Best Personal Loans in India — March 2026
7 offers from 17+ lenders. Updated today.
HDFC Bank
Interest Rate
10.5% - 21.0%
Loan Amount
₹50K — ₹40L
Tenure
12 — 60 months
Processing Fee
2.50%
State Bank of India
Interest Rate
11.0% - 15.0%
Loan Amount
₹25K — ₹20L
Tenure
6 — 72 months
Processing Fee
1.50%
Kotak Mahindra Bank
Interest Rate
10.49% - 24.0%
Loan Amount
₹50K — ₹40L
Tenure
12 — 60 months
Processing Fee
2.50%
ICICI Bank
Interest Rate
10.75% - 19.0%
Loan Amount
₹50K — ₹50L
Tenure
12 — 60 months
Processing Fee
2.00%
Bajaj Finserv
Interest Rate
11.0% - 22.0%
Loan Amount
₹25K — ₹35L
Tenure
12 — 60 months
Processing Fee
3.00%
Axis Bank
Interest Rate
10.75% - 22.0%
Loan Amount
₹50K — ₹15L
Tenure
12 — 60 months
Processing Fee
2.00%
IDFC First Bank
Interest Rate
10.49% - 23.99%
Loan Amount
₹20K — ₹10L
Tenure
6 — 48 months
Processing Fee
2.00%
Everything You Need to Know About Personal Loans
Personal loans in India are unsecured loans that can be used for any purpose — from wedding expenses to medical emergencies, home renovation to debt consolidation. With no collateral required, they offer quick access to funds based on your creditworthiness and income.
Key Factors When Choosing a Personal Loan
- Interest Rate: Rates range from 10.49% to 24% depending on your credit score and lender.
- Processing Fee: Typically 1-3% of the loan amount. Some lenders waive it during promotions.
- Prepayment Charges: Check if you can close the loan early without penalties.
- Disbursal Time: Leading lenders offer same-day or next-day disbursal.
Eligibility Criteria
Most lenders require a minimum credit score of 650-700, stable income, and employment for at least 1-2 years. Salaried individuals with a credit score above 750 get the best rates.