PERSONAL LOAN INTEREST RATE

Personal loan interest rates in India as of July 2025 generally range from around 9% to 24% per annum, depending on the lender and the borrower’s credit profile. For example, Bank of Maharashtra offers rates starting at 9%, while many banks like HDFC Bank and ICICI Bank typically have rates between 10.8% and 16.65%. Interest rates are influenced by factors such as credit score, loan amount, tenure, and the lender’s policies. Many banks offer floating rates linked to benchmarks like MCLR, which can change over time. Borrowers with good credit scores and strong financial backgrounds may qualify for the lowest rates, making it crucial to compare offers before applying