You asked: Which bank gives lowest interest rate for 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 10.50% ₹ 2,149
Bajaj Finserv Personal Loan ⊕ Compare 12.99% ₹ 2,275
IDFC First Bank Personal Loan ⊕ Compare 10.49% ₹ 2,149

Which is the best bank for personal loan in India?

Comparison of Best Personal Loan Providers in India

Name of the Lender Loan Amount Interest Rate (p.a.)
State Bank of India (SBI) Up to Rs. 20 lakh. 9.60% onwards
HDFC Bank Up to Rs. 40 lakh. 10.50% onwards
ICICI Bank Up to Rs. 25 lakh. 10.50% onwards
Axis Bank Up to Rs. 15 lakh. 11% onwards

Which private bank is best for personal loan?

Top Private Sector Banks Offering Personal Loans

Bank Interest Rate (p.a.) Repayment Tenure
HDFC Bank 15.50% to 21.50% 12 months to 60 months
Kotak Mahindra Bank 10.99% to 24% Up to 60 months
YES Bank 10.75% onwards 12 months to 60 months
Citibank 10.99% to 13.75% 12 months to 60 months
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What is the max personal loan I can get?

The maximum personal loan amount available to the most qualified applicants is $100,000, at least among major lenders. But only a few major lenders even offer the chance of loan amounts as high as $100,000.

What is the biggest loan you can get from a bank?

How much can I borrow with a personal loan? You can generally find personal loans from $2,000 to $50,000 though some lenders offer personal loans as large as $100,000. Even if a lender offers up to $100,000, you might be eligible for that amount.

How much personal loan can I get if my salary is 15000?

HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.

Which bank FD is best?

Fixed Deposit Interest Rates

Bank name Tenure Interest rate (%) per annum
IDFC Bank 91 days to 180 days 6.75
Kotak Mahindra Bank 181 to 363 days 6.5
SBI 180 to 210 days 6.35
Axis Bank 6 months to 8 months 29 days 6.25

How much personal loan can I get if my salary is 20000?

Consider – how much personal loan can I get on a 20,000 salary? Sans any other financial obligations, you can expect to be eligible for a loan of Rs. 5,40,000.

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

How can I get a cheap personal loan?

4 Ways to get the best personal loan interest rate

  1. Highlights.
  2. Maintain a good credit score of 750 and above.
  3. Compare lenders to find the best interest rate.
  4. Keep an eye open for promotional offers and deals.
  5. Leverage your employment status to get better terms.
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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.

What happens when you don’t pay personal loan?

A due course of action will take place. But if one is unable to pay personal loan EMI (say), this does not make him/her a criminal. … Loan defaulter will not go to jail: Defaulting on loan is a civil dispute. Criminal charges cannot be put on a person for loan default.

What is the monthly payment on a $10000 loan?

In another scenario, the $10,000 loan balance and five-year loan term stay the same, but the APR is adjusted, resulting in a change in the monthly loan payment amount.

How your loan term and APR affect personal loan payments.

Your payments on a $10,000 personal loan
Monthly payments $201 $379
Interest paid $2,060 $12,712

How much loan can I get on 35000 salary?

Understand your salary:

Net Monthly Income (₹) Loan Amount (₹)
₹ 30,000 ₹ 17,09,806
₹ 35,000 ₹ 20,46,586
₹ 40,000 ₹ 23,83,366
₹ 50,000 ₹ 30,56,926
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