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Introduction
Comparing interest rates across banks is the best way to find a low-cost loan. That’s why many users search for personal loan interest rates of all banks in India.
Different banks offer different rates based on your profile, and even a small difference can impact your EMI significantly.
In this guide, you will find a complete list of major banks and their interest rates in 2026.
📊 Personal Loan Interest Rates – Bank List
🏦 Public Sector Banks
- State Bank of India → 10.30% – 15.50%
- Punjab National Bank → 10.40% – 16%
- Bank of Baroda → 10.50% – 17%
🏦 Private Sector Banks
- HDFC Bank → 10.50% – 24%
- ICICI Bank → 10.75% – 22%
- Axis Bank → 10.50% – 22%
📈 Comparison Table
| Bank | Interest Rate | Category |
|---|---|---|
| SBI | Lowest | Public |
| PNB | Low | Public |
| HDFC | Medium | Private |
| ICICI | Medium | Private |
💰 What is a Good Interest Rate?
👉 In 2026:
- 10% – 12% → Excellent
- 12% – 16% → Good
- 16%+ → Expensive
⚡ Factors Affecting Your Rate
- Credit score
- Income
- Employment type
- Loan amount
- Loan tenure
💡 Tips to Get Lowest Rate
✅ Maintain credit score 750+
✅ Compare multiple banks
✅ Choose shorter tenure
✅ Apply through salary account
✅ Reduce existing debt
⚠️ Important Notes
❌ Rates are indicative
❌ Final rate depends on profile
❌ Banks may change rates
🔐 Regulation
Interest rates are influenced by policies of the
Reserve Bank of India.
🔗 Internal Linking (IMPORTANT)
👉 Link this article to:
- Cheapest loan article
- Lowest EMI article
- Bank-specific articles
- Pillar page
👉 Strengthens SEO authority.
🧠 Why This Article is Powerful
This content:
- High search demand
- Featured snippet potential
- Strong authority signal
- Drives traffic to money pages
🚫 Common Mistakes to Avoid
- Not comparing banks
- Ignoring total loan cost
- Choosing long tenure
- Borrowing unnecessarily
🔚 Conclusion
The personal loan interest rates of all banks in India in 2026 vary based on your profile and the lender you choose. Public sector banks generally offer lower rates, while private banks provide faster approval and convenience.
Always compare rates before applying.
