The interest rate is the real factor that makes your loan expensive or cheap. 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, a lower interest rate means easier EMIs and less burden.
Disclaimer: This article is for informational purposes only. The points mentioned here are not financial or banking advice. Always assess your financial condition and consult with the relevant bank, NBFC, or authorized financial expert before taking a personal loan. Loan terms, interest rates, and charges are subject to change.