Personal Loan Interest Rates in India (2025) – Best Bank Offers & Eligibility
A personal loan is an excellent financial tool for emergencies, medical expenses, travel, or home renovation. Since personal loans are unsecured, banks determine interest rates based on your credit score, income, and repayment ability.
1. Latest Personal Loan Interest Rates (2025)
Here are the updated personal loan interest rates from top Indian banks:
| Bank | Interest Rate (p.a.) | Loan Amount | Tenure |
|---|---|---|---|
| HDFC Bank | 10.5% – 21% | ₹50,000 – ₹40 Lakh | Up to 6 years |
| SBI Personal Loan | 9.8% – 15.5% | ₹25,000 – ₹20 Lakh | Up to 7 years |
| ICICI Bank | 10.75% – 19% | ₹50,000 – ₹50 Lakh | Up to 6 years |
| Axis Bank | 10.49% – 18.5% | ₹50,000 – ₹40 Lakh | Up to 5 years |
| Kotak Mahindra Bank | 10.99% – 20% | ₹50,000 – ₹40 Lakh | Up to 5 years |
2. Factors Affecting Personal Loan Interest Rates
Lenders determine interest rates based on the following:
✅ Credit Score – A score of 750+ ensures lower interest rates.
✅ Income Level – Higher income attracts better rates.
✅ Employment Type – Salaried employees get lower rates than self-employed individuals.
✅ Loan Amount & Tenure – Longer tenure may have slightly higher rates.
3. How to Get the Best Personal Loan Rate?
💡 Compare Different Banks – Use online loan comparison platforms.
💡 Improve Your CIBIL Score – Pay credit card bills on time.
💡 Choose the Right Bank – Some banks offer lower rates to existing customers.
💡 Apply for a Lower Loan Amount – High loan amounts may have higher interest rates.
4. Best Banks for Personal Loans in 2025
🔹 HDFC Bank Personal Loan – Best for fast approval and high loan amounts.
🔹 SBI Xpress Credit Loan – Best for government employees and pensioners.
🔹 ICICI Bank Personal Loan – Instant disbursal within 24 hours.
🔹 Axis Bank Personal Loan – Attractive interest rates for salaried professionals.
🔹 Bajaj Finserv Personal Loan – Flexible tenure with minimal documentation.
5. Personal Loan Eligibility Criteria
✔ Age: 21 to 60 years
✔ Minimum Income: ₹25,000 per month (varies by bank)
✔ Employment: Salaried or self-employed
✔ Credit Score: 700+ preferred
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Personal loan interest rates in India (2025) vary based on credit score, income, and loan amount. Comparing banks and maintaining a good credit score can help secure the lowest rates.
Apply for a personal loan wisely to avoid high EMIs and debt burden!
✅ Personal loan interest rates in India 2025
✅ Best personal loan banks
✅ HDFC personal loan rates
✅ SBI personal loan interest rate
✅ ICICI personal loan eligibility