disbursal Nature of Your Employment & Employment: If a loan borrower is a Government Employee or if the company he works comes under CAT, CAT B, listed under Fortune100 or 500, the chances are higher for him to enjoy competitive interest rates. Lenders prefer applicants, belong to these categories and if a combination of both can be found in a borrower, getting an attractive interest rate would be a cakewalk.   Show Job and Income Stability: The more you switch your job, the less income stability you have, hence a thin credit profile. And, this situation can lead to uncertainty, making your loan profile more risky in front of the lenders. Especially, if you are a salaried professional. Thus, show some stability in your financial life and become personal loan ready.     Loan Repayment Capacity & Monthly Expenses: Income plays a crucial role here when it comes to judging a borrower on both factors. If your monthly income is good enough and you manage to spend wisely in a month by savings a fair portion of your income, you are in a healthy state. A good income is an indication of good repayment capacity if your monthly expenses are relatively less than your income. But in case an individual has other financial responsibilities or liabilities such as Mutual Funds(SIPs), Insurance Policies, Credit Card/s, Existing Loan/s, and his income bracket is also less, such a credit profile would be dicey for lenders thus expect a higher interest rate. Follow these above steps and enjoy a personal loan journey at lowest interest rates.  #Fintech #StartupIndia #Startup #PersonalFinance #digitalloan #personalLoan #businessLoan #Finance #IndianStartup #startupbootcamp #fintechNews #angelInvestment #banking Read the full article

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Personal Loan Interest Rates Comparison: Check The Different Bank’s Site

Even you know the best option to fulfill the desires also should remember a few things which can helpful for you while applying for a personal loan. When you want the exact idea of the monthly payments, the customers should check the rate of interest and other applicable charges as banks charge as processing fee. Your healthy credit score can play an important part so that the lenders can give approval without an issue. Personal loan interest rates comparison help to get the instant extra fund to the bank, as you know it’s an unsecured loan the maximum loan amount is generally Rs 30 lakhs.

You can apply for a personal loan for a various purpose like home renovation, wedding, study, the medical emergency and more. You can apply for it need to follow simple steps. As it’s an unsecured loan, provide minimal KYC with information related to your employment detail, the name as per PAN card and address detail.

Your main concern may be how can you find the best bank who can give a personal loan interest rate as per your convenience or the lowest interest rate? Login the personal loan site and compare a different bank’s interest rates. In short, to keep you away from this dilemma, the lenders can provide you personal loan interest rates comparison chance. Because they understand, when you have many banks in the market have a doubt and need the right path to choose a lowest-interest rate provider bank.

Don’t forget to choose a bank after comparing many banks not only interest rate parameter but also on other factors. Apart from rates, should know the tenure, fee, charges, loan amount, EMIs and more for grabbing the best deal.

Interest Rates Comparison Depends On Different Banks Criteria

Before you can take a loan from any favorite bank of yours should check online a few top banks personal loan interest rates comparison.

SBI Personal Loan Interest Rate

They have a several personal loan scheme, as the SBI is known for the lowest interest rate service. Let’s know the different scheme of SBI.

Xpress Credit Personal Loan: This loan for them who are working with any reputed company that means for a salaried individual avail this facility. The interest rate starts from 11.45% to 15.35% per annum.

Xpress Elite Scheme: Those have a savings account on SBI or another bank this facility for them. The range starts from 10.95% to 12.70% per annum.

Xpress Bandhan Scheme: This scheme for those salaried employees who are not maintaining the salary account with the SBI. The rate range starts from 12.85% to 15.20% per annum.

SBI Pension Loan: All central, state government or defense pensioner can get the benefits. The rate of this scheme 11.90% per annum.

HDFC Personal Loan Interest Rate: HDFC is one of the best banks in the private sector. They provide the lowest interest rate loan, starts from 11.25% to 21.50% per annum.

Axis Bank Personal Loan Interest Rate: It’s the third largest bank in the private sector. The rates start at 15.50% to 24% per annum.

Now you can decide which bank give you the lowest interest rate that means personal loan interest rates comparison is here, need to look and fulfill your desires.

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With the growth in the number of digital avenues for availing products/services, along with the government’s Digital India program, we have showcased acceptance towards the advantages offered by digital transactions. When we say digital transactions, we mean online shopping using your credit card or making payments towards ticket booking or making loan EMI repayments. Being a digital lending platform, everything, at Loan Singh, i.e. from personal loan application to loan amount disbursement, happens digitally.

Click here, to understand all about a personal loan in India

Internet Banking Meaning

A new era was ushered in when internet banking was introduced within the banking sector. You could call it ‘revolutionary’, as it improved the way banks operated. Shortly after netbanking took over, money transfer methods including NEFT were introduced to make it convenient for customers to transact.

There was complete control over bank account and your credit card, thanks to the online banking method called netbanking. A major reason why netbanking is so popular is because it was adopted by reputed financial institutions including banks. To get your internet banking enabled, speak to your local bank branch. Fill up the form they provide you and you are good to go. It’s that simple!

Despite so much awareness being generated by banks and Loan Singh as well, to promote the effective usage of netbanking, some of you have still not adopted internet banking as an option.

There are many more reasons as to why accessing your bank statement via internet banking is safer and easier.

Click here, to understand everything about credit score in India

Net Banking Meaning

Internet banking refers to a set of banking services provided by banks to be performed via the internet. Internet banking is performed through your computer system or smartphone which connects to your bank’s server for any transaction or action. Banking is now no more limited to repeated visits to the bank in-person. You can do most of the banking activities via internet banking. You can easily keep track of your account transactions and balance. Some services that you can perform via Internet banking are:

Accounts Summary

Track your savings account transactions and balance.

Start and manage a Fixed Deposit, a Recurring Deposit or even an FCNR (Foreign Currency Non Repatriable) deposit

Get an overdraft against a fixed deposit

Fund Transfer

Transfer funds within the same bank (between Re.1 to Rs.10 Lakhs per day)

Instant fund transfer usingIMPS

Transfer funds to any other bank’s account viaNEFT

PerformRTGS between amount Rs.2 Lakhs to Rs. 10 Lakhs

Access to UPI

Transfer funds to someone outside of the country

Enquiry

Download a transaction statement

Track the status of Fixed or Recurring deposits, if any

Track any cheque transactions

Enquire about TDS (Tax Deducted at Source)

Request

Request the bank for a credit bureau report

Update your KYC information

Request for a new Cheque book

Request the issuing of Demand Draft which is couriered to the applicants updated address

Update Permanent Account Number (PAN Card Number)

Submission of Form 15H (No Tax deduction at TDS for Senior Citizens) & 15G (for others)

File your Income Tax Returns

Miscellaneous

E-Payments for bills like telephone, gas etc.

Send in a request for a new Credit Card, Debit card pin generation, Forex Card or Gift card

Invest in Mutual Funds

Purchase Insurance for protection, savings, health etc.

Offers on interest rates by banks

Netbanking Safety Tips

There are many advantages that Internet banking provides compared to traditional ones, making it easier to operate a bank account.

You can perform multiple financial operations at one portal. No need to stand in queues to update your passbook or pay bills.

It is available 24×7 and 365 days a year at your disposal. Now, with telecom companies making 4G Internet available, you can operate your internet banking account on the go.

Fund transfer happens quickly from your account to others, also allowing you to monitor your account against any fraudulent activity or threat.

You can easily update personal information such as PAN, Aadhaar, etc.

Your personal and financial information is stored in your bank’s internet banking account so it is important to be careful when banking online. Some tips to ensure safety while internet banking, are:

Secured Connection

When connecting to your netbanking account, make sure you do so from a trusted network.

A padlock icon on the left-hand side of the netbanking URL means the connection is encrypted

Make it a habit to include ‘https’ at the beginning of each URL

Safe Browser

A good practice is to logout from a netbanking session thus preventing session hacks. And clear your cache at the end of a session removing traces of sessions from your history. You can even use browser’s incognito mode.

Strong Password

Use a combination of upper and lower-case letters, numbers and symbols to make it unique.

When providing answers to security questions setup by the bank, they don’t have to be genuine.

Keep changing the password at least once in 2 months.

Encryption

Always try and remember to switch-off your wi-fi when not in use. Do the same for Bluetooth. Avoid using unknown or public wi-fi/hotspots as information sent over an unsecured wireless network is information sent in plain sight – basically opening your internet banking website to anyone on that wireless network.

Protection Software

Use antivirus software on your system which prevents attacks from trojans and other malware.

Keep your operating system and other software updated.

Click here, to understand everything about credit score in India

NEFT Meaning

National Electronic Fund Transfer (NEFT) is a national payment system, which supports one to one electronic funds transfer and it is one of the most prominent system of India. This electronic facility is provided to customers of the bank to transfer their funds easily and securely. Via this system, the funds are transfer through an electronic message. NEFT facility is available in 35,000+ bank branches all over the country. There is no minimum or maximum limit for a NEFT transfer, but there is a Rs. 50,000 limit for cash based remittances.

A NEFT transaction allows you to carry out a one-to-one money transfer in the quickest possible time. For such a transfer, you’re just required to enter the bank details of the beneficiary and the IFSC code of your bank branch. NEFT allows you to perform one-to-one money transfer quickly. All you need to is to login to your netbanking account, enter the beneficiary details such as account number, IFSC code and voila! Transfer Complete!.

NEFT Advantages

NEFT has gained popularity due to its time saving and easy to use facet. While performing a NEFT transaction, it is paramount that both the sending and receiving bank branches are NEFT enabled. Simply fill up a form available at the bank branch, add in the amount to be transferred, the receiver’s bank details including account number and IFSC code. The service charges for NEFT transaction depends upon the amount to be transferred. For example, if the service charge for transferring an amount greater than 1 lakh is Rs.5+ service tax.

NEFT is secure and efficient –  NEFT is a highly efficient process. It is also one of the fastest modes of money transfer between banks. With very less chances of error thanks to limited inputs to be added, NEFT is highly sought after.

NEFT is cost effective – Another benefit of NEFT is the low cost or charges. The cost incurred is nominal as compared to other money transfer processes such as money order or demand draft. This is also the reason why majority of businesses make use of NEFT for crediting employee salaries etc.

NEFT is reliable – The RBI is the main coordinating agency for the process of NEFT. With low risk and swift transfer of financial transactions, its reliability is very high.

NEFT eliminates delay – The necessary backend processes are executed quickly, normally within a day. This ensures that the receiver gets the funds quickly within his/her respective account.

Net Banking in Personal Loan

At Loan Singh, we expect our borrowers to provide us with their latest 6 months bank statement, Aadhaar and PAN card in PDF format only. We have built a system that accepts as input only PDF documents, which helps us to process the loan application faster, thereby providing you – the applicant, with a swift process.

PDF format also prevents any over writing or tampering. It is advisable to download the bank statement from your netbanking account (in PDF format) and apply for the personal loan at www.loansingh.com

In fact, we insist that you go and login into your internet banking account from the Loan Singh website when applying for the personal loan. Nothing to worry, your information is completely safe with Loan Singh. Our internet banking partner – Perfios, is an ISO 27001 (2013 standard) certified company ensuring 100% security, and is trusted by big financial brands such as AXIS Bank, HDFC Bank, and more. You receive your loan disbursement via NEFT itself. So, now you know why net banking and NEFT are so crucial in today’s digital day and age. The purpose of the bank statement is to look at your monthly income and financial stability and the PAN Card number helps us to request your credit bureau report, if any, to determine if the borrower is credit worthy. At Loan Singh, we don’t just use the conventional methods for assessing a consumer’s credit worthiness. We have our proprietary algorithm to calculate credit score based on multiple factors such as social footprint, academic & professional background, and more.

Applying for a loan on Loan Singh is safe, thanks to the presence of a Secure Socket Layer that maintains an encrypted link between the web server and the browser.

So remember, Loan Singh provides a 3 document loan or a minimum document loan. Loan Singh provides quick loan in India thanks to its seamless digital lending platform. For a fast personal loan in India, go to www.loansingh.com.

About Loan Singh

Loan Singh is a digital lending platform that prides in providing online personal loan or unsecured personal loan to salaried individuals. You can apply for quick funds as an easy emergency loan which is not a bank loan. We provide a loan with the best personal loan interest rates. The instant funds, or instant loans, are loans between Rs.50,000 and Rs.5,00,000 taken for purposes such as:

Home improvement loan/Home renovation loan

Marriage loan/ Wedding loan

Medical loan

Used vehicle loan

Consumer durable loan

Vacation loan

Debt consolidation loan

Credit card refinancing loan

Job relocation loan

Travel loan

Festival loan

Gold jewelry loan

Shopping loan

Lifestyle loan

You can calculate your easy EMIs using our personal loan EMI calculator. We accept bank statement, PAN, and Aadhaar for quick loan approval. A bad credit score or credit report errors can lead to personal loan rejection. The ‘Loan Singh Finance Blog’ is one of the best finance blogs in India. Loan Singh is a product of Seynse Technologies Pvt Ltd and is a partner to the Airtel Online Store.

Loan Singh’s Online Presence

Loan Singh is not an anonymous digital platform. We are present on almost all leading social media platforms. All you need to do is look for us. You can find us on Loan Singh Facebook, Loan Singh Twitter,Loan Singh YouTube, Loan Singh Pinterest, Loan Singh Instagram, Loan Singh LinkedIn, Loan Singh Blogarama, Loan Singh Google Review, Loan Singh Medium, Loan Singh Reddit, Loan Singh Tumblr, Loan Singh Scoop It, Loan Singh Storify, Loan Singh Digg and Loan Singh Blogger.

Click here to read about Credit Bureaus and Free Credit Score Checks…

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New Post has been published on https://payment-providers.com/salary-finance-notches-20m-in-series-b/

Salary Finance Notches $20M In Series B

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Welcome to The Axis, your late look at payments news from around the world. Coverage includes U.K.-based Glint teaming up with partners for a U.S. rollout. In addition, U.K.-based Salary Finance has notched $20 million in Series B funding, and Australian business-only bank Tyro has announced an agreement with Alipay to offer an Electronic Funds Transfer at Point Of Sale (EFTPOS) solution. 

U.K.-based Glint is set to roll out a global currency account in the U.S. that allows users to utilize gold as money, the company said in announcement. To that end, Glint is teaming up with Sutton Bank for Mastercard issuing, as well as Galileo Processing for automated clearing house (ACH) and card processing.

“It’s been an invigorating experience working with leaders in the U.S. innovative payment sector,” Glint co-founder Ben Davies said in the announcement.“With their expertise we aim to provide everyone in the U.S. the chance to use a safe and independent money, that of gold, just as we are doing in the U.K. and Europe.”

In other news,  Salary Finance, also based in the U.K. has notched $20 million in Series B funding led by Blenheim Chalcot and financial services giant Legal & General. With the funds, the company plans to launch and scale its service in the U.S. and support its growth in the U.K.  Salary Finance works with companies to offer employees savings, competitive loans and financial education, as, according to the comapny, approximately 40 percent of the British workforce has less than £100 (US$128.74) in savings.

“We are delighted to build on our success in the U.K. with our U.S. launch,” Salary Finance CEO Asesh Sarkar said. “We see the same societal challenges in the U.S., with 40 percent of American employees lacking any real savings and carrying personal debt, particularly high-interest debt like credit cards and payday loans. This becomes a never-ending way of life for many, impacting their engagement and productivity at work.”

Australian business-only bank Tyro has announced an agreement with Alipay to become the first bank in the country to offer an EFTPOS solution, the company said in an announcement. Tyro said it is in the process of working with merchants to find appropriate pilot sites, and the company plans to launch the offering by the end of the year. In all, the bank plans to offer Alipay to more than 20,000 businesses from the second quarter of next year.

Alipay, Asesh Sarkar, Ben Davies, Blenheim Chalcot, Galileo Processing, Glint, Legal & General, News, Salary Finance, Sutton Bank, Tyro

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[fincrif]

Documents Required for a Personal Loan

Applying for a personal loan requires careful planning and documentation to ensure a smooth approval process. Lenders have specific eligibility criteria and documentation requirements that applicants must meet. Understanding these requirements can increase your chances of approval and make the loan application process hassle-free.

Why Do Lenders Require Documents for Personal Loans?

Lenders ask for documents to verify an applicant's identity, financial stability, and repayment capacity. This helps them assess the risk associated with lending money and determine the interest rate, loan amount, and repayment tenure.

Essential Documents Required for a Personal Loan

While the exact documents may vary from lender to lender, here are the key documents typically required when applying for a personal loan:

1. Identity Proof

Lenders require identity proof to verify the applicant's authenticity and ensure compliance with KYC (Know Your Customer) norms. Acceptable identity proof documents include:

Aadhaar Card

PAN Card

Passport

Voter ID

Driving License

2. Address Proof

Proof of residence is necessary to confirm the applicant’s current address. Commonly accepted address proof documents include:

Utility Bills (Electricity, Water, or Gas – not older than 3 months)

Aadhaar Card

Passport

Rental Agreement

Voter ID

Driving License

3. Income Proof

Income proof helps lenders evaluate an applicant’s financial stability and repayment capacity. The required documents differ for salaried and self-employed individuals.

For Salaried Individuals:

Latest 3 to 6 months’ Salary Slips

Form 16 or Income Tax Returns (ITR)

Bank Statements for the last 6 months

Employment Certificate or Offer Letter (for newly employed individuals)

For Self-Employed Individuals:

Business Registration Certificate

Income Tax Returns (ITR) for the last 2-3 years

Profit & Loss Account Statement and Balance Sheet

Bank Statements for the last 6 months

4. Employment Proof

To verify job stability and employment history, lenders may request documents such as:

Appointment Letter

Employee ID Card

Company’s Certificate of Incorporation (for self-employed individuals)

5. Loan Application Form & Passport-Sized Photographs

Most lenders require applicants to fill out a loan application form and submit passport-sized photographs along with the necessary documents.

Additional Documents (Case-Specific Requirements)

Depending on the applicant's profile and loan type, additional documents may be required, such as:

Existing Loan Statements: If you have any ongoing loans, lenders may request previous loan statements to assess your financial obligations.

Co-applicant or Guarantor Documents: If applying with a co-applicant, their identity, address, and income proof will also be required.

Property Documents (For Secured Loans): Some personal loans may require collateral, and property-related documents may be necessary.

Documents Required by Top Lenders

Different financial institutions have their specific documentation requirements. Here’s a quick overview of the requirements by some leading lenders:

1. IDFC First Bank Personal Loan

For more details, visit: IDFC First Bank Personal Loan

2. Bajaj Finserv Personal Loan

For more details, visit: Bajaj Finserv Personal Loan

3. Tata Capital Personal Loan

For more details, visit: Tata Capital Personal Loan

4. Axis Finance Personal Loan

For more details, visit: Axis Finance Personal Loan

5. Axis Bank Personal Loan

For more details, visit: Axis Bank Personal Loan

6. InCred Personal Loan

For more details, visit: InCred Personal Loan

How to Ensure a Smooth Loan Application Process

To enhance your chances of approval, follow these tips:

Check Eligibility Criteria: Review the lender’s eligibility criteria before applying to avoid rejection.

Prepare All Necessary Documents: Keep all required documents handy to speed up the verification process.

Maintain a Good Credit Score: A high credit score increases approval chances and ensures better interest rates.

Compare Loan Offers: Evaluate different lenders to find the most suitable loan terms.

Avoid Multiple Loan Applications: Too many loan applications in a short period can negatively impact your credit score.

A personal loan can be a financial lifesaver when managed responsibly. Ensuring you have all the required documents in place can make the loan approval process quick and hassle-free. By understanding the lender’s requirements and preparing in advance, you can secure the best loan offers with favorable terms.

For more details and to explore loan options, visit:

IDFC First Bank Personal Loan

Bajaj Finserv Personal Loan

Tata Capital Personal Loan

Axis Finance Personal Loan

Axis Bank Personal Loan

InCred Personal Loan

[fincrif]

Everything You Need to Know About Personal Loan Interest Rates, Eligibility Criteria, and Documentation

Personal loans have become an essential financial tool for managing expenses like home renovations, debt consolidation, weddings, or emergencies. To make the most of a personal loan, it's crucial to understand the factors that impact interest rates, the eligibility criteria, and the documents required for approval.

In this article, we'll explore these aspects and provide insights into popular personal loan offerings from trusted lenders. Explore the best options at FinCrif Personal Loan.

Understanding Personal Loan Interest Rates

Interest rates play a significant role in determining the cost of a personal loan. These rates depend on several factors, including the lender's policies, your creditworthiness, and the loan amount.

Types of Interest Rates

Fixed Interest Rates:

The interest rate remains constant throughout the loan tenure.

Offers predictable EMIs, making financial planning easier.

Floating Interest Rates:

The rate fluctuates based on market conditions.

EMIs may vary over time, potentially reducing your total repayment if rates decrease.

Factors Affecting Interest Rates

Credit Score: A higher credit score (650 or above) indicates financial stability, often leading to lower interest rates.

Loan Amount and Tenure: Larger loan amounts or longer repayment periods might impact interest rates.

Income Stability: Lenders prefer applicants with a steady income, as it reduces the risk of default.

Lender-Specific Policies: Interest rates vary across financial institutions. Explore these popular lenders:

IDFC First Bank Personal Loan

Bajaj Finserv Personal Loan

Tata Capital Personal Loan

Eligibility Criteria for Personal Loans

Each lender has specific eligibility criteria that borrowers must meet. While the exact requirements may vary, here are some common factors:

1. Age Requirements

Minimum: 21 years

Maximum: 60 years (at loan maturity)

2. Employment Status

Salaried Individuals:

Must work with a reputed public or private sector organization.

Minimum monthly income: ₹20,000 or as per lender requirements.

Self-Employed Professionals:

Income should meet the lender's minimum threshold.

Business vintage of 2–3 years is preferred.

3. Credit Score

A good credit score (650+) increases approval chances and ensures better interest rates.

4. Residential Status

Applicants must be Indian residents.

Some lenders may require proof of current address stability.

5. Financial History

Past repayment history of loans and credit cards is a critical consideration.

Explore lenders offering flexible eligibility:

Axis Finance Personal Loan

Axis Bank Personal Loan

Documents Required for a Personal Loan

Proper documentation ensures a smooth loan approval process. Here's a checklist of common documents:

1. Identity Proof

Aadhaar Card

PAN Card

Passport

Voter ID

2. Address Proof

Utility Bill (Electricity, Water, Gas)

Rent Agreement

Driving License

3. Income Proof

Salaried Employees:

Latest 3 months’ salary slips

Bank statements reflecting salary credits

Self-Employed Individuals:

Income Tax Returns (ITRs) for the last 2–3 years

Bank statements for the last 6 months

4. Employment Proof

Offer letter or employment certificate from the current employer.

5. Recent Photographs

Passport-sized photographs as per lender specifications.

Check specific document requirements with lenders like:

InCred Personal Loan

Tata Capital Personal Loan

Why Choose a Personal Loan?

1. No Collateral Required

Personal loans are unsecured, eliminating the need to pledge assets like property or jewelry.

2. Flexible Usage

Use the loan amount for any purpose—education, travel, emergencies, or debt consolidation.

3. Quick Disbursal

Lenders like FinCrif ensure that loans are disbursed within hours of approval.

4. Customizable Repayment Options

Choose tenures ranging from 12 months to 84 months based on your financial comfort.

Popular Personal Loan Providers on FinCrif

1. IDFC First Bank Personal Loan

Competitive interest rates starting from 10.49%.

Flexible repayment tenure up to 60 months.

Minimal documentation for a hassle-free process.

Explore more at IDFC First Bank Personal Loan.

2. Bajaj Finserv Personal Loan

High loan amounts up to ₹25 lakh.

Pre-approved offers for existing customers.

Instant approval and quick disbursal.

Visit Bajaj Finserv Personal Loan for details.

3. Tata Capital Personal Loan

Affordable interest rates and flexible EMIs.

Loans tailored to your needs with tenures up to 6 years.

Easy online application process.

Learn more at Tata Capital Personal Loan.

4. Axis Bank Personal Loan

Attractive interest rates starting from 10.50%.

Special benefits for salaried employees.

Digital approval for quick processing.

Find out more at Axis Bank Personal Loan.

5. InCred Personal Loan

Fast approvals for a variety of financial needs.

Personalized offers based on credit profile.

Loans up to ₹40 lakh with minimal paperwork.

Visit InCred Personal Loan for additional details.

Tips for Getting the Best Personal Loan

Compare Interest Rates: Use platforms like FinCrif to evaluate interest rates across lenders.

Improve Your Credit Score: Clear outstanding debts and avoid missed payments to boost your score.

Opt for a Shorter Tenure: While longer tenures reduce EMIs, shorter tenures help you save on interest.

Negotiate with Lenders: If you have a good credit history, negotiate for lower rates or processing fees.

Understanding the intricacies of interest rates, eligibility criteria, and documentation is crucial for securing the best personal loan. FinCrif simplifies the process by connecting you with top lenders like IDFC First Bank, Bajaj Finserv, Tata Capital, Axis Bank, and InCred.

Visit FinCrif Personal Loan to explore your options and apply today. With competitive rates, flexible terms, and a streamlined application process, your financial goals are just a few steps away!

[financesevas-world]

Axis Bank Personal Loan

Do you need urgent funds for any emergency whether for children higher studies, cover-up medical expenses or pay off other debts & much more, Axis Bank personal loan stands here to solve your problems.

Axis Bank Personal Loan Features & Benefits

Features:-

Low interest rates

Flexible tenures and repayment options

Minimal documentation and

Quick approval

Collateral free

Benefits:-

Personal loan funds can be utilized for multiple purposes & it is the core benefit of this loan:-

Used in wedding

Holiday trip

Business investment

Covering Medical Expenses

Home construction and renovation

Axis Bank Personal Loan Interest Rates, Processing fees & tenure

Processing FeesUp to 2% of the Loan Amount

Foreclosure charges

5% for 0 - 12 Months

4% for 12 - 24 Months

3% for 24 - 36 Months

2% for greater than 36 months

+ GST as applicable.

Loan amountBased on customer profile

Interest Rate Axis bank personal loan interest rate is starting @ 10.49% onwards.

Maximum Tenure more than 36 month

Types of personal loan from Axis bank

Personal Loan for Holiday: - You don’t need to delay your world trip plan anymore.  Axis bank is providing personal loans for holiday allows you to plan a fantastic vacation with friends & family, Require minimal documentation and quick approvals.

Personal Loan for medical emergency-No worries about emergency now you can get personal loan by Axis bank to deal with any kind of personal emergency, be it medical outstanding bills, need funds for operation and any surgery.

Personal Loan for debt consolidation: - Axis bank provides personal loans to consolidate debt and repays multiple debts at one time with single monthly payment. While this is a simplify the debt repayment process and saves you money.

Axis Bank Personal Loan Type of Other Charges Type Charges

Check Dishonor Charges300

List Of Documents Up to 500

Photocopy Of Documents Up to 500

Duplicate statement issuance charges UP to 250

Stamp duty charges As per the State Stamp Act

Swap charges Up to 500

Disbursement Cheque Cancellation Charge Post Disbursement Up to 500

Eligibility for axis bank personal loan

Axis bank will check your eligibility that you are capable for loan amount or not. To check your eligibility on personal loan use Axis Bank personal loan eligibility calculator.

Salaried Employees, Salaried doctors, or employees of public and private limited companies are eligible

Applicant monthly income should be Rs 15000

Applicant must be resident of India

At the time of maturity, applicant age should be 60 years.

Applicant age should be 18 to 65 years at the time of application.

Applicant must have a regular source of income might be salaried or self-employed (salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months and Self-Employed Individuals required a last 1-year bank statement for both savings and current account.)

Axis Bank Documents Required for personal loan

Document category Documents required

KYC Document

Both salaried as well as self-employed need to provide any one of the following as identity proof.

PAN Card

Aadhaar Card

Driving License

Election/ Voter ID Card

Passport

Proof of Income

Applicant should require last 3-month payslip.

Applicant should have bank statement of last 6 months.

Financial Documents

Salaried Individuals:  salaried individuals required last 3 month's Salary Slips and, Bank Statements of 6 months.

Self-employed individuals:- Self-employed individuals required a last 1-year bank statement for both savings and current account.

Proof of residence

You can summit any one of the following documents as an address proof:

PAN Card

Passport

Aadhaar Card

Driving License

Election/ Voter’s ID Card

Property/ Municipal Tax receipt

Electricity bill, telephone bill, piped gas bill, water bill, post-paid mobile   phone bill etc.

How to apply for personal loan from Axis Bank

You just need to follow the given below mentioned steps to apply for an Axis Bank Personal Loan online

Step 1: - Identify the requirement and the loan amount as per your need this will help you to apply for the correct amount.

Step 2: - Visit the official website of Axis bank and choose personal loan to fill your personal, financial, and employment details.

Step 3: - After completing this step and once you submitted the application If, your criteria match then only Axis bank representative will contact you.

Step 4:- After the confirmation you need to submit documents like your proof of identity, address proof, and a bank account statement for the last 6 months.

Step 5: Shortly amount will be credit to your bank account.

Axis personal Loan FAQ

1. How to check status of axis bank personal loan? You can check your axis bank status online or offline. Applicants check the loan status by calling on this number 18604195555/ 18605005555 for any queries regarding personal Loan or you can directly visit the axis bank branch to know your personal loan application. 2. How many days it will take to get personal loan in axis bank?

Sometimes they approve loan amount on the same day if your eligibility criteria match, documentation is complete and maintain a healthy credit score or it takes usually 48 hours.

3. What is the axis bank personal loan interest rate?

Current Axis bank personal loan interest rate starting @ 10.49% onwards.

4. Do I need to be an existing customer of Axis Bank to get their personal loan?

No, it's not necessary to be an existing customer of Axis but banks give preference to existing customer. For new customer, the bank will check your financial record, any recent credit transactions, and your average financial status.

5. How do I track my Axis Bank personal loan?

To track your personal loan from axis bank, you can contact the call centre of Axis Bank, or drop a mail, or visit the nearest branch of axis bank. 6. How does Axis Bank personal loan EMI calculator work?

To calculate personal loan EMI, you need to enter required loan amount, tenure period to repay loan & interest rates to calculate monthly payable EMI.

Axis Personal Loan Customer Care number

If you have any query you can connect with Axis bank personal Loan Customer Care. You can directly visit axis bank site & fill in basic details to continue online chat do a call on toll-free Number: 011-23736555.