COMPARE BEST OFFERS OF PERSONAL LOAN ACROSS DIFFERENT BANKS

Personal loan

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A Personal loan is an immediate finance provided by the lender to the borrower. The borrower can avail personal loan from any lending institution, private sector bank as well as from government sector banks. Personal loan interest rates vary according to banks and customer profile. Some Institutions provide special offers to their regular customers like affordable interest rates, low processing fee, affordable EMIs and long tenure period. Check interest rates offered by different banks in the country.

Personal Loan Interest Rates

Personal Loan Interest Rates
BANK/NBFC Interest Rate Processing Fees
HDFC Bank Personal Loan 10.99% - 20.00% Up to 2.50% of the loan amount  min of Rs.1,999 & Max Rs.25k
Yes Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount mini Rs.999 + taxes
ICICI Bank Personal Loan 11.50% - 16.75% Up to 2.25% per annum of loan amount plus GST
Bajaj Fiserv Personal Loan 12.00% - 16.00% Up to 3.99% of the loan amount
Kotak Mahindra Bank Personal Loan 11.00% - 24.00% Up to 2.5% of the loan amount + GST and other applicable statutory levies
TATA Capital Personal Loan 11.75%-19.00% From Rs.999/- Up to 2.0% of the loan amount and applicable Service Tax
IndusInd Bank Personal Loan 11.49% - 20.00% Up to 2.50% of the loan amount plus tax
Axis Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Bank Of Baroda Personal Loan 12.99% - 20.00% Up to 2% of the loan amount plus GST
Andhra Bank Personal Loan 14.00% - 20.00% 1.5% of the loan amount (Non-Refundable fee of Rs 7500 Upfront, Rest at the time of disbursal)
Citibank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
ICICI Personal Loan 11.69% - 15.00%  Up to 2.0% of the loan amount
Indian Overseas Bank Personal Loan 11.75%-19.00% From Rs.999/- Up to 2.0% of the loan amount and applicable Service Tax
ING Vysya Bank Personal Loan 11.49% - 20.00% Up to 2.50% of the loan amount plus tax
Karnataka Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Karur Vysya Bank Personal Loan 12.99% - 20.00% Up to 2% of the loan amount plus GST
Kotak Mahindra Bank Personal Loan 14.00% - 20.00% 1.5% of the loan amount (Non-Refundable fee of Rs 7500 Upfront, Rest at the time of disbursal)
Oriental Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Punjab National Bank Personal Loan 11.69% - 15.00%  Up to 2.0% of the loan amount
SBI Personal Loan 10.99% - 20.00% Up to 2.50% of the loan amount subject to a minimum of Rs.1,999/- & Maximum of Rs.25000/-
South Indian Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Allahabad Bank Personal Loan 11.50% - 16.75% Up to 2.25% per annum of loan amount plus GST
State Bank Of Indore Personal Loan 12.00% - 16.00% Up to 3.99% of the loan amount
State Bank of Mysore Personal Loan 11.00% - 24.00% Up to 2.5% of the loan amount + GST and other applicable statutory levies
State Bank of Patiala Personal Loan 11.75%-19.00% From Rs.999/- Up to 2.0% of the loan amount and applicable Service Tax
State Bank Of Travancore Personal Loan 11.49% - 20.00% Up to 2.50% of the loan amount plus tax
Syndicate Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Tamilnad Mercantile Bank Personal Loan 12.99% - 20.00% Up to 2% of the loan amount plus GST
UCO Bank Personal Loan 14.00% - 20.00% 1.5% of the loan amount (Non-Refundable fee of Rs 7500 Upfront, Rest at the time of disbursal)
Union Bank Of India Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Vijaya Bank Personal Loan 11.69% - 15.00%  Up to 2.0% of the loan amount
Fullerton Personal Loan 11.75%-19.00% From Rs.999/- Up to 2.0% of the loan amount and applicable Service Tax
Standard Chartered Bank Personal Loan 11.49% - 20.00% Up to 2.50% of the loan amount plus tax
Kotak Mahindra Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Andhra Bank Personal Loan 12.99% - 20.00% Up to 2% of the loan amount plus GST
Allahabad Bank Personal Loan 14.00% - 20.00% 1.5% of the loan amount (Non-Refundable fee of Rs 7500 Upfront, Rest at the time of disbursal)
Vijaya Bank Personal Loan 10.75% - 16.99% Up to 2.50% of the loan amount subject to a minimum of Rs.999/- plus taxes
Citibank Bank Personal Loan 11.69% - 15.00%  Up to 2.0% of the loan amount

 

CIBIL score required 

CREDIT SCORE CHART
Score Grading APRs
720 and Above  Excellent  10.03% - 12.05%
680 to 719 Good 13.05% - 15.05%
620 to 679 Average 17.08% - 19.09%
580 to 619 Poor 19.9% - 21.09 %
500 to 579 Bad 21.09%- 24.07%
Less than 500 Miserable 28.05% - 32.00%

 

How to avail the lowest personal loan Interest Rates?

Following are the features of lowest interest rates:

Company Profile: The company profile may impact a lot in terms of interest rates. Banks have categorized the companies in different categories. They offer interest rates as per the category of company. So, if you are looking for a good deal, do check your company category.

Online Comparison: Person should do detailed research online to compare the interest rates of all lenders. It helps the borrower to choose the best lender that suits their requirements. A person can use various tools like EMI Calculator, online comparison portals, loan helplines, etc.

Negotiate with the lender: In case a consumer is already a customer of the lender, then chances of getting a good discount on interest rates will be more.

Co-borrower: If a borrower’s credit rating is low then, the borrower can merge the income of spouse/father/mother to increase the loan eligibility.

Personal Loan Eligibility

Age: Minimum 21 years Maximum 60 years / Minimum 25 years Maximum 65 years
Salary: Rs.15,000 (Monthly)
ITR: An Annual ITR of 2.5 to 3 lakh is required
Work Experience: Overall 3 years and one year of experience in the current job
Business Stability: Your business should be running from last 3 years with continuous profit
Telephone / Mobile at the office

Document Required

Identity Proof: Passport Copy/ Voters ID card/ Driving License/Adhaar card/PAN card.
Address Proof: Ration card/ Tel, Electricity Bill/Adhaar card/PAN card Rental bill/ Passport copy/Trade license /Shop & Est. License/Sales Tax certificate/the rental agreement
Signature Proof: Passport Copy/Driving License/Banker's verification/cheque
Income Proof: ITR of Last 3 years for self-employed and salary slip of last 6 months for employed
2 passport size photographs

Disclaimer: The information provided on www.dialabank.com is collected from public sources and is believed to be accurate and genuine. This site should be used as an information provider for different product offerings of Insurance companies and the visitor should make an independent verification with the Insurance companies to verify the claims made in the policy before making any purchase. The decision to Apply and/or Purchase a policy is at the sole and complete discretion of the website visitor and Dialabank.com cannot guarantee or can be held liable for loss or damage caused by claims made by insurance companies through their agents, partners, products or services, directly or indirectly.