Click it and Unblock the Notifications
Interest rates on any loan varies depending on the bank, and income paying capacity of individual and other eligibility criteria like Cibil rating.
To make it simple, let's consider how various leading banks in the country would charge for a personal loan needed for Sanjay who is staying in Bangalore since the last 5 years, who is 30 years old and his take home salary is Rs 50,000. He is salaried person and there are no EMI.
Most of the banks do not allow pre-payment or closure within initial 6 months to one year.
Also, he stays with his family which is owned by his father. Click on the slide to see options from various banks.
HDFC Bank is offering highest loan amount based on Sanjay's eligibility. Loan amount: Rs 7 lakh (max) Loan amount: Rs 5.5 lakh (max) Considering he is working with MNC or large PVT Ltd company. Loan amount: Rs 50,000-15 lakh Loan amount: max upto15 lakh
HDFC Bank Interest Rates
Tenure= 4 years
Interest rate=16.25%
EMI=19,928
ICICI Bank Interest Rates
Tenure= 4 years
Interest rate=17.25%
EMI= Rs 15,942
Fees and Tax: RS 12,360
Kotak Mahindra Bank Interest Rates
Loan amount: Rs 50,000-15 lakh
Tenure= 12-60 months
Interest rate=13-24%
Loan processing fees: Upto 3% on loan amount
Documentation charges: Upto Rs 5000
Axis Bank Interest Rates
Tenure= 12-60 months
Interest rate=15.50-24%
Loan processing fees: 1.50% to 2.00% + Service Tax as applicable
HSBC
Tenure= 12-60 months
Interest rates: 13.5- 17.5% p.a.
Processing fee: upto 1% of the disbursed loan amount
Prepayment Charge : 4% of the principal outstanding
More From GoodReturns
New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?
LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged
Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?
Gas Cylinder Booking Rules: 5 Things To Know For Your 14.2Kg, 19KG, 5KG, 10KG LPG Booking In April 2026
Gold Rate Today Continues Rally, 24K Jumps Over Rs 35000 in 2 Days; 22K & 18K Gold, Silver Prices in Delhi
Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya
Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April
Gold Price Today, April 3: 22K, 24K Rates Jump Across Tanishq, Malabar, Kalyan & Joyalukkas & IBJA
5 New Shares On One Soon: Anil Agarwal's Vedanta Demerger To Take Place in April, Says Report
Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March
Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis
Sign in with Google