Personal Loan Interest Rates – Compare All Lenders
Compare personal loan interest rates across India's top banks, NBFCs & fintech lenders. Sort by rate, amount, speed — and find the lowest rate for your credit profile.
Best Bank Rate
9.5%
Axis Bank Instant Loan
Best NBFC Rate
9.9%
Navi
Best Fintech Rate
11.99%
Stashfin
Fastest Disbursal
10 seconds for pre-approved customers
HDFC Insta Loan
Personal loan interest rates in India range from 9.50% to 36% p.a. depending on the lender, your credit profile, income, and loan amount. BankCreds helps you compare rates across 15+ RBI-registered lenders — including HDFC, ICICI, Axis Bank, Bajaj Finserv, KreditBee, and more — so you can make a smart financial choice.
All rates shown are in reducing balance (APR) format for fair comparison. BankCreds is a comparison platform, not a lender — we never charge you any fees. Your actual rate will depend on the lender's assessment of your profile.
Personal Loan Interest Rate Comparison – All Lenders
Click any column to sort. Filter by lender type. All rates are reducing balance (APR).
| Lender | Min Rate | Max Rate | Max Loan | Processing Fee | Disbursal | Rating | |
|---|---|---|---|---|---|---|---|
| AXIS Axis Bank Instant Loan Bank | 9.50% | 21.55% | ₹40L | 1.5% – 2% of loan amount | Same day for pre-approved customers | 4.0 | |
| NAVI Navi NBFC | 9.90% | 29.00% | ₹20L | 0% – 4% of loan amount | Within 10 minutes | 4.0 | |
| HDFC HDFC Insta Loan Bank | 9.99% | 24.00% | ₹40L | Up to Rs 6,500 | 10 seconds for pre-approved customers | 4.0 | |
| ICICI ICICI Bank Personal Loan Bank | 9.99% | 24.00% | ₹50L | Up to 2% of loan amount | Within 3 seconds for pre-approved | 4.0 | |
| BAJAJ Bajaj Finserv NBFC | 10.00% | 31.00% | ₹55L | 0.5% – 3.93% of loan amount | Within 24 hours | 4.0 | |
| STAS Stashfin Fintech | 11.99% | 59.99% | ₹5L | 0% – 10% of loan amount | Within minutes | 4.0 | |
| KRED KreditBee Fintech | 12.00% | 28.50% | ₹10L | Up to 5.1% of loan amount | Within 10 minutes | 4.0 | |
| PIRA Piramal Finance NBFC | 12.14% | 24.00% | ₹25L | Up to 5% of loan amount | Within 48 hours | 4.0 | |
| FREO Freo Fintech | 13.00% | 36.00% | ₹5L | 2% – 3.5% of loan amount | Within minutes | 4.0 | |
| MONE MoneyView Fintech | 14.00% | 24.00% | ₹10L | 2% – 6% of loan amount | Within 24 hours | 4.0 | |
| KISS Kissht Fintech | 14.00% | 30.00% | ₹5L | Up to 5% of loan amount | Within minutes | 4.0 | |
| LAZY LazyPay Fintech | 18.00% | 32.00% | ₹5L | 2% of loan amount | Instant | 4.0 | |
| FIBE Fibe Fintech | 18.00% | 36.00% | ₹10L | 2% – 8% of loan amount | Within 10 minutes | 4.0 | |
| FLEX FlexSalary Fintech | 18.00% | 42.00% | ₹3L | Up to 4.25% of loan amount | Within minutes | 4.0 | |
| OLYV OLYV Fintech | 18.00% | 36.00% | ₹5L | 2% – 15% of loan amount | Within minutes | 4.0 | |
| HOME Home Credit NBFC | 19.20% | 44.00% | ₹4.8L | 0% – 5% of loan amount | Within 24 hours | 4.0 | |
| PAYR PayRupik Fintech | 20.00% | 36.00% | ₹2.5L | 4% – 25% of loan amount | Within minutes | 4.0 | |
| MPOK mPokket Fintech | 22.00% | 36.00% | ₹2L | 3.75% of loan amount | Within minutes | 4.0 | |
| NIRA Nira Fintech | 24.00% | 36.00% | ₹1L | 2% – 7% of loan amount | Within minutes | 4.0 | |
| TRUE True Balance Fintech | 28.80% | 36.00% | ₹2L | 0% – 8.4% of loan amount | Within minutes | 4.0 | |
| CASHE CASHe Fintech | 33.50% | 36.00% | ₹3L | 2.5% of loan amount | Within 8 minutes | 4.0 |
* All interest rates are per annum on a reducing balance basis. Actual rates depend on the lender's assessment of your credit profile. BankCreds does not charge any fees. Data updated April 2026.
Interest Rates by CIBIL Score
Your CIBIL score is the biggest factor in your interest rate.
CIBIL 750+ — Best Rates Available
With an excellent credit score, you qualify for the lowest rates from all lender types — banks, NBFCs, and fintech apps.
Interest Rates by Lender Type
Banks, NBFCs, and fintech lenders each offer different rate ranges, amounts, and approval criteria.
Banks
HDFC · ICICI · Axis9.5%
Starting rate p.a.
- Rate Range 9.50% – 24%
- Max Loan ₹50 Lakhs
- Processing Fee Up to 2.5%
- Min CIBIL 700+ preferred
- Best For Lowest rates, high amounts
NBFCs
Bajaj · Navi · Piramal9.9%
Starting rate p.a.
- Rate Range 9.90% – 44%
- Max Loan ₹55 Lakhs
- Processing Fee Up to 3%
- Min CIBIL 650+ accepted
- Best For Higher limits, flexible
Fintech
KreditBee · Fibe · MoneyView11.99%
Starting rate p.a.
- Rate Range 11.99% – 36%
- Max Loan ₹10 Lakhs
- Processing Fee Up to 6%
- Min CIBIL No CIBIL OK
- Best For Quick approval, low CIBIL
EMI Calculator & Eligibility Checker
Estimate your EMI at different rates or check eligibility — all in one place.
₹8,814
Monthly EMI
₹1,00,000
Principal
₹5,773
Total Interest
Flat Rate vs Reducing Balance — What's the Difference?
Not all "10% interest" is the same.
📋 Flat Interest Rate
Interest is calculated on the original loan amount for the entire tenure — even though your outstanding balance decreases each month as you pay EMIs.
Effective APR: ~18-19% p.a.
📉 Reducing Balance Rate
Interest is calculated on the outstanding principal each month. The standard method used by RBI-regulated lenders.
All rates on BankCreds use this method ✓
6 Factors That Affect Your Interest Rate
Understanding what drives your rate helps you negotiate better or choose the right lender.
CIBIL Score
The single biggest factor. 750+ gets rates from 9.50%. Below 650 may face 18%+ or rejection from banks. Fintech lenders are more flexible with low scores.
Monthly Income
Higher income = lower rate. Most banks need ₹25,000+ monthly. Fintech apps accept ₹12,000+. Self-employed may need higher income to qualify for the same rate.
Employment Type
Salaried employees at reputed companies get the best rates. Self-employed and freelancers may pay 1-3% more. Government employees often get preferential rates.
Loan Tenure
Shorter tenures sometimes get lower rates. Some lenders charge the same rate regardless of tenure, but the total interest paid is always lower with shorter terms.
Existing Debt
If you already have running EMIs, lenders see higher risk. Keeping your debt-to-income ratio below 40% gets you better rates.
Lender Relationship
Existing bank customers with salary accounts often get pre-approved offers at lower rates. HDFC, ICICI, and Axis offer the best rates to their own customers.
Browse Loans by Amount
Compare interest rates for the exact loan amount you need.
Browse by Loan Type
Compare lenders based on your profile and needs.
Loan Interest Rates in Your City
Frequently Asked Questions
What is the lowest personal loan interest rate in India in 2026?
What is the difference between flat and reducing balance interest rate?
How does CIBIL score affect my interest rate?
What is APR and why does it matter?
Which lender type offers the lowest rates?
Can I negotiate my interest rate with a lender?
About BankCreds — India's Loan Rate Comparison Platform
BankCreds.com is India's trusted loan comparison platform — we are not a lender. We help you compare personal loan interest rates from 15+ RBI-registered banks, NBFCs, and fintech lenders so you can find the lowest rate for your profile and make a smart financial decision.
All rates on BankCreds are shown in reducing balance (APR) format for fair comparison. We display processing fees, disbursal speed, eligibility criteria, and user ratings side-by-side. Our EMI calculator and eligibility checker are 100% free.