Personal loan, Oct. 2 -- Before choosing a lender, it is recommended to compare interest rates charged by different banks. One can, thereafter, opt for the one that is offering loan at the lowest rate of interest.

Meanwhile, one should also factor in processing charges which also add to your financial burden at the time of seeking a loan. Sometimes, these charges make the entire deal costlier even when interest rates are lower.

Here, we compare the interest rates charged by different lenders, particularly the more prominent ones in both private and government sector.

HDFC Bank: This private sector bank charges interest in the range of 9.99 to 24% per annum. Meanwhile, it charges Rs.6,500 processing charges plus GST.

ICICI Bank: This p...