These top 7 banks offer the best interest rates on personal loans. Check list here
Live MintIf you are short of funds and need the money urgently, it is recommended to raise a personal loan. Interest rates charged by different banks Bank Interest rate HDFC Bank 10.85 to 24 ICICI Bank 10.85 to 16.25 Bank of Baroda 11.40 to 18.75 Kotak Mahindra Bank 10.99 to 16.99 State Bank of India 11.45 to 14.60 Punjab National Bank 12.40 to 17.95 Axis Bank 10.49 to 22.50 As the table above shows, HDFC Bank charges interest between 10.85 per cent and 24 per cent based on your profile, which includes an array of factors such as your credit score and employer, among other factors. ICICI Bank charges an interest rate between 10.85 per cent and 16.25 per cent. Kotak Mahindra Bank charges interest in the range of 10.99 per cent to 16.99 per cent with a processing fee of up to 5 per cent. Another state lender, Punjab National Bank, charges interest in the range of 12.40 per cent to 17.95 per cent per annum.