Apply for Personal Loan in 2022

What is a personal loan?

A personal loan is an unsecured loan to help with personal needs. You can borrow a personal loan in 2022 from Bank, Post Office, and other financial institutions to pay your multiple debts.

Personal Loan in 2022 & Interest Rates

Name of BankInterest RatesLowest EMI Per 1 LakhProcessing Fees
SBI Personal Loan9.60%₹ 1,832Up to 1.5%
HDFC Bank Personal Loan10.25%₹ 2,137 Up to 2.5%
ICICI Bank Personal Loan10.25%₹ 2,137 Up to 2.5%
Bajaj Finserv Personal Loan12.99%₹ 2,275 Up to 3.5%
IDFC First Bank Personal Loan10.49%₹ 2,149Up to 3.5%
Axis Bank Personal Loan10.49%₹ 2,149 Up to 2%
Tata Capital Personal Loan10.49%₹ 1,877 Up to 2.75%
Fullerton India Personal Loan11.99%₹ 2,633 Up to 6%
IndusInd Bank Personal Loan10.49%₹ 2,149 Up to 2.5%
Kotak Bank Personal Loan10.25%₹ 2,548 Up to 2.5%
RBL Bank Personal Loan14.00%₹ 2,327 Up to 4%
IIFL Personal Loan24.00%₹ 2,877 Up to 2.5%
HDB Financial Personal Loan30.00%₹ 3,235 Up to 2.5%
IDBI Bank Personal Loan12.00%₹ 2,224 Up to 2.5%
Karur Vysya Bank Personal Loan9.40%₹ 3,199 Up to 0.5%
Muthoot Personal Loan14.00%₹ 2,327 Up to 3.5%
Yes Bank Personal Loan10.70%₹ 2,159 Up to 2.5%
Standard Chartered Bank Personal Loan11.50%₹ 2,199 Up to 6%
Union Bank of India Personal Loan8.90%₹ 2,071 Up to 1%
Canara Bank Personal Loan12.40%₹ 2,653 Up to 1%
Bank of Maharashtra Personal Loan9.55%₹ 1,637 Up to 1%
Andhra Bank Personal Loan8.90%₹ 2,071 Up to 1.5%
Allahabad Bank Personal Loan9.05%₹ 2,078 Up to 1.5%
Federal Bank Personal Loan10.49%₹ 2,560 Up to 3%
Syndicate Bank Personal Loan12.40%₹ 2,245 Up to 1.5%
Bank of Baroda Personal Loan10.50%₹ 2,149 Up to 2%
PNB Personal Loan8.95%₹ 2,073 Up to 1.8%
Indian Overseas Bank Personal Loan10.80%₹ 2,164 Upto 0.5%
Indian Bank Personal Loan9.05%₹ 3,182 Up to 2%
Corporation Bank Personal Loan8.90%₹ 3,175 Up to 1.5%
Axis Finance Personal Loan13.00%₹ 2,275 Up to 2%

Read This:- TDS Rates and Threshold Limit

Types of Personal Loan

  • Wedding Loan
  • Travel Loan
  • Home Renovation Loan
  • Personal Loan for Education
  • Pension Loan
  • Consumer Durable Loan

Documents Required for Personal Loan

  • Identity proof- PAN Card, Aadhaar Card, Voter ID, Passport, etc
  • Address proof- Passport, Driving License, Election ID card, Ration Card, etc
  • Income proof- Salary Slip, Bank Account Statement, Form 16
  • Self-employed professionals are also required to submit last 2-3 year’s ITR and Bank Account Statement.

Personal Loan Eligibility

  • Age:- Between 18 to 65 years
  • Loan amount:- Up to 75 Lakh
  • Employment:- Working in govt organization, private, MNC by submitting salary slip and last year’s ITR.
  • Credit Score:- Get a lower rate if you have more than 650 credit scores.

How to Apply for a Personal Loan in 2022 Online

  • Step1 : If you need a thorough personal loan comparison before deciding on the bank, visit or
  • Step2 : Click on the Personal Loan tab.
  • Step3 : Fill in the required information required.
  • Step4 : Click on ‘Get Quote’.
  • Step5 : Fill the OTP and click ‘Submit’.
  • Step6 : At this step, Fill in the details and click ‘Submit’.
  • Step7 : Compare your eligible offers.
  • Step8 : Get assistance from our loan advisors or choose to complete the online personal loan.

FAQs for Personal Loan

A personal loan is an unsecured loan to help with personal needs. You can borrow the loan from Bank, Post Office, and other financial institutions to pay your multiple debts.
All Bank Lists are above in the post
CIBIL score ranges from 300 to 900. A score of 650 and above is considered a good score to get a personal loan. Higher the credit score, the higher the chances to get the loan application approved. A personal loan for a low cibil score can be availed at a higher interest rate.
Generally, banks provide personal loans at a lower rate of interest than non-banking financial companies (NBFCs).
As of August 19, 2021, the lowest personal loan interest rate on offer is 8.45% p.a. from the Central Bank of India and UCO Bank.
You can get a personal loan for a maximum of ₹ 75,00,000 from HDFC Bank. However, the maximum loan amount varies for lenders and customers because it depends on your eligibility.
Yes, you can get a personal loan without a salary slip, if you hold a bank account or salary account in the same bank as it contains all your ITR records.
Most of the banks offer up to 5 years as a personal loan maximum tenure. Although some banks offer 7 years to the customers.

Disclaimer:- Interest Rates are subject to amendments from time to time.

For any query or complaint mail at [email protected]

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