Online Loan Apply in Assam | Loan Application Form

Need funds for emergencies, education, or home renovation? There are multiple ways to get a loan in India, each with different eligibility, interest rates, and processing times. Here’s a comprehensive list of platforms to apply for different types of loans in India, including banks, NBFCs, and digital lending platforms. Check this list to apply for specific types of loans.

1. Banks (Public & Private)

Where to Apply?

✔ Online: Bank websites (e.g., HDFC, SBI, ICICI)
✔ Offline: Visit the nearest branch

Loan Types Offered

• Personal Loans
• Home Loans
• Car Loans
• Education Loans

Pros & Cons

Pros	Cons
✅ Lower interest rates (8–15% p.a.)	❌ Strict eligibility (CIBIL 650+)
✅ Longer tenures (up to 30 years)	❌ Slow processing (3–7 days)
✅ Trusted & regulated	❌ Heavy documentation

Best for: Those with good credit scores who need large loans at low rates.

2. NBFCs (Non-Banking Financial Companies)

Where to Apply?

✔ Online: Bajaj Finserv, Tata Capital, MoneyTap
✔ Apps: KreditBee, LazyPay, Fibe

Loan Types Offered

• Instant Personal Loans
• Business Loans
• Gold Loans

Pros & Cons

Pros	Cons
✅ Faster approval (1–24 hrs)	❌ Higher interest (12–30% p.a.)
✅ Lenient CIBIL (550+ accepted)	❌ Shorter tenures (max 5 years)
✅ Minimal paperwork	❌ Processing fees (1–6%)

Best for: Urgent needs or low CIBIL score borrowers.

3. Digital Lending Apps

Where to Apply?

✔ Loan Apps: Cred, Paytm Postpaid, Dhani
✔ BNPL Services: Simpl, LazyPay

Loan Types Offered

• Small-ticket loans (₹1,000–₹5 lakhs)
• Buy Now Pay Later (BNPL)

Pros & Cons

Pros	Cons
✅ Disbursal in 10 mins	❌ Very high interest (18–42% p.a.)
✅ No CIBIL checks (sometimes)	❌ Small loan amounts
✅ No collateral needed	❌ Hidden charges

Best for: Instant small loans (₹1K–₹2L) for emergencies.

4. Government Loan Schemes

Where to Apply?

✔ PSU Banks: SBI, PNB
✔ Government Portals: StandUp India

Loan Types Offered

• Mudra Loan (up to ₹10L)
• PM SVANidhi (Street vendors)
• Education Loans (Subsidized)

Pros & Cons

Pros	Cons
✅ Low-interest (7–12% p.a.)	❌ Complex application
✅ Subsidies for women/SC/ST	❌ Long approval time
✅ No collateral for small loans	❌ Limited availability

Best for: Entrepreneurs, students, and vendors seeking affordable credit.

How to Choose the Best Loan Source?

1️⃣ Need Urgent Cash? → Digital Apps (e.g., KreditBee)
2️⃣ Low Interest? → Banks (e.g., SBI Personal Loan)
3️⃣ Low CIBIL Score? → NBFCs (e.g., Bajaj Finserv)
4️⃣ Business/Scheme Loan? → Government Schemes

Frequently Asked Questions