Top banks offer different interest rates on personal loans, ranging from 10.25% to 26%. To get the lowest rate, it is important to have a high credit score and a good repayment history. Here we give a lowdown on top ten banks and interest rates they charge on offering personal loans
Lenders typically offer lower interest rates to borrowers with a high credit score, while those with a low credit score may encounter higher interest rates.
Lenders typically apply higher interest rates to personal loans, with rates ranging from a minimum of 10.50 percent for borrowers with high credit scores, going up to 24 percent.
Banks usually charge a higher rate of interest on personal loans. The minimum rate of interest given to borrowers with a high credit score is upward of 10.50 percent and go up to 24 percent.