Let us know in which bank you are getting the best personal loan. Here the interest rate on the loan amount of Rs 1 lakh and the tenure of five years is being told.
Best Personal Loan Interest Rates: Personal loan helps a person when he needs money in an emergency. The process to achieve this is also very easy. But you also need to keep in mind that its interest rates are high. These are even more than car loans. This happens because these are unsecured loans. The loan amount and interest rate depend on certain parameters, including your income, existing credit. Repayment capacity etc. If you too are in need of some money in the near term and you are thinking of taking a personal loan, then let us know in which bank you are getting the best personal loan. Here the interest rate on the loan amount of Rs 1 lakh and the tenure of five years is being told.
Punjab National Bank
Interest Rate: 8.45 to 13.80 percent
Processing fee: There is complete exemption on bank processing fee from 1st September to 31st December 2021.
Indian Bank
Interest Rate: 9.05 to 13.65 percent
Processing fee: 1% of the loan amount has to be paid as processing fee.
Union Bank of India
Interest Rate: 9.30 to 13.40 percent
Processing Fee: Up to 0.50 per cent of the loan amount (minimum Rs.500) plus applicable GST.
Bank Of Maharashtra
Interest Rate: 9.45 to 12.80 percent
Processing Fee: GST (minimum Rs 1,000) plus one per cent of the loan amount, is nil for BPCL employees.
Punjab And Sind Bank
Interest Rate: 9.50 to 11.50 percent
Processing fee: 0.50% to 1% of the loan amount plus GST.
IDBI Bank Limited
Interest Rate: 9.50 to 14.00 percent
Processing Fee: 1% of the loan amount (minimum Rs.2,500).
State Bank Of India (SBI)
Interest Rate: 9.60 to 13.85 percent
Processing Fee: 1.50 per cent of the loan amount (minimum Rs 1,000 and maximum Rs 15,000) plus GST.
Central Bank Of India
Interest Rate: 9.85 to 10.05 percent
Processing Fee: Up to 1% of the loan amount will have to be paid.
Nainital Bank
Interest Rate: 10.00 to 10.50 percent
Processing Fee: Up to 1% of the loan amount plus GST to be paid.
South Indian Bank
Interest Rate: 10.25 to 14.15 percent
Processing Fee: Up to 2% of the loan amount plus GST.
HDFC Bank
Interest Rate: 10.25 to 21.00 percent
Processing fee: Up to 2.50 per cent of the loan amount (minimum Rs 2,999 and maximum Rs 25,000) to be paid.
Kotak Mahindra Bank
Interest Rate: 10.25 to 24.00 percent
Processing Fee: Up to 2% of the loan amount plus GST. In this, a minimum of Rs 2,999 has been kept under the special offer.
UCO Bank
Interest Rate: 10.30 to 10.55 percent
Processing Fee: Up to 1 percent of the loan amount (minimum Rs 750) has to be paid.
