Loan interest rates in India
Indicative starting rates across major banks and NBFCs, so you know what a fair quote looks like before you walk in.
Home Loan interest rates
Calculate EMIFloating rates linked to the RBI repo rate. Women applicants often get a 0.05% concession.
| Lender | Starting rate (p.a.) | Processing fee | Max tenure |
|---|---|---|---|
| SBI | 7.95% | Up to 0.35% (min ₹2,000) | 30 years |
| HDFC Bank | 8.05% | Up to 0.50% or ₹3,300 | 30 years |
| ICICI Bank | 8.10% | 0.50% or ₹3,000 | 30 years |
| Bank of Baroda | 7.95% | Up to 0.50% | 30 years |
| Axis Bank | 8.35% | Up to 1% | 30 years |
| Kotak Mahindra | 8.15% | Up to 0.50% | 25 years |
| LIC Housing Finance | 8.20% | Up to 0.25% | 30 years |
| Punjab National Bank | 8.00% | Up to 0.35% | 30 years |
Personal Loan interest rates
Calculate EMIRates are set almost entirely by your credit score and employer category.
| Lender | Starting rate (p.a.) | Processing fee | Max tenure |
|---|---|---|---|
| HDFC Bank | 10.50% | Up to 2.5% | 6 years |
| ICICI Bank | 10.80% | Up to 2% | 6 years |
| SBI | 10.90% | Up to 1.5% | 6 years |
| Axis Bank | 11.10% | Up to 2% | 5 years |
| Kotak Mahindra | 10.99% | Up to 3% | 6 years |
| IDFC First Bank | 10.99% | Up to 2% | 5 years |
| Bajaj Finserv | 11.00% | Up to 3.93% | 8 years |
| Tata Capital | 11.99% | Up to 3% | 6 years |
Car Loan interest rates
Calculate EMISecured against the vehicle, so rates sit close to home loan territory.
| Lender | Starting rate (p.a.) | Funding | Max tenure |
|---|---|---|---|
| SBI | 8.75% | Up to 90% on-road | 7 years |
| HDFC Bank | 8.80% | Up to 100% ex-showroom | 7 years |
| ICICI Bank | 8.85% | Up to 100% ex-showroom | 7 years |
| Bank of Baroda | 8.75% | Up to 90% on-road | 7 years |
| Axis Bank | 9.15% | Up to 95% ex-showroom | 8 years |
| Kotak Mahindra | 8.99% | Up to 95% ex-showroom | 7 years |
Business Loan interest rates
Calculate EMIUnsecured facilities are priced on turnover, vintage and banking conduct.
| Lender | Starting rate (p.a.) | Max amount | Max tenure |
|---|---|---|---|
| HDFC Bank | 13.00% | ₹75 lakh | 4 years |
| ICICI Bank | 13.50% | ₹2 crore | 7 years |
| Axis Bank | 14.00% | ₹75 lakh | 5 years |
| Bajaj Finserv | 14.00% | ₹80 lakh | 8 years |
| Tata Capital | 14.50% | ₹90 lakh | 5 years |
| IDFC First Bank | 13.99% | ₹1 crore | 5 years |
Gold Loan interest rates
Calculate EMIRBI caps the loan-to-value at 75% of assessed gold value for most gold loans.
| Lender | Starting rate (p.a.) | Max LTV | Max tenure |
|---|---|---|---|
| SBI | 8.90% | 75% | 3 years |
| Bank of Baroda | 9.15% | 75% | 3 years |
| HDFC Bank | 9.50% | 75% | 2 years |
| ICICI Bank | 9.90% | 75% | 2 years |
| Muthoot Finance | 12.00% | 75% | 3 years |
| Manappuram Finance | 12.50% | 75% | 2 years |
Loan Against Property interest rates
Calculate EMIFunding is 50–70% of the lender's own valuation, not your asking price.
| Lender | Starting rate (p.a.) | Max LTV | Max tenure |
|---|---|---|---|
| SBI | 9.25% | 65% | 15 years |
| HDFC Bank | 9.50% | 65% | 15 years |
| ICICI Bank | 9.75% | 70% | 15 years |
| Axis Bank | 10.50% | 60% | 20 years |
| Bajaj Finserv | 10.00% | 70% | 15 years |
Education Loan interest rates
Calculate EMILoans up to ₹7.5 lakh need no collateral under the CGFSEL guarantee scheme.
| Lender | Starting rate (p.a.) | Collateral-free up to | Max tenure |
|---|---|---|---|
| SBI | 8.50% | ₹7.5 lakh | 15 years |
| Bank of Baroda | 8.55% | ₹7.5 lakh | 15 years |
| Punjab National Bank | 8.60% | ₹7.5 lakh | 15 years |
| HDFC Credila | 9.50% | Case by case | 15 years |
| Axis Bank | 9.75% | ₹7.5 lakh | 15 years |
Two Wheeler Loan interest rates
Calculate EMIDealership schemes usually quote a flat rate — convert it before comparing.
| Lender | Starting rate (p.a.) | Funding | Max tenure |
|---|---|---|---|
| SBI | 9.70% | Up to 85% | 4 years |
| HDFC Bank | 10.75% | Up to 100% | 4 years |
| Axis Bank | 10.80% | Up to 95% | 3 years |
| Bajaj Auto Finance | 11.50% | Up to 100% | 5 years |
| IDFC First Bank | 11.00% | Up to 95% | 4 years |
A rate is only half the cost
Processing fees can add a full percentage point to what you actually pay. Run the APR calculator on any offer before you accept it.