Top 15 Personal Loan Companies in India (2025): Best Rates, Fast Approval & Trusted Lenders
Personal loans have become one of the most preferred ways to manage urgent and planned expenses—whether it’s a medical emergency, travel, home renovation, education, or debt consolidation. Since these loans come with no end-use restrictions, they offer complete financial flexibility.
But with hundreds of lending apps and banks advertising “instant loans”, choosing a safe and reliable lender is extremely important to avoid fraud, hidden charges, and high-interest rates.
To make your search easier, here is an updated list of the Top 15 Personal Loan Providers in India for 2025, along with their interest rates, loan amounts, features, and suitability.
⭐ What is a Personal Loan?
A personal loan is an unsecured loan where a bank or NBFC provides a lump-sum amount that the borrower repays in fixed EMIs over a chosen tenure.
Key Characteristics
- No collateral required
- Quick approval & instant disbursal
- Fixed tenure (up to 5–7 years)
- Interest rate based on credit score & income
- Can be used for any purpose
A good credit score (700+) helps you get lower rates, higher amounts, and faster approval.
🔝 Top 15 Personal Loan Providers in India (2025)
| Lender | Interest Rate (p.a.) | Loan Amount |
|---|---|---|
| SBI | 10.05% – 15.05% | Up to ₹35 Lakh |
| HDFC Bank | 10.90% – 24.00% | Up to ₹40 Lakh |
| Moneyview | 14.00% onwards | Up to ₹10 Lakh |
| IDBI Bank | 11.00% – 15.50% | ₹25,000 – ₹5 Lakh |
| Axis Bank | 9.90% – 21.55% | ₹50,000 – ₹40 Lakh |
| Indian Overseas Bank | 11.35% – 14.40% | Up to ₹15 Lakh |
| ICICI Bank | 10.60% – 16.50% | Up to ₹50 Lakh |
| HSBC Bank | 9.89% – 14.00% | ₹75,000 – ₹30 Lakh |
| Union Bank of India (Andhra Bank) | 11.25% – 13.25% | Up to ₹15 Lakh |
| UCO Bank | 11.8% onwards | Up to ₹20 Lakh |
| PNB | 11.50% – 17.05% | Up to ₹20 Lakh |
| Canara Bank | Up to 17% | Up to ₹30 Lakh |
| TurboLoan by Cholamandalam | 14% onwards | Up to ₹2.5 Lakh |
| Finance Buddha | 10.99% onwards | Up to ₹75 Lakh |
| Mahindra Finance | From 10.99% | Up to ₹15 Lakh |
🏦 Detailed Overview
1. State Bank of India (SBI)
SBI is one of India’s most trusted banks, offering multiple personal loan variants such as Xpress Credit, Pension Loan, and Xpress Flexi.
- Rates starting at 10.05%
- Loan up to ₹35 Lakh
- Tenure up to 6 years
2. HDFC Bank
HDFC Bank is known for quick approvals and minimal documentation.
- Interest: 10.90% – 24%
- Loan up to ₹40 Lakh
- Ideal for salaried borrowers
3. Moneyview
Moneyview is a popular lending app offering instant digital loans.
- Interest from 14%
- Loan: ₹5,000 to ₹10 Lakh
- 100% paperless
4. IDBI Bank
IDBI Bank is ideal for small loan requirements.
- Processing fee only 1%
- Loan: ₹25,000 – ₹5 Lakh
5. Axis Bank
Axis Bank offers attractive rates and flexible tenure for both salaried and self-employed borrowers.
6. Indian Overseas Bank
IOB is preferred by government and PSU employees.
7. ICICI Bank
ICICI Bank offers high loan limits and easy foreclosure after 12 EMIs.
8. HSBC Bank
HSBC provides personalised MyTerms Credit options with flexible EMIs.
9. Union Bank of India (Andhra Bank)
Union Bank is a strong traditional choice for reliable lending.
10. UCO Bank
UCO Bank offers simple EMI structures ideal for salaried individuals.
11. Punjab National Bank (PNB)
PNB is suitable for mid-income salaried employees seeking moderate loan amounts.
12. Canara Bank
Canara Bank offers special loan variants like Teacher’s Personal Loan.
13. TurboLoan by Cholamandalam
Cholamandalam’s TurboLoan is a fast, digital-first loan option.
14. Finance Buddha
Finance Buddha is a marketplace offering high-value personal loans quickly.
15. Mahindra Finance
Mahindra Finance is widely trusted across rural and semi-urban India.
📌 Important Things to Check Before Taking a Personal Loan
- Interest Rate
- Processing Fees
- Tenure Flexibility
- Foreclosure/Prepayment Charges
- Eligibility Criteria
- Hidden Fees
- Customer Reviews
📝 Final Thoughts
Choosing the right personal loan company is crucial to avoid financial stress. The lenders listed above offer competitive interest rates, quick disbursal, and trustworthy services. Whether you need a small loan of ₹10,000 or a high-value loan of ₹50 Lakh, you can pick the lender that best fits your financial profile.