When it comes to availing a personal loan, it would not be wrong to say that the first and foremost thing that grabs the attention of all is the interest rate. That’s Right! And, why not, after all interest rates play a crucial role as far as availing a loan is concerned. Moreover, they impact your overall loan journey in various ways, hence are considered to be an important factor.
So, the moment you decide to avail a loan, before finalizing a lender, it would be advisable that you should know the rates of various banks.
Well, in today’s time, plenty of lenders are there, best known for offering the personal loan deal to one and all. Thus, with so many options, it is obvious for an applicant to get confused as which lender is the best. If you also want to avail a loan but in a state of dilemma as which lender is offering the best deal, nothing to worry as we are here to help. Yes, in this article, we are going to talk about all bank personal loan interest rate so that it would be easy for you to figure out which lender is offering the best deal.
Now, no hassle of searching different sites because in this article you will get everything under one roof. So, without wasting any time further, let’s get started and make you aware of the facts below….
HDFC: One of the largest banks in the country, there is no denying the fact that this lender by offering the loan at an interest rate of 10.99%-16.75% per annum caters the needs of all. With rates as low as 10.99%, your EMI and Interest burden can also be reduced in the future. Thus, the lender is a preferred choice of many as far as availing the loan is concerned.
ICICI: Another prominent name in the banking arena, the bank by offering the loan at an interest rate of 11%-18.49% per annum grabs the attention of one and all. The lender, by offering the credit at the lowest rates, helps in minimizing your loan repayment burden. Yes, your overall Interest Outgo and EMIs will also be reduced in the effect of attractive rates offered by the lender.
Bajaj Finserv: Being a renowned NBFC, Bajaj since its inception has been offering the best financial services to all the needful. Currently, the lender is offering the credit at an interest rate of 11.99%-16% per annum in order to fulfill the multiple needs of one and all. With lower rates, a borrower can also enjoy pocket-friendly EMIs and Interest Outgo, hence can save a lot.
SBI: Country’s largest lender, State Bank of India by providing the personal loan at a rate of 11.90%-14.90% per annum ensures to meet the personal needs of one and all in the best way. With the help of availing this credit facility, you can also enjoy lower monthly installments and Interest Outgo. Hence, can save a lot, which can further be invested in another investment instrument in the future.
Kotak Mahindra Bank: A well-known name of the banking sector, this lender by offering the personal loan at an attractive rate of 10.99%-17.99% enables the wishes of all. Well, with lowest rates, the only endeavor of the bank is to reduce the monthly installments and Interest Outgo of all the applicants so that they can save more.
Axis Bank: It is a reputed bank widely known for offering the best personal loan at an interest rate of 15.50%-24% per annum. With the help of offering the credit at a competitive rate, the only endeavor of the bank is to give something best to all its borrowers by reducing the EMIs and Interest Outgo.
Tata Capital: Since its inception, this NBFC with its best of financial products is fulfilling the personal desires of all. This financial firm offers the credit at a rate of 13%-21% per annum so that all the borrowers can also save their money on EMI and Interest front.
In a nutshell, now that you know all bank personal loan interest rate, I hope it would be an easy journey for you in the future.