Compare & Apply Best Personal Loans in India – 2025
Instant Approval | Low Interest | No Hidden Charges
Quick Loan Eligibility Calculator
| Bank | Interest Rate (p.a.) | Processing Fees | Apply |
|---|---|---|---|
| HDFC Bank | 10.50% – 17.00% | Up to 2.5% | Apply Now |
| ICICI Bank | 10.75% – 18.50% | Up to 2.5% | Apply Now |
| Axis Bank | 11.00% – 15.50% | Up to 1.5% | Apply Now |
| SBI | 10.99% – 16.99% | Up to 1% | Apply Now |
| Kotak Mahindra Bank | 11.25% – 16.75% | Up to 2% | Apply Now |
| Yes Bank | 10.99% – 17.99% | Up to 2% | Apply Now |
| IndusInd Bank | 11.00% – 17.50% | Up to 2.5% | Apply Now |
| IDFC First Bank | 10.49% – 18.00% | Up to 2% | Apply Now |
| Bank of Baroda | 11.25% – 16.50% | Up to 1.25% | Apply Now |
| Punjab National Bank | 11.50% – 16.75% | Up to 1% | Apply Now |
Personal Loan Eligibility Criteria
Salaried Applicants
- Age: 21–60 years
- Minimum Salary: ₹15,000 – ₹25,000 per month (depending on bank)
- Work Experience: 1+ year
Self-Employed Applicants
- Age: 25–65 years
- Minimum ITR: ₹2–3 Lakhs per annum
- Business Vintage: 2+ years
Required Documents for Personal Loan
- PAN Card
- Aadhaar / Address Proof
- Salary Slips (last 3 months)
- Bank Statement (last 6 months)
- PAN + Aadhaar
- Business Proof (GST / Shop Act / Registration)
- ITR (2 years)
- Bank Statements (last 12 months)
Personal Loan FAQs
1. What is a Personal Loan? +
A personal loan is an unsecured loan offered by banks and NBFCs to meet financial needs like medical bills, weddings, travel, education, or debt consolidation.
2. What is the minimum salary required for a Personal Loan? +
Most banks require a minimum monthly salary between ₹15,000 – ₹25,000 depending on the bank and city.
3. What is the maximum tenure for a Personal Loan? +
The tenure generally ranges from 12 months to 60 months (1–5 years), depending on the lender’s policy.
4. Can self-employed individuals apply? +
Yes, self-employed applicants with a minimum business vintage of 2 years and ITR income of ₹2–3 lakhs per annum can apply.
5. Do I need to provide collateral for a Personal Loan? +
No, personal loans are unsecured. You don’t need to pledge any collateral or security.