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.|