Personal Loan Interest Rates: In today’s time, taking personal loan has become an easy option for people, whether it is wedding expenses, medical emergency, home repair or purchase of a big gadget. But the most special (and dangerous) thing of personal loan is its interest rate, which is much higher than other loans.

Personal loan is an unsecured loan, that is, it does not require any mortgage or property. This is the reason why banks keep its interest slightly more. In such a situation, if you take a loan without research, then you may have to pay a lot of money in EMI.

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Therefore, it is important that the interest rates of different banks be compared before taking the loan. Here we are giving information about the current personal loan interest rates of some big banks of the country (Personal Loan Interest Rates)

• State Bank of India (SBI): Starting at 10.10%
• Punjab National Bank (PNB): Starting at 10.50%
• Canara Bank: Starts at 8.25%
• HDFC Bank: Starting at 10.90%
• Axis Bank: Starts at 9.99%

Note: These rates can change according to time and customer’s profile, so do confirmed the bank before taking a loan.

If you choose the right bank, then you can save thousands of rupees in interest, otherwise the pockets paying the loan are sure to be lighter.

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