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What are the two best lenders in India to offer personal loan

When you begin looking for a lender to get a personal loan, a lot of financial institutions come into the mind. You do research, asses every aspect of making sure; you get the best deal. But let’s say you wanted only two options to explore. What would be those options? 

Well. Today we have brought the two best lenders to get an instant personal loan. The first one is the SBI personal loan, which is a bank. The second lender is Money view instant personal loan. We will share the details below. So, you can compare yourself, which is the best. Now, let’s get started; please keep reading. 

SBI persona loan 

There is no doubt, SBI is one of the best banks in India. Thus SBI has outstanding financial products. SBI Personal loan is one of them. We will begin by sharing the essential details first. 

  • SBI Personal loan offer loans up to Rs 15 Lakhs. 

  • The rate of interest is from 10.99% to 15.30%. 

  • The processing fee is 1% of the amount. 

  • The loan tenure goes to 84 Months. 

SBI Personal loan has three types of personal loans. They are SBI Pension Loan, SBI Xpress Power Loan, and SBI Xpress Credit personal loan. Now, let’s see the eligibility criteria. 

SBI personal loan Eligibility criteria 

  • The applicant age should be between 21 Years to 65 years. 

  • The applicant should be a salaried individual or self-employed professional. 

  • The applicant minimum salary should be at least Rs 24,000. 

  • The minimum work experience is required at least 2 years. 

Documents you will need to Submit

  • 2-3 Passport size photographs

  • Identity proof 

  • Address proof

  • Income proof ( Bank statement and salary slip ) 

These are the details for the SBI persona loan. Now, let’s see the Money view instant personal loan. 

Money view Instant personal loan 

Money view instant personal loan is rated as one of the best lenders in India to get a personal loan. Its quick eligibility check features, along with paperless processing, makes it among the top lenders.  First, let’s check out the basic details. 

  • Moneyview offers a personal loan from Rs 10,000 to Rs 5, 00,000. 

  • The rate of interest is onwards 1.33% Per month. 

  • The loan tenure is up to 5 Years. 

  • The loan processing charge starts from 2.5% of the loan amount. 

  • The foreclosure is allowed when you have paid minimum 3 EMIs. 

The eligibility criteria for Money view Personal loan 

  • The applicant should be a self-employed professional or salaried individual. 

  • The monthly salary of the borrower should be at least Rs 13,500. 

  • The Minimum CIBIL score should be at least 750 to apply. 

  • The borrower’s age should be at least between 21 years and 57 Years. 

Documents you will need 

  • Proof of Identity( Aadhar Card, PAN Card)

  • Address proof ( Rent agreement) 

  • Bank statement and salary slips in the PDF format. 

Now, you know the details, you can compare yourself. After comparing, you can apply at one of the lenders by going on their official website or downloading the app from Google play store to apply.

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Joined: January 19th, 2020
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