Compare Best Loans in IndiaLowest Interest Rates. Instant Approval.
Compare 30+ lenders for Personal, Home, and Car loans. Get digital approval in 5 minutes with lowest interest rates starting from 8.50%.
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Top Loan Offers (43)
Loan Name | Interest Rate | Max Amount | Tenure | Processing Fee | Approval Chance | Rating | Actions | |
|---|---|---|---|---|---|---|---|---|
Aditya Birla Finance Personal Loan Aditya Birla Finance loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | High Based on profile | 4.0 | ||
Bank of Baroda Personal Loan Bank of Baroda loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | High Based on profile | 4.0 | ||
Bajaj Finance Limited Personal Loan Bajaj Finance Limited loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 | ||
Bank of India Personal Loan Bank of India loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 | ||
Bank of Maharashtra Personal Loan Bank of Maharashtra loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 | ||
Canara Bank Personal Loan Canara Bank loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 | ||
Central Bank of India Personal Loan Central Bank of India loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 | ||
Cholamandalam IFC Personal Loan Cholamandalam IFC loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 | ||
Dhani Loans & Services Ltd. Personal Loan Dhani Loans & Services Ltd. loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 | ||
HDB Financial Services Personal Loan HDB Financial Services loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | High Based on profile | 4.0 | ||
Hero Fincorp Personal Loan Hero Fincorp loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | High Based on profile | 4.0 | ||
HSBC Bank Personal Loan HSBC Bank loan | 10.5% p.a. | ₹40L Maximum | 5 years Max Period | 2% | Very High Based on profile | 4.0 |
Aditya Birla Finance
Bank of Baroda
Bajaj Finance Limited
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
Cholamandalam IFC
Dhani Loans & Services Ltd.
HDB Financial Services
Hero Fincorp
HSBC Bank
Complete EMI Calculator with Amortization
Calculate your loan EMI with detailed month-by-month and year-by-year payment breakdown
EMI Calculator
Calculate your monthly loan EMI with detailed breakdown
Where:
P = Principal (Loan Amount)
r = Monthly Interest Rate
(Annual Rate ÷ 12)
n = Loan Tenure in months
Monthly EMI
₹43,391.162
Principal
₹50.00 L
Interest
₹54.14 L
Total Pay
₹1.04 Cr
Amortization Schedule (First Year)
Year-by-Year Breakdown
Monthly EMI
₹43,391.162
Interest Rate
8.5%
| Year | Principal | Interest | Remaining |
|---|---|---|---|
| Year 1 | ₹99,511.459 | ₹4.21 L | ₹49.00 L |
| Year 2 | ₹1.08 L | ₹4.12 L | ₹47.92 L |
| Year 3 | ₹1.18 L | ₹4.03 L | ₹46.74 L |
| Year 4 | ₹1.28 L | ₹3.92 L | ₹45.46 L |
| Year 5 | ₹1.40 L | ₹3.81 L | ₹44.06 L |
| Year 6 | ₹1.52 L | ₹3.69 L | ₹42.54 L |
| Year 7 | ₹1.65 L | ₹3.55 L | ₹40.89 L |
| Year 8 | ₹1.80 L | ₹3.41 L | ₹39.09 L |
| Year 9 | ₹1.96 L | ₹3.25 L | ₹37.13 L |
| Year 10 | ₹2.13 L | ₹3.07 L | ₹35.00 L |
| ... and 5 more years | |||
| Total | ₹50.00 L | ₹54.14 L | - |
Payment Structure
Early EMIs have higher interest component. As you pay down principal, interest portion decreases and principal portion increases over time.
Everything You Need to Know About Loans
Don't just sign the papers. Understand the fine print, interest calculations, and hidden charges.
Personal Loans
Unsecured loans for any purpose. Higher interest rates (10-18%). Best for emergencies or consolidation.
Home Loans
Secured against property. Lowest rates (8.5-9.5%). Tax benefits under Sec 24(b) and 80C.
Car Loans
Hypothecated to the bank until repaid. Fixed or floating rates. Tenure up to 7 years.
How to Get Approved Instantly
- Check your CIBIL Score (750+ is ideal)
- Keep Salary Slips & Bank Statements ready
- Compare ROI across top 3 lenders
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"Loan Approval Process Infographic"
Frequently Asked Questions
What is the minimum credit score for a personal loan?
Most banks require a CIBIL score of 750+. However, some fintech lenders offer loans to scores as low as 650 with higher interest rates.
Is interest rate negotiable?
Yes. If you have a high credit score and a stable income, you can negotiate with the relationship manager for a 0.25-0.5% reduction.
What are foreclosure charges?
Fees charged if you repay the loan before the tenure ends. Typically 2-4% of the outstanding principal. Choose lenders with zero foreclosure charges.
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Read full disclaimerPersonal Loans: Interest Rates, Eligibility & Charges
What is a Personal Loan?
A personal loan is an unsecured loan provided by banks and NBFCs without any collateral. You can use it for any purpose: medical emergencies, weddings, travel, or debt consolidation.
Current Interest Rates (2025)
Interest rates start from 10.50% p.a. for salaried individuals with high credit scores (750+). For others, rates can go up to 18-24%. Always check the APR (Annual Percentage Rate) which includes processing fees.
Processing Fees & Charges
Banks typically charge a processing fee of 0.5% to 2.5% of the loan amount + GST. Prepayment charges may also apply if you close the loan before the tenure ends (usually 2-4% of outstanding principal).