Personal loans remain a popular financial tool for debt consolidation, home improvements, medical expenses, and other major expenses. In 2025, lenders are offering competitive rates, flexible terms, and faster approvals than ever before.
This guide compares the best personal loan
lenders of 2025, including banks, NBFCs (Non-Banking Financial Companies),
and online platforms. We’ll break down interest rates, eligibility criteria,
and application tips to help you secure the best deal.
Top Personal Loan Lenders in 2025
1. HDFC Bank
Interest Rate: 10.50%
– 21.00% p.a.
Loan Amount: ₹50,000 – ₹40 Lakhs
Repayment Tenure: 12 – 84 months
Key Features:
- Instant
approval for pre-approved customers
- Minimal
documentation for salaried individuals
- Flexible
repayment options
Eligibility:
- Minimum
salary: ₹25,000/month (salaried)
- CIBIL
score: 750+
- Age:
21 – 60 years
Application Tip: Check
for pre-approved offers via NetBanking or the HDFC app for faster processing.
2. ICICI Bank
Interest Rate: 10.75%
– 19.00% p.a.
Loan Amount: ₹50,000 – ₹50 Lakhs
Repayment Tenure: 12 – 72 months
Key Features:
- Same-day
disbursement for eligible applicants
- No
prepayment penalty after 12 EMIs
- Competitive
rates for existing customers
Eligibility:
- Monthly
income: ₹25,000+ (salaried)
- CIBIL
score: 700+
- Work
experience: 2+ years
Application Tip: Apply
online through the ICICI website for quick approval.
3. Bajaj Finserv (NBFC)
Interest Rate: 11.00%
– 35.00% p.a.
Loan Amount: ₹1 Lakh – ₹50 Lakhs
Repayment Tenure: 12 – 96 months
Key Features:
- High
loan amounts (up to ₹50 Lakhs)
- Flexible
tenure options
- Instant
e-approval
Eligibility:
- Salaried:
₹25,000+ monthly income
- Self-employed:
₹3 Lakhs+ annual income
- CIBIL
score: 685+
Application Tip: Use
the Bajaj Finserv app for a paperless process and quick disbursal.
4. Axis Bank
Interest Rate: 10.49%
– 22.00% p.a.
Loan Amount: ₹50,000 – ₹40 Lakhs
Repayment Tenure: 12 – 60 months
Key Features:
- Low
processing fees
- Balance
transfer facility
- Special
discounts for women borrowers
Eligibility:
- Age:
21 – 60 years
- Salary:
₹15,000+ (metro cities)
- CIBIL
score: 700+
Application Tip: Existing
Axis Bank customers get preferential rates.
5. KreditBee (Online Platform)
Interest Rate: 12.00%
– 29.95% p.a.
Loan Amount: ₹5,000 – ₹5 Lakhs
Repayment Tenure: 3 – 24 months
Key Features:
- Instant
approval for small loans
- No
collateral required
- Minimal
documentation
Eligibility:
- Age:
21 – 50 years
- Monthly
income: ₹10,000+
- Credit
score: 600+
Application Tip: Best
for urgent small loans with quick disbursal.
6. Tata Capital (NBFC)
Interest Rate: 10.99%
– 24.00% p.a.
Loan Amount: ₹75,000 – ₹35 Lakhs
Repayment Tenure: 12 – 72 months
Key Features:
- Customized
repayment plans
- Low
processing fees
- Fast
approval for existing customers
Eligibility:
- Salaried:
₹20,000+ monthly income
- Self-employed:
₹2.5 Lakhs+ annual income
- CIBIL
score: 750+
Application Tip: Check
for pre-approved offers via the Tata Capital app.
7. MoneyTap (Fintech Lender)
Interest Rate: 12.00%
– 26.00% p.a.
Loan Amount: ₹3,000 – ₹10 Lakhs
Repayment Tenure: 2 – 36 months
Key Features:
- Credit
line facility
- Interest
charged only on used amount
- No
prepayment charges
Eligibility:
- Age:
23 – 55 years
- Salary:
₹20,000+
- Credit
score: 650+
Application Tip: Ideal
for those needing flexible credit access.
Comparison of Interest Rates (2025)
|
Lender |
Interest Rate (p.a.) |
Loan Amount |
Processing Fee |
|
HDFC Bank |
10.50% – 21.00% |
₹50K – ₹40L |
Up to 2.5% |
|
ICICI Bank |
10.75% – 19.00% |
₹50K – ₹50L |
Up to 2.25% |
|
Bajaj Finserv |
11.00% – 35.00% |
₹1L – ₹50L |
Up to 3.5% |
|
Axis Bank |
10.49% – 22.00% |
₹50K – ₹40L |
Up to 2% |
|
KreditBee |
12.00% – 29.95% |
₹5K – ₹5L |
1% – 5% |
|
Tata Capital |
10.99% – 24.00% |
₹75K – ₹35L |
Up to 2.75% |
|
MoneyTap |
12.00% – 26.00% |
₹3K – ₹10L |
1% – 3% |
How to Choose the Best Personal Loan in
2025?
1.
Compare Interest Rates –
Even a 0.5% difference can save thousands over the loan tenure.
2.
Check Processing Fees –
Some lenders charge up to 3.5% of the loan amount.
3.
Prepayment Penalty –
Opt for lenders with no or low foreclosure charges.
4.
Loan Tenure –
Longer tenures reduce EMI but increase interest costs.
5.
Credit Score Impact –
Multiple loan applications can hurt your CIBIL score.
Conclusion
The best personal loan in 2025 depends on your credit
score, income, and repayment capacity. Compare lenders, negotiate rates, and
read the fine print before signing. With the right approach, you can secure a
low-interest personal loan with minimal hassle.
Need a loan? Check your eligibility today
and apply online for the best rates! 🚀