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 NameInterest RateLoan AmountTenureProcessing FeeDisbursal DaysApply
HDFC Bank9.5% - 12.5%₹25K - ₹40 Lakh12-72 months0.5% - 2.5%3-5 days
ICICI Bank10.65% - 13.5%₹10K - ₹30 Lakh12-60 months0.5% - 2%2-3 days
SBI11% - 14%₹50K - ₹20 Lakh12-60 months0.5% - 1.5%4-7 days
Axis Bank10.49% - 12.5%₹15K - ₹25 Lakh12-72 months1% - 2%3-4 days
Kotak Bank10.99% - 13.5%₹25K - ₹35 Lakh12-72 months1% - 2.5%2-4 days
IndusInd Bank11.49% - 15%₹20K - ₹30 Lakh12-60 months0.5% - 2%3-5 days
Yes Bank11.25% - 14%₹25K - ₹35 Lakh12-60 months1% - 2.5%2-3 days
IDBI Bank10.75% - 13.25%₹10K - ₹25 Lakh12-72 months0.5% - 1.5%5-7 days

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.