Prabhu Bank Consumer & EMI Loan interest rate 2083
Prabhu Bank Consumer & EMI Loan: effective rate 12.64%, EMI from Rs. 17,830 per month. Compare with 19 other banks.
#19 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
7.08%
Premium
5.56%–7.17%
Effective rate
12.64%–14.25%
Fixed
Not offered
- Processing fee
- 1.5% (Min Rs. 500)
- Prepayment penalty
- 0%
- Loan amount
- Rs. 20 K – Rs. 10 Lakh
- Tenure
- 6 – 36 months
- Max financing
- 8%
- 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
Prabhu Bank Consumer & EMI Loan FAQ
What is Prabhu Bank's current Consumer & EMI Loan interest rate?+
Prabhu Bank's Consumer & EMI Loan floating rate is base rate 7.08% plus a premium of 5.56% to 7.17%, giving 12.64% to 14.25% effective from Bhadra 2083.
What is the EMI on a Rs. 2 Lakh Consumer & EMI Loan from Prabhu Bank?+
At 12.64% over 12 months, the EMI is roughly Rs. 17,830. Use the calculator above to change the amount or tenure.
Can I prepay a Prabhu 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.