Personal Loan in India: Bank & NBFC List with Interest Rate Details
A personal loan is an unsecured loan that helps individuals meet urgent financial needs such as medical expenses, education, travel, weddings, or debt consolidation. In India, personal loans are offered by banks and NBFCs (Non-Banking Financial Companies) with different interest rates, eligibility criteria, and repayment terms.
Below is a clear and updated overview of major banks and NBFCs offering personal loans in India, along with their approximate interest rate ranges.
Banks usually provide lower interest rates for borrowers with good credit history, stable income, and existing banking relationships.
Bank name Interest Rate (Approx.)
10.05% – 15.05% p.a.
9.99% – 24.00% p.a.
10.45% – 16.65% p.a.
9.99% – 22.00% p.a.
9.95% – 15.40% p.a.
10.50% – 17.05% p.a.
10.35% – 14.45% p.a.
10.40% – 18.10% p.a.
From 9.99% p.a.
10.49% – 19.50% p.a.
10.25% – 22.00% p.a.
13.00% – 16.00% p.a.
✅ Best for: Salaried employees, government staff, professionals with high CIBIL score
✅ Loan Amount: ₹50,000 to ₹40 Lakhs (varies by bank)
✅ Tenure: Up to 5–7 years
NBFC Name Interest Rate (Approx.)
11.00% – 26.00% p.a.
10.99% – 24.00% p.a.
10.00% – 35.00% p.a.
From 10.99% p.a.
11.99% – 36.00% p.a.
14.00% – 22.00% p.a.
Others financial company 12% – 36 % p.a. onwards
✅ Best for: Self-employed, business owners, freelancers
✅ Loan Approval: Faster than banks
✅ Documentation: Flexible compared to banks
Personal loan rates are not fixed for everyone. They depend on:
CIBIL / Credit Score
Monthly income & job stability
Loan amount and tenure
Employer profile
Existing relationship with lender
Bank or NBFC internal policies
A higher credit score usually results in lower interest rates and faster approval.
Additional Charges to Know
Before applying, always check:
Processing Fee: 1% – 3% of loan amount
GST on fee
Prepayment / Foreclosure charges
Late payment penalties
Some banks offer zero prepayment charges after a certain period.
Quick Comparison Summary
Lowest interest rates: Public & private banks
Fastest processing: NBFCs
Best rates for salaried borrowers: Banks
Flexible eligibility: NBFCs
Tips to Get a Lower Personal Loan Interest Rate
✔ Maintain a CIBIL score above 750
✔ Choose shorter tenure if affordable
✔ Apply through salary account bank
✔ Compare multiple lenders before finalising
✔ Avoid multiple loan applications at the same time
At ADC Properties – Real Estate & Loan Consultancy, we help you compare bank and NBFC personal loan options, negotiate better rates, and ensure smooth approval.
👉 Contact us today for expert personal loan guidance in India.
