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Best Personal Loan in India 2025

Get the best deals on personal loans with attractive Interest rates from 30+ Banks and NBFCs. Compare personal loans from different lenders on Fincover and apply now!

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Key Takeaways ✦

    Check the Best Personal Loan Offers of Banks and NBFCs

    When looking for the best personal loan offers from banks and NBFCs, it’s crucial to compare interest rates, loan amounts, repayment tenures, and processing fees. Whether you need funds for medical emergencies, weddings, education, or travel, choosing the right lender can make a significant difference in affordability and convenience.

    At Fincover.com, we simplify the process by offering a comprehensive comparison of personal loan options from leading banks and NBFCs. With just a few clicks, you can check eligibility, calculate EMIs, and apply instantly. We ensure transparency by listing interest rates, processing fees, and other charges upfront, so you make an informed decision without any hidden surprises.

    Best Personal Loan in India: Compare Interest Rates, Loan Amount, and Tenure

    Applying for the best personal loan in India requires comparing interest rates, loan amounts, and repayment tenures from top banks and NBFCs. Lenders like HDFC Bank, ICICI Bank, SBI, and Bajaj Finserv offer competitive rates. A lower interest rate, flexible tenure, and higher loan amount ensure affordability and convenience for borrowers.

    Top Personal Loans in India 2025

    Given below is the list of 10 best personal loans in India with Interest rates 

    Bank Name Interest Rate
    HDFC Bank 10.85% - 24%
    IDFC First Bank 10.99% - 19%
    IndusInd Bank 10.49% - 12.99%
    DBS Bank 10.99%
    Axis Bank 11.1%
    ICICI Bank 10.85% - 16.65%
    Kotak Bank 10.99%
    YES Bank 11.25% - 21%
    Standard Chartered Bank 11%

    Now You can Compare the offerings of Banks and NBFCs

    List of Banks & NBFCs Offering Best Personal Loan in India

    Compare Top Banks
    hdfc-bank

    HDFC Bank

    Expert Review (4.8/5)
    4.8/5

    Loan Amount
    upto ₹ 40 Lakhs

    Interest Rate
    10.85% - 24%

    Tenure upto
    12 to 72 months

    idfc-bank

    IDFC First Bank

    Expert Review (4.8/5)
    4.8/5

    Loan Amount
    upto ₹ 40 Lakhs

    Interest Rate
    10.99% - 19%

    Tenure upto
    12 to 60 months

    indusiand-bank-cc

    IndusInd Bank

    Expert Review (4.7/5)
    4.7/5

    Loan Amount
    upto ₹ 50 Lakhs

    Interest Rate
    10.49% - 12.99%

    Tenure upto
    12 to 72 months

    DBS

    DBS Bank

    Expert Review (4.5/5)
    4.5/5

    Loan Amount
    upto ₹ 15 Lakhs

    Interest Rate
    10.99 %

    Tenure upto
    12 to 60 months

    axis-bank

    Axis Bank

    Expert Review (4.6/5)
    4.6/5

    Loan Amount
    upto ₹ 40 Lakhs

    Interest Rate
    11.1%

    Tenure upto
    12 to 84 months

    icici-cc

    ICICI Bank

    Expert Review (4.5/5)
    4.5/5

    Loan Amount
    upto ₹ 50 Lakhs

    Interest Rate
    10.85% to 16.65%

    Tenure upto
    12 to 72 months

    kotak-bank

    Kotak Bank

    Expert Review (4.3/5)
    4.3/5

    Loan Amount
    upto Rs 35 Lakhs

    Interest Rate
    10.99%

    Tenure upto
    12 to 72 months

    yesbank-cc

    YES Bank

    Expert Review (4.3/5)
    4.3/5

    Loan Amount
    upto Rs 50 Lakhs

    Interest Rate
    11.25% - 21%

    Tenure upto
    12 to 72 months

    standard-chatered-cc

    Standard Chartered Bank

    Expert Review (4.3/5)
    4.3/5

    Loan Amount
    upto ₹ 40 Lakhs

    Interest Rate
    11.49%

    Tenure upto
    12 to 72 months

    Compare Top NBFCs
    incred-f
    Expert Review (4.9/5)
    4.9/5

    Interest Rate
    15% - 29%

    Loan Amount
    upto Rs.10L

    finnable-loan
    Expert Review (4.7/5)
    4.7/5

    Interest Rate
    14 % - 29%

    Loan Amount
    upto Rs.10L

    L&TF
    Expert Review (4.8/5)
    4.8/5

    Interest Rate
    12% - 24%

    Loan Amount
    upto Rs.30L

    aditya-birla-loan
    Expert Review (4.6/5)
    4.6/5

    Interest Rate
    13% - 28%

    Loan Amount
    upto Rs.50L

    bajaj-loan
    Expert Review (4.6/5)
    4.6/5

    Interest Rate
    11% - 37%

    Loan Amount
    upto Rs.30L

    piramal
    Expert Review (4.5/5)
    4.5/5

    Interest Rate
    Starting 12.99% (p.a.)

    Loan Amount
    upto Rs.20L

    tata-capital-loan
    Expert Review (4.3/5)
    4.3/5

    Interest Rate
    10.99% - 28%

    Loan Amount
    upto Rs.35L

    poonawalla-loan
    Expert Review (4.3/5)
    4.3/5

    Interest Rate
    11.49% - 19%

    Loan Amount
    upto Rs.30L

    fullerton-loan
    Expert Review (4.6/5)
    4.6/5

    Interest Rate
    13% - 28%

    Loan Amount
    upto Rs.25L

    axis-finance
    Expert Review (4.5/5)
    4.5/5

    Interest Rate
    13% onwards

    Loan Amount
    upto Rs.25L

    Mahindra-Finance
    Expert Review (4.2/5)
    4.2/5

    Interest Rate
    12% - 36%

    Loan Amount
    upto Rs.6L

    Paysense-f
    Expert Review (4.2/5)
    4.2/5

    Interest Rate
    16.8% - 33%

    Loan Amount
    upto Rs.5L

    HDFC Bank (Most Popular Bank)

    • Loan Amount: Up to ₹40 Lakhs
    • Interest Rate: 10.85% – 24%
    • Tenure: 12 to 72 months
    • Eligibility: Minimum CIBIL score of 750+ and 65% FOIR (Fixed Obligation to Income Ratio)
    • Processing Fee: Low fees with quick disbursal within 1 day
    • Why Choose HDFC: HDFC Bank is known for its competitive interest rates and fast approval process, making it ideal for salaried and self-employed applicants.

    IDFC First Bank – (Recommended)

    • Loan Amount: Up to ₹40 Lakhs
    • Interest Rate: 10.99% – 19%
    • Tenure: 12 to 60 months
    • Eligibility: Minimum 1 loan track and 70% FOIR
    • Approval Time: Instant approval within 20 minutes
    • Why Choose IDFC First: IDFC First offers quick disbursal and competitive rates, ideal for those with a stable repayment track record.

    IndusInd Bank

    • Loan Amount: Up to ₹50 Lakhs
    • Interest Rate: 10.49% – 12.99%
    • Tenure: 12 to 72 months
    • Why Choose IndusInd: High loan amounts with attractive interest rates make it suitable for both short and long-term financial needs.

    DBS Bank

    • Loan Amount: Up to ₹15 Lakhs
    • Interest Rate: 10.99%
    • Tenure: 12 to 60 months
    • Eligibility: No address proof or company listing required, 750+ CIBIL score
    • Why Choose DBS: Easy eligibility and quick processing make DBS ideal for professionals and salaried individuals.

    Axis Bank

    • Loan Amount: Up to ₹40 Lakhs
    • Interest Rate: 11.1%
    • Tenure: 12 to 84 months
    • Why Choose Axis: Longer repayment tenure with steady interest rates, ideal for large personal expenses.

    ICICI Bank

    • Loan Amount: Up to ₹50 Lakhs
    • Interest Rate: 10.85% – 16.65%
    • Tenure: 12 to 72 months
    • Why Choose ICICI: Flexible repayment terms and high loan amounts suitable for salaried and self-employed individuals.

    Kotak Bank

    • Loan Amount: Up to ₹35 Lakhs
    • Interest Rate: 10.99%
    • Tenure: 12 to 72 months
    • Why Choose Kotak: Competitive rates and flexible tenure make it ideal for mid-range financial requirements.

    YES Bank

    • Loan Amount: Up to ₹50 Lakhs
    • Interest Rate: 11.25% – 21%
    • Tenure: 12 to 72 months
    • Why Choose YES Bank: Higher loan amounts and flexible terms make it ideal for business and personal expenses.

    Standard Chartered Bank

    • Loan Amount: Up to ₹40 Lakhs
    • Interest Rate: 11.49%
    • Tenure: 12 to 72 months
    • Why Choose Standard Chartered: Steady rates and flexible repayment options for higher financial needs.

    NBFCs

    InCred – (Recommended)

    • Loan Amount: Up to ₹10 Lakhs
    • Interest Rate: 15% – 29%
    • Approval Time: Instant approval within 4 hours
    • Why Choose InCred: Fast disbursal and flexible repayment terms, ideal for urgent financial needs.

    Finnable (Recommended)

    • Loan Amount: Up to ₹10 Lakhs
    • Interest Rate: 14% – 29%
    • Why Choose Finnable: Ideal for salaried professionals with quick processing and flexible repayment options.

    L&T Finance – Trending

    • Loan Amount: Up to ₹30 Lakhs
    • Interest Rate: 12% – 24%
    • Why Choose L&T: Bonus-based income considered, suitable for mid-range financial goals.

    Aditya Birla Finance

    • Loan Amount: Up to ₹50 Lakhs
    • Interest Rate: 13% – 28%
    • Why Choose Aditya Birla: Higher loan amounts and flexible terms for larger financial needs.

    Bajaj Finserv

    • Loan Amount: Up to ₹30 Lakhs
    • Interest Rate: 11% – 37%
    • Why Choose Bajaj: High loan amounts with quick disbursal.

    Piramal Finance

    • Loan Amount: Up to ₹20 Lakhs
    • Interest Rate: From 12.99%
    • Why Choose Piramal: Suitable for personal and business-related expenses.

    Tata Capital

    • Loan Amount: Up to ₹35 Lakhs
    • Interest Rate: 10.99% – 28%
    • Why Choose Tata Capital: Flexible repayment terms and competitive rates.

    Poonawalla Finance

    • Loan Amount: Up to ₹30 Lakhs
    • Interest Rate: 11.49% – 19%
    • Why Choose Poonawalla: No collateral required and quick approval.

    Fullerton India

    • Loan Amount: Up to ₹25 Lakhs
    • Interest Rate: 13% – 28%
    • Why Choose Fullerton: Flexible terms for salaried and self-employed individuals.

    Axis Finance

    • Loan Amount: Up to ₹25 Lakhs
    • Interest Rate: 13% onwards
    • Why Choose Axis Finance: Quick approval and easy documentation process.

    Mahindra Finance

    • Loan Amount: Up to ₹6 Lakhs
    • Interest Rate: 12% – 36%
    • Why Choose Mahindra: Ideal for smaller loan requirements.

    PaySense

    • Loan Amount: Up to ₹5 Lakhs
    • Interest Rate: 16.8% – 33%
    • Why Choose PaySense: Quick approval and flexible EMI options.

    Parameters to Compare while picking the best personal loan

    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

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