Personal loans are popular as they are easy to avail and can be used for any financial need. A personal loan is an unsecured loan for which no collateral is pledged to borrow money. Before taking a personal loan, it would be wise to compare personal loans from various lenders on various factors like interest rates, processing fees, other charges to bag the best deal. If you are planning to take a personal loan from the top 10 private banks (as per asset size), here is the list of interest rates they are offering.
|Interest Rates on Personal Loan|
|(For Top 10 Private Banks By Asset Size)|
|EMI on Personal Loan Up to Rs. 100000 for 3 year Tenure|
|EMI (In Rs)|
|IDFC Bank||9.20 – 34.00||₹ 3189 – ₹ 4467|
|HDFC Bank||10.75 – 21.30||₹ 3262 – ₹ 3783|
|Kotak Bank||10.75 – 24.00||₹ 3262 – ₹ 3923|
|IndusInd Bank||>=11.00||>=₹ 3274|
|ICICI Bank||11.25 – 21.00||₹ 3286 – ₹ 3768|
|Federal Bank||11.49 -17.99||₹ 3297 – ₹ 3615|
|Axis Bank||12.00 – 24.00||₹ 3321 – ₹ 3923|
|IDBI Bank||12.00 – 14.00||₹ 3321 – ₹ 3418|
|Dhanlaxmi Bank||12.00 – 15.70||₹ 3321 – ₹ 3501|
|Yes Bank||13.99 – 16.99||₹ 3417 – ₹ 3565|
Data Compiled by BankBazaar.com from respective bank’s website as on Oct 15 2020. The EMI range is indicative and not exhaustive. In actual situation it may include other fees and charges as per bank’s terms and conditions. The interest rate are based as per regular personal loan products offered by Pvt Banks. Banks are listed in ascending order on the basis of interest rate i.e. bank having lowest starting interest range is placed at top and highest at the bottom. Bank’s are selected on the basis of their asset size as per latest available information and its accuracy is not warranted. Banks for which data is not available or partially available on their website are excluded from the list.
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