Personal loan proves to be very effective for you at a time when you are in dire need of money. Also, nothing happens to pledge you. In this situation, personal loan comes in handy.
Personal loan proves to be very effective for you at a time when you are in dire need of money. Also, nothing happens to pledge you. In this situation, personal loan comes in handy. If you too are thinking of a personal loan then you must be thinking from which bank it would be better to take a loan. If this is the case, then we are mainly telling you about the personal loans of all banks and their rate of interest, so that you can compare yourself in which bank it would be better to take a loan.
In such a situation, we are telling you by taking a sample size of a loan of 1 lakh rupees, how much interest you will have to pay and how much rupees EMI will come in a month. In this, EMI has been calculated according to 5 years. Let’s know how cheap personal loan is in which bank…
Central Bank of India
According to The Mint report, the rate of interest in the Central Bank of India is 8.35-10.20 percent. On a loan of one lakh, you will have to pay an EMI of up to Rs 2044 – 2135. At the same time, the processing fee is 500 rupees plus tax.
Punjab National Bank
The rate of interest in Punjab National Bank is 8.45-14.00 per cent. On a loan of one lakh, you will have to pay EMI up to Rs 2049- 2327. At the same time, 1% of the loan amount and GST will have to be paid for processing fees.
Bank of Maharashtra
The rate of interest in Bank of Maharashtra is 8.55-10.55 per cent. On a loan of one lakh, you will have to pay an EMI of up to Rs 2054 – 2152. At the same time, 1% of the loan amount and GST will have to be paid for processing fees.
Indian Bank
The rate of interest in Indian Bank is 9.30-14.65 per cent. On a loan of one lakh, you will have to pay EMI up to Rs 2078- 2361.
Union Bank of India
The rate of interest in Union Bank of India is 9.30-13.40 per cent. On a loan of one lakh, you will have to pay an EMI of up to Rs 2090 – 2296. At the same time, 0.50 percent of the loan amount and GST will have to be paid for processing fees.
State Bank of India
The rate of interest in State Bank of India is 9.60–15.65 percent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2105- 2413. At the same time, 1.50 percent of the loan amount and GST will have to be paid for processing fees.
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Bank of baroda
The rate of interest in Bank of Baroda is 9.85-15.45 percent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2117- 2403. At the same time, 2% of the loan amount and GST will have to be paid for processing fees.
Nainital Bank
The rate of interest in Nainital Bank is 10.00-10.50 percent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2125 – 2149. At the same time, 1% of the loan amount and GST will have to be paid for processing fees.
Uco bank
The rate of interest in UCO Bank is 10.30-10.55 per cent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2139 – 2227. At the same time, 1% of the loan amount and GST will have to be paid for processing fees.
Indian Overseas Bank
The rate of interest in Indian Overseas Bank is 10.30-12.05 percent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2139 – 2227. At the same time, 0.40 percent to 0.75 percent of the loan amount and GST will have to be paid for processing fees.
Bank of india
The rate of interest in Bank of India is 10.35-12.35 per cent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2142- 2242. At the same time, 2% of the loan amount and GST will have to be paid for processing fees.
Kotak Mahindra Bank
The rate of interest in Kotak Mahindra Bank is 10.40-24.00 per cent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2144- 2877. At the same time, 2% of the loan amount and GST will have to be paid for processing fees.
Federal Bank
The rate of interest in Federal Bank is 10.49-17.99 percent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2149-2539. At the same time, 3% of the loan amount and GST will have to be paid for processing fees.
IDFC First Bank
The rate of interest in IDFC First Bank is 10.49-18.00 per cent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2174-2539. At the same time, 2% of the loan amount and GST will have to be paid for processing fees.
Axis Bank
The rate of interest in Axis Bank is 10.49-18.00 per cent. On a loan of one lakh, you will have to pay several EMIs up to Rs 2149 – 2877. At the same time, 1.50 percent of the loan amount and GST will have to be paid for processing fees.
