ALL BANK PERSONAL LOAN INTEREST LIST
PERSONAL LOAN:
It’s an unsecured loan taken by individuals to full feel his/her personal needs(vacation, education, medical, repair, purchase ) from a bank or financial company. The repayment time of this loan is 2 to 6 years. From the age group of 21 to 60 years people, People who are working from last 2 years and have a great CIBIL score (minimum 650) can get that loan. As it is an unsecured loan we mentioned before, consumers who don’t qualify mentioned verifications can’t get a personal loan. They offered secured loan by the bank. The interest rate is from 10% to 36%.
BENEFITS OF PERSONAL LOAN:
- The borrower doesn’t have to mortgage any of his/her property for a loan.
- The interest rate is not so high.
- The repayment time of personal time is neither too long nor so short.
- Pensioners get attractive offers.
- It disbursed in 2 or 3 days.
- Minimum documentation.
- No hidden cost or administrative charges.
- Minimum income requirement.
Documents required for Personal Loan:
- KYC DOCUMENTS:
- Pan Card
- Adhaar Card
- Voter’s ID
- Passport Size Photo
- Driving License
- A canceled cheque
- INCOME DOCUMENTS, PROOF OF EMPLOYMENT:
- Salaried: Last 3 years of PAYSLIPS, 6 months salary account bank statement.
- Most recent salary certificate with form16.
Installments applicant is currently paying, all the numbers of credit cards and.
Personal loan interest rate comparison:
|
BANK NAME |
LOAN AMOUNT |
LOAN TENURE Yr |
LOAN INTEREST |
PRECLOSURE CHARGE |
Processing Fee Range |
|
Allahabad Bank |
Minimum-50,000 Maximum-7.5 lakhs. |
1-5 |
11.60%-13.60% |
2.25% of outstanding balance only in case of taking over. |
1.22%(minimum 1,228) |
|
Axis Bank |
Minimum-50,000 Maximum-15 lakhs. |
1-5 |
15.75%-24.00% |
NIL |
2.00%+service charge applicable. |
|
Andhra Bank |
Minimum-50,000 Maximum-1,50,000 |
1-5 |
11.55%-16.00% |
NIL |
NIL |
|
HDFC Bank |
Minimum-50,000 Maximum-25 lakhs. |
1-5 |
10.99%-21.25% |
Between 2% to 4% of the outstanding principal. |
Up to 2.50% |
|
State Bank Of India |
Minimum-25,000 Maximum-15 lakhs. |
1-5 |
10.75%-15.55% |
Between 2% to 4% of the outstanding principal. |
1.01% of the loan amount |
|
ICICI Bank |
Minimum-50,000 Maximum-40 lakhs. |
1-5 |
10.99%-18.49% |
5% of outstanding principal + GST |
0.99% to 2.25% |
|
IDBI Bank |
Minimum-50,000 Maximum-10 lakhs. |
1-5 |
10.99%-18.49% |
2% of outstanding principal. |
1%+ S.T charges |
|
Yes Bank |
Minimum-2 lakhs Maximum-20 lakhs. |
1-5 |
14% per annum. |
Within 12 to 24 months: 4% Within 24 to 36months: 3% Within 36 to 48 months: 2% After 48 months: No charges. |
2% of the principal minimum 999 |
|
Indiabulls Bank |
Minimum- Maximum-15 lakhs |
1-5 |
11.99% onwards |
5% if less than 6 months. |
Up to 5% |
|
Capital first |
Minimum-50,000 Maximum-4 Lakhs |
1-5 |
12%-16% |
4% of outstanding |
2% of the principal |
|
Aditya Birla |
Minimum-25,000 Maximum-15 lakhs |
1-5 |
11.00%-13.75% |
4% of principal outstanding in 1st year, 3% in the 2nd year, and thereafter preclosure permitted after 6 months. |
1% of principal. |
|
Fullerton |
Minimum-65,000 Maximum-25 Lakhs |
1-5 |
14.00%-33.00% |
4%of outstanding principal. |
Up to 2.00% |
|
Bajaj Finance |
Minimum-1 lakh Maximum-25 lakh |
1-5 |
13%-16% |
NIL |
1.5%-2.00% |
|
UBI(United Bank Of India) |
Minimum- Maximum-2 lakhs |
1-3 |
13.45%-14.20% |
NIL |
1% of principal. |
|
BOB(Bank of Baroda) |
Minimum-50,000 Maximum-10 lakhs. |
1-4 |
11.80%-16.80% |
Within 6 months it costs 6% after six months no charges. |
2% minimum rupees 250 |
|
PNB(Punjab National Bank) |
Minimum- Maximum-10 Lakhs. |
1-5 |
12.00%-15.00% |
NIL |
1.8%+ Taxes |
|
OBC(Oriental Bank Of Commerce) |
Minimum- Maximum-5 Lakhs |
1-5 |
10.65%-11.65% |
NIL |
0.5% Minimum RS.500 |
|
BOI(Bank Of India) |
Minimum-10,000 Maximum-5 Lakhs |
1-3 |
12.00%-14.00% |
|
2% or 1,000+10,000+ Tax. |
|
Indusind Bank |
Minimum-50,000 Maximum-25 Lakhs |
1-5 |
11%-16% |
4% of the outstanding principal |
Minimum 1% maximum 2.50% |
|
Standard Chartered Bank |
Minimum- Maximum- |
1-5 |
