Personal loan interest rates from top private sector lenders are usually available from 10.49% p.a. However, the lowest personal loan interest rates are offered by public sector banks like SBI Bank of India and Bank of Maharashtra.
Can I get loan on zero interest rate?
You may be able to get an interest-free loan. Requirements vary based on the loan type — and some borrowers may not be eligible. In some cases, no-interest loans have introductory offers that provide 0% APR for a set period.
Which type of loan interest loan is lowest?
The cheapest loans in India are secured loans like home loans. They come with low interest rates but the usage is restricted.
Which type of loan has zero interest rate?
You can either opt for interest-free education loans, interest-free home loans, interest-free car loans, interest-free travel loans, interest-free loans for business, and others from various lenders, or opt for government interest-free loans.