Personal Loans - Rate of Interest of various banks for Personal Loan
Personal Loans: Rates of personal loans of various banks
The rates of personal loans of publish and private sector
banks can be seen here
Personal loan is very important as it protects an individual/family
from their financial difficulties in case of any emergency. Personal loan
interest rates depend on the applicant’s
credit score, monthly income, profession, etc.
The interest rates and processing fees on loans offered by
various banks can be seen in the table below.
|
Bank Name |
Interest rate,
per year |
Processing
fee (Total Fixed/ % In loan amount) |
|
State Bank of
India |
11 – 15% |
Rs. 1,000 – 15,000 |
|
HDFC Bank |
10.50%
on-wards |
Up to Rs. 4,999 |
|
Punjab
National bank |
10.40 – 16.95% |
Up to 1% |
|
ICICI Bank |
10.75%
on-wards |
Up to 2.50% |
|
Bank of
Baroda |
10.90 – 18.25% |
Rs. 1,000 –
10,000 |
|
Union Bank |
11.40 – 15.50% |
Up to Rs. 7,500 |
|
Axis Bank |
10.49 %
on-wards |
Up to 1.50-2% |
|
Bank of India |
10.35 – 14.85% |
Up to Rs.5,000 |
|
Indian Bank |
10 – 15% |
Up to 1% |
|
Kotak
Mahindra Bank |
10.99%
on-wards |
Up to 3% |
|
Central Bank
of India |
10.70 – 12.30% |
Up to 1% |
|
IndusInd Bank |
10.49%
on-wards |
Up to 3% |
|
IDBI Bank |
11 – 15.50% |
1%(Lowest
Rs.2,500) |
|
Yes Bank |
10.49%
on-wards |
-- |
|
Bank of
Maharashtra |
9.50 – 12.80% |
1% |
|
IDFC Bank |
10.49% on-wards |
Up to 3.50% |
Note: This data is dated 2023, March 6th. In this
table, we have mentioned only the lowest interest rates. It should be noted
that the loan interest rates depend on the applicant’s credit score; monthly
income, profession, etc.
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