Explore catalogue loan products, compare planning estimates and read lender-linked reviews. Rates, eligibility and conditions need checking with each lender.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.
5 Catalogue products · Sorted by catalogue starting rate
| Bank and product | Interest Rate | Benchmark spread | Maximum term | Processing fee | Actions |
|---|---|---|---|---|---|
Axis Bank | 10.49% - 15.00% p.a. on reducing | Fixed Rate | 5 years (60 months) | 1.5% (cap ₹5,000) + 18% GST | |
HDFC Bank | 10.50% - 16.00% p.a. on reducing | Fixed Rate | 5 years (60 months) | 1.5% (cap ₹6,500) + 18% GST | |
ICICI Bank | 10.75% - 16.50% p.a. on reducing | Fixed Rate | 6 years (72 months) | 1.75% (cap ₹7,500) + 18% GST | |
Tata CapitalOverdraft | 10.99% - 17.00% p.a. on reducing | Fixed Rate | 6 years (72 months) | 2% (cap ₹6,000) + 18% GST | |
Bajaj FinservOverdraft | 11.00% - 18.00% p.a. on reducing | Fixed Rate | 8 years (96 months) | 2.5% (cap ₹8,000) + 18% GST |
Personal loans are unsecured credit facilities priced against 1-year MCLR or fixed bank risk tiers. Unlike secured mortgages, your CIBIL score directly governs the interest margin: borrowers with 780+ scores unlock premier tier rates (10.25% - 11.50%), while scores below 720 may encounter rates exceeding 15% to 18%.
Under RBI regulations, floating-rate personal loans sanctioned to individual borrowers cannot carry prepayment or foreclosure penalties (0%). If your personal loan has a fixed interest structure, private banks often require a 6 to 12-month lock-in period, following which part-prepayments may incur a 2% to 4% charge.
Personal loans are generally non-deductible. However, if personal loan funds are demonstrably deployed into home repair or renovation, you may claim up to ₹30,000 deduction on interest under Section 24(b). If deployed into revenue-generating business assets, interest can be written off against gross business income.
Under RBI Master Directions, individual retail borrowers paying floating interest rates on home, auto, and personal credit lines are legally protected against any foreclosure or prepayment penalty.
Commercial banks must price retail credit off external benchmarks like the RBI Repo Rate (EBLR). Spread adjustments are strictly governed and cannot be arbitrary during the loan tenure.
CredSutra factors in Day-1 upfront cash outlays, including processing charges, 18% GST, and valuation fees alongside lifetime compounding interest for 100% objective cost discovery.
No verification date is recorded for this catalogue. These are planning examples, not confirmed current offers. Check lender sources and product limits before deciding.