A snapshot of personal loan rates offered by various firms with details

Here is how the personal loan interest rates offered by various bank stack up

Name of Lender	Interest rate

(%) EMI (Rs)

Loan amount- 5 lakh

Tenure - 5 years EMI (Rs)

Loan amount- 1 lakh

Tenure - 5 years Processing fee

(% of loan amount) HDFC Bank 10.50-21.00 10,747-13,527 2,149-2,705 Upto 2.5% (Maximum Rs 25,000) Citi Bank 9.99-16.49 10,621-12,290 2,124-2,458 Upto 3% Tata Capital 10.99 onwards 10,869 onwards 2,174 onwards Upto 2.75% ICICI Bank* 10.50-19.00 10,747-12,970 2,149-2,594 Upto 2.50% Bank of Baroda 10.00-15.60 10,624-12,053 2,125-2,411 2% (Rs 1,000-10,000) State Bank of India 9.60-13.85 10,525-11,595 2,105-2,319 Upto 1.5% (Maximum Rs 15,000) Axis Bank 12.00-21.00 11,122-13,527 2,224-2,705 1.5%-2% Kotak Mahindra Bank 10.25 onwards 10,685 onwards 2,137 onwards Upto 2.5% Bank of India 9.35-12.35 10,464-11,211 2,093-2,242 Upto 2% (Rs 1,000-10,000) Canara Bank 10.20-13.90 10,673-11,608 2,135-2,322 Upto 0.5% Punjab National Bank^ 7.70-14.25 10,067-11,699 2,013-2,340 Upto 1% HSBC Bank 9.75-15.00 10,562-11,895 2,112-2,379 Upto 1% Federal Bank 10.49-17.99 10,744-12,694 2,149-2,539 Upto 3% Union Bank of India 8.90-13.00 10,355-11,377 2,071-2,275 Upto 0.5% (Maximum Rs 7,500) Bajaj Finserv 13.00 onwards 11,377 onwards 2,275 onwards Upto 4% Punjab & Sind Bank 9.50-11.50 10,501-10,996 2,100-2,199 Upto 1% South Indian Bank 10.15-14.45 10,660-11,751 2,132-2,350 2% IDBI Bank 9.50-14.00 10,501-11,634 2,100-2,327 1% (Minimum Rs 2,500) UCO Bank 10.05-10.45 10,636-10,735 2,127-2,147 Upto 1% (Minimum Rs 750) IDFC First Bank 10.49 onwards 10,744 onwards 2,149 onwards Upto 3.50% Bank of Maharashtra^^ 9.55-12.90 10,513-11,351 2,103-2,270 Upto 1% Indian Overseas Bank 11.30-12.05 10,946-11,135 2,189-2,227 Upto 0.75% Indian Bank 9.05-13.65 10.391-11,544 2,078-2,309 1%*** Dhanlaxmi Bank 11.90-15.70 11,097-12,079 2,219-2,416 Upto 2.5% (Minimum Rs 1,250) IndusInd Bank 11 onwards 10,871 onwards 2,174 onwards 2.5% onwards

^0.10% additional concession in applicable interest rate to customers who opt for coverage under Credit Life Insurance.

^^ Interest rate of 8.55% p.a. offered to BPCL (Bharat Petroleum Corporation Ltd ) employees

*5% prepayment charges on principal outstanding plus GST (for salaried customers)

***For pensioners, NIL processing fees for loan upto Rs 25,000, and fees of Rs 250 for loan above Rs 25,000.

Rates and charges as on 29 September 2021

Source: Paisabazaar.com