Apoorv Chaudhary
by on October 8, 2021

Personal loans are available from institutions such as HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Axis Bank to salaried employees of public and private limited firms. However, the interest rate imposed by these companies is likely to be higher for employees of private limited companies or non-listed corporations than it is for employees of public companies. One of these organizations is Oracle India that offers the best personal loan products. In such instances, you can go to a non-banking financial institution (NBFC) that offers personal loans interest rates at attractive rates to non-publicly traded company personnel. 

Best banks offering Personal Loans in India 

Here is the list of best banks offering personal loans in India at attractive interest rates, eligibility checks, and other details related to the loan:  

HDFC Bank Personal Loan for Salaried Employees  

HDFC Personal Loans for salaried employees are available to individuals who work in top corporations as well as those who operate in a variety of industries. It provides a personal loan with interest rates ranging from 10.25% to 17.00% and a maximum term of 5 years. A processing fee of 0.99% to 2.50% of the loan amount is charged by the bank. It has a price of Rs. 1,999 as a minimum. See below for further information about HDFC Personal Loans for salaried employees. 

HDFC Bank Personal Loan Eligibility Criteria  

Personal loans are available from HDFC Bank to salaried employees who match the following criteria. 

  • The salaried candidate must be a minimum of 21 years at the time of loan application. 
  • The applicant's maximum age should not be more than 60 years. 
  • Salaried employees must have a total of 2years of working experience, with a maximum of one year with their present employer. 
  • If you already have a banking account with HDFC Bank, you may be eligible for a personal loan if you earn at least INR 25,000 per month. Otherwise, a minimum salary of Rs. 50,000 will be required.  

ICICI Bank Personal Loan for Salaried Employees  

ICICI Bank is a simple option that is offered to salaried employees at attractive interest rates and simple personal loan offers. The personal loan interest rates start at 10.50% and go up from there. ICICI Bank offers customized personal loan offerings to salaried employees in major corporations and industries such as BFSI and Pharma. 

Personal Loan for Oracle India EmployeesTata Consultancy Services, Cognizant Technology Services Private Limited, Accenture Solutions Private Limited, IBM India Private Limited, Capgemini, and HCL Technologies Limited are just a few of the top companies. 

ICICI Bank Personal Loan Eligibility Criteria for Salaried Employees  

Personal loans from ICICI Bank are provided to salaried employees who match the following criteria. 

  • At the time of loan application, the candidate must be a minimum of 23 years old. The maximum age limit should be 58 years. 
  • The applicant's net monthly income should be between Rs. 17,500 and Rs. 25,000. 
  • You must have a minimum of two years of work experience, including at least one year with your present employer.  

SBI Personal Loan for Salaried Employees  

It provides a personal loan of up to Rs. 20 lakhs for a period of up to 6 years. The interest rates on SBI personal loans range from 9.60% to 13.60%. However, the level of interest you will receive is determined by the segment you are in. The following table shows the interest rate on SBI Personal Loans for salaried personnel. 

Eligibility Criteria of SBI Personal Loan  

Personal loans are available to salaried employees who meet the following criteria. 

  • When applying for an SBI personal loan, you must be at least 21 years old. The applicant's maximum age should not be more than 58 years old. 
  • The required minimum monthly income is Rs. 15,000 per month. 
  • A minimum of two years of work experience is necessary, with at least one year with the current organization.  

Kotak Mahindra Personal Loan for Salaried Employees 

Kotak Mahindra Bank is offered to salaried employees who can apply for personal loans with interest rates starting at 10.75%. What is the amount of the processing fee? It varies between 0.99% and 2.25% of the total loan amount, including GST. The range of interest rates and processing fees is provided above. They can differ depending on the sort of organization you work for, your income, and the loan amount you take out. You may read more about each of these in the sections below. 

Eligibility Check of Kotak Mahindra Personal Loan  

Here is the list of Kotak Mahindra Bank Personal Loan eligibility checks that guides you for availing of the loan easily: 

  • The salaried applicant must be a minimum of 21 years old. The maximum age, on the other hand, should not exceed 58 years. 
  • The required minimum net monthly income is Rs. 40,000. 
  • Employees with a minimum of six months of work experience are eligible for personal loans from the bank. 
  • A graduate degree is required to obtain a personal loan. 


In the end, you can compare and choose the best banks offering personal loan interest rates in a flexible way, repayment tenure, and other charges. You can also get the entire details at and apply for a personal loan in a simple manner.  

Posted in: Finance, Loan, loans
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