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.
What bank has the lowest loan rates?
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.
Can I get loan on zero interest rate?
Zero-interest loans, where only the principal balance must be repaid, often lure buyers into impulsively buying cars, appliances, and other luxury goods. These loans saddle borrowers with rigid monthly payment schedules and lock them into hard deadlines by which the entire balance must be repaid.