Which bank is best for personal loan interest rates?

Current Interest Rate on Personal Loans

Bank Interest Rate (p.a.) Processing Fee
ICICI Bank 10.5% p.a. – 19% p.a. Up to 2.25%
HDFC Bank 10.5% p.a. – 21.00% p.a. Up to 2.50%
Yes Bank 13.99% p.a. – 16.99% p.a. Up to 2.50%
Citibank 9.99% p.a. – 16.49% p.a. Up to 3%

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Furthermore, how much personal loan can I get if my salary is 15000?

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.

Regarding this, how much personal loan can I get if my salary is 30000? How much personal loan can I get on a ₹30000 salary? According to the Multiplier method, on a salary of ₹30000, you will be eligible for ₹8.10 lakhs for 5 years. Going by the Fixed Obligation Income Ratio method, if you have monthly EMIs of ₹3000, you will be eligible for an amount of ₹7.70 lakhs.

People also ask, how much personal loan can I get if my salary is 40000?

Multiplier Method

Salary Expected Personal Loan Amount
Rs. 20,000 Rs. 5.40 lakhs
Rs. 30,000 Rs. 8.10 lakhs
Rs. 40,000 Rs. 10.80 lakhs
Rs. 50,000 Rs. 13.50 lakhs

Which bank gives loan easily?

Comparison of Best Personal Loan Providers in India

Lender Interest Rate (p.a.) Processing Fee
HDFC Bank 10.25% – 21% Up to 2.5% (Maximum Rs. 25,000)
Kotak Mahindra Bank 10.25% onwards Up to 2.5%
Federal Bank 10.49% – 17.99% Up to 3%
IDFC FIRST Bank 10.49% onwards Up to 3.5% (Minimum Rs. 2,999)**

Which bank has the lowest 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.

Which loan is cheaper as per interest rate?

Since the loan amount is backed by the gold pledged by the borrower, the interest rates are usually on the lower side.

Gold Loan Lenders Interest Rates (In Per Annum)
HDFC Bank 9.50% – 17.55%
State Bank of India (SBI) 7.50%

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