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Want Personal Loan? Check The Interest Rates Offered By Banks

Team BankBazaar


Personal loans come to anyone’s rescue 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 some of the personal loan interest rates offered by different banks and lending institution.

EMI range based on Loan Amount Rs 100000 for tenure of 4 years

 

Lender’s Name Floating Rate EMI (In Rs)
     
Allahabad Bank 10.5-13 2560 – 2683
Axis Bank 15.75- 24 2821 – 3260
Bank of India 11.1-14.1 2589 – 2738
Bank of Maharashtra 12.75 2670
Central Bank 11.35- 12.6 2602 – 2663
Corporation Bank 12.95- 13.95 2680 – 2730
HDFC Bank 15.0- 20.99 2793 -3096
Karnataka Bank 12.7 -14.15 2668- 2740
Punjab National Bank 11.25-15 2597 – 2783
State Bank of India 11- 17.05 2585 – 2888
UCO Bank 10.8- 12.8 2575 – 2673
United Bank of India 13.5- 14.25 2705- 2743
Bajaj FinServ 12.99% onwards >2682
Citi Bank 10.99- 13.99 2584 – 2732
Kotak Mahindra Bank 10.99-24 2584 – 3260

Note :  The EMI range is indicative and calculated on the basis of interest rate range as provided in the table. In an actual situation it may include other fees and charges. The interest rates are for salaried individuals and 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.                      

  Data taken from respective bank’s website as on 17 Oct 18.s

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