Monday, November 28, 2022
Home Business Want to Avail Personal Loans? Check These Banks Offering It At Low-Interest...

Want to Avail Personal Loans? Check These Banks Offering It At Low-Interest Rates

Last Updated: November 04, 2022, 14:31 IST

While taking a personal loan, an applicant must research the loan’s tenure to repay, and interest rates.

Both the salaried and self-employed applicants can avail of a minimum loan of Rs 50,000.

We all understand the necessity of personal loans. Unlike other finances, personal loans can be used anywhere. Personal loans can be one of the most viable options in a variety of circumstances. Whether it is buying a car, education fees, moving expenses, or wedding or medical bills, personal loans can be a one-stop solution for all. These kinds of loans provide applicants with a hassle-free way of processing them. Besides this, personal loans are categorised as unsecured loans hence no need for collateral such as a home or shares.

While taking a personal loan, an applicant must research the loan’s tenure to repay, and interest rates. Personal loans are good for short-term goals but still choose the loan tenure based on your repayment capacity to avoid hampering other expenses. If you are thinking of avail of a personal loan at minimum interest rates then, this is the right place.

Top showsha video

To avail of a personal loan, a salaried person should be between 21-60 years old and a self-employed applicant between 22-55 years. Both the salaried and self-employed applicants can avail of a minimum loan of Rs 50,000. The maximum limit for a self-employed applicant loan is Rs 50 lakh, on the other hand, a salaried person has Rs 25 lakh. Here are the interest rates on personal loans of Rs 5 lacs for a 3-year tenure.

Bank Name    Interest Rates 
Bank of Maharashtra 8.9%
Punjab National Bank 9.8%
Bank of Baroda 10.2%
Kotak Mahindra 10.25 %
Canara Bank 13.15%
Axis Bank 12%
Union Bank Of India 10.70%
State Bank Of India 10.55%
HDFC Bank 11%
Indian Bank 10.3%
IDFC Bank 10.49%
Union Bank Of India 11.2%

Read all the Latest Business News here

Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular