News: Personal loans are a popular choice for individuals looking for funds to finance their immediate financial requirements. Personal loans come with a variety of interest rates and charges, and choosing the right loan provider can make all the difference in getting a good deal. The article provides an overview of the various personal loan interest rates and charges offered by different lenders in India.
Understanding Personal Loan Interest Rates and Charges
Muthoot Finance 14% onwards Up to 3.5%
Tata Capital 10.99% onwards Up to 2.75%
Bajaj Finserv 11% onwards Up to 3.93%
StashFin 11.99% onwards Up to 10%
Faircent 9.99% onwards Up to 8%
Kreditbee Up to 29.95% Up to 6%
Navi Finserv 9.9% – 45% Nil
Money Tap 13% onwards
Dhani Loans 13.99% onwards 3% onwards
Money View 15.96% Starting from 2%
Pay Sense 16.80%-27.60% Up to 2.5%
Early Salary 18% onwards 2%
Home Credit 24% onwards Up to 5%
CASHe 30% onwards Up to 3% or Rs 1,200
HDB Financial Services Up to 36% Up to 3%
Muthoot Finance, Tata Capital, Bajaj Finserv, StashFin, Faircent, Kreditbee, Navi Finserv, Money Tap, Dhani Loans, Money View, Pay Sense, Early Salary, Home Credit, CASHe, and HDB Financial Services are some of the popular lenders offering personal loans in India. Among them, Muthoot Finance offers personal loans at an interest rate starting from 14% onwards with a processing fee of up to 3.5%. On the other hand in the latest News, Tata Capital offers personal loans at an interest rate starting from 10.99% onwards with a processing fee of up to 2.75%. Bajaj Finserv offers personal loans at an interest rate starting from 11% onwards with a processing fee of up to 3.93%.
StashFin offers personal loans at an interest rate starting from 11.99% onwards with a processing fee of up to 10%. Faircent offers personal loans at an interest rate starting from 9.99% onwards with a processing fee of up to 8%. Kreditbee offers personal loans with an interest rate of up to 29.95% with a processing fee of up to 6%. Navi Finserv offers personal loans with an interest rate ranging from 9.9% to 45% without any processing fee. Money Tap offers personal loans starting from 13% onwards without any processing fee.
Dhani Loans offer personal loans at an interest rate starting from 13.99% onwards with a processing fee starting from 3% onwards. Money View offers personal loans at an interest rate of 15.96% with a processing fee starting from 2%. Pay Sense offers personal loans with an interest rate ranging from 16.80% to 27.60% with a processing fee of up to 2.5%. Early Salary offers personal loans starting from 18% onwards with a processing fee of 2%.
Home Credit offers personal loans at an interest rate starting from 24% onwards with a processing fee of up to 5%. CASHe offers personal loans at an interest rate starting from 30% onwards with a processing fee of up to 3% or Rs 1,200, whichever is higher. HDB Financial Services offers personal loans with an interest rate of up to 36% with a processing fee of up to 3%.
It is worth mentioning that Navi Finserv offers personal loans with interest rates ranging from 9.9% to 45%, and the lender does not charge any processing fee. Furthermore, Navi Finserv is currently offering a unique feature of free health insurance coverage for one month to its personal loan borrowers.
The health insurance coverage is offered in collaboration with Digit Insurance and provides Free coverage of up to Rs. 2 lakh. This feature adds value to the personal loan and provides a safety net to the borrower against any unforeseen medical emergencies. Therefore, it is an excellent option for individuals looking for a personal loan with additional benefits such as free health insurance coverage.