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About Personal Loan

Personal loans are one of many types of loans you can borrow from a bank. These loans are typically general purpose loans that you can use at your discretion for things like consolidating debt, pay for an unexpected expense, or pay for a small home improvement project.

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Best Deal in Personal Loan

To ensure that you get the best deal in personal loan in India, you must compare online all the available deals in the marketplace keeping in mind the below mentioned points:
  • Best deal in rate of interest
  • Best deal in processing fees
  • Best deal in loan amount
  • Best deal in tenure of the loan
  • Best deal in pre-payment charges
Along with the right combination of all the above mentioned points, you must look for the right offline services required and post disbursement services.

Lowest Rate Personal Loan

The rate of interest offered by banks is based on the overall profile of customers that may include:
  • The company you work for
  • Your net salary per month
  • Loan amount you are eligible to take
  • Your CIBIL score and repayment history
Based on the above-captioned points, several banks/ NBFCs may offer you different rates of interest on your personal loan. The lowest interest rate in personal loan in India is 11.49% and rate of interest range is from 11.49% to 24% at present. Considering the above-mentioned facts if you want to get the lowest rate personal loan you must compare and apply online for a personal loan.

Lowest Processing Fees for Personal Loan

Considering your overall profile, different banks may offer you different processing fees on your personal loan. Processing fees on personal loan may vary from 1% to 5% of the loan amount sanctioned. If you want a personal loan with the lowest processing fees, it’s always advisable to compare a personal loan offer online and apply online at iservefinancial.

Highest Loan Eligibility Personal Loan

Based on your overall profile, credit score and other obligations, banks including ICICI Bank, Axis Bank, HDFC Bank, Yes Bank, SBI and others will offer you specific loan amount eligibility according to their specifications. The highest loan amount offered by a bank in India is 30 Lacs. If you want to find out whether you are eligible for personal loans, you must compare and apply online.

Highest Term Personal Loan

The tenure of a loan that a bank/NBFC will offer you is based on your profile and age at the time of application of the loan. The tenure available for personal loan is minimum 1 year and maximum 5 years. However, different banks will have different policies on deciding on the tenure of the loan. If you want to choose the highest tenure a bank would offer you for the personal loan, then it’s advisable to compare and apply online for a personal loan.
To ensure that you get the best deal for personal loans in India, it’s advisable to compare personal loan online at and apply online for a quick sanction of personal loan. Iservefinancial offers online and offline services for personal loan.
Online we enable you to compare offers from 20 plus banks and NBFCS including:
  • HDFC Bank Personal Loan
  • ICICI Bank Personal Loan
  • SBI Bank Personal Loan
  • Axis Bank Personal Loan
  • Yes Bank Personal Loan
  • Bajaj Finserv Bank Personal Loan
  • Kotak Bank Personal Loans
  • Capital First Bank personal loan
  • Fullerton Bank Personal Loans
  • Indusind Bank personal loans
  • Ratnakar Bank personal loans
  • IDFC Bank personal loans
You will get personal loans from all leading banks of the country right here at iServe Financial. On our platform, you can compare the offers from all the leading banks of the country and apply for the best personal loan deal based on:
  • Lowest rate of interest on your personal loan
  • Lowest processing fees
  • Highest tenure
  • Low foreclosure penalty charges
Offline, iservefinancial provides free doorstep service to ensure a hassle-free experience for its customers. Everything comes to the customer without any services charges.

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Use of Personal Loan
  • 1. Personal loan for wedding
  • 2. Personal loan for purchase of consumer goods
  • 3. Personal loan for higher education
  • 4. Personal loan for renovation of house
  • 5. Personal loan for interior of house
  • 6. Personal loan for medical emergency
  • 7. Personal loan for holiday or a foreign vacation
  • 8. Personal loan for emergency need
  • 9. Personal loan for buying a property where home loan is not possible
  • 10. Personal loan for buying a car where car loan is not possible
  • 11. Personal loan for buying a foreign bike where two wheeler loan is not possible
  • 12. Personal loan for debt consolidation
  • 13. Personal loan for closing loans taken from friends and family
  • 14. Personal loan for other short term needs

Documents Required for Personal Loan Application

Personal loans given by Banks/ NBFCs are unsecured loans. What this means that this loan is made available without any collateral security. There are 2 type of documents required to process your personal loan application as mentioned below:
  • Application Forms – Filled with genuine details of the applicant
  • KYC Documents
    • Identity Proof - PAN Card/Passport/Voter I/ Driving license.
    • Residence proof- Aadhar card/Passport copy/ Electricity Bill/ Driving license/ Rental agreement (if you are residing in a rented premise)
  • Income/ Financial Documents
    • 3 month’s salary slips/ certificates
    • 2 years’ Form 16 (TDS certificate)/ Income Tax Return
    • 12 Months’ bank statement of your salary account
    • Details of ongoing obligations and or recently closed loans
  • Banks may require few additional documents based on your overall profile.
  • You may be required to submit only self-attested copy of the documents. The original documents may be required only for verification of the copies.