Best Personal Loans in India 2026
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Check and compare rates from top banks
| Bank | Interest Rate | Processing Fee | Loan Amount | Tenure | CIBIL | Apply |
|---|---|---|---|---|---|---|
State Bank of India
Most Popular
|
10.50% onwards | 0.5% + GST | ₹20 Lakhs | 5 Years | 650+ | Apply |
HDFC Bank
Instant Approval
|
10.75% onwards | 1% + GST | ₹25 Lakhs | 5 Years | 700+ | Apply |
ICICI Bank
Zero Foreclosure
|
11.25% onwards | 1.5% + GST | ₹20 Lakhs | 5 Years | 650+ | Apply |
Axis Bank
Flexible Tenure
|
11.50% onwards | 1% + GST | ₹15 Lakhs | 5 Years | 675+ | Apply |
Kotak Mahindra
Paperless
|
11.99% onwards | 0.99% + GST | ₹15 Lakhs | 5 Years | 650+ | Apply |
Bajaj Finserv
High Amount
|
12.50% onwards | 2% + GST | ₹30 Lakhs | 6 Years | 600+ | Apply |
Personal Loan Eligibility
Find out how much you qualify for in seconds
Documents Required
Minimal documentation for quick approval
Identity Proof
- PAN Card
- Aadhaar Card
- Passport
- Voter ID
Address Proof
- Aadhaar Card
- Passport
- Utility Bills
- Rent Agreement
Income Proof
- Salary Slips (3 months)
- Bank Statements (6 months)
- IT Returns (2 years)
- Form 16
Photographs
- Passport size photos
- 2 copies
- Recent photographs
50+ Banks & NBFCs
We compare loans from all major lenders
Frequently Asked Questions
Everything you need to know about personal loans
What is the minimum CIBIL score required for personal loan?
Most banks require a minimum CIBIL score of 650 for personal loans. However, some NBFCs may consider applications with lower scores but at higher interest rates.
How long does personal loan approval take?
Most banks provide in-principle approval within 5 minutes to 2 hours. Full approval and disbursal typically takes 24-48 hours after document verification.
Can I prepay my personal loan?
Yes, most banks allow prepayment after 6-12 months. Some banks may charge a prepayment penalty of 2-5% of the outstanding amount.
What is the maximum personal loan amount I can get?
Personal loans are typically available from ₹50,000 to ₹50 lakhs, depending on your income, credit score, and employer profile.
Can I get a personal loan if I'm self-employed?
Yes, many banks offer personal loans to self-employed individuals. You'll need to provide business proof, IT returns, and bank statements for the last 2 years.
What documents are needed for personal loan?
You'll need identity proof (PAN/Aadhaar), address proof, income proof (salary slips/bank statements), and photographs.
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