Personal Loan: From SBI To HDFC, These Banks Offering Lowest Interest Rate -- Check Out Full List, And EMI Calculator Here

The interest rate of Union bank of India on a 1 lakh loan amount for 5 years of time period varies from 9.3 percent to 13.4 percent. Depending on the rate offered, the EMI may range from Rs 2090 to 2296. Union bank of India charges 0.5 percent processing fee of the loan amount.

The interest rate of the Bank of Maharashtra on a 1 lakh loan amount for 5 years of time period varies from 9.5 percent to 12.8 percent. Depending on the rate offered, the EMI may range from Rs 2100 to 2265. Bank of Maharashtra charges 1 percent processing fee of the loan amount excluding GST.

The interest rate of Indian Bank of India on a 1 lakh loan amount for 5 years of time period varies from 10 percent to 12.4 percent. Depending on the rate offered, the EMI may range from Rs 2125 to 2245. Indian Bank charges 1 percent processing fee of the loan amount. The bank didn't charge any processing fee from government and PSU employees.

The interest rate of the Bank of India on a 1 lakh loan amount for 5 years of time period varies from 10.35 percent to 14.85 percent. Depending on the rate offered, the EMI may range from Rs 2142 to 2371. Bank of India charges 2 percent processing fee of the loan amount. 

The interest rate of the HDFC Bank on a 1 lakh loan amount for 5 years of time period varies from 10.35 percent to 21 percent. Depending on the rate offered, the EMI may range from Rs 2142 to 2705. HDFC Bank charges 2.5 percent processing fee of the loan amount. 

The interest rate of the Axis Bank on a 1 lakh loan amount for 5 years of time period varies from 10.49 percent to 13.65 percent. Depending on the rate offered, the EMI may range from Rs 2149 to 2309.

The interest rate of the Catholic Syrian Bank on a 1 lakh loan amount for 5 years of time period varies from 10.49 percent to 24 percent. Depending on the rate offered, the EMI may range from Rs 2149 to 2877. Catholic Syrian Bank charges 1 percent processing fee of the loan amount. 

The interest rate of the IDFC First Bank on a 1 lakh loan amount for 5 years of time period varies from 10.49 percent to 24 percent. Depending on the rate offered, the EMI may range from Rs 2149 to 2877. IDFC First Bank charges up to 3.5 percent processing fee of the loan amount. 

The interest rate of the ICICI Bank on a 1 lakh loan amount for 5 years of time period varies from 10.75 percent to 19 percent. Depending on the rate offered, the EMI may range from Rs 2162 to 2594. ICICI Bank charges up to 2.5 percent processing fee of the loan amount. 

The leading public sector Bank of Baroda offers personal loans at 10.9 percent to 18.25 percent. The processing fee in this case is from 1 percent to 2 percent plus GST.

 

The interest rate on IDBI Bank's personal loan is from 11 percent to 15.45 percent and the bank charge 1 percent of the loan amount as a processing fee. EMI may vary from Rs 2174 to Rs 2405.

 

You have to pay an interest rate from 11 percent to 14 percent interest rate if you opt to take a personal loan from SBI. Your EMI varies from Rs 2174 to Rs 2327 on a loan amount of Rs 1 lakh for 5 years. The bank charge 1 .5 percent of the loan amount as processing fees.

Punjab & Sind Bank charges interest rate ranging from 11.15 percent to 12.75 percent on personal loan of Rs 1 lakh for 5 years. Converting this to EMIs, you have to pay from Rs 2182 to Rs 2263. Bank also charge from 0.5 percent to 1 percent as a processing fee.

The interest rate of Punjab National Bank on 1 lakh loan amount for 5 years of time period varies from 11.4 percent to 16.25 percent. Depending on the rate offered, the EMI may ranges from Rs 2194 to 2445. Punjab National Bank charges 1 percent processing fee of the loan amount. The bank didn't charge any processing fee from defence staffs.