Taking a personal loan has become very easy these days. If your credit score is good then any private or government bank can easily give you a personal loan as per your income. But before taking a personal loan, one must compare the interest rates of any bank. Today in this article we are going to tell about the interest rates of big banks of the country like SBI, HDFC Bank and ICICI Bank.
Which bank is giving loan at lowest interest?
HDFC bank: The interest rate on personal loan in the country’s largest private HDFC starts from 10.50 percent. It goes up to a maximum of 24 percent. The processing fee for personal loan in the bank is Rs 4,999.
ICICI Bank: The minimum interest rate on personal loan in ICICI Bank starts from 10.65 percent. Maximum interest of 16 percent is being offered by the bank. The processing fee for personal loan in the bank is 2.5 percent of the loan amount.
SB I: Personal loans are being offered by the country’s largest government bank SBI at interest rates ranging from 11.15 percent to 14.30 percent.
Bank of Baroda: Personal loan for government employees in Bank of Baroda starts from 11.90 percent. At the same time, loans for corporate employees start at 12.40 percent. The maximum interest being charged by the bank on personal loan is 16.75 percent.
If you want to take a personal loan at the lowest interest rate, then you will have to keep your credit score above 750. On having a high credit score, many types of discounts like discount in processing fees etc. are also being offered by the banks along with low interest.
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