Meet your urgent financial needs through Personal loans from our top partner banks
An Offer You Can’t Say No to! Personal Loan at Lowest Interest rates
Quick Disbursal
Quick Disbursal
Loan Amount Upto 50 lakhs
Access to multiple bank offers in one place
Assured eligibility for maximum loan amount
Negotiate the best Interest rate with Banks
Zero Hassle, Zero Fees, Zero Hidden Charges
Personal Loan
Fingo provides various personal loan options available from different banks and NBFCs to serve the needs of diverse customer groups. This enables customers to compare loan offers from across India’s leading lenders and choose the best among the options applicable to them.
- We help you choose the best bank/product basis your credit profile
- We get you the maximum loan amount eligibility
- We negotiate for the best interest rate with banks
- We Assist you with all required documentation
- We follow up with the bank until the loan is disbursed
Highlights of Personal loans through Fingo
Interest Rates | Starting from 8.3% onwards |
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Loan amount | Up to 50 lakhs “some lenders provide even higher loan amounts” |
Tenure | Up to 5 years “some lenders offer up to 7 years” |
Processing Fees | 0.5 - 4% depending upon the lender |
Eligibility
Who Can Apply
For Salaried: ₹15,000 Annually
Note: must be from reputed organisations, private or public limited companies, Government organisations, PSUs, MNCs, and other larger enterprises.
For Self-Employed: ₹5.00 lakhs Annually
Note: Self-employed must be able to continue their critical operations through various disruptions for at least 2 years.
Minimum Age: 23 years
Maximum Age: at the time of loan maturity - 60 years or retirement, whichever comes first
Documentation
- Aadhaar Card
- PAN Card
- Passport
- Driving License
- Voter’s ID
- Aadhaar Card
- Driving License
- Utility Bills (not more than 3 months old)
- Passport
- Lease
- Property Purchase Agreement
- Salary Slips
- Form 16 for salaried customers; Previous Years’ ITR
- Bank Account Statement
- P&L Statement and Balance Sheet
- Bank Account Statement for self-employed professionals.
- Business Incorporation Certificate
- Partnership Deed
- Professional Degree
- GST Registration and Filing Documents
- Certificate of Practice
- MOA & AOA
- Shop Act License for self-employed individuals.
Interest Rates
Interest rates start from as low as 8.3% for Personal Loan products in the market. The interest rate from the lender depends upon several factors like loan amount, credit score, income, category of the employer, credit history etc. Interest rates of different Banks & NBFCs are provided below for reference
These rates keep changing from time to time
Personal Loan Interest Rates From Different Lenders
Lenders | Interest Rate (p.a.) |
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State Bank of India | 11.00% -14.00% p.a. |
HDFC Bank | 10.50% onwards |
Punjab National Bank | 10.40%-16.95%. |
ICICI Bank | 10.75% onwards |
Bank of Baroda | 10.90%-18.25% |
Union Bank of India | 11.40%-15.50% |
Axis Bank | 10.49% onwards |
Bank of India | 10.25%-14.75% |
Indian Bank | 10.00%-15.00% |
Kotak Mahindra Bank | 10.99% onwards |
Central Bank of India | 10.95%-12.55% |
IndusInd Bank | 10.49% onwards |
IDBI Bank | 11.00%-15.50% |
Yes Bank | 10.99% onwards |
UCO Bank | 12.45% - 12.85% onwards |
Federal Bank | 11.49%-14.49% |
Bank of Maharashtra | 10.00%-12.80% |
IDFC FIRST Bank | 10.49% onwards |
Bajaj Finance | 11.00% onwards |
RBL Bank | 17.50%-26.00% |
Muthoot Finance | 14.00% - 22.00% |
Citi bank | 10.75% - 16.49% |
Tata Capital | 10.99% onwards |
Standard Chartered Bank | 11.49% onwards |
HSBC | 9.75%-16.00% |
Navi Finserv | 9.90% onwards |
StashFin | 11.99% – 59.99% |
Fullerton India | 11.99% onwards |
Faircent | 9.99% onwards |
KreditBee | up to 29.95% |
Dhani Loans & Services(Formerly Indiabulls Consumer Finance Ltd.) | 13.99% onwards |
Money View | 15.96% onwards |
PaySense | 16.80%-27.60% |
Home Credit | 24.00% onwards |
CASHe | 27.00% onwards |
HDB Financial Services | up to 36.00% |
Fees & Charger
The fees and charges for personal loans primarily depend upon the loan amount, the borrower’s credit profile, and the lender.
Personal loan processing fees vary from 0.5 - 4% of the loan amount and in certain cases/banks, the processing fees is provided as fixed/flat fees. Some PSU banks have considerably low processing fees compared to other Banks/NBFCs as they have limited the fees irrespective of the volume of the loan being taken.
Pre-payment charges are required to be paid by the applicant when part of the loan amount is prepaid. However, lenders are not allowed to charge Pre-payment charges on personal loans with floating interest rates by RBI.
Foreclosure charges is the penalty levied on the customer when the loan is closed before the completion of tenure. Some lenders do not allow the closure of loan accounts until a pre-determined number of EMIs have been paid. However, these charges are not applicable for personal loans with floating interest rates by RBI similar to pre-payment charges
Loan cancellation charges are usually in the range of ₹1,000 - 3,000 and are charged when the person decides cancellation after the loan is sanctioned. Other fees and charges for personal loan disbursal include stamp duty charges, legal fees, penal charges, cheque dishonour charges, documentation and verification charges, duplicate statement charges, NOC charges, and so on.
Calculator
The fees and charges for personal loans primarily depend upon the loan amount, the borrower’s credit profile, and the lender.
Loan Amount:
Rate of interest:
Loan tenure:
Principal amount
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Your monthly EMI
Frequently Asked Questions
Why should I apply for Personal Loan through Fingo?
Why shouldn't I apply with multiple lenders directly?
How does the online loan application process work?
- We ask you to provide some basic personal and professional details to evaluate your profile just the way banks do.
- Our advanced algorithm shall evaluate your profile and requirement and finds the best match from the universe of banks which meets your requirement.
- We negotiate with lenders and try to get you the best possible terms for your loan.
- Our dedicated and passionate team shall provide you end-to-end assistance right from the application submission to the final disbursal of loan/issuance of credit cards
Does applying for a Personal loan on Fingo impact my credit score?
How much amount can I get on my personal loan?
Two methods are generally employed by banks and NBFCs in deciding the loan amount: the Multiplier method and the EMI/NMI/FOIR ratio. In the former method, a predetermined multiple (usually 10 to 24 times) of the NMI of the borrower is given as the loan amount. In the latter method, the EMI for the loan should not exceed the predetermined ratio.
How much credit score should I have?
Is any security be submitted to obtain a personal loan?
Can I take a personal loan from multiple sources at the same time?
Can I get a personal loan if I have any other loans?
Can a student apply for personal loans?
Get your loan eligibility checked in just a few seconds!
Overview
Eligibility
Documents Required
Current Interest Rates
Fees & Charges
EMI Calculator
FAQ’s