{"id":10299,"date":"2024-11-26T22:39:21","date_gmt":"2024-11-26T17:09:21","guid":{"rendered":"https:\/\/jupiter.money\/blog\/?p=10299"},"modified":"2026-04-10T13:26:37","modified_gmt":"2026-04-10T13:26:37","slug":"personal-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/jupiter.money\/blog\/personal-loan-interest-rates\/","title":{"rendered":"Personal Loan Interest Rates in India 2026"},"content":{"rendered":"

We all rely on loans to meet some of our financial obligations or requirements, like taking a personal loan to expand your business, or to buy a two-wheeler, etc. There are many reasons, and most require us to take a loan from any bank or financial institution. Getting a loan is not very difficult, but you do need to consider the repayment schedule and the interest you will be paying on the amount borrowed. Personal loans<\/a> are unsecured loans, and the interest rates on personal loans depend on factors such as monthly income, credit score, loan tenure, etc. It is best to know the personal loan interest rates before applying for a loan so that you can make an informed decision that suits your requirements.<\/p>\n

What is Personal Loan Interest Rate in India?<\/h2>\n

Interest rates on personal loans depend on the lending bank or financial institution, your credit score, and the current market conditions. At present, in India, these rates can be between 10.75% and 28% per annum. Customers with a good credit history often qualify for lower personal loan interest rates. So, it is very important that you maintain a good credit score by repaying existing loan instalments with interest on time and not defaulting on repayments.<\/p>\n

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Current Interest Rate on Personal Loans Provided by Banks in 2026<\/h2>\n

Personal loan interest rates are one of the major components of the overall cost of the loan, so it should be considered carefully after comparing the interest rates provided by various lenders. After comparing, you should choose the lender which is most favourable to you and your preferences. This table lists the different interest rates on personal loans provided by different banks:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Bank<\/strong><\/td>\nInterest Rate (p.a.)<\/strong><\/td>\nProcessing Fee <\/strong><\/td>\n<\/tr>\n
Yes Bank<\/strong><\/td>\n10.99% onwards – 20%<\/span><\/td>\nUp to 2.5%<\/span><\/td>\n<\/tr>\n
Kotak Mahindra Bank<\/strong><\/td>\n10.99% and above<\/span><\/td>\nUp to 3%<\/span><\/td>\n<\/tr>\n
ICICI Bank<\/strong><\/td>\n10.80% – 16.15%<\/span><\/td>\nUp to 2%<\/span><\/td>\n<\/tr>\n
HDFC Bank<\/strong><\/td>\n10.75% – 24.00% <\/span><\/td>\nRs.4,999 + GST<\/span><\/td>\n<\/tr>\n
IndusInd Bank<\/strong><\/td>\n10.25% – 34.05%<\/span><\/td>\nUp to 3.5% onwards<\/span><\/td>\n<\/tr>\n
Axis Bank<\/strong><\/td>\n10.99% – 22% <\/span><\/td>\nUp to 2% of the loan amount<\/span><\/td>\n<\/tr>\n
Tata Capital<\/strong><\/td>\n10.99% to 36%<\/span><\/td>\nUp to 5.5%<\/span><\/td>\n<\/tr>\n
HSBC Bank<\/strong><\/td>\n9.99% – 15.00% <\/span><\/td>\nUp to 2%<\/span><\/td>\n<\/tr>\n
Aditya Birla Capital<\/strong><\/td>\n10.99% -30% <\/span><\/td>\nUp to 3%<\/span><\/td>\n<\/tr>\n
IDFC First Bank<\/strong><\/td>\n10.90% – 36% <\/span><\/td>\nUp to 3.5%<\/span><\/td>\n<\/tr>\n
Federal Bank<\/strong><\/td>\n11.49% – 14.49% <\/span><\/td>\nUp to 2%<\/span><\/td>\n<\/tr>\n
Ujjivan Small Finance Bank<\/strong><\/td>\n11.49% – 16.49%<\/span><\/td>\nAt the discretion of the bank<\/span><\/td>\n<\/tr>\n
Bank of Baroda<\/strong><\/td>\n11.10% – 18.15% <\/span><\/td>\nUp to 2%<\/span><\/td>\n<\/tr>\n
State Bank of India<\/strong><\/td>\n11.15% – 14.30% <\/span><\/td>\nUp to 1.50%<\/span><\/td>\n<\/tr>\n
Home Credit Cash Loan<\/strong><\/td>\n19.2% onwards<\/span><\/td>\nUp to 5%<\/span><\/td>\n<\/tr>\n
Indian Overseas Bank<\/strong><\/td>\n10.85% – 12.85%<\/span><\/td>\nUp to 0.50%(Above Rs.2.00 lakh up to Rs.150 Crores)<\/span><\/td>\n<\/tr>\n
Bank of India<\/strong><\/td>\n10.85% onwards<\/span><\/td>\nUp to 2%<\/span><\/td>\n<\/tr>\n
City Union Bank<\/strong><\/td>\nAt the discretion of the bank<\/span><\/td>\n1.00% subject to a minimum of Rs.250<\/span><\/td>\n<\/tr>\n
IDBI Bank<\/strong><\/td>\n11.00% – 15.50%<\/span><\/td>\nContact the bank<\/span><\/td>\n<\/tr>\n
(Fullerton India) SMFG India Credit<\/strong><\/td>\n11.99% onwards<\/span><\/td>\nUp to 6%<\/span><\/td>\n<\/tr>\n
J&K Bank<\/strong><\/td>\n12.25% – 13.25% <\/span><\/td>\nUp to 1% of the loan amount subject to a maximum of Rs.10,000<\/span><\/td>\n<\/tr>\n
Bank of Maharashtra<\/strong><\/td>\n10.00% onwards<\/span><\/td>\nUp to 1%<\/span><\/td>\n<\/tr>\n
Central Bank of India<\/strong><\/td>\n12.00% – 12.75%.<\/span><\/td>\nUp to 1%<\/span><\/td>\n<\/tr>\n
RBL Bank<\/strong><\/td>\n18%<\/span><\/td>\nUp to 2%<\/span><\/td>\n<\/tr>\n
Punjab National Bank<\/strong><\/td>\n11.40%. to 17.95%<\/span><\/td>\nUp to 1.00%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

Current Interest Rate on Personal Loans Provided by NBFCs in 2026<\/h2>\n

Apart from banks, there are many Non-Banking Financial Companies (NBFCs) that provide personal loans to individuals for various purposes, such as wedding loans, car loans, home renovation, etc. Below is the list of interest rates on personal loans provided by NBFCs:<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Bank<\/strong><\/td>\nInterest Rate (p.a.)<\/strong><\/td>\nProcessing Fee<\/strong><\/td>\n<\/tr>\n
Jupiter<\/strong><\/td>\n16.0% – 45.00%<\/span><\/td>\nUp to 3% + GST<\/span><\/td>\n<\/tr>\n
Pocketly<\/strong><\/td>\n0% to 4% (monthly)
\nMaximum Annual Interest Rate: 48%<\/span><\/td>\n		Rs. 50 + 18% GST<\/span><\/td>\n<\/tr>\n
Buddy Loan<\/strong><\/td>\n11.99%<\/span><\/td>\n0.5% to 4% of the loan amount <\/span><\/td>\n<\/tr>\n
Money Tap<\/strong><\/td>\n13% to 18%<\/span><\/td>\nStarts at \u20b9 199 + GST <\/span><\/td>\n<\/tr>\n
True Balance<\/strong><\/td>\nStarts at 2.4% (monthly)<\/span><\/td>\n0-15%<\/span><\/td>\n<\/tr>\n
Finnable<\/strong><\/td>\n16% to 26%<\/span><\/td>\n3 to 4%<\/span><\/td>\n<\/tr>\n
Navi<\/strong><\/td>\n9.9% onwards<\/span><\/td>\nNil*<\/span><\/td>\n<\/tr>\n
Bajaj Finserv<\/strong><\/td>\n11% to 32%<\/span><\/td>\nUp to 3.93%<\/span><\/td>\n<\/tr>\n
LazyPay<\/strong><\/td>\nStarts at 18%<\/span><\/td>\n2%<\/span><\/td>\n<\/tr>\n
FlexSalary<\/strong><\/td>\n18% to 54%<\/span><\/td>\nRs.0.00 – Rs.1,250 (including GST)<\/span><\/td>\n<\/tr>\n
Home Credit<\/strong><\/td>\nStarts at 1.6% (monthly)<\/span><\/td>\n0% to 5%<\/span><\/td>\n<\/tr>\n
mPokket<\/strong><\/td>\n0-49%<\/span><\/td>\n5-18%<\/span><\/td>\n<\/tr>\n
FIBE<\/strong><\/td>\nStarts at 16%<\/span><\/td>\nStarts at 2%<\/span><\/td>\n<\/tr>\n
Moneyview<\/strong><\/td>\nStarting from 10%<\/span><\/td>\n2%<\/span><\/td>\n<\/tr>\n
KreditBee<\/strong><\/td>\n17% – 29.95%<\/span><\/td>\nRs.85 to up to 6.5%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

How to Get the Lowest Interest Rate on a Personal Loan?<\/h2>\n

Since personal loan interest rates mainly determine the cost of the loan, it is always a lucrative idea to opt for the lowest rate on a personal loan and save on interest costs. A few ways to get the most favourable interest rates are:<\/p>\n