Personal Loan : Bank Interest Rates.

Personal Loan , Interest Rate

Note from Editor

Looking for personal loan , Compare Personal Loan Interest Rate from leading banks in India.

View personal loan processing charges.

Personal Loan is a convenient means of arranging money for Short term , wihout providing any security. Sometimes it becomes really necessary to arrange for Finance , when you are bound to pay money for events like Marriage , Education , Home renovations etc and you have little Finance today , but can arrange for the same after short interval of time like 2 to 3 yrs.

Since the risk is high for Lender , interest rates are high for Personal Finance.

If you are working for a Big Organization , or have good regular source of income , it becomes easier to get persnal Finance Loan.

If really required , then only take personal Finance otherwise prefer loan against security where interest rates are lower.

Rates Update Year : 2022

Bank NamePersonal Loan Interest RateProcessing Fees
State Bank of India 10.80% - 12.30% Upto 2.25% of loan amount plus Service Tax
ICICI10.50% to 19% per annumUpto 2.50% of loan amount plus Service Tax
Union bank of India For Salary act holders : 12.80% to 12.90%
For Others : 13.80% to 13.90% 		1.50 % of the loan amount , subject to minimum of Rs 500.
Bank of Maharashtra11.60%1.50 % of the loan amount , subject to minimum of Rs 500.
Axis Bank12 % to 21%1.50% to 2.00% + Service Tax as applicable
Punjab National Bank 11% to 14.65 % [Depending on CIBIL Score] 1.0% of the loan amount + Service Tax & Education Cess
HDFC Salaried - 10.50% to 21.00%
Up to 2.50% of the loan amount subject to a minimum
of Rs. 1,000/- & Maximum of Rs. 25000/- for Salaried Customers
and Rs. 75000/- for Self Employed Customers.
Canara Bank12.85% to 14.30%0.5%
Central Bank of India 9.85 to 10.05% 1% of loan amount
Bank of Baroda Not having account in bank : 12.90 to 16.50 %
Having account in bank : 10.90 to 14.50 % 		2% (Minimum Rs.500/, No Maximum limit)
Bank of India i. Fully Secured : 11.75 % ii. Clean/Unsecured : 12.75 % iii. For Senior Citizens aged 60 years and above for loans upto Rs.50,000/- : 10.75 % iv. Financing Secured under tie-up arrangements : 11.75 % One time @ 2.00 % of loan amount Min. Rs.1, 000/- and Max. Rs.10, 000/-
IDBI Salaried customers maintaining salary accounts with IDBI Bank: 9.50 to 10.75 %

Salaried customers not maintaining salary accounts with IDBI Bank 10 to 11.25 % Fixed

Self Employed Professionals having liability relationship with IDBI Bank : 12 to 13.25 % Fixed

Self Employed Non Professionals (SENP) having Asset/Liability relationship with IDBI Bank : 12.50 % to 14 % 		 
Union Bank of India10.20 to 11.45 % Processing charges are 0.50% of the loan amount, subject to a minimum of Rs. 500.
IOB10 to 11%One time processing fee of Rs. 204/- per lakh.
UCO Bank 10.70 % 1.00% of the loan amount with MinimumRs.1000/-
Indian Bank 10.90% 0.50% on the loan amount with min of Rs 500/-
HSBC Interest rates ranging from 9.99% p.a. to 15.50% p.a. upto 1% of the sanctioned personal loan amount
Federal Bank10.49% to 17.99%Processing & Admin fee: 0.50% (subject to a minimum of Rs. 500/-)
Punjab and Sind Bank 10.40 % to 12.40 % 1.0% of the loan amount.
Karnataka Bank12.68%0.50% with a minimum of Rs 250.00