One of the most common ways to deal with pressing financial needs is through personal loans, whether they are related to travel, education, weddings, or medical bills. The key query, however, is which bank offers the lowest interest rate on personal loans in 2025, given the wide range of interest rates offered by banks.
Let’s dissect it and learn more.
The interest rate has a direct effect on your monthly repayment amount (your EMI) when you take out a personal loan. Over the course of the loan, you can save thousands of rupees with even a 0.5% difference in interest rates. Therefore, before applying, it makes sense to check the bank with the lowest interest rate.
Here are some of the most affordable personal loan rates provided by leading Indian banks, based on the most recent updates:
With rates below ten percent, Canara Bank and Axis Bank are currently at the top of the charts in August 2025. But earlier in the year, Bank of Maharashtra and Bandhan Bank were also formidable competitors.
Despite the fact that banks advertise “beginning rates,” the rate you receive is determined by:
A person with a credit score of more than 750, for instance, might be eligible for the lowest bracket, whereas others might receive a higher slab.
Therefore, if you’re wondering, “Which bank in India offers the lowest interest rate on personal loans?” — The response is:
Always compare offers, figure out EMIs, and bargain with the bank before applying. Over the course of the loan period, a little research can save you a lot of money.
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