Personal Loan Interest Rates

Lowest Personal Loan Rate 10.50%
Processing Fee Upto 2% of loan amount
Loan Tenure Upto 5 years
Lowest EMI Per Lakh ₹ 2,149 for 5 years
Prepayment Charges Nil to upto 5%

Personal Loan Interest Rates

Bank Personal Loan Interest Rates Processing Fee
SBI Personal Loan 12.50% 1%
HDFC Bank Personal Loan 10.75% Upto 2.50% Min Rs. 1,999
ICICI Bank Personal Loan 11.25% Starting from 0.99%, Up to 2.25%
Bajaj Finserv 11.99% Starting from 1.50%, Up to 3%
Citibank 10.50% Upto 0.5%
IDFC First Bank 11.50% 1 - 1.5%
Axis Bank 11.25% 1.50% to 2.00%
Tata Capital 10.99% Flat fee of Rs. 1499*, Upto 2.50%
Fullerton India 11.99% 2%
IndusInd Bank 11.00% Min 0.75% to Max 1.75%
Kotak Bank 10.75% Upto 2.5%
RBL Bank 13.99% Upto 2%
IIFL 12.99% 1 - 2%
HDB Financial 13.99% Upto 2% of loan amount
PNB 12.00% 1.8% + taxes
Andhra Bank 11.55% Case to Case
Yes Bank 10.99% Starting at 0.99%, Up to 2%
Union Bank of India 12.70% 0.5%, Min Rs. 500
Bank of Baroda 11.60% 2%, Min Rs. 250
Syndicate Bank 13.40% 0.5%, Min Rs. 500
Standard Chartered Bank 10.99% 1.00%
Bank of Maharashtra 15.10% 1%, Min Rs. 1,000
Canara Bank 13.00% 0.50%
Muthoot 14.00% 2.5-3.5%
Corporation Bank 12.95% 1.5%, Min Rs. 500
Karur Vysya Bank 13.90% 0.40%
Federal Bank 11.49% 0.5%, Min Rs. 500
Indian Overseas Bank 12.70% Rs. 204 per lakh
Indian Bank 11.05% 0.5%, Min- Rs. 508
Allahabad Bank 12.15% 1.06%, Min- Rs. 1068
IDBI Bank 13.20% 1%

Eligibility Criteria for Personal Loans

  1. Salaried staff. Salaried doctors. staff of public and personal restricted firms. Public and personal restricted firms. 
  2. Minimum age of twenty one years.
  3. Maximum age of sixty years at the time of maturity of the non-public Loan.
  4. Minimum web monthly financial gain – Rs. 15,000.