Personal loans are popular as they come to your rescue during financial emergencies. They are convenient to avail as you do not require any security or collateral to borrow money. Before taking a personal loan, it would be wise to compare personal loans from various lenders on various factors like interest rates, processing fees, other charges to bag the best deal. You can also use a personal loan EMI calculator to estimate your monthly repayments.
If you are planning to take a personal loan, here is the list of leading lenders that are providing lower interest rates.
|Personal Loan Interest Rate (For Top 10 Banks By Asset Size)|
|Lender’s Name||Interest Rate|
|Punjab National Bank||8.80% – 11.65%|
|Union Bank||8.90% – 12.00%|
|State Bank of India||9.60% – 13.85%|
|Bank of Baroda||10.25% – 15.6%|
|HDFC Bank||10.75% – 21.30%|
|ICICI bank||11.25% – 21.00%|
|Canara Bank||11.25% – 13.90%|
|Axis Bank||12.00% – 24.00%|
|Compiled by BankBazaar.com. Data is indicative and not exhaustive. Loan criteria may vary as per bank’s t&c. The interest rate are based as per salaried individual for regular personal loan products. Banks are listed in ascending order on the basis of interest rate i.e. bank having lowest starting interest range is placed at top and highest at the bottom. Bank’s are selected on the basis of their asset size as per latest available information and its accuracy is not warranted. Banks for which data is not available on their website are excluded from the list. Data collected from respective bank’s website as on 27 Aug 2020″|