All Bank Personal Loan Interest Rate 2024, Today in this article we provide all banks personal loan percentage read here the full article. If you are taking a personal loan from any bank and you are not aware about the interest rate of that loan, then this article is for you.
If you are applying for a personal loan, then it is important to know about the interest rate of that loan. There are many banks in our country that provide personal loans. We will compare the personal loans of all those banks in this article.
All Bank Personal Loan Interest Rate 2024
When we take a loan from any bank for our personal expenses, it is a personal loan. You can take a personal loan for your many types of personal work like medical expenses, marriage interest expenses, traveling, higher education, children’s fees etc. Personal loan is an unsecured loan because you do not need to give any collateral or guarantor to the bank to take this loan. Bank gives this loan to you on the basis of your CIBIL score. The higher your credit score, the higher the loan amount you can take an Instant Personal Loan.
A special feature of personal loan is that when you take a personal loan from any bank, you do not have to tell the bank where you are going to use the loan amount received under personal loan. When you are applying for a personal loan from any bank, then before applying, it is important to know about the interest rates of that personal loan. If you do not first take information about Personal Loan Interest Rate, then you may have to face trouble at the time of loan repayment.
Read more All Bank Personal Loan Interest Rate
How to get personal loan at lowest interest rate?
Some banks provide loans at higher interest rates and some banks at the lowest personal loan interest rates. If you are applying for a personal loan and you want to get that loan at a low interest rate, then you can get a low interest rate loan with the help of the following tips:
- Improve your CIBIL Score: Your credit score should be very good to apply for personal loan. If your credit score is high then you can get personal loan up to higher loan amount. Individuals with a good CIBIL score can get a personal loan at the Lowest Personal Loan Interest Rate. Therefore, whenever you apply for a personal loan, first of all check your credit score. Your credit score should generally be 750 or higher.
- Keep an eye out for personal loan offers. Generally, many banks and financial institutions offer attractive interest rates during festivals. If you apply for a loan at this time, then you can get a personal loan at a low interest rate.
- Avoid Missing Repayments: As we told you, you need to have a good credit score. If you take a loan or credit card from any bank or financial institution, then pay it on time. Because the bank sees the repayment history of the applicant. If you pay your EMI (Equated Monthly Installment) and credit card bills on time, then you can get a low interest rate personal loan.
- Talk with the lender: If you have any information about the bank or you are an existing customer of the bank, then you should talk to the lender so that you can get the loan at a lower interest rate.
- Compare Interest Rates: You should compare the personal loan interest rates of banks and financial institutions that offer personal loans. With this you will be able to find out which bank is offering the Lowest Personal Loan Interest Rate.
All Bank Personal Loan Interest Rates 2023
Here the personal loan interest rate of all banks is compared. You can apply online for the bank whose interest rate is low for you:
| Name of bank | Interest Rate (per annum) |
| Aditya Birla Personal Loan | Starting at 14% |
| Axis Bank Personal Loan | Starting from 10.49% |
| Bajaj Finance Personal Loan | Starting at 13% |
| Bandhan Bank Personal Loan | Starting from 10.25% |
| Bank Of Baroda Personal Loan | Starting at 7.95% |
| Bank Of India Personal Loan | Starting from 11.25% |
| Bank Of Maharashtra Personal Loan | Starting from 10.35% |
| Canara Bank Personal Loan | Starting from 6.90% p.a. |
| Central Bank Of India Personal Loan | Starting at 9.85% |
| Citibank Personal Loan | Starting at 9.99% |
| City Union Bank Personal Loan | Starting from 11.25% |
| Deutsche Bank Personal Loan | Starting at 24% |
| Dhanlaxmi Bank Personal Loan | Starting from 11.90% |
| Federal Bank Personal Loan | Starting from 10.49% |
| Fullerton India Personal Loan | Starting from 11.99% |
| HDFC bank personal loan | Starting from 11.00% |
| Home Credit Personal Loan | Starting at 24.9% |
| HSBC bank personal loan | Starting at 9.99% |
| ICICI Bank Personal Loan | Starting from 10.75% |
| IDBI Bank Personal Loan | Starting at 9.50% |
| IDFC Bank Personal Loan | Starting from 10.49% |
| IIFL Personal Loan | Starting from 11.75% |
| Indiabulls Dhani Personal Loan | Starting from 13.99 p.a. |
| Indian Bank Personal Loan | Starting at 9.05% |
| Indian Overseas Bank Personal Loan | Starting at 10.00% |
| IndusInd Bank Personal Loan | Starting from 10.49% |
| Jammu and Kashmir Bank Personal Loan | Starting from 11.80% |
| Karnataka Bank Personal Loan | Starting at 12% |
| Karur Vysya Bank Personal Loan | Starting at 9.40% |
| Kotak Mahindra Bank Personal Loan | Starting from 10.75% |
| Mahindra Finance Personal Loan | As per applicant’s profile |
| Manappuram Personal Loan | Starting from 13% p.a. |
| Navi Personal Loan Personal Loan | Starting at 9.9% |
| PNB Personal Loan | Starting at 8.95% |
| Punjab And Sind Bank Personal Loan | Starting from 10.40% p.a. |
| RBL Bank Personal Loan | Starting at 14% |
| Reliance Personal Loan Personal Loan | As per applicant’s profile |
| Saraswat Bank Personal Loan | Starting from 13.50% p.a. |
| SBI Personal Loan | Starting from 10.30% |
| Shriram Finance Personal Loan | As per applicant’s profile |
| South Indian Bank Personal Loan | Starting from 10.25% |
| Standard Chartered Personal Loan | Starting from 11.49% p.a. |
| Tata Capital Personal Loan | Starting from 10.99% |
| UCO Bank Personal Loan | Starting from 6.90% p.a. |
| Ujjivan Small Finance Bank Personal Loan | Starting from 11.49% |
| Union Bank Of India Personal Loan | Starting from 10.20% p.a. |
| Yes Bank Personal Loan | Starting from 10.99% |
Type of Interest Rates – Which is better?
Generally all banks provide loan on two types of interest rate. There is a slight difference between these two interest rates which is as follows:
- Fixed Interest Rates: Under this interest rate, the interest rate of the loan remains the same during the loan repayment period, there is no change in it. The advantage of this interest rate is that in this you know how much fee you will have to pay.
- Floating Interest Rates: In this the interest rate is variable. The interest rate fluctuates from time to time. The advantage of this is that if the interest rate is lower then your repayment amount will also be less.
Factors Affecting Personal Loan Interest Rate 2024
When you apply for a personal loan, the lender provides you the loan keeping in mind many factors. Personal Loan Interest Rate depends on many factors which are as follows:
- CIBIL Score: As you know personal loan is an unsecured loan. It depends on the CIBIL score of the loan applicant. If your CIBIL score is good then you can get loan up to higher loan amount and attractive interest rate.
- Age: The age of the applicant affects the interest rate. If you are nearing retirement age, you are charged a higher rate of interest.
- Income: The lender provides the loan keeping in mind your income. Loans can be provided at a lower interest rate to people with higher incomes than those with lower incomes.
- Nature of Employment: The interest rate of personal loan also depends on whether you are a salaried individual or a self-employed individual.
- Relationship with the lender: A good relationship with the lender can benefit you in a personal loan.
FAQ’s
Q. How to get loan from mobile?
Ans. To take a personal loan in any bank, you have to apply by visiting the official website of that bank from your mobile phone.
Q. Can I take a personal loan for the repair of my house?
Ans. Yes, you can take this loan for the repair of your house.
Q. What is the personal loan interest rate?
Ans. Information about the interest rate of all loans is given in this article.
Q. What is Personal Loan?
Ans. When any person takes a loan to meet any of his personal expenses, then it is a personal loan.
Q. Which bank gives personal loan?
Ans. The list of all the banks is given in this article.
Conclusion:
In this article, we have provided you information about All Bank Personal Loan Interest Rate 2024. Any person who wants to apply for personal loan can read this article and compare personal loan of all banks.
You can apply for the bank whose loan interest rate you find attractive. Hope you friends have found this article informative. If you liked this article then please share it with your friends.