Quick Funds for Every Need
Unsecured personal loans starting at 9.50% p.a.* No collateral, no guarantor. Disbursal in as little as 24 hours. Use for weddings, medical needs, travel, or debt consolidation.
Personal Loan Eligibility
Get instant quotes from top lenders at 10.99% p.a.
What Is a Personal Loan?
A personal loan is an unsecured credit facility that doesn't require any collateral or guarantor. Banks and NBFCs approve it based on your income, credit score, and repayment capacity. You can use it for virtually any purpose — from medical emergencies and weddings to home renovation and travel. Repayment happens through fixed monthly EMIs over a tenure of 1 to 8 years.
Quick Disbursal by Lender
Most lenders process and disburse personal loans within 24 to 48 hours of approval.
No Collateral Needed
Completely unsecured — no property, FD, or asset pledge required.
Flexible Tenure
Choose a repayment period from 12 months to 96 months based on your budget.
Minimal Documentation
Most banks offer a paperless digital process. Upload documents online and get approved.
Use Your Personal Loan for Any Purpose
Unlike home or car loans, personal loans come with no end-use restriction. Here are the most common reasons people borrow.
Wedding
Medical
Travel
Education
Home Renovation
Debt Consolidation
Calculate Your Personal Loan EMI
Slide the loan amount, interest rate, and tenure to estimate your monthly EMI and total cost of borrowing.
Personal Loan EMI CalculatorInstant Estimate
Lowest Available Rate
9.50%*
Axis Bank currently offers personal loans starting at 9.50% p.a. for salaried individuals with a CIBIL score of 750+. HDFC Bank, ICICI Bank, and IDFC FIRST Bank follow closely at 9.99% p.a. Your actual rate depends on your income, employer category, credit score, and existing relationship with the bank.
CIBIL Score
750+ gets you the lowest rates across banks
Employer Category
MNC & govt employees get preferential pricing
Existing Relationship
Salary account holders get 0.25–0.75% discount
Loan Amount
Higher amounts may attract better rates at some banks
Compare Personal Loan Interest Rates — March 2026
Side-by-side comparison of interest rates, maximum loan amounts, and tenures from top banks and NBFCs in India.
| Lender | Interest Rate (p.a.) | Max Amount | Max Tenure | Action |
|---|---|---|---|---|
Axis Bank Private Bank | 9.50% - 21.55% | ₹40 Lakh | 7 Years | Apply |
HDFC Bank Private Bank | 9.99% - 24.00% | ₹50 Lakh | 6 Years | Apply |
ICICI Bank Private Bank | 9.99% - 16.50% | ₹50 Lakh | 6 Years | Apply |
IDFC FIRST Bank Private Bank | 9.99% onwards | ₹15 Lakh | 5 Years | Apply |
State Bank of India Public Sector Bank | 10.05% - 15.05% | ₹35 Lakh | 6 Years | Apply |
Bank of Baroda Public Sector Bank | 10.15% - 18.75% | ₹20 Lakh | 7 Years | Apply |
Bajaj Finserv NBFC | 10.00% - 30.00% | ₹55 Lakh | 8 Years | Apply |
IndusInd Bank Private Bank | 10.49% - 32.00% | ₹50 Lakh | 7 Years | Apply |
Kotak Mahindra Bank Private Bank | 10.99% - 24.00% | ₹40 Lakh | 6 Years | Apply |
Tata Capital NBFC | 10.99% - 29.99% | ₹35 Lakh | 6 Years | Apply |
Personal Loan Eligibility Criteria
General requirements followed by most banks. Criteria may vary slightly across lenders and employment types.
| Age | 21 to 60 years (salaried) | 25 to 65 years (self-employed) |
| Minimum Income (Salaried) | ₹15,000 to ₹25,000 net monthly salary (varies by city and lender) |
| Minimum Income (Self-Employed) | Stable annual income with ITR for last 2–3 years |
| CIBIL Score | 650+ for approval | 750+ for the best interest rates |
| Employment Stability | Minimum 1–2 years total experience; 6+ months with current employer |
| EMI-to-Income Ratio | Total EMIs (including new loan) should not exceed 50% of net monthly income |
| Nationality | Indian resident. NRIs eligible with select lenders under specific schemes. |
| Collateral | Not required — personal loans are fully unsecured |
Personal Loan Fees & Charges
Additional costs to keep in mind when comparing personal loan offers.
Processing Fee
0.5% to 4% of loan amount, varying by lender. PSBs typically charge less than private banks.
Prepayment Charges
Nil on floating-rate loans (RBI rule from Jan 2026). Fixed-rate loans may attract 2–5% penalty.
Insurance
Credit life insurance often bundled. Premiums range from 0.5% to 1% of the loan amount.
Late Payment
Penal interest of 1–2% p.a. on overdue EMIs. Also impacts your CIBIL score.
Documents Required for Personal Loan
Keep these documents ready to ensure quick processing of your loan application.
Personal Loans Available Across India
Apply from anywhere. We serve borrowers across all major cities and Tier-2 towns through our 50+ lending partners.
Mumbai
Financial Capital
Delhi NCR
Highest Demand
Bangalore
Tech Hub
Hyderabad
IT Corridor
Chennai
South India
Pune
Growing Market
How to Apply for a Personal Loan
A simple 5-step process. Most lenders respond within hours, not days.
Check Eligibility
Enter basic details on TatvaMoney — soft inquiry, no impact on your CIBIL score.
Compare Offers
See personalized rates from 50+ lenders side by side. Pick the best deal.
Upload Documents
Digital KYC — upload PAN, Aadhaar, salary slips, and bank statements online.
Lender Approval
Lender verifies your profile and issues approval. Often within same day.
Disbursal
Funds transferred directly to your bank account. As fast as 24 hours.
What Our Borrowers Say
"Needed ₹5 lakh urgently for my sister's wedding. TatvaMoney helped me compare 8 offers and I got approved at 10.49% from Axis Bank. Funds hit my account within 26 hours."
"During a medical emergency, speed was everything. The entirely digital process saved me multiple bank visits. Got ₹3 lakh disbursed with minimal paperwork."
"I consolidated ₹4 lakh of credit card debt into a personal loan at 11.5%. Went from paying 36% interest to 11.5% — saving over ₹45,000 in a year. Smart move."
Ready to Get Your Personal Loan?
Compare rates from 50+ lenders, check eligibility without affecting your CIBIL score, and get funds in 24 hours.