When you are moving the life peacefully, you need to better prepare yourself to face the financial difficulties at any point in time. You have to keep some percentage of your earning as back up to face those difficult periods. Because you may not know then your friend and family members come to your rescue, we can’t predict to that extent. Personal loan can come as helping hand during those difficult phases of your life. It gives you the boost to manage your financial worries and not to depend on anyone else for help.
Personal loan can be used for any purpose such as wedding functions, emergency expenses, medical expenses, home extensions, credit consolidation purposes as well.
Personal loan is the tool which can be used when you are finally stuck somewhere and you need to repay the same amount with the agreed interest rate.
You need to calculate EMI and strike a perfect deal between monthly savings and other expenditures along with your EMI.
Banks assign a different interest rate to individuals taking the personal loan based on a variety of factors.
Let us have the look on the some of the popular banks and their interest rate on personal loans.
HDFC bank:
Personal loan interest rate: 11.99 % to 20% per annum
ICICI Bank:
Personal loan interest rate: 11.49% to 22.00% per annum
Fullerton India
Personal loan interest rate: 21% to 40% per annum
Tata Capital
Personal loan interest rate: 13.99% to 17.50% per annum
Now you have the clear picture on personal loan interest rate offered by popular banks and you can now apply for personal loan in Rupee Zone, know your Personal loan eligibility now
You can get an idea of EMI using online EMI calculator, for this you need to have the following details:
Tenure of the loan amount
Desired Loan Amount
Your source of income
Interest rate
EMI calculator gives an idea about how much amount goes towards EMI and tenure, Interest rate details.
