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.

How to read this. These are advertised starting rates for the strongest applicants — a credit score above 750, stable income and a clean repayment record. Your offer depends on your profile, and the spread over the benchmark is often negotiable even when the benchmark is not. Rates change frequently; confirm directly with the lender.
Home LoanPersonal LoanCar LoanBusiness LoanGold LoanLoan Against PropertyEducation LoanTwo Wheeler Loan

Home Loan interest rates

Calculate EMI

Floating rates linked to the RBI repo rate. Women applicants often get a 0.05% concession.

LenderStarting rate (p.a.)Processing feeMax tenure
SBI7.95%Up to 0.35% (min ₹2,000)30 years
HDFC Bank8.05%Up to 0.50% or ₹3,30030 years
ICICI Bank8.10%0.50% or ₹3,00030 years
Bank of Baroda7.95%Up to 0.50%30 years
Axis Bank8.35%Up to 1%30 years
Kotak Mahindra8.15%Up to 0.50%25 years
LIC Housing Finance8.20%Up to 0.25%30 years
Punjab National Bank8.00%Up to 0.35%30 years

Personal Loan interest rates

Calculate EMI

Rates are set almost entirely by your credit score and employer category.

LenderStarting rate (p.a.)Processing feeMax tenure
HDFC Bank10.50%Up to 2.5%6 years
ICICI Bank10.80%Up to 2%6 years
SBI10.90%Up to 1.5%6 years
Axis Bank11.10%Up to 2%5 years
Kotak Mahindra10.99%Up to 3%6 years
IDFC First Bank10.99%Up to 2%5 years
Bajaj Finserv11.00%Up to 3.93%8 years
Tata Capital11.99%Up to 3%6 years

Car Loan interest rates

Calculate EMI

Secured against the vehicle, so rates sit close to home loan territory.

LenderStarting rate (p.a.)FundingMax tenure
SBI8.75%Up to 90% on-road7 years
HDFC Bank8.80%Up to 100% ex-showroom7 years
ICICI Bank8.85%Up to 100% ex-showroom7 years
Bank of Baroda8.75%Up to 90% on-road7 years
Axis Bank9.15%Up to 95% ex-showroom8 years
Kotak Mahindra8.99%Up to 95% ex-showroom7 years

Business Loan interest rates

Calculate EMI

Unsecured facilities are priced on turnover, vintage and banking conduct.

LenderStarting rate (p.a.)Max amountMax tenure
HDFC Bank13.00%₹75 lakh4 years
ICICI Bank13.50%₹2 crore7 years
Axis Bank14.00%₹75 lakh5 years
Bajaj Finserv14.00%₹80 lakh8 years
Tata Capital14.50%₹90 lakh5 years
IDFC First Bank13.99%₹1 crore5 years

Gold Loan interest rates

Calculate EMI

RBI caps the loan-to-value at 75% of assessed gold value for most gold loans.

LenderStarting rate (p.a.)Max LTVMax tenure
SBI8.90%75%3 years
Bank of Baroda9.15%75%3 years
HDFC Bank9.50%75%2 years
ICICI Bank9.90%75%2 years
Muthoot Finance12.00%75%3 years
Manappuram Finance12.50%75%2 years

Loan Against Property interest rates

Calculate EMI

Funding is 50–70% of the lender's own valuation, not your asking price.

LenderStarting rate (p.a.)Max LTVMax tenure
SBI9.25%65%15 years
HDFC Bank9.50%65%15 years
ICICI Bank9.75%70%15 years
Axis Bank10.50%60%20 years
Bajaj Finserv10.00%70%15 years

Education Loan interest rates

Calculate EMI

Loans up to ₹7.5 lakh need no collateral under the CGFSEL guarantee scheme.

LenderStarting rate (p.a.)Collateral-free up toMax tenure
SBI8.50%₹7.5 lakh15 years
Bank of Baroda8.55%₹7.5 lakh15 years
Punjab National Bank8.60%₹7.5 lakh15 years
HDFC Credila9.50%Case by case15 years
Axis Bank9.75%₹7.5 lakh15 years

Two Wheeler Loan interest rates

Calculate EMI

Dealership schemes usually quote a flat rate — convert it before comparing.

LenderStarting rate (p.a.)FundingMax tenure
SBI9.70%Up to 85%4 years
HDFC Bank10.75%Up to 100%4 years
Axis Bank10.80%Up to 95%3 years
Bajaj Auto Finance11.50%Up to 100%5 years
IDFC First Bank11.00%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.

Check the true cost