Compare personal loan interest rates from 30+ RBI-regulated banks and NBFCs. Check CIBIL score free, calculate EMI, check eligibility — 100% free, instant, paperless. Lowest rates from 10.50% p.a.
Compare rates from 30+ banks and NBFCs. Updated daily. Apply directly with zero processing fee via CreditDost.
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee | Action |
|---|---|---|---|---|---|
|
HDFC Bank POPULAR
Private Sector Bank
|
10.75% – 21.30% | ₹50,000 – ₹40 Lakh | 12 – 60 months | Up to 2.5% | |
|
SBI Personal Loan
Public Sector Bank
|
10.55% – 15.65% | ₹25,000 – ₹20 Lakh | 6 – 72 months | 1% + GST | |
|
Bajaj Finserv POPULAR
NBFC
|
11.00% – 27.00% | ₹20,000 – ₹35 Lakh | 12 – 84 months | Up to 3.93% | |
|
ICICI Bank
Private Sector Bank
|
10.85% – 16.25% | ₹50,000 – ₹50 Lakh | 12 – 72 months | Up to 2.5% | |
|
KreditBee INSTANT
Fintech Lender
|
16.00% – 29.95% | ₹1,000 – ₹5 Lakh | 3 – 24 months | Up to 6% | |
|
Navi INSTANT
Fintech Lender
|
9.90% – 45.00% | ₹10,000 – ₹20 Lakh | 3 – 72 months | Nil | |
|
Axis Bank
Private Sector Bank
|
11.25% – 22.00% | ₹50,000 – ₹40 Lakh | 12 – 60 months | Up to 2% | |
|
Tata Capital
NBFC
|
10.99% – 28.00% | ₹75,000 – ₹35 Lakh | 12 – 72 months | Up to 3.5% |
* Rates are indicative and subject to change based on your credit profile. Last updated: April 2026.
From comparison to disbursal — the entire process takes less than 48 hours for most applicants.
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Funds credited directly to your bank account within 24–48 hours of approval. Instant for fintech lenders.
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Based on your profile, you qualify for loans up to ₹5,00,000 at rates starting from 11.25% p.a. from 8 lenders. Our team will contact you within 1 hour with personalised offers.
Whether it's a medical emergency, wedding, home renovation, or business expansion — we have the right loan for you.
No collateral needed. Use for any purpose — medical, travel, education, wedding or debt consolidation.
Buy, construct, or renovate your dream home. Flexible tenures up to 30 years with tax benefits.
New or used cars. Up to 100% on-road funding. Fast approval with minimal documentation.
Study in India or abroad. Covers tuition, accommodation, and travel. Moratorium until course completion.
Working capital, equipment purchase, or expansion. Collateral-free up to ₹50 lakhs for SMEs.
Emergency funds in under 2 hours. Aadhaar + PAN only. Disbursed directly to your bank account.
Cover hospital bills, surgery, or treatment costs without breaking your savings or investments.
Make your big day memorable without financial stress. Flexible repayment up to 5 years.
Know where you stand before applying. A good credit score gets you the lowest interest rates and fastest approvals.
See your CIBIL score, credit history, active loans, and payment record in one place.
Soft inquiry — checking your own score never reduces it. 100% safe.
Personalised suggestions to improve your score and qualify for better loan rates.
Based on 742 avg score of CreditDost users
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India's fintech ecosystem is evolving fast. Here's what's changing the way Indians borrow money in 2026.
BNPL has gone mainstream in India. Split any purchase into 3–12 zero-interest EMIs. Available via LazyPay, ZestMoney, Simpl, and now integrated in UPI apps. RBI has issued new BNPL guidelines for consumer protection.
Aadhaar-based eKYC and RBI-approved Video KYC have eliminated branch visits entirely. Get a fully digital loan with Aadhaar OTP + a 2-minute video call. Instant approval for pre-approved customers.
India's Account Aggregator framework lets lenders see your complete financial data — bank statements, mutual funds, GST returns — with your one-time consent. No more uploading documents. Faster approvals, better rates.
Machine learning models now assess creditworthiness using 500+ data points — UPI transaction history, digital footprint, GST filing regularity. Borrowers with thin credit files get approved using AI-based alternative credit scoring.
RBI's co-lending framework pairs banks with NBFCs — banks provide cheap capital, NBFCs bring the borrower reach. Result: lower rates for borrowers who couldn't access bank loans earlier. Adopted by SBI, HDFC, Axis with 50+ NBFC partners.
RBI has enabled credit lines on UPI — use your pre-approved credit limit directly through PhonePe, Google Pay, or BHIM. Pay later, repay by next salary. The next evolution of the credit card, without a physical card.
Read what our borrowers say about their loan experience through CreditDost.
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"As a self-employed person I was always rejected by banks. CreditDost showed me NBFC options I never knew existed. Got ₹1.5 lakh from KreditBee in 3 hours. Life saver!"
"My credit score was 680 and I thought I wouldn't get a loan. CreditDost told me exactly which lenders accept my profile and within what rate range. Applied and got approved same day."
Everything you need to know about personal loans in India — answered simply.
Most banks require a minimum monthly salary of ₹15,000–₹25,000 for a personal loan. NBFCs may approve loans for salaries as low as ₹12,000/month. Self-employed individuals need a minimum annual income of ₹2–3 lakhs. Government employees typically get better rates and higher loan amounts.
The lowest personal loan interest rates in India start at 10.50% p.a. from banks like SBI and HDFC for salaried government employees with excellent credit scores (750+). Most private banks offer 11–18% p.a. NBFCs typically charge 14–26% p.a. Fintech lenders range from 16–36% p.a.
You can get an instant personal loan in India by applying through fintech lenders like KreditBee, MoneyTap, Navi, or CASHe. These apps disburse loans within 24–48 hours — sometimes as fast as 2 hours — with minimal documentation: Aadhaar, PAN, and bank statement via net banking.
A CIBIL score of 750 or above gets you the best personal loan rates from top banks. Scores between 650–749 may get loan approval with slightly higher interest rates. Below 650, bank approval is difficult but NBFCs and fintech lenders may still approve your application at higher rates.
Most lenders offer personal loans of 10–20 times your net monthly salary. For a ₹30,000/month salary you may get ₹3–6 lakhs. For ₹60,000/month, up to ₹10–12 lakhs. The exact amount also depends on your existing EMIs, credit score, and employer category (government vs. private).
Yes — self-employed individuals can get personal loans using 6 months bank statements, last 2 years ITR, or GST returns. Fintech lenders like KreditBee and Navi also offer loans using alternative data (transaction history, digital footprint) without traditional income proof documents.
BNPL (Buy Now Pay Later) lets you purchase products or services now and repay in instalments — often interest-free for short tenures. In India, BNPL is offered by LazyPay, Simpl, ZestMoney, Amazon Pay Later, and Flipkart Pay Later. RBI has issued guidelines in 2024 requiring all BNPL providers to be RBI-regulated entities, protecting consumer rights and capping hidden charges.
India's Account Aggregator (AA) framework lets you share your financial data — bank statements, mutual funds, insurance policies, GST returns — with lenders securely, with one-time consent. Lenders get real-time verified data without you uploading documents. This means faster loan approvals, better interest rates based on your true financial health, and less paperwork. Major banks including SBI, HDFC, and ICICI are now AA-ready.
To improve your CIBIL score: (1) Pay all EMIs and credit card bills on time — even one missed payment drops your score by 50–100 points; (2) Keep your credit utilisation below 30% of your credit card limit; (3) Avoid multiple loan applications in a short period — each hard inquiry reduces your score; (4) Maintain a healthy mix of secured (home, car) and unsecured (personal, credit card) credit; (5) Check your credit report for errors and dispute inaccuracies on the CIBIL website. Consistent on-time payments for 6–12 months can raise a 650 score to 750+.
RBI's Digital Lending Guidelines (2022, updated 2024) protect borrowers by: (1) Requiring all loan disbursals to go directly to the borrower's bank account — no third-party intermediaries holding funds; (2) Mandating a Key Fact Statement (KFS) with all charges upfront before you accept any loan; (3) Banning auto-debit without explicit NACH mandate consent; (4) Allowing a 3-day cooling-off period to cancel a digital loan; (5) Prohibiting access to phonebook/gallery/contacts by loan apps. Always check that your lender is an RBI-approved entity at rbi.org.in before applying.
Compare 30+ lenders, check eligibility instantly, and get the lowest interest rate available for your profile — completely free.
A personal loan is an unsecured loan offered by banks and NBFCs in India for any personal financial need — medical expenses, wedding costs, travel, home renovation, debt consolidation, or education. Unlike home loans or car loans, personal loans do not require any collateral or security. In 2026, India's digital lending ecosystem makes it possible to get a paperless loan within 24 hours entirely online.
When using a loan comparison platform like CreditDost, look beyond just the interest rate. Consider the processing fee (typically 0.5%–4%), prepayment charges, foreclosure fees, and disbursal turnaround time. The best personal loan interest rate for your profile depends on your CIBIL score, employment type, and income. Use our personal loan EMI calculator to compare the true monthly cost across lenders before applying.
Personal loan interest rates in India range from 10.50% p.a. (SBI, HDFC for government employees with CIBIL 750+) to 45% p.a. (fintech lenders for thin-file borrowers). Private banks like ICICI and Axis Bank typically charge 11–22% p.a. NBFCs like Bajaj Finserv and Tata Capital range from 11–28% p.a. Instant loan apps like KreditBee, Navi, and CASHe charge 16–36% p.a. for quick loan online approvals with minimal documentation.
For salaried applicants: Aadhaar card, PAN card, last 3 months salary slips, 6 months bank statement, and Form 16. For self-employed: Aadhaar, PAN, 2 years ITR with computation, 6 months bank statement, GST returns, and business proof. With India's eKYC and Account Aggregator framework, many fintech lenders now require just Aadhaar OTP + net banking access — making truly paperless personal loan approvals possible in minutes.
Our free personal loan EMI calculator uses the standard formula: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1], where P = principal amount, R = monthly interest rate (annual rate ÷ 12 ÷ 100), N = loan tenure in months. For example, a ₹5 lakh loan at 12% p.a. for 36 months has an EMI of ₹16,607. The loan prepayment calculator helps you understand how paying extra principal reduces your total interest outgo.
Your CIBIL score (also called a credit score) is a 3-digit number between 300–900 that summarises your credit repayment history. A score of 750+ is considered excellent and gets you the lowest personal loan interest rates. Score 650–749 is good — most banks approve but at slightly higher rates. Below 650, traditional banks are unlikely to approve — but NBFC loan providers and fintech apps may still lend using alternative credit scoring. Check your free CIBIL score on CreditDost with zero impact on your score (soft inquiry).
India has four RBI-licensed credit bureaus: TransUnion CIBIL, Equifax India, CRIF Highmark, and Experian India. While CIBIL score is the most widely used by lenders, NBFCs and fintech lenders increasingly check Equifax score and CRIF score for a fuller picture. Each bureau may have slightly different scores based on data from different lenders. CreditDost's free credit report check uses a soft inquiry — it never impacts your score regardless of how many times you check.
Getting a loan without CIBIL is possible through: (1) Fintech lenders using AI-powered loan approval with UPI transaction data, digital footprints, and GST returns as alternative credit signals; (2) Microfinance institutions (MFIs) for loans up to ₹1 lakh; (3) Gold loans — fully secured against gold jewellery; (4) Loan against property (LAP). Navi and KreditBee are known for approving new-to-credit (NTC) borrowers who have no prior credit history.
BNPL India is best for short-term purchases (under ₹50,000) with 0% interest for 15–90 days. Popular BNPL providers include LazyPay, Simpl, Amazon Pay Later, and Flipkart Pay Later. A personal loan is better for larger amounts (₹1 lakh+) with tenures of 1–5 years. The key difference: BNPL typically has no interest if paid on time but severe penalties on delay; personal loans have fixed EMIs and are suited for planned expenses. RBI BNPL guidelines now require all BNPL providers to report to credit bureaus — meaning late BNPL payments can hurt your CIBIL score.
India's digital lending landscape in 2026 is shaped by four key forces: (1) UPI-linked credit lines — RBI has enabled credit on UPI, letting you access pre-approved limits via PhonePe or Google Pay without a physical card; (2) Neobanks like Jupiter, Fi, and Niyo offer seamless digital banking India experiences with embedded lending; (3) Open banking India via the Account Aggregator framework gives lenders verified financial data in real time; (4) Co-lending model — RBI-approved partnerships between banks and NBFCs delivering lower rates to previously underserved borrowers.
MSME loans in India have been transformed by the OCEN (Open Credit Enablement Network) and GST-linked lending. Businesses with 12 months of GST filing history can access collateral-free business loans up to ₹50 lakhs from NBFCs within 48 hours. The government's Emergency Credit Line Guarantee Scheme (ECLGS) continues to support small businesses. Peer-to-peer (P2P) lending platforms like Lendbox, Faircent, and Liquiloans offer SME loans funded directly by retail investors at competitive rates.
Home loan rates in India start at 8.40% p.a. (SBI, HDFC, ICICI) for 30-year tenures — eligible for Section 80C and 24(b) tax deductions. Car loan interest rates start at 9.25% p.a. for new cars (up to 100% on-road funding) and 11% for used cars. Education loans for studying in India start at 8.85% p.a. with a moratorium period until 1 year after course completion. CreditDost compares all loan types — home loan comparison, car loan EMI calculator, and education loan eligibility — on one free platform.
India has seen a surge of predatory illegal loan apps charging usurious interest and harassing borrowers. To verify an RBI approved loan app: (1) Check the lender's name on RBI's official NBFC list at rbi.org.in; (2) Ensure the app only asks for storage access for Aadhaar/PAN upload — never contacts or photos; (3) Look for a Key Fact Statement (KFS) before disbursement; (4) Verify the NACH mandate is only for the agreed EMI amount. Every lender on CreditDost is verified RBI-regulated, protecting you from digital lending fraud.