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MyLoanCare Customer Ratings - 4.5/5.0

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Happy customers
4.5/5.0
Rated As   4.5/5.0 (3,604 Reviews)
R
Rishu Choudhary
Bangalore
4.5 / 5.0  stars
Bajaj Finserv Personal Loan Availed in Mar 2020

Good help from representative. The interest rate was high but they helped in loan processing.

S
SAIYED ABULHASAN
Ahmedabad
5 / 5.0  stars
HDFC Loan Against Property Availed in Mar 2020

Jitender gave on-time followup and response. Good problem solving and good support by MyLoanCare per More

V
Vishal Das
Jaipur
4 / 5.0  stars
Bajaj Finserv Personal Loan Availed in Mar 2020

Thank you for the loan. It was quickly disbursed to my account.

R
Ragavendran Rajendra
Coimbatore
5 / 5.0  stars
HDFC Bank Personal Loan Availed in Mar 2020

HDFC representative was helpful and loan was provided in short time.

A
Aman Jain
Jaipur
4.5 / 5.0  stars
HDFC Bank Personal Loan Availed in Mar 2020

Good service. I received all information from MyLoanCare executive, he helped me at all stages. Also More

S
Supriya S Nevge
Mumbai
4.5 / 5.0  stars
HDFC Home Loan Availed in Mar 2020

Overall experience is good. The one thing I did not feel good about was that my loan process took 2 More

J
Jyotibikash Pandab
Delhi
5 / 5.0  stars
HDFC Bank Personal Loan Availed in Mar 2020

Good.










































P
PRASHANT GUPTA
Delhi
5 / 5.0  stars
Indifi Business Loan Availed in Mar 2020

Good for taking loan for a new customer.
.

B
Bhararia Gangadhar
Mumbai
4 / 5.0  stars
HDFC Home Loan Availed in Mar 2020

Best service and easy to find the bank with cheapest interest

V
Vanita Padaya
Mumbai
5 / 5.0  stars
HDFC Home Loan Availed in Mar 2020

HDFC agent was not very much knowledgeable as he lacked knowledge of some procedure. However, thanks More

A
Amar Nath
Bangalore
5 / 5.0  stars
Axis Bank Personal Loan Availed in Mar 2020

It was a good experience. Really they have worked with dedication.

A
Amar Nath Prasad
Bangalore
5 / 5.0  stars
HDFC Bank Personal Loan Availed in Mar 2020

It was really very great. I was very happy with the service provided by them.


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Delivery in 1100+
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Current Interest Rates & APR

Current Interest Rates
Product Type Best Rate %*
Home Loan 7.90%
Loan Against Property 8.70%
Business Loan 13.50%
Personal Loan 10.50%
Professional Loan 13.00%
Gold Loan 10.50%
Two Wheeler Loan 10.00%
Doctor Loan 11.25%
Fixed Deposit 8.05%
*T&C Apply
Illustration of the total cost of a personal loan
  • Total amount borrowed: ₹ 1,00,000
  • Time period: 12 months to 60 months
  • Interest Rate: 10.99% to 22%
  • Processing Fee payable to: Upto ₹ 2,000
  • Fee payable to MyLoanCare: NIL
  • Total Monthly Cost – From ₹ 2,174 for 60 months ₹ 1,00,000 loan at 10.99% (lowest rate, longest time period) to ₹ 9,359 for 12 months ₹ 1,00,000 loan at 22% (highest rate, shortest time period). This is inclusive of principal repayment.
  • Annual Percentage Rate (APR) of charge including all applicable fees: 11.39% to 22.4%
  • Total cost payable over loan tenure: ₹ 14,313 for 12 months loan to ₹ 32,424 for 60 months loan

Our News - Mar 2020
  • 27th Mar, 2020 : RBI cuts repo rate by 75 bps to 4.40% news
    Reserve Bank of India reduced the repo rate by 75 bps to 4.40% and lowered the reverse repo rate by 90 bps to 4%. RBI is aiming to mitigate the economic disruption caused by Covid-19 and subsequent nationwide lockdown. Revised rates will impact the retail loans like home and personal loan along with the business loan.
  • 27th Mar, 2020 : RBI allowed three months moratorium on term loans news
    Reserve bank of India permitted banks and other financial institutions a moratorium of three months on payment of term loans. Further, the credit report of the customers will not be impacted. It was done to provide respite to the banks and customers amid the pandemic and subsequent nationwide lockdown.
  • 27th Mar, 2020 : Government took steps to keep banks running news
    Amid the prevailing Covid19 and economic disruption the government, RBI and NPCI took steps to ensure the banking services are unhindered and retail loans like home and personal loans along with business loan is readily available to the customers. Banks were directed to ensure cash availability in ATMs and are advised to open banks cluster-wise and rotate staff.
  • 27th Mar, 2020 : FM ensured the bank amalgamation is on track news
    Finance Minister stated that the merger of ten PSBs in four anchor banks is on track and will not be impacted due to the onslaught of Covid 19. It will take effect from 1 April 2020. The merger will create large PSBs with scale and nationwide reach; it would help develop banks with a level comparable to global banks. It will further help in the speedy and efficient offer of retail loans like home, personal, and car loans along with business loans.
  • 27th Mar, 2020 : RBI to infuse Rs. 3.7 trillion to boost liquidity news
    RBI announced that it would inject Rs. 3.7 trillion to boot liquidity in the financial system to stave off the economic disruption caused by the Covid 19. Further, the central bank also reduced the cash reserve ratio requirement for all the banks by 100 bps to 3%. It will impact retail loans like home, personal, and car loans along with business loans.