Finnable Personal Loan Interest rates from 16% p.a
Get Finnable Personal Loans at interest rates starting from 16% to 28%. Enjoy quick disbursal, flexible EMIs, and hassle-free processing. Apply now!
Finnable Personal Loan Interest Rate
Finnable offers personal loans at interest rates starting from 16% per annum. The exact interest rate you will be offered depends on your creditworthiness, which is determined by a variety of factors including your credit score, income, employment history, and debt-to-income ratio.
The interest rate depends on the borrower’s credit profile, credit history, employment history, income, and the length of the loan. Some of the key factors that positively influence an individual’s ability to obtain the best rates include good financial status and good credit score ratings.
Finnable Interest Rate VS Other NBFCs
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Factors Influencing Finnable Personal Loan Interest Rates
- Credit Score: Borrowers with a good credit history (typically a score above 750) are more likely to qualify for lower interest rates.
- Income Level: Individuals with higher and stable income are considered lower risks and may be offered lower interest rates.
- Employment Type and Employer: Being employed by a reputable organization can increase your chances of getting a lower interest rate.
- Loan Amount and Tenure: Larger loan amounts and longer loan terms typically come with higher interest rates due to the increased risk for the lender.
- Debt-to-Income Ratio (DTI): A lower DTI ratio indicates a greater ability to repay the loan, which can qualify you for a lower interest rate.
- Market Conditions: Interest rates can also be influenced by prevailing market rates and the RBI’s repo rate.
Tips to Get the Best Interest Rate on a Finnable Personal Loan
- Improve Your Credit Score: Maintain a good credit history by paying your bills on time and managing your existing EMIs effectively. Aim for a credit score of at least 700 or above.
- Maintain a Low Debt Level: Avoid taking out multiple loans at once, as this can negatively impact your credit score.
- Apply During Offer Periods: Finnable may offer discounted interest rates and processing fee waivers during festivals or special occasions.
- Opt for a Shorter Loan Tenure: Shorter loan tenures generally come with lower interest rates due to the reduced risk for the lender.
- Pre-approved Offers: Existing Finnable customers may be eligible for pre-approved personal loans with favorable interest rates.
Finnable Personal Loan Interest Rate Calculator
Finnable provides an EMI calculator to help you estimate your monthly loan repayments. The EMI is calculated using the following formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N - 1]
where:
- P = Loan amount
- R = Monthly interest rate (interest rate divided by 12)
- N = Loan tenure in months
Example Calculation
Loan Amount: ₹2,00,000
Interest Rate: 16% p.a. (1.33% monthly)
Tenure: 2 Years (24 months)
Monthly EMI: ₹ 9793
Total Cost of Loan: ₹ 235,023 (excluding fees and charges)
FAQs About Finnable Personal Loan Interest Rates
1. What is the maximum personal loan limit offered by Finnable?
Finnable offers personal loans up to ₹ 10 lakhs.
2. What is the minimum salary requirement for a Finnable personal loan?
The minimum salary requirement varies depending on your location. It is typically ₹20,000 per month for salaried individuals in tier 1 cities and ₹15,000 per month for those in tier 2 cities.
3. Does Finnable offer fixed or variable interest rates?
Finnable generally offers fixed interest rates, resulting in constant monthly repayments throughout the loan term.
4. Why choose Finnable for a personal loan?
Finnable offers personal loans with minimal documentation requirements and same-day approvals. They also provide flexible repayment terms and their loans can be used for a variety of purposes.
5. What are the processing fees for a Finnable personal loan?
Finnable charges a processing fee of 4% of the loan amount disbursed.
