Minimum Interest Rate For Personal Loan In India

The very first question that comes to our mind when we are looking for a personal loan is how much interest rate one would need to pay.

Minimum interest rate for personal loan in india. Your income denotes your capacity to repay a loan. However the interest rate may vary from customer to customer depending on certain factors customer s including credit profile and relationship with the bank to name a few. If you are thinking to take a personal loan for educational then you should first check the best bank for an education loan in india sbi personal loan interest rates ranges from 11 30 to 15 55 other personal loan details.

Salaried no pre payment in part or full permitted until repayment of 12 emis part payment allowed up to 25 of principal. Hdfc personal loan offers for special corporates. Prepayment in part or full.

Historically banks and other financial institutions have charged much higher interest rates in this category. Check personal loan interest rates in india with processing fees foreclosure pre payment charges. Credit score the minimum credit score to avail a personal loan is 750.

In the table above you might see hdfc personal loans starting from 11 25 and ending at 21 45 per annum. What is the personal loan rate of interest for federal bank. Sbi personal loan interest rate starts from 9 60 p a.

1 50 lakhs of loan for studying vocational courses. The rate also varies based on the type of industry you work in. Salaried 10 75 to 21 30.

The result is followed by an amortisation table which will give you a detailed break up of your repayment schedule. Corporation bank has three education loans products and to avail loan the applicant must have secured a minimum of 60 marks 55 for sc and st in hsc ug. Icici personal loan interest rates are fixed rate of interest which is on a monthly reducing basis.