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Here Is How Much EMI You Would Pay For Personal Loan Of Rs 1 Lakh

Team BankBazaar


Personal loans come handy during unannounced emergencies. Whether there is an unexpected expense during a wedding preparation or renovation in your house, a personal loan can help you with immediate funds.

Personal loans are typically unsecured in nature, which means a security need not be pledged as a collateral for it.

It is important to note that your personal loan eligibility depends on your income, repaying capacity, credit score etc.

Take a look at the personal loan interest rates offered by some of the popular banks in the country.

Interest Rates on Personal Loan  
EMI range based on Loan Amount Rs 100000 for tenure of 4 years
Lender’s Name Floating Rate EMI (In Rs)
Allahabad Bank 10.65-13.15 2568 – 2690
Axis Bank 16- 24 2834 – 3260
Bank of India 11.2-14.2 2594 – 2743
Bank of Maharashtra 12.7 2668
Central Bank 11.3- 12.55 2599 – 2660
Corporation Bank 12.9- 13.9 2678 – 2728
HDFC Bank 15.5- 21.5 2808 -3124
Karnataka Bank 13.15 -14.6 2690- 2763
Punjab National Bank 11.25-15 2597 – 2783
State Bank of India 11- 17.05 2585 – 2888
UCO Bank 10.85- 12.85 2577 – 2675
United Bank of India 13.45- 14.2 2705- 2743
Bajaj FinServ 12.99% onwards >2682
Citi Bank 10.99- 14.5 2584 – 2758
Kotak Mahindra Bank 11.5-24 2609 – 3260
compiled by BankBazaar.com from respective banks’ websites on May 15, 2019.
Note :
The EMI range is indicative and calculated on the basis of interest rate range as provided in the table. In actual situation it may include other fees and charges as per bank’s t&c. The interest rate are based as per salaried individual & Pensioners for unsecured personal loan. Actual applicable interest rate may vary based on the credit profile, loan amount, tenure, company you work for and as per bank’s discretion.