Time To Get Personal With Your Loans

By BankBazaar | June 4, 2016

Time To Get Personal With Your Loans

Taking out a loan isn’t something that most people really want to do, but situations do arise during an individual’s lifetime when there’s just no escaping it. Many of us have been down that road, and while it isn’t the worst thing in the world if you manage yourself properly, things could go south pretty quickly if you don’t keep yourself in check financially.

I Want A Personal Loan!

We hear you. You want to get your daughter married as soon as possible so you can have the sofa all to yourself and finally take a much-needed vacation with the wife, but you don’t have the cash to spring for her wedding and the flights. Hey, no problem. Getting a Personal Loan is a fairly easy process in this day and age.

You can get these loans quite quickly at almost any bank or financial institution and with minimum fuss over documentation. The cool thing about a Personal Loan is that the loan amount can be used for just about anything, since there’s no one to keep a check on what you’re spending it on. In that sense, it gives you the freedom to do as you wish.

Depending on who you approach, you can get yourself a Personal Loan of up to 30 lakh – based on your ability to pay it back as well as your credit history, of course.

Sounds Pretty Cool. What Banks Should I Approach?

Depending on which part of the country you live in, there are literally hundreds of banks that could offer you great deals on Personal Loans. However, you can get some of the best Personal Loans on offer through the following banks:

ICICI Bank Personal Loan

Personal Loans offered by ICICI Bank are unique in the sense that the loans the bank offers to its customers are tailor made for the applicant’s financial track record. These loans offer borrowers attractive interest rates with the bare minimum required as far as documentation is concerned. ICICI Bank’s quick loan approval turnover also makes it a popular choice among most people in the country. The bank usually rolls out Personal Loans with tenures ranging from one to five years.

Axis Bank Personal Loan

Axis Bank offers their customers Personal Loans at extremely competitive interest rates and is quite popular due to its excellent customer service and response rate to customer queries. Applicants can get loans for a tenure of up to five years at low processing fees and with minimal documentation. However, what makes getting a Personal Loan from Axis Bank an extremely viable proposition is its branch presence in most small and rural towns in India.

HDFC Bank Personal Loan

HDFC Bank is also an extremely popular choice among Indian citizens when it comes to Personal Loans due to its attractive interest rates and 24-hour customer helpline. However, what sets HDFC Personal Loans apart from other banks are the special offers the bank provides to women applicants. The bank also provides applicants with free personal accidental coverage up to 8 lakh with every Personal Loan it gives out. Win-win!

There you have it. Now you can rest easy, safe in the knowledge that the comfy sofa in your living room is going to be all yours for the foreseeable future. Oh, and don’t forget to get those flight tickets for your vacation!

Note: BankBazaar does not encourage or condone the use of Personal Loans for vacations. Reader discretion is advised.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.

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