• easyloanwala@gmail.com
  • 9161208208 / 0522-4043378

Personal Loan Interest Rates Comparison in India

Bank Personal Loan Interest Rates Processing Fee
SBI Personal Loan 12.50% In the range of 2% to 3%
HDFC Bank Personal Loan 11.25% Min 0.99%, Max 2.50% Up to Rs. 10,000
ICICI Bank Personal Loan 11.25% Starting from 0.99%, Up to 2.25%
Bajaj Finserv 11.99% Starting from 1.50%, Up to 3%
Citibank 10.99% Upto 0.5%
IDFC Bank 11.50% Starting from 0.75%, Up to 2%
Axis Bank 11.25% 1.50% to 2.00%
Tata Capital 11.75% Flat fee of Rs. 999*, Upto 2%
Fullerton India 17.25% Upto 2.00%
IndusInd Bank 11.00% Min 1% to Max 2.50%
Kotak Bank 11.50% Upto 2.5%
RBL Bank 13.99% Upto 2%
IIFL 12.99% 1 - 2%
Capital First 14.00% 1.50%
HDB Financial 13.99% Upto 2% of loan amount
Standard Chartered Bank 10.99% 1.00%
Syndicate Bank 13.40% 0.5%, Min Rs. 500
Union Bank of India 12.70% 0.5%, Min Rs. 500
Vijaya Bank 12.50% 0.25%, Max. Rs. 10000 + ST
Yes Bank 10.75% Starting at 0.99%, Up to 2%
PNB 12.00% 1.8% + taxes
IDBI Bank 13.20% 1%
Karur Vysya Bank 13.90% 0.40%
Indian Overseas Bank 12.70% Rs. 204 per lakh
Indian Bank 11.05% 0.5%, Min- Rs. 508
Allahabad Bank 13.15% 1.06%, Min- Rs. 1068
Federal Bank 11.49% 0.5%, Min Rs. 500
Dena Bank 13.00% 1%
Corporation Bank 12.95% 1.5%, Min Rs. 500
Canara Bank 13.00% 0.50%
Bank of Maharashtra 15.10% 1%, Min Rs. 1,000
Bank of Baroda 11.60% 2%, Min Rs. 250
Andhra Bank 11.55% Case to Case

Personal Loan
Personal loans are unsecured loans available for both salaried and self-employed borrowers to help meet their general personal or private expenses that are urgent and immediate in nature. Unsecured loans are loans without any security that can be availed quickly. The rate of interest on personal loans is higher than that on secured loans. There are multiple personal loan providers in India which offer cheap and quick loans. You need a new loan only if:

  • You are in the midst of a financial crisis and need immediate funds.
  • You do not have a collateral to take a secured loan.
  • You do not have time to go through detailed documentation and loan process.
  • You need a short term loan of not more than five years.


Documents Required for Personal Loan

Documents RequiredIndividualsFirms, Partnerships
Signed Application FormRequiredRequired
Identity ProofPAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-cardPAN card, Passport, Driving License, Aadhar Card, Voter id, Govt issued i-card
Certificate and Proof of Business ExistencePAN , sales tax/ excise/ VAT/ service tax registration, Copy of partnership deed, Trade license, certificate of practice, registration certificate issued by RBI, SEBI
Address ProofPassport, Driving License, Election ID card, Electricity/ Telephone/ Mobile bill/ bank statement (not more than 3 months old)Bank statement, utility bill, Registry copy, lease or rent agreement, TAN allotment letter
Age ProofPAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificatePAN card, Passport, Driving License, Voter id card, Birth certificate, Employee ID card (only for PSU/ Government employees), School/ college leaving certificate
Income ProofLast 2 years Form 16, last 6 months salary slip, last 6 months' bank account statement showing salary creditLast 2 years ITR, last 6 months bank account statement