The List of Best Personal Loan Deals is Here!

Last Updated : Dec. 19, 2019, 4:27 p.m.

As lenders have ramped up television, digital and print ads regarding best personal loan deals, you must be getting confused as to which to pick. While some emphasize on the lowest interest rate offers, others come with zero processing fee and attractive balance transfer options. To make it easy for you, we have jotted down some of the best personal loan offers available right now. So, read and have your pick.

Seeking Customized Interest Rate Offers? These HDFC Personal Loan Deals Could be the Ones to Choose from

HDFC Bank offers personal loans at interest rates starting from as low as 10.75% per annum. Plus, there are special offers for individuals working in top firms such as Tata Consultancy Services, Cognizant Technology Solutions India Private Limited, Accenture Solutions Private Limited, Wipro Limited, HCL Technologies Limited, etc.

Income	Interest Rate (In Per Annum)	Processing Fee
NTH>50K	10.75%-10.90%	INR 1,999 - INR 3,999
NTH>35K	11.00%-11.10%	INR 1,999 - INR 3,999
NTH<35K	12.25%-12.35%	INR 1,999 - INR 3,999

Offers Applicable to Employees Working in Different Industries

Focus Industry Offer	No. of Corporates	Income	IRR	Processing Fee
Pharma	38	NTH>=35K	14.75% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
Pharma	38	NTH>=35K	14.85% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%
Automobile & Aviation	61	NTH>=35K	14.75% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
Automobile & Aviation	61	NTH>=35K	14.85% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%

Offers Applicable to Government Employees

Government Offer	No. of Corporates	Income	IRR	Processing Fee (of the loan amount)
Government Employees CAT A (GA) & CAT B (GB)	Working with Central and State Government	NTH>=50K	15.49% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.75%
		NTH>=50K	15.65% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.75%
		NTH>=35K	15.75% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	2.00%
		NTH>=35K	15.90% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	2.00%
		NTH>=24K	17.25% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	2.00%
		NTH>=24K	17.35% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	2.00%
Maharatna, Navratna & Miniratna	56	NTH>=75K	11.49% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
		NTH>=75K	11.55% (Non- corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Limited Liability A/C)	1.50%
		NTH>=50K	11.99% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
		NTH>=50K	12.15% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%
		NTH>=35K	13.99% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
		NTH>=35K	14.15% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%
CRPF, CISF, SSB, ITBP & BSF		All	15.75% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
CRPF, CISF, SSB, ITBP & BSF		All	15.90% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%
Pensioner		NTH>=35K	15.49% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
Pensioner		NTH>=35K	15.90% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%
Railways	All	NTH>=50K	14.99% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
		NTH>=50K	15.15% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%
		NTH>=35K	15.49% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
		NTH>=35K	15.65% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%
		NTH>=25K	16.99% (Corporate Salary Account Holders i.e. HDFC Bank Salary A/C)	1.50%
		NTH>=25K	17.25% (Non-corporate Salary Account Holders i.e. HDFC Bank Saving A/C or Non-liability A/C)	1.50%

Personal Loan Rack Rates

Others will have offers as shown in the table below.

CO CAT/Product CAT	NTH Band	Segment	IRR	Processing Fee (Corporate Saving Account)	Processing Fee (Non Corporate Saving Account)
All Categories except CAT D, CSA D, GC & NRI (includes ADFC)	NTH >=75000	Alpha	15.50%-15.65%	2.25%	2.50%
	NTH >=50000 to 75000	Alpha	15.75%-15.90%	2.25%	2.50%
	NTH >=35000 to 50000	Alpha	15.75%-15.90%	2.25%	2.50%
	NTH >=20000 to 35000	Beta	17.55%-17.70%	2.25%	2.50%
	NTH <20000	Beta	17.55%-17.70%	2.25%	2.50%
CAT D/GC	All	Classic	21.30%-21.45%	2.25%	2.50%
CAT E/CAT NEW	NTH >=100000	Alpha	15.75%-15.90%	2.50%	2.50%
	NTH >=50000 -100000	Beta	17.55%-17.70%	2.50%	2.50%
	NTH <50000	Classic	21.45%	2.50%	2.50%
CAT BBG	NTH >=75000	Alpha	15.50%	2.25%	NA
	NTH >=35000 -75000	Beta	17.00%	2.25%	NA
	NTH <35000	Classic	21.45%	2.25%	NA
Defence (CAT GD/GE/GF)*	Indian Army, Navy, AirForce	Alpha	15.75%-15.90%	0	0
HDFC Bank Staff/HSL Staff	All	Alpha	12.25%	INR 1,999	NA
NRI (Based on Average remittance taken for Eligibility)	>=50000	Alpha	15.75%-15.90%	2.25%	2.50%
NRI (Based on Average remittance taken for Eligibility)	<50000	Classic	21.30%-21.45%	2.25%	2.50%

What’s on the Plate When it Comes to Balance Transfer?

HDFC Bank is also a prominent face when it comes to giving you the best balance transfer deal. So get the outstanding balance of other bank transferred to HDFC at lower rates and save on the repayment. However, it won’t be applicable to credit card balance transfer. The table below will showcase the balance transfer details of HDFC.

Program	Loan Amount Transferred	Income	IRR	Processing Fee (of the loan amount)
All Balance Transfer (including application through loan assist App)	>=0.50 Lakh (based on NTH Grids)	NTH>=35k	11.99%	INR 4,999
All Balance Transfer (including application through loan assist App)	>=0.50 Lakh (based on NTH Grids)	NTH<35k	13.25%	INR 3,999
All Balance Transfer (including application through loan assist App)	>=0.50 Lakh (based on NTH Grids)	NTH>=50K	11.49%	INR 4,999

ICICI Bank Personal Loan Offers for Different Segments

The Mumbai-headquartered private lender is one of the best in the personal loan segment. Like HDFC, it also has customized offers in abundance. There are offers according to the type of corporate an employee works with, the industry they are in, etc.

What’s the Deal That ICICI Offers to Salaried of Various Corporates?

Corporate	Salary Band	Special Corporate Offer (ICICI Bank Relationship)	Special Corporate Offer (Non ICICI Bank Relationship)	Processing Fee ((ICICI Bank Relationship)	Processing Fee ((Non ICICI Bank Relationship)
Emerald Corporates	NTH >/= 35 K	10.99%	10.99%	0.99%	0.99%
Emerald Corporates	NTH < 35 K	11.49%	11.49%	1.25%	1.25%
Diamond Corporates	NTH >/= 35 K	10.99%	10.99%	0.99%	0.99%
Diamond Corporates	NTH < 35 K	12.49%	12.49%	1.25%	1.25%
Pearl Corporates	All Bands	13.99%	14.75%	0.99%	1.25%
Ruby Corporates	All Bands	15.50%	15.75%	1.50%	1.75%
Topaz Corporates	All Bands	15.50%	15.75%	1.50%	1.75%

An Employee of ICICI or Reliance Group Companies? A Special Loan Offer Awaits You!

Special interest rates and processing fee offers are available to ICICI and Reliance Group employees. For details, check out the table below.

Corporate	Salary Band	Special Corporate Offer (ICICI Bank Relationship)	Special Corporate Offer (Non ICICI Bank Relationship)	Processing Fee ((ICICI Bank Relationship)	Processing Fee ((Non ICICI Bank Relationship)
Reliance Group	All Bands	12.99%	12.99%	0.75%	0.75%
ICICI Group Employees	All Bands	11.75%	11.75%	₹1,999	₹1,999

What’s in Store for Employees Across Different Industries?

Be greeted with the special offers if you are a part of any of the following industries.

Corporate	Salary Band	Special Corporate Offer (ICICI Bank Relationship)	Special Corporate Offer (Non ICICI Bank Relationship)	Processing Fee ((ICICI Bank Relationship)	Processing Fee ((Non ICICI Bank Relationship)
BFSI	All Bands	13.99%	13.99%	0.99%	0.99%
Pharma	All Bands	13.99%	13.99%	1.25%	1.25%
Private Banks	NTH >/= 75 K	12.75%	12.75%	₹2,999/-	₹2,999/-
Private Banks	NTH 35K - 75K	12.99%	12.99%	₹ 2,999/-	₹2,999/-
Private Banks	NTH <35 K	13.49%	13.49%	₹2,999/-	₹2,999/-
PSU Banks	NTH >/= 50 K	13.25%	13.25%	1.49%	1.49%
PSU Banks	NTH 35K - 50K	14.70%	14.70%	1.49%	1.49%
PSU Banks	NTH <35 K	15.75%	15.75%	1.49%	1.49%

What’s There for the Government Employees?

Corporate	Salary Band	Special Corporate Offer (ICICI Bank Relationship)	Special Corporate Offer (Non ICICI Bank Relationship)	Processing Fee ((ICICI Bank Relationship)	Processing Fee ((Non ICICI Bank Relationship)
Government-Diamond	NTH >/= 75 K	11.29%	11.29%	1.50%	1.50%
Government-Pearl	NTH 35K - 75K	11.50%	11.50%	1.50%	1.50%
Government-Ruby	NTH <35 K	13.50%	13.50%	1.50%	1.50%

General ICICI Personal Loan Offers

Particulars	Details
Interest Rate	10.75% - 19.00%
Loan Amount	Upto INR 40 Lakh
Tenure	5 Years
Processing Fees (Non-Refundable)	INR 4999(>=10 Lac) or 2% of the loan amount + GST
Prepayment Charges	5% of principal outstanding + GST
Additional Interest on late payment	24% per annum
Repayment Mode Swap Charges	INR 500 per transaction plus GST
Amortisation Schedule Charges	INR 200 per schedule plus GST
Statement of Account Charges	INR 200 per schedule plus GST
Prepayment/Foreclosure Statement Charges	INR 100 per schedule plus GST
Duplicate No Objection Certificate/ No Due Certificate	INR 500 per NOC plus GST INR 200 per NDC plus GST
Duplicate Prepayment/Foreclosure Statement Charges	INR 200 per schedule plus GST
Loan Cancellation Charges	INR 3000 plus GST
EMI Bounce Charges	INR 400 per bounce plus GST

Bajaj Finserv – How Attractive Its Personal Loan Offers are?

Bajaj Finserv offers personal loans upto ₹25 lakh for flexible tenures ranging upto 5 years. All goes well, the disbursal can be as quick as 24 hours. Interest rates start from as low as 10.99% and remain upto 16%.

It also offers a flexi personal loan that allows you to borrow and prepay as and when you feel right to do so. Actually, it’s a type of loan disbursed to a separate account from where you can withdraw as your needs. Only when you withdraw will the interest accrue. Keeping the calculations in mind, you can save EMI upto 45%.

Kotak Mahindra Bank Personal Loan

Kotak personal loan comes with an interest rate as low as 10.99% per annum. Its personal loan offers are available for even those who get their salary in cash. Sounds interesting as many financial institutions don’t lend to such individuals. Plus, there are customized loans for employees according to their workplace and the industry they are in.

Product Type	Category	Criteria	Interest Rate (in p.a.)	Corporate Salary Account Processing Fee (in %)	Non Corporate Salary Account Processing Fee (in %)
K-Offer (Cash in Hand)	CAT A/B/C	NTH > 75000	15.00%	2.00%	2.50%
		NTH: 50000 - 74999	15.50%	2.00%	2.50%
		NTH: 35000 - 49999	15.50%	2.00%	2.50%
		NTH : 20000-34999	17.45%	2.00%	2.50%
		NTH <20000	17.45%	2.00%	2.50%
	CAT D	NTH >=75,000	18.49%	2.00%	2.50%
		NTH : 50,000 to 74,999	19.15%	2.00%	2.50%
		NTH : 35,000 to 49,999	19.65%	2.00%	2.50%
		NTH : 25,000 to 34,999	20.15%	2.00%	2.50%
		NTH : 18,000 to 24,999	20.99%	2.00%	2.50%
	Kotak employees	Ticket Size < 3Lakhs	11.99%	NA	NA
	Kotak employees	Ticket Size > 3 Lakhs (No Deviation)	11.49%	NA	NA

Segment	Net Loan Amount (₹)	Interest Rate(in p.a.)	Direct Selling Agency Processing Fee	Non Direct Selling Agency Processing Fee
Optimus Prime (CAT A, B,C and D) Fresh Loan	Above 20 Lakhs	11.29%	0.75%	0.50%
	15 Lakhs-19.99 Lakhs	11.49%	0.75%	0.50%
	10 Lakhs-14.99 Lakhs	11.49%	0.75%	0.50%

Corporate Offer	Income	Interest Rate	Processing Fee
Super Platinum	NTH>35K NTH< 35K	10.99% 11.75%	0.99% 1.25%
Platinum	NTH>35K NTH< 35K	10.99% 12.69%	0.99% 1.25%
Gold	DSA Non DSA	13.99% 14.75%	0.99% 1.25%
Silver	All	15.00%	1.75%
Reliance Group	All	12.99%	0.75%
Pharma	All	13.99%	1.25%
Automobile & Aviation	All	13.99%	1.25%
Central and State Government Employees	NTH>=50K NTH>=35K NTH>=24K	14.75% 15.00% 16.75%	1.75% 2.00% 2.00%
Private Sector	NTH > = 75K NTH < 75K	12.75% 12.99%	1.25% 1.25%
PSU	NTH > = 50K NTH < 50K	13.25% 15.50%	1.25% 2.00%-2.50%
Maha/Minim/Nav Ratnas	NTH>75K NTH: 50K-74.99K NTH<50K	10.99% 11.49% 13.49%	1.50% 1.50% 1.50%

Enjoy Attractive Balance Transfer Options

The bank also offers attractive balance transfer options to individuals servicing the loan at higher rates of interest somewhere. Get the loan switched to Kotak at rates as low as 11.65% per annum.

	Category	Income	Interest Rate (in p.a.)	Processing Fee
Balance Transfer and CIBIL Watch	CAT A/B/C	NTH >=35K NTH< 35K	11.65% 11.99%	INR 1,999 INR 1,999
Balance Transfer and CIBIL Watch	CAT D	NTH >=35K NTH < 35K	13.05% 15.05%	1.49% of the loan amount 1.49% of the loan amount

What’s Special About SMFG India Credit Personal Loan?

SMFG India Credit is rapidly becoming the choice of individuals for personal loan offers because of the customization it brings to the fore. Private or public limited company employee earning a minimum gross salary of ₹30,000 a month and falling in any of the A, B or C risk grade would benefit from the following offers.

Income (Gross Salary )	Metro & Tier 1	Tier 2+3+4	Processing Fee
>=30,000-35,000	19.5%	20.5%	2% of the loan amount
>=35,000-40,000	18.5%	19.5%	2% of the loan amount
>=40,000-50,000	17.5%	18.5%	2% of the loan amount
>=50,000	17.25%	17.5%	2% of the loan amount

Personal Loan for Elite Customers

The ‘Elite’ tag is given to customers earning a minimum income of ₹75,000. These customers can get a minimum loan of ₹8 lakh and a maximum of ₹25 lakh. The money will be the account in 72 hours. Meanwhile, the interest rates can be as low as 11.99% per annum.

Tata Capital Personal Loan Deals

Tata Capital personal loans come at interest rates as low as 11.99% per annum.
Personal Loan Rates in Detail:

Company Category	20-30k	Processing Fee (of the loan amount)	30-60k	Processing Fee (of the loan amount)	60K - 100K	Processing Fee (of the loan amount)	100k and	Processing Fee (of the loan amount)
Tata Group	12.75%	1.25%	12.50%	1.25%	11.99%	999	11.99%	999
Super Cat A	12.75%	1.25%	12.75%	1.25%	11.99%	999	11.99%	999
Cat A	13.50%	1.50%	13.00%	1.50%	12.50%	999	11.99%	999
Cat B	NA	NA	14.50%	1.75%	13.50%	1%	13.00%	1%
Cat C	NA	NA	15.50%	2.00%	14.50%	2.00%	14.00%	2.00%
Unlisited	18.50%	NA	18.50%	2.50%	17.00%	2.50%	16.50%	2.50%

Personal Loan Deals for Loan amount Greater Than INR 5 Lakh

Company Category	Rate of Interest	Processing Fee (of the loan amount)
SCATA/TATA Group/CAT A	11.99%	999
Cat B	13.00%	999
Cat C	14.00%	2.00%
Unlisited	16.00%	2.00%

Personal Loan Deals for Loan amount Greater Than INR 10 Lakh

Company Category	Rate of Interest	Processing Fee (of the loan amount)
SCATA/TATA Group/CAT A	11.49%	999

Personal Loan Deals for Tata Capital Employees

Company	Rate of Interest	Processing Fee (of the loan amount)
Tata Capital	11.49% (irrespective of salary band)	999 (fixed)