2019’s Top 5 Personal Loan Finance Companies Offering The Best Dealsby Rudra Raghavan Financier
A personal loan is a type of loan that can help you fulfil your various personal goals. From coming to your aid in case of an emergency to helping you pay for the latest tech piece to funding your dream trip, a personal loan can be taken for various reasons. However, to get the best deal, you need to be aware of the various lenders, including banks and non-banking finance companies. Here are 2019’s top 5 non-banking personal loan companies in India offering the best deals.
Bajaj Finserv Personal Loan: A leading non-banking finance company in India, Bajaj Finserv offers its customers a wide variety of financial products, including personal loans. This personal loan company offers a maximum loan of ₹2,500,000 with interest rates starting at 12.99% per annum. You need a minimum net (in-hand) income of ₹30,000 per month to be eligible for the loan. The minimum age for applicants is 25 years and the loan should be repaid before you turn 58 years old. Loans are available for tenures of 1 to 6 years.
India Bulls Dhani: India bulls Dhani is another NBFC that is widely chosen by customers, especially those who need personal loans for shorter durations. This personal loan finance company offers home loans for tenures lasting from 3 months to 2 years. However, you can get the loans of as low as ₹1,000 to as high as ₹1,500,000 for comparatively lower interest rates starting at 11.99% p.a. The entire loan application process, including submission of documents can be completed online and the funds are disbursed into your account almost instantly.
Mahindra Finance Personal Loan: A prominent name in the finance sector in India, Mahindra Finance is the NBFC wing of the Mahindra Group. It also serves as a personal loan provider, offering customers personal loans of up to ₹300,000 with maximum loan repayment tenure of 3 years. Personal loans are offered at low interest rates starting at 11.70% per annum. You need to be 21 year and above to be eligible for this loan, whereas the maximum age for availing this loan is 58 years.
Tata Capital Personal loan: The Tata Group is a multinational conglomerate company that offers a wide range of services including financial services. Tata capital personal loan private company is a part of this huge enterprise. The company offers personal loans starting at 12.99% up to 19.75% per annum. You can get a maximum loan amount of ₹2,000,000 and the loan can be repaid in tenures of 1 to 6 years. Salaried people applying for this loan need to be between 24 and 55 years whereas self-employed individuals should be between the ages of 25 and 65 years.
Aditya Birla Finance Personal Loans: A financial company with an impeccable market reputation, Aditya Birla Finance Personal Loans can prove to be a good choice for your personal loan needs. Applicants over the age of 23 years can apply for the loan, which needs to be repaid before you turn 60. The company offers a maximum personal loan amount of ₹3,000,000 which you can repay in tenures of 1 to 5 years. The interest rate levied on these loans is also very competitive – 11.00% to 13.75%.
Opting for a private finance company personal loan may prove more beneficial than approaching a bank, especially when you need funds instantly. Most NBFCs offering personal loans have fewer restrictions for sanctioning it. Also, it is possible to apply for the loan online, with many companies disbursing the loan amount directly into your account within a couple of hours.
Created on Sep 23rd 2019 07:43. Viewed 293 times.