Cheapest Personal Loan: Big news! 5 Banks Offering Cheapest Personal Loan! View other details including interest rate

Personal loans are here to help you if you are in need of money quickly but don’t have that much money.

Personal loans are generally costlier than other loans. But we are going to tell you about 5 such banks from where you can get the cheapest personal loan. Let us know that getting any kind of loan depends on your income and credit score.

1. IDBI Bank- This bank can give you personal loan above Rs 25,000 and less than Rs 5 lakh. The tenure of the loan will be 12-60 months. You will have to pay interest up to 8.90-14.00 percent.
2. Punjab National Bank- Here you can get personal loan up to Rs 10 lakh. Its duration will be 60 months. You will have to give a loan of 9.35 percent to 15.35 percent.
3. Indian Bank- Here you can get a personal loan of 50,000 to 5 lakh rupees. The loan repayment period will be 12-36 months. Here you will have to pay interest ranging from 9.40 to 9.90 percent.
4. Karur Vysya Bank- Here you will get loan up to Rs 10 lakh. Its duration will be 12-60 months. Here your rate of interest will be from 9.40 to 19.00 percent.
5. State Bank of India- You can get a personal loan from Rs 25,000 to 20 lakhs. Its duration will be 6-72 months. Here your interest rate can be from 9.80 to 12.80 percent.