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.

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

Minimum Rate

Maximum Rate

Below 25000 16.00% 20.00%
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%.

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All Banks Latest Personal Loan Interest Rates Oct 2018

One thought on “All Banks Latest Personal Loan Interest Rates Oct 2018

  • July 14, 2018 at 11:38 am
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    Sir 50000 loan chiaye

    Reply

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