Generally Personal Loan interest rates are costlier, but in emergency cases it would be wanted as it was offered without any collateral security.
Personal Loans are offered to those who have good income source and having CIBIL score of 750+ Let’s compare the personal loan interest rates of various banks-
|Bank Name||Interest Rate|
|Union Bank of India||8.90%|
|Punjab National Bank(PNB)||8.95%|
|Bank of Baroda||10%|
|Bank of Maharashtra||9.45%|
|Kotak Mahindra Bank||10.75%|
|Indian Overseas Bank||10.80%|
|Karur Vysa Bank||12%|
Note- The above interest rates are fetched from their official websites and are subject to change from time to time.
This is for informative purpose only! Please consult your preferred bank to check exact interest rates as on date of opting personal loan