Current Personal Loan Interest Rates in India
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
Of the rates offered, flat rates can be considered the most expensive as in other cases, the reducing balance method is used for calculation.
To find out the current personal loan interest rates of various banks in India, we invite you to use our Personal Loan Comparison tool.
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A maximum of 5 providers will compete to give you the best rates (Feb 2012)
Personal Loans of over Rs. 385.32 crores applied for in 2012 (Last Updated on 4 Feb 2012 9:18 AM)