The interest rates for personal loans from top private sector lenders usually begin at 10.49% per annum. However, personal loan interest rates vary on factors like credit score, monthly income, employment, etc. Interest rates vary across lenders, so loan applicants should shop around and compare the interest rates offered by as many lenders as possible before zeroing in on a lender.
Best Lowest Interest Rate Personal Loans in India
|
Financial institution |
Rate of interest (p.a.) |
Loan Amount in INR |
|
Central Bank of India |
Begins from 8.45% onwards |
Upto INR 20 lakhs |
|
UCO Bank |
Begins from 8.45% onwards |
Upto INR 10 lakhs |
|
Union Bank of India |
Begins from 8.90% onwards |
Up to INR 15 lakhs |
|
Punjab National Bank |
Begins from 8.95% onwards |
INR 25,000 to INR 15 lakhs |
|
Indian Bank |
Begins from 9.05% onwards |
According to the applicant’s profile |
|
Bank of India |
Begins from 9.35% onwards |
Up to INR 10 lakhs |
|
IDBI Bank |
Begins from 9.50% onwards |
INR 25,000 to INR 5 lakhs |
|
Bank of Maharashtra |
Begins from 9.55% onwards |
Up to INR 20 lakhs |
|
State Bank of India |
Begins from 9.60% onwards |
Up to INR 20 lakhs |
|
HSBC |
Begins from 9.75% onwards |
Up to INR 30 lakhs |