Personal loans, April 30 -- At the time of applying for personal loans, it is important to check the interest rates charged by different banks - both state and private.

On April 9, Reserve Bank of India (RBI) cut the repo rate by 25 basis points, thus incentivising banks to lower their interest rates on their borrowings. However, the immediate impact is seen on home loans (with variable interest rates) and not on personal loans which typically charge a fixed rate of interest across the loan tenure.

Here, we list out the interest rates charged by banks on their personal loans.

I. HDFC Bank: The largest private sector bank charges an interest in the range of 10.90 percent to 24 percent per annum on personal loan. Additionally, the bank c...