Personal Loan Rates, Sep 2019
| Interest Rate | Starting from 10.50% p.a. |
| Processing Fee | Starting from 0.25% of loan amount |
| Loan Tenure | 1 to 5 years |
| Age | 21 to 60 years |
| Prepayment Charges | Nil to 5% of outstanding Principal Amount |
Personal Loans are preferred by a majority of people as it has a flexible end use. As it is an unsecured loan one does not have to submit any kind of collateral or security to procure one. This is one of the reasons why personal loan has higher rate of interest rates starting from 10.50% as compared to other secured loans like a home loan or a car loan. Personal loan also offers its own set of benefits to everyone and is quick and easy to avail online from the comfort of your office or home.
Here at Paisabazaar.com, we offer a complete breakdown of all the personal loan interest rates offered by various banks and NBFCs so you can read, understand and analyse the best suitable personal loan option for you.
Personal Loan Interest Rates by Banks
| Bank | Interest Rates | Processing Fees |
| Allahabad Bank | 10.50% to 12.99% | 1.60% of the Loan Amount |
| Andhra Bank | 11.55% to 13.05% | As offered by the lender |
| Axis Bank | 15.75% to 24% | 1.50% to 2.00 % + GST |
| Bajaj Finserv | Starting from 12.99% | Up to 3.99% of the loan amount |
| Bank of Baroda | 11.35% to 16.35% | 2% of the loan amount |
| Bank of India | Starting from 13.10% | One time @ 2.00% of loan amount |
| Bank of Maharashtra | Starting from 12.5% | 1.00% of the Loan Amount |
| Canara Bank | 13.00% to 16.50% | 0.5% of the Loan Amount |
| Central Bank | MCLR (12M) + 3.00% | Rs 500 + S.T |
| Citibank | Starting from 10.99% | Upto 2.75% of loan amount |
| Corporation Bank | 12.95% to 13.95% | 1.50% of the loan amount |
| Federal Bank | Starting from 11.49% | 0.50% of loan amount |
| Fullerton India | Starting from 12% | Upto 6.5% of the loan amount |
| HDFC Bank | 11.25% to 21.50% | Up to 2.50% of the loan amount |
| HSBC Bank | 10.75% to 17.84% | Up to 1% of the disbursed loan amount |
| ICICI Bank | 11.50% to 19.25% | Up to 2.25% per annum of loan amount |
| IDBI Bank | Starting from 12% | 1% of the Loan Amount |
| IDFC First | Starting from 11.5% | Up to 2% of the loan amount |
| Indian Bank | Starting from 14.20% | 0.51% on the Loan Amount |
| IndusInd Bank | Starting from 10.75% | Upto 2.5% of the loan amount plus tax |
| Kotak Mahindra Bank | 11.29% to 19.99% | Up to 2.5% of the loan amount + GST |
| Muthoot Finance | 14.50% | As applicable by the lender |
| Punjab National Bank | Starts from 12% | 1.80% of the loan amount |
| RBL Bank | Starting from 12% | 4% of the loan amount |
| Standard Chartered Bank | Starting from 11.99% | Upto 3% of the loan amount |
| State Bank of India | Starting from 11% | 1% of the loan amount |
| Syndicate Bank | 13.25% to 13.65% | 0.50% of the loan amount |
| TATA Capital | Starting from 11.25% | Up to 2.5% of the loan amount + GST |
| UCO Bank | Starting from 11.70% | 1% of the loan amount |
| Union Bank of India | Starting from 14.40% | 0.50% of the total Loan |
| Yes Bank | Starting from 10.75% | Up to 2.50% of the loan amount |
Note: Interest rates are subject to change from time to time at bank descretion, last updated on 25 July 2019.