Taking a personal loan in 2025 has become easier, but choosing the right bank and interest rate is crucial. Leading banks like HDFC, ICICI, and SBI have revised their loan interest rates. These changes are based on market conditions and RBI guidelines. Let’s find out which bank offers the most affordable personal loan in 2025.
Personal Loan Interest Rates by Bank (2025)
Bank Name | Interest Rate (Annual) | Processing Fee |
---|---|---|
HDFC Bank | 9.5% – 15% | 2% – 3% |
ICICI Bank | 10% – 16% | 1.5% – 2.5% |
SBI | 9% – 14% | 1% – 2% |
Axis Bank | 10.5% – 17% | 2% – 3% |
Kotak Mahindra | 11% – 18% | 1.5% – 3% |
How to Choose the Right Bank?
Before taking a personal loan, compare interest rates and processing fees. SBI is offering the lowest interest rate (starting at 9%), making it a better option for the middle class. On the other hand, HDFC and ICICI Bank provide better service and flexibility. If your credit score is good, you may qualify for a lower interest rate.
Taking a personal loan in 2025 is convenient, but selecting the right bank is essential. Compare the interest rates and fees of banks like SBI, HDFC, and ICICI, and choose a loan that suits your needs. Remember to calculate the EMI and tenure before finalizing the loan.