Want Personal loan at lowest rate of interest?

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Last Comment 2019-09-22

ZitOO

2019-09-21

Hello guys, any idea where can I get a personal loan at lowest Rate of Interest?

Apps like India Bulls quoting interest hovering around 24-30% annum.

What is average market rate of interest for cash loans?

Banks are giving me loans with rate 18-24%

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https://www.desidime.com/discussions/want-personal-loan-at-lowest-rate-of-interest?page=1#post_6115930

malikcool

2019-09-21

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NBFC always have higher rate of interest as compared to public & private sector banks.

Better go with some public/private sector bank.

https://www.desidime.com/discussions/want-personal-loan-at-lowest-rate-of-interest?page=1#post_6115978

SARDARKHAN

2019-09-21

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also check whether its flat interest rate or reducing rate
I am getting loan @ 14% flat rate from credithome

https://www.desidime.com/discussions/want-personal-loan-at-lowest-rate-of-interest?page=1#post_6116208

ramadesidime

2019-09-21

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There is no FLAT interest rate now. RBI has banned the term FLAT interest few years ago.
Now any bank/nbfc or any other firm should charge reducing balance interest only.

Coming to the higher rate of interest, thats where the credit card will help you.
Try to contact your credit card bank and ask for either Insta loan or Insta Jumbo loan.
Insta loan= your credit limit will be blocked to that extent. Max loan amount is your credit limit.
Insta Jumbo Loan = Your credit limit will not be blocked and the loan amount will be more than your credit limit.

Go for HDFC or Axis , if you have their credit cards.
For HDFC, the processing fee is either Rs600 or 800.
For AXIS, it is 1.5% of loan amount.

Both Insta/Insta Jumbo are instant loans.

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https://www.desidime.com/discussions/want-personal-loan-at-lowest-rate-of-interest?page=1#post_6116063

Maver1ck

2019-09-21

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Don’t just check lowest rate. Check charges for part pre-payment and preclosure charges as well.

Also, lowest rate is with the banks. If you have a regular salary you can get it from 11.5% onwards.

https://www.desidime.com/discussions/want-personal-loan-at-lowest-rate-of-interest?page=1#post_6117348

ZitOO

2019-09-22

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My SBI Credit card is giving me a cash loan over and above credit limit @ 14% . but processing charge is way too high. if I take Rs. 156000(highest amount allowed for me) then I have to pay total 195400 in 3 years and 171500 in 1 year term. I feel it is too much of Interest.