Everest Bank Professional Loan interest rate 2083
Everest Bank's professional 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 11 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 18,931, plus a 0.75% processing fee.
- Effective rate
- 5.13% – 7.13%
- Base rate
- 4.13%
- Premium
- 1% – 3%
- Processing fee
- 0.75%
- Maximum tenure
- 120 months
- Rank by rate
- 1 / 11
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: everestbankltd.com/supports/interest-and-rates/interest-rates-loans-and-advances/
Everest Bank Professional Loan: effective rate 5.13%, EMI from Rs. 18,931 per month. Compare with 10 other banks.
Rate breakdown
Base rate
4.13%
Premium
1%–3%
Effective rate
5.13%–7.13%
Fixed
9%
- Processing fee
- 0.75% (Min Rs. 2,000)
- Prepayment penalty
- 1.14%
- Fixed-rate terms
- Up to 7 years
- Loan amount
- Rs. 3 Lakh – Rs. 1 Cr
- Tenure
- 12 – 120 months
- Max financing
- —
- Age
- 21 – 65 years
Highlights
- Doctors, engineers, CAs, lawyers
- Clinic or office setup
- Equipment financing
Who is eligible
Professional council registration and 2 years practice.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Professional council registration
- Practice licence
Everest Bank Professional Loan FAQ
What is Everest Bank's current Professional Loan interest rate?+
Everest Bank's Professional 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. 10 Lakh Professional Loan from Everest Bank?+
At 5.13% over 60 months, the EMI is roughly Rs. 18,931. Use the calculator above to change the amount or tenure.
Can I prepay a Everest Bank Professional Loan?+
Yes. The published prepayment charge is 1.14% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
