Personal Loan Interest Rates |
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• Income • Your Company Status • Credit and Payment history. • Relationship with the Bank you intend to take loan from. • Individual’s Negotiating Ability. |
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Interest Rates of personal loans Changed Every Month, Some Bank Offers Special Interest Rate Schemes for festive seasons :
• ING Vysya Special Schemes at 14.50 % to 18.25 %
• Nil Foreclosure charges on ING Vysya Valid till 31st March’13
• HDFC Bank offers Special Rates of 13.99 % to 18.25 %
• Kotak Mahindra Offers Loans at 15.00 % to 19.00 %
• ICICI Bank Personal loans offered at 14.00 % to 18.00 %
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.
* Never pay any fee/cash upfront to any person to get loan sanctioned. Processing fee are deducted from Loan amount.
| Banks/Rates | Salaried | |||||
| CAT A | CAT B | Others | Pre Payment Charges | Processing Fees | Apply | |
| ICICI Bank |
14% - 14.75% (For Special Companies) 15.5% (Salary Above 75,000) 16 % (Salary 50,000 -75,000) 17 % (Salary 30,000 -50,000) 18.25% (Salary 20,000 -30,000) 18.5% (Less Than 20,000) |
15.5% (Salary Above 75,000) 16 % (Salary 50,000 -75,000) 17 % (Salary 30,000 -50,000) 18.25% (Salary 20,000 -30,000) 18.5% (Less Than 20,000) |
15.5% (Salary Above 75,000) 16 % (Salary 50,000 -75,000) 17 % (Salary 30,000 - 50,000) 18.25% (Salary 20,000 -30,000) 18.5% (Less Than 20,000) |
5% | 2% - 2.25% |
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| HDFC Bank |
13.99% - 14.75% (For Special Companies) 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% | 0.8% - 1.75% (for Special Companies) 2% (HDFC Account holder)- other wise 2.5% |
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| Bajaj Finserv | 15.75% | 16% | 16.5% - 17% | Nil | 2% - 2.5% | |
| ING Vysya | 14.50%
(for 75,000 & above salary), 15.75% (for 40,000 - 75,000 salary), 17.25% (for 30,000 - 40,000 salary) 0.5% Waiver for Ing Salary Account Holder |
14.75% (for 75,000 & above salary), 16.25% (for 40,000 - 75,000 salary), 17.25% (for 30,000 - 40,000 salary) 0.5% Waiver for Ing SalaryAccount Holder |
16.25% (for 75,000 & above salary), 16.75% (for 40,000 - 75,000 salary), 18.25% (for 25,000 - 40,000 salary) 0.5% Waiver for Ing Salary Account Holder |
Nil Foreclosure Charges Special Offer. Valid till(31st May 13) |
1.5% (For ING Salary Account Holder), other wise 1.75% - 2% |
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| Kotak Bank | 15% | 16.5% | 18%-19% | 4% | 2% |
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| State Bank of India/SBI (SBI Saral) |
18.25% |
18.25% |
18.25% |
N.A | N.A | |
| Fullerton India | 21% - 32% | 21% - 32% | 21% - 32% | 4% | 2% |
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| Standard Chartered Bank | 16% - 17% | 17% - 18% | 19% - 22% | 2%-5% | 2% |
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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% | |
| Axis Bank | 15% (For Super CAT A), 16% (For CAT A)  |
17% | 19% - 20% | Nill | 2% & Prepayment Charges Nil | |
| Andhra Bank | 15.75%-16.75% |
16.75%-18.75% | N.A. | N.A. | Rs250-Rs1000/- | |
| Bank of Baroda | 14.75% | 14.75% | N.A. | N.A. | 2% | |
| Corporation Bank | 14.5% (undertaking letter required) |
N.A. | N.A. | N.A. | 1.50% of the loan amount or Rs.500/- | |
| United Bank Of India | 16% 12%(For pensioners) |
16%-18% 12%(For pensioners) |
16%-18% 12%(For pensioners) |
N.A. | N.A. | |
| Vijaya Bank | 16% |
N.A. | N.A. | N.A. | N.A. | |
| Transfer your personal loan to HDFC Bank |
As Low As 12.99% | Flat Processing Fee of Rs 999/- | ||||
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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