Compare Best Personal Loan in India
|Bank||Interest Rates||Lowest EMI Per Lakh|
|HDFC Bank Personal Loan ⊕ Compare||10.25%||₹ 2,137|
|ICICI Bank Personal Loan ⊕ Compare||10.25%||₹ 2,137|
|Bajaj Finserv Personal Loan ⊕ Compare||12.99%||₹ 2,275|
|IDFC First Bank Personal Loan ⊕ Compare||10.49%||₹ 2,149|
Similarly one may ask, how much EMI can I get for 5 lakhs?
EMI Calculation for 5 Lakh Home Loan amount for Various Tenure Options:
|Tenure Options||EMI Per Month|
|5 Years||Rs. 9,853|
|10 Years||Rs. 5,754|
|15 Years||Rs. 4,438|
|20 Years||Rs. 3,817|
In this manner, how much interest will I get for 10 lakhs?
|Investment amount||Monthly interest||Cumulative interest for 5 years|
|1 lakh||Rs. 526||Rs. 37,009|
|5 lakh||Rs.2,629||Rs. 185,043|
|15 lakh||Rs. 7,887||Rs.5,55,130|
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|
A: A salary of Rs. 15,000 generally falls in the category of a low-income borrower group. So, an instant personal loan app with a maximum approval amount of 1.5 Lakhs can be availed by the borrower with a starting salary of Rs. 15,000.
- Personal Loans: Most banks offer personal loans to their customers and the money can be used for any expense like paying a bill or purchasing a new television. …
- Credit Card Loans: …
- Home Loans: …
- Car Loans: …
- Two-Wheeler Loans: …
- Small Business Loans: …
- Payday Loans: …
- Cash Advances:
Calculated Monthly EMI for 300000 of loan amount for 3 years at various rate of Interest :
|Loan Amount||Rate of Interest||Per Month EMI|
1 Lakh Personal Loan Interest Rates 2021
|HDFC Bank||10.99 – 20.75%|
|ICICI Bank||11.70 – 18.85%|
|Bajaj Finserv||11.99 – 16.00%|
|Fullerton India||14.00 – 33.00%|
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.
The major bank with the lowest interest rate for a personal loan is Barclays, at 5.74%. Other notable banks with low personal loan rates include HSBC (5.99%) and PNC (5.99%).
Compare Best Personal Loans at Lowest Interest Rates in India 2021
|List of Banks/Lenders||Personal Loan Interest Rates||Loan Amount|
|HSBC||9.99% – 14.00%||Upto INR 30 lakh|
|ICICI Bank||10.50% onwards||Upto INR 40 lakh|
|IDBI Bank||9.50% – 14.00%||Upto INR 10 lakh|
|IndusInd Bank||11.00% Onwards||Upto INR 15 lakh|
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|
Top Home Loan Schemes & Offers
- Kotak Mahindra Bank – Best for Low Interest Rate. …
- SBI Bridge Home Loan – Best for Short-Term Requirements. …
- ICICI Bank Extra Home Loans– Best for Long Term Requirements. …
- Canara Bank Housing Loan – Best Interest Rate for Women. …
- Axis Bank Home Loan – Best Interest Rate for Salaried Employees.
Best for lower interest rates
Secured personal loans often come with lower interest rates than unsecured personal loans. That’s because the lender may consider a secured loan to be less risky — there’s an asset backing up your loan.