Interest Rate of All Bank’s Personal Loan 2019

ALL BANK PERSONAL LOAN INTEREST LIST

PERSONAL  LOAN:

It’s an unsecured loan taken by individuals to full feel his/her personal needs(vacation, education, medical, repair, purchase ) from a bank or financial company. The repayment time of this loan is 2 to 6 years.  From the age group of 21 to 60 years people, People who are working from last 2 years and have a great CIBIL score (minimum 650) can get that loan. As it is an unsecured loan we mentioned before, consumers who don’t qualify mentioned verifications can’t get a personal loan. They offered secured loan by the bank. The interest rate is from 10% to 36%. 

BENEFITS OF PERSONAL LOAN:

  • The borrower doesn’t have to mortgage any of his/her property for a loan.
  • The interest rate is not so high.
  • The repayment time of personal time is neither too long nor so short.
  • Pensioners get attractive offers.
  • It disbursed in 2 or 3 days.
  • Minimum documentation.
  • No hidden cost or administrative charges.
  • Minimum income requirement.

Documents required for Personal Loan:

  • KYC DOCUMENTS:
  • Pan Card
  • Adhaar Card
  • Voter’s ID
  • Passport  Size Photo
  • Driving License
  • A canceled cheque
  • INCOME DOCUMENTS, PROOF OF EMPLOYMENT:
  • Salaried: Last 3 years of PAYSLIPS, 6 months salary account bank statement.
  • Most recent salary certificate with form16.

Installments applicant is currently paying, all the numbers of credit cards and.

Personal loan interest rate comparison:

BANK NAME

LOAN AMOUNT

LOAN TENURE Yr

LOAN INTEREST 

PRECLOSURE CHARGE

Processing Fee Range

 

 

Allahabad Bank

Minimum-50,000

Maximum-7.5 lakhs.

 

        1-5

 

 

11.60%-13.60%

2.25% of outstanding balance only in case of taking over.

 

 

1.22%(minimum 1,228)

 

    Axis Bank

Minimum-50,000

Maximum-15 lakhs.

        1-5

 

15.75%-24.00%

 

           NIL

2.00%+service charge applicable.

 

  Andhra Bank

Minimum-50,000

Maximum-1,50,000

        1-5

 

11.55%-16.00%

            NIL   

 

NIL   

 

   HDFC Bank

Minimum-50,000

Maximum-25 lakhs.

        1-5

 

10.99%-21.25%

Between 2% to 4% of the outstanding principal.

 

     Up to 2.50%

 

  State Bank Of      India

Minimum-25,000

Maximum-15 lakhs.

        1-5

 

10.75%-15.55%

Between 2% to 4% of the outstanding principal.

 

   1.01% of the     loan amount

 

    ICICI Bank

Minimum-50,000

Maximum-40 lakhs.

        1-5

 

10.99%-18.49%

5% of outstanding principal + GST

 

0.99% to 2.25%

    IDBI Bank

Minimum-50,000

Maximum-10 lakhs.

 

       1-5   

 

 10.99%-18.49%

   2% of outstanding principal.

1%+ S.T charges

 

 

 

 

 

      Yes Bank

 

 

Minimum-2 lakhs

Maximum-20 lakhs.

 

 

 

 

      1-5  

 

 

 

 

 

  14% per annum.

Within 12 to 24 months: 4%

Within 24 to 36months: 3%

Within 36 to 48 months: 2%

After 48 months: No charges.

 

 

 

 

     2% of the         principal minimum 999

Indiabulls Bank

Minimum-

Maximum-15 lakhs

 

      1-5

 

11.99% onwards

5% if less than 6 months.

 

        Up to 5%

Capital first

Minimum-50,000

Maximum-4 Lakhs

 

     1-5

      12%-16%

4% of outstanding

2% of the principal

Aditya Birla

Minimum-25,000

Maximum-15 lakhs

 

     1-5   

 

     11.00%-13.75%

4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months.

1% of principal.

Fullerton

Minimum-65,000

Maximum-25 Lakhs

 

     1-5

 

     14.00%-33.00%

4%of outstanding principal.

 

  Up to 2.00%

Bajaj Finance

Minimum-1 lakh

Maximum-25 lakh

 

     1-5

 

     13%-16%

 

           NIL

 

    1.5%-2.00%

UBI(United Bank Of India)

Minimum-

Maximum-2 lakhs

 

     1-3    

 

 13.45%-14.20%

            NIL

 1% of principal.

BOB(Bank of Baroda)

Minimum-50,000

Maximum-10 lakhs.

 

    1-4

 

 11.80%-16.80%

Within 6 months it costs 6% after six months no charges.

2% minimum rupees 250

PNB(Punjab National Bank)

Minimum-

Maximum-10 Lakhs.

 

    1-5    

 

12.00%-15.00%

               NIL

1.8%+ Taxes

OBC(Oriental Bank Of Commerce)

Minimum-

Maximum-5 Lakhs

 

     1-5       

 

     10.65%-11.65%

NIL

0.5% Minimum RS.500

BOI(Bank Of India)

Minimum-10,000

Maximum-5 Lakhs

 

     1-3  

 

 12.00%-14.00%

 

 2% or 1,000+10,000+ Tax.

Indusind Bank

Minimum-50,000

Maximum-25 Lakhs

 

     1-5

     11%-16%

4% of the outstanding principal

Minimum 1% maximum 2.50%

Standard Chartered Bank

Minimum-

Maximum-

 

     1-5  

 
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Interest rate start 10.75% * Upto 40 Lacs
Loan Duration: 12 - 60 months*

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