The interest rate is the real factor, which makes your loan expensive or cheaper. Compare the interest rates of different banks and NBFCs. Currently, the interest rate on personal loans in the country ranges from about 10% to 24%. Remember, lower interest rate means easy EMI and low burden.
Disclaimer: This article is only to give information. The points mentioned here are not any kind of financial advice or banking advice. Always evaluate your financial condition before taking a personal loan and consult the concerned bank, NBFC or authorized financial experts. Loan terms, interest rates and charges can change from time to time.