If you are considering applying for a personal loan this month, comparing interest rates can have a significant impact on your total borrowing cost. Even a slight variation in rates can result in substantial savings over the loan term.
Interest rates are subject to change periodically, so it is advisable to check the most up-to-date figures before proceeding with your loan application. Here is an overview of the current offerings from India’s top five banks in December 2025.
ICICI Bank provides personal loans with interest rates ranging from 10.45% to 16.50%, along with a processing fee of 2%. The final rate is dependent on factors such as income, credit history, and the loan amount.
HDFC Bank is currently offering personal loans to salaried individuals at rates between 9.99% and 24%, with a processing fee of Rs 6,500 plus GST.
Kotak Mahindra Bank offers personal loans starting from 10.99%, with processing fees that can go up to 5% of the loan amount, deducted at the disbursal stage.
State Bank of India (SBI) maintains its interest rates between 10.05% and 15.05%, making it a popular choice among salaried borrowers.
Union Bank of India provides personal loans at interest rates ranging from 10.75% to 14.45%, offering another reliable option for borrowers seeking public sector financing.
It is essential for borrowers to compare loan options before making a decision. Apart from interest rates, factors such as processing fees and repayment flexibility should also be taken into consideration. Spending a few minutes comparing different offers can result in a more cost-effective borrowing choice.