The List Of Banks That Offers Personal Loans?

·         SBI Personal Loan ·           ·         12.50% ·         1% ·          
·         HDFC Bank Personal Loan ·           ·         10.75% ·         Up to 2.50% ·          
·         ICICI Bank Personal Loan ·           ·         11.25% ·         Starting from 0.99- 2.25% ·          
·         Bajaj Finserv ·           ·         11.99% ·         Starting from 1.50 – 3% ·          
·         Citibank ·           ·         10.50% ·         Up to 0.5% ·          
·         IDFC First Bank ·           ·         11.25% ·         1 – 1.5% ·          
·         Axis Bank ·           ·         11.25% ·         1.50- 2.00% ·          
·         Tata Capital ·           ·         10.99% ·          Up to 2.50% ·          
·         Fullerton India ·           ·         11.99% ·         2% ·          
·         IndusInd Bank ·           ·         11.00% ·          0.75%  -1.75% ·          
·         Kotak Bank ·           ·         10.75% ·         Up to 2.5% ·          
·         RBL Bank ·           ·         13.99% ·         Up to 2% ·          
·         IIFL ·           ·         12.99% ·         1 – 2% ·          
·         HDB Financial ·           ·         13.99% ·         Up to 2% ·          
·         Andhra Bank ·           ·         11.55% ·         N/A ·          
·         Yes Bank ·           ·         10.99% ·         Starting 0.99% – 2% ·          
·         Muthoot ·           ·         14.00% ·         2.5-3.5% ·          
·         Standard Chartered Bank ·           ·         10.99% ·         1.00% ·          
·         Bank of Baroda ·           ·         11.60% ·         2%, ·          
·         Union Bank of India ·           ·         12.70% ·         0.5% ·          
·         Canara Bank ·           ·         13.00% ·         0.50% ·          
·         Bank of Maharashtra ·           ·         15.10% ·         1%, ·          
·         IDBI Bank ·           ·         13.20% ·         1% ·          
·         Allahabad Bank ·           ·         12.15% ·         1.06%, ·          
·         Federal Bank ·           ·         11.49% ·         0.5% ·          
·         Karur Vysya Bank ·           ·         13.90% ·         0.40% ·          
·         Syndicate Bank ·           ·         13.40% ·         0.5%, ·          
·         Corporation Bank ·           ·         12.95% ·         1.5%, ·          
·         PNB ·           ·         12.00% ·         1.8% + taxes ·          
·         Indian Overseas Bank ·           ·         12.70% ·         Rs. 204 per lakh ·          
·         Indian Bank ·           ·         11.05% ·         0.5%, Min- Rs. 508 ·          

Personal loans are available for both salaried and self-employed professionals. However, there are certain criteria individuals must fulfil in order to be eligible for availing personal loans. Personal loans are unsecured in nature, therefore, it is also known as unsecured loans.

Since personal loans are unsecured, therefore, banks levy huge number of interest rates. However, in there are few banks and financial institution that offers lower interest rates then. In this article, we will provide a list of personal loans with the lowest interest rates.

Why you need A Personal Loan?

  • In time of immediate financial crisis and need to have access to money.
  • You can’t apply for a secured loan.
  • You don’t have time to follow the procedure for following the lengthy loan process.

Benefits of A Personal Loan?

There are certainly benefits of taking a personal loan and if you wonder what these benefits can be, Take a peek below.

  • You don’t have to own any asset or property to obtain a personal loan.
  • Banks are quick to approve personal loans. You don’t have wait for days to get your loan approved.
  • Minimum documentation is required for applying for a personal loan.

In order to get the best deal on personal loans it is important to compare various personal loans. You can start it by curating an excel sheet and compare various data.