There is hope for those customers looking for personal loans but could not avail them so far because they have been working with companies which are not listed by the banks, otherwise known as Non-listed or Non-Categorized companies. Till now, for employees of such companies, it has been challenging to seek larger size Personal Loans because such Non-listed companies are usually not pre-approved or listed by the banks for purpose of extending loans due reasons including lacking in financial performance, market share or brand name among others.

BanksInterest rate (%)Processing fee
Allahabad Bank8.55% – 13.05%1.06% of loan amount (Minimum Rs. 1068)
Andhra BankClean Loans: 11.70% – 13.20%Not available
Bank of Baroda9.85% – 15.45%2% of Loan amount (Minimum: Rs.1000 to Maximum Rs.10,000)
Bank of India12.10% – 14.10%up to 2% of loan amount (Minimum Rs.1000 to Maximum
Bank of Maharashtra11.50% – 12.50%1% of the Loan Amount (Min.:Rs.1000)
Canara Bank11% – 14%0.5% of the loan amount (Minimum Rs.1000 and Maximum Rs. 5000)
Central Bank of India11.60%Rs. 500 + S.T
Corporation Bank12.85% – 13.85%1.50% (Min. of Rs. 500)
Dena Bank13% – 14%1% of loan amount
IDBI Bank Limited10% – 12.75%up to 1% of the loan amount + applicable taxes
Indian Bank10.65% – 11.25%0.51% on loan amount with a max. of Rs. 510
Indian Overseas Bank11.95% – 13.70%0.50% (Upto Rs. 5,00,000)
0.75% (Above Rs. 5.00.000)
Oriental Bank of Commerce10.25% – 12.25%0.50% of the loan amount with a minimum of Rs. 500 + Service tax, if any
Punjab & Sind Bank12.80% – 14.05%1% of the loan amount
Punjab National Bank12.05% – 15.05%1.80% of loan amount (Rs. 270 – Rs. 450)
State Bank of India11% – 17.05%up to 1% of the Loan amount
Syndicate Bank12.65% – 13.65%0.50% of the Loan amount with minimum of ` 500
UCO Bank11.40% – 11.65%1% of loan amount (minimum Rs.750)
Union Bank of India13.65%0.50% of the loan amount, subject to minimum of Rs. 500, plus applicable GST.
United Bank of India13.95% – 14.20%1% of the loan amount sanctioned
Vijaya Bank12.55% – 13.55%Processing charges: up to 0.75% of loan amount + GST.
Axis Bank Ltd.15.75% to 24%1.50%-2.00%+GST
Bandhan Bank Ltd.15%-18.55%1%+GST
Catholic Syrian Bank Ltd.12%-19%1% of loan amount subject to minimum of Rs.250
City Union Bank Ltd.No Information available on websiteNo Information available on website
DCB Bank Ltd.They do not provide PLThey do not provide PL
Dhanlaxmi Bank Ltd.10.40%-10.90%Upto 2.5% of loan amount subject to minimum of Rs.1250
Federal Bank Ltd.11.49%-14.49%0.50% of loan amount subject to minimum of Rs.500
HDFC Bank Ltd11.25%-20%Upto 2.5% of loan amount subject to minimum of Rs.1999
ICICI Bank Ltd.10.99%-22%Upto 2.25% of loan amount+GST
IndusInd Bank Ltd10.50%-30.50%Upto 2.5% of loan amount subject to minimum of Rs.1000 plus taxes
IDFC Bank Ltd.Rates not available on website (As per our info- 10.99%-15%)Upto 2% of loan amount
Jammu & Kashmir Bank Ltd.They provide Consumer LoansThey provide Consumer Loans
Karnataka Bank Ltd.12.70%0.50% of loan amount subject to minimum of Rs.250
Karur Vysya Bank Ltd.15.90%0.40% of loan amount
Kotak Mahindra Bank Ltd10.99%-24%Upto 2.5% of loan amount+GST
Lakshmi Vilas Bank Ltd.Do not provide Personal Loan 
Nainital bank Ltd.Website not updated 
RBL Bank Ltd.11%-26.25%Upto 2.5% of loan amount
South Indian Bank Ltd.11.55%-14.45%2% of loan amount
Tamilnad Mercantile Bank Ltd.14.80%1% of loan amount
YES Bank Ltd.11.25%-17.5%Upto 2.5% of loan amount subject to minimum of Rs.999
Source : MoneyMantra

Very recently, Citibank announced a special offer for providing Personal Loans up to a maximum of 15 Lakhs to employees of such Non-listed companies. While earlier Citibank’s Suvidha account holders from Non -listed companies could avail of personal loans upto 5 Lakhs, which was contingent on such customers having an ongoing saving bank account with Citibank. However, this latest product opens up the offer to employees of non-listed companies who have not maintained any savings account or relationship with Citibank previously.

The rate of interest for Citibank Personal Loan to employees of Non-listed companies is presently 14.99%. Moreover, the facility of instant e-approval has been proposed to ease the process of loan application.

The availability of personal loans to such category of people has come at a time when customers’ needs and aspirations are growing in step with the growth of the economy.

Top 3 Lenders proving Personal Loans for Non-Listed Companies

1. Omozing

Omozing helps make Smart Money Moves for a Lifetime. They strive to get lowest interest rates and best terms for your Online Applications at . We’ve made business lending smarter, faster and easier by transforming the approval process from stumbling blocks to stepping-stones. This enables borrowers to not just get access to capital, but also understand what areas they need to work on in order to enhance their credit profile. Omozing ensures that Borrowers get a secure, safe and reliable application process that be tracked online.

5 Reasons to choose Omozing

1. Loans from INR 10k to INR 10 lakhs

Personal Loan Interest Rates starting from 0.8% p.m, and Loan amount ranging from INR 10,000 to INR 10,00,000. The Minimum and maximum repayment period ranges from 1 month to 48 months.  CIBIL 600+ all company categories (including LLP, Self Employed, Proprietorship)

2. Cutomised Tailor Options

3. Lower CIBIL

While most lenders require borrowers to have a CIBIL score of over 750, at provide loans even with 600.  Besides the CIBIL score, we also considers your age, employment status, and net monthly income.

4. Ways to apply

You can apply for a personal loan through us by 2 ways:

1. You can download our Mobile Application from Google app store.

2. Apply on portal using out Personal Loan link

5. Prompt Loan Disbursal

An easy online application process facilitates speedy verification and disbursal of loan. Get KYC verified from the comfort of your home and have our loan manager take care of an instant transfer of funds to your account.

2. SBI Personal Loan

SBI offers SBI Saral personal loan customized in a manner that helps an individual meet varied kinds of personal expenses. The interest rates at which these loans are offered are quite competitive with no hidden costs or administrative charges, no prepayment penalties. It also comes with easy repayment term.

Eligibility for SBI Personal Loan

The eligibility criteria you will have to fulfil in order to avail this personal loan scheme are:

SBI Personal Loan Details

3. FundsTiger

FundsTiger is a popular online loan platform. Our consumers come to us for their money requirements, whether they are short-term or long-term, small-ticket or large-ticket, personal, family, or business. FundsTiger team brings a wealth of international financial knowledge to the table and tailors it to your specific needs. Money advice, credit advice, wealth planning, and, of course, credit are all available to our clients.

Faster Funding – We are over 80% faster than most traditional banks and lenders

Total Focus on Your Wins – We leverage our technology and business expertise for your financial success.

Customized Loans – We can structure and customize loans for your unique needs

Customer needs in Forefront – Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking the personal loan offers based on customer profile, we try to give you the most personalised experience.

Support you can rely upon – Monitor your loans 24/7 and reach out to a super-responsive support service

Relationships, not Borrowers – We believe in building relationships, not just lending to borrowers.

More Value for Money – We offer the best value for money loans when compared to all our competitors

Real-time Customer Support – Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

Cutomised Tailor Options – Depending on your demands, we may provide quick financing of varying quantities at affordable interest rates.

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