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Want Personal Loan? Check The Interest Rates Offered By Top 10 Banks

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
For Top 10 Banks By Market Capitalisation
EMI on Loan Up to Rs. 1,00,000 for 4 year Tenure
Lender’s Name Floating Rate EMI (In Rs)
HDFC Bank 15.5 – 21.5 2808 – 3124
Kotak Bank 10.5 – 30.0 2560 – 3601
ICICI Bank 11.25 – 22.0 2597 – 3151
SBI 10.75 – 15.15 2572 – 2791
Axis Bank 12.0 – 24.0 2633 – 3260
Punjab National Bank 10.3 – 14.85 2551 – 2775
Bank Of India 10.85 – 13.85 2577 – 2725
IDBI Bank 10.0 – 14.0 2536 – 2733
Federal Bank 11.99 – 18.0 2633 – 2938
Canara Bank 11.6 – 14.85 2614 – 2775
     
Compiled by BankBazaar.com via respective bank’s website as on 18 Sep 19.
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. Banks are listed in descending order of their market capaitalisation value. Banks for which data is not available on their website are excluded from the list.