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Read below how these factors effect your Interest rates **
To help its customers get the best interest rates on personal loans deal4loans has consolidated all the information regarding latest rate of interests at one place. Please keep visiting this section to get updated rates of interests on personal loans.
| Banks/Rates | Salaried | |||||
| CAT A | CAT B | Others | Pre-Payment Charges |
Processing Fees | Apply | |
| Fullerton India | 21% - 32% | 21% - 32% | 21% - 32% | 4% | 2% |
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| HDFC Bank | 15.75% (for 75,000 & above salary), 16.25% (for 50,000-75,000 salary), 17.25% (for 35,000-50,000 salary), 19.25% (below 35,000 salary) |
15.75% (for 75,000 & above salary), 16.25% (for 50,000-75,000 salary), 17.25% (for 35,000-50,000 salary), 19.25% (below 35,000 salary) |
22.25% | 4% | 2% if salary account in HDFC - other wise 2.5% |
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| Bajaj Finserv | 15.75% | 16% | 16.5% - 17% | Nil | 2% - 2.5% |
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| HDBFS |
16% (for 75,000 & above salary), 17% (for 35,000 - 75,000 salary), 18% ( below 35,000 salary) |
16% (for 75,000 & above salary), 17% (for 35,000 - 75,000 salary), 18% ( below 35,000 salary) |
17% (for 75,000 & above salary), 18% (for 35,000 - 75,000 salary), 21% ( below 35,000 salary) |
NIL for Select Corporates Employees (CAT A & B) 4% For Rest | 1% - 2% | |
| Citibank | 16% ( upto 30,000 salary), 15% (above 30,000 salary) |
17% ( upto 30,000 salary), 16% (above 30,000 salary) |
17% ( upto 30,000 salary), 16% (above 30,000 salary) |
3% | 1% - 2% | |
| State Bank of India/SBI | 16.75% (Guarantor required) |
16.75%-20% (Guarantor required) |
16.75%-20% (Guarantor required) |
4% | 2%-3% |
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| Kotak Bank | 15.5% | 16.5% | 18%-19% | 4% | 2% |
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| Andhra Bank | 15.75%-16.75% |
16.75%-18.75% | N.A. | N.A. | Rs250-Rs1000/- |
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| Axis Bank | 15% (For Super CAT A), 16% (For CAT A) |
17% | 19% - 20% | Nill | 2% & Prepayment Charges Nil |
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| Bank of Baroda | 15% | 15.5% | N.A. | N.A. | 2% |
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| Corporation Bank | 14.5% (undertaking letter required) |
N.A. | N.A. | N.A. | 1.50% of the loan amount or Rs.500/- |
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| ING Vysya | 15% , 14.5% (for Account Holder) (for 75,000 & above salary), 15.5%, 15% (for Account Holder) (for 40,000 - 75,000 salary), 17%, 16.5% (for Account Holder) (for 25,000 - 40,000 salary) |
15.5%, 15% (for Account Holder) (for 75,000 & above salary), 16%, 15.5% (for Account Holder) (for 40,000 - 75,000 salary), 17%, 16.5% (for Account Holder) (for 25,000 - 40,000 salary) |
16%, 15.5% (for Account Holder) (for 75,000 & above salary), 16.5%, 16% (for Account Holder) (for 40,000 - 75,000 salary), 18%, 17.5% (for Account Holder) (for 25,000 - 40,000 salary) |
4% | .5% if Account Holder - other wise 2% |
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| ICICI Bank | N.A. | N.A. | N.A. | N.A. | N.A. |
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| Standard Chartered Bank | 16% - 17% | 17% - 18% | 19% - 22% | 2%-5% | 2% |
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| United Bank Of India | 16% 12%(For pensioners) |
16%-18% 12%(For pensioners) |
16%-18% 12%(For pensioners) |
N.A. | N.A. |
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| Vijaya Bank | 16% |
N.A. | N.A. | N.A. | N.A. |
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Where
Income : If your Income is above a certain limit, Banks believe that your chances of not paying are lesser as you have Income to pay. Income above 75 per month usually gets some discounts from all personal loan Banks. Your Company Status : If the company you are working with is a well known corporate, the Banks feel that you are less likely to shift from your job and will result in lesser defaults. Credit and Payment History : Banks follows Cibil scores/rating before deciding giving loans. If your payments for Credit Cards and Loans is not upto mark , you have the most likely chance of being rejected for the loan or the Bank will give you at a much higher rate. Relationship with Bank : The Bank where you have your Salary account/Savings account is likely to pass on you to some special rate for your personal Loans or Processing fee. Individuals Negotiating Skills : Based on your above points you can always ask Bank to give you waivers on Rates, Fees Etc. Before apply for personal loan, Calculate your personal loan emi with EMI Calculator
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