Personal Loan Interest Rate: Recently, the RBI cut the repo rate, following which many banks have reduced their loan interest rates. Let’s explore which banks are offering personal loans to their customers at what interest rates following the repo rate cut.
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Personal Loan Interest Rate: Banks offer various types of loans to meet people’s needs. One such loan is a personal loan. Personal loans are offered by banks to meet personal needs. If you are planning to take out a personal loan from a bank to meet your personal needs, we would like to inform you that a personal loan is an unsecured loan, which is why the interest rates on this loan are high. Therefore, if you are planning to take out a personal loan, it’s important to first learn about the personal loan interest rates of different banks before taking out a loan.
Recently, the RBI cut the repo rate, following which many banks have reduced their loan interest rates. Let’s explore which banks are offering personal loans to their customers at what interest rates after the repo rate cut.
SBI Personal Loan
Regarding the personal loan interest rates of SBI, the country’s largest public sector bank, after the repo rate cut, SBI offers its customers personal loans at a starting interest rate of 10.05 percent. This interest rate can change depending on your CIBIL score and loan amount.
HDFC Bank Personal Loan
Regarding the personal loan interest rates of HDFC Bank, the country’s largest private sector bank, HDFC Bank offers its customers personal loans at interest rates ranging from 10.90 percent to 24 percent. These interest rates can also change depending on your CIBIL score.
BOB Personal Loan
Regarding the personal loan interest rates of Bank of Baroda, the country’s leading public sector bank, BOB offers its customers personal loans at a starting interest rate of 10.15 percent. These interest rates can also change depending on your CIBIL score and loan amount.
Canara Bank Personal Loan
Regarding personal loan interest rates from Canara Bank, the country’s leading public sector bank, Canara Bank offers personal loans to its customers at an interest rate starting at 9.25 percent. These interest rates can vary depending on your CIBIL score and loan amount.
ICICI Bank Personal Loan
ICICI Bank is one of the largest private banks in the country. ICICI Bank offers personal loans to its customers at an interest rate starting at 10.45 percent. These interest rates can also vary depending on your CIBIL score and loan amount.
