Which Bank Has Lowest Interest Rate On Personal Loan
Personal Loan: Many People Are Looking For Loans For Their Current Financial Needs. The Most Favored Among Them Is For Personal Loan. If Used Very Wisely, It Can Help Improve Your Credit Score Profile As Well. A Personal Loan Can Also be Paid In EMIS (Monthly Installments). But Where To Get A Personal Loan? Which Bank Offers Personal Loan With Low Interest? Let’s Find Out.
Which Bank Has Lowest Interest Rate On Personal Loan
Personal Loan: These Days Many People Feel That No Matter How Much They Earn, There Is Nothing Left. It Means That The Expenses May Increase Or Increase, But Those Who Push With The Income To Have Enough Are Fools. That Is Why They Rely On Loans And Credit Cards For Other Needs. But Most Of Them Get Personal Loans And Pay in EMIs. A Personal Loan Is Very Helpful In Meeting The Financial Needs. It Can Also Lead To A Good Credit Score If We Use It Very Wisely. Also, This Personal Loan Can Be Paid In Monthly Installments In The Same EMIs.
Also Read – How To Apply For Personal Loan? Know The Details
When it Comes To Personal Loan, Banks And Non-Banking Finance Companies Offer Different Interest Rates. It Can Be Less Than One. One Can Have More. Let’s See The Personal Loan Interest Rates for Salaried People And Businessmen in Which Banks. Let’s Find Out The Details of How Much, How Much Time And How Much Interest To Pay In All 10 Banks.
Also Read – Personal Loan: How Much Money You Earn Monthly To Get Personal Loan?
Which Bank is Best For Personal Loan
- Bank of India Has The Lowest Interest Rate When it Comes To Personal Loan Interest Rate. Here, If You Get A Loan Up to Rs.20 Lakh, You Have To Pay An Interest Rate of 9.10% or More For A Period Of 84 Months, i.e. 7 Years.
- The Same Is 9.25% Or more in Bank of Maharashtra.
- Punjab National Bank Personal Loan Up To Rs.10 Lakh .. 10.15% to 16.70 Percent For 5 Years Period.
- Karur Vysya Bank offers a Personal Loan Of Up To Rs.10 Lakh For A Tenure Of 12-60 Months At An Interest Rate Of 10.20 Percent To 13.20 Percent.
- IDBI Bank From Rs.25 Thousand To Rs. The Interest Rate For Loans Below Rs 5 Lakh Is 10.25 Per Cent To 15.50 Per Cent For Tenure Of 12-60 Months.
- Federal Bank’s Personal Loan Up To Rs 25 Lakh Has an Interest Rate Of 10.49 Per Cent To 17.99 Per Cent For A Four-year Tenure.
- IDFC First Bank Rs. A Personal Loan Up To Rs 10 Crore Will Incur An Interest Rate Of Over 10.49 Per Cent For A Tenure Of 6-60 Months.
- IndusInd Bank Rs. 30,000 to Rs.25 Lakh Personal Loan For 12-60 Months Period From 10.49 Percent To 26.50 Percent.
- Indian Bank Has An Interest Rate Of 10.65 Percent to 12.15 Percent For A Personal Loan Of Rs.50 Thousand To Rs.5 Lakh For A Period of 12-36 Months.
- In ICICI Bank, However, Rs.50 Thousand to Rs. For A Personal Loan Of Less Than 50 Lakhs, The Interest Rate Is 10.75 Percent to 19 Percent For A Tenure Of 12 To 72 Months.
Also Read – Loan Repayment: Debt stress? Pay Easily With These Five Ways
The Most Important Thing To Remember Is That if Our Credit Score Is Good, We Can Get A Higher Loan Amount With A Lower Interest Rate. That Is Why It Is Important To Remember That The Credit Score Report Should Be Good. For Example, if The Credit Score Is Less Than 750, Chances Of Getting A Personal Loan Are Difficult. If You Get A Small Amount Of Loan Or Have To Pay A High Interest Rate, It Will Happen. So Make Sure That The Credit Score Is Good. Only Then Will You Be Able To Get A Higher Loan Amount And Pay A Lower Interest Rate. It Can Ensure A Good Credit Profile In The Future As Well.
