Personal Loan Interest Rate: These five banks are offering personal loans at the lowest rates, check the complete list here

Personal Loan Interest Rate: Top-5 banks of the country are offering personal loans at affordable rates. We are giving you this information.

We are telling you about the top-5 such banks which are offering personal loans to their customers at affordable rates.

Personal Loan: If you need money in emergency then personal loan is a great option. This is an unsecured loan. In such a situation, its interest rates are higher than home loan and car loan. In such a situation, we are telling you about five such banks which are offering personal loans at affordable rates.

1. HDFC Bank is charging interest ranging from 10.75 percent to 24 percent for tenure of 3 to 72 months on personal loans up to Rs 40 lakh. The bank is also charging Rs 4999 as processing fee.
2. State Bank of India is offering personal loans up to Rs 20 lakh at an introductory rate of only 11.15 percent.
3. ICICI Bank is charging interest ranging from 10.65 percent to 16 percent from customers on personal loans. Apart from this, customers will have to pay 2.50 percent of the loan amount as processing fee.
4. Kotak Mahindra Bank is offering personal loans at the rate of 10.99 percent for loan amounts ranging from Rs 50,000 to Rs 40 lakh. Along with this, the bank is charging 3 percent of the loan amount as processing fee.
5. Punjab National Bank, the second largest public sector bank, is offering interest rates ranging from 12.75 percent to 17.25 percent.

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