Our Products

Urban Money comprehends a wide range of financial needs and provides a great deal of financial products to meet them right away. We open the finest paths to 50+ lenders offering home loans, business loans, personal loans, and a loan against property, being your true mortgage specialist. Obtain quick approvals by meeting the bare minimum of eligibility requirements. Seamless disbursements, and flexible loan repayment periods from leading credit providers can help you meet your financial responsibilities.

Personal Loan
Home Loan
Loan Against Property
Business Loan

Personal Loan

If your plans have been on hold, it’s time you enjoy them with Urban Money’s instant personal loan services. We help you avail fast-approved loans from top-notch banking and non-banking institutions in India with instant access to funds at the lowest personal loan interest rate (starting from 8% per annum). Savour the benefits of pocket-friendly EMIs with flexible repayment tenures ranging from 12-60 months. Compare and choose the best personal loan offers via our inbuilt personal loan EMI calculator.

Private Bank
Nationalized Bank
NBFC

Top Private Banks For Personal Loan - November 2024

RBL Bank Personal Loan

Interest Rate

14% - 23%

Loan Amount

₹1L - ₹20L

EMI Per Lakh

₹2,327 - ₹2,819

Processing Fees

Up to 2% of loan amount

Pre-Payment Charges

Between 13 to 18 months: 5% of outstanding principal.
After 18 months: 3% of outstanding principal.
After 12 regular EMIs: NIL

... more

DCB Bank Personal Loan

Interest Rate

13% - 25%

Loan Amount

₹1L - ₹5L

EMI Per Lakh

₹2,275 - ₹2,935

Processing Fees

Up to 3% of loan sanctioned

Pre-Payment Charges

karnataka bank Personal Loan

Interest Rate

12% - 17%

Loan Amount

₹1L - ₹25L

EMI Per Lakh

₹2,224 - ₹2,485

Processing Fees

Up to 2% of loan amount (Min. Rs 2,500 & Max. Rs 8,500)

Pre-Payment Charges

Reliance Capital Personal Loan

Interest Rate

11.99% - 16.25%

Loan Amount

EMI Per Lakh

₹2,224 - ₹2,445

Processing Fees

Up to 2%

Pre-Payment Charges

Before 6 months of disbursement date: 5% of the principal outstanding plus GST

Federal Bank Personal Loan

Interest Rate

11.49% - 14.49%

Loan Amount

₹50K - ₹50L

EMI Per Lakh

₹2,199 - ₹2,352

Processing Fees

Up to 3% of loan amount

Pre-Payment Charges

Pre-payment/pre-closure charges - Floating Rate Scheme - NIL
Fixed Rate Scheme (including Byom Loans)- 3%

... more

IDBI Bank Personal Loan

Interest Rate

11% - 15.5%

Loan Amount

₹25K - ₹5L

EMI Per Lakh

₹2,174 - ₹2,405

Processing Fees

1% of loan amount subject to maximum of Rs 2,500

Pre-Payment Charges

karur Vysya Bank Personal Loan

Interest Rate

11% - 14%

Loan Amount

₹50K - ₹10L

EMI Per Lakh

₹2,174 - ₹2,327

Processing Fees

1.50% of the requested loan amount

Pre-Payment Charges

IDFC FIRST Bank Personal Loan

Interest Rate

10.99%

Loan Amount

₹20K - ₹1Cr

EMI Per Lakh

₹2,174

Processing Fees

Up to 3.5% of the loan amount

Pre-Payment Charges

Foreclosure charges 5% of the loan amount

YES Bank Personal Loan

Interest Rate

10.99% - 20%

Loan Amount

₹1L - ₹40L

EMI Per Lakh

₹2,174 - ₹2,649

Processing Fees

Up to 2%

Pre-Payment Charges

Prepayment Charges

Allowed if borrower has paid at least 12 EMIs.

20% of principal outstanding (13-24 months of EMI repayment)

... more

Kotak Bank Personal Loan

Interest Rate

10.99%

Loan Amount

₹50K - ₹40L

EMI Per Lakh

₹2,174

Processing Fees

Up to 5% of loan amount

Pre-Payment Charges

0-12 months: Lock-in period 1- 3 years: 4% + GST 3 years onwards: 2% + GST

Quick Approval

ICICI Bank Personal Loan

Interest Rate

10.85% - 16.25%

Loan Amount

₹2.5L - ₹50L

EMI Per Lakh

₹2,167 - ₹2,445

Processing Fees

Upto 2.50% of loan amount plus applicable taxes

Pre-Payment Charges

For salaried customers

3% plus applicable taxes on principal outstanding after payment of 1st EMI and Nil if 12 or more EMIs are paid. For MSE classified customers, charges are Nil after payment of the 1st EMI for Loan amount upto 50 lakhs.

... more

CITI Bank Personal Loan

Interest Rate

10.75% - 16.49%

Loan Amount

₹50K - ₹30L

EMI Per Lakh

₹2,162 - ₹2,458

Processing Fees

Up to 3% of the borrowed loan amount

Pre-Payment Charges

Up to 4% of the outstanding principal plus interest for the ongoing month

Deutsche Bank Personal Loan

Interest Rate

10.75% - 11.75%

Loan Amount

₹50K - ₹15L

EMI Per Lakh

₹2,162 - ₹2,212

Processing Fees

Up to 2% of the loan amount

Pre-Payment Charges

5% of the outstanding principal amount (fixed rate loan)

HDFC Bank Personal Loan

Interest Rate

10.5% - 24%

Loan Amount

₹50K - ₹40L

EMI Per Lakh

₹2,149 - ₹2,877

Processing Fees

Up to ₹ 6,500/-

Pre-Payment Charges

4% of the outstanding principal (loan tenure between 13 - 24 months)
3% of the outstanding principal (loan tenure between 25 - 36 months)
2% of the outstanding principal (loan tenure if over 36 months)

... more

Quick Approval

HDFC Sales Personal Loan

Interest Rate

10.5% - 25%

Loan Amount

₹50K - ₹40L

EMI Per Lakh

₹2,149 - ₹2,935

Processing Fees

Pre-Payment Charges

Axis Bank Personal Loan

Interest Rate

10.25% - 22%

Loan Amount

₹50K - ₹40L

EMI Per Lakh

₹2,137 - ₹2,762

Processing Fees

up to 2% of the loan amount + GST as applicable

Pre-Payment Charges

5% + GST (as applicable)
Part-payment charges shall be charged on the amount of part payment. For loans disbursed 4th October, 2023 onwards:
*Pre-payment Charges shall be charged on principal outstanding

... more

IndusInd Bank Personal Loan

Interest Rate

10.25% - 26%

Loan Amount

₹3L - ₹75L

EMI Per Lakh

₹2,137 - ₹2,994

Processing Fees

Up to 3% of the sanctioned loan amount

Pre-Payment Charges

4% of outstanding principal (after repayment of 12 EMIs)

HSBC Personal Loan

Interest Rate

9.99% - 16%

Loan Amount

Up to ₹30L

EMI Per Lakh

₹2,124 - ₹2,432

Processing Fees

Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable

Pre-Payment Charges

5% within 1 year of tenure,
4% within 2 years,
3% within 3 years,
2 % after 3 years.

... more

Top Private Banks For Personal Loan - November 2024

Union Bank of India Personal Loan

Interest Rate

11.35% - 15.45%

Loan Amount

Up to ₹50L

EMI Per Lakh

₹2,192 - ₹2,403

Processing Fees

Up to 1% (Maximum Rs 7,500)

Pre-Payment Charges

There is no prepayment penalty if the loan is adjusted by the borrower from his/her own verifiable legitimate sources.

... more

Punjab & Sind Bank Personal Loan

Interest Rate

11.25% - 14%

Loan Amount

Up to ₹10L

EMI Per Lakh

₹2,187 - ₹2,327

Processing Fees

Up to 1.00% of loan amount

Pre-Payment Charges

NIL

State Bank of India Personal Loan

Interest Rate

11%

Loan Amount

EMI Per Lakh

₹2,174

Processing Fees

NIL

Pre-Payment Charges

NIL

Indian bank Personal Loan

Interest Rate

11% - 15%

Loan Amount

EMI Per Lakh

₹2,174 - ₹2,379

Processing Fees

Up to 2% of the loan amount

Pre-Payment Charges

Prepayment Charges

5% Pre Closure Charge
After 6 months of account opening – 5%
Within 6 months of account opening – 6%

... more

Canara Bank Personal Loan

Interest Rate

10.95% - 16.4%

Loan Amount

₹1L - ₹10L

EMI Per Lakh

₹2,172 - ₹2,453

Processing Fees

Up to 0.50% of loan amount (Rs 1,000 to Rs 5,000)- 50% off on processing fee

Pre-Payment Charges

NIL

Punjab National Bank Personal Loan

Interest Rate

10.4% - 16.95%

Loan Amount

Up to ₹20L

EMI Per Lakh

₹2,144 - ₹2,483

Processing Fees

Up to 1% of the loan amount

Pre-Payment Charges

NIL

Bank of Baroda Personal Loan

Interest Rate

10.35% - 18.25%

Loan Amount

₹1L - ₹20L

EMI Per Lakh

₹2,142 - ₹2,553

Processing Fees

NIL

Pre-Payment Charges

NIL

Bank of India Personal Loan

Interest Rate

10.25% - 14.85%

Loan Amount

Up to ₹10L

EMI Per Lakh

₹2,137 - ₹2,371

Processing Fees

Up to 1% (Maximum Rs 7,500)

Pre-Payment Charges

Prepayment penalty

There is no prepayment penalty if the loan is adjusted by the borrower from his/her own verifiable legitimate sources.

... more

Bank of Maharashtra Personal Loan

Interest Rate

10%

Loan Amount

Up to ₹20L

EMI Per Lakh

₹2,125

Processing Fees

1% of loan amount

Pre-Payment Charges

Documentation Charges - 0.20% of the loan amount + GST.

Top Private Banks For Personal Loan - November 2024

CASHe Personal Loan

Interest Rate

27%

Loan Amount

₹1K - ₹4L

EMI Per Lakh

₹3,054

Processing Fees

We offer a 2.50% interest rate per month (Equivalent to reducing the balance interest rate to 3.71% per EMI) on the loan amount.

... more

Pre-Payment Charges

Quick Approval

Prefr Personal Loan

Interest Rate

15% - 36%

Loan Amount

₹50K - ₹5L

EMI Per Lakh

₹2,379 - ₹3,613

Processing Fees

3-5% with Minimum Proc. Fee of INR 1500 + GST

Pre-Payment Charges

5% of Principal outstanding

Quick Approval

Tata Capital Financial Services LTD Personal Loan

Interest Rate

10.99% - 19%

Loan Amount

₹75K - ₹35L

EMI Per Lakh

₹2,174 - ₹2,594

Processing Fees

Up to 3.00%

Pre-Payment Charges

Part-prepayments can be made only after 6 months. They are allowed only once a year with a minimum gap of 6 months between two part-prepayments. Amount prepaid cannot exceed 25% of the principal outstanding and a charge of 2.5% (plus applicable taxes) will be applied amounts above 25% of the principal outstanding.
Foreclosure is allowed only after 6 months. A foreclosure charge of 3.5% + GST is applicable on the principal outstanding after 6 months. In case of foreclosure within 6 months after a part-prepayment, a foreclosure charge of 3.5% (plus applicable taxes) will be levied on the principal outstanding plus part-prepayment amount.
For loans above ₹ 7 lakhs, a 12-month clean payment track is a must for loan foreclosure and a charge of 3.5% + GST applies unless loan is closed with own funds.
For overdraft cases, loan foreclosure is allowed only after 6 months and a charge of 4.5% + GST is applicable on the dropped-down limit amount.

... more

Quick Approval

Ujjivan Small Finance Bank Personal Loan

Interest Rate

24.25% - 25.5%

Loan Amount

₹1L - ₹30L

EMI Per Lakh

₹2,891 - ₹2,965

Processing Fees

Up to 2% of loan Amount

Pre-Payment Charges

Before completion of 12 EMIs: 2% of outstanding principal
After completion of 12 EMIs: 1% of outstanding principal

... more

Edelweiss Financial Services Personal Loan

Interest Rate

18% - 25%

Loan Amount

₹2L - ₹20L

EMI Per Lakh

₹2,539 - ₹2,935

Processing Fees

Pre-Payment Charges

PaySense Personal Loan

Interest Rate

16% - 36%

Loan Amount

₹5K - ₹5L

EMI Per Lakh

₹2,432 - ₹3,613

Processing Fees

Pre-Payment Charges

Late payment charges - Rs 500 + G.S.T
Foreclosure charges - 4% charge on principal outstanding at the time of foreclosure.

... more

Quick Approval

MoneyWide Personal Loan

Interest Rate

16% - 32%

Loan Amount

₹20K - ₹3L

EMI Per Lakh

₹2,432 - ₹3,359

Processing Fees

Up to 4% of loan amount

Pre-Payment Charges

Part payment charges

Up to 4% of the prepaid amount after 1st EMI

Foreclosure charges

Up to 4% of the outstanding amount after 1st EMI

... more

Quick Approval

Clix Capital Personal Loan

Interest Rate

14.99% - 24.99%

Loan Amount

₹1L - ₹10L

EMI Per Lakh

₹2,378 - ₹2,935

Processing Fees

Up to 10% of loan sanctioned

Pre-Payment Charges

5% of Principal foreclosed (post 6-month lock-in)

Muthoot Finance Ltd Personal Loan

Interest Rate

14% - 22%

Loan Amount

₹50K - ₹10L

EMI Per Lakh

₹2,327 - ₹2,762

Processing Fees

Up to 2% of the loan amount

Pre-Payment Charges

NIL

InCred Financial Services Personal Loan

Interest Rate

13.99% - 42%

Loan Amount

₹50K - ₹7.5L

EMI Per Lakh

₹2,326 - ₹4,009

Processing Fees

2.00% - 5.00%

Pre-Payment Charges

Applicable as per the loan agreement

Quick Approval

IndiaBulls Personal Loan

Interest Rate

13.99%

Loan Amount

₹1K - ₹15L

EMI Per Lakh

₹2,326

Processing Fees

3% onwards

Pre-Payment Charges

>6 months: 5%

DHFL Personal Loan

Interest Rate

12.99%

Loan Amount

Up to ₹30L

EMI Per Lakh

₹2,275

Processing Fees

Pre-Payment Charges

IIFL Finance Personal Loan

Interest Rate

12.75% - 44%

Loan Amount

₹5K - ₹5L

EMI Per Lakh

₹2,263 - ₹4,144

Processing Fees

From 2% - 9% + GST*

Pre-Payment Charges

Nill

FT Cash Personal Loan

Interest Rate

12.15%

Loan Amount

₹1L - ₹5L

EMI Per Lakh

₹2,232

Processing Fees

Pre-Payment Charges

Shriram Urban Co Operative Bank Limited Personal Loan

Interest Rate

12% - 42%

Loan Amount

Up to ₹3L

EMI Per Lakh

₹2,224 - ₹4,009

Processing Fees

Upto 5% of the sanctioned loan amount

Pre-Payment Charges

Fullerton India Personal Loan

Interest Rate

11.99% - 25%

Loan Amount

₹50K - ₹25L

EMI Per Lakh

₹2,224 - ₹2,935

Processing Fees

Processing Fee:6.00%

Pre-Payment Charges

Pre-closure fee - 3% - 7% of principal outstanding (plus applicable tax)

L&T Finance Personal Loan

Interest Rate

11.5% - 20%

Loan Amount

₹50K - ₹7L

EMI Per Lakh

₹2,199 - ₹2,649

Processing Fees

Consumer Loan: Up to 2% of principal outstanding plus applicable taxes
Micro Loan: 1% of loan amount plus applicable taxes

... more

Pre-Payment Charges

Part Prepayment Charges

Consumer Loan: Up to 5% of prepaid amount plus applicable taxes (Part prepayment of up to 25% allowed twice per year)

Foreclosure Charges

Consumer Loan: 5% of outstanding principal amount plus applicable taxes
Micro Loan: Nil

... more

Quick Approval

Bajaj Finserv Personal Loan

Interest Rate

11% - 38%

Loan Amount

₹20K - ₹40L

EMI Per Lakh

₹2,174 - ₹3,743

Processing Fees

Up to 3.93% of loan amount

Pre-Payment Charges

Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment.
Part-prepayment
Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment.
Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.
Foreclosure will be processed post clearance of first EMI

... more

Quick Approval

Loantap Credit Products Private Limited Personal Loan

Interest Rate

11% - 24%

Loan Amount

₹50K - ₹10L

EMI Per Lakh

₹2,174 - ₹2,877

Processing Fees

Processing: Online TAT: 1 Day to 4 Days

Pre-Payment Charges

NIL After 6 Month

AU Small Finance Bank Personal Loan

Interest Rate

11% - 30%

Loan Amount

Up to ₹10L

EMI Per Lakh

₹2,174 - ₹3,235

Processing Fees

Up to 5% of the loan amount

Pre-Payment Charges

Foreclosure charges

5% of the outstanding loan (if paid before 12 months)
3% of the outstanding loan (if paid after 12 months )

Part foreclosure

Not allowed

... more

Tata Capital Housing Finance Limited Personal Loan

Interest Rate

10.99%

Loan Amount

Up to ₹35L

EMI Per Lakh

₹2,174

Processing Fees

Up to 2.75%of the loan amount

Pre-Payment Charges

2% for payment of more than 25% of the outstanding principal balance.

Capital First Ltd. Personal Loan

Interest Rate

10.49%

Loan Amount

₹1L - ₹40L

EMI Per Lakh

₹2,149

Processing Fees

Up to 2.49% of the loan amount

Pre-Payment Charges

Charges on pre-closure-Pre-closure permitted after 6 months. 5% of principal outstanding (plus applicable tax)

Aditya Birla Finance Limited Personal Loan

Interest Rate

10% - 30%

Loan Amount

₹1L - ₹30L

EMI Per Lakh

₹2,125 - ₹3,235

Processing Fees

Up to 3% of the loan amount

Pre-Payment Charges

Pre-closure Charges - Rs 1,000 + GST
If part pre-payment is equal to 20% of the total amount disbursed- NIL
If part pre-payment is greater than 20% of the total amount disbursed- 3% + GST
No prepayment allowed in the first 12 months from the date of disbursement
Part prepayment amount should be greater than or equal to total 3 EMIs

For Flexi Personal Loan:

No charges for payment through mobile apps/portal
Part prepayment of loan facility towards limit reduction is not available

Foreclosure Charges

For Term Loan: 4% of the principal outstanding + GST
For Flexi Personal Loan: 4% of the withdrawn amount + GST
Foreclosure is allowed only 12 months after the loan disbursal Also know the processing fee for personal loan

... more

Poonawalla Fincorp Limited Personal Loan

Interest Rate

9.99%

Loan Amount

₹1L - ₹30L

EMI Per Lakh

₹2,124

Processing Fees

one-time nominal processing fee up to 3% plus applicable taxes.

Pre-Payment Charges

Pre-paying a Business Loan is a smart way to save on payment of additional interest, thereby keeping the overall costs low. With Poonawalla Fincorp’s Business Loan, you can prepay at your convenience and are not required to pay any fee for the same. This is because we levy zero prepayment charges on our Business Loan if paid from own sources. This helps you maximize your savings and focus on your business.

... more

Privo Personal Loan

Interest Rate

9.99% - 39.99%

Loan Amount

₹2L

EMI Per Lakh

₹2,124 - ₹3,875

Processing Fees

Up to 5%

Pre-Payment Charges

No pre-closure charges or hidden costs are involved.

Quick Approval

Hero FinCorp Personal Loan

Interest Rate

Up to 25%

Loan Amount

₹50K - ₹5L

EMI Per Lakh

₹2,935

Processing Fees

2.5% of the loan amount + applicable taxes

Pre-Payment Charges

Dream vacation, emergency expenses or alternate loan repayments, Urban Money takes care of your financial health via instant personal loans. With a maximum limit of ₹50 lakhs, we ensure you get the lowest personal interest rate, starting at 8% p.a.

Investments

Home Loan

Urban Money comprehends your financial needs and offers home loans up to 95% of property valuation. Being your true mortgage loan specialist, we open the best routes to affordable home loan interest rates, speedy approvals, and minimal home loan eligibility criteria. Make the next move to your castle with our home loans with quick approval, fast-moving disbursements, flexible loan repayment periods, and low housing loan interest rates starting at 7%.

Private Bank
Nationalized Bank
NBFC

Prepayment Charges

Allowed if borrower has paid at least 12 EMIs.

20% of principal outstanding (13-24 months of EMI repayment)

... more

RBL Bank Home Loan

Interest Rate

9.1% - 11.55%

Loan Amount

₹1L - ₹10Cr

EMI Per Lakh

₹2,081 - ₹2,202

Processing Fees

Up to 2% of loan amount

Pre-Payment Charges

Between 13 to 18 months: 5% of outstanding principal.
After 18 months: 3% of outstanding principal.
After 12 regular EMIs: NIL

... more

ICICI Bank Home Loan

Interest Rate

8.85% - 9.1%

Loan Amount

₹3L - ₹75L

EMI Per Lakh

₹2,069 - ₹2,081

Processing Fees

The processing fee is 0.50% of the loan amount, plus applicable taxes

Pre-Payment Charges

NIL for ICICI Home Loans and ICICI Home Improvement Loans with a floating rate of interest.
2% on the outstanding principal on full repayment for ICICI Bank Home Loan with a fixed rate of interest.
2% on the outstanding principal on full repayment for Top Up Loan if the applicant or co-applicant is Non-Individual.
4% on the outstanding amount of loan where the loan is given to Non Individual borrowers or with a fixed rate of interest to Individual borrowers.

... more

Federal Bank Home Loan

Interest Rate

8.8% - 10.25%

Loan Amount

₹15L

EMI Per Lakh

₹2,066 - ₹2,137

Processing Fees

Up to 3% of loan amount

Pre-Payment Charges

Floating Rate Scheme- NIL
Fixed Rate Scheme (including Byom Loans)- 3%

IDFC FIRST Bank Home Loan

Interest Rate

8.75% - 10.5%

Loan Amount

₹1L - ₹10Cr

EMI Per Lakh

₹2,064 - ₹2,149

Processing Fees

Up to 3.5% of the loan amount

Pre-Payment Charges

Foreclosure charges 5% of the loan amount

Deutsche Bank Home Loan

Interest Rate

8.75% - 9.15%

Loan Amount

₹5L - ₹25Cr

EMI Per Lakh

₹2,064 - ₹2,083

Processing Fees

Pre-Payment Charges

HDFC Bank Home Loan

Interest Rate

8.7% - 9.7%

Loan Amount

₹1L - ₹10Cr

EMI Per Lakh

₹2,061 - ₹2,110

Processing Fees

₹4,999 One time fee

Pre-Payment Charges

4% of the outstanding principal (loan tenure between 13 - 24 months)
3% of the outstanding principal (loan tenure between 25 - 36 months)
2% of the outstanding principal (loan tenure if over 36 months)

... more

Axis Bank Home Loan

Interest Rate

8.7% - 13.3%

Loan Amount

₹1L - ₹5Cr

EMI Per Lakh

₹2,061 - ₹2,291

Processing Fees

0.50%(Min ₹10,000)one time fee

Pre-Payment Charges

0 - 2%

Kotak Bank Home Loan

Interest Rate

8.7% - 9.6%

Loan Amount

₹10L - ₹10Cr

EMI Per Lakh

₹2,061 - ₹2,105

Processing Fees

Up to 3% of loan amount

Pre-Payment Charges

0-12 months: Lock-in period 1- 3 years: 4% + GST 3 years onwards: 2% + GST

Quick Approval

Housing Development Finance Corporation Home Loan

Interest Rate

8.5% - 9.4%

Loan Amount

₹1L - ₹1Cr

EMI Per Lakh

₹2,052 - ₹2,095

Processing Fees

Up to Rs 4,999

Pre-Payment Charges

Pre-closure Charges Allowed if borrower has paid at least 12 EMIs.

For salaried:

4% of principal outstanding (13-24 months)
3% of principal outstanding (25-36 months)
2% of principal outstanding (After 36 months)Part-payment Fees Allowed if borrower has paid at least 12 EMIs.

... more

IndusInd Bank Home Loan

Interest Rate

8.5% - 10.57%

Loan Amount

Up to ₹75L

EMI Per Lakh

₹2,052 - ₹2,153

Processing Fees

Pre-Payment Charges

karnataka bank Home Loan

Interest Rate

8.5% - 10.62%

Loan Amount

₹20L - ₹5Cr

EMI Per Lakh

₹2,052 - ₹2,155

Processing Fees

Pre-Payment Charges

LIC Housing Finance Home Loan

Interest Rate

8.5%

Loan Amount

₹1L - ₹15Cr

EMI Per Lakh

₹2,052

Processing Fees

Flat Rs 3,000

Pre-Payment Charges

In case of fixed-rate home loan/applicants other than individuals - 2% on the principal repaid.
In the case of a floating home loan: prepayment charges are not applicable.

... more

IDBI Bank Home Loan

Interest Rate

8.45% - 13.45%

Loan Amount

₹10K - ₹50Cr

EMI Per Lakh

₹2,049 - ₹2,298

Processing Fees

For Dropline OD: 1% of the limit subject to a maximum of Rs 10 lakh.

Pre-Payment Charges

3% to 4% of the balance loan amount.

HSBC Home Loan

Interest Rate

8.45%

Loan Amount

₹3L - ₹30Cr

EMI Per Lakh

₹2,049

Processing Fees

Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable

Pre-Payment Charges

5% within 1 year of tenure,
4% within 2 years,
3% within 3 years,
2 % after 3 years.

... more

CITI Bank Home Loan

Interest Rate

Loan Amount

₹2.1L - ₹10Cr

EMI Per Lakh

₹2,028

Processing Fees

Up to 3% of the borrowed loan amount

Pre-Payment Charges

Up to 4% of the outstanding principal plus interest for the ongoing month

HDFC Sales Home Loan

Loan Amount

Up to ₹75L

EMI Per Lakh

₹2,047 - ₹2,120

Processing Fees

Pre-Payment Charges

IB Pension Loan Scheme - Up to Rs 25,000- NIL
Above Rs 25,000- Rs 250
IB Clean Loan to Salaried - 1.00% on the loan amount

... more

Bank of India Home Loan

Interest Rate

8.4% - 10.85%

Loan Amount

Up to ₹5Cr

EMI Per Lakh

₹2,047 - ₹2,167

Processing Fees

Up to 1% of loan amount + GST

Pre-Payment Charges

On the floating rate of interest by the individual borrower: No charges.
On the floating rate of interest by non-individual borrower being applicant or co-applicant: 2% of principal prepaid.
On the fixed rate of interest by the individual borrower: 3% of principal prepaid; if prepayment is my own source then no fee is applicable.
On the fixed rate of interest by non-individual borrower being applicant or co-applicant: 3% of principal prepaid.

... more

Union Bank of India Home Loan

Interest Rate

8.35% - 10.9%

Loan Amount

Up to ₹50L

EMI Per Lakh

₹2,044 - ₹2,169

Processing Fees

Up to 3% (plus applicable taxes) of the facility amount for sanctioned cases only

Pre-Payment Charges

Up to 5.5% depending upon scheme and tenure completed

Bank of Maharashtra Home Loan

Interest Rate

8.35% - 11.15%

Loan Amount

EMI Per Lakh

₹2,044 - ₹2,182

Processing Fees

1% of loan amount

Pre-Payment Charges

Documentation Charges - 0.20% of the loan amount + GST

Aadhar housing Finance Home Loan

Interest Rate

11.75% - 17%

Loan Amount

₹1L - ₹1Cr

EMI Per Lakh

₹2,212 - ₹2,485

Processing Fees

Up to Rs 3,500

Pre-Payment Charges

For home loan + LAP(at fixed rates): 2% of outstanding loan + applicable GST.
For home loan + LAP (at variable rates): NIL
For project loan: 2% of outstanding loan + applicable GST.

... more

DHFL Home Loan

Interest Rate

11%

Loan Amount

₹1L - ₹7Cr

EMI Per Lakh

₹2,174

Processing Fees

Pre-Payment Charges

Muthoot Finance Ltd Home Loan

Interest Rate

11% - 19%

Loan Amount

₹3L - ₹40L

EMI Per Lakh

₹2,174 - ₹2,594

Processing Fees

Up to 2% of the loan amount

Pre-Payment Charges

Nill

Edelweiss Financial Services Home Loan

Interest Rate

10.5% - 10.9%

Loan Amount

₹5L - ₹5Cr

EMI Per Lakh

₹2,149 - ₹2,169

Processing Fees

Pre-Payment Charges

Piramal Housing Finance Home Loan

Interest Rate

9.5%

Loan Amount

₹5L - ₹2Cr

EMI Per Lakh

₹2,100

Processing Fees

Pre-Payment Charges

Fullerton India Home Loan

Interest Rate

9.5% - 10.5%

Loan Amount

Up to ₹5Cr

EMI Per Lakh

₹2,100 - ₹2,149

Processing Fees

6.00%

Pre-Payment Charges

Pre-closure fee = 3% - 7% of principal outstanding (plus applicable tax)

Aditya Birla Finance Limited Home Loan

Interest Rate

9.1% - 14.75%

Loan Amount

₹20L - ₹10Cr

EMI Per Lakh

₹2,081 - ₹2,366

Processing Fees

Up to 3% of the loan amount

Pre-Payment Charges

Pre-closure Charges -

Rs 1,000 + GST, If part pre-payment is equal to 20% of the total amount disbursed- NIL
If part pre-payment is greater than 20% of the total amount disbursed- 3% + GST
No prepayment allowed in the first 12 months from the date of disbursement

... more

Capri Global Home Loan

Interest Rate

9% - 16.75%

Loan Amount

₹5L - ₹50L

EMI Per Lakh

₹2,076 - ₹2,472

Processing Fees

Pre-Payment Charges

Capital First Ltd. Home Loan

Interest Rate

9% - 11.5%

Loan Amount

₹5L - ₹25Cr

EMI Per Lakh

₹2,076 - ₹2,199

Processing Fees

Rs. 2000 (For loan amount up to Rs. 10 lakh

Pre-Payment Charges

Nil

Poonawalla Fincorp Limited Home Loan

Interest Rate

9% - 22%

Loan Amount

₹1L - ₹1Cr

EMI Per Lakh

₹2,076 - ₹2,762

Processing Fees

one-time nominal processing fee up to 3% plus applicable taxes.

Pre-Payment Charges

Pre-paying a Business Loan is a smart way to save on payment of additional interest, thereby keeping the overall costs low.
With Poonawalla Fincorp’s Business Loan, you can prepay at your convenience and are not required to pay any fee for the same.
This is because we levy zero prepayment charges on our Business Loan if paid from own sources.
This helps you maximize your savings and focus on your business.

... more

Cholamandalam Finance Home Loan

Interest Rate

9% - 20%

Loan Amount

₹5L - ₹50L

EMI Per Lakh

₹2,076 - ₹2,649

Processing Fees

Rs 5,000 (including GST)

Pre-Payment Charges

Nil

IndiaBulls Home Loan

Interest Rate

8.99% - 9.75%

Loan Amount

₹10L - ₹5Cr

EMI Per Lakh

₹2,075 - ₹2,112

Processing Fees

3% onwards

Pre-Payment Charges

>6 months: 5%

Ujjivan Small Finance Bank Home Loan

Interest Rate

8.75% - 16.75%

Loan Amount

₹2L - ₹75L

EMI Per Lakh

₹2,064 - ₹2,472

Processing Fees

₹ 3,350 + GST applicable (Non – refundable)

Pre-Payment Charges

Before completion of 12 EMIs: 2% of outstanding principal.
After completion of 12 EMIs: 1% of outstanding principal.

... more

Tata Capital Housing Finance Limited Home Loan

Interest Rate

8.7% - 12%

Loan Amount

₹5L - ₹5Cr

EMI Per Lakh

₹2,061 - ₹2,224

Processing Fees

Up to 2.75%of the loan amount

Pre-Payment Charges

2% for payment of more than 25% of the outstanding principal balance.

L&T Finance Home Loan

Interest Rate

8.6%

Loan Amount

₹2L - ₹20Cr

EMI Per Lakh

₹2,056

Processing Fees

At Urban Money, we understand your urgent need for finances. Tailoring the best loan against property options from premium banking and non-banking institutions, we ensure fast LAP approval with minimal documentation. Offering a robust response to your immediate needs of consolidating debts or paying extensive medical bills, we even help you avail a loan against property without income proof and ensure competitive LAP interest rates between 8%-25% p.a. Guiding you to the right financial path, we at Urban Money furnish flexible repayment options via a comprehensive and comparative EMI analysis.

Private Bank
Nationalized Bank
NBFC

Upto 25% of the principal outstanding repaid in the quarter – NIL Charges
More than 25% of principal outstanding repaid in a quarter.
3% charges on excess amount repaid.
For non-individuals: 3% part prepayment charge on outstanding principal.
For individuals with end use as business: 3% on outstanding principal.
For individuals with end use other than business: NIL.
For non-individuals: 3% foreclosure charge on outstanding principal is applicable.
For individuals with end use as business: 3% foreclosure charge on outstanding principal.
For individuals with end use other than business: NIL

... more

YES Bank LAP

Interest Rate

10.5%

Loan Amount

₹3L - ₹5Cr

EMI Per Lakh

₹2,149

Processing Fees

Up to 2% of the sanctioned loan amount (subject to minimum of Rs 10,000)

Pre-Payment Charges

Nil (if both primary & co-applicants for the loan are individuals)

IndusInd Bank LAP

Interest Rate

10.49% - 26%

Loan Amount

₹30K - ₹50L

EMI Per Lakh

₹2,149 - ₹2,994

Processing Fees

Up to 3% of the sanctioned loan amount

Pre-Payment Charges

4% of outstanding principal (after repayment of 12 EMIs)

Deutsche Bank LAP

Interest Rate

10.25%

Loan Amount

₹10L - ₹1.5Cr

EMI Per Lakh

₹2,137

Processing Fees

Up to 2% of the disbursed loan amount

Pre-Payment Charges

NIL , for individual borrowers for purposes other than business.

HDFC Bank LAP

Interest Rate

9.5% - 13.3%

Loan Amount

₹49L - ₹5Cr

EMI Per Lakh

₹2,100 - ₹2,291

Processing Fees

Up to 1% of loan amount (minimum Rs 75,000)

Pre-Payment Charges

NIL, if the prepaid amount does not exceed 25% of the principal amount
2.5%, if the prepaid amount exceeds 25% of the principal amount.

... more

RBL Bank LAP

Interest Rate

9.5%

Loan Amount

₹3L - ₹10Cr

EMI Per Lakh

₹2,100

Processing Fees

1.25% of loan amount + GST

Pre-Payment Charges

5% on principal amount, if paid within 12 months.

Housing Development Finance Corporation LAP

Interest Rate

9.5% - 12.25%

Loan Amount

₹8L - ₹1.5Cr

EMI Per Lakh

₹2,100 - ₹2,237

Processing Fees

Up to 1% of loan amount (minimum Rs 75,000)

Pre-Payment Charges

NIL, if the prepaid amount does not exceed 25% of the principal amount 2.5%

IDBI Bank LAP

Interest Rate

9.5% - 13%

Loan Amount

Up to ₹10Cr

EMI Per Lakh

₹2,100 - ₹2,275

Processing Fees

Upto 1% of loan amount

Pre-Payment Charges

HSBC LAP

Interest Rate

9.45% - 14%

Loan Amount

₹3L - ₹30Cr

EMI Per Lakh

₹2,098 - ₹2,327

Processing Fees

1% of the loan amount sanctioned or INR10,000

Pre-Payment Charges

Up to 25% of the loan amount sanctioned in every financial year.

Kotak Bank LAP

Interest Rate

9.15%

Loan Amount

₹10L

EMI Per Lakh

₹2,083

Processing Fees

Up to 1%

Pre-Payment Charges

NIL for Term Loans given to Individual Borrowers for non-business end use.

Quick Approval

CITI Bank LAP

Interest Rate

9.13%

Loan Amount

₹5L - ₹5Cr

EMI Per Lakh

₹2,082

Processing Fees

Up to 0.75% of the loan sanctioned

Pre-Payment Charges

For individual borrowers: NIL

IDFC FIRST Bank LAP

Interest Rate

9% - 20%

Loan Amount

₹10L - ₹7Cr

EMI Per Lakh

₹2,076 - ₹2,649

Processing Fees

Up to 3% of loan amount

Pre-Payment Charges

NIL

DCB Bank LAP

Interest Rate

8.5% - 20.6%

Loan Amount

₹2L - ₹10Cr

EMI Per Lakh

₹2,052 - ₹2,683

Processing Fees

Pre-Payment Charges

HDFC Sales LAP

Interest Rate

8.25% - 11.2%

Loan Amount

EMI Per Lakh

₹2,040 - ₹2,184

Processing Fees

Up to 1% of loan amount (minimum Rs 75,000)

Pre-Payment Charges

NIL, if the prepaid amount does not exceed 25% of the principal amount

Emirates NBD LAP

Interest Rate

Up to 17%

Loan Amount

₹10L - ₹5Cr

EMI Per Lakh

₹2,485

Processing Fees

Pre-Payment Charges

Reliance Capital LAP

Interest Rate

Up to 18.25%

Loan Amount

₹3L - ₹25L

EMI Per Lakh

₹2,553

Processing Fees

Up to 2%

Pre-Payment Charges

Prepayment charge is not applicable to Individual applicant with individual co-applicant.

Pre-Payment Charges

For loan upto Rs 50 lakh – Rs 2500/-

Canara Bank LAP

Interest Rate

10.3% - 12.8%

Loan Amount

Up to ₹10Cr

EMI Per Lakh

₹2,139 - ₹2,265

Processing Fees

Up to 1% of the loan amount with a minimum Rs 5,000

Pre-Payment Charges

1% of the loan amount

State Bank of India LAP

Interest Rate

14.99% - 24.99%

Loan Amount

Up to ₹2Cr

EMI Per Lakh

₹2,378 - ₹2,935

Processing Fees

upto 10% of loan amount.

Pre-Payment Charges

Muthoot Finance Ltd LAP

Interest Rate

14.5% - 16.5%

Loan Amount

₹2L - ₹35L

EMI Per Lakh

₹2,353 - ₹2,458

Processing Fees

2.50% plus GST

Pre-Payment Charges

Foreclosure/Part prepayment within 1 year of disbursement: 5% of loan amount plus prepaid taxes

Ujjivan Small Finance Bank LAP

Interest Rate

13.75% - 15.75%

Loan Amount

₹3L - ₹10L

EMI Per Lakh

₹2,314 - ₹2,419

Processing Fees

2% of the loan applied for + GST

Pre-Payment Charges

Home First Finance Company LAP

Interest Rate

12.8% - 18.5%

Loan Amount

₹1L - ₹25L

EMI Per Lakh

₹2,265 - ₹2,567

Processing Fees

Rs 2,500 + GST*

Pre-Payment Charges

Aadhar housing Finance LAP

Interest Rate

11.75% - 17%

Loan Amount

₹25L - ₹1Cr

EMI Per Lakh

₹2,212 - ₹2,485

Processing Fees

2% of the Loan Amount plus applicable GST

Pre-Payment Charges

Piramal Housing Finance LAP

Interest Rate

11.5%

Loan Amount

Up to ₹5Cr

EMI Per Lakh

₹2,199

Processing Fees

Up to 1% of the loan amount

Pre-Payment Charges

2% of the principal amount of Loan being prepaid + applicable taxes.

DHFL LAP

Interest Rate

11.5%

Loan Amount

Up to ₹10Cr

EMI Per Lakh

₹2,199

Processing Fees

NIL

Pre-Payment Charges

Up to 3% is levied on outstanding loan amount and it can be done only after six months of taking the loan.

InCred Financial Services LAP

Interest Rate

11% - 24%

Loan Amount

₹75K - ₹15L

EMI Per Lakh

₹2,174 - ₹2,877

Processing Fees

upto 5% of loan amount.

Pre-Payment Charges

Upto 4%+GST.

IIFL Finance LAP

Interest Rate

10.65%

Loan Amount

₹1L - ₹2Cr

EMI Per Lakh

₹2,157

Processing Fees

Up to 2% of the loan amount

Pre-Payment Charges

5% of prepaid amount plus taxes (within 12 months of 1st disbursement).

Cholamandalam Finance LAP

Interest Rate

10% - 24%

Loan Amount

₹10L - ₹5Cr

EMI Per Lakh

₹2,125 - ₹2,877

Processing Fees

Rs 10,000 plus GST (per property)

Pre-Payment Charges

Up to 4% plus GST.

Arka Fincap Limited LAP

Interest Rate

10% - 15%

Loan Amount

EMI Per Lakh

₹2,125 - ₹2,379

Processing Fees

1% of the loan amount sanctioned.

Pre-Payment Charges

Edelweiss Financial Services LAP

Interest Rate

9.98% - 18.2%

Loan Amount

₹1L - ₹2Cr

EMI Per Lakh

₹2,124 - ₹2,550

Processing Fees

Up to 2% of Loan Amount plus applicable taxes

Pre-Payment Charges

Nil with variable interest rates after 12 months.

Tata Capital Housing Finance Limited LAP

Interest Rate

9.85%

Loan Amount

₹10L - ₹3Cr

EMI Per Lakh

₹2,117

Processing Fees

Up to 1.25% of the finance amount

Pre-Payment Charges

Lock-in period -12 months

Bajaj Finserv LAP

Interest Rate

9.85% - 18%

Loan Amount

Up to ₹5Cr

EMI Per Lakh

₹2,117 - ₹2,539

Processing Fees

Up to 3.54%

Pre-Payment Charges

4.72%

IndiaBulls LAP

Interest Rate

9.75%

Loan Amount

₹30L - ₹5Cr

EMI Per Lakh

₹2,112

Processing Fees

1% onwards

Pre-Payment Charges

For prepayments up to 25% of principal outstanding.

Godrej Housing Finance LAP

Interest Rate

9.75%

Loan Amount

₹5L - ₹2Cr

EMI Per Lakh

₹2,112

Processing Fees

Up to 3% of loan amount

Pre-Payment Charges

NIL

Digikredit-SME Corner LAP

Interest Rate

9.7%

Loan Amount

₹10L - ₹10Cr

EMI Per Lakh

₹2,110

Processing Fees

0.75% of loan amount subject to minimum of Rs 5000 + GST.

Pre-Payment Charges

up to 12 months, it can be renewed under certain guidelines.

L&T Finance LAP

Interest Rate

9.6%

Loan Amount

Up to ₹20Cr

EMI Per Lakh

₹2,105

Processing Fees

Up to 2% of loan amount

Pre-Payment Charges

NIL

Punjab National Bank Housing Finance LAP

Interest Rate

9.25% - 16.72%

Loan Amount

₹2L - ₹5Cr

EMI Per Lakh

₹2,088 - ₹2,470

Processing Fees

0.75% of loan amount (Max. Rs 1 lakh)

Pre-Payment Charges

NIL – In case property is in the name of Individual & loan.

Poonawalla Fincorp Limited LAP

Interest Rate

Loan Amount

₹2L - ₹5Cr

EMI Per Lakh

₹2,076

Processing Fees

A processing fee of 1% on your sanctioned loan amount plus GST is applicable.

Pre-Payment Charges

Zero charges are applied when you choose to foreclosure or prepay your loan availed for any purpose other than business end usage.

... more

Capital First Ltd. LAP

Interest Rate

8.75% - 20%

Loan Amount

₹15L - ₹1Cr

EMI Per Lakh

₹2,064 - ₹2,649

Processing Fees

Up to 1.25% of the finance amount

Pre-Payment Charges

Lock-in period: 12 months After 12 months, part prepayments of up to 25% of the principal outstanding

Aditya Birla Finance Limited LAP

Interest Rate

8.75%

Loan Amount

Up to ₹75Cr

EMI Per Lakh

₹2,064

Processing Fees

2% of the loan applied for + GST

Pre-Payment Charges

Lock in period is 24 months (No foreclosure allowed)

Hero FinCorp LAP

Interest Rate

8% - 18%

Loan Amount

₹10L

EMI Per Lakh

₹2,028 - ₹2,539

Processing Fees

upto 1% plus GST

Pre-Payment Charges

Capri Global LAP

Interest Rate

7.99% - 16.75%

Loan Amount

₹10L - ₹50L

EMI Per Lakh

₹2,027 - ₹2,472

Processing Fees

2% of the loan applied for + GST

Pre-Payment Charges

Shriram Urban Co Operative Bank Limited LAP

Interest Rate

Up to 11%

Loan Amount

₹1L - ₹10Cr

EMI Per Lakh

₹2,174

Processing Fees

1.25% of Loan amount.

Pre-Payment Charges

Hero Housing Finance LAP

Interest Rate

Up to 9.5%

Loan Amount

₹1L - ₹50L

EMI Per Lakh

₹2,100

Processing Fees

2% of the loan applied for + GST

Pre-Payment Charges

Loan Against Property (LAP) doesn't have to be complicated. Discover your residential or commercial property’s hidden potential to fulfil your financial needs with Urban Money. Get quick approvals, attractive LAP interest rates with minimal paperwork.

Calculators

Business Loan

We provide what your business needs. At Urban Money, we understand, address and absolve your need for capital via extensive business loan services. Tailoring business loans for startups, MSMEs and larger organisations, we help our clients choose the best lenders from an exhaustive list of public and private banks and NBFCs via cutting-edge comparative analysis of business loan interest rates. Get faster loan processing and easy disbursal with minimal documentation to escalate your business to new heights only at Urban Money.

Private Bank
Nationalized Bank
NBFC

Top Private Banks For Business Loan - November 2024

Deutsche Bank Business Loan

Interest Rate

24%

Loan Amount

₹10L - ₹50L

EMI Per Lakh

₹2,877

Processing Fees

3% of the disbursed loan amount

Pre-Payment Charges

5% of the principal outstanding (For fixed & floating rates, both)

Kotak Bank Business Loan

Interest Rate

16% - 28%

Loan Amount

₹3L - ₹75L

EMI Per Lakh

₹2,432 - ₹3,114

Processing Fees

Up to 2%

Pre-Payment Charges

Up to 4% of outstanding amount.

Quick Approval

YES Bank Business Loan

Interest Rate

15.99% - 24.25%

Loan Amount

Up to ₹50L

EMI Per Lakh

₹2,431 - ₹2,891

Processing Fees

Up to 2.5% of loan amount

Pre-Payment Charges

Part prepayment is not allowed

IDFC FIRST Bank Business Loan

Interest Rate

14%

Loan Amount

₹1L - ₹9L

EMI Per Lakh

₹2,327

Processing Fees

Up to 3.5%

Pre-Payment Charges

5% of outstanding principal

RBL Bank Business Loan

Interest Rate

14% - 26%

Loan Amount

₹1L - ₹35L

EMI Per Lakh

₹2,327 - ₹2,994

Processing Fees

2.5% of Loan amount for Business Loans (loan amount greater than Rs 25 lakh)
3% of Loan amount for small business Loans (Rs 5 lakh to Rs 25 lakh)
(No processing fee applicable for small business loans below Rs 5 lakh)

... more

Pre-Payment Charges

Zero foreclosure permitted before repayment of 6 EMIs.
On payment of 7 to 18 EMIs – 5% of principal outstanding.
On payment of more than 18 EMIs – 3% of principal outstanding.
Note: The foreclosure charges are not applicable for facility sanctioned to MSMEs with floating interest rate loans and for fixed interest rate loans with loan amounts of up to Rs 50 lakh.

... more

HSBC Business Loan

Interest Rate

13%

Loan Amount

Up to ₹75L

EMI Per Lakh

₹2,275

Processing Fees

Processing fee (% of sanction limit) 1%

Pre-Payment Charges

Prepayment / foreclosure charges for MSME 2%.

ICICI Bank Business Loan

Interest Rate

12.5% - 16%

Loan Amount

₹1L - ₹40L

EMI Per Lakh

₹2,250 - ₹2,432

Processing Fees

Up to 2% (plus applicable taxes) of the facility amount

Pre-Payment Charges

Charged as per the terms and conditions mentioned in the sanction letter.
No foreclosure charges for Micro and Small enterprises.

... more

CITI Bank Business Loan

Interest Rate

12% - 18%

Loan Amount

₹1L - ₹30L

EMI Per Lakh

₹2,224 - ₹2,539

Processing Fees

Up to 2% of the sanctioned loan amount

Pre-Payment Charges

Up to 2% of the outstanding amount

HDFC Sales Business Loan

Interest Rate

11.9% - 21.35%

Loan Amount

Up to ₹40L

EMI Per Lakh

₹2,219 - ₹2,725

Processing Fees

For availing fresh business loan: Up to 2% plus GST

Pre-Payment Charges

06 – 24 months: 4% of total principal outstanding,

Federal Bank Business Loan

Interest Rate

11.1% - 16%

Loan Amount

₹1L - ₹2Cr

EMI Per Lakh

₹2,179 - ₹2,432

Processing Fees

Up to 3% of the loan amount

Pre-Payment Charges

Up to 12 months : 2% ,More than 12 months: Nil

Axis Bank Business Loan

Interest Rate

10.75% - 25%

Loan Amount

₹50K - ₹10Cr

EMI Per Lakh

₹2,162 - ₹2,935

Processing Fees

Upto 2.00% + Taxes applicable

Pre-Payment Charges

Nill/2% of sanction limit

HDFC Bank Business Loan

Interest Rate

10% - 22.5%

Loan Amount

₹50K - ₹50L

EMI Per Lakh

₹2,125 - ₹2,790

Processing Fees

Up to 2.00%* of the loan amount.
NIL Processing Fees for loan facility up to ₹5 Lakhs availed by micro and small Enterprises subject to URC submission prior to disbursal.

... more

Pre-Payment Charges

06 – 24 months: 4% of total principal outstanding.
25 – 36 months: 3% of total principal outstanding.
More than 36 months: 2% of total principal outstanding.
Note:The bank does not permit part/full prepayment of loans until repayment of at least 6 EMIs.
The bank allows part-payment of up to 25% of the principal outstanding, after payment of 12 EMIs, once in the financial year and twice during the entire loan tenure.
The bank does not levy any foreclosure/prepayment charges for fixed rate business loan facility of up to Rs. 50 Lakh availed by Micro & Small Enterprises (MSE) and closure from own sources

... more

UGRO Capital Business Loan

Interest Rate

9% - 36%

Loan Amount

Up to ₹75L

EMI Per Lakh

₹2,076 - ₹3,613

Processing Fees

Up to 4% of loan amount sanctioned

Pre-Payment Charges

For unsecured loans:

6% of outstanding principal amount for loan foreclosure within 12 months of loan sanction

5% of outstanding principal amount for loan foreclosure after 12 months of loan sanction

For secured loans (immovable property):

6% of outstanding principal amount for early payment/loan foreclosure within 12 months of loan sanction.

4% of outstanding principal amount for early payment (more than 25% of principal outstanding at beginning of financial year) / loan foreclosure after 12 months of loan sanction.

... more

DCB Bank Business Loan

Interest Rate

8.25% - 18%

Loan Amount

₹1L - ₹40L

EMI Per Lakh

₹2,040 - ₹2,539

Processing Fees

Up to 2% of the loan amount

Pre-Payment Charges

No pre-payment permitted until repayment of 12 EMIs

IDBI Bank Business Loan

Interest Rate

8.05% - 13.45%

Loan Amount

₹50K - ₹5Cr

EMI Per Lakh

₹2,030 - ₹2,298

Processing Fees

Pre-Payment Charges

Interest Rate

19%

Loan Amount

₹5L - ₹75L

EMI Per Lakh

₹2,594

Processing Fees

Up to 2.75% of the loan amount plus GST

Pre-Payment Charges

Processing fees

Up to 2.75% of the loan amount plus GST

Foreclosure charges

4.5% on future principal outstanding on existing loan plus GST
No foreclosure allowed for the first 9 months

... more

Aditya Birla Finance Limited Business Loan

Interest Rate

18% - 24%

Loan Amount

₹50K - ₹1Cr

EMI Per Lakh

₹2,539 - ₹2,877

Processing Fees

Up to 2% of the loan amount

Pre-Payment Charges

2% of the amount prepaid.

Edelweiss Financial Services Business Loan

Interest Rate

18%

Loan Amount

₹3.5L - ₹25Cr

EMI Per Lakh

₹2,539

Processing Fees

Micro Million: Upto 3.5% of the loan amount + taxes

Pre-Payment Charges

4% of the principal amount + taxes

Fullerton India Business Loan

Interest Rate

17% - 21%

Loan Amount

Up to ₹50L

EMI Per Lakh

₹2,485 - ₹2,705

Processing Fees

Up to 6.5% p.a. of the loan amount

Pre-Payment Charges

DHFL Business Loan

Interest Rate

17%

Loan Amount

₹5L - ₹30L

EMI Per Lakh

₹2,485

Processing Fees

2% plus the applicable GST

Pre-Payment Charges

After 36 months of agreement : 2% plus applicable GST

Ujjivan Small Finance Bank Business Loan

Interest Rate

17% - 19%

Loan Amount

₹5K - ₹1L

EMI Per Lakh

₹2,485 - ₹2,594

Processing Fees

Up to 2.50% of the loan amount + GST

Pre-Payment Charges

Capital First Ltd. Business Loan

Interest Rate

16% - 24%

Loan Amount

Up to ₹40Cr

EMI Per Lakh

₹2,432 - ₹2,877

Processing Fees

Up to 1.99%

Pre-Payment Charges

Allowed after 24 EMI's, 5% charges up to 6 months and at 4% after that.

L&T Finance Business Loan

Interest Rate

15.5% - 24%

Loan Amount

Up to ₹50L

EMI Per Lakh

₹2,405 - ₹2,877

Processing Fees

1% of the loan amount (fixed)

Pre-Payment Charges

NeoGrowth Business Loan

Interest Rate

15% - 24%

Loan Amount

₹1L - ₹75L

EMI Per Lakh

₹2,379 - ₹2,877

Processing Fees

Up to 5%

Pre-Payment Charges

Lending Kart-Nbfc Business Loan

Interest Rate

15%

Loan Amount

₹50K - ₹2Cr

EMI Per Lakh

₹2,379

Processing Fees

2%-3%

Pre-Payment Charges

NIL

Quick Approval

INDIFI Business Loan

Interest Rate

15% - 24%

Loan Amount

₹50K - ₹1Cr

EMI Per Lakh

₹2,379 - ₹2,877

Processing Fees

Indifi Term Loan: 2%
Indifi Business Loan Line of Credit: 2%
Indifi Merchant Cash Advance: 2%
Indifi Business Loan for Women: 2%
Indifi Flipkart Seller Loan: 3%
Indifi Amazon Seller Loan: 3%

... more

Pre-Payment Charges

Indifi Business Loan for Construction Business: 4%.

Poonawalla Fincorp Limited Business Loan

Interest Rate

15% - 28%

Loan Amount

₹1L - ₹30L

EMI Per Lakh

₹2,379 - ₹3,114

Processing Fees

For Medical Equipment Loans: minimal charges

Pre-Payment Charges

4% of outstanding loan amount plus taxes

Clix Capital Business Loan

Interest Rate

14.99% - 24.99%

Loan Amount

₹5L - ₹50L

EMI Per Lakh

₹2,378 - ₹2,935

Processing Fees

Up to 3% of the sanctioned loan amount

Pre-Payment Charges

Piramal Housing Finance Business Loan

Interest Rate

14.49%

Loan Amount

₹25L

EMI Per Lakh

₹2,352

Processing Fees

Up to 4% of the sanctioned loan amount

Pre-Payment Charges

5% of principal amount

INTELLEGROW Business Loan

Interest Rate

14% - 24%

Loan Amount

₹15L - ₹50L

EMI Per Lakh

₹2,327 - ₹2,877

Processing Fees

Up to 3%

Pre-Payment Charges

IndiaBulls Business Loan

Interest Rate

13.99%

Loan Amount

₹5L - ₹25L

EMI Per Lakh

₹2,326

Processing Fees

0.50% for salaried and 1% for SENP (plus applicable taxes and other bona fide levies, if any)

Pre-Payment Charges

Rs.500 (Nil if requested once in quarter)

Capri Global Business Loan

Interest Rate

13.5% - 19.5%

Loan Amount

₹5L - ₹50L

EMI Per Lakh

₹2,301 - ₹2,622

Processing Fees

Up to 2.5% of the sanctioned loan amount

Pre-Payment Charges

Shriram Urban Co Operative Bank Limited Business Loan

Interest Rate

10% - 42%

Loan Amount

₹1L - ₹1Cr

EMI Per Lakh

₹2,125 - ₹4,009

Processing Fees

Less than 2% of the loan amount

Pre-Payment Charges

Up to 3% - 6% (eligible 6 months after the disbursement of the loan amount)

Arka Fincap Limited Business Loan

Interest Rate

10% - 24%

Loan Amount

EMI Per Lakh

₹2,125 - ₹2,877

Processing Fees

Starting From 3%

Pre-Payment Charges

Bajaj Finserv Business Loan

Interest Rate

9% - 30%

Loan Amount

₹25K - ₹45L

EMI Per Lakh

₹2,076 - ₹3,235

Processing Fees

Unsecured Business Loan

Processing Fee-Up to 3.54% of the loan amount (Inclusive of applicable taxes)

Bounce Charges-Rs. 1500/- per bounce.

Penal Interest-Delay in payment of instalment(s) shall attract penal charges of Rs. 40 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount

Document processing charges-Up to Rs. 2360/- (Inclusive of applicable taxes)

Stamp duty-Payable as per state laws and deducted upfront from loan amount

Legal and technical-N/A

Annual Maintenance Charges

Flexi Term Loan- Up to 0.413 % (Inclusive of applicable taxes) of the Total Withdrawable Amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan- Up to 1.18 % (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial loan tenor. Up to 0.413% (Inclusive of applicable taxes) of Total Withdrawable Amount during Subsequent loan tenor.

Secured Business Loan

Processing Fee-Up to 3.54% of the loan amount (Inclusive of applicable taxes)

Bounce Charges-Rs. 1500/- per bounce.

Penal Interest-Delay in payment of instalment(s) shall attract penal charges of Rs. 36 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount

Document processing charges-Up to Rs. 2360/- (Inclusive of applicable taxes)

Stamp duty - Payable as per state laws

Legal and technical -Up to Rs. 6,000/- per property (Inclusive of applicable taxes) charged upfront.

Annual Maintenance Charges

Flexi Term Loan - Not Applicable

Flexi Hybrid Loan -Up to 0.295% (Inclusive of applicable taxes) of the Total Withdrawable Amount during Initial Loan tenor. Not Applicable during Subsequent loan tenor

... more

Pre-Payment Charges

Pre-Repayment Charges(Unsecured Business Loan)

Term loan/advance EMI/ step-up monthly instalment-Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

Flexi term loan - Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment

Flexi hybrid loan - Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Pre-Repayment Charges - "1-Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment 2-Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi"

More than one month from the date of disbursal of the loan - 2% + taxes applicable on the amount prepaid

Pre-Repayment Charges

Term loan/advance EMI/ step-up monthly instalment-Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

Flexi term loan - Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment

Flexi hybrid loan - Up to 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.

Pre-Repayment Charges(Secured Business Loan) -

Up to 4.72% (Inclusive of applicable taxes) of principal loan amount prepaid on the date of such part pre-payment

Not Applicable for Flexi Term Loan (Flexi Dropline) and Hybrid Flexi.

More than one month from the date of disbursal of the loan - 2.36% + taxes applicable on the amount prepaid

... more

Muthoot Finance Ltd Business Loan

Interest Rate

9% - 12%

Loan Amount

₹25L - ₹5Cr

EMI Per Lakh

₹2,076 - ₹2,224

Processing Fees

2% of the amount disbursed

Pre-Payment Charges

EDI (Equated Daily Installment)

Hero FinCorp Business Loan

Interest Rate

Up to 26%

Loan Amount

₹5L - ₹40L

EMI Per Lakh

₹2,994

Processing Fees

Up to 2%

Pre-Payment Charges

Allowed only after 12 months of the loan sanction Charges will be applicable as mentioned in the sanction letter.

... more

IIFL Finance Business Loan

Interest Rate

Up to 36%

Loan Amount

₹1L - ₹50L

EMI Per Lakh

₹3,613

Processing Fees

2% to 6% plus GST with an additional amount of up to Rs 500 charged as convenience fees

Pre-Payment Charges

For prepayment / foreclosure within 1 – 6 months of EMI repayment: 7% plus GST

FT Cash Business Loan

Interest Rate

Up to 18%

Loan Amount

₹1L - ₹50L

EMI Per Lakh

₹2,539

Processing Fees

Up to 2%

Pre-Payment Charges

Offering premium lending solutions, Urban Money assists diverse clients via comprehensive business loan services. Bridging the gap between lenders and loan providers, we ensure lightning-fast processing of business loans with minimal documentation and maximum efficacy.

Frequently Asked Questions (FAQs)

What factors do lenders consider when approving a loan?

There are several key factors that lenders consider when deciding whether to sanction a loan or not. One of the primary factors is the credit score of the potential borrower and their credit history. This is to assess the financial history of the customer. Other than that, the borrower’s income and employment stability are also considered.

What is the difference between secured and unsecured loans?

The primary difference between an unsecured loan and a secured loan is collateral. In the case of a secured loan, the borrower has to pledge an asset to the lender. This could be their property or their vehicle. This is mainly because the lender can keep the asset in case the borrower fails to repay the loan amount. On the other hand, an unsecured loan does not entail any need for collateral. However, in the case of an unsecured loan, the borrower’s creditworthiness is thoroughly assessed by the lender.

What is the loan term?

The loan term, or loan duration, is a crucial part of the loan wherein the borrower is expected to repay the whole borrowed amount. This term is usually defined by the lender on the basis of the customer’s creditworthiness and borrowing history.

Can I prepay or pay off the loan early?

Yes, you can repay the loan amount early as part of the prepayment policies defined by banks. However, one must review their loan agreement as there might be prepayment penalties involved. These vary from bank to bank.

How does loan refinancing work?

Refinancing a loan is a great way to reduce the interest rates on an existing debt. With refinancing, a borrower can avail of the benefit of a new loan that will help them pay their existing debt and continue with a reduced monthly installment payment.

Can I get a loan without a steady income?

Yes, there are provisions for availing of a loan without any steady income or documents. Various financial institutions offer these benefits to their customers on the basis of a pre-approved financing. Borrowers can check out the best possible interest rates and other policies from various lenders and decide on the bank that suits their financial capacity.

How does a loan default affect me?

Loan default can affect a borrower’s creditworthiness, which can impact their credit score and reliability. In more serious scenarios, the loan defaulters can also face criminal charges and imprisonment. Therefore, it is always best to assess loan repayment capacity and loan eligibility before applying for one.