Personal loans have become more popular in recent years as people try to cope with unexpected expenses or consolidate their debts. Banks have responded to this demand by offering personal loans at attractive rates with flexible repayment options. In this post, we will discuss the top 5 banks that offer 3 lakh personal loans with low EMIs.
1. HDFC Bank
HDFC Bank is one of the leading banks in India and offers a range of products and services to its customers. You can apply for a personal loan of up to 50 lakhs from HDFC Bank with flexible repayment terms of 12 to 60 months. The bank offers a competitive interest rate of 10.75% to 21.50% and low EMIs starting from Rs. 2,303 per lakh.
2. ICICI Bank
ICICI Bank is another popular bank that offers personal loans to its customers. The bank offers personal loans of up to 20 lakhs with flexible repayment options of 12 to 60 months. The interest rate ranges from 10.75% to 22.00%, depending on your credit score and other factors. The EMIs for a 3 lakh personal loan from ICICI Bank start from Rs. 2,358 per lakh.
3. Axis Bank
Axis Bank is a leading private sector bank that offers personal loans at attractive rates. You can apply for a personal loan of up to 25 lakhs from Axis Bank with flexible repayment terms of 12 to 60 months. The bank offers a competitive interest rate of 10.49% to 21.00% and low EMIs starting from Rs. 2,431 per lakh.
4. State Bank of India
State Bank of India is the largest bank in India and offers a range of products and services to its customers. The bank offers personal loans of up to 20 lakhs with flexible repayment options of 12 to 72 months. The interest rate ranges from 9.60% to 13.60%, making it one of the most affordable options in the market. The EMIs for a 3 lakh personal loan from SBI start from Rs. 2,336 per lakh.
5. Bajaj Finserv
Bajaj Finserv is a leading non-banking financial company that offers personal loans at competitive rates. You can apply for a personal loan of up to 25 lakhs from Bajaj Finserv with flexible repayment terms of 12 to 60 months. The interest rate ranges from 12.99% to 16.00%, and the EMIs for a 3 lakh personal loan start from Rs. 2,799 per lakh.
In conclusion, there are many banks and financial institutions in India that offer personal loans at attractive rates with flexible repayment options. It is important to compare the interest rates, EMIs, and other fees before applying for a personal loan to make an informed decision. Keep your financial goals and repayment capacity in mind when choosing a loan option and always read the terms and conditions carefully before signing the agreement.
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