Cheapest personal loan: If you are in need of money, then personal loan is easily available. But it is expensive. But currently 10 banks are offering the cheapest personal loan. Let us know their interest rates.
- Bank of India personal loan
Bank of India is currently charging an initial interest rate of 10.25 percent on personal loans. The bank gives loans up to a maximum of Rs 20 lakh for a maximum tenure of 84 months.
2. IndusInd Bank personal loan
IndusInd Bank currently offers personal loans ranging from Rs 30,000 to Rs 50 lakh. The bank is charging an initial interest of 10.25 percent on this. The bank offers personal loans for a maximum tenure of 1 year to 6 years.
3. PNB Personal Loan
Punjab National Bank currently offers personal loans up to Rs 10 lakh. The bank is currently charging interest ranging from 10.4 percent to 16.95 percent on personal loans. The bank offers personal loans for a maximum tenure of 60 months.
4. Axis Bank Personal Loan
The introductory interest rate for Axis Bank Personal Loan currently starts from 10.49 percent. Bank personal loans can be availed for a maximum tenure of 60 months.
5. IDFC FIRST Bank Personal Loan
IDFC First Bank is currently charging an initial interest rate of 10.49 percent on personal loans. The bank offers personal loans ranging from 6 months to 5 years. At the same time, a personal loan of up to Rs 1 crore can be taken from the bank.
6. HDFC Bank Personal Loan
HDFC Bank is currently charging interest ranging from 10.5 percent to 24 percent on personal loans. The bank offers personal loans for a maximum period of 5 years. A maximum personal loan of up to Rs 40 lakh can be availed from the bank.
7. Karur Vysya Bank Personal Loan
Karur Vysya Bank offers personal loans up to Rs.10 lakh. The bank’s personal loan interest rates start from 10.5 percent to 13.5 percent.
8. IDBI Bank Personal Loan
IDBI Bank offers personal loans up to a maximum of Rs 50 lakh. Personal loan can be taken from the bank for up to 60 months. The bank charges interest ranging from 10.5 percent to 15.5 percent.
9. ICICI Bank Personal Loan
ICICI Bank is currently charging interest ranging from 10.75 percent to 19 percent on personal. The bank offers personal loans up to a maximum of Rs 50 lakh. Personal loan can be taken from the bank for a maximum period of 6 years.
10. Bank of Maharashtra Personal Loan
Personal loan up to Rs 20 lakh can be availed from Bank of Maharashtra. The personal loan interest rate of this bank starts from 10 percent. The bank gives loan for a maximum period of 84 months.
