Comparison of Best Personal Loan Providers in India
| Name of the Lender | Loan Amount | Interest Rate (p.a.) |
|---|---|---|
| State Bank of India (SBI) | Up to Rs. 20 lakh. | 9.60% onwards |
| HDFC Bank | Up to Rs. 40 lakh. | 10.50% onwards |
| ICICI Bank | Up to Rs. 25 lakh. | 10.50% onwards |
| Axis Bank | Up to Rs. 15 lakh. | 11% onwards |
One may also ask, what is a good interest rate on a personal loan?
10% to 28%
Secondly, which bank gives personal loan easily?
Money in bank within 24 hours*
Bajaj Finserv offers the fastest personal loans in India – with disbursal in just 24 hours* of your loan getting approved.
Which bank gives cheapest personal loan?
Here we have taken the
| Sr No. | Banks | ROI in % p.a. |
|---|---|---|
| 1 | Union Bank of India | 8.90 |
| 2 | Punjab National Bank | 8.95 |
| 3 | Central Bank of India | 8.95 |
| 4 | Indian Bank | 9.05 |
What is the EMI for 20 lakhs personal loan?
Formula of Calculation of EMI
| Loan amount | Interest Rate | EMI per month |
|---|---|---|
| 5 Lakh | 8.35% | Rs. 6,159 |
| 10 Lakh | 8.50% | Rs. 9,847 |
| 15 Lakh | 8.60% | Rs. 13,112 |
| 20 Lakh | 8.70% | Rs. 17,610 |
Does a personal loan hurt your credit?
There’s no mystery to it: A personal loan affects your credit score much like any other form of credit. Make on-time payments and build your credit. Any late payments can significantly damage your score if they’re reported to the credit bureaus.
Can I get a 20000 loan with bad credit?
You’ll generally need good to excellent credit to qualify for a $20,000 loan — though there are some lenders willing to work with borrowers who have bad credit.
How much is a payment on a $10000 loan?
In another scenario, the
| Your payments on a $10,000 personal loan | ||
|---|---|---|
| Monthly payments | $201 | $379 |
| Interest paid | $2,060 | $12,712 |
Are Personal Loans Bad?
Personal loans can be a bad choice if you have cheaper options. But there are good reasons to choose them, too. … On the other hand, if the loan you’re considering comes with a triple-digit interest rate, and you have limited or unsteady means to pay it back, then a personal loan will do you more bad than good.
How much would a monthly payment be on a 50000 loan?
15 Year $50,000 Mortgage Loan
| Loan Amount | 2.50% | 6.00% |
|---|---|---|
| $50,000 | $333.39 | $421.93 |
| $50,050 | $333.73 | $422.35 |
| $50,100 | $334.06 | $422.77 |
| $50,150 | $334.39 | $423.19 |
Can you pay off a personal loan early?
Is it ever a good idea to pay off a personal loan early? It can be. Only you can weigh the value of saving on interest, reducing your monthly debt load and even taking a temporary, minor hit to your credit score in the interest of better financial health in the long term.
How much personal loan can I get if my salary is 15000?
HDB Financial Services offers personal loans of up to Rs. 20 lakh to individuals who earn a minimum income of Rs. 15,000.
Can I get a 25000 personal loan?
You can get a $25,000 personal loan using an online lender, bank, or credit union. If you value face to face interaction, you should use a bank or credit union. In most cases, the application, approval, and funding process takes longer with a bank or credit union.
What is the minimum salary for personal loan?
? 25,000