There are crores of people living in our 

country even today whose salary every 

month is not enough to meet their needs.  In such a situation, they are always looking for such ways, with the help of which their needs can be fulfilled.  One of them is Personal Loan, often while taking a loan, people want to know how to get the cheapest personal loan.

 If you are also considering taking a personal loan.  So read this article of ours till the end.  In this article, we will tell you which are the banks in the country which are giving the cheapest personal loan at this time.  On whom you can easily take a personal loan by relying on it.  Also, how many types of personal loans are there.

 Types of Personal Loan

 Before knowing how to get the cheapest personal loan, it is important for you to know what are the types of personal loans, so that you do not face any problem in taking the loan.

 Generally we believe that personal loan can be taken only when you have to do some big work.  But in reality it is not so.  Apart from this, you can also take a personal loan for many things.  Let us know about all the types of personal loans.

 Travel Loan - You can take this type of loan when you are planning to go on a long trip.  Which is going to cost a lot.

 Home Renovation Loan - When a house becomes old then it needs to be repaired.  For this you can take this type of loan.  So that you can get your house repaired.

Wedding Loan - If you are going to marry someone at home and you are facing money crunch.  Even then you can apply for a personal loan by going to the bank.

 Education Loan - We all know this loan.  This type of loan is taken when you are not able to afford your studies, then the bank gives you a loan for that.

 Joint Personal Loan - When two or more people are involved in the same loan.  So this type of loan is given.  The special thing is that husband and wife can also be involved in it.

 cheapest personal loan

 Let us now tell you which are the banks in the country which are working to give you the cheapest personal loan.

 Cheapest Personal Loan from State Bank of India - If you want to take a personal loan then you can apply for it in State Bank of India.  Here you can get a maximum loan of up to 20 lakhs.  Which will have an interest rate of 9.60 percent.  Also, this loan can be given to you for a maximum period of 6 years.

 Bank of Maharashtra Cheapest Personal Loan - The second name in giving the cheapest personal loan comes from Bank of Maharashtra.  This is a government bank that can give you a personal loan of up to 20 lakhs for a long period of 84 months.  Whose interest rates will also be only 9.45 percent.  But if your civil score is less than 800 then these interest rates can also increase.

 Punjab National Bank - Punjab National Bank is also at the forefront of giving you cheap personal loans.  If you want from this bank, you can take a personal loan of up to 10 lakhs for the whole 60 months.  Whose interest rate will be only from 7.90 to 14.45 percent.

 Kotak Mahindra Bank - This bank is also a well-known bank in the country.  If you take a personal loan from this bank.  So you have to pay 10.50 percent interest.  Whereas this bank can give you a loan of 25 lakhs to 50 lakhs for a maximum period of 5 years.  With the help of which you can make your dream come true.

Union Bank Cheapest Personal Loan - If you go to take a personal loan from Union Bank, then you can also get a personal loan from 5 LAKH to 15 lakh from this bank for a maximum period of 60 months.  Whereas on this loan you will have to pay an interest rate of 8.90 percent.

 Canara Bank - If you want to apply for a personal loan from Canara Bank.  So this bank can also give you loan for full 18 months.  On which you will have to pay interest of 12.05 percent.  If we talk about the maximum loan, then you can get a loan of up to 3 lakhs from this bank.

 Bank of Baroda - If you take a personal loan from Bank of Baroda.  So this bank can also give you a loan up to a maximum of 15 lakhs.  While talking about the maximum amount, it will be 15 lakhs.  The interest rates depend on your civil score.  Therefore, on taking a loan from this bank, you will be charged at least 8.65 percent interest rate.  While the maximum interest rate can go up to 16 percent.

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