Need Rs. 10,000 Urgently as a Personal Loan?

Need Rs. 10,000 Urgently as a Personal Loan?

Occasionally it may so happen that you may need money urgently and you seek a quick and hassle-free loan in your account.

Well, gone are those days when Personal Loans were tedious and it took tons of paperwork to get that money disbursed in your account. Nowadays most of the well-known banks will swiftly disburse the loan or the amount you want to your account without much documentation. All you need is to submit all the required documents on time, and the bank will process your loan quickly.

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If you are in urgent need of money, you have come to the right place. This article will tell you All About Personal Loans, applying for the loan, and making the most out of it. Read on to know more.

Bank Name Rate of Interest Amount Processing Fee Tenure
SBI Personal Loan

10.50%Apply Now

Rs. 10,000 – Rs. 50 Lakhs 2-3% 5 Yr.
HDFC Personal Loan

10.75%Apply Now

Rs. 10,000 – Rs. 50 Lakhs 0.99-2.25% 5 Yr.
ICICI Personal Loan

11.25%Apply Now

Rs. 10,000 – Rs. 30 Lakhs 0.99-2.25% 5 Yr.
Yes Bank Personal Loan

10.99%Apply Now

Rs. 10,000 – Rs. 40 Lakhs 0.99-% 5 Yr.
Citibank Personal Loan

10.05%Apply Now

Rs. 10,000 – Rs. 30 Lakhs 0.5-2% 5 Yr.

What is a personal loan?

A Personal Loan is an unsecured loan where you can borrow money from the bank and not specify how you intend to use it. It is different from other types of loans because, in a home loan or a car loan, you are specifically borrowing money for a particular reason.

 

Apply for HDFC Personal Loan

 

A Personal Loan gives you the freedom to decide how you want to spend the money that you will receive from the bank. A Personal Loan can be known as an unsecured loan because in such a kind of loan you do not have to provide any guarantee or collateral. You simply need to submit your documents and the bank processes the loan.

Why do you need a Personal Loan?

A personal loan is an all-purpose loan, and you can use it for any financial reason. Generally, people opt for Personal Loans for the following purposes:

  • Paying off debts
  • Backing up money for an emergency
  • Planning a wedding
  • Planning a vacation
  • Purchasing an expensive gadget
  • Paying for a college degree
  • Medical bills
Moneytap Urgent Loan Check Loan EMI

What are the eligibility criteria for getting a personal loan?

Getting a Personal Loan is easy if you:

  • Are a salaried person with a minimum income of Rs. 15,000
  • Have all your documents in place. You have to submit all your documents to the bank (residence proof, ID proof, salary slips, and bank statements)
  • Are at least 21 years of age and less than 60 years at the time of applying for the loan
  • In many cases, self-employed individuals are also eligible for applying.

What are the best banks for getting a personal loan quickly?

Depending on your financial credibility, salary and reputation with the bank, the lenders may be able to provide you with a low-interest rate. Here are some of the best banks that provide a low interest rate on Personal Loan:

ICICI Bank Personal Loan: Loaning the money from ICICI means that your loan processing will take place almost immediately. For customers of the bank, the loan amount is disbursed to their account in less than 3 hours.

  • Rate of interest: 11.25% to 22% p.a.
  • Minimum and maximum amount: Rs. 10,000 – Rs. 30 Lakhs
  • Tenure: 12-60 months depending on the customer’s comfort
  • Processing Fee: 0.99-2.25%

Sbi Personal Loan: State Bank of India is one of the oldest and most respected banks of India. As a result, they are very credible when it comes to getting a loan. They too can provide a loan very quickly provided the lender is able to furnish all the documents on time.

  • Rate of interest: 10.50% onwards
  • Minimum and maximum amount: Rs. 10,000 – Rs. 50 Lakhs
  • Tenure: 12-60 months depending on the customer’s comfort
  • Processing Fee: 2-3%

 

Apply for SBI Personal Loan

 

HDFC Bank Personal Loan: HDFC Banks have a special privilege for people who are employed with reputed organizations. In this case, you will get a special and lower rate of interest on the personal loan.

  • Rate of interest: 10.75% onwards
  • Minimum and maximum amount: Rs. 10,000 – Rs. 50 lakhs
  • Tenure: 12-60 months depending on the customer’s comfort
  • Processing Fee: 0.99-2.5%

How to avail instant Personal Loans?

One of the fastest ways to Avail a Personal Loan is applying online. Right from loan comparison to loan application, to document verification and disbursal can be carried out online from the comfort of your home. All you need to do is visit a loan comparison website and share your preferences.

You will get the list of top offers in the market as per your credit score, and you can directly apply without delay. Besides, you need not worry about negotiation for a low rate of interest. The financial distributing companies are the professional loan mediators and have tie-ups that assure the best rate in the lowest possible time.

You can also access our easy MyMoneyMantra Loan EMI Calculator and apply with peace of mind.

FAQs

✅ How much personal loan can I get if my salary is 10000?

There are lenders in the market which offer you a personal loan at the salary of Rs. 10,000, based on the verification of your income, financial standing, and repayment capacity. Normally, the lender calculates your personal loan amount based on the proposed equated monthly instalment that ranges within 40%-50% of your net monthly income (NMI). In such cases, the eligible personal loan amount can go up to 10 to 30 times of your NMI (the multiplier varies with the lender). In such instances, you can get a loan amount starting from Rs. 1 -3 lakhs from your lender.

✅ How can I get an immediate cash loan?

Compare the best rates offered by various lenders on a cash loan. Visit online website of the loan aggregator and compare the list of top offers in the market based on your credit score. Select the one that is best as per your preferences. Go through the website of that lender, fill the application form and submit it for verification purposes. The disbursal of cash loan will take place subject to the verification of your KYC documents. The online procedure is a convenient way of obtaining an immediate cash loan as per your preferences.

✅ Which bank gives personal loan easily?

Personal loans are the most preferred loans that can be obtained easily online. With various lenders in the market, you can get personal loans easily from reputed lenders such as SBI, HDFC, ICICI, etc., upon document verification.

✅ Which bank gives instant personal loan easily?

Many banks offer instant personal loans at attractive rates of interest. Some of the reputed banks such as SBI, HDFC, ICICI, offer an instant personal loan as per the convenience of the borrower.

✅ Which app gives personal loan instantly?

Apps have changed the way of giving personal loans to borrowers. Some of the best loan apps in India that give personal loan instantly are MoneyTap, KreditBee, Dhani, etc. Simply, download the app on your mobile phone and upload the documents. The document verification takes seconds and within no time you will obtain an instant personal loan.

✅ Can you get a loan with no job?

Yes, you can get a personal loan without a job. You are required to submit the following details with your lender:

  • Submit Form 16 – When you do not have salary slips as income proof or any Income tax receipt, in that case, you need to submit Form 16.
  • Give details about your alternate source of income – Such as income from various business pursuits, income proof of your spouse or parents, housing rental income, etc.
  • Submit collateral – Since personal loan does not require any collateral, if you do not have income proof to show, you can negotiate with your lender for the disbursal of loan amount subject to the collateral submission.
  • Maintain a good relationship with the bank – If you hold a savings or a current account with your bank or has a good financial standing in terms of timely repayments, then the bank does not ask for your income proof documents. Also, if you are a pre-approved customer, you are not required to submit the documents and can apply for the instant personal loan.
  • Add a co-applicant – You can add a co-applicant while filling up your personal loan application form. You have to submit your co-applicant’s income proof and guarantee the personal loan payment, if there is any default.

✅ Can I get a personal loan without a bank statement?

Yes, you can get a personal loan if you do not have a bank statement. You can apply online via the lender’s website or app to avail personal loans easily.

 

Also Read: How Do Banks Calculate Eligibility Of Personal Loan In India?

 

To apply online for Credit Cards, Secured Loans and Unsecured Loans, visit www.mymoneymantra.com, the leading online lending marketplace that offers financial products from 100+ Banks and NBFCs. We have served 4 million+ happy customers since 1989.

 

Apply for Personal-Loan

 

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Category: Personal Loan