Get details on latest Personal Loan Interest Rates of all banks of India. Processing Fee ✔ Documents ✔ Amount ✔ Tenure ✔ Monthly EMI ✔ Instant Approval ✔ Prepayment Charges.
Personal loan is a type of credit facility the can be used for variety of purposes like – for education, travel, wedding, home renovation and more.
Table of Contents
- 1 Personal Loan Interest Rates 2018
- 2 Top Personal Loan Banks as per Interest Rates
- 2.0.1 SBI Personal Loan Interest Rates
- 2.0.2 HDFC Personal Loan Interest Rates
- 2.0.3 ICICI Bank Personal Loan Interest Rates
- 2.0.4 Axis Bank Personal Loan Interest Rates
- 2.0.5 Bajaj Finance Personal Loan Interest Rates
- 2.0.6 HDBFS Personal Loan Interest Rates
- 2.0.7 Bank of Baroda Personal Loan Interest Rates
- 2.0.8 Kotak Personal Loan Interest Rates
- 2.0.9 TATA Capital Personal Loan Interest Rates
- 2.0.10 IndusInd Personal Loan Interest Rates
- 2.0.11 Fullerton India Personal Loan Interest Rates
Personal Loan Interest Rates 2018
|Bank Name||Interest Rates||Processing Fee||EMI Per Lakh For 5 Years||Total Amount (Principal + Interest)|
|SBI Bank||11.85% – 14.45%||1% of the loan amount + applicable Tax||Rs. 2,217 – Rs. 2,350||Rs. 1,33,012 – Rs. 1,41,013|
|HDFC Bank||11.49% – 19.50%||Up to 2.50% of the loan amount subject to a minimum of Rs. 1,999/- & maximum of Rs. 25000/-||Rs. 2,199 – Rs. 2,622||Rs. 1,31,926 – Rs. 1,57,299|
|ICICI Bank||10.99% – 17.50%||Up to 2.25% per annum of loan amount plus GST||Rs. 2,174 – Rs. 2,512||Rs. 1,30,425 – Rs. 1,50,733|
|Bajaj Finance||12.49%||2.25% – 3% of the loan amount||Rs. 2,249||Rs. 1,34,957|
|Axis Bank||15.5% – 24%||1.50% to 2.00% + GST as applicable||Rs. 2,405 – Rs. 2,877||Rs. 1,44,319 – Rs. 1,72,608|
|Kotak Mahindra Bank||10.99% – 24%||Up to 2.5% of the loan amount+ service tax / GST||Rs. 2,174 – Rs. 2,877||Rs. 1,30,425 – Rs. 1,72,608|
|Fullerton India||11.99% – 23.99%||Up to 6%||Rs. 2,327 – Rs. 3,422||Rs. 1,39,610 – Rs. 2,05,320|
|PNB Bank||12.70% – 14.70%||1.80% of loan amount||Rs. 2,260 – Rs. 2,363||Rs. 1,35,599 – Rs. 1,41,796|
|Standard Chartered Bank||11.50%||Up to 1% processing Fee||Rs. 2,199||Rs. 1,31,956|
|IndusInd Bank||11.25%||Up to 2.50% of loan amount plus tax||Rs. 2,187||Rs. 1,31,204|
|Tata Capital||11.49%||N.A||Rs. 2,199||Rs. 1,31,926|
|Citibank||10.99%||Up to 3% of loan amount||Rs. 2,174||Rs. 1,30,425|
|Bank of Maharashtra||12.65%||1.00% of the loan amount (Minimum Rs.1000/-)||Rs. 2,257||Rs. 1,35,446|
|Canara Bank||12.75%||N.A||Rs. 2,314||Rs. 1,38,833|
|IDBI Bank||13.49%||N.A||Rs. 2,300||Rs. 1,38,028|
|Indian Overseas Bank||11.65%||0.50 %||Rs. 2,207||Rs. 1,32,408|
|Karur Vysya Bank||15.35%||0.40% of the loan amount||Rs. 2,397||Rs. 1,43,844|
|UCO Bank||11.45%||1% of loan amount (minimum Rs.750/-)||Rs. 2,197||Rs. 1,31,805|
|Union Bank of India||14.40% (Fixed)||0.50% of the loan amount plus GST, minimum 500/- plus GST||Rs. 2,348||Rs. 1,40,857|
|Vijaya Bank||13.50%||0.75% of loan amount + GST.||Rs. 2,301||Rs. 1,38,059|
|Yes Bank||14.00%||N.A||Rs. 2,327||Rs. 1,39,610|
Personal Loan Interest Rates Eligibility
Majority of banks decide your personal loan interest rates on the basis of your income, company profile & ITR. Here’s the some example which helps your to know what interest rate you can get from bank or nbfc’s for your personal loan.
Salary / Income per month
|25000 – 40000||14.00%||16.00%|
|40000 – 50000||13.00%||15.00%|
|50000 – 75000||12.00%||15.00%|
|75000 – 1 Lakh||11.50%||13.00%|
|1 Lakh & above||10.99%||12.00%|
Top Personal Loan Banks as per Interest Rates
SBI Personal Loan Interest Rates
SBI provide loan to Central and state Government, Central PSUs etc. Income required minimum net monthly income should be Rs.5000/-, EMI/NMI ratio should not exceed 50%. Loan amount – minimum Rs 25,000/- up to 24 times NMI subject to maximum of Rs 15.00 lacs. Overdraft – minimum Rs. 5.00 lac up to 15 lac. Repayment period up to 5 years.
Xpress Credit to employees of Rated corporates : 11.85% – 14.45%
Xpress Credit to employees of Unrated corporates : 12.60% – 14.70%.
Xpress Credit – Non-Permanent Employees (NPEs): 12.35% – 14.70%
Xpress Credit – IT Employees Scheme: 12.85% – 14.85%.
Xpress ELITE SCHEME: 11.35% – 14.85%.
SBI Pension Loan: 12.40%.
HDFC Personal Loan Interest Rates
HDFC provides loan to Salaried doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies, aged between 21 to 60 years. Minimum net monthly income should be Rs. 15,000/- (Rs. 20,000/- in Delhi, Pune, Mumbai, Ahmedabad, Kolkata, Bengaluru, Hyderabad, Chennai, Cochin). Interest rates stars at 10.49%.
ICICI Bank Personal Loan Interest Rates
ICICI personal loan can be used for multi-purposes, no security required. Repayment through auto-debit/ ECS/PDC. Loan Disbursement within 72 hours* of document submission. Interest rates stars at 10.99%.
Axis Bank Personal Loan Interest Rates
Get a loan between 50,000 to Rs. 15,00,000. One needs to be of a minimum age of 21 years and should have a valid set of documents like ID proof, income proof other documents to avail the loan. Interest rates starts at 15.50%.
Bajaj Finance Personal Loan Interest Rates
Get instant personal loan approval in 5 minutes and disbursal to your bank account within 24 hours. Loan up to Rs.25 lakh and tenures ranging from 24 months to 60 months. Rate of interest starts at 12.49%.
HDBFS Personal Loan Interest Rates
Get loans up to 20 lakhs, special offer for employees of select companies. For Salaried – Minimum 1 year in employment with minimum 1-month salary credit in the current organisation. Minimum net monthly income – Rs. 20,000 for Metro Locations (Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Kolkata, Mumbai & Pune) & Rs. 15,000 for All Other Locations. For self-employed – Minimum Annual Income: Rs. 100000/- p.a. for Metro Locations & Rs. 75,000/- p.a. for non-metro locations.
Bank of Baroda Personal Loan Interest Rates
Eligible Borrowers – Employees of Central / State Govt. / Autonomous Bodies/ Public/ Proprietorship/ Partnership firms etc with minimum continuous service for 1 year. Self Employed Professionals (Doctor, Engineer, Architect, Interior Designers, Tech. and Management Consultants, Practicing Company secretaries etc) – with minimum 1 year stable business. Interest rates start at 11.35%.
Kotak Personal Loan Interest Rates
Get personal loan up to 15,00,000. Eligibility criteria – net monthly salary should be Rs. 20,000/-, minimum residence of 1 year in current city, minimum 1 year total work experience. Interest rate starts at 10.99%.
TATA Capital Personal Loan Interest Rates
A salaried person, aged 21-58 years employed in a reputed organisation in the private or public sector, earning a minimum salary of Rs 20,000 per month. Self-employed professional or businessman aged 25-65 years with a 3-year business record, earning an income of Rs 2,00,000 per year. Interest rate starts at 11.49%.
IndusInd Personal Loan Interest Rates
For salaried – minimum net monthly income should be Rs.25000. Total work experience should be 2 years and minimum 1 year of stay at the current residence. For Self employed – Minimum annual net income post tax should be Rs.4.8 lakh. Interest rate starts at 11.25%.
Fullerton India Personal Loan Interest Rates
Loan repayment tenure minimum 12 months to maximum 60 Months. Interest rate starts at 11.99%.