Personal loans are one of the popular financial products that you can use to meet various financial requirements. 

There are several banks in India who offer best personal loans to their customers, and you can easily apply for it either online or offline. 

However, before availing such a personal loan, you should check the interest rate offered by different banks which varies between 10.50% p.a to 24.00% p.a. 

Compare the latest personal loan interest rates and processing fee of all banks and apply today. 

Current Personal Loan Interest Rate of All Banks 2022 

Bank  Interest Rate p.a  Processing Fee 

HDFC Bank  10.50% - 21.00%  Up to 2.50%  

Yes Bank 10.99% - 16.99%  Up to 2.50% 

CITI Bank  11.00% - 16.59%  Up to 3% 

Kotak Mahindra Bank  10.25% and above  Up to 2.50% 

Axis Bank  12.00% - 21.00%  Based on bank 

IndusInd Bank  10.49% - 31.50%  3.00% Onwards 

HSBC Bank  9.50% - 15.25%  Up to 1% 

IDFC First Bank  10.49% Onwards  Up to 3.5% 

Tata Capital  10.99% Onwards  Up to 2.75% 

State Bank of India  10.60% - 15.65%  Up to 1.50% 

Karnataka Bank  12.00% - 17.00%  Up to 2.50% 

Bank of Baroda  10.50% - 12.50%  Up to 2% 

Federal Bank  10.99% - 17.99%  Up to 3% 

IIFL   24.00% Onwards  Up to 2% 

Bank of India  10.70% - 12.40%  Up to 2.50% 

Punjab National Bank  11.10% Onwards  Up to 2% 

A personal loan is a type of unsecured loan that allows the bank or financial institution if you require funds to pay for your financial needs. The maximum amount of loan depends on your monthly income. In India, there are lenders who offer up to Rs.40 lakh.