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

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 - July 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

--

IDBI Bank Personal Loan

Interest Rate

11% - 15.5%

Loan Amount

₹25K - ₹5L

EMI Per Lakh

₹2,174 - ₹2,405

Processing Fees

--

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

--

Pre-Payment Charges

--

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 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

    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

    ₹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

    Quick Approval

    ICICI Bank Personal Loan

    Interest Rate

    10.5% - 16%

    Loan Amount

    ₹2.5L - ₹50L

    EMI Per Lakh

    ₹2,149 - ₹2,432

    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

    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

    10.49% - 22%

    Loan Amount

    ₹50K - ₹40L

    EMI Per Lakh

    ₹2,149 - ₹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

    IDFC FIRST Bank Personal Loan

    Interest Rate

    10.49% - 36%

    Loan Amount

    ₹20K - ₹1Cr

    EMI Per Lakh

    ₹2,149 - ₹3,613

    Processing Fees

    Up to 3.5% of the loan amount

    Pre-Payment Charges

    Foreclosure charges 5% of the loan amount

    Federal Bank Personal Loan

    Interest Rate

    10.49% - 17.99%

    Loan Amount

    ₹50K - ₹50L

    EMI Per Lakh

    ₹2,149 - ₹2,539

    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

    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

    Reliance Capital Personal Loan

    Interest Rate

    Up to 16.25%

    Loan Amount

    -

    EMI Per Lakh

    ₹2,445

    Processing Fees

    Up to 2%

    Pre-Payment Charges

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

    Top Private Banks For Personal Loan - July 2024

    Canara Bank Personal Loan

    Interest Rate

    14.75% - 16.25%

    Loan Amount

    ₹3L - ₹3L

    EMI Per Lakh

    ₹2,366 - ₹2,445

    Processing Fees

    Up to 1% 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% - 12.4%

    Loan Amount

    -

    EMI Per Lakh

    ₹2,174 - ₹2,245

    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

    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%

    Loan Amount

    Up to ₹10L

    EMI Per Lakh

    ₹2,137

    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.

    Union Bank of India Personal Loan

    Interest Rate

    8.4%

    Loan Amount

    ₹25L

    EMI Per Lakh

    ₹2,047

    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

    Up to 11.15%

    Loan Amount

    Up to ₹10L

    EMI Per Lakh

    ₹2,182

    Processing Fees

    Up to 1.00% of loan amount

    Pre-Payment Charges

    NIL

    Top Private Banks For Personal Loan - July 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

    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

    --

    Muthoot Finance Ltd Personal Loan

    Interest Rate

    16.37%

    Loan Amount

    ₹50K - ₹10L

    EMI Per Lakh

    ₹2,452

    Processing Fees

    Up to 2% of the loan amount

    Pre-Payment Charges

    NIL

    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)

    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%

    Aditya Birla Finance Limited Personal Loan

    Interest Rate

    13% - 28%

    Loan Amount

    ₹1L - ₹30L

    EMI Per Lakh

    ₹2,275 - ₹3,114

    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

    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

    Up to 2%-6% of loan amount

    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

    --

    L&T Finance Personal Loan

    Interest Rate

    12% - 20%

    Loan Amount

    ₹50K - ₹7L

    EMI Per Lakh

    ₹2,224 - ₹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

    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)

    Ujjivan Small Finance Bank Personal Loan

    Interest Rate

    11.49% - 16.49%

    Loan Amount

    ₹1L - ₹30L

    EMI Per Lakh

    ₹2,199 - ₹2,458

    Processing Fees

    --

    Pre-Payment Charges

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

    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

      Full Prepayment
    • 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 )
      • /ul>

      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)

    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

    Personal Loan Cities

    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

    Top Private Banks For Home Loan - July 2024

    Reliance Capital Home Loan

    Interest Rate

    9.75% - 13%

    Loan Amount

    ₹7.5L

    EMI Per Lakh

    ₹2,112 - ₹2,275

    Processing Fees

    --

    Pre-Payment Charges

    --

    DCB Bank Home Loan

    Interest Rate

    9.75% - 15%

    Loan Amount

    ₹5L - ₹10Cr

    EMI Per Lakh

    ₹2,112 - ₹2,379

    Processing Fees

    --

    Pre-Payment Charges

    --

    YES Bank Home Loan

    Interest Rate

    9.4% - 10.25%

    Loan Amount

    ₹10L - ₹10Cr

    EMI Per Lakh

    ₹2,095 - ₹2,137

    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

    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

    --

    karnataka bank Home Loan

    Interest Rate

    8.75% - 10.35%

    Loan Amount

    ₹20L - ₹5Cr

    EMI Per Lakh

    ₹2,064 - ₹2,142

    Processing Fees

    --

    Pre-Payment Charges

    --

    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

    --

    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

    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

    HDFC Bank Home Loan

    Interest Rate

    8.35% - 9.4%

    Loan Amount

    ₹1L - ₹10Cr

    EMI Per Lakh

    ₹2,044 - ₹2,095

    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

    IDBI Bank Home Loan

    Interest Rate

    8.05% - 13.45%

    Loan Amount

    ₹10K - ₹50Cr

    EMI Per Lakh

    ₹2,030 - ₹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.

    CITI Bank Home Loan

    Interest Rate

    8%

    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

    Interest Rate

    7.55% - 8.05%

    Loan Amount

    ₹5L - ₹10Cr

    EMI Per Lakh

    ₹2,006 - ₹2,030

    Processing Fees

    --

    Pre-Payment Charges

    --

    Top Private Banks For Home Loan - July 2024

    Union Bank of India Home Loan

    Interest Rate

    9.5% - 14.8%

    Loan Amount

    Up to ₹50L

    EMI Per Lakh

    ₹2,100 - ₹2,369

    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

    Punjab & Sind Bank Home Loan

    Interest Rate

    8.55% - 10%

    Loan Amount

    ₹5L - ₹5Cr

    EMI Per Lakh

    ₹2,054 - ₹2,125

    Processing Fees

    Up to 1.00% of loan amount

    Pre-Payment Charges

    NIL

    Canara Bank Home Loan

    Interest Rate

    8.5% - 11.25%

    Loan Amount

    ₹10L - ₹50L

    EMI Per Lakh

    ₹2,052 - ₹2,187

    Processing Fees

    Up to 1% of loan amount

    Pre-Payment Charges

    NIL

    Bank of Maharashtra Home Loan

    Interest Rate

    8.5%

    Loan Amount

    -

    EMI Per Lakh

    ₹2,052

    Processing Fees

    1% of loan amount

    Pre-Payment Charges

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

    Bank of Baroda Home Loan

    Interest Rate

    8.4% - 10.6%

    Loan Amount

    ₹10L - ₹10Cr

    EMI Per Lakh

    ₹2,047 - ₹2,154

    Processing Fees

    NIL

    Pre-Payment Charges

    NIL

    State Bank of India Home Loan

    Interest Rate

    8.4% - 10.15%

    Loan Amount

    ₹5L - ₹40Cr

    EMI Per Lakh

    ₹2,047 - ₹2,132

    Processing Fees

    Up to 1.3%

    Pre-Payment Charges

    --

    Punjab National Bank Home Loan

    Interest Rate

    8.4% - 10.25%

    Loan Amount

    ₹1L - ₹5Cr

    EMI Per Lakh

    ₹2,047 - ₹2,137

    Processing Fees

    0.25% of Loan amount (Minimum – Rs. 1000/- Maximum Rs. 1500/-)

    Pre-Payment Charges

    NIL

    Indian bank Home Loan

    Interest Rate

    8.4% - 9.9%

    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

    8.3%

    Loan Amount

    Up to ₹5Cr

    EMI Per Lakh

    ₹2,042

    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

    Top Private Banks For Home Loan - July 2024

    Clix Capital Home Loan

    Interest Rate

    15% - 25%

    Loan Amount

    ₹2L - ₹2Cr

    EMI Per Lakh

    ₹2,379 - ₹2,935

    Processing Fees

    Up to 10% of loan sanctioned

    Pre-Payment Charges

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

    Ujjivan Small Finance Bank Home Loan

    Interest Rate

    13.75% - 17.75%

    Loan Amount

    ₹2L - ₹75L

    EMI Per Lakh

    ₹2,314 - ₹2,526

    Processing Fees

    --

    Pre-Payment Charges

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

    Hero FinCorp Home Loan

    Interest Rate

    13.22%

    Loan Amount

    ₹10L - ₹3Cr

    EMI Per Lakh

    ₹2,287

    Processing Fees

    2.5% of the loan amount + applicable taxes

    Pre-Payment Charges

    --

    Hero Housing Finance Home Loan

    Interest Rate

    13.22%

    Loan Amount

    ₹1L - ₹3Cr

    EMI Per Lakh

    ₹2,287

    Processing Fees

    --

    Pre-Payment Charges

    --

    Vastu Housing Finance Home Loan

    Interest Rate

    12.5% - 19.5%

    Loan Amount

    Up to ₹50L

    EMI Per Lakh

    ₹2,250 - ₹2,622

    Processing Fees

    Up to 3% of the loan amount

    Pre-Payment Charges

    NIL

    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

    Piramal Housing Finance Home Loan

    Interest Rate

    11%

    Loan Amount

    ₹5L - ₹2Cr

    EMI Per Lakh

    ₹2,174

    Processing Fees

    --

    Pre-Payment Charges

    --

    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

    --

    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%

    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

    --

    Pre-Payment Charges

    --

    Godrej Housing Finance Home Loan

    Interest Rate

    8.55%

    Loan Amount

    ₹5L - ₹2Cr

    EMI Per Lakh

    ₹2,054

    Processing Fees

    --

    Pre-Payment Charges

    --

    Punjab National Bank Housing Finance Home Loan

    Interest Rate

    8.5% - 11.25%

    Loan Amount

    ₹1L - ₹5Cr

    EMI Per Lakh

    ₹2,052 - ₹2,187

    Processing Fees

    Up to 1% of the loan amount

    Pre-Payment Charges

    NIL

    IIFL Finance Home Loan

    Interest Rate

    8.5%

    Loan Amount

    ₹1L - ₹2Cr

    EMI Per Lakh

    ₹2,052

    Processing Fees

    Up to 2%-6% of loan amount

    Pre-Payment Charges

    Nill

    Bajaj Finserv Home Loan

    Interest Rate

    8.45% - 15%

    Loan Amount

    ₹1L - ₹15Cr

    EMI Per Lakh

    ₹2,049 - ₹2,379

    Processing Fees

    Up to 0.50 % of the loan amount + GST and other applicable statutory levies

    Pre-Payment Charges

    NIL

    Home First Finance Company Home Loan

    Interest Rate

    8% - 18%

    Loan Amount

    ₹20K - ₹75L

    EMI Per Lakh

    ₹2,028 - ₹2,539

    Processing Fees

    --

    Pre-Payment Charges

    --

    Make your dream home a reality with our leading home loan services. Urban Money has tied knots with an array of banks providing nimble and hassle-free mortgage loans. Unlock home credit loans with a host of benefits, like low housing loan interest rates and smaller EMIs to space out your payments over a longer tenure.

    Types of Loan

    Home Loan Cities

    Loan Against Property

    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

    Top Private Banks For Loan Against Property - July 2024

    Federal Bank LAP

    Interest Rate

    12.6%

    Loan Amount

    ₹50L - ₹3Cr

    EMI Per Lakh

    ₹2,255

    Processing Fees

    1% of the limit sanctioned with a minimum of Rs.3000/-

    Pre-Payment Charges

    NIL

    ICICI Bank LAP

    Interest Rate

    10.85% - 12.5%

    Loan Amount

    ₹10L - ₹5Cr

    EMI Per Lakh

    ₹2,167 - ₹2,250

    Processing Fees

    Up to 1% of loan amount

    Pre-Payment Charges

    Pre-payment charges-4%

    Axis Bank LAP

    Interest Rate

    10.5% - 10.95%

    Loan Amount

    ₹5L - ₹5Cr

    EMI Per Lakh

    ₹2,149 - ₹2,172

    Processing Fees

    1% or Rs 10,000, whichever is higher

    Pre-Payment Charges

    • 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)

    IDBI Bank LAP

    Interest Rate

    10.45% - 11.7%

    Loan Amount

    Up to ₹10Cr

    EMI Per Lakh

    ₹2,147 - ₹2,209

    Processing Fees

    --

    Pre-Payment Charges

    --

    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.

    HSBC LAP

    Interest Rate

    9.75%

    Loan Amount

    ₹3L - ₹30Cr

    EMI Per Lakh

    ₹2,112

    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.

    HDFC Bank LAP

    Interest Rate

    9.5% - 11%

    Loan Amount

    ₹49L - ₹5Cr

    EMI Per Lakh

    ₹2,100 - ₹2,174

    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%

    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.

    Top Private Banks For Loan Against Property - July 2024

    State Bank of India LAP

    Interest Rate

    11.05% - 14.05%

    Loan Amount

    ₹1L - ₹20L

    EMI Per Lakh

    ₹2,177 - ₹2,329

    Processing Fees

    NIL

    Pre-Payment Charges

    NIL

    Bank of Baroda LAP

    Interest Rate

    10.85% - 16.5%

    Loan Amount

    ₹2L - ₹25Cr

    EMI Per Lakh

    ₹2,167 - ₹2,458

    Processing Fees

    Up to 1% (Rs 8,500 upfront-Rs 75,000)

    Pre-Payment Charges

    --

    Union Bank of India LAP

    Interest Rate

    10.5% - 13.15%

    Loan Amount

    ₹25L - ₹75L

    EMI Per Lakh

    ₹2,149 - ₹2,283

    Processing Fees

    Up to 1% of the loan amount

    Pre-Payment Charges

    --

    Punjab National Bank LAP

    Interest Rate

    10.4% - 12.75%

    Loan Amount

    ₹2L - ₹5Cr

    EMI Per Lakh

    ₹2,144 - ₹2,263

    Processing Fees

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

    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 75% of applicable charges

    Pre-Payment Charges

    1% of the loan amount

    Top Private Banks For Loan Against Property - July 2024

    Tata Capital Financial Services LTD LAP

    Interest Rate

    10.1%

    Loan Amount

    ₹10L - ₹3Cr

    EMI Per Lakh

    ₹2,130

    Processing Fees

    Up to 1.25% of the finance amount

    Pre-Payment Charges

    • Lock-in period - 12 months

    Fullerton India LAP

    Interest Rate

    24%

    Loan Amount

    ₹50K - ₹12Cr

    EMI Per Lakh

    ₹2,877

    Processing Fees

    nil

    Pre-Payment Charges

    • Within 6 months from the Agreement Date - 5%.

    Vastu Housing Finance LAP

    Interest Rate

    17.5% - 23.5%

    Loan Amount

    Up to ₹50L

    EMI Per Lakh

    ₹2,512 - ₹2,848

    Processing Fees

    Upto 3% of Loan Amount plus applicable taxes and/ or other statutory levies

    Pre-Payment Charges

    --

    Clix Capital 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).

    Aditya Birla Finance Limited LAP

    Interest Rate

    10% - 16.5%

    Loan Amount

    Up to ₹75Cr

    EMI Per Lakh

    ₹2,125 - ₹2,458

    Processing Fees

    2% of the loan applied for + GST

    Pre-Payment Charges

    Lock in period is 24 months (No foreclosure allowed)

    Cholamandalam Finance LAP

    Interest Rate

    10% - 20%

    Loan Amount

    ₹10L - ₹5Cr

    EMI Per Lakh

    ₹2,125 - ₹2,649

    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

    2% of the loan applied for + GST

    Pre-Payment Charges

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

    Poonawalla Fincorp Limited LAP

    Interest Rate

    9%

    Loan Amount

    ₹2L - ₹5Cr

    EMI Per Lakh

    ₹2,076

    Processing Fees

    A processing fee of 0.50% 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

    Hero FinCorp LAP

    Interest Rate

    8% - 18%

    Loan Amount

    ₹10L

    EMI Per Lakh

    ₹2,028 - ₹2,539

    Processing Fees

    upto 5% 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.

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    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 - July 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

    16%

    Loan Amount

    Up to ₹50L

    EMI Per Lakh

    ₹2,432

    Processing Fees

    Up to 2.5% of loan amount

    Pre-Payment Charges

    Part prepayment is not allowed

    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

    IDFC FIRST Bank Business Loan

    Interest Rate

    10.5%

    Loan Amount

    ₹1L - ₹9L

    EMI Per Lakh

    ₹2,149

    Processing Fees

    Up to 3.5%

    Pre-Payment Charges

    5% of outstanding principal

    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

    IndusInd Bank Business Loan

    Interest Rate

    8.75% - 14.58%

    Loan Amount

    ₹30L - ₹1Cr

    EMI Per Lakh

    ₹2,064 - ₹2,357

    Processing Fees

    Up to 2% of the loan amount

    Pre-Payment Charges

    4% of the principal outstanding

    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

    --

    Top Private Banks For Business Loan - July 2024

    Union Bank of India Business Loan

    Interest Rate

    11.4% - 15.5%

    Loan Amount

    Up to ₹15L

    EMI Per Lakh

    ₹2,194 - ₹2,405

    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

    State Bank of India Business Loan

    Interest Rate

    11.2% - 16.3%

    Loan Amount

    Up to ₹50Cr

    EMI Per Lakh

    ₹2,184 - ₹2,448

    Processing Fees

    Flat Rs 10,000

    Pre-Payment Charges

    NIL

    Bank of India Business Loan

    Interest Rate

    10.2% - 12.95%

    Loan Amount

    ₹5L - ₹5Cr

    EMI Per Lakh

    ₹2,135 - ₹2,273

    Processing Fees

    Starting from ₹500 – 10,000

    Pre-Payment Charges

    --

    Canara Bank Business Loan

    Interest Rate

    9.5% - 11.55%

    Loan Amount

    ₹50K - ₹20Cr

    EMI Per Lakh

    ₹2,100 - ₹2,202

    Processing Fees

    Up to 75% of applicable charges

    Pre-Payment Charges

    0.25% per lakh or part there of with a minimum of Rs. 500 or 1% of the loan amount

    Punjab National Bank Business Loan

    Interest Rate

    8.15% - 15%

    Loan Amount

    ₹50K - ₹15L

    EMI Per Lakh

    ₹2,035 - ₹2,379

    Processing Fees

    Up to Rs.300/- per lakh or part thereof

    Pre-Payment Charges

    2% on the outstanding pre-paid

    Bank of Baroda Business Loan

    Interest Rate

    6.75% - 13.5%

    Loan Amount

    ₹5L - ₹50L

    EMI Per Lakh

    ₹1,968 - ₹2,301

    Processing Fees

    Up to 3% of the loan amount

    Pre-Payment Charges

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

    Top Private Banks For Business Loan - July 2024

    Tata Capital Financial Services LTD Business Loan

    Interest Rate

    12% - 17.5%

    Loan Amount

    ₹5L - ₹75L

    EMI Per Lakh

    ₹2,224 - ₹2,512

    Processing Fees

    Up to 2.75% of the loan amount plus GST

    Pre-Payment Charges

    4.5% on future principal outstanding on existing loan plus GST

    Ujjivan Small Finance Bank Business Loan

    Interest Rate

    22.9% - 23.1%

    Loan Amount

    ₹5K - ₹1L

    EMI Per Lakh

    ₹2,813 - ₹2,825

    Processing Fees

    Up to 2.50% of the loan amount + GST

    Pre-Payment Charges

    --

    Digikredit-SME Corner Business Loan

    Interest Rate

    19%

    Loan Amount

    ₹50K - ₹25L

    EMI Per Lakh

    ₹2,594

    Processing Fees

    Up to 3% of the loan amount

    Pre-Payment Charges

    5% of the principal outstanding

    Tata Capital Housing Finance Limited Business Loan

    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

    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

    Loantap Credit Products Private Limited Business Loan

    Interest Rate

    18%

    Loan Amount

    ₹50K - ₹2.5L

    EMI Per Lakh

    ₹2,539

    Processing Fees

    Up to 3% of loan amount

    Pre-Payment Charges

    --

    INDIFI Business Loan

    Interest Rate

    18%

    Loan Amount

    ₹50K - ₹1Cr

    EMI Per Lakh

    ₹2,539

    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%.

    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

    Piramal Housing Finance Business Loan

    Interest Rate

    17%

    Loan Amount

    ₹25L

    EMI Per Lakh

    ₹2,485

    Processing Fees

    Up to 4% of the sanctioned loan amount

    Pre-Payment Charges

    • 4% of principal amount

    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

    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

    Capital First Ltd. Business Loan

    Interest Rate

    15%

    Loan Amount

    Up to ₹40Cr

    EMI Per Lakh

    ₹2,379

    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.

    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

    --

    Aditya Birla Finance Limited Business Loan

    Interest Rate

    14%

    Loan Amount

    ₹50K - ₹1Cr

    EMI Per Lakh

    ₹2,327

    Processing Fees

    Up to 2% of the loan amount

    Pre-Payment Charges

    • 2% of the amount prepaid.

    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

    --

    IIFL Finance Business Loan

    Interest Rate

    12.75% - 44%

    Loan Amount

    ₹1L - ₹50L

    EMI Per Lakh

    ₹2,263 - ₹4,144

    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

    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

    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.