Personal Loan Rates

Personal Loan Interest Rates in India

Compare personal loan interest rates from 15+ lenders. Check eligibility, EMI, documents, fees and approval factors online.

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personal loan interest rates

Personal loan rates depend on credit score, income, employer profile, existing obligations, lender policy and requested loan amount. Compare multiple offers before choosing a lender.

Last updated: July 15, 2026

Factors that affect personal loan rates

Lenders usually price personal loans based on borrower risk. A strong CIBIL score, stable income and low existing EMI burden can improve your chances of a better rate.

CIBIL score and repayment history

Monthly income and employment stability

Existing loans and credit card utilization

Employer category or business vintage

Loan amount and selected tenure

How to improve your personal loan offer

Before applying, reduce avoidable debt, keep documents ready and compare multiple lenders instead of applying randomly to many banks.

Check eligibility before formal application

Keep salary slips, bank statements and KYC ready

Compare fees and foreclosure terms

Use EMI planning before selecting tenure

Related loan options

Personal Loan

Compare unsecured personal loans from 15+ banks and NBFCs. No collateral, minimal paperwork, and disbursal in as little as 3 hours.

Rates from 10.49%

Debt Consolidation

Combine multiple loans and credit card dues into a single lower-EMI personal loan. Simplify repayments and potentially reduce total interest.

Rates from 10.99%

Balance Transfer

Switch your existing home or personal loan to a lower-rate lender. Reduce EMI, shorten tenure, or get a top-up — with clear savings math.

Rates from 8.35%

FAQs

What is a good personal loan interest rate?

A good rate depends on your profile. Borrowers with strong credit score, stable income and low obligations usually receive better offers.

What CIBIL score is needed for a personal loan?

Many lenders prefer 650+ and stronger offers are often available for 700-750+ profiles, depending on lender policy.

Can self-employed applicants get personal loans?

Yes. Self-employed applicants can apply with ITR, business proof and bank statements, subject to lender eligibility criteria.