Institution | Interest Rates |
---|---|
HDFC Bank | 10.85% – 24.00% |
Axis Bank | 11% – 24.00% |
Bandhan Bank | 11.90% Onwards |
ICICI Bank | 10.85% – 16.25% |
DBS Bank | 10.99% – 24.00% |
Bank of Baroda | 11.05% – 18.75% |
SBI | 11.45% – 14.85% |
IndusInd Bank | 10.49% – 24.00% |
Yes Bank | 11.25% – 21.00% |
Standard Chartered | 11.50% – 24.00% |
IDFC First | 10.99% – 23.99% |
Kotak Mahindra Bank | 10.99% – 24.00% |
PNB | 11.40% – 17.95% |
Indian Bank | 10.90% – 24.00% |
Personal loans do not come with restrictions as to how they should be used and can be a useful financial instrument for fulfilling a number of requirements. It is, therefore, important to identify the loan and find one which comes with the least interest charges. This blog focuses on various personal loan products and useful guidance to avail personal loan at low interest rate for the salaried individuals.
Having a personal loan with a low interest rate is financially beneficial. When you keep the interest paid within the duration of the loan low, then the cost of the loan is significantly lowered. This ensures that your repayments are a bit easy to make and most of your cash is made productive for other purposes
It is very important to compare personal loans from different lenders before making your decision. Interest rates, other fees, and charges, eligibility criteria must be considered for decision making. To make it easier you can use online financial marketplace such as Fincover to ensure that you get the right deal on a personal loan.