Personal Loan Interest Rates Offered By Banks

Personal Loan Interest Rates Offered By Banks

Personal loans come to anyone’s rescue during unannounced emergencies. Whether there is an unexpected expense during a wedding preparation or renovation in your house, a personal loan can help you with immediate funds.

Personal loans are typically unsecured in nature, which means a security need not be pledged as a collateral for it.

It is important to note that your personal loan eligibility depends on your income, repaying capacity, credit score etc.

Take a look at some of the personal loan interest rates offered by different banks and lending institution.

Lender’s Name Floating Rate
Allahabad Bank 10.45-12.95
Axis Bank 15.5- 24
Bank of India 11.0-14.0
Bank of Maharashtra 12.75
Central Bank 11.25-12.5
Corporation Bank 12.85- 13.85
HDFC Bank 15.0- 20.99
Karnataka Bank 11.15 -14.15
Punjab National Bank 11.25-15
State Bank of India 10.75- 16.8
UCO Bank 10.7- 12.7
United Bank of India 13.45- 14.2
Bajaj FinServ 12.99% onwards
Citi Bank 10.99- 13.99
Kotak Mahindra Bank 10.99-24
Note :
The interest rate are based as per salaried individual & Pensioners for unsecured personal loan. Actual applicable interest rate may vary based on the credit profile, loan amount, tenure, company one work for and as per bank’s discretion.
Data taken from respective bank’s website as on 02 Aug 18


Source:- yahoo