Best 6 Personal Loan Provider Companies in India

Best 6 Personal Loan Provider Companies in India

Now, it’s easy to get a personal loan from Banks & NBFC companies. At this time many lenders offer unsecured personal loans. But you have to choose the best one. 24hrLoan gives you the best 6 personal loan provider companies in India.

These lenders provide an interest rate from 10.50% to 26% per annum. The tenure is 12 months to 60 months. It can be different from lender to lender.

List of Best 6 Personal Loan Provider Companies in India

1. WeRize Personal Loan

WeRize is a popular NBFC (Non-Banking Financial Corporations) company that is providing up to Rs. 5 lakhs digital personal loans. Repayment tenure is 12 to 36 months.

Loan AmountUp To 5 Lakh
Interest Rate16% to 21% p.a.
Tenure1 -3 years
Age Required21 -55 years
Monthly SalaryRs. 12,000/- (in-hand)
Processing Fees3% of the loan amount
Eligible ForSalaried Employee

2. InCred Personal Loan

InCred is giving the digital personal loan at Rs. 15,000 net salary. The maximum loan amount is Rs. 7.5 lakhs with 18% interest rate p.a.

Loan AmountRs. 50,000 to Rs. 7.5 lakh
Interest Rate18% p.a.
Repayment Tenure12 to 48 months
CIBIL-1/ 700+
Monthly SalaryRs. 15,000/- (in-hand)
Processing ChargeUp To 5% of the loan amount + GST
Eligible ForSalaried Employee

3. Bandhan Bank Personal Loan

A salaried person with Rs. 20,000 monthly salary is eligible for Bandhan Bank personal loan. The loan amount of Rs. 1 lakh to Rs. 25 lakhs is available.

Loan AmountUp To 25 Lakh
Interest Rate10.50% to 18% p.a.
Loan Tenure1 years to 5 years
Age21 -58 years
Monthly IncomeRs. 20,000/- In-hand salary
Processing FeesUp to 1% of the loan amount
Eligible ForSalaried Employee

4. Axis Bank Personal Loan

The minimum monthly in-hand salary is Rs. 15,000 required for Axis Bank personal loan. The paperless digital process. Also, you will get a pre-approved loan offer through Axis Bank.

Loan AmountUp To 40 Lakh
Interest Rate10.49% to 22% p.a.
Loan Term1 -5 years
Age Required21 -60 years
Monthly SalaryRs.15,000/-
Processing FeesUp to 2%
Eligible ForSalaried Employee

5. HDFC Bank Personal Loan

Get up to Rs. 40 lakhs instant personal loan through HDFC Bank. The minimum monthly take home Rs. 40,000 salaried person is eligible for HDFC Bank personal loan. The competitive interest is 10.75% provided by HDFC Bank.

Loan AmountUp to 40 lakh
Interest rate10.75%- 21% p.a.
Salary RequiredRs. 40,000/- (in-hand)
Loan Tenure12 to 60 months
Age Required21 to 60 years
Processing Fees2.5% of Loan Amount + GST Charge
Eligible ForSalaried Person

6. PaySense Personal Loan

The salaried person with Rs. 18,000 in-hand salary can apply for PaySense personal loan. The highest loan amount of Rs. 5 lakhs is available. Also, you can balance transfer (BT) your previous personal loan.

Loan AmountRs. 5,000 – Rs 5 lakh
Loan Tenure3 months – 60 months
Interest rate1.4%- 2.3% per month
Income RequiredRs. 18,000 for Salaried Employees
Processing feeUp to 3% of the loan amount
Age21 – 60 years 
Cibil Score 700+
Eligible ForSalaried Employee

Eligibility Criteria for Personal Loan

  • You must be Indian Citizenship
  • Your age 21 to 60 years required
  • Meet the requirement salary based on lenders.
  • The minimum Credit Score:  -1 or 700+
  • You should be employed at a Private, Public, or Government Company.
  • The minimum Job Experience of 12 months required

FAQs on Personal Loan Provider Companies

Can I apply for WeRize personal loan at Rs. 12,500 in-hand salary?

Indian Citizenship with Rs. 12,000 net salary can apply for WeRize loan. But, the salary credit statement for 12 months is required with a -1 or 700+ credit score.

What is the interest rate InCred personal loan?

The InCred company provides up to Rs. 7.5 lakhs digital loan with an 18% per annum interest rate.

Can I Balance Transfer my previous personal loan?

You can easily Balance Transfer loans through PaySense, Axis & HDFC Bank.

What is the maximum personal loan Axis Bank offer?

The highest loan amount is up to Rs. 40 lakhs Axis Bank offers.

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