This bank, not SBI-PNB, is offering the lowest personal loan! installment is Rs 1 lakh

Date:

Share:

The simplest solution in the event of an unexpected financial necessity is a personal loan. If you’re considering getting a personal loan as well, you should be aware of bank processing costs and interest rates. Personal loans from banks typically have higher interest rates. Your employment status, bank relationship, and credit score can all have an impact on the interest rate.

bank

The second-biggest private bank

in the nation, ICICI Bank levies annual interest rates on personal loans ranging from 10.65% to 16 percent. The processing fee levied by the bank is 2.50% + tax.

bankThe biggest private bank in the nation is called HDFC Bank.

The bank charges between 10.5 and 24 percent in interest on personal loans. However, there is a set processing cost of Rs 4,999.

bankCorporate applicants are charged 12.30 to 14.30 percent

interest by the State Bank of India (SBI). Employees of government departments are subject to interest rates ranging from 11.30 to 13.80 percent. For workers in the defense industry, it ranges from 11.15 to 12.65% annually.

bank

Government workers

can apply for loans from the Bank of Baroda at interest rates ranging from 12.40 to 16.75 percent annually. In addition, loans from private sector employers have yearly interest rates ranging from 15.15 to 18.75 percent.

bankPNB offers

loans to customers at interest rates ranging from 13.75 to 17.25 percent annually, contingent upon creditworthiness. Employees of the government are eligible for interest rates ranging from 12.75 percent to 15.25 percent.

bank

For personal loans,

Kotak Mahindra Bank levies an annual minimum interest rate of 10.99 percent. However, the loan fee increases to almost 3 percent after taxes and administrative fees are added.

bank

For personal loans,

Axis offers interest rates that range from 10.65% to 22% annually. Personal loans are offered by IndusInd Bank at an annual percentage rate of 10.49 percent. The charges a 3 percent processing fee for loans between Rs 30,000 and Rs 50 lakh.

bankThe monthly installment

for a five-year loan with an interest rate of 10.50 percent is Rs 2149. The EMI rises to Rs 2224 if the interest rate for the same time and amount is 12%. An EMI of Rs 2379 is payable at 15% interest. The interest on the EMI climbs to Rs 2485 at 17 percent and to Rs 2539 at 18 percent.

Read More: The third smartphone from Nothing will soon be available! Fast charging & much more

🔥🔥 Join Our Group For All Information And Update, Also Follow me For Latest Information🔥🔥
🔥 Facebook Page                  Click Here
🔥 Twitter                               Click Here
🔥 Instagram                  Click Here

Subscribe to our magazine

More Like This

Bihar Constable Recruitment 2025: 19,838 Posts – Apply Now!

It is recommended that candidates who are applying online for this position read the application carefully once before submitting their application. Because the application...

Bank of India Recruitment 2025: Apply Now, Deadline Approaching

Bank of India is now accepting applications for a large number of apprentice positions. Candidates can apply for this position by going to the...

Maruti Brezza EMI: Monthly Cost & Full Details Revealed

The Maruti Brezza EMI Calculator: The Maruti Brezza is a popular automobile among Indians. Both gasoline and CNG versions of this vehicle are available....

IIT knowledge for free: 5 courses for entrepreneurs on Startup India

Free Entrepreneurship Course: Since becoming an entrepreneur needs careful preparation and concentration, the obstacles and competition are also growing. Startup and Entrepreneurship Courses: For a...

JEE Main 2025 Session 2 Schedule Out! Exam to Be Held in April

Exam for JEE Main Session 2: The schedule for the second JEE Main 2025 session has been made public by the National Testing Agency...

LEAVE A REPLY

Please enter your comment!
Please enter your name here