Eligo is India's independent civic information platform for government schemes — not affiliated with any government body.
India's transparent, independent directory for personal credit products. Documenting 80 verified personal loans from Public Sector Banks, Major Private Banks, and RBI-regulated NBFCs. We highlight the critical fine-print: hidden processing charges, foreclosure lock-ins, insurance bundling, and exact step-by-step application flows.
Aditya Birla Capital personal loan up to ₹50 Lakhs with repayment tenure up to 84 months.
Axis Bank 24x7 personal loan for salaried professionals up to ₹40 Lakhs with instant digital approval.
Axis Bank personal loan for self-employed professionals and business owners up to ₹40 Lakhs.
Bank of India personal loan for self-employed professionals and traders up to ₹10 Lakhs.
Low-cost personal loan for Central/State Govt and Defence pensioners drawing pension through Bank of India.
Bank of India personal loan for confirmed salaried employees up to ₹20 Lakhs.
Bajaj Finance Flexi personal loan up to ₹40 Lakhs with interest charged only on utilized amount.
Exclusive collateral-free personal loan up to ₹50 Lakhs for doctors and medical specialists.
Standard personal term loan from Bajaj Finance up to ₹40 Lakhs with fixed EMIs.
Bandhan Bank personal loan for salaried professionals up to ₹15 Lakhs.
Low-cost personal loan for Central/State Govt and Defence pensioners drawing pension through Bank of Baroda.
Bank of Baroda personal loan for salaried professionals up to ₹20 Lakhs with tenure up to 84 months.
Bank of Baroda personal loan for self-employed professionals and business owners up to ₹15 Lakhs.
100% paperless instant loan via bob World app for pre-approved customers up to ₹10 Lakhs.
Subsidized loan for active military and paramilitary personnel under Baroda Military Salary Package up to ₹20 Lakhs.
CASHe instant personal loan for young salaried millennials up to ₹4 Lakhs with SLQ scoring.
Canara Bank personal loan for confirmed salaried employees up to ₹10 Lakhs with low processing fee.
Canara Bank personal loan for self-employed professionals and traders up to ₹8 Lakhs.
100% digital instant personal loan via Canara ai1 mobile app for pre-approved customers up to ₹5 Lakhs.
Affordable personal loan for Central/State Govt and Defence pensioners drawing pension through Canara Bank.
Low-cost personal loan for Central/State Govt and Defence pensioners drawing pension through Central Bank of India.
Central Bank of India personal loan for confirmed salaried employees up to ₹20 Lakhs.
Cholamandalam personal loan for salaried and self-employed individuals up to ₹10 Lakhs.
City Union Bank personal loan for salaried and self-employed individuals up to ₹10 Lakhs.
100% digital personal loan via digibank by DBS app up to ₹15 Lakhs.
Federal Bank personal loan for salaried professionals up to ₹25 Lakhs.
Exclusive large-ticket personal loan up to ₹50 Lakhs for high-income corporate executives.
HDFC Bank's flagship personal loan up to ₹40 Lakhs with 10-second disbursement for pre-approved borrowers.
HSBC India personal loan for corporate professionals up to ₹30 Lakhs with preferential rates.
Hero FinCorp instant digital personal loan via SimplyCash app up to ₹5 Lakhs.
Home Credit personal loan up to ₹5 Lakhs accessible for first-time and new-to-credit borrowers.
3-second instant disbursement personal loan via iMobile Pay for pre-approved customers up to ₹15 Lakhs.
ICICI Bank personal loan for salaried borrowers up to ₹50 Lakhs with instant digital approval.
IDBI Bank Suvidha personal loan for salaried professionals up to ₹10 Lakhs.
IDFC FIRST Bank personal loan up to ₹1 Crore with industry-leading ZERO foreclosure charges.
Indian Overseas Bank personal loan for confirmed salaried employees up to ₹15 Lakhs.
InCred digital personal loan for salaried professionals up to ₹15 Lakhs.
Low-cost personal loan for Central/State Govt and Defence pensioners drawing pension through Indian Bank.
Indian Bank personal loan for confirmed salaried employees up to ₹15 Lakhs.
100% paperless instant personal loan via Video KYC up to ₹5 Lakhs.
IndusInd Bank personal loan up to ₹50 Lakhs with video KYC and paperless digital sanction.
Karnataka Bank personal loan for salaried and self-employed individuals up to ₹10 Lakhs.
Karur Vysya Bank personal loan for salaried and self-employed individuals up to ₹10 Lakhs.
Instant digital salary advance via Kotak Mobile Banking app up to ₹1 Lakh.
Kotak Mahindra Bank personal loan for salaried professionals up to ₹40 Lakhs with digital approval.
KreditBee instant personal loan for salaried individuals up to ₹5 Lakhs in 10 minutes.
KreditBee instant personal loan for self-employed individuals and small traders up to ₹3 Lakhs.
L&T Finance personal loan for salaried professionals up to ₹15 Lakhs via PLANET app.
Mahindra Finance personal loan tailored for rural and semi-urban customers up to ₹5 Lakhs.
Moneyview instant paperless personal loan up to ₹10 Lakhs with alternate credit underwriting.
Muthoot Finance personal loan up to ₹10 Lakhs with pan-India network of 5,000+ branches.
100% digital instant personal loan via Navi app up to ₹20 Lakhs with ZERO foreclosure charges.
End-to-end digital instant personal loan via PNB One app for pre-approved customers up to ₹6 Lakhs.
Low-cost credit for Central/State Govt and Defence pensioners drawing pension through PNB.
Unsecured credit for self-employed professionals, traders, and small business owners with verified ITR.
Subsidized loan for active military, naval, air force, and paramilitary personnel under PNB Rakshak Scheme.
PNB's core personal loan for confirmed employees of Central/State Govt, PSUs, and reputed corporates.
PaySense instant personal loan for salaried professionals up to ₹5 Lakhs via PayU Finance.
Piramal Finance personal loan tailored for Tier 2/3 towns and Bharat borrowers up to ₹10 Lakhs.
Poonawalla Fincorp digital personal loan for salaried professionals up to ₹30 Lakhs starting from 9.99% p.a.
RBL Bank personal loan for salaried professionals up to ₹20 Lakhs.
Exclusive loan for Indian Armed Forces and Paramilitary pensioners with zero processing fees and zero prepayment charges.
Subsidized interest rate personal loan for serving Indian Armed Forces personnel under Defence Salary Package.
Tailored credit facility for Central, State, and Defence pensioners drawing pension through SBI up to age 76.
100% paperless, 4-click instant loan via YONO SBI for pre-selected account holders up to ₹8 Lakhs.
SBI personal loan for salaried borrowers whose salary account is maintained with other commercial banks.
SBI's flagship unsecured loan for salaried employees with SBI corporate salary account up to ₹20 Lakhs.
SMFG India Credit personal loan up to ₹30 Lakhs with extensive Tier 2/3 branch network.
SMFG India Credit personal loan for women professionals and entrepreneurs up to ₹25 Lakhs.
Shriram Finance personal loan for small business owners and salaried individuals up to ₹15 Lakhs.
South Indian Bank personal loan for salaried and self-employed individuals up to ₹15 Lakhs.
Standard Chartered Bank personal loan for corporate professionals up to ₹50 Lakhs.
Tata Capital personal loan for salaried professionals up to ₹35 Lakhs with tenure up to 84 months.
Tata Capital personal loan for self-employed professionals and business owners up to ₹30 Lakhs.
Low-cost personal loan for Central/State Govt and Defence pensioners drawing pension through UCO Bank.
Union Bank personal loan for senior citizens and retired individuals up to ₹10 Lakhs.
100% digital instant personal loan via Vyom app for pre-approved customers up to ₹5 Lakhs.
Low-cost personal loan for Central/State Govt and Defence pensioners drawing pension through Union Bank.
Union Bank personal loan for confirmed salaried employees up to ₹15 Lakhs with low processing fees.
Yes Bank personal loan for salaried professionals up to ₹40 Lakhs with instant digital in-principle sanction.
Aggregator platforms and banking advertisements routinely highlight headline rates like "10.49% p.a." while obscuring high processing fees, prepayment lock-ins, and mandatory insurance cross-selling. Here is what every borrower must evaluate before signing:
Most private banks (HDFC, ICICI, Axis, Kotak) enforce a mandatory 12-month lock-in period during which early repayment is completely blocked. Even afterwards, they charge 2% to 4% foreclosure penalties. Only select lenders like IDFC FIRST Bank and Navi offer genuine zero foreclosure charges from own funds.
Processing fees range from 1% up to 4% of the loan amount and attract an additional 18% GST. On a ₹10 Lakh loan, a 3% fee equals ₹35,400 deducted directly before disbursal. Always check whether the lender caps fees (like PSU banks capping at ₹5,000 to ₹10,000) or charges an uncapped percentage.
Under RBI and IRDAI regulations, credit life insurance (loan protection) is strictly voluntary. Bank relationship managers cannot make loan sanction contingent upon purchasing insurance. If added to your loan sanction letter, you have the statutory right to request its removal prior to disbursal.
| Feature | Public Sector Banks (PSUs) | Major Private Banks | Regulated NBFCs / FinTechs |
|---|---|---|---|
| Base Interest Rates | Lowest (10.95% - 14.50% linked to Repo RLLR/EBLR) | Competitive for prime profiles (10.49% - 21.00%) | Higher risk spread (11.00% - 36.00%) |
| Disbursement Speed | Instant on YONO/Vyom for pre-approved; 2-4 days branch | Instant (10 seconds to 24 hours via netbanking) | Ultra-fast (5 minutes to 2 hours via mobile app) |
| Foreclosure Policy | Often NIL charges from own funds after 6-12 months | Strict 12-month lock-in + 2% to 4% penalty (except IDFC) | 3% to 5% penalty (Navi offers zero foreclosure) |
| Primary Caveat | Mandatory salary account with the PSU bank in most schemes | Aggressive insurance cross-selling and high late fees | High interest rates and steep upfront processing charges |