Personal Loan Interest Rates All Banks- Latest Rates 2024

India’s top private usually offers a 10.49% interest rate on personal loans and government Banks offer an 8.55% to 10.50% interest rate p.a. But the most valuable part is a credit score and other factors to get the best interest rate such as job profile, monthly salary, etc.

24hr Loan provides personal loan interest rates for all banks. This list is updated. Take a look at your preferred bank interest rates.

Compare Personal Loan Interest Rates All Banks

Banks	Interest Rates	Processing Fee
HDFC Bank	10.50% p.a. – 21.00% p.a.	Up to 2.50%
WeRize	16.00% p.a. – 21.00% p.a.	Up to 3%
Faircent	12.00% p.a. – 28.00% p.a.	Up to 6%
Fibe	24.00% p.a. – 30.00% p.a.	Up to 2.00% or Rs. 199
Upward	9.00% p.a. – 32.00% p.a.	Up to 2% – 4%
MoneyView	1.33% per month	Up to 2% – 5%
Cashe	2.25% per month	Up to 3%
Piramal Finance	1% of the loan amount	Up to 4%
Bandhan Bank	10.50% p.a. to 13.99% p.a.	Up to 2%
MoneyWide	16.83% p.a. – 32.83% p.a.	Up to 3%
InCred	18.00% p.a.	Up to 5%
FlexPay	15% p.a. – 36% p.a.	Up to Rs. 750
Prefr	18% p.a. – 36% p.a.	Up to 5%
Hero Fincorp	2.08% per month	Up to 2.5%
L&T Finance	11.00% p.a. – 19.00% p.a.	Up to 2%
Kreditbee	0% p.a. – 29.88% p.a.	Up to 5%
Navi	9.90% p.a. – 45% p.a.	Up to 3%
ICICI Bank	10.50% p.a. – 16.00% p.a.	Up to 2.50%
Chola Turbo Loan	14% p.a.	Up to 6%
Yes Bank	10.99% p.a. – 20% p.a.	Up to 2%
Kotak Mahindra Bank	10.75% to 11% p.a.	Up to 3%
Axis Bank	10.49% p.a.- 22% p.a.	Up to 2%
IndusInd Bank	10.25% p.a. – 26% p.a.	3% onwards
HSBC Bank	9.99% p.a. – 16.00% p.a.	Up to 2%
IDFC First Bank	10.49% p.a. onwards	Up to 3.5%
Tata Capital	10.99% onwards	Up to 3.5%
Home Credit	24% p.a. – 34% p.a.	2.5%-5%
Aditya Birla Capital	14% p.a. -26% p.a.	Up to 2%
State Bank of India	11.05% p.a. – 14.05% p.a.	Up to 1.50%
Karnataka Bank	12.00% p.a. – 17.00% p.a.	Bank will decide
Bank of Baroda	10.90% p.a. – 18.25% p.a.	Up to 2%
Federal Bank	11.49% p.a. – 14.49% p.a.	Bank will decide
IIFL	12.75% p.a. – 44% p.a.	2% – 6%
Bank of India	10.25% onwards	Up to 2%
SMFG India Credit	11.99% p.a. onwards	Up to 6%
IDBI Bank	10.50% p.a. – 13.25% p.a.	Bank will decide
Karur Vysya Bank	10.75% p.a. – 13.75% p.a.	0.50% onwards
South Indian Bank	13.1% p.a. – 20.6% p.a.	Up to 2%
Indian Overseas Bank	12.5% p.a. – 13.5% p.a.	Up to 0.50%
RBL Bank	14% p.a. – 23% p.a.	Up to 3.5%
Punjab National Bank	11.40% p.a. onwards	Up to 1.00%
Finnable	16.00%  to 22.00% p.a.	Up to 4%
Bank of Maharashtra	10.00% p.a. onwards	Up to 1%
Central Bank of India	12.00% p.a. – 12.75% p.a.	Up to 1%
DMI Finance	12.00% p.a. – 40.00% p.a.	Up to 4% + GST
J&K Bank	12.40% p.a. – 13.40% p.a.	Up to 1% to Rs.10,000
Buddy Loan	11.99% p.a. – 36.00% p.a.	Up to 2%

Determinants of Your Personal Loan Interest Rates

Credit History: It is quite true that credit history or credit score is like an umpire on the financial ground. A credit score of 750+ makes you an extraordinary person with a better interest rate. If you are paying others’ loans on time, you are steadily making a good credit history.

So, a credit score is an important point in determining your loan interest rate.

 Loan Inquire: Logging in for personal loans with other lenders is a bad habit before knowing loan eligibility.  Don’t apply for a loan blindly. Whenever going to apply for a loan, lenders check creditworthiness through hard inquiry.

This inquiry will affect your credit score and you can see all the loan inquiries on your credit report. Try to keep lower credit inquiries for cheap interest rates.

Job Profile: If you are doing a job at a well-known company, you may have the chance of getting the best loan interest rate. Lenders will check the fixed obligation to income ratio (FOIR) to determine the loan interest rate.

If you are a government employee, you will get extra care from lenders with lower interest rates. Also, a private employee of multinational companies gets a lower personal loan interest rate.

Compare Lenders: If you know your eligibility and requirements, you can compare various lenders. 24hrLoan provides various Banks / NBFCS companies loan eligibility to obtain the loan. Keep checking the better lenders and compare better interest rates.

Also, if you have a good relationship with your Bank, you may chance to get a lower interest rate.

Eligibility Criteria for Personal Loan

• Your age should be 21 to 55 years
• Minimum employee experience 1 year
• The salary of the applicant must be Rs. 12,000 or above
• The applicant’s salary must be transferred to the designated bank account

Required Documents for Personal Loan

• Aadhaar Card Number
• Original Pan Card
• Proof of current residential address:  Rent Agreement / Gas bill / Water bill / Property Tax
• Latest bank statements
• Latest salary slips
• Borrower photo
• Guarantor documents (if lender requirement)

FAQs on Personal Loan Interest Rates