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How much personal loan do top lenders offer in India 2019?

Almost all lenders including public and private banks and NBFCs offer personal loan in India. However, loan amount interest rate, eligibility criteria, and loan tenure vary from lender to lender. In order to find out which bank offers what amount as a personal loan, you should conduct a detailed research.

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How much personal loan do top lenders offer in India 2019_

Almost all lenders including public and private banks and NBFCs offer personal loan in India. However, loan amount interest rate, eligibility criteria, and loan tenure vary from lender to lender. In order to find out which bank offers what amount as a personal loan, you should conduct a detailed research.  

Let’s take a look at the loan amount offered by top 10 lenders in India. 

Personal loan amount offered by top lenders in India 2019

State Bank of India personal loan amount

State Bank of India offers a personal loan for both salaried and self-employed individuals under three categories – SBI Xpress Credit personal loan, SBI personal loan for pensioners, SBI Saral personal loan. SBI personal loan interest rates are one of the lowest in the market. The bank offers a personal loan to meet various financial needs. You can use SBI personal loan EMI calculator to find out your monthly instalment of an SBI personal loan.  Here is how much personal loan you can get under three categories:

  • SBI personal loan for pensioners
Interest rate 11.60% to 12.10% p.a.
Maximum age76 years
Loan amountRs. 25,000 to Rs. 14 lakh
Loan tenureUpto 84 months

Use SBI personal loan calculator to guess the monthly instalment on a personal loan for pensioners. 

  • SBI Express Credit personal loan
Loan amount Up to Rs. 20 lakh/ 24 times NMI
Age21 to 60 years
Interest rate11.55% p.a. onwards
Processing fee1% of the loan amount + applicable tax
Loan tenureMaximum 72 months or remaining period of service (whichever is less)

Use SBI personal loan calculator to guess the monthly instalment on your Express Credit personal loan. 

  • SBI Xpress Power loan
Interest rate From 11.65% p.a. onwards
Age21 to 60 years
Loan amountMinimum loan amount: Rs. 25,000

Maximum loan amount: 24 times NMI / Rs. 15 lakhs

Loan tenureUp to 60 months or remaining period of service (whichever is lower)
Processing fee1% of the loan amount + applicable taxes
Prepayment charges3% on prepaid amount

Note: SBI personal loan interest rate is indicative in nature and subject to periodic change

Use SBI personal loan calculator to guess the monthly instalment on your Express Power personal loan. 

HDFC Bank personal loan amount

HDFC Bank offers a personal loan at an attractive interest rate. Key features of HDFC Bank  personal loans are as under:

Interest rate From 11.25% p.a. to 21.50%
Age21 to 60 years
Loan amountUp to Rs. 15 lakhs
Loan tenure12 to 60 months
Processing feeUp to 2.5% of the loan amount 

Punjab National Bank personal loan

Interest rate 12% to 15% p.a.
Age21 to 60 years
Loan amountRs.50,000 to Rs.10 lakh or 20 times the monthly net income
Loan tenureUp to 60 months

Axis Bank personal loan amount

Interest rate 15.75% to 24% p.a.
Age21 to 60 years
Loan amountUp to Rs. 15 lakhs
Loan tenure12 to 60 months

ICICI Bank personal loan amount

ICICI Bank offers personal loans at attractive interest rates starting from as low as 10.99% p.a.

Interest rate 11.25% to 22.00% p.a.
AgeFor salaried: 23 to 58 years; self-employed: 25 to 65 years
Loan amountUpto 20 lakhs
Processing feeUp to 2.25% p.a. of loan amount + GST
Prepayment charge5% p.a. of principal outstanding + GST
Loan tenureFrom 12 to 60 months

Bajaj Finserv personal loan amount 

Bajaj Finserv is one of the top NBFCs in India and provides a personal loan for several personal requirements. 

Interest rate 12.99% p.a.
AgeFor salaried: 25 to 58 years
Loan amountUpto 25 lakhs
Loan tenureFrom 12 to 60 months

Kotak Mahindra Bank personal loan amount

Kotak Bank offers personal loans for various personal needs like wedding, child’s education, home renovation, travailing etc. Here are the loan amount and interest rate for Kotak Mahindra Bank personal loan:

Interest rate From 10.99% to 24% p.a.
AgeFrom 21 to 58 years
Loan amountUp to Rs. 15 lakhs
Loan processing chargeUp to 2.5% of the loan amount + GST and other applicable statutory levis
Prepayment chargeLock in period for 12 months. After 12 months, 5% foreclosure charge + GST on principal outstanding
Loan tenureUpto 60 months

IDBI Bank personal loan amount

Interest rate 10.15% to 12.90% p.a.
Age 23 years to 60 years
Loan amountRs. 50,000 to 10 lakh
Processing fee1% p.a. of loan amount + GST
Prepayment chargeWithin 2.0% + applicable taxes; after 6 months the charges are Nil.
Loan tenureFrom 6 to 60 months

Bank of Baroda personal loan amount

Bank of Baroda, also known as BoB, is one of the leading public sector banks in India. Loan amount can be upto Rs. 10 lacs, depending upon your eligibility.

Interest rate 11.35% to 16.35%
Age 21 years to 60 years
Loan amountMinimum: Rs. 1 lakh in metro & urban city; Rs.50,000/- in semi-urban & rural city

Maximum: Rs 10 lakh in metro and urban city; Rs. 5 lakh in semi-urban & rural city

Processing feeRs.1,000 to Rs.10,000
Prepayment chargeWithin 6.0% of principal outstanding; after 6 months the charges are Nil.
Loan tenureUp to 4 years

Fullerton India personal loan amount

Fullerton India offers collateral-free personal loans for all types of customers with very flexible eligibility criteria. It offers maximum loan amount for a tenure up to 60 months. 

Interest rate 12% onwards
Age 21 years to 60 years
Loan amountFrom Rs. 60,000 up to Rs. 25 lakh
Loan tenureFrom 12 months to 60 months

Always remember the maximum personal loan amount depends on your repayment capacity or debt to income ratio. It also depends on the time for which you want to get a personal loan, so you should use EMI calculator, such as SBI personal loan EMI calculator, to assess how much loan instalment you can pay per month and apply accordingly.

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