Which bank is Best for Personal Loans in India with lower interest?

Which bank is Best for Personal Loans? Compare Interest Rates of all Banks in India…

Personal Finance

Many famous banks and financial institutions in India offer personal loans at attractive interest rates, Which bank is Best for Personal Loans? Today we will tell you how to choose the one bank which is the best one, which offers you the loan at the lowest interest rates.

Which bank is Best for Personal Loans in India with lower interest?

Let us tell you that there are two types of loans, first secured loan and second unsecured loan. Personal loan comes in the category of unsecured loan which is available at higher interest rates than secured loan like home loan or car loan. Because personal loans are given without any guarantee. In this, banks do not pledge any assets in exchange for the loan amount. In this way, banks are tied in the recovery of these loans. This is the reason that personal loans have higher rate of interest than other secured loans.

Which bank is Best for Personal Loans in India with lower interest?

Which bank is Best for Personal Loans? Compare the personal loan interest rates of all banks in India:

  1. Allahabad Bank Personal Loan 12.85%
  2. Andhra Bank Personal Loan 11.40% – 13.05%
  3. Axis Bank Personal Loan 15.50% – 24.00%
  4. Bank of Baroda Personal Loan 11.70% – 16.70%
  5. Bank Of India Personal Loan 11.90% – 13.90%
  6. Bank of Maharashtra Personal Loan 11.75% – 12.75%
  7. Canara Bank Personal Loan 10.80% – 14.95%
  8. Central Bank of India Personal Loan 10.20% – 12.45%
  9. Citi Bank Personal Loan 10.99% – 18.99%
  10. DCB Bank Personal Loan 12.00%
  11. Federal Bank Personal Loan 11.75% – 14.65%
  12. HDFC Bank Personal Loan 11.25% – 21.25%
  13. HSBC Bank Personal Loan 11.29% – 17.50%
  14. IDBI Bank Personal Loan 12.39% – 13.39%
  15. IndusInd Bank Personal Loan 10.99% – 16.00%
  16. ICICI Bank Personal Loan 10.99% – 18.49%
  17. Jammu & Kashmir Bank Personal Loan 12.30% – 14.30%
  18. Karnataka Bank Personal Loan 12.60%
  19. Karur Vysya Bank Personal Loan 13.05% – 15.55%
  20. Kotak Mahindra Bank Personal Loan 10.99% – 20.99%
  21. Nainital Bank Personal Loan 11.30% – 14.75%
  22. Oriental Bank of Commerce Personal Loan 10.90% – 12.40%
  23. Punjab and Sindh Bank Personal Loan 12.50% – 13.75%
  24. RBL Bank Personal Loan 13.00% – 18.00%
  25. Punjab National Bank Personal Loan 11.20% – 14.95%
  26. State Bank of India Personal Loan 11.00% – 15.00%
  27. Standard Chartered Bank Personal Loan 11.00% – 21.00%
  28. Syndicate Bank Personal Loan 12.15% – 13.40%
  29. UCO Bank Personal Loan 9.70% – 12.70%
  30. United Bank Personal Loan 13.35%
  31. Yes Bank Personal Loan Starting at 10.75%

Documents required for Personal Loan:

  1. Identity proof (copy of passport / voter ID card / Driving License / Aadhaar)
  2. Address proof (Passport / Voter ID / Driving License / Aadhaar copy)
  3. Last 3 months Bank Statement (last 6 months passbook)
  4. Latest pay slip / current dated pay certificate with latest Form 16.
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