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 Quikkloan.com. 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.