Planning to take a personal loan? Know where to get the cheapest loan

A personal loan is one way in which you can use your future income today. Let us know in which banks you are getting the lowest interest rate on personal loan at present.

personal loan

personal loan (Personal Loan) There is a way in which you can earn future income (Income) Can use today. And the process present in it is very easy. But you should keep in mind that the interest rates present in it ,Interest Rates, Car loans are much more than that. This is because personal loan unsecured loan (Unsecured Loan) It happens. This means that there is no asset backing on the loan. The loan amount and interest rate depend on certain factors like your income, existing credits, repayment capacity etc. Since personal loans are available with higher interest rates, you may suffer losses due to frequent defaults. Let us know in which banks you are getting the lowest interest rate on personal loan at present.

Here the loan amount is considered to be Rs 1 lakh and the tenure is 5 years.

Punjab National Bank

Interest Rate: 7.90 to 14.15 per cent EMI: Rs 2,023 to 2,350 Processing Fee: From January 1, 2022 to March 31, 2022 Completely exempt

Indian Bank

Interest Rate: 9.05 to 13.65% EMI: Rs 2,078 to 2,309 Processing Fee: 1% of the loan amount

Union Bank of India

Interest Rate: 9.30 to 13.40 per cent EMI: Rs 2,090 to 2,296 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 per cent EMI: Rs 2,098 to 2,265 Processing Fee: 1% of the loan amount plus GST (minimum Rs 1,000)

IDBI Bank Limited

Interest Rate: 9.50 to 14% EMI: Rs 2,100 to 2,327 Processing Fee: 1% of the loan amount (minimum Rs 2,500)

Punjab And Sind Bank

Interest Rate: 9.50 to 11.50 per cent EMI: Rs 2,100 to 2,199 Processing Fee: 0.50 per cent to 1 per cent of the loan amount plus GST

State Bank Of India (SBI)

Interest Rate: 9.60 to 13.85 percent EMI: Rs 2,105 to 2,319 Processing Fee: From 15 August 2021 to 31 March 2022, full waiver has been given.

Central Bank Of India

Interest Rate: 9.85 to 10.05 per cent EMI: Rs 2,117 to 2,149 Processing Fee: Up to 1% of the loan amount

Indian Overseas Bank

Interest Rate: 10.00 to 12.05 per cent EMI: Rs 2,125 to 2,227 Processing Fee: 0.40 per cent to 0.75 per cent of the loan amount

Axis Bank

Interest Rate: 10.25 to 21.00 per cent EMI: Rs 2,137 to 2,705 Processing Fee: Minimum Processing Fee is Rs 3,999

HDFC Bank

Interest Rate: 10.25 to 21.00 per cent EMI: Rs 2,137 to 2,705 Processing Fee: Up to 2.50 per cent of the loan amount, minimum Rs 2,999 and maximum Rs 25,000

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