Personal Loan: Compare Interest Rates for Cheapest Loans Across Top Banks
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News18•16-01-2026, 15:41
Personal Loan: Compare Interest Rates for Cheapest Loans Across Top Banks
- •Personal loans are popular for urgent expenses, medical treatment, home renovation, or debt consolidation.
- •Interest rates for personal loans at top banks generally range from 10.85% to 11.50% per annum.
- •HDFC Bank and ICICI Bank offer the lowest starting rates at 10.85%, with loan amounts up to 40 lakh and 50 lakh rupees respectively.
- •SBI's personal loan rates start at 11.45% for loans up to 30 lakh rupees with a 6-year tenure.
- •Experts advise considering processing fees, prepayment charges, and total EMI, not just interest rates, and maintaining a good credit score for better offers.
Why It Matters: Compare interest rates, fees, and your credit score across banks to find the most suitable personal loan.
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