Lowest Personal Loan Interest Rates

The personal loan interest rates range between 9.50% p.a. and 40.00% p.a. Depending on the loan amount availed by you, your credit score, and repayment tenure, the rate of interest on your loan is decided. If you maintain a high credit score and have a good relationship with the bank, then the interest rate on your personal loan can be lowered. Use of personal loans for the end use of personal expenses, for higher education, for foreign travel, for travel holidays, buying high-end consumer sustainable, paying children’s tuition fees, marriage at home etc. is done.

 

But one thing in personal debt is negative, its interest rates are higher on the same side as car loans, home loans are available at 6.70% – 10% maximum but personal loan rates start at a minimum 11% for those who have per month There is a salary of 6 points and high CAT A, working in super MNC companies and up to 22.00% for self-employed.

व्यक्तिगत ऋण दरें हिंदी में जांचें

Personal loans are unsecured loans hence the document is on the higher side and the Cibil score is above 750, the bank will have to clear its personal loan.

List of Banks offers Lowest Personal Loan Interest Rates 2024

Name of bank	Rate of interest	Processing fee
Dhanalakshmi Bank	10.20% – 10.70%	2.5% of loan amount or 1250 + GST ​​minimum
Oriental Bank of Commerce	10.40% – 12.40%	Loan amount 0.50%
Yes Bank	10.75% – 17.50%	Loan amount 2.5%
IndusInd Bank	10.75% – 30.50%	Loan amount 2.5%
State Bank of India (SBI)	10.95% – 17.00%	Loan amount 1%
HDFC Bank Limited	10.99% – 20.00%	Loan amount 2.5%
ICICI Bank Limited	10.99% – 20.00%	Loan amount 2.25%
Kotak Mahindra Bank	10.99% – 24.00%	Loan amount 2.5%
UCO Bank	11.30% – 11.55%	1% of loan amount or maximum 1000 / GST
Bank of Baroda	11.50% – 14.50%	2% loan amount or maximum 10000 + GST
Central bank of India	11.60%	500 + GST
Indian Overseas Bank	11.75% – 13.50%	0.40% to 0.50% + GST

Ahmedabad, Aurangabad, Thiruvananthapuram, Trivandrum, Amritsar, Agra, Allahabad, Bangalore, Baroda, Bhiwadi, Bhopal, Bhubaneshwar, Chandigarh, Rewari, Chennai, Cochin, Coimbatore, Cuttack, Dehradun, Delhi, Faridabad, Ghaziabad, Gurgaon, Guwahati, Hosur, Hyderabad, Indore, Jabalpur, Jaipur, Jamshedpur, Kanpur, Kochi, Kolkata, Lucknow, Ludhiana, Madurai, Mangalore, Mysore, Mumbai, Nagpur, Nashik, Navi Mumbai, Noida, Patna, Pune, Ranchi, Roy Ur, Sahibabad, Surat, Thane, Trichy, Vadodara, Visakhapatnam, Vizag

Personal loan interest rates can vary widely depending on several factors, including:

• Your credit score: The higher your credit score, the lower the interest rate you’re likely to receive.
• The loan amount: Larger loan amounts may qualify for lower interest rates.
• The loan term: Shorter loan terms typically have lower interest rates than longer terms.
• The lender: Different lenders offer different interest rates, so it’s important to compare rates from several lenders before applying.

In general, personal loan interest rates in India currently range from 9.99% p.a. to 36% p.a.. However, most banks charge personal loan interest rates between 10.50% to 24% p.a..