Top 10 Best Personal Loan Finance Banks in India 2016

There are many personal loan providers in the market such as ICICI bank, HDFC bank standard chartered and Fullerton India. One of the ways to get a loan for an emergency is taking personal loans from banks and financial institutions. Personal loan is an installment loan meaning that it is repaid over a set period of time with a set of scheduled payments. Banks have the applicant does not have an existing relationship with a bank. You can get the personal loans interest rate for most of the leading banks which cater to personal loans.

In a loan the borrower initially receives or borrows an amount of money called the principal form the lender and is obligated to pay back or repay an equal amount of money to the lender at a later time. the monthly payments of personal loans can be decreased by selecting longer payment terms but overall interest paid increases as well. Common personal loans include mortgage loans, car loans, home equity lines of credit, credit cards, installment loans and payday loans. Here is the list of the top 10 best personal loan finance banks in India 2016.

  1. ICICI Bank:

Personal Lone: 13.49%

Top 10 Best Personal Loan Finance Banks in India 2016

2. HDFC Bank:

Personal Loan: 15.75% to 20%

3. SBI Bank:

Personal Loan: 18.30%

4. ING VYSYA:

Personal Loan: 15 Lakhs

5. Standard Chartered:

Personal Loan: 30 Lakhs

Top 10 Best Personal Loan Finance Banks in India 2016

6. Axis Bank:

Personal Loan: 1 Lakh to 15 Lakhs

7. Kotak Mahindra:

Personal Loan: 50000 to 15 Lakh

8. IDBI Bank:

Personal Loan: 180000

9. Canara Bank:

Personal Loan: 10.5%

10. Punjab National Bank:

Personal Loan: 15000

Top 10 Best Personal Loan Finance Banks in India 2016

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