Benchmarks
Nifty22,552.507.8
The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు
| 09 March, 2025, 09:09 PM IST | Today's ePaper
My Watchlist
Business News›Wealth›Borrow›Loans›Personal Loan
    Top Searches:

    Personal loan with lowest interest rate

    Table of Content

    Personal loan from banks with lowest interest rate

    Below are the list of banks providing Lowest Interest Rate on Personal Loans
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    Induslnd Bank30,000 - 50 Lacs
    Salaried - Sellf employed
    Net annual income to be more than Rs 4.8 lakhs.
    		undefined%5 years
    PNBUpto 20 lakh
    Self Employed
    Income Tax Returns for the past 3 financ
    Income Tax Returns for the past 3 financial years along with address proof and age proof in case of self-employed individuals
    show moreshow less
    		undefined%upto 7 years
    Axis BankRs. 40 Lakhs
    Salaried
    Cibil Score greater then or equal to 700
    		undefined%12 months to 60 months.
    IDFC FirstUpto Rs 1 crore
    Salaried/Self-employed individuals
    Business must be in existence atleast fo
    Business must be in existence atleast for 3 years and profit after tax must be in profit
    show moreshow less
    		undefined%upto 5 years
    HDFC BankUpto 40 Lakh
    Salaried/Self-employed
    Cibil Score greater then 750
    		undefined%1 - 5 Years
    ICICI BankRs 50,000 up to Rs 25,00,000.
    Salaried/Self-employed individuals
    Cibil Score greater then or equal to 700
    		undefined%12 months to 72 months.
    Bank of IndiaUpto Rs.1 lakh
    Salaried /Self Employed
    Star Mitra Loan
    		undefined%12-60 months
    CitibankUpto Rs.30 lakh
    Salaried/Self-employed
    Cibil Score greater then 700
    		undefined%upto 60 months
    Bank of BarodaUpto Rs.20 lakh
    Govt Employees / defence personnel maint
    Govt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 & 186
    show moreshow less
    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+1.50 BRLLR+SP+2.00
    show moreshow less
    		undefined%upto 60 months

    Personal loan from PSU banks with lowest interest rate

    Below are the list of PSU banks providing lowest interest rates
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    Union Bank of India
    Up to Rs.5.00 lakhs to Rs.50.00 lakh
    Union Personal - Under Tie-up/ Non Tie-up Salaried
    Union Personal - Under Tie-up/ Non Tie-up Salaried/ Self Employed (women Professional)
    show moreshow less
    Cibil Score for Tie-up below 700 & Non T
    Cibil Score for Tie-up below 700 & Non Tie-up (salaried/Self Employed) above or equal to 700
    show moreshow less
    		undefined%upto 60 months
    Union Bank of India
    Up to Rs.5.00 lakhs to Rs.50.00 lakh
    UNION WOMEN PROFESSIONAL PERSONAL Salaried
    Cibil Score less then 700
    		undefined%upto 60 months
    Bank of Baroda
    Up to Rs.20 lakh
    Govt Employees / defence personnel maintaining sal
    Govt Employees / defence personnel maintaining salary account with our Bank under scheme code SB 182 and 186
    show moreshow less
    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+1.50 BRLLR+SP+2.00
    show moreshow less
    		undefined%upto 60 months
    Bank of Baroda
    Maximum Rs.20.00 lakhs (it is linked wit
    Maximum Rs.20.00 lakhs (it is linked with borrower’s occupation and account relationship with Bank). Minimum Rs.1.00 lakh for Metro and Urban Branch Rs.0.50 lakh for Rural and Semi-Urban Branch
    show moreshow less
    Gold: Same target customers as mentioned in Silver
    Gold: Same target customers as mentioned in Silver Category, however, salary account must be with our Bank. All Category:A,B,C Enployees
    show moreshow less
    Linked with CIBIL Score of the individua
    Linked with CIBIL Score of the individual BRLLR+SP+2.00 BRLLR+SP+6.85
    show moreshow less
    		undefined%upto 60 months
    Bank of India
    N/A
    Salaried/Pensioner
    Star Suvidha Express Personal Loan(SSEPL)
    		undefined%upto 60 months
    Central Bank
    Up to Rs 15 Lakh
    Salaried - Sellf employed
    Permanent employees of government instit
    Permanent employees of government institutions, railways, central and state governments, hospitals, schools, municipal bodies, etc. and must have completed at least one year of service Permanent employees of multinational/Indian companies with at least 3 years of service
    show moreshow less
    		undefined%upto 7 years
    State Bank of India
    up to Rs. 20 lakhs
    Salaried - Sellf employed
    SBI Pension Loan Jai Jawan Pension Loan
    SBI Pension Loan Jai Jawan Pension Loan Pension Loan Scheme For Treasury and PSU Pensioners Pre-Approved Pension Loans(PAPNL) Pre-approved Insta Pension Top-Up
    show moreshow less
    		undefined%upto 60 months
    UCO Bank
    20 times of Gross Monthly Income subject
    20 times of Gross Monthly Income subject to maximum of Rs.15 Lacs
    show moreshow less
    Salaried
    UCO Cash
    		undefined%Up to 7 years
    Yes Bank
    Rs 1-Rs 40 lakh
    Salaried - Sellf employed
    Income proof – last 3 months’ bank statement
    		undefined%1-5 years
    PNB
    upto 20 Lakhs
    Salaried - Sellf employed
    Cibil Score greater then or equal to 800
    Cibil Score greater then or equal to 800 Cibil greater then or equal to 750 less then 800 Or With Nil credit history (i,e -1 or 0)
    show moreshow less
    		undefined%upto 6 years
    PNB
    upto 20 Lakhs
    Govt Employees
    Cibil score 650 to 749
    		undefined%upto 6 years
    PNB
    upto 20 Lakhs
    Salaried
    Cibil Score less then 650
    		undefined%upto 6 years
    PNB
    upto 20 Lakhs
    PNB Doctor’s Delight – Personal Loan Scheme for Do
    PNB Doctor’s Delight – Personal Loan Scheme for Doctors
    show moreshow less
    Must have a continued occupancy at the p
    Must have a continued occupancy at the present residence for at least two years.
    show moreshow less
    		undefined%upto 7 years
    PNB
    upto 10 Lakhs
    PERSONAL LOAN SCHEME FOR PENSIONERS
    Demand Loan/ Term Loan/ Overdraft
    		undefined%upto 2 years
    Bank of India
    upto 10 lakh
    Salaried /Self Employed
    Star Personal Loan Star Mitra Loan
    		undefined%upto 60 months

    Personal loan from Private banks with lowest interest rate

    Below are the list of Private Banks providing lowest interest rates
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    HDFC BankUpto 40 LakhSalaried/Self-employed
    Cibil Score greater then 750
    		undefined%1 - 5 Years
    ICICI BankRs 50,000 upto Rs 25,00,000.Salaried/Self-employed individuals
    Cibil Score greater then or equal to 700
    		undefined%12 months to 72 months.
    Axis BankRs. 40 LakhsSalaried
    Cibil Score greater then or equal to 700
    		undefined%12 months to 60 months.
    Kotak MahindraUpto Rs.40 lakhsSalaried
    Cibil Score greater then or equal to 700
    		undefined%60 months
    IDFC FirstUpto Rs 1 croreSalaried/Self-employed individuals
    Business must be in existence atleast fo
    Business must be in existence atleast for 3 years and profit after tax must be in profit
    show moreshow less
    		undefined%upto 5 years
    Federal BankUpto Rs.25 Lakhsalaried individuals
    Cibil Score greater then 750
    		undefined%upto 60 months
    CitibankUpto Rs.30 lakhSalaried/Self-employed
    Cibil Score greater then 700
    		undefined%upto 60 months
    Induslnd Bank30,000 - 50 LacsSalaried - Sellf employed
    Net annual income to be more than Rs 4.8 lakhs.
    		undefined%5 years
    RBL BankRs.1 lakh upto Rs. 20 lakhsSalaried
    Minimum income of Rs.25,000 per month
    		undefined%12 to 60 months
    India BullsRs 1,000- Rs 15 lakhSalaried - Sellf employed
    Cibil Score greater then 750
    		undefined%3 months-2 years

    Personal loan from NBFCs with lowest interest rate

    Below are the list of NBFCs providing lowest interest rates
    Loan ProviderAmount RangeBorrower ProfileAdditional conditionInterest RateMax Tenure
    IIFL ltdupto 5 lakhSalaried - Sellf employed
    Sourcable location will Mumbai,Delhi,Pun
    Sourcable location will Mumbai,Delhi,Pune,Banglore,Hyderabad and chennai
    show moreshow less
    		undefined%upto 42 months
    HDB Financial Servicesupto 20 LakhsSalaried - Sellf employed
    Cibil Score greater then or equal to 750
    		undefined%12-60 months
    Mahindra Financeupto 15 lakhSalaried
    The personal loan facility is only permi
    The personal loan facility is only permissible for Mahindra Group employees and existing customers of Mahindra Finance So, the credit is available for those working (confirmed employees) for M and M Ltd. Also, the employees of M and M Ltd. subsidiary companies can take the loan
    show moreshow less
    		undefined%24-60 months
    Tata CapitalAny amountSalaried
    Cibil Score greater then or equal to 750
    		undefined%upto 6 years
    Aditya Birla Capitalupto 50 lakhSalaried
    Minimum net monthly income that is not l
    Minimum net monthly income that is not less than 45000
    show moreshow less
    		undefined%upto 7 years
    Personal Loan: Personal loan from banks with lowest interest ratePersonal loan from PSU banks with lowest interest ratePersonal loan from private banks with lowest interest ratePersonal loan from NBFCs with lowest interest rate

    Related Personal loan News

    Now it will be difficult to take multiple personal loans due to new RBI norms

    The RBI now requires lenders to update their credit records every 15 days instead of monthly, making it harder for borrowers to take multiple personal loans. The move is aimed at improving credit risk assessment and curbing over-borrowing.

    Want a personal loan? Eligibility, documents you need

    Although personal loans do not need collateral, the interest amount can add a lot of strain to your finances. However, in case you need one for emergencies, here's how you can go about it.

    Renovate your home with a personal loan this festive season

    Indians can renovate their homes during the festive season by using personal loans. These loans provide quick approval, flexible repayment options, and no collateral requirements. The festive season is a time for renewal, and a personal loan can help fund expenses like new furniture, fresh paint, and upgraded lighting.

    Frequent calls for personal loan or auto loan — saviour or loan shark in disguise? Keep these things in mind before you borrow

    How much charge on future income one can afford is a personal financial question that the borrower alone can answer. The lender can look at your assets or income and propose how much he will lend. Discount the ‘loan eligibility’ worked out by the borrower. Do your homework about how much you can pay every month. Even if the lender masks your eligibility as a privilege, it is not. You borrow, you repay.

    Personal loan interest rates September 2024: List of 21 banks offering best interest rates on personal loans

    A personal loan is borrowing money from a bank for personal reasons without providing any security. The advantage of a personal loan is that it requires minimal documentation and may be obtained fast. Here are the top banks offering the lowest rate on personal loan.

    Thinking of getting a personal loan? Adani group might have something for you

    The Adani One app, developed by Adani Digital Labs Ltd, debuted in December 2022 focusing on airport services. The app has since integrated bill payment and credit card features. As per reports, the group is now aiming to offer personal loans in collaboration with digital lending firms and NBFCs, expanding its service offerings.

    The Economic Times