If you are looking for the best personal loan banks in India, the right choice truly depends on you—your income, your credit score, and your financial needs. Major banks like SBI, HDFC Bank, ICICI Bank, Axis Bank, and IndusInd Bank offer attractive loan options with flexible repayment tenures.
Which Bank Is the Best Personal Loan Banks in India 2025
Many banks today provide personal loans with exciting benefits and flexible features. However, the best bank for a personal loan depends on several important factors—such as the interest rate offered, your employment status, your credit score, and the type of existing loans you may already have.
To help you choose wisely, here’s a list of some of the most popular banks currently offering personal loans in India:
| Bank | Interest Rate | Loan Amount | Repayment Tenure |
| State Bank of India (SBI) | 9.60%–15.65% | ₹10,000 to ₹20 Lakhs | 12–72 months |
| ICICI Bank | 10.75% – 19% | ₹50,000 to ₹50 Lakhs | 12–72 months |
| HDFC Bank | 10.5%–21% | ₹50,000 to ₹40 Lakhs | 12–60 months |
| IndusInd Bank | 10.49%–31.50% | ₹30,000 to ₹50 Lakhs | 12–60 months |
| Axis Bank | 10.49%–22% | ₹50,000 to ₹40 Lakhs | 12–60 months |
In simple words: The “best” personal loan bank will always depend on your financial profile. If your income is stable and your credit score is high, you can negotiate for higher loan amounts and lower interest rates. On the other hand, if your credit score is low, you may still get a loan—but at higher interest rates.
Which banks in India offer personal loans to those with low credit scores?
Most banks in India offer personal loans packed with attractive features and benefits. However, the challenge arises for individuals with a low credit score, because banks generally prioritize applicants with scores above 700. The higher your score, the better your chances of getting a lower interest rate.
But don’t lose hope! If you already share a good relationship with your bank, you may still qualify for a personal loan even with a lower credit score.
In such cases, exploring alternatives like peer-to-peer lending, secured loans, NBFCs, or trusted private lenders such as MoneyView can be a smarter move.
Other Alternatives to Personal Loans from Banks
If you’re unable to secure a personal loan from a traditional bank, don’t worry—there are plenty of other options available.
Have you considered applying through reliable lenders like IDFC? These loans not only come with affordable rates but also offer quick disbursal within 24 hours, minimal documentation, and complete convenience—giving you financial support when you need it the most.
Conclusion
Yes, there are many banks in India that provide personal loans—but which one is the best for you?
Your eligibility, income, the required loan amount, and the reason for borrowing will all play a role in that.
Top banks like SBI, ICICI Bank, HDFC Bank, Axis Bank, and IndusInd Bank are known for offering personal loans with competitive rates and reliable services.
However, if you are exploring alternative lending options, IDFC can be a great choice. Simply visit their website or download the app and apply today—it’s fast, simple, and convenient!
No Credit Check Loans Guaranteed Approval: What You Need to Know
Frequently Asked Questions (FAQs)
How much may I borrow as a maximum loan amount?
Each bank sets its own lending limits depending on customer profiles. Based on your eligibility and financial requirements, you can choose the right personal loan.
How can I apply for a personal loan?
Most banks and lenders offer simple online applications. You simply need to fill out the form, upload the required documents, and wait for approval.
When will the loan be credited to my account?
If all documents are in place and your application is approved, many lenders disburse the loan within 24–48 hours.
Will I receive the full loan amount?
Yes, you will typically get the entire amount authorized.
So, whether it’s through a bank or a trusted private lender, remember that your financial dreams are always within reach—you need to pick the right path.