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Personal Loan

How much can I borrow and for how long? You can get personal loans starting from Rs. 25,000 up to Rs.25 lakhs for 1 to 5 years.
read more

Credit Card

What is a Credit Card? A Credit Card is a plastic card issued by a financial institution which offers a line of credit to the customer to purchase goods/services...
read more

Personal Loan Balance Transfer

What is Balance Transfer? A Balance Transfer lets you transfer an existing loan to a new lender at a better rate of interest.
read more

Credit Report

What is a credit report? Credit report, which is provided by CIBIL, Experian and Equifax, is a report card based on your performance on loans.
read more
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Personal Loans City Wise: Personal Loan in Kolkata  |  Personal Loan in Hyderabad  |  Personal Loan in Chennai  |  Personal Loan in Mumbai  |  Personal Loan in Delhi  |  Personal Loan in Pune  |  Personal Loan in Bangalore  |  Personal Loan in Jaipur  |  Personal Loan in Ahmedabad  |  Personal Loan in Hubli  |  Personal Loan in Coimbatore  |  Personal Loan in Surat  |  Personal Loan in Nagpur  |  Personal Loan in Indore  |  Personal Loan in Vijayawada  |  Personal Loan in Baroda  |  Personal Loan in Kochi  |  Personal Loan in Gwalior  |  Personal Loan in Varanasi  |  Personal Loan in Patna  |  Personal Loan in Dehradun  |  Personal Loan in Chandigarh  |  Personal Loan in Mangalore  |  Personal Loan in Lucknow  |  Personal Loan in Mysore  |  Personal Loan in Trivandrum  |  Personal Loan in Jamshedpur  |  Personal Loan in Kanpur  |  Personal Loan in Kota  |  Personal Loan in Visakhapatnam  |  Personal Loan in Raipur  |  Personal Loan in Bhopal  |  Personal Loan in Jodhpur  |  Personal Loan in Cuttack  |  Personal Loan in Bhubaneswar
Personal Loans Bank Wise: HDFC Personal Loan  |  IDFC First Personal Loan |  Bajaj Finserv Personal Loan  |  ICICI Personal Loan  |  Kotak Personal Loan  |  Yes Bank Personal Loan  |  Personal Loan Balance Transfer  |  Small Amount Personal Loan
Credit Score: Cibil Score for Car Loan  |  Cibil Score Customer Care  |  Cibil Score for Credit Card  |  Cibil Score for Personal Loan  |  Cibil Credit Report  |  Practices that leads to Bad Credit Score  |  Loan settlement and your Credit Score  |  Equifax Credit Report  |  Credit Bureaus in India  |  Improve your Credit Score  |  Achieve Good Credit Score  |  Experian Credit Report  |  Myths about Credit Score  |  Highmark Credit Score  |  Repair Faulty Credit Report |  Resolve Cibil Dispute |  Read Cibil Report |  Cibil Score Benefits |  Correlation between credit rating and debts  |  Minimum payment affect your Credit Score  |  How is your Credit Score calculated  |  How to read Credit Report  |  How your Credit Score is used  |  Impact on late payment on Credit Score  |  Importance of Credit Score  |  Reason to check Credit Report regularly |  Steps to check Credit Report |  Steps to rectify your Credit Report |  Things you won't find in credit report |  Can a Credit Card Improve Your Credit Score? |  Credit Monitoring |  Credit Score Matters at Retirement |  Major Factors That Affect Your Credit Score |  Credit Report Checklist |  Reasons for Loan Rejection Other Than Credit Score |  Loan Settlement Can Ruin Your Credit Score |  Does a name change affect your Credit Score? |  Effects of PAN Card on Credit Score |  The Link Between MCLR and Credit Score |  Applying for a Home Loan? Improve your Credit Score |  How to Remove Your Name from CIBIL’s Defaulter List |  How Can Customers Check their Credit History |  Payment History - How it Affects Your Credit Score |  Who issues Credit Ratings or Credit Scores |  Credit Report for Business Loan |  Can your employment get affected by your credit score |  How Long It Take To Improve Credit Score
Learn More arrow

Personal Loan

A personal loan is a collateral-free credit facility extended by Banks and NBFCs to salaried individuals. IndiaLends is the largest online personal loan provider in the country, having helped over a hundred and fifty thousand customers. Over 40 Banks and NBFCs have tied-up with IndiaLends to provide personal loans to varying customer profiles.
Below, we've mentioned some of the key features of an easy personal loan you can get through IndiaLends.

Personal Loan Interest Rate

Interest rates can vary based on the customer profile. Loan rates start at about 10.75%. To increase your chances of getting a low- interest rate loan, an individual should have a good credit history. Ideally, a CIBIL score greater than 750 is considered a good score.

Personal Loan Tenure

The tenure period of a Personal Loan starts from 3 months and goes all the way up to 6 years. The choice of tenure is usually left up to the borrower. Depending on his need short-term or long-term - borrower can ask for a tenure that suits his needs. The only thing to keep in mind is that the EMI (Equated Monthly Instalment) should be an amount which you can pay back easily every month.

Documents required to apply for a Personal loan

Before disbursing the loan, financial institutions usually ask for documents like ID proof, address proof, PAN card copy, salary slips, latest bank statements, photo, ECS mandates and post-dated cheques.

Personal Loan With Zero Pre-Payment Fee

Some NBFCs allow customers to either entirely pay the loan amount or part pre-pay the principal on the loan. There are usually some terms and conditions attached to such pre-payment. For example, pre-payment is only allowed after 12 months and pre- payment fee might be charged on the amount being repaid. However, this varies from product to product and should be clarified at from your lender before disbursal.

Low-Interest Personal Loan

As discussed earlier, personal loan interest rates can vary depending up on the customer's profile. IndiaLends algorithms try to get the lowest possible interest rate product for the customer.

Personal Loan From Banks

Banks are RBI registered organisations that are responsible for activities like deposit taking, lending, etc. A recent change made by the RBI was the introduction of payment banks and small finance banks in addition to universal banks. Only universal banks and small finance banks can lend to individuals. Applying with IndiaLends is the easiest way to get a personal loan from the top banks in the country. IndiaLends has tied-up with most of the reputed Banks and NBFCs like HDFC, ICICI, RBL, IndusInd, Kotak, Yes Bank etc.

Personal Loan From NBFCs

NBFCs are RBI registered lending companies that are mostly not allowed to take customer deposits and are especially setup for lending to individuals and businesses. NBFCs borrow the money from Banks for lending, therefore the interest rates on Personal Loans tend to be higher than Banks. Moreover, NBFCs lend to higher risk profile segment and thus have a higher acceptance rates.

Private Financing

It is advisable to get a personal loan from an RBI regulated entity like a Bank or an NBFC. Because they are governed by RBI rules, the practices of these organisations tend to be fairer from both, interest rates and collections perspective. The other big advantage is that these companies report loan performance back to CIBIL, Experian, Hi-Mark, etc. This means that your credit score will improve when you make timely payments so that you can get cheaper loans in future.

New To Credit Loans

While CIBIL and Experian have records for over 150 million individuals, a vast majority has still never borrowed from an RBI regulated (Credit Bureau member) financial institution. This means that none of them have a credit bureau record and therefore no credit history and credit score. Also, because these individuals do not have a credit file, they find it difficult to get a loan from financial institutions. IndiaLends is able to help some new to credit (thin file) customers get access to low interest personal loans through the unique partnerships it has with various Banks.

Recently Declined Personal Loan Application

Most of the consumers who apply for a loan with a Bank get declined because of reasons like poor or no credit history, low affordability, not enough supporting documents, etc. IndiaLends is able to help some of these customers get affordable loans from specialised NBFCs.

Banks and NBFCs Partners

IndiaLends has tied-up with almost all lending institutions, large and small. HDFC, ICICI, SBI, Kotak, IndusInd, Tata Capital, Bajaj Finserv, IDFC First, IIFL, IndiaBulls, RBL Bank, DHFL, Aditya Birla Finance, American Express, etc. are some major banks of the country we have tied up with.

Loans For Phones / Desktops / Laptops And Tablets

For customers looking to buy the latest gadgets, be it an iPhone 7 or the Macbook Pro, IndiaLends provides easy installment personal loans with loan amounts as small as Rs. 25000.

EMI Without Credit Cards

E-commerce marketplaces allow easy EMI options on a number of large ticket purchases, but this is restricted to customers who already have credit cards. The proportion of people getting such benefits is still small at about 10 million people throughout the country. IndiaLends' online personal loan is an easy way to quickly make large ticket purchases on e- commerce portals and convert into EMIs.

Credit Report

A credit report is like your financial report card that contains historical data about all the loans and credit cards of an individual. The type of loan accounts include - Credit Card, Personal Loan, Home Loan, Gold Loan, Car Loan, Two Wheeler Loan, Overdraft, Loan against property, Agriculture loan, etc. Each account has detailed information about the repayment history, amount of loan, tenure of loan, open date, close date, etc. This information is used by the Credit Bureau to determine the risk rating of an individual. This risk rating is called the credit score. The credit score ranges from 300-900. The higher the score, the higher would be the chances of getting a loan. India has 4 credit bureaus that provides credit scores to individuals viz. CIBIL, Experian, Equifax and Hi- Mark. IndiaLends has tied-up with the Experian and the Hi-Mark credit bureaus to provide free credit reports and analysis to its customers. Along with this, IndiaLends customers also get free credit report refreshes every quarter for the first 12 months.

IndiaLends
  • FacebookGoogle PlusInstagramLinkedInTwitter
  • PRODUCTS

    Personal LoansCredit CardsCredit ScoreGold Loan
  • RESOURCES

    EMI CalculatorIFSC CodeFAQsMy DashboardPAN CardTaxCredit Cards in India
  • COMPANY

    About IndiaLendsBlogsContact Us
  • MORE

    Help DeskPrivacy PolicyTerms & ConditionsOffers T&CLender ContactsGrievance DetailsRBI Sachet
  • PERSONAL LOANS CITYWISE

    Personal Loan in KolkataPersonal Loan in HyderabadPersonal Loan in ChennaiPersonal Loan in MumbaiPersonal Loan in DelhiPersonal Loan in PunePersonal Loan in BangalorePersonal Loan in JaipurPersonal Loan in AhmedabadPersonal Loan in HubliPersonal Loan in CoimbatorePersonal Loan in SuratPersonal Loan in NagpurPersonal Loan in IndorePersonal Loan in VijayawadaPersonal Loan in BarodaPersonal Loan in KochiPersonal Loan in GwaliorPersonal Loan in VaranasiPersonal Loan in PatnaPersonal Loan in DehradunPersonal Loan in ChandigarhPersonal Loan in MangalorePersonal Loan in LucknowPersonal Loan in MysorePersonal Loan in TrivandrumPersonal Loan in JamshedpurPersonal Loan in KanpurPersonal Loan in KotaPersonal Loan in VisakhapatnamPersonal Loan in RaipurPersonal Loan in BhopalPersonal Loan in JodhpurPersonal Loan in CuttackPersonal Loan in Bhubaneswar
  • PERSONAL LOANS BANKWISE

    HDFC Personal LoanIDFC First Personal LoanBajaj Finserv Personal LoanICICI Personal LoanKotak Personal LoanYes Bank Personal LoanPersonal Loan Balance TransferSmall Amount Personal Loan
  • CREDIT SCORE

    Cibil Score for Car LoanCibil Score Customer CareCibil Score for Credit CardCibil Score for Personal LoanCibil Credit ReportPractices that leads to Bad Credit ScoreLoan settlement and your Credit ScoreEquifax Credit ReportCredit Bureaus in IndiaImprove your Credit ScoreAchieve Good Credit ScoreExperian Credit ReportMyths about Credit ScoreHighmark Credit ScoreRepair Faulty Credit ReportResolve Cibil DisputeRead Cibil ReportCibil Score BenefitsCorrelation between credit rating and debtsMinimum payment affect your Credit ScoreHow is your Credit Score calculatedHow to read Credit ReportHow your Credit Score is usedImpact on late payment on Credit ScoreImportance of Credit ScoreReason to check Credit Report regularlySteps to check Credit ReportSteps to rectify your Credit ReportThings you won't find in credit reportCan a Credit Card Improve Your Credit Score?Credit MonitoringCredit Score Matters at RetirementMajor Factors That Affect Your Credit ScoreCredit Report ChecklistReasons for Loan Rejection Other Than Credit ScoreLoan Settlement Can Ruin Your Credit ScoreDoes a name change affect your Credit Score?Effects of PAN Card on Credit ScoreThe Link Between MCLR and Credit ScoreApplying for a Home Loan? Improve your Credit ScoreHow to Remove Your Name from CIBIL’s Defaulter ListHow Can Customers Check their Credit HistoryPayment History - How it Affects Your Credit ScoreWho issues Credit Ratings or Credit ScoresCredit Report for Business LoanCan your employment get affected by your credit scoreHow Long It Take To Improve Credit Score
  • LEARN MORE

    Personal Loan

    A personal loan is a collateral-free credit facility extended by Banks and NBFCs to salaried individuals. IndiaLends is the largest online personal loan provider in the country, having helped over a hundred and fifty thousand customers. Over 40 Banks and NBFCs have tied-up with IndiaLends to provide personal loans to varying customer profiles.
    Below, we've mentioned some of the key features of an easy personal loan you can get through IndiaLends.

    Personal Loan Interest Rate

    Interest rates can vary based on the customer profile. Loan rates start at about 10.75%. To increase your chances of getting a low- interest rate loan, an individual should have a good credit history. Ideally, a CIBIL score greater than 750 is considered a good score.

    Personal Loan Tenure

    The tenure period of a Personal Loan starts from 3 months and goes all the way up to 6 years. The choice of tenure is usually left up to the borrower. Depending on his need short-term or long-term - borrower can ask for a tenure that suits his needs. The only thing to keep in mind is that the EMI (Equated Monthly Instalment) should be an amount which you can pay back easily every month.

    Documents required to apply for a Personal loan

    Before disbursing the loan, financial institutions usually ask for documents like ID proof, address proof, PAN card copy, salary slips, latest bank statements, photo, ECS mandates and post-dated cheques.

    Personal Loan With Zero Pre-Payment Fee

    Some NBFCs allow customers to either entirely pay the loan amount or part pre-pay the principal on the loan. There are usually some terms and conditions attached to such pre-payment. For example, pre-payment is only allowed after 12 months and pre- payment fee might be charged on the amount being repaid. However, this varies from product to product and should be clarified at from your lender before disbursal.

    Low-Interest Personal Loan

    As discussed earlier, personal loan interest rates can vary depending up on the customer's profile. IndiaLends algorithms try to get the lowest possible interest rate product for the customer.

    Personal Loan From Banks

    Banks are RBI registered organisations that are responsible for activities like deposit taking, lending, etc. A recent change made by the RBI was the introduction of payment banks and small finance banks in addition to universal banks. Only universal banks and small finance banks can lend to individuals. Applying with IndiaLends is the easiest way to get a personal loan from the top banks in the country. IndiaLends has tied-up with most of the reputed Banks and NBFCs like HDFC, ICICI, RBL, IndusInd, Kotak, Yes Bank etc.

    Personal Loan From NBFCs

    NBFCs are RBI registered lending companies that are mostly not allowed to take customer deposits and are especially setup for lending to individuals and businesses. NBFCs borrow the money from Banks for lending, therefore the interest rates on Personal Loans tend to be higher than Banks. Moreover, NBFCs lend to higher risk profile segment and thus have a higher acceptance rates.

    Private Financing

    It is advisable to get a personal loan from an RBI regulated entity like a Bank or an NBFC. Because they are governed by RBI rules, the practices of these organisations tend to be fairer from both, interest rates and collections perspective. The other big advantage is that these companies report loan performance back to CIBIL, Experian, Hi-Mark, etc. This means that your credit score will improve when you make timely payments so that you can get cheaper loans in future.

    New To Credit Loans

    While CIBIL and Experian have records for over 150 million individuals, a vast majority has still never borrowed from an RBI regulated (Credit Bureau member) financial institution. This means that none of them have a credit bureau record and therefore no credit history and credit score. Also, because these individuals do not have a credit file, they find it difficult to get a loan from financial institutions. IndiaLends is able to help some new to credit (thin file) customers get access to low interest personal loans through the unique partnerships it has with various Banks.

    Recently Declined Personal Loan Application

    Most of the consumers who apply for a loan with a Bank get declined because of reasons like poor or no credit history, low affordability, not enough supporting documents, etc. IndiaLends is able to help some of these customers get affordable loans from specialised NBFCs.

    Banks and NBFCs Partners

    IndiaLends has tied-up with almost all lending institutions, large and small. HDFC, ICICI, SBI, Kotak, IndusInd, Tata Capital, Bajaj Finserv, IDFC First, IIFL, IndiaBulls, RBL Bank, DHFL, Aditya Birla Finance, American Express, etc. are some major banks of the country we have tied up with.

    Loans For Phones / Desktops / Laptops And Tablets

    For customers looking to buy the latest gadgets, be it an iPhone 7 or the Macbook Pro, IndiaLends provides easy installment personal loans with loan amounts as small as Rs. 25000.

    EMI Without Credit Cards

    E-commerce marketplaces allow easy EMI options on a number of large ticket purchases, but this is restricted to customers who already have credit cards. The proportion of people getting such benefits is still small at about 10 million people throughout the country. IndiaLends' online personal loan is an easy way to quickly make large ticket purchases on e- commerce portals and convert into EMIs.

    Credit Report

    A credit report is like your financial report card that contains historical data about all the loans and credit cards of an individual. The type of loan accounts include - Credit Card, Personal Loan, Home Loan, Gold Loan, Car Loan, Two Wheeler Loan, Overdraft, Loan against property, Agriculture loan, etc. Each account has detailed information about the repayment history, amount of loan, tenure of loan, open date, close date, etc. This information is used by the Credit Bureau to determine the risk rating of an individual. This risk rating is called the credit score. The credit score ranges from 300-900. The higher the score, the higher would be the chances of getting a loan. India has 4 credit bureaus that provides credit scores to individuals viz. CIBIL, Experian, Equifax and Hi- Mark. IndiaLends has tied-up with the Experian and the Hi-Mark credit bureaus to provide free credit reports and analysis to its customers. Along with this, IndiaLends customers also get free credit report refreshes every quarter for the first 12 months.

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