Need personal loan? 7 lowest interest rates, EMI calculation, other key details here
Personal loans don't have collateral, so banks and non-banking financing companies (NBFCs) offer personal loans at a higher rate than home loans or car loans. All leading banks, such as State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, and ICICI Bank, offer personal loans.
7 cheapest home loans in India: There are many types of loans, such as home loans and car loans. But sometimes, when we need money to fulfil our personal requirements, such as home improvements, weddings, medical care, etc., we opt for a personal loan. Such a type of loan doesn't have collateral, so banks and non-banking financing companies (NBFCs) offer personal loans at a higher rate than home loans or car loans. All leading banks, such as State Bank of India (SBI), Punjab National Bank (PNB), HDFC Bank, and ICICI Bank, offer personal loans. In this gallery, know which banks offer the cheapest personal loans and what the equated monthly installment (EMI) will be on Rs 1 lakh and Rs 5 lakh personal loans for 5 years (Source: Paisabazaar.com).
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9.99%-16.00%- HSBC Loan
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10.00%-12.80- Bank of Maharashtra
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10.40%-17.95 Punjab National Bank
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10.50% onwards- HDFC Bank
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10.75%-13.50% Punjab & Sind Bank
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10.80% onwards ICICI Bank
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