Planning to avail a personal loan in 2025? It's the right time to compare the top personal loan interest rates. Banks are now offering competitive interest rates, as low as 9.99% per annum, depending on your credit score, income, and repayment track.

What Is a Personal Loan?

A personal loan is money you borrow from a bank or financial institution to spend on yourself like paying off other debts, medical bills, home renovations, or even a holiday. A personal loan is different from a home or car loan in that it's usually unsecured, i.e., you don't have to give any asset as security.

Best Personal Loan Interest Rates (2025)

Following are some of the personal loan interest rates in banks this month:-

1. HDFC Bank – From 9.99% p.a.

2. ICICI Bank – From 10.25% p.a.

3. Axis Bank – From 10.49% p.a.

4. State Bank of India (SBI) – From 10.40% p.a.

5. Kotak Mahindra Bank – From 10.75% p.a.

The above mentioned rates are subject to change depending on your credit score, loan size, and repayment duration. Borrowers with a good credit track record and steady income tend to get the lowest rates.

Tips to Get the Best Rate

• Keep a good credit score – Target 750 and higher.

• Compare lenders – Don't accept the initial offer.

• Have your documents ready – Quick approval, higher chances.

• Opt for short tenure if possible – Lowers total interest paid.

Conclusion

Whether you're going to spend a lot or have to settle your debts more effectively, now is the time to shop for the most effective personal loan interest rates of 2025. Compare and choose the bank that offers you the best deal for your financial needs.