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The earlier post in finance.oriyaonline.com/blog was meant to let you know how to get the best deal on personal loan! As had been mentioned, for a better deal you need to be aware of the rates on offer by various banks. So lets discuss the rates on offer by the banks in this post!

To begin with, the tenet followed by various banks on loan disbursal as well as interest charged varies from bank to bank taking into consideration different things. Here we are publishing the list of interest charged by banks on personal loans taken by salaried employees working in different companies. The employer companies are classified by various banks into three categories for the purpose of loan disbursal. These are stated below:

Category 1 - Top 1000 companies.
Category 2 - Multi National Company ( MNC)
3rd category – Small companies that are not covered under the above two categories

Banks/Rates Salaried
CAT 1 CAT 2 Others Pre Payment Charges Processing Fees
ICICI Bank 14% - 14.75%
(For Special Companies)

15.5%
(Salary Above 75,000)
16 %
(Salary 50,000 -75,000)
17 %
(Salary 30,000 -50,000)
18.25%
(Salary 20,000 -30,000)
18.5%
(Less Than 20,000)
 

15.5%
(Salary Above 75,000)
16 %
(Salary 50,000 -75,000)
17 %
(Salary 30,000 -50,000)
18.25%
(Salary 20,000 -30,000)
18.5%
(Less Than 20,000)
15.5%
(Salary Above 75,000)
16 %
(Salary 50,000 -75,000)
17 %
(Salary 30,000 - 50,000)
18.25%
(Salary 20,000 -30,000)
18.5%
(Less Than 20,000)
5% 2% - 2.25%
HDFC Bank 13.99% - 14.75%
(For Special Companies)

15.75%
(for 75,000 & above salary),
16.25%
(for 50,000-75,000 salary),
17.25%
(for 35,000-50,000 salary),
19.25%
(below 35,000 salary)

15.75%
(for 75,000 & above salary),
16.25%
(for 50,000-75,000 salary),
17.25%
(for 35,000-50,000 salary),
19.25%
(below 35,000 salary)
22.25% 4% 2% if salary account in HDFC - other wise 2.5%
ING Vysya 14.50%
(for 75,000 & above salary),

15.75%
(for 40,000 - 75,000 salary),

17.25%
(for 30,000 - 40,000 salary)

0.5% Waiver for Ing Salary Account Holder

14.75%
(for 75,000 & above salary),

16.25%
(for 40,000 - 75,000 salary),

17.25%
(for 30,000 - 40,000 salary)

0.5% Waiver for Ing SalaryAccount Holder
 

16.25%
(for 75,000 & above salary),

16.75%
(for 40,000 - 75,000 salary),

18.25%
(for 25,000 - 40,000 salary)

0.5% Waiver for Ing Salary Account Holder
 

2%

Nil Foreclosure Charges Special Offer. Valid till( 31th Dec 12 )

1.5% (For ING Salary Account Holder), other wise 1.75% - 2%
SBI - State Bank of India
18.25%
18.25%
18.25%
N.A N.A
Standard Chartered Bank 16% - 17% 17% - 18% 19% - 22% 2%-5% 2%
Citibank 16%
( upto 30,000 salary),
15%
(above 30,000 salary)
17%
( upto 30,000 salary),
16%
(above 30,000 salary)
17%
( upto 30,000 salary),
16%
(above 30,000 salary)
3% 1% - 2%
Axis Bank 15% (For Super CAT A),
16% (For CAT A)
17% 19% - 20% Nill 2% & Prepayment Charges Nil
Kotak Bank 13.99- 14.25%
(For Special Companies)

15.5%

16.5% 18%-19% 4% 0.8% - 1.5 %
(for special companies)

2%

Andhra Bank 15.75%-16.75%
16.75%-18.75% N.A. N.A. Rs250-Rs1000/-
Bank of Baroda 15% 15.5% N.A. N.A. 2%
Corporation Bank 14.5%
(undertaking letter required)
N.A. N.A. N.A. 1.50% of the loan amount or Rs.500/-
United Bank Of India 16%
12%(For pensioners)
16%-18%
12%(For pensioners)
16%-18%
12%(For pensioners)
N.A. N.A.
Vijaya Bank 16% N.A. N.A. N.A. N.A.

P.S*

Prepayment charges – Are charged by the bank in case you decide to repay your loan amount way before the tenure.
Processing Fees – are charged by the banks to process your application for loans.

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