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Personal Loan: Whenever people suddenly need money, they think of solving their problems with the help of personal loans. In such a situation, whenever you go to a bank to take a loan, before that you should also be aware of the interest rates of other banks (personal loan interest rates 2025) so that you can take a loan at a cheaper interest rate.

It is usually seen that the bank charges higher interest on your loan. In such a situation, today we are going to tell you about the interest rates of personal loans in some of the major banks of the country, by knowing about which bank you can decide which bank is best for you to take a loan.

This much interest will have to be paid in ICICI Bank-

India's second largest private bank i.e. ICICI Bank (ICICI Bank personal loan interest rate) will have to pay interest ranging from 10.65 percent to 16 percent annually on personal loan. The bank can charge you up to 2.50 percent tax as processing fee.

HDFC Bank Rates-

If you take a personal loan in HDFC Bank, then it also provides you loan at a very affordable interest rate. For information, let us tell you that HDFC Bank is called the largest private bank in the country. The bank charges you 10.5 to 24 percent interest on personal loan. But the bank charges a fixed processing fee of Rs 4,999.

SBI Interest Rates-

If we talk about the interest rates of India's largest government bank i.e. State Bank of India (SBI me personal loan), then here interest ranging from 12.30 to 14.30 percent is charged from corporate applicants. Employees of government departments are charged interest at the rate of 11.30 to 13.80 percent. On the other hand, if we talk about the interest rate (SBI interest rate) for the employees of the defense sector, then it is 11.15 to 12.65 percent per annum.

Interest rates of Bank of Baroda-

In Bank of Baroda, government employees have to pay interest at the rate of 12.40 to 16.75 percent per annum. Apart from this, if we talk about the employees of the private sector, then they get loans at the rate of 15.15 percent to 18.75 percent per annum (personal loan interest rate).

PNB is offering this rate-

PNB is giving loans to the loan takers at the rate of 13.75 percent to 17.25 percent per annum on the basis of credit score. Government employees (PNB personal loan) are being offered interest rates between 12.75 percent to 15.25 percent.

Interest rate in Kotak Mahindra Bank-

Kotak Mahindra Bank is giving an interest rate of at least 10.99 percent per annum on personal loans (personal loans in Kotak Bank). However, by applying the processing fee and tax on the loan fee, it becomes around 3 percent.

Processing fee of personal loan in Axis Bank-

If we talk about Axis Bank, here it gives you interest rate of 10.65 percent to 22 percent per annum on personal loan (personal loan benefits). Indusind Bank gives personal loan at the rate of 10.49 percent per annum. On the other hand, if you take a loan of 30 thousand to 50 lakhs from the bank, then the bank (personal loan in axis bank) takes 3 percent of that amount from you as processing fee.

How much will be the EMI?

If you take a loan of 1 lakh rupees for the entire five years and in such a case you have to pay the interest rate at the rate of 10.50, then you will have to pay an EMI of Rs 2149 (EMI of 1 lakh rs. personal loan). On the other hand, if the interest rate becomes 12 percent, then you will have to pay an installment of Rs 2224. The EMI at 15 percent interest is Rs 2379. At a 17 percent interest rate, the EMI is Rs 2485 and at 18 percent it increases to Rs 2539. In such a situation, you can apply for a loan after proper investigation.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.