Top 5 banks charge THESE interest rates on personal loans in February 2025

While making budgetary announcements in 2025, Finance Minister Nirmala Sitharaman expressed several important statements that could stimulate economy and reduce the financial burden on citizens. One of the significant announcements was the increase to the limit of the income tax Rebate—there would be no income tax on yearly earnings up to ₹12 lakh after adjusting for the ₹75,000 statutory deduction.

One such announcement was the enhancement of the limit of interest subvention scheme for Kisan Credit Card to ₹5 lakhs. Now on the question of personal loan it is clear that the interest rates charged by different lenders is not large, still even a small difference of 25 or 50 basis points can make a substantial difference over a long period of time as the loan is repaid through EMIs.

It is also crucial to note that interest rates on personal loans vary from one lender to another. It is influenced primarily by factors such as credit score, employment type, annual income, and existing bank relationships, past credit history among other associated factors.

Below is a comparison of personal loan interest rates offered by the top 5 banks in India for the month of February 2025, ranked from the lowest to the highest rate:-

Top banks with the lowest personal loan interest rates in 2025

Hence, by staying informed and comparing options, you can ensure your personal loan fits your needs without stretching your finances. It is advised for borrowers to consider speaking to the customer service of the respective banks to gain clarity on further details as interest rates are bound to change according to the policies of the bank or lending institution. The list shared above is indicative only.

(Note: Raising a loan comes with its own risks. So, due caution is advised)