Personal Loan: In this difficult time of Corona, a large number of people are in need of personal loan. In such a situation, if you are also thinking of taking personal, then first of all, definitely check the interest rate of different banks.
Sometimes due to haste and sometimes due to carelessness, we end up losing ourselves. Let us know how much interest is being paid on a personal loan of Rs 5 lakh in the big banks of the country. Also Read: How much cash can be withdrawn from ATM, know the limit of top banks
State Bank Of India
1- If you take a loan from SBI, you will have to pay 9.60% interest up to 13.85 percent in a year.
2- The processing fee on the loan is 1.5 percent. That is, on 5 lakhs you will have to pay 15,000 rupees.
3- If you take a loan of 5 lakhs, then EMI will have to be paid from Rs 10562 to Rs 11895.
HSBC Bank
The annual interest rate ranges from 7.5% to 15%.
The processing fee is 1%.
If you take a personal loan of Rs 5 lakh for 5 years, then you will have to pay EMI from Rs 10562 to Rs 11895.
City Bank
Annual interest will be from 9.99 percent to 16.49 percent.
Three percent of the loan amount will have to be paid as processing fee.
If you take a loan of Rs 5 lakh for 5 years, then you will have to pay EMI from Rs 10621 to Rs 12,290.
Bank Of Baroda
Back of Baroda is charging interest from 10% to 15.60%.
The processing fee will have to be paid between Rs 1 thousand to Rs 10 thousand.
For taking a loan of Rs 5 lakh for 5 years, an EMI of Rs 10624-12053 will have to be paid.
HDFC Bank
The bank is charging interest ranging from 10.50% to 21%.
2.5% of the loan amount will have to be paid as processing fee.
Whereas for 5 years, between Rs 747 to Rs 13527 will have to be paid.
ICICI Bank
The interest rate will range from 10.50 percent to 19 percent.
Processing fee 2.5% of loan amount
If you take a loan of Rs 5 lakh for 5 years, then you will have to pay Rs 10809 to 14384 as EMI.
