|Home Credit Personal Loan Highlights|
|Interest rate||Starting from 24.00% p.a.|
|Loan Amount||Up to Rs. 2.4 lakh|
|Loan Tenure||Up to 48 months|
|Eligible Applicant Age||18 years to 69 years|
Also know, what is a good interest rate on a personal loan?
One may also ask, is Home Credit Personal Loan Safe?
Home Credit offers ‘Safe Pay’ as a value-added service to Home Credit personal loan customers. It is a bundled service that offers amazing benefits such as payment holiday, Free Early Repayment and Life cover.
Can I get a loan with 0 interest?
You can find no–interest loans available for a variety of purposes, including 0% APR auto loans, medical financing and large purchases. But remember, while some lenders don’t check credit, most do require good credit in order to qualify for the best rates.
Comparison of Best Personal Loan Providers in India
|Name of the Lender||Loan Amount||Interest Rate (p.a.)|
|State Bank of India (SBI)||Up to Rs. 20 lakh.||9.60% onwards|
|HDFC Bank||Up to Rs. 40 lakh.||10.50% onwards|
|ICICI Bank||Up to Rs. 25 lakh.||10.50% onwards|
|Axis Bank||Up to Rs. 15 lakh.||11% onwards|
Lowest Interest Rate on Personal Loan
|Bank Name||Rate Of Interest||Maximum Loan Amount|
|Standard Chartered Bank||11.50%||? 50,00,000|
|IDFC First Bank||10.49%||? 40,00,000|
|ICICI Bank||10.50%||? 30,00,000|
|Bajaj Finserv||12.99%||? 25,00,000|
Secured personal loans often come with lower interest rates than unsecured personal loans. That’s because the lender may consider a secured loan to be less risky — there’s an asset backing up your loan.
Personal loans have higher interest rates because they don’t require collateral. That means there’s nothing the bank can take if you fail to pay back the loan, so it charges you more in interest to compensate for the increased risk.
Defaulting on a personal loan could result in: A significant drop in your credit score (as much as 100 points from just one missed payment). Trouble securing credit in any form for years to come. Difficulty locking in a good interest rate even if you‘re able to secure credit in the future.
The Collection Charge shall be imposed on each Installment Amount that is not paid by the Customer within five days after the relevant due date. The relevant Penalty shall be imposed if the Customer fails to pay an Installment Amount within 30, 60, or 90 days, as applicable, after the relevant due date.
Many credit card companies allow you to withdraw money from your card through a cash advance. Depending on the card, you may be able to withdraw cash by depositing it in a bank account, using your card at an ATM, or writing a convenience check.
Borrowers can avail an instant loan of Rs. 50,000 via the SimplyCash personal loan app. If you fall correctly in the eligibility criteria and own the right set of documents, an instant loan of Rs. 50,000 is approved and disbursed within 24 hours.
How To Apply For Personal Loan With Salary Less Than Rs.
- Share your phone number.
- Enter your email id.
- Specify your personal loan amount.
- Check the ‘I authorize’ tick-box.
- Click on ‘Apply Now’.
- Have our customer care representative get in touch with your offer details.
How to Apply for Rs.
- Provide your personal and financial details while filling the application form online.
- Choose a loan amount and suitable tenor to get instant approval.
- A Bajaj Finserv representative will get in touch with you. …
- Receive the approved loan amount in your account shortly.