Check Personal Loan Interest Rates Of Top 10 Banks On Rs. 1 Lakh Loan

© Provided by BankBazaar.com Image source: schantalao/Freepik Personal loans are popular as they come handy during various kinds of financial emergencies.  A personal loan is unsecured and so don’t require a collateral. Your loan eligibility depends on your income, repaying capacity, credit score etc. When you decide to take a […]



Image source: schantalao/Freepik


© Provided by BankBazaar.com
Image source: schantalao/Freepik

Personal loans are popular as they come handy during various kinds of financial emergencies.  A personal loan is unsecured and so don’t require a collateral. Your loan eligibility depends on your income, repaying capacity, credit score etc. When you decide to take a personal loan, it would be a smart idea to compare personal loans from various lenders on factors such as interest rates, processing fees, other charges to grab the best deal

If you are planning to take a personal loan from the top 10 banks (as per asset size), here is the list of interest rates they are offering.

     

Interest Rates on Personal Loan
(For Top 10 Banks By Asset Size)
EMI on Loan Up to Rs. 100000 for 3 year Tenure
Lender’s Name

Interest Rate

(% Pa)

EMI (In Rs)
Punjab National Bank 8.80% – 11.65% ₹ 3171 – ₹ 3305
Union Bank 8.90% – 12.00% ₹ 3175 – ₹ 3321
State Bank of India 9.60% – 13.85% ₹ 3208 – ₹ 3410
Bank of Baroda 10.25% – 15.6% ₹ 3238 – ₹ 3496
HDFC Bank 10.75% – 21.30% ₹ 3262 – ₹ 3783
Kotak Bank >=10.75% >= ₹ 3262
ICICI Bank 11.25% – 21.00% ₹ 3286 – ₹ 3768
Canara Bank 11.25% – 13.30% ₹ 3286 – ₹ 3384
Bank Of India 11.35% – 12.35% ₹ 3290 – ₹ 3338
Axis Bank 12.00% – 24.00% ₹ 3321 – ₹ 3923
Compiled by BankBazaar.com The EMI range is indicative and not exhaustive. 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 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 or partially available on their website are excluded from the list. Data collected from respective bank’s website as on 13 Aug 2020

BankBazaar.com, India’s leading online marketplace for loans and credit cards. 

Need help in calculating your EMI? Use BankBazaar’s easy Personal Loan EMI calculator.

Source Article

Next Post

Hedge Funds in Long Haul to Tackle Lack of Black Money Managers | Investing News

LONDON (Reuters) – When the death of George Floyd forced companies to reflect on why there were so few Black people in their senior ranks, top banks and private equity firms pledged to do better. But one corner of the finance world – the hedge fund industry – made fewer […]