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Personal Loan: Personal loan is available in these banks at the lowest interest, check offer

Highlights

With a personal loan, you can meet all kinds of financial needs.
Bank of Maharashtra has the lowest interest rate among the major banks providing personal loans.
If you have a good credit score, it is easy for you to get a personal loan.

New Delhi. Sometimes you need more money at once. In such a situation, you run the business by borrowing money from a friend or a family member or fulfill the need by taking a personal loan. With a personal loan, you can meet all kinds of financial needs. There are no restrictions on spending money in this. You get a personal loan without any security, that is, you do not need to mortgage anything for this.

Most of the banks have also increased the interest rates of personal loans after the recent increase in the repo rate by the RBI. In such a situation, it has become very difficult to get a personal loan at an affordable rate. Today we have brought information about some such banks which are still providing personal loan at low interest rate.

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These banks are offering the cheapest personal loan
Bank of Maharashtra has the lowest interest rate among the major banks providing personal loans at the lowest interest rates. This bank is offering personal loan with an interest rate of 8.9 percent. Apart from this, the interest rate of Bank of India 9.75% and Punjab National Bank 9.8% on personal loan is less than 10 percent.

10-12 percent interest rate in these banks
Major banks offering 10-12% interest rate on personal loans include Bank of Baroda 10.2%, Kotak Mahindra Bank 10.25%, Indian Bank 10.30%, IDFC Bank, IndusInd Bank and Federal Bank 10.49%, State Bank of India and Punjab & Sind Bank 10.55%, ICICI Bank 10.5%, HDFC Bank and IDBI Bank 11%, Central Bank of India 11.25% and Axis Bank 12% etc.

What is the eligibility for personal loan
If you want to take a personal loan then you have to maintain your good credit score. Because your credit score is good, then it will be easy for you to get a personal loan. A credit score above 700 is considered good and above 750 is considered very good. If your credit score is very good then you can get a personal loan instantly. While taking a personal loan, you should keep in mind that take the loan only as much as you need and keep its tenure short. This makes it easy for you to repay the loan.

Tags: auto and personal loan, Decreasing interest rates, Interest Rates

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