Citifinancial or Tata Capital for a loan?

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logistopath

logistopath

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I've been looking to take a personal loan for some emergency needs which cannot be postponed. IDBI bank, in which I have my salary account, declined giving me (or anyone else for that matter) a loan, stating recent policy changes in their institution. My only other option for availing a quick loan are institutions like Citifinancial, Reliance Capital and Tata Capital. Of these, Reliance Capital does not operate in Indore, and so that leaves only the other two to choose from.

Both are offering me competitive interest rates (14%) which is quite good considering that most banks offer rates of 18% upwards. So, which of these two do I choose? Facilities for preclosure, payment options, etc are almost similar for both.

If someone has prior experience with dealing with Citi or Tata, please post your views here so that I can make a decision. WHich of these two deals with customers better? Anything I should keep in mind or look for specifically?

Thanks in advance.
 
Axis????

And why do the bank in which u have a corporate salary accnt is not giving u a personal loand?
 
As I mentioned, they (IDBI) are currently not giving personal loans to anyone.. I spoke to the branch manager in Indore H.O. Other banks, I am not so sure, 'coz most of them require me to either have a salary account with them or open a savings account with them.
 
Citi, just because haven't seen / heard anyone taking any loans from Tata. The amount is disbursed real quick, and no hassles unless someone repeatedly misses / avoids payments.

PS: Not speaking from personal experience, but from what I have seen others do.
 
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