New Delhi, May 11 -- A personal loan can help you cover unforeseen expenses, such as medical costs, foreign education, and home renovations. Keeping the same factor in mind, prominent lending institutions across the country, such as State Bank of India, HDFC Bank, ICICI Bank, among others, are offering eligible borrowers with lucrative personal loan offers. These offers start at rates as low as 8.75% to 9%.

Furthermore, Equated Monthly Instalments (EMIs) for a Rs.5 lakh loan over five years generally start at around Rs.10,300; however, the actual cost per individual depends on factors such as credit profile, tenure, repayment potential and lending charges.

On similar lines, prominent Public Sector banks such as Union Bank of India and B...