These Public Banks Offer the Best Personal Loan in India

The public banks in India offer a complete financial solution. From individuals to corporations, there is something for everyone. So, when it comes to taking a personal loan, there are good options. They come with flexibility, low personal loan interest rate, and high loan amounts.  

So, we will present a shortlist of public banks with the personal loan details. You could choose one of them to apply.

  

PSB Personal Loan

 

The PSB Personal loan comes with a medium loan amount and competitive rate. Here is the basic info.  

• The loan amount is granted up to Rs 3 lakh.  
• The PSB Personal loan interest rate starts at 11.10% P.A 
• The loan term is up to 60 months or 5 years.  
• The one-time processing fee is Rs. 2500.  
• The lowest EMI is Rs 2,263 per lakh.  
• The minimum credit score required is 750.  

Bank of Baroda Personal Loan

 

The Bank of Baroda personal loan comes with online processing and quick disbursal. Similar to PSB personal loan, it has flexible tenure.  

• The Maximum loan amount of up to Rs. 10 lakhs. 
• The personal loan interest rate is 10% P.A onwards.  
• The loan tenure is up to 5 years.  
• The processing fee is 2% of the loan amount.  
• The penal interest rate is 2% on the amount.  

The Central Bank of India Personal Loan

 

The Central Bank of India personal loan offers a high loan amount, flexible tenure. Fast processing and a good rate.  

• The loan amount is offered up to Rs 20 lakhs.  
• The personal loan interest rate starts at 8.45% P.A 
• The processing fee is Rs 500.  
• Flexible repayment tenure up to 5 years.  

How to apply?

  

The easiest way to apply is on Afinoz.com. Send your details, based on the eligibility, you will receive the offer. Choose one of them to proceed.  

Conclusion 

All these three lenders, CBI, BOB, and PSB Personal loan present you with a versatile choice. We can see they have low charges with long tenure. Overall, an ideal loan option for you.