Archive · 2 Oct 2025
Banks Offer Varying Personal Loan Interest Rates
Several banks in India are offering different interest rates on personal loans.
It's important to compare these rates before choosing a loan.
HDFC Bank charges between 9.99% and 24%, while ICICI Bank's rates range from 10.60% to 16.50%.
Kotak Mahindra Bank starts at 9.98%.
SBI's rates are between 10.05% and 15.05%.
Federal Bank offers rates from 11.99% to 18.99%.
Union Bank of India charges between 10.75% and 14.45%, and Bank of Baroda between 10.40% and 15.75%.
Don't forget to check processing fees, too.
Banks provide varying interest rates on personal loans.
HDFC Bank's interest rates range from 9.99% to 24% per annum.
ICICI Bank charges interest between 10.60% and 16.50% annually.
SBI interest rates range from 10.05% to 15.05% per annum.
Processing fees also affect the overall loan cost.
- Who
- Multiple banks including HDFC, ICICI, Kotak Mahindra, Federal, SBI, Union Bank of India, and Bank of Baroda.
- What
- Offering personal loan interest rates.
- When
- October 2025, SBI rates effective from August 15, 2025.
- Where
- India.
- Why
- To provide financial options to borrowers.
- HDFC Bank
- 9.99% - 24% (Interest), ₹6,500 + GST (Processing)
- ICICI Bank
- 10.60% - 16.50% (Interest), Up to 2% of loan + taxes (Processing)
- Kotak Mahindra Bank
- Starts at 9.98% (Interest), Up to 5% + taxes (Processing)
- Federal Bank
- 11.99% - 18.99% (Interest), Up to 3% (Processing)
- SBI
- 10.05% - 15.05% (Interest), ₹1,000 to ₹15,000 + GST (Processing)
- Union Bank of India
- 10.75% - 14.45% (Interest)
- Bank of Baroda
- 10.40% - 15.75% (Interest)
