Many lenders offer lower interest rates to defence personnel availing personal loans. Such interest rates are usually lower than the personal loan interest rates offered to civilians.
Personal Loans for Defence Personnel
15.6L Reviews
Wide Choice
Curated offers from 30+ lenders
Quick Disbursal
Money in your account instantly
SmartMatch
Offers ranked according to eligibility
Digital Process
Hassle-free & paperless

Calculate Your Personal Loan EMI
Select Your Bank
Your Monthly EMI Payment
₹0
Find Best Personal Loan Offers
Compare & Choose the Best Offer
Pre-approved Offers with Instant Disbursals
Know Your Chances of Approval
End-to-End Digital Process
Personal Loan for Defence Personnel Interest Rates
Interest rates of Regular Personal Loan offered by Top Lenders
| Banks/NBFCs | Interest Rates(p.a.) |
|---|---|
| Bajaj Finance | 10% - 31% p.a. |
| Axis Bank | 9.99%-17.15% |
| IDFC FIRST Bank | 10.50%-20% |
| HDFC Bank | 9.99%-12.50% |
| ICICI Bank | 11%-13% |
| Kotak Mahindra Bank | 9.98%-17.20% |
| Tata Capital | 11.99%-13.99% |
| Federal Bank | 12%-19.50% |
Other Benefits of Personal Loans for Defence Personnel
Lenders offering preferential interest rates to defence personnel
| Lenders | Interest Rates (p.a.) |
|---|---|
| Punjab National Bank | Floating rates-10.50%
Fixed rates- 11.50% |
| Bank of Baroda | Floating rates- 10.40%-10.90%
Fixed rates- 11.05%-11.55% |
| State Bank of India | 10.05%-15.05% |
| Union Bank of India | 10.35%-11.55% |
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
Documents Required for Loan Application
Bank & NBFCs, especially offering preferential interest rates or other features, may ask for employment proof from armed/paramilitary forces personnel making personal loan applications.
Lenders offering special personal loan features to Defence Personnel
State Bank of India
SBI offers Xpress Credit Personal loans to army personnel having salary account with the bank. The defence personnel maintaining salary account with SBI can also make online personal loan applications with instant disbursal through YONO app. This facility is offered under the SBI Real Time Xpress Credit loans for loan amounts of up to Rs 35 lakh.
Bank of Baroda
Defence personnel maintaining their salary account with Bank of Baroda are offered lower personal loan interest rates starting from 10.40% p.a. onwards and for tenures of up to 5 years. The bank also offers a 0.10% concession in interest rate (both fixed and floating) to those borrowers who opt for group credit life insurance.
Punjab National Bank
PNB offers personal loans to defence personnel including CRPF, BSF, CISF, Military Station Headquarters and Indo-Tibetan Border Police at lower interest rates starting from 10.50% p.a. and for tenures of up to 5 years.
Union Bank of India
Union Bank of India offers personal loans to defence personnel under its Special Retail Lending Scheme for Government Employees. The interest rates of personal loans under this scheme starts from 10.35% p.a. and for tenures of up to 5 years.
Explore Our Personal Loan Lenders
Avail Personal Loan for
All Your Needs

Avail Personal Loan for
All Your Needs
Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001
Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*









