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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 age 76 years
Loan amount Rs. 25,000 to Rs. 14 lakh
Loan tenure Upto 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
Age 21 to 60 years
Interest rate 11.55% p.a. onwards
Processing fee 1% of the loan amount + applicable tax
Loan tenure Maximum 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
Age 21 to 60 years
Loan amount Minimum loan amount: Rs. 25,000

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

Loan tenure Up to 60 months or remaining period of service (whichever is lower)
Processing fee 1% of the loan amount + applicable taxes
Prepayment charges 3% 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%
Age 21 to 60 years
Loan amount Up to Rs. 15 lakhs
Loan tenure 12 to 60 months
Processing fee Up to 2.5% of the loan amount 

Punjab National Bank personal loan

Interest rate  12% to 15% p.a.
Age 21 to 60 years
Loan amount Rs.50,000 to Rs.10 lakh or 20 times the monthly net income
Loan tenure Up to 60 months

Axis Bank personal loan amount

Interest rate  15.75% to 24% p.a.
Age 21 to 60 years
Loan amount Up to Rs. 15 lakhs
Loan tenure 12 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.
Age For salaried: 23 to 58 years; self-employed: 25 to 65 years
Loan amount Upto 20 lakhs
Processing fee Up to 2.25% p.a. of loan amount + GST
Prepayment charge 5% p.a. of principal outstanding + GST
Loan tenure From 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.
Age For salaried: 25 to 58 years
Loan amount Upto 25 lakhs
Loan tenure From 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.
Age From 21 to 58 years
Loan amount Up to Rs. 15 lakhs
Loan processing charge Up to 2.5% of the loan amount + GST and other applicable statutory levis
Prepayment charge Lock in period for 12 months. After 12 months, 5% foreclosure charge + GST on principal outstanding
Loan tenure Upto 60 months

IDBI Bank personal loan amount

Interest rate  10.15% to 12.90% p.a.
Age 23 years to 60 years
Loan amount Rs. 50,000 to 10 lakh
Processing fee 1% p.a. of loan amount + GST
Prepayment charge Within 2.0% + applicable taxes; after 6 months the charges are Nil.
Loan tenure From 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 amount Minimum: 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 fee Rs.1,000 to Rs.10,000
Prepayment charge Within 6.0% of principal outstanding; after 6 months the charges are Nil.
Loan tenure Up 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 amount From Rs. 60,000 up to Rs. 25 lakh
Loan tenure From 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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