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.