Interest Rates
Comparing rates between bank types.
- Private Banks: 10.49% - 16.00% (Axis, HDFC, ICICI)
- Public Banks: 10.65% - 15.00% (SBI, PNB, BOB)
- Verdict: Very similar, slight edge to private for prime customers
Loan Comparison
Private Bank vs Public Bank Personal Loan: Honest Comparison
Should you take a personal loan from a private bank or a public sector bank? Both have distinct advantages. Here's an honest comparison.
Danish MirzaFounder, Unyfy14 years in Indian banking and fintech
Processing Speed
How quickly you get the loan.
- Private Banks: 24-72 hours
- Public Banks: 3-10 working days
- Winner: Private Banks
Documentation
Paperwork requirements.
- Private Banks: Minimal, mostly digital
- Public Banks: More paperwork, physical verification
- Winner: Private Banks
Special Benefits
Unique advantages of each.
- Public Banks: Lower rates for govt employees, longer tenure
- Private Banks: Faster processing, better customer service
Choose based on your priority: speed (private) or slightly lower rates for govt employees (public). Apply through Unyfy for both.
Free Tool
Personal Loan EMI Calculator
Calculate your personal loan EMI instantly. Enter your loan amount, interest rate, and tenure to see your monthly payment and total interest.
₹
₹ Ten Lakh Only
₹1 Lakh₹2 Crore
%
8%20%
12 Months60 Months
Your Monthly EMI
₹32,385
for 36 months at 10.25% p.a.
Principal
₹10,00,000
Interest
₹1,65,860
Total Amount Payable
₹11,65,860
Principal (85.8%)
Interest (14.2%)
Our Partners
Partnered with India's Leading Banks & NBFCs
We work with the most trusted financial institutions to bring you the best loan offers.
Axis Bank
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50,000+
Happy Customers
₹500 Cr+
Loans Disbursed
4.8/5
Customer Rating