Bank personal loan interest rates compared
Published rates, fees and the true cost of ₹1 lakh at the big banks, from each bank's own pages. We don't arrange these loans.
13 banks · last verified 21 Oct 2026
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| Bank | Interest rate | Processing fee | True cost of ₹1 lakh12 months, fee + GST | Amount |
|---|---|---|---|---|
| Axis Bank | 8.9% to 21.55% a year | Up to 2% of the loan + GST | ₹7,246 | ₹50,000 to ₹50 lakh |
| Union Bank | 9.3% to 12.9% a year | 1% of the loan + GST, minimum ₹1,000 and maximum ₹10,000 (from 20 Oct 2026). No processing fee on the government employee, professional and home-loan-borrower schemes. Credit life insurance is compulsory, and its premium can be added to the loan. | ₹6,289 | Up to ₹50 lakh |
| Canara Bank | 9.95% to 14.95% a year | 0.5% of the loan + GST, minimum ₹1,000 and maximum ₹5,000 | ₹6,061 | Up to ₹50 lakh |
| ICICI Bank | 9.99% to 16.5% a year | Up to 2% of the loan + GST. Not refunded if you cancel. | ₹7,853 | Up to ₹50 lakh |
| HDFC Bank | 9.99% to 24% a year | Up to ₹6,500 + GST, a flat amount rather than a percentage of the loan. Not refunded if you cancel. | ₹5,493 | Up to ₹1 crore |
| SBI | 10% to 15% a year | Up to 1.5% of the loan + GST, minimum ₹1,000 and maximum ₹15,000. Defence employees and Platinum or Rhodium salary package customers pay no fee. Government employees, and borrowers with a CIBIL score of 800 or more, pay half: 0.75% + GST, within the same ₹1,000 to ₹15,000 limits. | ₹7,269 | ₹1 lakh to ₹50 lakh |
| Bajaj Finserv | 10% to 30.5% a year | Up to 4.13% of the loan including GST (3.5% + 18% GST). Flexi variants also pay a one-time Flexi facility charge of ₹1,999 to ₹18,999 including GST, and an annual maintenance charge of up to 0.295% (Flexi Dropline) or up to 0.472% in the interest-only period then 0.295% (Flexi Hybrid) of the dropline limit, including GST. All variants may also pay a credit guarantee scheme fee of up to 1.18% a year of the loan including GST, renewed on the outstanding amount for up to 3 more financial years. Stamp duty as per your state; all upfront charges are deducted from the amount paid out. | ₹9,629 | ₹40,000 to ₹55 lakh |
| Bank of Baroda | 10.4% to 18.05% a year | Nil for government employees with a Bank of Baroda salary account. For everyone else, 1% to 2% of the loan + GST, minimum ₹1,000 and maximum ₹10,000. | ₹8,082 | ₹50,000 to ₹20 lakh |
| IndusInd Bank | From 10.49% a year | Up to 3.5% of the loan + GST. For a limited period the fee is 2% on applications started and completed on the bank's own online loan channel (not for pre-approved offers). | ₹9,903 | ₹30,000 to ₹50 lakh |
| PNB | 10.5% to 17.05% a year | 1% of the loan + GST, plus a documentation charge of ₹270 (loans up to ₹2 lakh) or ₹450 (above ₹2 lakh) + GST; no documentation charge for defence personnel | ₹6,958 | Up to ₹20 lakh |
| YES BANK | 10.85% to 21% a year | Up to 2.5% of the loan + GST, plus stamp duty as per state law | ₹8,924 | Up to ₹50 lakh |
| Tata Capital | 10.99% to 33% a year | Up to 5% of the loan + GST, plus a documentation charge of up to ₹1,999 + GST | ₹11,952 | ₹40,000 to ₹35 lakh |
| Kotak | From 10.99% a year | Up to 5% of the loan + GST, deducted from the amount paid out; stamp duty as per your state | ₹11,952 | ₹50,000 to ₹1 crore |
Ranked by lowest published starting rate. From each bank's own pages; we don't arrange these loans or link to them. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.
Questions people ask
Which bank has the lowest personal loan interest rate?
Of the banks here, Axis Bank publishes the lowest starting rate (8.9%). Starting rates go to the strongest profiles; compare the APR in each offer's Key Fact Statement.
Can I apply for these bank loans through CreditParakh?
No. We show these banks' published terms for comparison; apply on each bank's own website, app or branch. If you'd rather see offers from several lenders at once, our partner's matching page suggests lenders based on your profile.