When it comes to personal loan, banks and non-banking finance companies offer different interest rates. It can be less than one. One can have more. Let’s see the personal loan interest rates for salaried people and businessmen in which banks. Let’s find out the details of how much, how much time and how much interest to pay in all 10 banks.
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- Bank of India has the lowest interest rate when it comes to personal loan interest rate. Here, if you get a loan up to Rs.20 lakh, you have to pay an interest rate of 9.10 percent or more for a period of 84 months, i.e. 7 years.
- The same is 9.25 percent or more in Bank of Maharashtra.
- Punjab National Bank personal loan up to Rs.10 lakh .. 10.15 percent to 16.70 percent for 5 years period.
- Karur Vysya Bank offers a personal loan of up to Rs.10 lakh for a tenure of 12-60 months at an interest rate of 10.20 percent to 13.20 percent.
- IDBI Bank from Rs.25 thousand to Rs. The interest rate for loans below Rs 5 lakh is 10.25 per cent to 15.50 per cent for tenure of 12-60 months.
- Federal Bank’s personal loan up to Rs 25 lakh has an interest rate of 10.49 per cent to 17.99 per cent for a four-year tenure.
- IDFC First Bank Rs. A personal loan up to Rs 10 crore will incur an interest rate of over 10.49 per cent for a tenure of 6-60 months.
- IndusInd Bank Rs. 30,000 to Rs.25 lakh personal loan for 12-60 months period from 10.49 percent to 26.50 percent.
- Indian Bank has an interest rate of 10.65 percent to 12.15 percent for a personal loan of Rs.50 thousand to Rs.5 lakh for a period of 12-36 months.
- In ICICI Bank, however, Rs.50 thousand to Rs. For a personal loan of less than 50 lakhs, the interest rate is 10.75 percent to 19 percent for a tenure of 12 to 72 months.
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The most important thing to remember is that if our credit score is good, we can get a higher loan amount with a lower interest rate. That is why it is important to remember that the credit score report should be good. For example, if the credit score is less than 750, chances of getting a personal loan are difficult. If you get a small amount of loan or have to pay a high interest rate, it will happen. So make sure that the credit score is good. Only then will you be able to get a higher loan amount and pay a lower interest rate. It can ensure a good credit profile in the future as well.
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