Personal loan with lowest interest rate

    Personal loan from banks with lowest interest rate

    Below are the list of banks providing Lowest Interest Rate on Personal Loans
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    Induslnd Bank30,000 - 50 Lacs
    Salaried - Sellf employed
    Net annual income to be more than Rs 4.8 lakhs.
    undefined%5 years
    PNBUpto 20 lakh
    Self Employed
    Income Tax Returns for the past 3 financ
    Income Tax Returns for the past 3 financial years along with address proof and age proof in case of self-employed individuals
    show moreshow less
    undefined%upto 7 years
    Axis BankRs. 40 Lakhs
    Salaried
    Cibil Score greater then or equal to 700
    undefined%12 months to 60 months.
    IDFC FirstUpto Rs 1 crore
    Salaried/Self-employed individuals
    Business must be in existence atleast fo
    Business must be in existence atleast for 3 years and profit after tax must be in profit
    show moreshow less
    undefined%upto 5 years
    HDFC BankUpto 40 Lakh
    Salaried/Self-employed
    Cibil Score greater then 750
    undefined%1 - 5 Years
    ICICI BankRs 50,000 up to Rs 25,00,000.
    Salaried/Self-employed individuals
    Cibil Score greater then or equal to 700
    undefined%12 months to 72 months.
    Bank of IndiaUpto Rs.1 lakh
    Salaried /Self Employed
    Star Mitra Loan
    undefined%12-60 months
    CitibankUpto Rs.30 lakh
    Salaried/Self-employed
    Cibil Score greater then 700
    undefined%upto 60 months
    Bank of BarodaUpto Rs.20 lakh
    Govt Employees / defence personnel maint
    Govt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 & 186
    show moreshow less
    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+1.50 BRLLR+SP+2.00
    show moreshow less
    undefined%upto 60 months

    Personal loan from PSU banks with lowest interest rate

    Below are the list of PSU banks providing lowest interest rates
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    Union Bank of India
    Up to Rs.5.00 lakhs to Rs.50.00 lakh
    Union Personal - Under Tie-up/ Non Tie-up Salaried
    Union Personal - Under Tie-up/ Non Tie-up Salaried/ Self Employed (women Professional)
    show moreshow less
    Cibil Score for Tie-up below 700 & Non T
    Cibil Score for Tie-up below 700 & Non Tie-up (salaried/Self Employed) above or equal to 700
    show moreshow less
    undefined%upto 60 months
    Union Bank of India
    Up to Rs.5.00 lakhs to Rs.50.00 lakh
    UNION WOMEN PROFESSIONAL PERSONAL Salaried
    Cibil Score less then 700
    undefined%upto 60 months
    Bank of Baroda
    Up to Rs.20 lakh
    Govt Employees / defence personnel maintaining sal
    Govt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 and 186
    show moreshow less
    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+1.50 BRLLR+SP+2.00
    show moreshow less
    undefined%upto 60 months
    Bank of Baroda
    Maximum Rs.20.00 lakhs (it is linked wit
    Maximum Rs.20.00 lakhs (it is linked with borrower’s occupation and account relationship with Bank). Minimum Rs.1.00 lakh for Metro and Urban Branch Rs.0.50 lakh for Rural and Semi-Urban Branch
    show moreshow less
    Gold: Same target customers as mentioned in Silver
    Gold: Same target customers as mentioned in Silver Category, however, salary account must be with our Bank. All Category:A,B,C Enployees
    show moreshow less
    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+2.00 BRLLR+SP+6.85
    show moreshow less
    undefined%upto 60 months
    Bank of India
    N/A
    Salaried/Pensioner
    Star Suvidha Express Personal Loan(SSEPL)
    undefined%upto 60 months
    Central Bank
    Up to Rs 15 Lakh
    Salaried - Sellf employed
    Permanent employees of government instit
    Permanent employees of government institutions, railways, central and state governments, hospitals, schools, municipal bodies, etc. and must have completed at least one year of service Permanent employees of multinational/Indian companies with at least 3 years of service
    show moreshow less
    undefined%upto 7 years
    State Bank of India
    up to Rs. 20 lakhs
    Salaried - Sellf employed
    SBI Pension Loan Jai Jawan Pension Loan
    SBI Pension Loan Jai Jawan Pension Loan Pension Loan Scheme For Treasury and PSU Pensioners Pre-Approved Pension Loans(PAPNL) Pre-approved Insta Pension Top-Up
    show moreshow less
    undefined%upto 60 months
    UCO Bank
    20 times of Gross Monthly Income subject
    20 times of Gross Monthly Income subject to maximum of Rs.15 Lacs
    show moreshow less
    Salaried
    UCO Cash
    undefined%Up to 7 years
    Yes Bank
    Rs 1-Rs 40 lakh
    Salaried - Sellf employed
    Income proof – last 3 months’ bank statement
    undefined%1-5 years
    PNB
    upto 20 Lakhs
    Salaried - Sellf employed
    Cibil Score greater then or equal to 800
    Cibil Score greater then or equal to 800 Cibil greater then or equal to 750 less then 800 Or With Nil credit history (i,e -1 or 0)
    show moreshow less
    undefined%upto 6 years
    PNB
    upto 20 Lakhs
    Govt Employees
    Cibil score 650 to 749
    undefined%upto 6 years
    PNB
    upto 20 Lakhs
    Salaried
    Cibil Score less then 650
    undefined%upto 6 years
    PNB
    upto 20 Lakhs
    PNB Doctor’s Delight – Personal Loan Scheme for Do
    PNB Doctor’s Delight – Personal Loan Scheme for Doctors
    show moreshow less
    Must have a continued occupancy at the p
    Must have a continued occupancy at the present residence for at least two years.
    show moreshow less
    undefined%upto 7 years
    PNB
    upto 10 Lakhs
    PERSONAL LOAN SCHEME FOR PENSIONERS
    Demand Loan/ Term Loan/ Overdraft
    undefined%upto 2 years
    Bank of India
    upto 10 lakh
    Salaried /Self Employed
    Star Personal Loan Star Mitra Loan
    undefined%upto 60 months

    Personal loan from Private banks with lowest interest rate

    Below are the list of Private Banks providing lowest interest rates
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    HDFC BankUpto 40 LakhSalaried/Self-employed
    Cibil Score greater then 750
    undefined%1 - 5 Years
    ICICI BankRs 50,000 upto Rs 25,00,000.Salaried/Self-employed individuals
    Cibil Score greater then or equal to 700
    undefined%12 months to 72 months.
    Axis BankRs. 40 LakhsSalaried
    Cibil Score greater then or equal to 700
    undefined%12 months to 60 months.
    Kotak MahindraUpto Rs.40 lakhsSalaried
    Cibil Score greater then or equal to 700
    undefined%60 months
    IDFC FirstUpto Rs 1 croreSalaried/Self-employed individuals
    Business must be in existence atleast fo
    Business must be in existence atleast for 3 years and profit after tax must be in profit
    show moreshow less
    undefined%upto 5 years
    Federal BankUpto Rs.25 Lakhsalaried individuals
    Cibil Score greater then 750
    undefined%upto 60 months
    CitibankUpto Rs.30 lakhSalaried/Self-employed
    Cibil Score greater then 700
    undefined%upto 60 months
    Induslnd Bank30,000 - 50 LacsSalaried - Sellf employed
    Net annual income to be more than Rs 4.8 lakhs.
    undefined%5 years
    RBL BankRs.1 lakh upto Rs. 20 lakhsSalaried
    Minimum income of Rs.25,000 per month
    undefined%12 to 60 months
    India BullsRs 1,000- Rs 15 lakhSalaried - Sellf employed
    Cibil Score greater then 750
    undefined%3 months-2 years

    Personal loan from NBFCs with lowest interest rate

    Below are the list of NBFCs providing lowest interest rates
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    IIFL ltdupto 5 lakhSalaried - Sellf employed
    Sourcable location will Mumbai,Delhi,Pun
    Sourcable location will Mumbai,Delhi,Pune,Banglore,Hyderabad and chennai
    show moreshow less
    undefined%upto 42 months
    HDB Financial Servicesupto 20 LakhsSalaried - Sellf employed
    Cibil Score greater then or equal to 750
    undefined%12-60 months
    Mahindra Financeupto 15 lakhSalaried
    The personal loan facility is only permi
    The personal loan facility is only permissible for Mahindra Group employees and existing customers of Mahindra Finance So, the credit is available for those working (confirmed employees) for M and M Ltd. Also, the employees of M and M Ltd. subsidiary companies can take the loan
    show moreshow less
    undefined%24-60 months
    Tata CapitalAny amountSalaried
    Cibil Score greater then or equal to 750
    undefined%upto 6 years
    Aditya Birla Capitalupto 50 lakhSalaried
    Minimum net monthly income that is not l
    Minimum net monthly income that is not less than 45000
    show moreshow less
    undefined%upto 7 years

    Related Personal loan News

    Home loan tax benefits (FY2023-24): How to save tax on home loan

    How to save tax on home loan: The two components of the home loan EMI you pay are the principal repayment and interest. The majority of the EMI is deductible for self-occupied property under section 80C of the Income-tax Act of 1961.

    Home loan tax benefits (FY2023-24): How to save tax on home loan
    Latest SBI loan interest rates July 2024: State Bank of India increases loan rates by up to 10 bps

    SBI loan interest rates July 2024: The State Bank of India (SBI) has raised its marginal cost of fund-based lending rate (MCLR) by a maximum of 10 basis points (bps) for specific time periods. This adjustment will lead to an increase in the expenses for most consumer loans (such as auto or home loans) for borrowers.

    Latest SBI loan interest rates July 2024: State Bank of India increases loan rates by up to 10 bps
    Important factors that decide home loan eligibility

    Home loan eligibility depends primarily on the income and repayment track record of the borrowers or individuals opting for the loan.

    Important factors that decide home loan eligibility
    Loan interest rates in July 2024: These 7 banks have revised loan interest rates in July

    Loan interest rates in July 2024: Marginal Cost of Funds based Lending Rate (MCLR) is the minimum lending rate below which a bank is not permitted to lend. Here is a look at the list of banks that have revised their MCLR in July 2024.

    Loan interest rates in July 2024: These 7 banks have revised loan interest rates in July
    Affordable housing tax relief: Budget 2024 expected to bring back deduction on home loan interest payment, other measures

    Budget: India's real estate sector is currently facing a combination of challenges and opportunities. One significant opportunity is the increasing demand for affordable housing, which is being driven by government initiatives such as PMAY (Pradhan Mantri Awas Yojana) and urbanization trends.

    Affordable housing tax relief: Budget 2024 expected to bring back deduction on home loan interest payment, other measures
    SBI loan against mutual funds: How to avail, interest rate, processing fee

    State Bank of India (SBI) launches an online loan facility against mutual fund (MF) units via Internet Banking (INB) and the YONO App. The new loan facility is extended at attractive interest rates to mutual fund schemes of all Asset Management Companies (AMCs) registered with CAMS.

    SBI loan against mutual funds: How to avail, interest rate, processing fee

    WEALTH NEWSLETTER

    The week's best and important stories for all your personal finance needs

    The Economic Times