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Personal Loans are unsecured loans that are taken for personal use for which no requirement of any security or guarantee as well as it can be taken for any reason, like wedding expenditure, vacation or acquiring consumer durables. The personal loan is very useful & takes care of all needs and wants. The sum of loan can start from Rs. 50,000 – Rs. 20 lakh & the term for reimbursing the loan ranges from 1 to 5 years. Benefits of Personal loan 1. Personal Loan is an unsecured loan where one is not required to vow a house or other security to acquire a loan. 2. Personal Loan can be checked with negligible formalities or credentials and is less time consuming to acquire. 3. Personal Loan helps to get bigger loan requirement done, as a person can take a loan ranging from Rs. 50,000 to Rs. 20 lakh without much paperwork. The major reason for the assessment is the status as to a person is working for an employer that is salaried or a person is an employer himself that is self employed. The features that decide the Personal Loan interest rates are as follows: •Income of the person •Person’s Company Status • Individual’s Credit and Payment history. • Individual’s relationship with the bank the loan is to be taken from. • Individual’s bargaining capacity. Some of the Personal Loan interest rates are discussed below: Fullerton India Personal Loan Interest rate – 19-24 EMI – 14950.1 Prepayment Charges – Nil Repayment Period – 1-4 Personal Loan Amount – 100,000-1,000,000 Reliance Personal Loan Interest rate – 16-23 EMI – 14170.1 Prepayment Charges – 6 Repayment Period – 1-4 Personal Loan Amount Available – 200,000-1,500,000 HDFC Personal Loan Interest rate – 15.5-22 EMI – 14042.4 Prepayment Charges – 4 Repayment Period – 1-5 Personal Loan Amount Available – 50,000-1,500,000 Citi Financial Personal Loan Interest rate – 16-21 EMI – 14170.1 Prepayment Charges – 4 Repayment Period – 1-5 Personal Loan Amount Available – 10,000-1,000,000 Citi Bank Personal Loan Interest rate – 15-20 EMI – 13915.4 Prepayment Charges – 5 Repayment Period – 1-5 Personal Loan Amount Available – 24,000-1,000,000 SBI Personal Loan Interest rate – 16-20 EMI – 14170.1 Prepayment Charges – 0 Repayment Period – 1-4 Personal Loan Amount Available – 24,000-1,000,000 Axis Bank Personal Loan Interest rate – 14-28 EMI – 13663.2 Prepayment Charges – 0 Repayment Period – 1-5 Personal Loan Amount Available – 1 Lakh to 20 Lakhs Bank of Baroda Personal Loan Interest rate – 16 EMI – 14170.1 Prepayment Charges – 0 Repayment Period – 1-3 Personal Loan Amount Available – 20,000-200,000 Canara Bank Personal Loan Interest rate – 14 EMI – 13663.2 Prepayment Charges – 2 Repayment Period – 1-5 Personal Loan Amount Available – Rs. 1 Lakh Corporation Bank Personal Loan Interest rate – 13.5-14.5 EMI – 13538.2 Prepayment Charges – 0 Repayment Period – 1-5 Personal Loan Amount Available – Rs. 2 Lakhs ICICI Bank Personal Loan Interest rate – 14-18 EMI – 13663.2 Prepayment Charges – 5 Repayment Period – 1-4 Personal Loan Amount Available – Rs. 10 Lakhs IDBI Bank Personal Loan Interest rate – 13-16 EMI – 13413.7 Prepayment Charges – Up to 6 Repayment Period – 1-5 Personal Loan Amount Available – Rs. 10 Lakhs Indian Bank Personal Loan Interest rate – 12.9 up to 20 Lakhs EMI – 13388.9 Prepayment Charges – 2 Repayment Period – 1-3 Personal Loan Amount Available – Rs. 60000-Rs 1 Lakh Standard Chartered Bank Personal Loan Interest rate – 15.5-22 EMI – 14042.4 Prepayment Charges – 5 Repayment Period – 1-5 Personal Loan Amount Available – Rs. 50,000-Rs 30 Lakhs Bank of India Personal Loan Interest rate – 10.75-12.75 EMI – 12862.1 Repayment Period – 1-5 Personal Loan Amount Available – 10,000-10 Lakhs UCO Bank Personal Loan Interest rate – 14.90 EMI – 13890 Prepayment Charges – 0 Repayment Period – 1-4 Personal Loan Amount Available – Rs. 2 Lakhs Saraswat Bank Personal Loan Interest rate – 13 EMI – 13413.7 Prepayment Charges – 0 Repayment Period – 1-5 Personal Loan Amount Available – 5 Lakhs Apply for Personal Loan visit: http://www.loanncr.com About Author: Hi My Self Ravi Chauhan working with Loanncr.com as SEO if you have any question about my work please visit http://www.seowebpromoter.com
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