Personal Loan Interest Rate

Interest rates charged on personal loans vary across various banks. There are primarily 3 kinds of interest rates, most commonly offered by banks are:

• Fixed interest rate
• Floating interest rate
• Flat rate

 


Banks/Rates Salaried
CAT A CAT B Others Pre Payment Charges Processing Fees
ICICI Bank 14% - 14.75%
(For Special Companies)

15.5%
(Salary Above 75,000)
16 % 
(Salary 50,000 -75,000)
17 % 
(Salary 30,000 -50,000)
18.25%
(Salary 20,000 -30,000)
18.5% 
(Less Than 20,000)

15.5%
(Salary Above 75,000)
16 %
(Salary 50,000 -75,000)
17 %
(Salary 30,000 -50,000)
18.25%
(Salary 20,000 -30,000)
18.5%
(Less Than 20,000)
15.5%
(Salary Above 75,000)
16 %
(Salary 50,000 -75,000)
17 %
(Salary 30,000 - 50,000)
18.25%
(Salary 20,000 -30,000)
18.5%
(Less Than 20,000)
5% 2% - 2.25%
HDFC Bank 13.99% - 14.75%
(For Special Companies)

15.75%
(for 75,000 & above salary),
16.25%
(for 50,000-75,000 salary),
17.25%
(for 35,000-50,000 salary),
19.25%
(below 35,000 salary)
15.75%
(for 75,000 & above salary),
16.25%
(for 50,000-75,000 salary),
17.25%
(for 35,000-50,000 salary),
19.25%
(below 35,000 salary)
22.25% 4% 2% if salary account in HDFC - other wise 2.5%
Bajaj Finserv 15.75% 16% 16.5% - 17% Nil 2% - 2.5%
ING Vysya 14.50% 
(for 75,000 & above salary),

15.75%
(for 40,000 - 75,000 salary),

17.25%
(for 30,000 - 40,000 salary)

0.5% Waiver for Ing Salary Account Holder

14.75%
(for 75,000 & above salary),

16.25%
(for 40,000 - 75,000 salary),

17.25%
(for 30,000 - 40,000 salary)

0.5% Waiver for Ing SalaryAccount Holder

16.25%
(for 75,000 & above salary),

16.75%
(for 40,000 - 75,000 salary),

18.25%
(for 25,000 - 40,000 salary)

0.5% Waiver for Ing Salary Account Holder

4%

Nil Foreclosure Charges Special Offer. Valid from ( 14th June 12 - 30th Sep 12 )
1.5% (For ING Salary Account Holder), 
other wise 2%
State Bank of India/SBI 16.75%
(Guarantor required)
16.75%-20%
(Guarantor required)
16.75%-20%
(Guarantor required)
4% 2%-3%
Fullerton India 21% - 32% 21% - 32% 21% - 32% 4% 2%
Standard Chartered Bank 16% - 17% 17% - 18% 19% - 22% 2%-5% 2%
HDBFS 16%
(for 75,000 & above salary),
17%
(for 35,000 - 75,000 salary),
18%
( below 35,000 salary)
16%
(for 75,000 & above salary),
17%
(for 35,000 - 75,000 salary),
18%
( below 35,000 salary)
17%
(for 75,000 & above salary),
18%
(for 35,000 - 75,000 salary),
21%
( below 35,000 salary)
NIL for Select Corporates Employees (CAT A & B) 4% For Rest 1% - 2%
Citibank 16%
( upto 30,000 salary),
15%
(above 30,000 salary)
17%
( upto 30,000 salary),
16%
(above 30,000 salary)
17%
( upto 30,000 salary),
16%
(above 30,000 salary)
3% 1% - 2%
Axis Bank 15% (For Super CAT A),
16% (For CAT A)
17% 19% - 20% Nill 2% & Prepayment Charges Nil
Kotak Bank 15.5% 16.5% 18%-19% 4% 2%
Andhra Bank 15.75%-16.75%
16.75%-18.75% N.A. N.A. Rs250-Rs1000/-
Bank of Baroda 15% 15.5% N.A. N.A. 2%
Corporation Bank 14.5%
(undertaking letter required)
N.A. N.A. N.A. 1.50% of the loan amount or Rs.500/-
United Bank Of India 16%
12%(For pensioners)
16%-18%
12%(For pensioners)
16%-18%
12%(For pensioners)
N.A. N.A.
Vijaya Bank 16%
N.A. N.A. N.A. N.A.

Where

CAT A refers to - Top 1000 companies
CAT B refers to - Multi National Companies( MNC's )
CAT C refers to - Small companies
Non Listed refers to - Smaller companies with 100 emloyees.
Loan Surrogates refers to - Any running loan from any bank

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