The most important factor that determines how to choose a personal loan is the interest rate offered. Hence, the first step to take before choosing a personal loan is to compare the interest rates offered by various banks for personal loans. Other factors that should be taken into account before choosing the best bank for personal loans are
Other fees and charges like processing fees, late fees, etc.
Interest Rates of Top Banks For Personal Loans - A Comparison
Bank |
Minimum Interest Rate on personal loans (%) |
Axis Bank |
10.65% |
Bank of Baroda |
13.15% |
HDFC Bank |
10.5% |
ICICI Bank |
10.65% |
IndusInd Bank |
10.49% |
Karur Vysya Bank |
13% |
Kotak Mahindra Bank |
10.99% |
Punjab National Bank |
13.75% |
State Bank of India |
12.30% |
Yes Bank |
10.49% |
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