Everest Bank Consumer & EMI Loan interest rate 2083
Everest Bank's consumer & emi loan is priced at 5.13%–7.13% effective in Bhadra 2083: a 4.13% base rate plus a 1%–3% premium. That ranks 1st cheapest of the 2 commercial banks we track for this product. On Rs. 2 Lakh over 12 months the EMI is about Rs. 17,133, plus a 1.5% processing fee.
- Effective rate
- 5.13% – 7.13%
- Base rate
- 4.13%
- Premium
- 1% – 3%
- Processing fee
- 1.5%
- Maximum tenure
- 36 months
- Maximum loan-to-value
- 80%
- Rank by rate
- 1 / 2
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: everestbankltd.com/supports/interest-and-rates/interest-rates-loans-and-advances/
Everest Bank Consumer & EMI Loan: effective rate 5.13%, EMI from Rs. 17,133 per month. Compare with 1 other banks.
Rate breakdown
Base rate
4.13%
Premium
1%–3%
Effective rate
5.13%–7.13%
Fixed
8%
- Processing fee
- 1.5% (Min Rs. 500)
- Prepayment penalty
- 0%
- Fixed-rate terms
- Loan against consumable goods, up to 7 years
- Loan amount
- Rs. 20 K – Rs. 10 Lakh
- Tenure
- 6 – 36 months
- Max financing
- 80%
- Age
- 21 – 65 years
Highlights
- Phones, laptops, appliances
- 0% EMI on partner brands
- Approval in 24 hours
Who is eligible
Citizenship and 3 months bank statement. Some retailers need only citizenship.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Product quotation or invoice
Everest Bank Consumer & EMI Loan FAQ
What is Everest Bank's current Consumer & EMI Loan interest rate?+
Everest Bank's Consumer & EMI Loan floating rate is base rate 4.13% plus a premium of 1% to 3%, giving 5.13% to 7.13% effective from Bhadra 2083.
What is the EMI on a Rs. 2 Lakh Consumer & EMI Loan from Everest Bank?+
At 5.13% over 12 months, the EMI is roughly Rs. 17,133. Use the calculator above to change the amount or tenure.
Can I prepay a Everest Bank Consumer & EMI Loan?+
Yes. The published prepayment charge is 0% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
