<p><span style="font-weight: 400;">The best friends stand by your side when you need them the most. And, it fits aptly in the case of personal loans, which through flexible repayment options via EMIs, are carving a magical impression on the mind of the borrowers. </span></p>
<p><span style="font-weight: 400;">Yes, there’s lot more glitz and glamour to the loans offered these days with massive endorsements doing the rounds on televisions, FMs and even the traditional media i.e. newspapers. With so much promotion around, one does get influenced greatly and react by applying. While some enjoy their debt journey, others feel it as a burden to their day-to-day life. </span></p>
<p><span style="font-weight: 400;">The reason for two different emotions arising out of a loan is the variation in interest rates. So, if you want the budget to remain in good shape while servicing the debt, you must choose from </span><b>lowest personal loan interest rate</b><span style="font-weight: 400;">. You can check, compare and choose from the lowest rates highlighted in the article. </span></p>
<p><b>Top Lenders Offering Personal Loans In India</b></p>
<p><span style="font-weight: 400;">Lenders such as State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank and Bajaj Finserv are some of the top ones in the personal loan segment. Let’s discuss each of their personal loan offers separately. </span></p>
<p><b>SBI Personal Loan Interest Rates</b></p>
<p><span style="font-weight: 400;">SBI offers personal loans at varied interest rates ranging from 10.65%-15.15% per annum. The eventual rate offered is based on the income, repayment potential, existing banking relationship and risk rating of an individual. </span></p>
<p><b>Personal Loan Interest Rates in ICICI</b></p>
<p><span style="font-weight: 400;">The private sector biggie ICICI Bank offers loans at interest rates of 10.99%-22% per annum. Your credit history, income and repayment ability would greatly determine the rate you are going to service at. </span></p>
<p><b>Kotak Personal Loan Interest Rates </b></p>
<p><span style="font-weight: 400;">Giving a nail-biting competition to SBI and ICICI is Kotak Mahindra Bank, which through the merged units of erstwhile ING Vysya Bank, has become the favourite of the masses with rates of 10.99%-24% p.a. Kotak will take into account your income, past or ongoing repayment track to decide on the actual rates. </span></p>
<p><b>HDFC Personal Loan Interest Rates</b></p>
<p><span style="font-weight: 400;">Another private banking leader HDFC Bank is a premier player in the segment by offering the loan at 15%-20.99% p.a. With existing relationship and a workplace that is right there with the best in the world, the rates can soften for you.</span></p>
<p><b>Standard Chartered Bank </b></p>
<p><span style="font-weight: 400;">One of the most popular foreign banks operating on the Indian soil, Standard Chartered Bank would offer you a loan at 10.99%-14.49% p.a. You would get your rate based on income and credit score. </span></p>
<p><b>Bajaj Finserv </b></p>
<p><span style="font-weight: 400;">Having pioneered the concept of consumer durable finance, a type of personal loan, Bajaj Finserv charges an interest rate of 10.99%-16% per annum. The rates can ease with a healthy income and good credit score. On the other hand, it can go up with a limited income and lower score. </span></p>
<p><span style="font-weight: 400;">Now that the rates are transparent now, you can decide which lender to choose for your personal loan.</span></p>
<p><b>Personal Loan Interest Calculator</b></p>
<p><span style="font-weight: 400;">The effect of rates can be seen in the calculator that uses the amount of loan, </span><b>personal loan interest rate</b><span style="font-weight: 400;"> and tenure to compute the installments payable every month. Apart from the installment, you can also see the total interest likely to be paid over the course of a debt. </span></p>

List of Lowest Interest Rate for Personal Loan is Here, Check Out Now
