Personal Loan — compare offers from our partner lenders
No collateral. Money for a wedding, medical bill, travel or anything else. We find the lenders most likely to approve you, at the lowest rate you qualify for.
- From 8% p.a.
- Up to ₹40 lakh
- 12–60 months
Starting rates
at 40 lenders
- Punjab National Bankfrom 10.25% p.a.
- Bank of Barodafrom 10.15% p.a.
- State Bank of Indiafrom 10% p.a.
- Punjab & Sind Bankfrom 9.7% p.a.
- Indian Bankfrom 9% p.a.
- Bank of Maharashtrafrom 9.4% p.a.
- Union Bank of Indiafrom 8.85% p.a.
- Canara Bankfrom 8% p.a.
- RBL Bankfrom 18% p.a.
- Federal Bankfrom 11.99% p.a.
- Karnataka Bankfrom 11.27% p.a.
- HDFC Bankfrom 10.9% p.a.
- Yes Bankfrom 10.99% p.a.
- IndusInd Bankfrom 10.49% p.a.
- ICICI Bankfrom 9.99% p.a.
- HSBCfrom 9.75% p.a.
- Axis Bankfrom 9.5% p.a.
- Karur Vysya Bankfrom 9.5% p.a.
- Bhanix Financefrom 33.5% p.a.
- Prefrfrom 10% p.a.
- Tata Capitalfrom 10.99% p.a.
- Ujjivan Small Finance Bankfrom 9.5% p.a.
- Hero FinCorpfrom 18% p.a.
- Zypefrom 18% p.a.
- Clix Capitalfrom 14.99% p.a.
- PaySensefrom 16% p.a.
- Muthoot Financefrom 14.5% p.a.
- InCred Financial Servicesfrom 13.49% p.a.
- SMFG India Creditfrom 13% p.a.
- Indiabullsfrom 13% p.a.
- Piramal Financefrom 12.99% p.a.
- IIFL Financefrom 11.75% p.a.
- Shriram Urban Co-operative Bankfrom 12.5% p.a.
- Fi Money (epiFi)from 12% p.a.
- L&T Financefrom 11% p.a.
- Aditya Birla Capitalfrom 10.99% p.a.
- Bajaj Financefrom 10% p.a.
- Poonawalla Fincorpfrom 9.99% p.a.
- Privofrom 9.99% p.a.
- LoanTapfrom 26% p.a.
What is a personal loan?
A personal loan is an unsecured loan — you don't pledge any property or gold — that you can use for almost any personal need. You repay it in fixed monthly EMIs over 1 to 5 years. Because there's no collateral, the lender decides your rate mainly from your income, employer and credit score.
At a glance
- Loan amount
- ₹50,000 to ₹40 lakh
- Interest rate
- 8%–39.99% p.a.
- Tenure
- 12–60 months (some lenders up to 84)
- Processing fee
- Up to 3% + GST
- Collateral
- Not required
- Disbursal
- Often within 24–72 hours of document verification
Compare personal loan interest rates
Published starting rates from our partner lenders. The rate you're offered depends on your credit score, income and employer — which is exactly what we match on.
- Lowest starting rate
- 8%p.a.
- Lenders listed
- 40
- Largest amount
- ₹75 lakh
- Punjab National BankPublic-sector bankStarting from10.25% p.a.
- Rate range
- 10.25%–16.8% p.a.
- Max amount
- ₹20 lakh
- Max tenure
- 6 years
- Rate type
- fixed
- Processing fee
- Up to 1% of the loan amount
- Bank of BarodaPublic-sector bankStarting from10.15% p.a.
- Rate range
- 10.15%–10.15% p.a.
- Max amount
- ₹20 lakh
- Max tenure
- 7 years
- Rate type
- fixed
- Processing fee
- Upto 2% of the Loan amount + applicable taxes
- State Bank of IndiaPublic-sector bankStarting from10% p.a.
- Rate range
- 10%–10% p.a.
- Max amount
- ₹35 lakh
- Max tenure
- 6 years
- Rate type
- fixed
- Processing fee
- Up to 1.5% of the loan amount
- Punjab & Sind BankPublic-sector bankStarting from9.7% p.a.
- Rate range
- 9.7%–13.85% p.a.
- Max amount
- ₹20 lakh
- Max tenure
- 5 years
- Rate type
- fixed
- Processing fee
- Up to 1.00%
- Indian BankPublic-sector bankStarting from9% p.a.
- Rate range
- 9%–15.25% p.a.
- Max amount
- ₹70 lakh
- Max tenure
- 7 years
- Rate type
- fixed
- Processing fee
- Up to 2% of
- Bank of MaharashtraPublic-sector bankStarting from9.4% p.a.
- Rate range
- 9.4%–14.25% p.a.
- Max amount
- ₹20 lakh
- Max tenure
- 7 years
- Rate type
- fixed
- Processing fee
- 1% of the loan amount
- Union Bank of IndiaPublic-sector bankStarting from8.85% p.a.
- Rate range
- 8.85%–14.45% p.a.
- Max amount
- ₹50 lakh
- Max tenure
- 12 months
- Rate type
- fixed
- Processing fee
- Up to 1% (Maximum Rs 7,500)
- Canara BankPublic-sector bankLowest rateStarting from8% p.a.
- Rate range
- 8%–15.75% p.a.
- Max amount
- ₹10 lakh
- Max tenure
- 6 years
- Rate type
- fixed
- Processing fee
- Up to 0.50% of loan amount (Rs 1,000 to Rs 5,000)- 50% off on processing fee
- RBL BankPrivate bankStarting from18% p.a.
- Rate range
- 18%–18% p.a.
- Max amount
- ₹5 lakh
- Max tenure
- 5 years
- Rate type
- fixed
- Processing fee
- Up to 2%
- Federal BankPrivate bankStarting from11.99% p.a.
- Rate range
- 11.99%–18.99% p.a.
- Max amount
- ₹25 lakh
- Max tenure
- 48 months
- Rate type
- fixed
- Processing fee
- Upto 3% on the loan amount sanctioned
Last verified 19 Sep 2026. These are the lenders' published rates and fees, and they can change without notice. Your rate depends on your credit score, income and employer, and the lender makes the final decision.
Personal loan EMI calculator
Your EMI depends on the amount, the rate and the tenure. Change any of them to see the monthly payment and the total interest.
Your loan
Your monthly EMI
₹5 lakh · 36 months · 9% p.a.
- Principal₹5,00,000
- Interest₹72,395
- Total amount payable
- ₹5,72,395
We'll carry ₹5 lakh over 36 months into the form.
Example: For a loan of ₹5,00,000 at 9% p.a. for 36 months, the EMI is ₹15,900 and the total amount payable is ₹5,72,395 (interest ₹72,395), excluding processing fee and taxes.
How your balance comes down
Early payments are mostly interest. The principal falls faster in the later years.
- Outstanding principal
- Interest paid so far
Year-wise repayment schedule
| Year | Principal paid | Interest paid | Closing balance |
|---|---|---|---|
| 1 | ₹1,51,966 | ₹38,833 | ₹3,48,034 |
| 2 | ₹1,66,220 | ₹24,577 | ₹1,81,814 |
| 3 | ₹1,81,814 | ₹8,985 | ₹0 |
Monthly EMI ₹15,900. Total interest ₹72,395. Total payable ₹5,72,395.
Personal loan eligibility
Each lender sets its own rules. These are the usual minimums, so check them before you apply.
Salaried applicants
- Age 21 to 60 years (at loan maturity, varies by lender)
- Net monthly income from ₹15,000–₹25,000 depending on city and lender
- At least 1 year of total work experience, 6 months with current employer (typical)
- Credit score of 700+ improves approval odds and rate; 750+ gets the best offers
Documents for a personal loan
Keep these ready before you apply. Complete documents are the quickest way to a decision.
Tick off what you already have.
What can you use it for?
- Wedding expenses
- Medical emergencies
- Home renovation
- Travel
- Paying off high-interest credit card debt
- Education or a course
- Buying a big-ticket gadget or appliance
- Any other personal need (except speculation or illegal purposes)
How to apply for a personal loan
You fill in one short form. An advisor does the comparing and stays with you until the money is in your account.
- 1
Tell us once
Share what you need and a few details about your income. Takes about two minutes.
- 2
We compare
We check your profile against the eligibility rules of our partner banks and NBFCs and shortlist the ones likely to say yes, at the best rate.
- 3
You choose
We walk you through the shortlisted offers: rate, fees, EMI, and the fine print. No pressure to pick any of them.
- 4
We stay till disbursal
Your advisor collects documents, coordinates with the bank and keeps you updated until the loan is disbursed.
What decides your interest rate
750+credit score usually gets the lowest band
- Credit score
- The biggest factor. 750+ usually gets the lowest band.
- Income and employer
- Higher income and a well-known employer (listed company, PSU, government) mean lower risk for the lender.
- Existing EMIs
- If more than about half your income already goes to EMIs, lenders offer less or charge more.
- Relationship with the bank
- A salary account with a bank often gets you pre-approved rates.
- Loan amount and tenure
- These affect the rate slab at some lenders.
How to get a lower rate
- 1Check your credit report and fix errors before you apply.
- 2Apply where you hold your salary account first — then compare against others.
- 3Don't apply at many lenders yourself; each formal application is a hard enquiry. Let us shortlist first.
- 4Choose a shorter tenure if the EMI is affordable — you pay far less interest.
- 5Close small outstanding loans or card dues before applying.
Read these five things in the Key Fact Statement
Before you sign, the lender must give you a Key Fact Statement: a short summary of the loan's real cost. Check these five lines first.
- 01
APR, not just the interest rate
APR includes the processing fee and shows the true yearly cost.
- 02
Processing fee
Usually deducted from the amount you receive.
- 03
Foreclosure / part-payment charges
Fixed-rate personal loans often carry 2–5% foreclosure charges.
- 04
Insurance bundled with the loan
Optional in most cases; you can ask for it to be removed.
- 05
Late-payment charges
Ask what a late EMI costs, and how a missed one affects your credit score.
Types of personal loans
- Instant / pre-approved loans
- Wedding loan
- Medical loan
- Travel loan
- Home renovation loan
- Debt consolidation loan
- Personal loan balance transfer
- Loans for government employees
- Loans for self-employed
We are here to answer
all your questions
Most lenders start at ₹15,000–₹25,000 net per month, higher in metro cities.
700+ is usually needed; 750+ gets the best rates. Some NBFCs lend at lower scores, at higher rates.
With complete documents, many lenders disburse within 1–3 working days; pre-approved offers can be same-day.
Some lenders accept bank statements and ITR instead, especially for self-employed applicants.
A formal application triggers a hard enquiry, which can dip your score slightly. Speaking with us doesn't.
Usually yes, after a lock-in of 6–12 EMIs, with charges on fixed-rate loans. Check the Key Fact Statement.
Yes, if your total EMIs stay within what lenders allow — typically up to about half your net income.
Some lenders allow one; it can raise the amount you qualify for.
Moving your outstanding loan to a lender with a lower rate. Worth it when the rate gap is meaningful and several years remain.
Ready to see which personal loan offers you qualify for?
Takes two minutes. No impact on your credit score.