Personal Loan Interest Rates: There are many such occasions in life when people suddenly need money. To deal with such situations, some people maintain an emergency fund. With which their work gets done. At the same time, those who have not created an emergency fund, they resort to personal loan.
However, the interest rate on personal loan is higher. If you are also planning to take a personal loan, then you must get information about the personal loan interest rates of different banks. So that you do not suffer any financial loss.
Recently the Reserve Bank of India (RBI) has announced to cut the repo rate. After which the interest rates of many banks have reduced. Let us know about the personal loan interest rates of some major banks….
1. State Bank of India (ACBI) Personal Loan Interest Rates
The country’s largest government bank SBI is providing personal loans to its customers at an initial interest rate of 10.05 percent. There may be changes depending on the CIBIL score of the customer and the amount of personal loan.
2. Bank of Baroda (BOB) Personal Loan
Talking about personal loan of Bank of Baroda (BOB), the bank provides loan to its customers at an initial interest rate of 10.15 percent. However, this rate is not the same for everyone. The interest rate may change depending on your CIBIL score and the amount of loan you are taking.
3. Canara Bank Personal Loan Interest Rate
The country’s leading government bank Canara Bank provides personal loans to its customers at initial interest rates of 9.25 percent. There may be changes in interest rates depending on the CIBIL score and loan amount of the customers. If your CIBIL score is good, the bank can charge you less interest.
4. ICICI Bank Personal Loan
ICICI Bank, one of the country’s largest private banks, is offering personal loans at initial interest rates of Rs 10.45. ICICI Bank also changes the interest rates based on the CIBIL score and loan amount of the customers.
5. HDFC Bank Personal Loan
Talking about the interest rates of HDFC Bank’s personal loan, the bank is providing personal loans to its customers at interest rates ranging from 10.90 percent to 24 percent.
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