Personal Loan Interest Rates:
Personal loans are one of the most common ways people manage sudden financial needs. Whether it’s for medical emergencies, home renovation, travel, or family functions, these loans help meet short-term money requirements without the need for collateral. Since they are unsecured loans, personal loan interest rates are usually higher than other types of loans.

Personal Loan Interest Rates:

In October 2025, top Indian banks like HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Federal Bank, and SBI have updated their personal loan rates.

At HDFC Bank, personal loan interest rates start from 9.99% per annum, with a processing fee of ₹6,500 plus GST. The ICICI Bank offers loans with rates ranging from 10.60% to 16.50%, and a processing fee of up to 2% of the loan amount plus GST. Kotak Mahindra Bank provides personal loans starting at 9.98%, with a processing charge of up to 5% of the loan amount.

For Federal Bank, interest rates vary between 11.99% and 18.99%, with a processing fee of up to 3% per year.

In the public sector, State Bank of India (SBI) offers personal loans between 10.05% and 15.05%, effective from August 15, 2025. The processing fee ranges from ₹1,000 to ₹15,000, plus GST. Similarly, Union Bank of India charges between 10.75% and 14.45%, while Bank of Baroda offers loans with rates from 10.40% to 15.75%.

The final interest rate depends on the borrower’s CIBIL score those with higher credit scores can get loans at lower interest rates.

With online applications and instant approval processes, personal loans have become more accessible than ever. Customers can easily apply through bank websites or mobile apps and receive funds directly into their accounts within hours.

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