Personal Loan Offers: HDFC Bank vs. Axis Bank – Interest Rates, EMIs & Important Considerations
HDFC vs. Axis Bank: Nowadays, taking a loan has become a common thing, whether it is a home loan or any other type of personal loan.
Through this, people get help in doing everything from home repair to wedding expenses and other important works.
While taking a loan, it is important to know which bank is giving you the best offer. Because the interest rates and EMIs of every bank are different.
Offers from HDFC Bank and Axis Bank
The interest rate on personal loan in HDFC Bank starts from 10.75%. If you take a loan of Rs 3 lakh for 3 years, then your monthly EMI will be around Rs 9,786. The processing fee here is Rs 4,999.
At the same time, the interest rate on personal loans in Axis Bank starts from 11%. If you take a loan of Rs 3 lakh for 3 years, then your monthly EMI will be around Rs 9,822.
Keep other important things in mind
Before taking a personal loan, you need to keep many things in mind, such as checking the credit score. A good credit score can help you get a loan at a lower interest rate.
Also, while taking a loan, you should keep in mind its tenure and EMI so that you can repay the loan on time. You should also read its terms and conditions carefully before taking the loan.
Disclaimer: The information provided in this article is for general informational purposes only. Loan interest rates, EMIs, and processing fees may vary based on individual eligibility, credit score, and bank policies.
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