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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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Get personal loans in India that are best matched to your credit profile
Currently not available! for similar products
Processing Fee
2%
Max Tenure
1-5 yrs
Best Rate
10.75%
personal loans are an excellent credit option. They provide flexibility and convenience, and they can assist you in meeting your financial objectives. They are also one of the most difficult loans to obtain since they are unsecured, which means they do not require any collateral or guarantee. Lenders have strict eligibility criteria to process a personal loan.
They look at your credit score and other factors, in addition to your income, to determine your personal loan interest rate and other loan terms. As a result, people with low credit scores, as well as young earners and self-employed individuals, have a difficult time obtaining a personal loan when they need it the most. That is why MyMoneyMantra's low-interest personal loans may be a better fit for you.
MyMoneyMantra is a large network of banks and NBFCs that offer various credit facilities to individuals and businesses. Established in 1989, MyMoneyMantra has disbursed more than 50 lakh loans to eligible applicants.
MyMoneyMantra platform allows you to choose and compare loans and credit cards from different lenders and apply for them on the platform itself. The platform also offers other useful tools like Personal Loan Eligibility calculator, Personal Loan EMI Calculator, Loan Prepayment Calculator, and other comparison tools to find the best personal loan for your needs.
Here are the popular personal loan products available from MyMoneyMantra -
Banks | Interest Rate | Processing Fees |
|---|---|---|
HDFC Bank | 11.25% - 16% | Up to 2.50% |
ICICI Bank | 10.50% - 19% | Up to 2.25% |
IDFC First Bank | 10.49% - 24% | Up to 2% |
Navi | 9.9% | 3.99% to 6% |
SBI | 9.80% - 12.30% | Up to 1.50% |
Yes Bank | 10% - 24% | Up to 2.50% |
Kotak Mahindra Bank | 10.99% - 24% | Up to 2% + GST |
Bajaj Finserv | 13% | Up to 4.13% + GST |
HSBC Bank | 9.99% - 14% | Up to 1% |
Axis Bank | 10.49% - 24% | 1.50% to 2% + GST |
PNB | 9.80% - 14.65% | Up to 1% + GST |
Federal Bank | 10.49% - 17.99% | Up to 3% |
Bank of Baroda | 9.20% - 16.55% | Up to 2% |
Canara Bank | 11.65% - 14.30% | Up to 0.50% |
IndusInd Bank | 10.49% onwards | Up to 2.50% |
Central Bank of India | 9.85% - 10.05% | Up to Rs. 500 |
Indian Bank | 9.40% - 9.90% | Fixed By Bank |
UCO Bank | 10.65% - 10.90% | Up to 1% |
Bank of India | 11.25% - 13.25% | Up to 2% |
South Indian Bank | 11% - 18.5% | 2% + GST |
IDBI | 9.50% - 14% | Up to 1% + taxes |
Dhanlaxmi Bank | 11.90% - 15.70% | Up to 2.5% |
Lender | Min. Work Experience | Maximum Loan Amount | Tenure |
|---|---|---|---|
HDFC Bank | 2 years | 40 Lakhs | 60 Months |
SBI | 1 year | 20 Lakhs | 60 Months |
ICICI Bank | 2 years | 25 Lakhs | 72 Months |
Citibank | 1 year | 30 Lakhs | 60 Month |
Axis Bank | 1 years | 15 Lakhs | 60 Months |
Bajaj Finserv | 1 years | 25 Lakhs | 60 Months |
IndusInd Bank | 2 years | 15 Lakhs | 60 Months |
Bank of Baroda | 1 years | 10 Lakhs | 60 Months |
Yes Bank | 2 years | 40 Lakhs | 60 Months |
PNB | 2 years | 15 Lakhs | 84 Months |
IDFC FIRST Bank | 2 years | 25 Lakhs | 60 Months |
Navi | 1 years | 20 Lakhs | 60 Months |
Tata Capital | 1 years | 25 Lakhs | 72 Months |
Indian Overseas Bank | 1 years | 5 Lakhs | 60 Months |
Federal Bank | 3 years | 25 Lakhs | 48 Months |
Fullerton India | 1 years | 25 Lakhs | 60 Months |
Kotak Mahindra Bank | 1 years | 20 Lakhs | 60 Months |
RBL Bank | 3 years | 20 Lakhs | 60 Months |
IIFL Finance | 2 years | 25 Lakhs | 36 Months |
IDBI Bank | 1 years | 5 Lakhs | 60 Months |
Canara Bank | 3 years | 3 Lakhs | 60 Months |
HDB Financial | 1 years | 20 Lakhs | 60 Months |
You can apply for a personal loan from MyMoneyMantra if you satisfy these eligibility criteria –
The personal loan application is completely online. Once you fill in the required details, a representative from MyMoneyMantra will contact you for next steps –
KYC Documents | PAN Card Aadhar Card Driving License Voter ID Passport Registered Rent Agreement |
|---|---|
Income Documents - Salaried | Salary slips for the last 6 months IT Return along with Form 16 for the past 2 years Bank account statements of previous 3 months that reflects your salary credits and other income Employment certificate from current employer |
Income Documents - Self-employed | Financial statements that include Balance Sheet and Profit and Loss Statement IT Returns for the last 2 years Proof of continuity of business income such as Bank Account Statement Business documents, like GST Registration |
Other Documents | Duly filled personal loan application form Recent passport-sized photographs Cheque for the Processing fee |
1. Does MyMoneyMantra still offer Covid personal loans?
Covid-19 personal loans were available until July 31, 2020, to help with covid-related financial stress. Many banks provided these loans. They are, however, no longer available in India.
2. What is the average interest rate on personal loans available through MyMoneyMantra?
The interest rate for personal loans is currently averaging between 9.9% and 24%. You can compare various personal loan lenders on the MyMoneyMantra platform before applying.
3. What is the benefit of applying for a personal loan via the MyMoneyMantra platform?
When you apply through MyMoneyMantra, you can compare offers from more than 100+ lenders across India. You can get an instant online application and a swift response on your application.
4. How much CIBIL™ score do I require to apply for a personal loan on MyMoneyMantra?
You will need a minimum CIBIL™ score of 700 to apply for a personal loan.
5. Can I add a co-applicant on my personal loan application?
Adding a co-applicant will increase your chances of loan approval.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application