Personal loans offered by various banks come handy in times of crisis. And, also in good times when one falls short of cash. All banks provide personal loans but their respective rate of interests differ. The processing fee required to get the personal loan also varies from bank to bank. One of the cheapest personal loan rate is offered by IDBI Bank (12-14%) and it also comes with one of the cheapest processing fee (1% of the loan amount). The highest personal loan rate offered by banks goes up to 24% (Axis bank), while the minimum processing fee of Rs 1000 is offered by Bank of Baroda. 

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Here we take a look at the various home loan rates offered by several banks right now: 

State Bank of India: 11.00-15.40%; Processing fee is 1%. One can take minimum Rs 25,000 personal loan and maximum Rs 15 lakh from SBI. 

ICICI Bank: 11.10-18.00%; Processing fee is up to 2.5% of the loan amount. One can take minimum Rs 50,000 personal loan and maximum Rs 30 lakh from ICICI. 

HDFC Bank: 10.99-18.00%; Processing fee is up to 2%. One can take minimum Rs 50,000 personal loan and maximum Rs 40 lakh from HDFC Bank. 

Axis Bank: 11.49-24.00%; Processing fee is 1.5-2%; One can take minimum Rs 50,000 personal loan and maximum Rs 40 lakh from Axis Bank. 

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Punjab and National Bank: 11.25-15.00%; Processing fee 1.8% of the loan amount; One can take minimum Rs 50,000 personal loan and maximum Rs 10 lakh from PNB.

Bank of Baroda: 11.55 and above; Processing fee is 2% of loan amount (Minimum Rs 1,000 and Maximum Rs 10,000);  One can take minimum Rs 50,000 personal loan and maximum Rs 10 lakh from BoB.

Citibank: 10.99-14.25%; Processing fee is up to 3%;  One can take minimum Rs 1 lakh personal loan and maximum Rs 35 lakh from Citibank.

IDBI Bank: 12.00-14.00%; Processing fee is 1% of the loan amount;  One can take minimum Rs 25,000 personal loan and maximum Rs 10 lakh from IDBI Bank.

Yes Bank: 10.75-16.99%; Processing fee is 1% of the loan amount;  One can take minimum Rs 1 lakh personal loan and maximum Rs 30 lakh from Yes Bank.

UCO Bank: 11.40-12.80%; Processing fee is up to 1% of the loan amount;  One can take up to Rs 10 lakh personal loan from UCO Bank.

Kotak Mahindra Bank: 10.99-19.50%; Processing fee is up to 2.5% of the loan amount;  One can take minimum Rs 50,000 personal loan and maximum Rs 30 lakh from KMB.

RBL Bank: 11.99-19.00%; Processing fee is 2% of the loan amount;  One can take minimum Rs 1 lakh personal loan and maximum Rs 20 lakh from RBL Bank.

IDFC Bank: 11.49-14.49%; Processing fee is up to 2% of the loan amount; One can take minimum Rs 1 lakh personal loan and maximum Rs 20 lakh from IDFC Bank.

Ahead of the Reserve Bank of India's monetary policy announcement, several banks including HDFC, PNB, and SBI had increased their lending rate. SBI increased its one-year MCLR from 8.45% to 8.50%. Similarly, ICICI bank increased its six-month MCLR from 8.5% to 8.6% and one-year MCLR to 8.65% from 8.55%. Several other banks are expected to increase their base lending rate on coming months, even as the Reserve Bank of India has not hiked the repo rate.