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Want To Take A Personal Loan? Check The Latest Interest Rates Offered By Top 10 Banks

BankBazaar.com logo BankBazaar.com 10-06-2021 Team BankBazaar
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Personal loans are unsecured loans as a borrower is not required to pledge any collateral. They are one of the simplest ways to arrange funds during sudden financial needs. Before taking a personal loan, it would be wise to compare personal loans from various lenders on factors like interest rates, processing fees, other charges to bag the best deal that meets your financing requirement. It is important to note that the best interest rates and repayment terms are usually offered to those applicants who have a credit score above 750.

If you are planning to take a personal loan, here are the latest interest rates offered by top 10 banks (by asset size)for a loan of Rs. 1 lakh for three years tenure and the corresponding EMIs you may have to pay. Do note, the interest rates applicable to you could be higher based on your loan amount, tenure, credit score or any other terms and condition of your chosen lender.

Interest Rates on Personal Loan

(For Top 10 Banks By Asset Size)

EMI on Loan Up to Rs. 100000 for 3 year Tenure
Lender’s Name Interest Rate  (% Pa) EMI (In Rs)
Union Bank 8.90% – 12.00% ₹ 3175 – ₹ 3321
Punjab National Bank 8.95% – 14.50% ₹ 3178 – ₹ 3442
State Bank of India 9.60% – 13.85% ₹ 3208 – ₹ 3410
Bank of Baroda 10.00% – 15.60% ₹ 3227 – ₹ 3496
HDFC Bank 10.50% – 21.00% ₹ 3250 – ₹ 3768
ICICI Bank 10.5% – 19.00% ₹ 3250 – ₹ 3666
Kotak Bank 10.75% – 24.00% ₹ 3262 – ₹ 3923
Canara Bank 11.25% – 13.90% ₹ 3286 – ₹ 3413
Bank of India 11.35% – 12.35% ₹ 3290 – ₹ 3338
Axis Bank 12.00% – 21.00% ₹ 3321 – ₹ 3768
 

Disclaimer: Data compiled by BankBazaar.com from respective bank’s website as on June 10, 2021. 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. 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.

Need help in calculating your EMI? Use BankBazaar’s easy Personal Loan EMI calculator.

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