it is a PowerPoint presentation based on management and economic analysis of personal loan. it has total 13 slides: the first slide is name the second slide is formal definition of personal loan and its types. the third slide is definition of secured loan and its example the fourth slide is definition of unsecured loan and its example the fifth slide is important part which is tips to get loan on lowest interest rates. 6th slide consist of formula to payback loan you will see the documents what do you need to apply for personal loan for both salaried and self employed in 7th slide. the 8th slide has information of 20-22 banks of current year 2021-2022 there are also uses of personal loan given in 9th and 10th slide. the 11th slide has its conclusion for personal loan it also attached reference link in the final slide of presentation.

1. Management & Economic
Analysis of Personal Loan
Name: Saurabh Patil

2. What is Personal Loan?
 A personal loan is an amount of money you can borrow to use for a
variety of purposes. For instance, you may use a personal loan
to consolidate debt, pay for home renovations, or plan a dream
wedding. Personal loans can be offered by banks, credit unions, or
online lenders. The money you borrow must be repaid over time,
typically with interest.
 Secured loan
 Unsecured loan
 Range: Rs 10,000- 1 Cr

3. What is a Secured Loan?
• A secured loan is a loan given out by a financial institution where in an
asset is used as collateral or security for the loan. For example, you can
use your house, gold, etc., to avail a loan amount that corresponds to the
asset’s value. In the case of a secured loan, the bank or financial
institution that is dispensing the loan will hold on to the ownership deed
of the asset until the loan is paid off.
• Examples of secured loans
Loan against property
Home equity line of credit
Car loan

4. What is an Unsecured Loan?
• Unsecured loans, like the name suggests, is a loan that is not secured by
a collateral such as land, gold, etc. These loans are comparatively riskier
to a lender and therefore associated with a high interest rate. When a
lender releases an unsecured loan, he does so after evaluating your
financial status and assessing whether or not you are capable of
repaying your loan.
• Examples of unsecured loans
Credit cards
Personal loans
Student loans

5. How to Get Lowest Interest Rate on Personal Loan?
If you are looking to apply for a personal loan, here are a few tips that will help you avail a cheapest rate of interest:
• ImproveYour Credit Score: A high credit score indicates that you are creditworthy. Banks and financial institutions
financial institutions offers lowest personal loan interest rates to applicants who have a high credit score.Thus, you
should check your credit score before applying for a personal loan.There are more chances of you getting a
personal loan at a low interest if your credit score is over 750.
• Avoid Missing Repayments: If you miss a loan or credit card repayment, your credit score may be adversely
adversely affected. Loan providers usually take your repayment history into account before deciding the personal
loan interest rates.Those who have paid their past EMIs and credit card bills on time are likely to be charged a lower
interest.
• Keep an Eye Out for Offers: Banks and financial institutions usually offer special interest rates for a limited period
a limited period of time during festive occasions. If you apply for a loan while such an offer is running, you may be
offered a lower rate of interest.
• Compare Interest Rates: Before applying to a particular bank for a personal loan, it is necessary to compare the
to compare the personal loan interest rates charged by various banks.This will help you avail a personal loan at a
competitive interest rate.
• Negotiate with the Lender: If you are an existing customer of a bank or have a good relationship with the loan
with the loan provider, you can negotiate for a lowest interest rate.When doing this, it is advisable to submit a
formal written request to the loan provider.

6. Loan Repayment Schedule
• Amount
• EMI- Estimated monthly installment/Equated monthly installment.
EMI=(P*R/12)*[(1+R/12)^N] / [(*(1+R/12)^N-1],
Where;
P= principal(loan amount)
R= Annual interest Rate
N= No. of Monthly Instalments

7. Document Required For Personal Loan
Self Employed
• 2 photos + ID proof
• PAN mandatory
• Residential proof
• Ownership
• Utility bill
• 1 year banking
• 3 year ITR + Business proof(service
tax, company profile.)
Salaried
• 2 photos + ID proof
• PAN mandatory
• Residential proof
• Ownership
• Utility bill
• 6 month banking
• 3 month salary slip or 2 years form-
16

8. Current Interest Rate on Personal Loans(2021-2022)
Bank Interest Rate (p.a.) Processing Fee
HDFC Bank 10.5% p.a. - 21.00% p.a. Up to 2.50%
Yes Bank 13.99% p.a. - 16.99% p.a. Up to 2.50%
Citibank 9.99% p.a. - 16.49% p.a. Up to 3%
Kotak Mahindra Bank 10.25% and above Up to 2.5%
Axis Bank 12% p.a. - 21% p.a. At the discretion of the bank
IndusInd Bank 11.00% p.a. - 31.50% p.a. 2.5% onwards
HSBC Bank 9.75% p.a. - 15.00% p.a. Up to 1%
IDFC First Bank 12% p.a. - 26% p.a. Up to 3.5%
Tata Capital 10.99% onwards Up to 2.75%
Aditya Birla Capital 14% p.a. -26% p.a. Up to 2%
State Bank of India 9.60% p.a. - 15.65% p.a. Up to 1.50%
Bank of Baroda 10.50% p.a. - 12.50% p.a. Up to 2%
Federal Bank 10.49% p.a. - 17.99% p.a. Up to 3%
Bank of India 10.75% p.a. - 12.75% p.a. Up to 2%
RBL Bank 14% p.a. - 23% p.a. Up to 3.5%
Punjab National Bank 8.95% p.a. - 14.50% p.a. Up to 1.80%
Bank of Maharashtra 9.55% p.a. - 12.90% p.a. Up to 1%
Central Bank of India 9.85% and above Rs.500
City Union Bank 11.25% p.a. 1.25%
J&K Bank 11.80% p.a. and above Up to Rs.500

9. Uses of Personal Loan
1. Self Emergency
2. Wedding
3. Unplanned vacations
4. Buying new electronics gadgets
5. Relocations
6. Home renovations

11. Conclusion.
• So, what we have witnessed is –
• Taking a personal loan is a wise decision to meet extra funding
requirements. But before making out any decision on a personal loan, it
is wise to check service charges, foreclosure charges and hidden fees
associated with this.

12. References
 https://www.bankbazaar.com/personal-loan-interest-rate.html
 https://www.investopedia.com/terms/u/unsecuredloan.asp
 www.hdfcbank.com/personal/resources/learning-centre/borrow/what-is-a-
personal-loan

13. Thanks….