Instant Online Personal Loan in Hosur

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How it Works!

Quikkloan made the effortless process for the customers. Apply Personal Loan Online, Compare the best personal loan offer from the various Banks & NBF, upload the documents online, get disbursal in 24Hrs.

  Eligibility Criteria
Salaried Individuals between 21 to 58 years, Minimum Net Monthly Salary of Rs. 20,000 and Employed for at least 1-2 years

  Get ready with Documents
PAN & Aadhaar Card, Latest 3 month Bank statement, Two latest salary slip / latest Form 16, Cancelled Cheque

  Get Disbursal in 1 Day*
Personal Loan up to 25 Lakh, Instant approval and Fast Disbursal through Partnered Banks / NBFC, No Collateral and Minimum Documentation

Top Banks

Offering Lowest Personal Loan Interest Rates in Hosur

Lenders Interest Rates Loan Amount Tenure Processing Fee Apply Online
SBI 9.60% to 13.60% per annum Up to 15 Lakh Up to 5 Years Nil – 1% of the Loan Amount + GST Apply Now
ICICI  11.25% to 22.00% per annum Up to 20 Lakh Up to 5 Years Up to 2.25% of loan amount+GST Apply Now
HDFC 10.75% to 21.30% per annum Up to 15 Lakh Up to 5 Years Up to 2.50% of the loan amount Apply Now
Axis Bank 12%-24% per annum Up to 15 Lakh Up to 5 Years As applicable by the bank Apply Now
Kotak Bank 10.99%-24% per annum Up to Rs.15 Lakh Up to 5 Years Upto 2.50% of loan amount + GST Apply Now
YES Bank 10.99% per annum Up to Rs.40 Lakh Up to 5 Years Up to 2.50% of the loan amount +GST Apply Now
Tata Capital 10.99% per annum Up to Rs.25 Lakh Up to 6 Years Up to 2.50% of the loan amount+GST Apply Now
IDFC Bank As applicable by the bank Up to Rs.25 Lakh Up to 5 Years 3.50% of the loan amount Apply Now
IndusInd Bank 11.25% per annum Up to Rs.15 Lakh Up to 5 Years Up to 2.50% of the loan amount+GST Apply Now
DCB Bank 10.22% per annum (one year MCLR) Up to Rs.5 Lakh Up to 5 Years 2% of the loan amount+GST Apply Now
Bajaj Finserv 12.99% per annum Up to Rs.25 Lakh Up to 5 Years Up to 4.13% of the loan amount+GST Apply Now
Aditya Birla Finance 14%-26% per annum Up to Rs.50 Lakh Up to 5 Years Up to 2% of the loan amount+GST Apply Now
IIFL  16% per annum Up to Rs.25 Lakh Up to 5 Years Up to 2% of the loan amount+GST Apply Now
HDB Financials Up to 36% per annum Up to Rs.20 Lakh Up to 5 Years Up to 2 % of the loan amount Apply Now
Fullerton India 12.99%-36% per annum Up to Rs.25 Lakh Up to 5 Years Up to 3% of the loan amount Apply Now

Personal Loan Eligibility in Hosur

Eligibility Criteria Salaried Self-employed
Minimum Age 21 24
Maximum Age 58 65
Minimum Income Rs.35,000 monthly Rs.2 lakh(annual)
Credit/Cibil Score Above 750(out of 900) Above 750(out of 900)
Minimum Job/Business Stability 1-2 Years 2-3 Years
Minimum Work/Business Experience 1-2 Years 3 Years
Minimum Profit After Tax NA Rs.1-2 lakh(annual)

Personal Loan In Hosur At A Glance

Particulars Details
Interest Rates Starting at 10.99% per annum
Loan Amount From Rs 1,00,000-Rs.25,00,000
Tenure Up to 5 Years
Processing Fee 1.50%-2.50% of the loan amount+GST
Minimum Monthly Income Rs.35,000
Cibil Score Above 750 (out of 900)
Prepayment/Foreclosure Charges 2%-6% of the principal outstanding +GST

Personal Loan in Hosur?

A personal loan is a short-term loan which could be used for any legitimate purpose. You won’t be required to pledge any form of collateral or security.

This loan comes in handy to meet multiple needs such as:  

  • Medical Emergencies
  • Wedding Expenses 
  • Debt Consolidation
  • Home Renovation/Extension
  • Higher Education
  • Travelling Expenses
  • Purchasing High End Consumer Durables Value

How to Apply for Personal Loan in Hosur?

To get an instant loan in Hosur, you simply need to apply online from Apply Online and Get Instant e-Approval and disbursal in just 1 Day.

Steps to Apply for Personal Loan in madhurai

Step 1: Fill Loan Query Form

Step 2: Get the Quotes

Step 3: Submit the Required Documents

Step 4: Get Instant Approval & Disbursal

CIBIL Score Required for Personal Loan in Hosur

CIBIL Score Required for Personal loan In Hosur is 750+.

Minimum Salary Required to Avail Personal Loan in Hosur

To enjoy an instant personal loan in Hosur, an individual needs to earn a minimum monthly income of Rs.35,000

Personal Loan EMI Calculator

A big confusion is going on in your mind related to EMI? Don’t worry as a personal loan EMI calculator online takes all your worries away. This smart, easy-to-use and secure device lets you know the accurate calculations of your EMIs in the fastest manner. This tool will churn out the values for you, the moment you enter:

    • Loan Amount
    • Tenure
    • Interest Rate

Table Showing EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

Loan Amount (in Rs.) Interest Rate(per annum) Tenure (in Years) EMI (in Rs.) Total Interest Amount(in Rs.) Total Amount=Principal +Interest (in Rs.)
16,00,000 16.50% 1 1,45,548 1,46,579 17,46,579
16,00,000 16.50% 2 78,724 2,89,370 18,89,370
16,00,000 16.50% 3 56,647 4,39,292 20,39,292
16,00,000 16.50% 4 45,755 5,96,250 21,96,250
16,00,000 16.50% 5 39,335 7,60,114 23,60,114

Table Showing Principal, Interest and Balance Amount

Years Principal (in Rs.) Interest(in Rs.) Balance Amount(in Rs.)
1 Year 2,24,498 2,47,524 13,75,501
2 Years 2,64,474 2,07,548 11,11,027
3 Years 3,11,568 1,60,454 7,99,458
4 Years 3,67,049 1,04,973 4,32,409
5 Years 4,32,942 39,614 0

Personal Loan Fee & Charges

We Don’t Charge fee from customers but at the time Disbursal bank deduct the processing fee of  0.5% to 1 % Loan amount.

Feature & Benefit Of Personal Loan

The Best feature and benefit Of a Personal loan 

Instant Approval: Get Instant Loan e-approval in just 5 minutes

Fastest Disbursals:  Personal loan Disbursal in just 24 Hrs

No Collateral/Security: A personal loan in the capital city can easily be availed without any collateral or security. Yes, a borrower doesn’t need to give any sort of security to the lender and can easily avail the required funds. 

Minimal Documentation: A borrower can easily avail this unsecured loan with just minimal documentation. Yes, with basic KYC documents like Identity Proof, Address Proof and Income Proof, availing this unsecured credit is really simple and quick.   

Multi-Purpose Loan: A borrower can avail an urgent loan in Hosur for various reasons. Yes, it is a multi-purpose loan thus comes handy to meet numerous personal needs. 

Hassle-free Process: The process of availing a personal loan is really simple and quick. Within a few minutes, you can expect to have an instant approval followed by a quick disbursal.

Documents Required For Personal Loan

Mentioned are the personal loan documents for salaried and self-employed.

Complete Online Application

Fillup the Online loan Application in just 2 minutes

Provide Identity Proof

Voter id/ Passport/ Driving License / Aadhaar Card

Address Proof

Aadhaar /Passport/ Telephone or Electricity Bill/ Ration Card

Bank Statement

Latest 3 Months Bank Statement or Passbook

Income Proof

For Salaried – Latest 3-month Salary Slip

                    For Self Employed –  ITR and Current Bank Statement of 3 months

Frequently Questions

How long does a bank take to approve an application for a personal loan?

It depends from bank to bank as each lender has its own process. Usually a loan application is approved within 5-7 working days.

How is a personal loan repaid?

The personal loan can be repaid by paying the loan amount back to the bank in the form of Equated Monthly Instalments (EMIs). A borrower can opt for an auto-debit payment, wherein the EMI amount will automatically be debited from your bank account.

Can I get the balance transfer facility with my personal loan?

Availing a balance transfer facility depends on the bank. There are some banks that offer the balance transfer facility if the customer has made at least 12 EMI payments. It is advisable that you check with your bank before you apply for the loan.

Are there any additional charges that an applicant has to pay when he/she gets a personal loan from a bank?

Yes, there are a couple of different additional charges. Most banks charge an applicant an interest fee that ranges from 2% to 2.5% of the total amount that they wish to borrow. The fee is deducted from the amount that has to be disbursed to you.

Can I receive Tax Benefits on my personal loan?

Unless the personal loan is used for a home renovation project, tax benefits are not associated with personal loans. You can, however, avail tax benefits under Section 24 of the Income Tax Act on the interest that is paid on the loan but not on the principal amount that is paid.

What are the Factors That Can Influence Personal Loan Interest Rates?

These factors include your income, repayment potential, credit score, etc.

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