Best Personal Loan Interest Rates in India — April 2026
HDFC and Axis Bank offer the lowest personal loan rates at 10.50% p.a. for salaried customers with CIBIL 750+. SBI charges 11.00%, while HDFC and ICICI charge 10.50–10.75%. Actual rates depend heavily on credit score, employer category, and monthly income. Use the EMI calculator to compare total cost.
Last updated: April 6, 2026
Best Personal Loan Banks — Ranked April 2026
#1Best pick
HDFC10.50%
Lowest rate
#2
Axis10.50%
Competitive
#3
ICICI10.75%
Competitive
#4
IDFC First10.75%
Competitive
#5
Kotak10.99%
Competitive
#6
SBI11.00%
Competitive
#7
Yes Bank11.00%
Competitive
#8
Bank of Baroda11.40%
Competitive
#9
PNB11.50%
Higher rate — check if processing fee offsets
#10
Canara11.50%
Higher rate — check if processing fee offsets
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Calculate your EMI →Frequently Asked Questions
What is the lowest personal loan interest rate in India 2026?+
HDFC and Axis Bank offer 10.50% p.a. for salaried customers with excellent credit. Government employees through SBI can sometimes get 10.25% under special schemes.
Does personal loan affect CIBIL score?+
Yes. A personal loan inquiry lowers CIBIL by 5-10 points temporarily. Once disbursed and repaid on time, it improves your credit mix and score over 12-18 months.
Can I get a personal loan without salary slip?+
SBI and PSU banks accept ITR + bank statements for self-employed. Private banks typically require 3 months salary slips for salaried applicants.
Disclaimer: Rates are indicative as of April 2026 and subject to change. This is for informational purposes only. Verify with the bank before making financial decisions.