Updated 2024
Best Banks Offering Personal LoansCompare Rates & Features
Compare personal loan interest rates from 8 major banks. Find the best rates starting 9.5% p.a. with fastest disbursal.
| Bank Name | Interest Rate | Loan Amount | Tenure | Processing Fee | Disbursal Days | Apply |
|---|---|---|---|---|---|---|
| HDFC Bank | 9.5% - 12.5% | ₹25K - ₹40 Lakh | 12-72 months | 0.5% - 2.5% | 3-5 days | Apply |
| ICICI Bank | 10.65% - 13.5% | ₹10K - ₹30 Lakh | 12-60 months | 0.5% - 2% | 2-3 days | Apply |
| SBI | 11% - 14% | ₹50K - ₹20 Lakh | 12-60 months | 0.5% - 1.5% | 4-7 days | Apply |
| Axis Bank | 10.49% - 12.5% | ₹15K - ₹25 Lakh | 12-72 months | 1% - 2% | 3-4 days | Apply |
| Kotak Bank | 10.99% - 13.5% | ₹25K - ₹35 Lakh | 12-72 months | 1% - 2.5% | 2-4 days | Apply |
| IndusInd Bank | 11.49% - 15% | ₹20K - ₹30 Lakh | 12-60 months | 0.5% - 2% | 3-5 days | Apply |
| Yes Bank | 11.25% - 14% | ₹25K - ₹35 Lakh | 12-60 months | 1% - 2.5% | 2-3 days | Apply |
| IDBI Bank | 10.75% - 13.25% | ₹10K - ₹25 Lakh | 12-72 months | 0.5% - 1.5% | 5-7 days | Apply |
Detailed Bank Comparison
HDFC Bank
Best overall rates and customer service
Interest Rate:9.5% - 12.5%
Loan Amount:₹25K - ₹40 Lakh
Tenure:12-72 months
Min Salary:₹15,000/month
Processing Fee:0.5% - 2.5%
Disbursal Time:3-5 days
ICICI Bank
Fastest disbursal
Interest Rate:10.65% - 13.5%
Loan Amount:₹10K - ₹30 Lakh
Tenure:12-60 months
Min Salary:₹15,000/month
Processing Fee:0.5% - 2%
Disbursal Time:2-3 days
SBI
Lowest processing fee
Interest Rate:11% - 14%
Loan Amount:₹50K - ₹20 Lakh
Tenure:12-60 months
Min Salary:₹15,000/month
Processing Fee:0.5% - 1.5%
Disbursal Time:4-7 days
Axis Bank
Flexible eligibility
Interest Rate:10.49% - 12.5%
Loan Amount:₹15K - ₹25 Lakh
Tenure:12-72 months
Min Salary:₹12,000/month
Processing Fee:1% - 2%
Disbursal Time:3-4 days
Kotak Bank
Quick approval process
Interest Rate:10.99% - 13.5%
Loan Amount:₹25K - ₹35 Lakh
Tenure:12-72 months
Min Salary:₹15,000/month
Processing Fee:1% - 2.5%
Disbursal Time:2-4 days
IndusInd Bank
Multiple disbursement options
Interest Rate:11.49% - 15%
Loan Amount:₹20K - ₹30 Lakh
Tenure:12-60 months
Min Salary:₹12,000/month
Processing Fee:0.5% - 2%
Disbursal Time:3-5 days
Yes Bank
Digital-first approach
Interest Rate:11.25% - 14%
Loan Amount:₹25K - ₹35 Lakh
Tenure:12-60 months
Min Salary:₹15,000/month
Processing Fee:1% - 2.5%
Disbursal Time:2-3 days
IDBI Bank
Competitive rates for salaried
Interest Rate:10.75% - 13.25%
Loan Amount:₹10K - ₹25 Lakh
Tenure:12-72 months
Min Salary:₹12,000/month
Processing Fee:0.5% - 1.5%
Disbursal Time:5-7 days
FAQs - Personal Loan Comparison
Which bank offers the lowest personal loan interest rate?
HDFC Bank currently offers the lowest personal loan rates starting 9.5% p.a. for salaried individuals with good credit scores. However, rates vary based on CIBIL score and income.
Which bank disburses personal loan fastest?
ICICI Bank and Yes Bank offer the fastest disbursal with 2-3 days. Most banks process within 3-5 days for pre-approved customers.