All banks offer a 1-lakh personal loan to their customers. Ideally, it is ideal to go for the bank where you maintain your salary account or business transactions when you need 1 lac loan . It becomes easy for the bank to process your application and gauge your repayment capacity. Besides, the loyalty factor allows you a concession in the interest rates. Nevertheless, you are always free to approach any bank for the 1-lakh rupees loan. From the interest rate viewpoint, the nationalized banks are the best options, followed by the private sector banks and other financial institutions. When it comes to prompt service, the private sector banks and other institutions are better.