3 best banks for Personal Loan

Personal Loan is an unsecured loan in which you don’t keep any security or collateral. Usually, it comes with high-interest rate but your good credit history/score can let you avail this loan at the reasonable interest rate. If you’re planning to get a personal loan then here we have three best options. Before applying for a personal loan, once check out these options.

SBI Bank Personal Loan

SBI offers a Personal Loan to all salaried professionals and self-employed (minimum two years). There are four categories, under which you can avail a Personal Loan- SBI Xpress Credit Personal Loan, SBI Pension Loan, SBI Festive Loan and SBI Saral Personal Loan.

  • SBI Xpress Credit Personal Loan

If you’re the employee of under noted entities maintaining salary account with SBI then you can apply for an SBI Xpress Credit Personal Loan. In these entities, you will see Central and Government, Central PSUs, Quasi-Government, Educational Institutions of National Repute, and chose Corporate who’ve business link with the bank.

  • SBI Pension Loan

The loan is given to those who are part of Central, State Government or Defence and drawing their pension via SBI branches. (Age shouldn’t be more than 76 years)

  • SBI Saral Personal Loan

Any self-employed or salaried person can avail SBI Saral Personal Loan.

  • SBI Festive Season Loan

From the term ‘SBI Festive Season Loan’ we can understand that the loan is sanctioned to manage the festival related expenses.

ICICI Bank Personal Loan

If you’re looking for a Personal Loan at amazing interest rates then you should navigate to ICICI Bank Personal Loan. The interest rate is charged in a reducing balance which implies monthly interest will be figured out on the balance of the outstanding loan.  An eligible applicant can take more than Rs. 25 Lakhs with no guarantor or collateral security. The long duration of ICICI Personal Loan can be as long as sixty months. If you’re a current ICICI Bank Customers, you can relish attractive benefits for example as minimal documentation and automatic pre-eligibility.

HDFC Bank Personal Loan

Availing a Personal Loan from HDFC Bank means you have the option to get more than Rs. 25 lakhs or more than Rs. 15 lakhs in case you are employed with no guarantor or collateral/security. After verification of documents, the loan will be disbursed to you within two days and you can also get an accident cover. There will be no hidden charges, lowest processing free and easy repayment structure. Being a borrower you need to go through the heavy or lengthy documentation.