# Which bank has less interest rate for personal loan?

HDFC Bank, ICICI Bank, Kotak Bank offer the lowest interest rate starting at 10.25% and can be considered the best bank for a personal loan.

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## Additionally, how much EMI can I get for 5 lakhs?

Calculated Monthly EMI for 5 Lakh of loan amount for 3 years at various rate of Interest:

Loan Amount Rate of Interest Per Month EMI
5 Lakh 15.00% Rs.17332.66
5 Lakh 16.00% Rs.17578.52
5 Lakh 18.00% Rs.18076.2
5 Lakh 20.00% Rs.18581.79
Hereof, how much interest will I get for 10 lakhs? Monthly Payout

Investment amount Monthly interest Cumulative interest for 5 years
1 lakh Rs. 526 Rs. 37,009
5 lakh Rs.2,629 Rs. 185,043
10 lakh Rs.5,258 Rs.3,70,087
15 lakh Rs. 7,887 Rs.5,55,130

## Also to know is, how much loan can I get on 50000 salary?

On the other hand, if you are wondering – how much personal loan can I get on a 40,000 salary, the loan sanction amount will be close to Rs. 10.80 lakhs.

Salary Expected Personal Loan Amount
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs
Rs. 60,000 Rs. 16.20 lakhs

## What is personal loan interest rate in SBI?

9.60%

Particulars Salaried/Self Employed
Interest rate 9.60% p.a.- 15.65% p.a.
Loan Amount Minimum: Rs.25,000 Maximum: Rs.20 lakh
Loan Tenure Up to 72 months
Processing Fee 1.5% of loan amount + tax

## What is the EMI for 3 lakhs personal loan?

Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :

Loan Amount Rate of Interest Per Month EMI
3 Lakh 14.00% Rs.10253.29
3 Lakh 15.00% Rs.10399.6
3 Lakh 16.00% Rs.10547.11
3 Lakh 18.00% Rs.10845.72

## What is the interest on 1 lakh loan?

1 Lakh Personal Loan Interest Rates 2021

Banks Interest Rates
HDFC Bank 10.99 – 20.75%
ICICI Bank 11.70 – 18.85%
Bajaj Finserv 11.99 – 16.00%
Fullerton India 14.00 – 33.00%

## Which bank gives loan easily?

HDFC Bank customers can get Personal Loans with minimal or no documentation. In fact, if they are pre- approved for a Personal Loan, they can easily apply for it. Lower interest rates: Interest rates on Personal Loans are lower than other sources.

## Which bank has the easiest personal loan approval?

The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates that they consider people with scores below the fair credit range (below 640). So even people with bad credit may be able to qualify.

## Which loan interest is low in India?

Lowest Personal Loan Rates Comparison

Banks Interest Rate Processing Fees
ICICI Bank 10.25% Upto 2.25% of Loan Amount
Kotak Bank 10.25% Starting from Rs.999
HDFC Bank 10.25% Upto 2.50% Min ₹ 999
Axis Bank 10.49% Rs.4,999

## Which private bank is best for personal loan?

Top Private Sector Banks Offering Personal Loans

Bank Interest Rate (p.a.) Repayment Tenure
ICICI Bank 11.25% onwards 12 months to 60 months
Axis Bank 16% to 24% 12 months to 60 months
HDFC Bank 15.50% to 21.50% 12 months to 60 months
Kotak Mahindra Bank 10.99% to 24% Up to 60 months