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Pre-loan Eligibility checker
Last updated on: July 22, 2025
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| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
In recent years, personal loans have become an increasingly popular financial solution for many individuals in India. Whether it’s to finance a wedding, home renovation, or even to pay off high-interest credit card debt, personal loans provide a flexible and convenient option for individuals looking for a quick source of funds. However, with so many options available in the market, it can be challenging to determine the best personal loans in India. In this article, we’ll explore the top personal loans available in India, highlighting their unique features and benefits.
HDFC Bank (Most Popular Bank)
IDFC First Bank – (Recommended)
IndusInd Bank
DBS Bank
Axis Bank
ICICI Bank
Kotak Bank
YES Bank
Standard Chartered Bank
InCred – (Recommended)
Finnable (Recommended)
L&T Finance – Trending
Aditya Birla Finance
Bajaj Finserv
Piramal Finance
Tata Capital
Poonawalla Finance
Fullerton India
Axis Finance
Mahindra Finance
PaySense
Compare interest charges
The interest rate (Annual Percentage Rate or APR) is a critical factor. Compare interest rates offered by different lenders to ensure you’re getting the most competitive rate possible. A lower interest rate can significantly reduce the overall cost of the loan.
Compare Processing Fees and Charges
Review the lender’s terms and conditions for any processing fees, prepayment charges, or late payment fees associated with the loan. These can add to the overall cost. Carefully evaluate these charges from every lender before finalizing a lender
Compare Prepayment charges
Determine if the lender allows for partial prepayments or foreclosure without hefty penalties. Most lenders charge a certain amount for preclosure of loan. You must be carefully be aware of these charges from multiple lenders. This can be useful if you want to repay the loan earlier than the agreed tenure. Certain lenders allow their borrowers to preclose their loans at no charge. It has to be seen on a case-by-case basis
Compare Loan disbursement time
If you need funds urgently, consider the time it takes for the lender to process and disburse the loan. Most lenders provide instant approval for successful applications. However, the fund disbursal time varies from bank to bank. Certain lenders provide funds the same day, while some take a couple of days. Select the one based on your urgency and your financial goals
Compare repayment tenure
The loan tenure affects your monthly EMIs (Equated Monthly Installments). Choose a tenure that aligns with your financial capabilities. Compare the tenures from multiple companies before finalizing one. A longer tenure may result in lower EMIs but may cost more in interest over the long term.
Taking the time to carefully evaluate these parameters and compare offers from different lenders will help you make an informed decision and choose a personal loan that best suits your financial needs and circumstances
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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