Personal Loan
Every business needs capital to grow and at Paisabazaar, we ensure you get the best of what you need. Whether you are launching or expanding your business, we pledge to give you best business loan offers.
Unlock Best Personal Loan Offers suitable
for your needs from 30+ Lenders
- Hand-picked offers from 30+ lenders
- Money in mins via Pre-Approved loans
- Instant sanction and disbursal
- Contact-less processes
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Minutes to Money
Personal Loans in Minutes —Only at Minutes Bazaar
Personal Loan Features & Benefits
- No end-usage restriction
- Loan amount of up to Rs. 40 lakh, which can exceed depending on lenders' discretion
- Repayment tenure usually ranges between 1 year and 5 years, with some banks/NBFCs offering longer tenures
- Minimal documentation
- The interest rates usually start from 10.50% p.a. with some PSU banks offering lower interest rates
- Quick disbursals
- Applicants having excellent credit profiles may also qualify for pre-approved/prequalified personal loans with instant disbursal
Personal Loan Eligibility
- Age: 18 - 60 years
- Income: Minimum Rs 15,000/month for salaried applicants
- Credit Score: Preferably 750 and above as having higher credit scores increase the chances of your loan approval at lower interest rates
Address: Minutes Bazaar, 20A, LGF, Noble Enclave, Old Delhi Road Noble Enclave, Sadar Bazar, Gurugram, Haryana – 122001
Disclaimer:
Minutes Bazaar is a loan aggregator and is authorized to provide services on behalf of its partners
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
