Personal Loan Low Interest Rate – Banks offering personal loan at 10% interest – Comprehensive Guide
Personal Loan Low Interest Rate
In times of financial urgency, personal loans emerge as swift solutions, offering a lifeline when immediate funds are required. Unlike other forms of borrowing, personal loans have a distinctive advantage – their rapid approval process. Even in an environment where loan interest rates are generally high, certain banks provide personal loans at a favorable 10% interest rate, making them a viable choice for those in need.
The Significance of Personal Loans
Personal loans serve as invaluable resources during financial crises, providing a quick influx of cash. They are particularly favored by individuals lacking immediate funds but anticipating the ability to repay the loan shortly or those confident in managing monthly payments. This accessibility and flexibility make personal loans a popular choice for borrowers seeking timely financial assistance.
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Interest Rates Across Commercial Banks
Several commercial banks in the country offer personal loans at a competitive 10% interest rate, a rate considerably lower than prevailing market averages. This option becomes especially significant when compared to the generally high interest rates prevalent in the lending landscape. These banks recognize the urgency often associated with personal loan requirements, ensuring a swift and streamlined approval process.
Interest rates currently available for personal loans in commercial banks in the country
- Bank of Maharashtra : 10.00%
- Indian Bank : 10.00%
- Punjab & Sindh Bank : 10.15%
- Kotak Mahindra Bank : 10.25%
- Bank of India : 10.25%
- Punjab National Bank : 10.40%
- IDFC Bank : 10.49%
- Indusind Bank : 10.49%
- Axis Bank : 10.49%
- HDFS Bank : 10.50%
- ICICI Bank : 10.50%
- Canara Bank : 10.65%
- Bank of Baroda : 10.80%
- Indian Overseas Bank : 10.85%
- UCO Bank : 10.95%
- Yes Bank : 10.99%
- IDBI Bank : 11.00%
- State Bank of India : 11.05%
- Federal Bank : 11.49%
- Union Bank : 11.80%
- Central Bank of India : 12.00%
- Karur Vysya Bank : 12.80%
- South Indian Bank : 12.85%
- Dhanalakshmi Bank : 12.90%
- Karnataka Bank : 14.14%
Also Read…. Personal Loan Low Interest Rate – 10 Lakh Instant Personal Loan With 11% Interest
NBFC :
- Tata Capital : 10.99%
- Bajaj Finance : 11.00%
- Shriram Finance : 12.00%
Also Read…. Personal Loan Low Interest Rate – Get Personal Loan With 0% Interest Rate
Also Read…. Personal Loan Low Interest Rate – Personal Loan With 0% Interest Rate
( Notice: This report has been prepared based on the data provided on October 17 on the banks’ website. Before taking the loan, check with the bank officials about the rates .)
