Personal loan Interest Rate: Many times, when money is needed in times of emergency, personal loan comes in handy. In such a situation, if you are thinking of taking a personal loan, then let us tell you that these 10 banks are giving loans at low interest rates.
Personal loan can be useful to meet the need of money in times of emergency. This loan can be useful to meet the financial needs. Personal loans are offered by almost all banks. You can easily raise money through personal loan. Interest rates on personal loans are different for all banks. If you are also planning to take a personal loan, then first check the interest rates on personal loan.
Documents required for personal loan-
If you are from a salaried class then you will need salary certificate, 3 salary slips, ID proof, address proof from your company. If you are already a bank customer and have to follow KYC then personal loan will be easily available.
These 10 banks are offering personal loans at the lowest interest rates.
- 1 Bank of Maharashtra 10.00%
- 2 Bank of India 10.25%
- 3 Axis Bank 10.49%
- 4 IDFC First Bank 10.49%
- 5 HDFC Bank 10.50%
- 6 ICICI Bank 10.50%
- 7 SBI 10.55%
- 8 Kotak Mahindra Bank 10.99%
- 9 Tata Capital 10.99%
- 10 Bajaj Finserv 11.00%
Personal loan rates are decided on this basis
The interest rate on personal loans varies depending on the bank and credit score, among other criteria. Apart from this, the interest rate also depends on the period of repayment. Similarly, the EMI amount of personal loan is decided by the period and interest rate. Banks decide the interest rates on personal loans. Any bank can issue a personal loan to an applicant with a minimum amount of Rs 50,000 to Rs 30 lakh. This loan is given for 1 year to 5 years.
