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

    Updated on 08th Sept 2023

    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.
    10.25%-27%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
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    10.40%upto 7 years
    Axis BankRs. 40 Lakhs
    Salaried
    Cibil Score greater then or equal to 700
    10.49%-22%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
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    10.5%-36%upto 5 years
    HDFC BankUpto 40 Lakh
    Salaried/Self-employed
    Cibil Score greater then 750
    10.5%-24%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
    10.5%-16%12 months to 72 months.
    Bank of IndiaUpto Rs.1 lakh
    Salaried /Self Employed
    Star Mitra Loan
    10.70%12-60 months
    CitibankUpto Rs.30 lakh
    Salaried/Self-employed
    Cibil Score greater then 700
    10.75%-16.49%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
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    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+1.50 BRLLR+SP+2.00
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    10.9%-11.40%upto 60 months

    Personal loan from PSU banks with lowest interest rate

    Below are the list of PSU banks providing lowest interest rates

    Updated on 08th Sept 2023

    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)
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    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
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    11.4%-15.5%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
    11.55%-12.55%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
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    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+1.50 BRLLR+SP+2.00
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    10.90%-11.4%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
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    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
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    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+2.00 BRLLR+SP+6.85
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    11.4%-16.25%upto 60 months
    Bank of India
    N/A
    Salaried/Pensioner
    Star Suvidha Express Personal Loan(SSEPL)
    10.25%-11.25%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
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    12.35%-12.55%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
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    11.15%-11.65%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
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    Salaried
    UCO Cash
    12.55%-12.8%Up to 7 years
    Yes Bank
    Rs 1-Rs 40 lakh
    Salaried - Sellf employed
    Income proof – last 3 months’ bank statement
    10.99%-20%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)
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    10.4%-14.75%upto 6 years
    PNB
    upto 20 Lakhs
    Govt Employees
    Cibil score 650 to 749
    15.75%-16.45%upto 6 years
    PNB
    upto 20 Lakhs
    Salaried
    Cibil Score less then 650
    16.25%-16.95%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
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    Must have a continued occupancy at the p
    Must have a continued occupancy at the present residence for at least two years.
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    10-4%-11.4%upto 7 years
    PNB
    upto 10 Lakhs
    PERSONAL LOAN SCHEME FOR PENSIONERS
    Demand Loan/ Term Loan/ Overdraft
    11.75%upto 2 years
    Bank of India
    upto 10 lakh
    Salaried /Self Employed
    Star Personal Loan Star Mitra Loan
    10.7%-14.15%upto 60 months

    Personal loan from Private banks with lowest interest rate

    Below are the list of Private Banks providing lowest interest rates

    Updated on 08th Sept 2023

    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    HDFC BankUpto 40 LakhSalaried/Self-employed
    Cibil Score greater then 750
    10.5%-24%1 - 5 Years
    ICICI BankRs 50,000 upto Rs 25,00,000.Salaried/Self-employed individuals
    Cibil Score greater then or equal to 700
    10.5%-16%12 months to 72 months.
    Axis BankRs. 40 LakhsSalaried
    Cibil Score greater then or equal to 700
    10.49%-22%12 months to 60 months.
    Kotak MahindraUpto Rs.40 lakhsSalaried
    Cibil Score greater then or equal to 700
    10.99%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
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    10.5%-36%upto 5 years
    Federal BankUpto Rs.25 Lakhsalaried individuals
    Cibil Score greater then 750
    11.49%-14.49%upto 60 months
    CitibankUpto Rs.30 lakhSalaried/Self-employed
    Cibil Score greater then 700
    10.75%-16.49%upto 60 months
    Induslnd Bank30,000 - 50 LacsSalaried - Sellf employed
    Net annual income to be more than Rs 4.8 lakhs.
    10.25%-27%5 years
    RBL BankRs.1 lakh upto Rs. 20 lakhsSalaried
    Minimum income of Rs.25,000 per month
    14%-23%12 to 60 months
    India BullsRs 1,000- Rs 15 lakhSalaried - Sellf employed
    Cibil Score greater then 750
    13.99%3 months-2 years

    Personal loan from NBFCs with lowest interest rate

    Below are the list of NBFCs providing lowest interest rates

    Updated on 08th Sept 2023

    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
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    12.75%-44%upto 42 months
    HDB Financial Servicesupto 20 LakhsSalaried - Sellf employed
    Cibil Score greater then or equal to 750
    12%- 31%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
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    10.99%-18%24-60 months
    Tata CapitalAny amountSalaried
    Cibil Score greater then or equal to 750
    10.99%-29%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
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    10.99%-26%upto 7 years

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