Interest rates directly affect your EMI and total loan cost. Even a slight rate change can impact what you pay overall.
At 24hrLoan, we help you compare personal loan offers from banks and NBFCs to find low-interest, flexible EMI, and fast approval. Below are four top banks known for competitive rates, especially for borrowers with good credit.
1. HDFC Bank Personal Loan
HDFC Bank is one of India’s most trusted private banks and offers personal loans with competitive interest rates and quick processing.
Features
- The interest rate starts from around 10.5% per annum.
- Loan amount up to ₹40 lakh (based on eligibility)
- Flexible tenure up to 60 months
- Fast approval for salaried professionals
- Minimal documentation for existing customers
Best For
- Salaried employees
- Existing HDFC Bank customers
- Borrowers with good CIBIL scores
2. State Bank of India (SBI) Personal Loan
SBI personal loans are popular for their lower interest rates and transparent charges, especially for government and salaried employees.
Features
- The interest rate starts from around 10.3% per annum.
- Lower processing fees compared to private banks
- Special offers for government employees and pensioners
- Loan tenure up to 72 months
- Wide branch and digital support
Best For
- Government employees
- Pensioners
- Salaried individuals looking for stability and trust
3. Axis Bank Personal Loan
Axis Bank offers personal loans with fast digital approval and flexible repayment options, making it suitable for urgent needs.
Features
- The interest rate starts from around 10.5% per annum.
- Loan amount up to ₹40 lakh
- Quick online application and approval
- Flexible EMI and tenure options
- Top-up loan facility available
Best For
- Private sector employees
- People needing quick disbursal
- Borrowers with stable income
4. ICICI Bank Personal Loan
ICICI Bank is recognized for its efficient processing, high loan amounts, and extensive digital accessibility.
Features
- Interest rate starts from around 10.75% p.a.
- Loan amount up to ₹50 lakh
- Instant approval for pre-approved customers
- Fully online process
- Flexible repayment tenure
Best For
- High-income salaried professionals
- Existing ICICI customers
- Users looking for instant loans
Compare Personal Loan Interest Rates
| Bank Name | Starting Interest Rate | Max Loan Amount | Tenure |
| HDFC Bank | 10.5% p.a. | Up to ₹40 lakh | Up to 60 months |
| SBI | 10.3% p.a. | Based on profile | Up to 72 months |
| Axis Bank | 10.5% p.a. | Up to ₹40 lakh | Up to 60 months |
| ICICI Bank | 10.75% p.a. | Up to ₹50 lakh | Up to 60 months |
Why Apply Through 24hrLoan?
Instead of applying to one bank at a time, 24hrLoan lets you:
- Compare personal loans from multiple banks & NBFCs
- Find the lowest available interest rate.
- Improve approval chances with one application.
- Save time and effort.
- Get transparent details on EMI and charges.
We help you choose the right loan, not just the fastest one.
Tips to Get a Personal Loan at a Low Interest Rate
- Maintain a CIBIL score above 700
- Avoid multiple loan enquiries at once
- Choose a realistic loan amount
- Compare offers before finalizing
- Opt for a shorter tenure if EMI is affordable
Also Read: 8 Banks Have Revised Loan Interest Rates
Conclusion
Choosing a bank with a low-interest personal loan can save you thousands of rupees in the long run. Banks like HDFC, SBI, Axis, and ICICI are among the top choices for competitive personal loan rates—but the best option depends on your profile.
With 24hrLoan, you can easily compare these banks and select the personal loan that offers low interest, flexible EMI, and quick approval—all in one place.