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

Here is how the personal loans rates offered by various banks stack up

Name of Lender	Interest rate (p.a %)	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 onwards	10,747 onwards	2,149 onwards	Up to Rs 4,999
Tata Capital	10.99 onwards	10,869 onwards	2,174 onwards	Up to 5.5%
State Bank of India	11.15-15.30	10,909-11,974	2,182-2,395	1.5% (Rs 1,000-Rs 15,000)
ICICI Bank	10.65 onwards	10,784 onwards	2,157 onwards	Up to 2.50%
Bank of Baroda	11.05-18.75	10,884-12,902	2,177-2,580	Up to 2% (minimum Rs 1,000 and maximum Rs 10,000)
Axis Bank	10.49 onwards	10,744 onwards	2,149 onwards	Up to 2%
Kotak Mahindra Bank	10.99 onwards	10,869 onwards	2,174 onwards	Up to 3%
Bank of India	10.75-14.75	10,809-11,829	2,162-2,366	Up to 1% (Maximum Rs 5,000)
Canara Bank	10.95-16.40	10,859-12,266	2,172-2,453	0.50% (Maximum Rs 2,500)
Punjab National Bank	10.40-17.95	10,772-12,683	2,144-2,537	Up to 1%
HSBC Bank	9.99-16.00	10,621-12,159	2,124-2,432	Up to 2%
Federal Bank	11.49 onwards	10,994 onwards	2,199 onwards	Up to 3%
Union Bank of India	11.35-15.45	10,959-12,013	2,192-2,403	Up to 1% (Maximum Rs 7,500)
Bajaj Finserv	11.00 onwards	10,871 onwards	2,174 onwards	Up to 3.93%
Punjab & Sind Bank	10.75-13.50	10,809-11,505	2,162-2,301	Up to 1%
South Indian Bank	12.85-20.60	11,338-13,414	2,268-2,683	Up to 2%
UCO Bank	12.45-12.85	11,236-11,338	2,247-2,268	Nil
IDFC First Bank	10.99 onwards	10,869 onwards	2,174 onwards	Up to 2%
Bank of Maharashtra	10.00-12.80	10,624-11,325	2,125-2,265	1% (Rs 1,000-Rs 10,000)
Karnataka Bank	13.43	11487	2297	Up to 2% of loan amount (Min. Rs 2,500 & Max. Rs 8,500)
IndusInd Bank	10.49 onwards	10,744 onwards	2,149 onwards	Up to 3%

Rates and charges as of 21st February 2024

Source: Paisabazaar.com