Personal loans and loan apps: who lends and what it costs
Amount, tenure, interest, processing fee and APR as lenders publish them, with the bank or NBFC that actually lends and its RBI registration. The final terms are in your Key Facts Statement.
The lender list is being prepared
We add a lender only after checking its terms in its own documents and its registration on the RBI website. No lender has passed that check yet, so there is nothing to compare here today.
Already have an offer? You can check it now: work out the EMI and APR, or go through the Key Facts Statement before you sign.
How to compare loans
- Compare the APR, not the interest rate.
The APR includes interest and every other charge, such as the processing fee deducted at disbursal. Lenders must show it in the Key Facts Statement.
- Find out who lends.
Many apps only pass on applications. The KFS names the bank or NBFC; an NBFC can be checked in the RBI list of NBFCs.
- Check the money you will receive.
Fees and GST deducted at disbursal reduce the amount that reaches your account, while the EMIs are calculated on the full loan.
Zaito does not lend and does not pass your data to lenders. The lender decides on your application. Looking for a service that sends your application to several lenders? See loan platforms.