हिंदी में पढ़े
To avail personal loan without security, applicants are required to pass the eligibility criteria defined by the lender. Once the criteria is cleared, the lender shall approve the loan in a few hours and simultaneously disburse the loan amount. Find out below the personal loan interest rates comparison from various banks and NBFCs along with its types, features, eligibility and documents required for a personal loan without security.
Comparison of Interest Rates from leading Banks/NBFCs
| Banks/NBFCs | Interest Rates(p.a.) | |
| Axis Bank | 11.25% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.99% onwards | Apply Now |
| HDFC Bank | 10.85% onwards | Apply Now |
| ICICI Bank | 10.85% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 11.99% onwards | Apply Now |
| Federal Bank | 12.00% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 16.00% - 29.95% | Apply Now |
| MoneyTap | 13.00% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 10.99% onwards | Apply Now |
| Moneyview | 14%-36% | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Types of Personal Loan without Security or Collateral
- Wedding Loan
- Medical Loan
- Travel Loan
- Home Renovation Loan
- Pension Loan
- Education Loan
- Consumer Durable Loan
- Debt Consolidation Loan
- Top-Up Loan
- Short-term Personal Loan (STPL)
Features of Personal Loan without Security
- Unsecured personal loan
- No Collateral/Security required by the bank
- Interest Rate: 10.25% p.a. onwards
- Loan amount up to Rs. 40 lakh, may exceed as per requirements
- No End-Use Restriction
- Repayment Tenure up to 60 months, may exceed
- Processing Fee: Nil to 5% of the sanctioned loan amount
- Foreclosure Charges: Nil to 5% on the outstanding amount
Eligibility Criteria for Personal Loan without Security
- Salaried and Self-employed individuals
- Age: Minimum 18 years and maximum 65 years
- Credit Score: 750 or above
- Salary: Minimum monthly salary of Rs. 15,000 or above (Shall vary from lender to lender)
- Minimum work experience: 1 year and 6 months with the current organization
- Employment Type: Working with reputed Private or Public Limited Company or an MNC
- No previous loan defaults with any financial institution
Check Your Free Credit Score to know personal loan eligibility Check Now
Personal Loan EMI Calculator
Monthly EMI ₹ 15,622
Total Amount Payble ₹ 5,62,395(Principal + interest)
Principal Amount ₹ 5,00,000
Total Interest Payble ₹ 62,395
Apply for Personal Loan with Quick Disbursal Click Here
Documents Required for Personal Loan Application
- Duly filled application form with passport-sized photographs
- Identity Proof: Passport, Aadhar card, Driving license, Voter ID card
- Address Proof: Voter ID card, Aadhar card, Driving license, Passport
- Income Proof: Latest salary slips/latest salary certificate with Form 16
- Last 6 months’ bank statements
- Employee’s ID card
- Business Incorporation Certificate for Self-employed individuals
- Any other document required by the bank