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31 banks and NBFCs are compared on CibilBazaar. The lowest starting personal loan rate is 9.95% p.a. (Kotak Mahindra Bank), and the median starting rate across lenders with a published rate is 11.5% p.a. Open any lender for its eligibility, EMI table, fees and charges.
Personal loan comparison: 31 banks & NBFCs
| Lender | Starting rate | Max loan | Min. monthly salary | Tenure options |
|---|---|---|---|---|
| Kotak Mahindra Bank | 9.95% | ₹1 Crore | ₹25,000 per month | 3, 5 and 6 years |
| Axis Bank | 9.99% | ₹50 Lakh | ₹25,000 to ₹40,000 per month | 3, 5, 6 and 7 years |
| Bandhan Bank | 9.99% | ₹25 Lakh | ₹25,000 per month | 3 and 5 years |
| HDFC Bank | 9.99% | ₹60 Lakh | ₹30,000 to ₹1,00,000 per month | 3, 5, 6 and 7 years |
| ICICI Bank | 9.99% | ₹1 Crore | ₹40,000 per month | 3, 5 and 6 years |
| IDFC FIRST Bank | 9.99% | ₹1 Crore | ₹20,000 per month | 3, 5, 6 and 7 years |
| Bajaj Finance | 10% | ₹50 Lakh | ₹30,000 per month | 3, 5, 6 and 7 years |
| HSBC Bank | 10.25% | ₹40 Lakh | ₹35,000 per month | 3 and 5 years |
| IndusInd Bank | 10.35% | ₹50 Lakh | ₹25,000 per month | 3, 5, 6 and 7 years |
| Tata Capital | 10.99% | ₹60 Lakh | ₹20,000 per month | 3, 5 and 6 years |
| L&T Finance | 11.5% | ₹30 Lakh | ₹25,000 to ₹30,000 per month | 3, 5 and 6 years |
| Piramal Finance | 12% | ₹50 Lakh | ₹25,000 per month | 3, 5 and 6 years |
| Poonawalla Fincorp | 12% | ₹50 Lakh | ₹30,000 per month | 3, 5 and 6 years |
| Axis Finance | 12.5% | ₹50 Lakh | ₹40,000 to ₹50,000 per month | 3, 5, 6 and 7 years |
| Aditya Birla Finance | 12.99% | ₹65 Lakh | ₹20,000 to ₹40,000 per month | 3, 5, 6 and 7 years |
| Shriram Finance | 13% | ₹30 Lakh | ₹25,000 per month | 3, 5 and 6 years |
| InCred Finance | 13.99% | ₹10 Lakh | ₹15,000 per month | 3 and 5 years |
| Utkarsh Small Finance Bank | 14% | ₹15 Lakh | ₹30,000 per month | 3, 5, 6 and 7 years |
| Cholamandalam Finance | 15% | ₹30 Lakh | ₹25,000 per month | 3, 5, 6 and 7 years |
| Fibe | 18% | ₹5 Lakh | ₹25,000 per month | 3 years |
| Finnable | 18% | ₹10 Lakh | ₹20,000 per month | 3 and 5 years |
| CSB Bank | Personalised | ₹40 Lakh | ₹15,000 per month | 3, 5 and 6 years |
| Credit Saison India | Personalised | ₹10 Lakh | ₹25,000 per month | 3 and 5 years |
| DBS Bank | Personalised | ₹15 Lakh | ₹25,000 per month | 3 and 5 years |
| Finzy | Personalised | ₹10 Lakh | ₹35,000 per month | 3 years |
| Hero FinCorp | Personalised | ₹5 Lakh | ₹15,000 per month | 3 and 5 years |
| Muthoot Finance | Personalised | ₹15 Lakh | ₹20,000 per month | 3 and 5 years |
| SBM Bank India | Personalised | ₹30 Lakh | ₹30,000 per month | 3 and 5 years |
| SMFG India Credit | Personalised | ₹30 Lakh | ₹16,000 per month | 3 and 5 years |
| Standard Chartered Bank | Personalised | ₹50 Lakh | ₹50,000 per month | 3 and 5 years |
| Yes Bank | Personalised | ₹50 Lakh | ₹20,000 per month | 3, 5 and 6 years |
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Frequently asked questions
Which bank has the lowest personal loan interest rate?
Among the lenders with a published rate on CibilBazaar, Kotak Mahindra Bank starts at 9.95% p.a. The rate you get depends on your income, employer, credit score and loan amount.
Is the interest rate shown the rate I will get?
No. The rate shown is the starting rate. Your final rate depends on your credit profile, employer category, loan amount and the lender's policy at the time of approval.
How do I choose between a bank and an NBFC?
Compare the starting rate, processing fee, foreclosure and part-payment rules, and the minimum salary. Banks usually start lower; NBFCs may approve a wider range of profiles. Use the eligibility checker to see which lenders fit your profile.
Disclaimer: CibilBazaar is a loan marketplace, not a bank or NBFC. Rates, limits and policies shown are indicative, compiled from lender information available to CibilBazaar as of 28 October 2026, and can change without notice. Approval and the final offer depend on your profile and the lender's policy. Please confirm with the lender before applying.