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Lowest Rate of Interest for Personal Loan

Personal Loan interest rates is one of the first parameters that one considers along with other value adds like pre-closure options, part payments etc. Interest rates are the rate at which the bank is willing to lend money to you which in turn is their source of income.

Types of Personal Loan Interest Rate
Personal Loan Flat or Fixed Interest Rate

Under this interest rate system, the interest rate does not change even a bit during the full loan period. It is fixed by the lender as per his or her assumptions regarding the average discount rate over the entire loan tenure. A fixed rate Personal Loan capital value is fixed as per the future interest rates that are arrived at during the computation process.

Personal Loan Reducing or Variable Interest Rate

A Personal Loan with a variable or reducing interest rate has a rate that changes on a regular basis. This happens as it changes according to the benchmark interest rate that fluctuates over a period of time. When the benchmark interest rate goes down, it is very helpful to a borrower. If you anticipate that the interest rate will go down during a particular time frame, you can go for a Personal Loan reducing or variable interest rate. A reducing or variable interest rate is also known as an adjustable interest rate.

Most of the people don’t think about taking a Personal Loan to fulfil their need of money as they think that they would have to pay a high interest rate to repay the loan. But, it is not true, people are not aware they can easily avail a Personal Loan with lower interest rate and affordable EMIs.

Higher the amount and lower will the rate of interest, that is our mission for those who urgently need money. LoanMoney is the best helping hand in getting a Personal Loan at cheap interest rate with no extra fees and charges. Everyone demands that they would only take Personal Loan if the rate of interest is low and LoanMoney believe in providing offer that the borrowers accept with a smile on their face.

Apply for the Personal Loan at low interest rate through LoanMoney and avail the benefits from it. Please note that there is Eligibility criteria in order to obtain the loan, to check your eligibility you may contact us by filling the form on our website and we will if you are or not, meeting the eligibility criteria.

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It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.


Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.


Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.


A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.
The Education Loan aims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
Debt consolidation/ Financial Restructuring is a process to streamline one's financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements... read more

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