best bank in india for personal loan

Updated: 26-10-2023 06:32:15 AM

Check best personal loan offers of banks and NBFCs with which you have deposit, loan or credit card accounts

Most lenders offer preferential interest rates to their existing customers. Therefore, those applicants looking for personal loans should first start by approaching the bank and/or NBFC with which they already have a deposit, credit card accounts and/or has lending relationship. Their interest rates and other personal loan features can therefore be used as a standard benchmark against which the personal loan interest rates offered by other banks and NBFCs can be compared.

Compare interest rates offered by other banks/NBFCs

Personal loan applicants should compare interest rates offered by various banks and NBFCs. Lenders offer differential interest rates to different customers depending on multiple factors such as credit score, monthly income and employer’s profile of the applicant. Some lenders also run special personal loan interest rates offers during the festive season.

List of Best Personal Loans Offered by Various Banks/NBFCs in India

Banks/NBFCs Interest Rates(p.a.) 

Axis Bank 10.49% onwards 

IndusInd Bank 10.49% onwards 

IDFC First Bank 10.49% onwards 

HDFC Bank 10.50% onwards 

ICICI Bank 10.50% onwards 

Kotak Mahindra Bank 10.99% onwards 

Tata Capital 10.99% onwards 

Bajaj Finserv 11.00% onwards 

Federal Bank 11.49% onwards 

DMI Finance 12.00% - 40.00%

L&T Finance 12.00% onwards

Kreditbee 12.25% - 30.00% 

MoneyTap 12.96% onwards 

Piramal Finance 12.99% onwards 

Aditya Birla 13.00% onwards

MoneyView 15.96% onwards 

Cashe 27.00% onwards 

Note:  Interest rates as of 26 October 2023