Best 10 Affordable Loan Finance Banks in India 2022

Personal loan is a loan that helps one in meeting his personal needs.  Banks and non banking financial corporations provide personal loans at very big interest rates in India. The loan offered by different private and government banks in India ranges between 10% to 21.5% and the tenure given between 1 year to 5 years.

 Best 10 Loan Offering Banks in India 2022

1. HDFC Bank Personal Loan HDFC Bank is a one of the best loan offering bank in India. HDFC Bank Personal Loan Details Interest rate 10.20% per year to 18.5%  per year Minimum age should be 21 years Minimum income must be Rs.15,000 per month Processing fee Up to 2.5% of the total loan amount Loan amount Up to Rs.15 lakh Loan tenure is 12 to 60 months The HDFC bank has best loan offers for applicants who are women employee.   2. SBI Personal Loan The State Bank of India provides multiple personal loan at different interest rates. Interest rate 10.50% onwards Minimum age must be 21 year Minimum income Rs.15,000 per month Loan amount Rs.25,000 to Rs.15 lakh as per income Loan tenure 6 onth  to 60 months SBI also provides instant personal loan through YONO SBI app.   3. Canara Bank Personal Loan Canara Bank personal loan details are below Interest rate 12.50% per year Minimum income must be Rs. 10,000. Maximum age is 60 years Minimum age should be 21 years Loan amount Rs.3 lakh Loan tenure from 6 month to 48 months.   4. Turbo Loan by cholamandalam personal loan Interest rate 15% per year and it is fixed Minimum age must be 21 years Maximum age is 60 years Processing fee 2.5% of the total loan amount Loan amount Up to Rs.5 lakh Loan tenure 12 to 60 months You will get the loan amount within 2 days.   5. PNB Personal Loan Punjab National Bank offers below given loan detail Interest rate 8.7% per year to 14.25% per year Minimum age must be 21 years Maximum age is 60 years Minimum income 15,000 per month Loan amount Rs.50,000 to Rs.10 lakh according to bank Loan tenure 12 month to 48 month   6. Axis Bank Personal Loan Axis bank personal loan offers are given below Interest rate 12.5% p.a. to 21% p.a. Minimum age should be 21 years Minimum income Rs.15,000 Loan amount is given Up to Rs.50,000 to Rs.15 lakh as per banks limitations Loan tenure is 12 to 60 months   7. IDBI Bank Personal Loan Interest rate 8.50% to 10.90% per year Minimum age to apply loan is 21 years Maximum age is 60 years Minimum income should be Rs.15,000 per month Loan amount is given Rs.25,000 to Rs.5 lakh Loan tenure is 6 to 60 months IDBI bank provides different loans at different cheaper interest rates.   8. Indian Overseas Bank Personal Loan Limited Interest rate 10.50% per year Minimum age to apply loan is 21 years Maximum age is 60 years Minimum income must be Above Rs.5,000 per month Loan amount Up to Rs.5 lakh as per person income Loan tenure is 12 month to Up to 60 months   9. Mahindra Finance Personal Loan Mahindra Finance offers various loans to everyone Interest rate from 14% to 21% p.a. Minimum age to apply loan is 21 years Maximum age is 58 years Minimum income as per bank rules Loan amount Up to Rs.3-5 lakh Loan tenure 1 to 3 years   10. Kotak Mahindra Bank Kotak Mahindra Personal Loan is processed online and offline with the quick loan approval. Interest Rate 10.50% Minimum Loan Amount is Rs. 50,000 Maximum Loan Amount is Rs. 30,00,000 Loan Tenure from 12 months to 60 months Processing Fees is 2.50% of the loan amount + GST