Personal Loan Real time Approval

SK SERVICES offers instant soft approval for Personal Loan which further gets disbursed in 24 hours from our in-house NBFC, multiple banks & other NBFCs. Enjoy the fastest process, door step services, transparent processing, simple & easy documentation and competitive lowest interest rate.

We also provide loans to those who are bachelors living on the shared basis or rented.

A personal loan is purely unsecured, short term cash loan, which means that the individual customer is not required to provide the bank with any security (ex. property, jewels) or any kind of guaranty against the personal loan.

Formally, for any urgent cash requirement, we prefer personal loan. It can be taken for any general purposes like education, reconstruction of property/home renovation, a wedding expense, vacation etc. Most of the finance companies or other banks offer Personal Loan up to Rs. 40 lacs for salaried customers. Normally, it can be repaid over a period of 12 months to 60 months. Some of the banks are funding more than that.

The personal loan amount you are eligible for and the personal loan interest rate for you will depend on factors such as monthly income, customers employment history, residence history and past financial credit history along with the pattern. Banks typically have capped the monthly payment (EMI) on your loan to about approximately 60% – 70% of your monthly take home income. However, a customer cannot take a personal loan for any kind of bad investment or expense which is not approved by the banks or by the law.

Personal Loan offers / schemes, lowest interest rates from different financial companies.

  • We are here to help all our customers to get special offers from all the Banks/ NBFCs for quote on interest rates in many different ways (ex. monthly reducing rate, flat rate). Looking at the interest rate value alone might not give you a true picture of which personal loan quote is the best for you. You must check the EMI. The processing fee should also be considered when comparing loan quotes.
  • If you are in urgent need of Personal loan, just compare the average time taken by the banks to disburse a personal loan. Get Instant Personal Loan in Pune.
  • Compare the customer satisfaction ratings of each bank and choose the best, as the application process is different at each bank.
  • You can take help for comparing the best deal from SK Services team at free of cost.

Personal Loan Interest Rates

Read below comparison sheet for Personal Loan Interest Rates. SK Services has consolidated all the information regarding the latest rate of interests at one place. This loan comparison will surely help you to apply for a personal loan. Please keep visiting this section to remain updated.

Comparison chart for the rate of interests and loan amount.

Banks/Finance company Min. Salary Per month in Rs Rate of Interest Between Loan Amount Provides Between
HDFC BANK 15000 10.99% – 18% 1 Lac – 40 Lac
ICICI BANK 17500 10.99% – 18% 1 Lac – 40 Lac
Yes BANK 25000 10.75% –  16% 2 Lac – 40 Lac
Capital First 20000 12% – 24% 1 Lac – 10 Lac
Fullerton India 12000 18% – 40% 25 k – 15 Lac
HDB Financial 20000 14% – 21% 1 Lac – 15 Lac
Tata Capital 20000 12% – 18% 1 Lac – 15 Lac
RBL Bank Ltd 20000 13% – 18% 1 Lac – 15 Lac
ADITYA BIRLA 15000 14%– 26% 25K—15 Lac

Disclaimer: The interest rates given here are based on the market research. To enable the comparisons, the certain set of data has been reorganized/restructured / tabulated. This site does not take any responsibility for any sudden/uninformed changes in interest rates.

Personal Loan Balance Transfer (BT)

Easy Balance Transfer for Personal Loans

Personal Loan Balance Transfer as a concept was first linked with a transfer of your outstanding balance

Better interest rates – You have taken a loan from Bank A while working in a mid size company. You have now moved to a Category A (large and established) organisation to which banks offer a better interest rate. If the probability of the current lender reducing the interest rate is low, you can move your outstanding loan amount to Bank B with an minimal charge and would end up paying lower EMIs

  • Offer by banks on Balance Transfer – Let us assume that you have taken a loan from a bank and have been paying the instalments on a regular basis. Your profile too matches the ideal or favourable criteria of any bank. In this case, other banks would want to acquire you as a customer as they would be sure of your intention and ability to repay based on past records. In such a case multiple banks will be willing to offer an interest rate lesser by a sizeable percentage of about 2% – 3% if you undertake a Balance Transfer.

Top-up Loan – A final scenario when you would want to go for a Balance Transfer is when you need to borrow more money. If you already have a regularly-serviced loan with a certain bank and are in need an additional loan (called a top-up), a separate bank might be willing to offer it at a better rate if you agree to transfer the outstanding balance of your current loan to them.

For Salaried Customers

  • One valid Identity proof
  • Latest six months Bank statements
  • Latest Residence proof
  • Latest three month Salary slip
  • If required guarantors & their same set of documents

For Self Employed Customers

  • Three years ITR if more than 5 yrs in same business
  • Profit & Loss Account , Balance Sheets & Audit report
  • If company is Pvt ltd then MOA
  • Shop act / Partnership Deed & other mandatory documents etc.
  • KYC of individual / company
  • Six month bank statement

Processing Fees and Charges

  • Normally bankers charge a processing fee of 2% to 3% of the loan amount, which may vary based on credit profile.
  • If you repay your personal loan earlier than the agreed time frame, also other important part lenders charge with pre-closure or default penalty of about 4% of the pre-closed loan amount.
  • Minimum of loan seasoning is six month means you cannot foreclose your loan before six month.

Personal Loan - Eligibility

Any salaried, self-employed or professional Public and Private companies, The personal loan eligibility criteria for salaried employee is as follows.

  • Minimum age of Applicant : 21 years
  • Maximum age of Applicant at loan maturity :  60 years
  • Minimum Net Monthly Income : Rs. 15,000 per month (minimum Rs. 15,000 – Rs. 20,000 in some banks according to their loan eligibility criteria)

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

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Get a Quote

Now apply for a Loan online, All you need to do is provide your details below application form.