Compare and Apply for Personal Loans

Providers

Interest Rates (per annum)

Processing Fees (Rs.)

Partial Pre-payment Restrictions

Minimum Foreclosure Period

Foreclosure/Prepayment Charges (Rs.)

Axis Bank

10.49% onwards

Up to 1.5% of the loan amount

5% for 1 to 12 months

4% for 13 to 24 months

3% for 25 to 36 months

2% for greater than 37 months

                -

5% for 1 to 12 months

4% for 13 to 24 months

3% for 25 to 36 months

2% for greater than 37 months

Bajaj Finserv

13% onwards

Up to 4% of the loan amount

l After at least 1 month from date of loan disbursal

I Up to 2% + applicable taxes on part-payment amount paid

I Part-prepayment made should be more than 1 EMI

As per the loan agreement

4% of principal outstanding amount

Bank of Baroda

10% onwards

2% of the loan amount

As per loan agreement

                -

Nil

Bank of India

9.35% onwards

Up to 2% of the loan amount

As per loan agreement

                -

As per loan agreement

Bank of Maharashtra

9.55% onwards

Up to 1% of the loan amount

As per loan agreement

                -

As per loan agreement

CASHe

27% onwards

Up to Rs. 1200 or 3% of the loan amount

              - 

                -

                   -

Central Bank

8.45% onwards

Up to 1%

As per loan agreement

                 -

As per loan agreement

Citibank

9.99% onwards

Up to 3% of the loan amount

l Part prepayment is allowed after 12 months of loan tenure.

l Part prepayment amount: Minimum 2 monthly EMIs and maximum 5 monthly EMIs

After 12 months of the loan tenure

Up to 4% on total principal outstanding + Interest for the ongoing month

Clix Capital 

As per loan agreement

Up to 10% of the loan amount

              - 

After a lock-in period of 6 months

5% of principal foreclosed+

applicable taxes

EarlySalary

18% onwards

2% of the loan amount

                -

               -

Nil

Faircent

12% onwards

Up to 8% of the loan amount

               -

Anytime during the loan tenure

Post 3 months of loan disbursal: Nil

Within first 3 months of loan disbursal: 3 months’ balance interest due to the lender + Rs. 500

Federal Bank

10.49% onwards

Up to 3% of the loan amount

As per loan agreement

            -

Nil for floating rate schemes

3% for fixed rate schemes

Fullerton India

11.99% onwards

Up to 6% of the loan amount

As per loan agreement

After 6 EMIs are paid

Up to 7% of the principal outstanding

HDB

Up to 36%

Up to 3% of the loan amount

              -

After a lock-in period of 6 months

Up to 4% of the principal outstanding

HDFC Bank

10.25% onwards

Up to 2.5% of the loan amount

l Part prepayment allowed after repayment of 12 EMIs

l It is allowed up to 25% of principal outstanding

l Allowed only once in a FY and twice during the loan tenure

After repayment of 12 EMIs

4% of of the principal outstanding

Home Credit

24% onwards

Up to 5% of the loan amount

               -

Anytime during the loan tenure

Nil

HSBC Bank

9.50% onwards

Up to 1% of the loan amount

As per loan agreement

After a lock-in period of 6 months

Up to 5% of the principal outstanding

ICICI Bank

10.50% onwards

Up to 2.5% of the loan amount

Not Allowed

After 12 EMIs are paid

5% of the principal outstanding

IDBI Bank

9.50% onwards

Up to 1% of the loan amount

I Part payment allowed without any charges after 6 months of disbursement.

I Maximum part payment amount is 10% of the outstanding loan amount subject to minimum of Rs. 10,000/-.

I Part payment allowed maximum 3 times in year with an interval of 90 days.

I Part payment within six months from disbursement: 2% of the outstanding loan amount + applicable taxes.

I Salary Account with In-built Overdraft facility: Nil

Anytime after the loan disbursal

Nil, if foreclosed after 24 months of loan disbursal

2% of the principal outstanding, if foreclosed after 12 months 

1% of the loan amount, if foreclosed after 12 months but before 24 months

• Salary Account with In-built Overdraft facility: Nil

IDFC First

10.49% onwards

Up to 2.5% of the loan amount

                 -

After payment of 12 or more EMIs

5% of the principal outstanding

Indian Bank

9.05% onwards 

Up to 1%

As per loan agreement

                    -

As per the loan agreement

IndusInd Bank

11% onwards

Up to 3% of the loan amount

Not Allowed

After 12 months for salaried clients and after 6 months for self-employed clients

4% of the principal outstanding

Kotak Mahindra Bank

10.25% onwards

Up to 2.50% of the loan amount

I Permitted up to 20% every year, after completion of lock-in period of 12 months

I  Rs. 500 + GST per instance of part-prepayment

After lock in period of 12 months

After 1st year: 5% of outstanding

After 2nd year: 4% of outstanding

After 3rd year: 3% of outstanding

Kreditbee

12.24% onwards

Up to 6% of the loan amount

             - 

Anytime during the loan tenure

Nil

Moneyview

15.96% onwards

Starting from 2% of the loan amount

Not Allowed

I After payment of at least 3 EMIs. 

I Allowed only if your EMI repayment period is longer than 6 months 

Nil 

Muthoot Finance

14% onwards

Up to 3.5% of the loan amount

Not allowed

After lock-in period of 9 months

10 to 12 months - 6% of loan outstanding + GST

>12 months - 5% of loan outstanding + GST

PaySense

16.80% onwards

Up to 2.5% of the loan amount

               - 

After first 3 EMIs are paid

4% of the principal outstanding

Punjab National Bank

7.70% onwards

Up to 1% of the loan amount

Can be done anytime during the loan tenure

Anytime during the loan tenure

Nil

RBL Bank

14% onwards

Up to 3.5% of the loan amount

As per loan agreement

1 year after the first EMI

5% of the principal outstanding, if foreclosed b/w 13-18 months

3% of the principal outstanding, if foreclosed after 18 months

Nil, if foreclosed using your own funds after 12 EMIs

Standard Chartered Bank

11% onwards

1% of the loan amount

Up to a maximum of 25% of your outstanding balance in a year

Anytime during the loan tenure

Upto 12 Months:       5%

13 to 24 Months:       4%

25 to 36 Months:       2%

> 36 Months:      1%"

StashFin

11.99% onwards

Up to 10% of the loan amount

               -

After payment of 3 EMIs

                        -

State Bank of India

9.60% onwards

Up to 1.5% of the loan amount

As per loan agreement

                  -

Up to 3% of the principal outstanding

TATA Capital

10.99% onwards

Up to 2.75% of the loan amount

I Not allowed in first 6 months

I Can only be availed once a year & there should be a gap of at least 6 months between two part prepayments

I A maximum of 25% of principal outstanding can be part paid during a year

I 2.5% of principal outstanding + taxes is applicable for every part payment done

After 6 months of loan tenure

4.5% of the principal outstanding

UCO Bank

8.45% onwards

Up to 1%

of the loan amount

As per loan agreement

               -

As per loan agreement

Union Bank of India

8.90% onwards

0.5% of the loan amount

Nil

Anytime during the loan tenure

Nil

Yes Bank

10.99% onwards

Up to 2.5% of the loan amount

l Allowed after 12 EMI payouts

l Part Payment allowed with Zero charges

After 12 EMI payouts

Nil to 4% of the outstanding principal on the basis of tenure