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Where to Low Interest Personal Loans in India?

Personal loans are one of the most preferred loans in the banking space. The happiness and uncertainty of life make it vital for many to apply for the same. Be it the marriage, education, medical emergency or travel, one needs money to do all that and more. Often one is found short of meeting these on own financial resources. And so, they would require personal loans that come without you having to submit a collateral. Isnu2019t it great? There are many banks and non-banking finance companies that offer personal loans to eligible individuals. The key, however, is to find low interest personal loan to cut down the cost involved in the same. Letu2019s check out the loan offers of different lenders in this post.

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Where to Low Interest Personal Loans in India?

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  1. Where to Low Interest Personal Loans in India?

  2. Personal loans are one of the most preferred loans in the banking space. The happiness and uncertainty of life make it vital for many to apply for the same. Be it the marriage, education, medical emergency or travel, one needs money to do all that and more. Often one is found short of meeting these on own financial resources. And so, they would require personal loans that come without you having to submit a collateral. Isn’t it great? There are many banks and non-banking finance companies that offer personal loans to eligible individuals. The key, however, is to find low interest personal loan to cut down the cost involved in the same. Let’s check out the loan offers of different lenders in this post.

  3. How Much Interest Rate Does SBI Charge on Personal Loans? SBI offers personal loans to all the eligible salaried working in different public and private entities in India. The loan is offered under the ‘Xpress Credit’ brand. Defence personnel can get a loan from SBI at an interest rate of 11.95%-12.45% per annum. Those having salary accounts at SBI would be paying the loan at the lowest rate of 10.95%-12.45%. Those not having SBI salary accounts would need to service the personal loan at 11.20%-12.70% per annum. IT employees can get the loan at 13.35%-15.35% per annum.

  4. What are HDFC Personal Loan Interest Rates? HDFC Bank is also a renowned lender in India’s banking space. It offers the loan through its branches, online portal and intermediaries. The bank charges interest rates based on the loan amount, tenure, income, repayment potential, credit score, etc. As of now, the rates can range anywhere between 15.50%-21.50% per annum.

  5. Personal Loan Interest Rates in ICICI ICICI Bank is the name of ‘Trust’ that makes many applying for personal loans here to fulfill all their personal needs. It will charge interest rate anywhere between 11.25%-17.99% on personal loans availed for a variety of purposes such as marriage, education, travel or any other. You can get the rate lowered if you are earning more and have a sound repayment potential.

  6. Personal Loan Interest Rates Axis Bank Axis Bank is also one of the most popular banks around offering personal loans to eligible applicants. It charges interest rates based on income, repayment potential, credit score, etc. You can get Axis Bank Personal Loan at interest rates ranging from 16%-24% per annum.

  7. Which Bank is Best for Personal Loan? Above you saw different banks with different personal loan interest rates. You can thus compare the rates and choose the best out of them. But the rate is not the only thing one should consider. You should also check whether you are eligible for the loan you are looking for. Also, check the effect of loan on your budget before signing the dotted lines on the personal loan agreement.

  8. Personal Loan Interest Rate Calculator Do check the personal loan interest rate calculator to assess the amount of installment you pay to the lender on a monthly basis till the time the loan finishes. The installment combines both interest and principal payable to the lender. So, the calculator would also estimate the amount of interest you pay by the time the loan finishes.

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