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
9.99%
HDFC Bank Pre-approved Personal Loan (Insta)
Best NBFC Rate
9.9%
Navi
Best Fintech Rate
10%
Aditya Birla Personal Loan
Fastest Disbursal
10 seconds for pre-approved customers
HDFC Bank Pre-approved Personal Loan (Insta)
Personal loan interest rates in India range from 9.99% 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 | |
|---|---|---|---|---|---|---|---|
| NAVI Navi NBFC | 9.90% | 29.00% | ₹20L | 0% – 4% of loan amount | Within 10 minutes | 4.6 | Compare → |
| HDFC HDFC Bank Pre-approved Personal Loan (Insta) Bank | 9.99% | 24.00% | ₹50L | Flat: up to ₹6,500 + GST (non-refundable) | 10 seconds for pre-approved customers | 4.0 | Compare → |
| ICICI ICICI Bank Personal Loan Bank | 9.99% | 16.50% | ₹50L | Up to 2% of loan amount + applicable taxes | Within 3 seconds for pre-approved | 4.0 | Compare → |
| AXIS Axis Bank Instant Loan Bank | 9.99% | 22.00% | ₹50L | Up to 2% of the loan amount + GST (FAQ: typically 1.5% to 2% + GST, non-refundable) | Same day for pre-approved customers | 4.0 | Compare → |
| BAJAJ Bajaj Finserv NBFC | 10.00% | 30.50% | ₹55L | 0.5% – 3.93% of loan amount | Within 24 hours | 4.6 | Compare → |
| ADIT Aditya Birla Personal Loan Fintech | 10.00% | 28.00% | ₹50L | Up to 4% of sanctioned amount (physical PL schedule of charges); digital PL schedule: up to 6%; FAQ: 'up to 1.5% to 4%'; GST treatment not stated | 24–48 hours after approval; the ABCD app claims in-principle approval in minutes and disbursal within 24 hours | 4.0 | Compare → |
| HDFC HDFC SmartEMI Fintech | 10.80% | 24.96% | On Request | Up to ₹849 + GST per conversion (some T&C versions cite ₹999 + GST); non-refundable even if you cancel | No cash disbursal; near-instant conversion of the transaction, 24x7 | 4.0 | Compare → |
| CASH Cash247 Fintech | 10.99% | — | On Request | 2% – 4.5% (per site; no Key Fact Statement published) | Claimed under 7 minutes with 100% digital KYC (operator's claim, unverified) | 4.0 | Compare → |
| STAS Stashfin Fintech | 11.99% | 59.99% | ₹5L | Two upfront fees: platform fee 2.85% + 18% GST and transaction fee 3% + 18% GST (≈5.85% + GST combined). Akara's fee schedule instead says transaction fee up to | Within minutes | 4.2 | Compare → |
| KRED KreditBee Fintech | 12.00% | 28.50% | ₹10L | Up to 4.7% + GST; flexi page: ₹350 to ₹16,800 flat depending on amount | Within 10 minutes | 4.5 | Compare → |
| ZAPC ZapCash Fintech | 12.00% | 30.00% | ₹5L | Up to 5% + GST (Play listing) | Terms: typically 2–24 hours after KYC and agreement execution; many recent Play reviews report multi-day waits and repeated e-sign requests. | 3.8 | Compare → |
| ORRI Orrish Fintech | 12.00% | 30.00% | ₹7L | Up to 15% + taxes (Play listing); 10% + GST on loans of up to 90 days | Company FAQ: usually 3–4 business days; its digital product sheet says within 24 hours. | 4.6 | Compare → |
| LEND LendingPlate Fintech | 12.00% | 30.00% | ₹2.5L | Processing fee 1–5% plus conversion fee 1–3% (1–5% on the processing-fees page); GST extra; FAQ says PF 'starts at 3%' | Within minutes of approval, fully digital | 4.5 | Compare → |
| FLEX FlexiLoans Business Loan Fintech | 12.00% | 28.00% | ₹50L | 2–3% one-time, non-refundable, deducted at disbursal (never collected upfront) | Approval in 24–48 hours; disbursal ~48 hours to 3 business days | 4.6 | Compare → |
| SMFG SMFG India Credit Fintech | 12.50% | 30.00% | ₹10L | Up to 4% of the loan amount + GST (website); Play listing says up to 5% | No time published: 'Prompt disbursement* of funds after final loan approval'; banner says 'Approved in Minutes' | 2.6 | Compare → |
| PIRA Piramal Finance NBFC | 12.99% | 24.00% | ₹25L | Up to 5% of loan amount + applicable taxes | Within 48 hours | 4.5 | Compare → |
| FREO Freo Fintech | 13.00% | 36.00% | ₹5L | Up to 7% + tax per withdrawal, plus an Annual Line Setup Fee of up to ₹999 + GST | Within minutes | 4.4 | Compare → |
| DMI DMI Finance Fintech | 13.99% | 24.90% | ₹10L | Up to 4% + GST (varies by product and partner) | Same day, often within hours | 4.0 | Compare → |
| MONE MoneyView Fintech | 14.00% | 24.00% | ₹10L | Starts at 2% of approved loan amount; maximum not published; GST treatment not stated | Within 24 hours | 4.5 | Compare → |
| KISS Kissht Fintech | 14.00% | 30.00% | ₹5L | Up to 5% of loan amount | Within minutes | 4.4 | Compare → |
| CRED CreditSea Fintech | 14.00% | 36.00% | ₹2L | Eligibility page: "Processing Fee 2–4.5% of loan amount" (same page and product page also say "Up to 4%"); T&C: "Up to 5.1% of the principal amount plus applica | Claimed within minutes of approval (user reports vary) | 4.4 | Compare → |
| RAM Ram Fincorp Fintech | 15.00% | 35.00% | ₹2L | 2.5% to 10% (schedule of charges); GST extra on all fees. Lender calculator on rkbfinance.in uses 4%–10% "plus GST". | ~30 minutes to same day (claimed) | 4.0 | Compare → |
| UNITY Unity SFB Personal Loan Fintech | 16.00% | 30.00% | ₹5L | FAQ: 3% + e-franking charge deducted before disbursement; Schedule of Charges PDF: up to 4% of loan amount, GST extra | Under 15 minutes post-verification, up to ~2 hours, fully digital | 4.0 | Compare → |
| POON Poonawalla Fincorp Fintech | 16.00% | — | ₹5L | Up to 5% + taxes (instant loan); regular PL 0–3% | Claims credit within minutes of approval (100% digital) | 4.0 | Compare → |
| LAZY LazyPay Fintech | 18.00% | 32.00% | ₹5L | 2% of loan amount | Instant | 4.4 | Compare → |
| FIBE Fibe Fintech | 18.00% | 36.00% | ₹10L | From 2% of loan amount plus GST; maximum not published | Within 10 minutes | 4.5 | Compare → |
| FLEX FlexSalary Fintech | 18.00% | 42.00% | ₹3L | Up to 5% + GST | Within minutes | 4.3 | Compare → |
| OLYV OLYV Fintech | 18.00% | 36.00% | ₹5L | 2%–15% of loan amount, varies by lender; deducted before disbursal; GST treatment not stated | Within minutes | 4.3 | Compare → |
| CASH CashPey Fintech | 18.00% | 36.00% | ₹5L | Up to 10% + 18% GST (Play listing); 5% + GST on cashpey.com | Within 24 hours of approval (app.cashpey.com claim; not verified) | 4.3 | Compare → |
| ATM ATM Cred Fintech | 18.00% | 36.00% | ₹1L | 0% – 5% (Play listing); "5% onwards" on the lender page | No time commitment published; Play says 'Apply in minutes and get funds credited directly to your bank account' | 4.1 | Compare → |
| FATA FatakPay Fintech | 18.00% | 40.00% | ₹5L | 2% – 6% by product tier (Prime 2%, Plus 5%, Lite 6%), plus an aggregator-reported platform/login fee of ~₹236 incl. GST | ~7 minutes (FatakCash, eligible users); 24–36 hours for new customers | 4.0 | Compare → |
| HERO Hero FinCorp Fintech | 18.00% | — | ₹7L | Minimum 2.5% + applicable GST (no maximum published) | Approval in ~10 minutes; disbursal same day to 24 hours | 4.2 | Compare → |
| PREFR Prefr Fintech | 18.00% | 30.00% | ₹5L | 3% – 5% (min ₹1,500) + GST — aggregator-reported, not published on prefr.com | Claimed ~2 hours after verification; some users report under 10 minutes | 3.2 | Compare → |
| ZYPE Zype Fintech | 18.00% | 34.00% | ₹5L | 2%–6% of loan amount plus GST, deducted from disbursal | 60-second approval claim; disbursal claimed in 6–10 minutes, ~24 hours in practice | 4.0 | Compare → |
| BHAR BharatPe Credit Line Fintech | 18.00% | 70.00% | ₹15L | Not uniformly disclosed. Set by each partner lender's policy, so check your Key Fact Statement. | Instant in-app; the Pay Later line activates with zero paperwork and refreshes as you repay | 4.0 | Compare → |
| HOME Home Credit NBFC | 19.20% | 44.00% | ₹4.8L | Up to 3.9% of loan amount; site says all fees and charges are inclusive of applicable taxes | Within 24 hours | 4.5 | Compare → |
| PAYR PayRupik Fintech | 20.00% | 36.00% | ₹2.5L | 4% – 25% (lender rate policy) | Within minutes | 4.2 | Compare → |
| MPOK mPokket Fintech | 22.00% | 36.00% | ₹2L | 3.75% + GST (Interest Rate Policy V9, effective 19-09-2026) | Within minutes | 4.4 | Compare → |
| NIRA Nira Fintech | 24.00% | 36.00% | ₹1L | 5%–8% of loan amount depending on loan amount, plus GST (FAQ example: Rs.450+GST on a Rs.20,000 loan); lower on subsequent loans | Within minutes | 4.4 | Compare → |
| INST InstaMoney Fintech | 24.00% | 48.00% | ₹1L | Processing fee 0%–6% of loan amount (deducted from disbursal) PLUS a non-refundable registration fee of up to Rs. 399 charged at application. GST not stated. | 10 minutes – 2 hours after approval | 4.0 | Compare → |
| POCK Pocketly Fintech | 24.00% | 36.00% | ₹50K | 0%–9.4% of loan amount, inclusive of 18% GST | Approval in ~7 minutes; money in ~1 hour (non-salaried) to 1 day (salaried) | 4.1 | Compare → |
| TRUE True Balance Fintech | 28.80% | 36.00% | ₹2L | 0–8.5% (Cash Loan); GST treatment not stated. Level Up Loan: 0–7.0% | Within minutes | 4.5 | Compare → |
| RING RING Power Loan Fintech | 32.00% | 57.00% | ₹5L | RING FAQ: up to 6% plus applicable taxes, varies by tenure; Kissht FAQ (updated Apr 2026): up to 7% for all tenures | 5-minute approval claim, same-day disbursal, 100% digital | 4.3 | Compare → |
| CASHE CASHe Fintech | 33.50% | 36.00% | ₹3L | Loan T&C and FAQ: 2.5% of loan amount + GST (all tenures); instant-personal-loan page: 5% (90d), 6% (180d), 5.5% (270/360/540d) — conflicting | Within 8 minutes | 4.3 | Compare → |
| RAPI RapidMoney Fintech | 36.50% | 54.75% | ₹15K | 15.0% plus applicable taxes; additionally a non-refundable ₹199 'Loan Assessment Fee' charged by the lending partner even if the loan is rejected | Decision in minutes; disbursal within 24 hours (company claim) | 4.0 | Compare → |
| DIGI DigiCredit Fintech | — | 36.00% | ₹75K | 5% onwards (representative example: ₹1,250 on ₹25,000 = 5%); GST treatment not stated | Claimed approval in minutes with quick disbursal (marketing, unverified) | 4.0 | Compare → |
| TRUE True Fund Fintech | — | — | On Request | Not clearly disclosed — indexed FAQ content suggests roughly 3%–15% + 18% GST | Marketed as instant; not independently verified | 4.0 | Compare → |
| TAP4 Tap4Credit Fintech | — | — | On Request | Not disclosed; a possibly related 'Tap Credit' listing cites a 5–10% one-time service charge (match unconfirmed) | Marketed as 'instant' in promo videos; no verifiable official claim | 4.0 | Compare → |
| PAYT PayTrust Fintech | — | — | On Request | Not disclosed | Marketed as 'instant' with 'zero paperwork' on Instagram; nothing verifiable published | 4.0 | Compare → |
| DHAN DhanCash Fintech | 146.00% | 401.50% | ₹1L | Not disclosed | Claims disbursal within minutes (homepage) / within 30 minutes (About page); not tested. | 4.0 | Compare → |
| DHAN Dhan Pocket Fintech | 182.50% | 365.00% | ₹1L | About 10% + 18% GST, deducted upfront (policy allows 10% – 15%) | Claims funds within 5 minutes of approval (FAQ); untested. | 4.0 | Compare → |
* 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. Rates verified October 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 · Axis9.99%
Starting rate p.a.
- Rate Range 9.99% – 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 · MoneyView10%
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 9.9%. 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.
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.