Looking for the best personal loan in India? Compare interest rates, eligibility, and processing time of top banks & apps for 2025.
Are you planning a vacation, home renovation, or need money for an emergency? A personal loan can help you fulfill your needs without any collateral. In India, many banks and financial institutions offer personal loans with flexible repayment options.
Top 5 Personal Loan Providers in India (2025):
| Bank/App | Interest Rate (p.a.) | Processing Fee | Max Loan Amount | Tenure |
| HDFC Bank | 10.75% – 21% | Up to 2.5% | ₹40 lakh | Up to 6 years |
| Axis Bank | 10.49% – 24% | Up to 2% | ₹25 lakh | Up to 5 years |
| SBI | 11% – 15% | ₹1000 – ₹2500 | ₹20 lakh | Up to 6 years |
| Bajaj Finserv | 11% – 28% | Up to 4% | ₹25 lakh | Up to 7 years |
| PaySense | 12% – 30% | Nil | ₹5 lakh | Up to 5 years |
Eligibility Criteria:
– Age: 21–60 years
– Minimum Salary: ₹15,000/month
– CIBIL Score: 700+ preferred
– Employment Type: Salaried or self-employed
Tips to Get Loan Approval Fast:
– Maintain a good credit score
– Avoid multiple loan applications at once
– Use a bank’s EMI calculator to plan repayment
– Submit all KYC and income proof clearly
