Personal Loan Interest Rate
Personal Loan Interest Rate
Personal loans are unsecured in nature, it is one of the most popular types of credit availed to meet immediate requirements. A personal loan interest rate is also known as multi-purpose loans and therefore can be used for various purposes including weddings, home renovation, travel purposes, and more.
Moreover, there is zero limitation and restrictions on the borrowing amount which can be used for any purpose they want. In fact, a personal loan can help you build your credit faster as compared to other loans.
Here is a comparison table of the popular personal loans online along with their interest rate and processing fees:
Banks Interest Rate Loan Amount Processing Fees
IDFC First Bank 12.00 % to 21% 1 Lakhs to 40 Lakhs Up to 2.0% of the loan amount
HDFC Bank 11.25%- 17.75% 50 k to 40 Lakhs Up to 2.50% of the loan amount
ICICI Bank 11.50% - 17.25% 50 k to 25 Lakhs Up to 2.25% per annum of loan amount plus GST
Bajaj Finserv 12.49% -15.30% 1 Lakh to 20 Lakhs Up to 2.0% of the loan amount
Kotak Bank 10.75% -17.99% 1 Lakh to 30 Lakhs Up to 2.5% of the loan amount + GST and other applicable statutory levies
TATA Capital 11.25%-18.75% 75K- 25 Lakhs Up to 3.00% of the loan amount and applicable Service Tax
IndusInd Bank 11.50% -19.00% 1 Lakh to 25 Lakhs Up to 3.00% of the loan amount plus tax
Fullerton 11.99% - 25% 65 k to 25 Lakhs Up to 4.5% of the loan amount plus GST
RBL Bank 11.99%- 18.00% 1 Lakh to 20 Lakhs 1.5% of the loan amount