Can we get loan from Indian Bank?
Indian Bank Personal Loan Details Personal Loans by Indian Bank are available for salaried working with government, private sector, MNCs and self-employed professionals such as doctors within the age group of 21 to 58 years. Indian Bank Personal Loan can be availed for a period of 12 months and can go up to 36 months.
What is the interest rate for 10 lakh loan?
₹ 10 Lakh Personal Loan EMI Calculator
| Bank | Interest rate charged | EMI per month for 5 years in Rs |
|---|---|---|
| Indian Overseas Bank ⊕ Compare | 10.00% | ₹ 21,247 |
| ICICI Bank ⊕ Compare | 10.25% | ₹ 21,370 |
| HDFC Bank ⊕ Compare | 10.25% | ₹ 21,370 |
| Kotak Bank ⊕ Compare | 10.45% | ₹ 21,469 |
What is the EMI for 2 lakhs personal loan?
₹ 2 Lakh Personal Loan EMI Calculator
| Bank Name | Monthly EMI for 5 Years (₹) |
|---|---|
| IIFL ⊕ Compare | ₹ 4,424 |
| Fullerton India ⊕ Compare | ₹ 4,448 |
| IDBI Bank ⊕ Compare | ₹ 4,449 |
| Syndicate Bank ⊕ Compare | ₹ 4,489 |
What is the eligibility for personal loan in Indian bank?
Indian Bank Personal Loan Eligibility Criteria
| Age | Minimum 21 years |
|---|---|
| Minimum Income | Rs.4000 – Rs.20000 per month (Varies according to area, which is higher in cities) |
| Maximum Loan Amount | Rs.70 lakhs (Based on your repayment capability) |
| Tenure | Minimum – 6 months |
| Maximum – 60 months |
What is the interest of 7 lakh in SBI?
The EMI for a 7 lakhs SBI personal loan depends on the interest rate and loan tenure. So you can see the EMIs at the lowest and the highest Rate of Interest charged on SBI Personal Loans and for the tenure of 36 months and 60 months. INR 12,832 p.m. INR 13,593 p.m.
What is the EMI for 8 lakhs personal loan?
₹ 8 lakh Personal Loan EMI with Different Tenors
| Loan Amount | EMI | |
|---|---|---|
| EMI when Tenor is 1 year | ₹ 8 Lakh | ₹ 70,426 |
| EMI when Tenor is 2 year | ₹ 8 Lakh | ₹ 37,008 |
| EMI when Tenor is 3 year | ₹ 8 Lakh | ₹ 25,908 |
| EMI when Tenor is 4 year | ₹ 8 Lakh | ₹ 20,386 |
What is the interest of 5 lakh in SBI?
State Bank of India FD Returns Based on Investment Amount
| Investment Amount | For 3 years with interest of 5.45% | For 5 years with interest of 5.5% |
|---|---|---|
| ₹ 1 lakh | ₹117719 | ₹131570 |
| ₹ 2 lakh | ₹235438 | ₹263141 |
| ₹ 5 lakh | ₹588595 | ₹657852 |
| ₹ 10 lakh | ₹1177190 | ₹1315704 |
Which banks give high interest rates in India?
Kotak Mahindra Bank Savings Account Interest Rate
Who decides the bank interest rates in India?
In India, the Reserve Bank of India determines the bank rate, which is the standard rate at which it is prepared to buy or re-discount bills of exchange or other commercial bills eligible for purchase under the RBI Act 1934 (sec.49).
What is the current bank rate in India?
The maximum SLR that The Reserve Bank of India can set is 40% p.a. However, the current SLR is set at 18.00% p.a. Base Rate: The Reserve Bank of India sets a minimum rate below which banks in India are not allowed to lend to their customers. This minimum rate is called the Base Rate in banking terms.
Which bank offers the highest interest rate?
– Low minimum opening deposit – Solid interest rates – Earn a higher interest rate if you deposit at least $50,000 – Standard early withdrawal penalties