Personal Loan Interest Rates: SBI, PNB, or HDFC Bank? Which bank offers lowest EMI and processing fee on Rs 5 lakh and Rs 10 lakh loans?

SBI Bank vs PNB vs HDFC Bank Personal Loan EMI and Processing Fee: A personal loan can help one fulfil short-term and long-term financial goals. People take personal loans for home renovation, large purchases, home appliances, vacations, medical and emergency needs, etc. Personal loan doesn't have collateral, so the lender charges higher interest rates compared to what it charges from home loan borrowers. The rate of interest also depends on a borrower's Cibil score, current loan liabilities, monthly income, etc. PSU and other private banks offer personal loans at different interest rates. In this write-up, we will tell you about the interest rates that State Bank of India (SBI), Punjab National Bank (PNB), and HDFC Bank are charging on on personal loans. Also, know what will be the estimated equated monthly instalment (EMI) on Rs 5 lakh and Rs 10 lakh personal loans and the processing fee on them. (Data Source: Paisabazar.com)
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