Life is full of surprises, and sometimes we face urgent money needs. Personal loans are a quick help in these situations, giving us the cash we need for any reason without any restrictions.
But, here’s a tip: always check the interest rates because they can make your loan more expensive.
Let’s delve into some competitive options that offer low interest rates on personal loans:
PNB: They have good deals, especially if you work for the government or a big company. Rates go from about 12.75% to 16.25%.
HDFC: Their rates are between 10.75% and 24%. They also let you borrow up to Rs 40 lakh.
SBI and ICICI: SBI starts their rates at 11.15%, and you can borrow up to Rs 20 lakh. ICICI’s rates go from 10.65% to 16%.
Kotak Mahindra: Their rates start at 10.99%, and you can borrow from Rs 50,000 to Rs 40 lakh.
Remember, your credit score matters a lot here. Banks usually offer rates between 10.65% and 24%.
(Image/Pixabay)
