Different Banks offering different interest Rate

Banks	Rate of Intrest	Processing Fee	Loan Amount	Prepayment Charges	Disbursal Time	Part Payment Option
Kotak Bank	10.50% - 16.99%	0.99% - 2.5%	Rs.(100,000 - 20,00,0000	1 Zero (if loan Amount is more than 10 lakhs) 2 Else 5%	3 - 4 working days	YES
Citi - Bank	11.49% to 16.50%	Upto 2.0% + 0.5% (waiver on PF) Special surprise gift from Citi Bank	Rs.1,00,000 - Rs.30,00000	Upto 3%	48 hours	Yes
ICICI Bank	11% - 17.50%	1 Rs.999 for Special offers 2 otherwise 1% - 2.5%	Rs.(50,000 - .20,00,000)	1 Nil (For Loan amount >10 lacs & 12 2 EMI paid), else 5%	3 - 4 working days	No
Bajaj Finance	11.99% - 16%	Upto 2%	Upto Rs.25 Lacs	Upto 4% post 1st EMI clearance	Approval In 48 Hours	Yes
Standard Chartered	11.50% - 18%	0 - 1%	Rs.(1,00,000 - .30,00,000)	Upto 5%	3-4 Working days	Yes
Fullerton India	11.99% - 26%	2%	Rs.(50,000 - .15,00,000)	Upto 7.00%, 0% after 3 years	2-8 days	No
IndusInd Bank	(12.99 – 20)%	(0.5 -20%	Rs.(1,00,000 - 25,00,000)	4%	4 working days	No
HDB Financial Services	(16 - 21)%	up to 2%	Rs.(100,000 to .15,00,000)	1 Nil for Selected Corporates Employees (CAT A & B). 2 4% For Rest	2 days - 7 days	No
Tata Capital	(11.99 – 17)%	Rs.(999-2.50) %	Rs.(75,000 - 15 Lacs)	Part Prepayment Charges: Nil (Allowed Post 6 months, Once a year, 25% of Principal Outstanding)	Loan disbursement in 3-4 days	Yes
Hdfc Bank	10.99% - 20.99%	Rs.1999 - 2.5%	Min. 50,000 Max. as per eligibility	Nil (For Loan amount>10 lakhs and 12 EMI paid), else 4%	3 - 4 Days	No

Eluru is one of the states of Andhra Pradesh. It is well – frames state which offers multiple opportunities for the loan facility.

Loan Apply Eligibility Criteria :

While seeking a loan, the banks verify and take into notice a more significant number of factors that can include income, employment, continuity of business. Banks check the credibility and authenticity of the lender. It is essential to verify whether the borrower can repay the loan or not.

Self Employed	Salaried
Metro City: Minimum Salary required is RS15,oo0	Metro city: Minimum Itr is Rs150000
Other Cities: Minimum Salary - Rs. 12500/- p.m	Other Cities: Minimum ITR- Rs. 150000/-

Documentation:

It is Quick to do the process. To process the loan application, a bank would require a set of documents which are as follows:
Proof of Identity
Bank Statement of the last 3 to 6 months
Proof of Residence
Salary slip
Guarantor and some set of documents
In case of Self Employed: A collection of records will be required that will include a balance sheet, profit and loss account, partnership deed and other for of mandatory documents.

Tenure for a Personal Loan :

A personal Loan can be repaid within tenure 12 to 60 months.

Time taken for Approval of a Loan:

The total time taken for the approval will be 72 hours after the entire process of is over.

Benefits of Acquiring a Personal Loan :

No security: A personal loan is regarded as an unsecured form of a loan. This implies that the borrower needs to keep any collateral or any asset as security.
Quick and Easy Processing: There is less documentation required, and the overall process involves faster processing.
Multiple Purposes: As the name only suggests, a personal loan is something that can be acquired for any purpose.

Hence, you can apply for a Personal loan without any hurdle and fulfil all your dreams!