Personal Loan Interest Rate
Personal loans are one of the popular financial products that you can use to meet various financial requirements.
There are several banks in India who offer best personal loans to their customers, and you can easily apply for it either online or offline.
However, before availing such a personal loan, you should check the interest rate offered by different banks which varies between 10.50% p.a to 24.00% p.a.
Current Personal Loan Interest Rate of All Banks 2022
Bank Interest Rate p.a Processing Fee
HDFC Bank 10.50% - 21.00% Up to 2.50%
Yes Bank 10.99% - 16.99% Up to 2.50%
CITI Bank 11.00% - 16.59% Up to 3%
Kotak Mahindra Bank 10.25% and above Up to 2.50%
Axis Bank 12.00% - 21.00% Based on bank
IndusInd Bank 10.49% - 31.50% 3.00% Onwards
HSBC Bank 9.50% - 15.25% Up to 1%
IDFC First Bank 10.49% Onwards Up to 3.5%
Tata Capital 10.99% Onwards Up to 2.75%
State Bank of India 10.60% - 15.65% Up to 1.50%
Karnataka Bank 12.00% - 17.00% Up to 2.50%
Bank of Baroda 10.50% - 12.50% Up to 2%
Federal Bank 10.99% - 17.99% Up to 3%
IIFL 24.00% Onwards Up to 2%
Bank of India 10.70% - 12.40% Up to 2.50%
Punjab National Bank 11.10% Onwards Up to 2%
A personal loan is a type of unsecured loan that allows the bank or financial institution if you require funds to pay for your financial needs. The maximum amount of loan depends on your monthly income. In India, there are lenders who offer up to Rs.40 lakh.