Business Desk, AnyTV, New Delhi
Published by: Deepak Chaturvedi
Updated Mon, 21 Feb 2022 11:47 AM IST
Summary
Personal Loan At Low Interest Rate: If you are planning to take a personal loan to meet your financial needs, then this news is for you. We are here to tell you which government banks are currently providing it at 10 percent or less interest rates.
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hear the news
What is Personal Loan?
Before this, let us tell you that a personal loan is actually an unsecured loan, which means the borrower does not need to give any guarantee / security or pledge anything. The repayment tenure of this loan is usually between 12 to 60 months. Unlike a home loan or card loan, this loan can be used to meet any kind of requirement like medical emergency, study expenses, travel, wedding and other such expenses.
It is better to take loan from government bank
If you also want to take a personal loan, then taking a loan from government banks can be beneficial for you. If you want to take a personal loan up to Rs 5 lakh to meet your financial needs, then there are many banks which are currently providing it at an interest rate of less than 10 percent. Let us know from which government banks are included in this list and how much EMI will you have to pay after taking the loan.
Bank | Rate of interest | EMI |
Indian Bank | 8.50 per cent | Rs 10,285 |
Union Bank | 8.90 percent | Rs 10,355 |
central bank | 8.90 percent | Rs 10,355 |
PNB | 8.90 percent | Rs 10,355 |
Bank Of Maharashtra | 9.45 percent | Rs 10,489 |
Punjab And Sind Bank | 9.50 per cent | Rs 10,501 |
IDBI Bank | 9.50 per cent | Rs 10,501 |
SB I | 9.60 percent | Rs 10,525 |
Bank Of Baroda | 10.00 percent | Rs 10,624 |
Indian Overseas Bank | 10.00 percent | Rs 10,624 |
Expansion
What is Personal Loan?
Before this, let us tell you that a personal loan is actually an unsecured loan, which means the borrower does not need to give any guarantee / security or pledge anything. The repayment tenure of this loan is usually between 12 to 60 months. Unlike a home loan or card loan, this loan can be used to meet any kind of requirement like medical emergency, study expenses, travel, wedding and other such expenses.
It is better to take loan from government bank
If you also want to take a personal loan, then taking a loan from government banks can be beneficial for you. If you want to take a personal loan up to Rs 5 lakh to meet your financial needs, then there are many banks which are currently providing it at an interest rate of less than 10 percent. Let us know from which government banks are included in this list and how much EMI will you have to pay after taking the loan.
Bank | Rate of interest | EMI |
Indian Bank | 8.50 per cent | Rs 10,285 |
Union Bank | 8.90 percent | Rs 10,355 |
central bank | 8.90 percent | Rs 10,355 |
PNB | 8.90 percent | Rs 10,355 |
Bank Of Maharashtra | 9.45 percent | Rs 10,489 |
Punjab And Sind Bank | 9.50 per cent | Rs 10,501 |
IDBI Bank | 9.50 per cent | Rs 10,501 |
SB I | 9.60 percent | Rs 10,525 |
Bank Of Baroda | 10.00 percent | Rs 10,624 |
Indian Overseas Bank | 10.00 percent | Rs 10,624 |