Which Bank is Best for Personal Loan with Low Interest?

Hello Prayas, I can help you with which bank offers lowest interest rate on personal loans in India. I took a personal loan a while ago and compared the interest rates to find the best option. I went with the HDFC Bank, which offered me the lowest interest. 

You also have to see your application and the bank which offers you the lowest interest based on it. I will help you with this by sharing some information below.

Which Bank is Giving Lowest Interest Rate for Personal Loan?

Here are the personal loan interest rates for all the top banks in India. 

What are the Factors Affecting Personal Loan Interest Rate?

1. Credit history: Your credit history plays an important role in determining the interest rate. A consistent repayment history, along with a healthy credit score would help in a lower interest rate.

2. Relationship with the Bank: If you have an existing relationship with the bank, you can expect more favourable terms.

3. Employment and Income: If you have a stable income with a stable job, the chances of landing a lower interest will increase significantly. 

This is all from my end. I hope you now know which bank has lowest interest rate for personal loan.

Let me help you with which bank has lowest interest rate on personal loan. The best bank for a personal loan with low interest rates depends on several factors, including your credit score, income, and the loan amount you require.

The list for which bank is best for personal loan with low interest is as follows:

•      

  State Bank of India with interest rate of 9.60% - 15.30% p.a.

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  ICICI Bank with interest rate of 10.50% to 18.49% p.a.

•      

  HDFC Bank with interest rate of 10.50% to 21.50% p.a.

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  Kotak Mahindra Bank with interest rate of 10.50% - 20.99% p.a.

•      

  Axis Bank with interest rate of 12% - 24% p.a.

•      

  CitiBank with interest rate of 9.99% to 18.99% p.a.

•      

  Bajaj Finserv with interest rate of 13% to 16% p.a.

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  Bank of Baroda with interest rate of 10.50% to 16.60% p.a.

•      

  Standard Chartered with interest rate of 11.49% to 19% p.a.

•      

  Tata capital with interest rate of 11.25% to 19% p.a.

I hope this clarifies

which bank has lowest interest on personal loan in India.

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