PNB and SBI
The cheapest personal loan is available in Punjab National Bank. The personal loan interest rates here range from 8.95 to 14.50 per cent per annum. On the other hand, if we talk about the State Bank of India, then the interest rates of personal loans in SBI range from 9.60 to 13.85 percent per annum.
IDBI Bank, HSBC Bank and Citibank
The interest rate on personal loan in IDBI Bank ranges from 9.50 to 14 percent per annum. At the same time, personal loans are being offered in HSBC Bank at an interest rate ranging from 9.75 to 15 percent per annum. Personal loan can be taken from Citi Bank at an interest rate ranging from 9.99 percent to 16.49 percent per annum.
Bank of Baroda, Federal Bank and IDFC First Bank
The interest rates on personal loans in the public sector Bank of Baroda are running from 10 to 15.60 per cent per annum. Personal loan in Federal Bank is being given at an interest rate ranging from 10.49 to 17.99 percent per annum. At the same time, in IDFC First Bank, this interest rate is starting from 10.49. The maximum interest rate is not known.
HDFC Bank and ICICI Bank
Both of them are big private sector banks and are included in the big banks of India. The interest rate on personal loan in HDFC Bank is running from 10.50 percent to 21 percent per annum. Personal loan is being offered in ICICI Bank at an interest rate ranging from 10.50 percent to 19 percent per annum.
Kotak Mahindra Bank and Tata Capital
Personal loan can be taken from Kotak Mahindra Bank at an interest rate ranging from 10.75 percent to 24 percent per annum. Tata Capital is a non banking finance company. In this, the interest rate on personal loan is starting from 10.99 percent per annum.
IndusInd Bank, Axis Bank and Bajaj Finserv
The interest rate for personal loan in IndusInd Bank is starting from 11% per annum. At the same time, personal loans are being offered in Axis Bank at an interest rate ranging from 12 to 21 percent per annum. Bajaj Finserv is a non-banking finance company. One can also take a personal loan from here, for which the interest rate is starting from 13 percent per annum.
Keep this point in mind
The interest rate for Digital Personal Loan starts from 10.50 per cent per annum. Those who have opted for credit life insurance will get an additional discount of 0.10 per cent on the applicable interest rate. The interest rates mentioned for personal loans are based on data collected as on 16 June 2021. Their source is paisabazaar.com.
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