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Rated 4.5/5
By Customers
Online application,
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Get Cashback of Upto ₹5,000*

Rated As 4.5/5.0 (3,604 Reviews)

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. Less Less

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 person. More Less Less

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. Less Less

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. Less Less

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 bank service was really good. More Less Less

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 months for disbursement. More Less Less

Jyotibikash Pandab

Delhi

5 / 5.0 stars

HDFC Bank Personal Loan Availed in Mar 2020

Good.

Less Less

PRASHANT GUPTA

Delhi

5 / 5.0 stars

Indifi Business Loan Availed in Mar 2020

Good for taking loan for a new customer.
. Less Less

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 Less Less

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 Less Less

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. Less Less

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. Less Less

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Assisted Digital Loan Process

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Quality Response

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Service

Delivery in 1100+
Cities

Attractive
Cashback

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

27^th Mar, 2020 : RBI cuts repo rate by 75 bps to 4.40%
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.
27^th Mar, 2020 : RBI allowed three months moratorium on term loans
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.
27^th Mar, 2020 : Government took steps to keep banks running
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.
27^th Mar, 2020 : FM ensured the bank amalgamation is on track
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.
27^th Mar, 2020 : RBI to infuse Rs. 3.7 trillion to boost liquidity
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.