How to Get Personal Loan in Mumbai: Complete 2025 Guide

Introduction

Mumbai – the financial capital of India – is a city where dreams meet opportunities. But to fulfill these dreams, people often need urgent financial support. Whether you want to manage wedding expenses, medical bills, education costs, or even travel abroad, a personal loan in Mumbai can be the best option.

In this detailed guide, we’ll cover everything: eligibility, documents, top banks/NBFCs, how to apply online/offline, CIBIL score requirements, and even how to get a loan in Mumbai with a low credit score.

Why Choose a Personal Loan in Mumbai?

Quick Access to Funds – Most lenders in Mumbai provide instant or same-day disbursal.
No Collateral Required – Personal loans are unsecured.
Flexible Usage – For marriage, education, travel, debt consolidation, etc.
Easy Online Application – Apply through bank apps or aggregator websites.
Wide Range of Lenders – From HDFC, ICICI, SBI to NBFCs like Bajaj Finserv, Tata Capital, Fullerton India.

Eligibility Criteria for Personal Loan in Mumbai

Every bank/NBFC has different rules, but general eligibility includes:

Age: 21 – 60 years
Employment: Salaried (private/public sector) or self-employed
Monthly Income: Minimum ₹20,000 – ₹30,000 (varies by lender)
Work Experience: Salaried – 1 year minimum; Self-employed – 2 years
CIBIL Score: 700+ preferred, though some lenders allow low CIBIL loans at higher interest rates

Documents Required for Personal Loan in Mumbai

Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID
Address Proof: Electricity bill, Rent Agreement, Passport, Aadhaar
Income Proof: Salary slips (last 3 months), Bank statements (last 6 months), ITR for self-employed
Photograph: Passport size photo
Company ID (if salaried)

Step-by-Step Process to Apply for Personal Loan in Mumbai

1. Check Your CIBIL Score

Before applying, check your CIBIL score. A higher score = higher chances of approval + lower interest.

2. Compare Lenders

Public Sector Banks: SBI, Bank of Baroda, PNB
Private Banks: HDFC, ICICI, Axis
NBFCs: Bajaj Finserv, Tata Capital, Fullerton
FinTech Apps: PaySense, KreditBee, MoneyTap

3. Choose Loan Amount & Tenure

Decide how much loan you need (₹50,000 – ₹50 lakh) and tenure (12 – 60 months).

4. Fill Application Form (Online/Offline)

Visit the bank branch or apply online through websites/apps.

5. Submit Documents & Wait for Verification

Bank verifies your income, job stability, and credit score.

6. Loan Approval & Disbursal

Once approved, loan gets credited into your account within 24–48 hours (sometimes instantly).

Top Banks/NBFCs for Personal Loan in Mumbai (2025)

1. HDFC Bank Personal Loan Mumbai

Loan Amount: ₹50,000 – ₹40 lakh
Interest Rate: 10.5% – 21% p.a.
Processing Fee: Up to 2.5%
Disbursal: Within 24 hours

2. ICICI Bank Personal Loan

Loan Amount: ₹1 lakh – ₹25 lakh
Interest Rate: 11% – 20%
Pre-approved loan offers for existing customers

3. SBI Xpress Credit Loan

Loan Amount: ₹50,000 – ₹20 lakh
Interest Rate: 9.6% onwards
Lower processing fees compared to private banks

4. Axis Bank Personal Loan

Loan Amount: ₹50,000 – ₹40 lakh
Interest Rate: 10.25% – 21%
Online tracking facility

5. Bajaj Finserv

Instant approval loans up to ₹25 lakh
Flexible EMI options
Loans available for low CIBIL customers too

6. Fullerton India

Loan up to ₹25 lakh
Digital KYC and instant approval
Special schemes for self-employed in Mumbai

Personal Loan in Mumbai Without CIBIL / Low Credit Score

Many people in Mumbai struggle with a low CIBIL score. But don’t worry – you can still get a loan.

Options:

NBFCs and FinTech Apps – KreditBee, MoneyTap, PaySense
Gold Loan Instead of Personal Loan – No CIBIL check, secured by gold ornaments
Private Financiers – Higher interest but quick disbursal
Salary Advance Loans – Provided by digital apps and companies

How to Improve Chances of Personal Loan Approval in Mumbai

Maintain a CIBIL score above 700
Keep low credit utilization ratio (<40%)
Don’t apply to multiple banks at once (reduces chances)
Show stable job/income proofs
Opt for shorter loan tenure if EMI affordability is high

Personal Loan Interest Rates in Mumbai (2025 Average)

Public Banks: 9.6% – 14%
Private Banks: 10% – 22%
NBFCs/FinTech: 12% – 30%
Private Lenders: 24% – 36%

FAQs: Personal Loan in Mumbai

Q1. Can I get a personal loan in Mumbai with low salary?
Yes, NBFCs and digital lenders provide loans even with ₹15,000 salary, but interest rates may be higher.

Q2. Which bank gives instant loan in Mumbai?
HDFC, ICICI, Axis, and Bajaj Finserv are popular for instant approval.

Q3. Can I get a loan in Mumbai without CIBIL?
Yes, but options are limited to gold loans, salary advance apps, or high-interest NBFC loans.

Q4. What is the maximum personal loan amount in Mumbai?
Up to ₹50 lakh depending on your income and eligibility.

Q5. How fast can I get a personal loan in Mumbai?
Within 24–48 hours, sometimes instantly for pre-approved customers.

Conclusion

Getting a personal loan in Mumbai is easier than ever in 2025. With multiple banks, NBFCs, and digital platforms, you can apply online, get quick approvals, and meet your financial needs without hassle.

👉 Always compare interest rates, check your eligibility, and borrow only what you can repay.
👉 If your CIBIL is low, improve it or explore alternatives like gold loans.

Mumbai offers plenty of opportunities – and with the right loan, you can achieve your personal goals with financial ease.

How to Get Personal Loan in Maharashtra with Low CIBIL Score – 2025 Guide

Introduction

Getting a personal loan in Maharashtra is already a challenge, and if your CIBIL score is low, it feels almost impossible. Banks generally prefer borrowers with CIBIL 700+, but don’t worry—there are multiple ways to still get a loan approved even with a bad credit history.

In this blog, we’ll explore:

What is CIBIL and why it matters in Maharashtra
Challenges of low CIBIL loan approval
Best banks, NBFCs, and apps that give loans in Maharashtra
Alternative loan options (gold loan, secured loan, salary advance)
Proven tips to increase chances of approval
District-wise insights for Maharashtra

This guide is written for 2025, covering Mumbai, Pune, Nagpur, Nashik, Aurangabad, Solapur, and other districts of Maharashtra.

What is CIBIL Score and Why it Matters for Personal Loan?

CIBIL (Credit Information Bureau India Limited) is India’s top credit rating agency. Your CIBIL score ranges from 300 to 900 and shows your creditworthiness.

750+ = Excellent, easy loan approval
650–749 = Average, approval possible with slightly higher interest
550–649 = Weak, only some NBFCs/FinTech approve
Below 550 = Poor, very limited options, high interest

Banks in Maharashtra (SBI, HDFC, ICICI, Axis, etc.) usually prefer 700+ CIBIL, but NBFCs and private lenders are more flexible.

Challenges of Getting a Personal Loan with Low CIBIL in Maharashtra

Higher Interest Rates – Lenders see you as risky.
Lower Loan Amount – Instead of ₹10 lakh, you may get only ₹1–2 lakh.
More Documentation – Income proof, guarantor, or collateral may be required.
NBFC Dependence – Public banks may reject applications; NBFCs/fintechs become the option.
Longer Processing – Verification is stricter if your CIBIL is low.

Top Ways to Get Personal Loan in Maharashtra with Low CIBIL

1. Approach NBFCs in Maharashtra

NBFCs are more flexible than banks. Some good options:

Bajaj Finserv (Pune HQ, strong presence across Maharashtra)
Fullerton India
Tata Capital
IIFL Finance

They provide loans even at CIBIL 550–650, though at higher rates.

2. Use FinTech Loan Apps

Maharashtra has a huge digital finance adoption. Loan apps like:

KreditBee
MoneyTap
PaySense
EarlySalary (Now Fibe, HQ in Pune)

These apps provide instant loans ₹10,000 – ₹5 lakh even with poor CIBIL.

3. Consider Gold Loan Instead of Personal Loan

Maharashtra has strong gold loan networks. Muthoot Finance, Manappuram, IIFL provide loans against gold jewelry.

No CIBIL check
Instant approval (within 1 hour)
Loan up to 75% of gold value

4. Use a Guarantor or Co-Applicant

If your spouse, parent, or sibling has good CIBIL, you can apply jointly. This improves approval chances in banks like SBI, ICICI, HDFC.

5. Show Strong Income Proof

Even if CIBIL is low, if you show stable income slips or ITR (₹25,000+ per month), lenders in Mumbai, Pune, and Nagpur are more willing to approve.

6. Approach Cooperative Banks in Maharashtra

Local cooperative banks and credit societies are more flexible than big banks.
Examples:

Saraswat Bank
Janata Sahakari Bank
Pune People’s Co-op Bank
Nagpur Nagrik Sahakari Bank

They often provide loans on relationship basis, even if CIBIL is low.

Best Lenders for Low CIBIL Personal Loan in Maharashtra (2025)

Lender	Loan Amount	CIBIL Flexibility	Interest Rate	Disbursal
Bajaj Finserv	₹50,000 – ₹25 lakh	600+ accepted	12–28%	24–48 hrs
Tata Capital	₹75,000 – ₹20 lakh	650+ accepted	11.5–24%	48 hrs
Fullerton India	₹50,000 – ₹25 lakh	580+ accepted	12–30%	1–2 days
KreditBee (App)	₹10,000 – ₹5 lakh	Low CIBIL accepted	18–32%	Instant
MoneyTap (App)	₹5,000 – ₹5 lakh	600+ accepted	15–30%	Same day
Muthoot Finance (Gold Loan)	₹20,000 – ₹50 lakh	No CIBIL check	9–20%	1 hr

District-Wise Loan Availability in Maharashtra

Mumbai & Thane – All major banks, NBFCs, and fintech apps available
Pune – Strong Bajaj Finserv, Fibe, Tata Capital presence
Nagpur – Cooperative banks and NBFCs active
Nashik – Muthoot, Manappuram, and private lenders dominate
Aurangabad & Solapur – Regional cooperative banks are strong options
Kolhapur & Sangli – Gold loans popular due to agriculture base

How to Improve Chances of Getting a Loan in Maharashtra with Low CIBIL

Apply for smaller loan amount first (₹50,000 – ₹2 lakh)
Maintain salary account with the lender bank
Use overdraft or credit line facilities instead of fresh loans
Pay off old pending EMIs/credit cards before applying
Avoid multiple loan applications at the same time

Step-by-Step Loan Application Process

Check your CIBIL score online (free once a year at cibil.com)
Choose the right lender (bank/NBFC/app) based on your profile
Prepare documents – Aadhaar, PAN, Address proof, Income proof
Apply online or visit branch
Verification & approval
Loan disbursal in account

FAQs: Personal Loan in Maharashtra with Low CIBIL

Q1. Can I get a personal loan in Maharashtra with CIBIL below 600?
Yes, through NBFCs, gold loans, or fintech apps. Banks may reject though.

Q2. Which loan is best for low CIBIL in Maharashtra?
Gold loans, NBFC personal loans, and salary advance apps.

Q3. Can I get ₹5 lakh personal loan in Maharashtra with CIBIL 650?
Yes, if your income is strong and you apply to NBFCs like Bajaj or Tata Capital.

Q4. Do cooperative banks in Maharashtra check CIBIL?
Yes, but they are more flexible compared to big banks.

Q5. How fast can I get a loan in Maharashtra with bad credit?
Fintech apps and gold loans provide money in 1 hour to 24 hours.

Conclusion

Getting a personal loan in Maharashtra with low CIBIL score is difficult but not impossible. Traditional banks may reject, but NBFCs, gold loans, fintech apps, and cooperative banks provide excellent alternatives.

👉 If your CIBIL is poor, borrow small, repay on time, and slowly rebuild your credit history.
👉 Always compare lenders and avoid high-interest private moneylenders.

With the right strategy, you can get the financial support you need anywhere in Maharashtra – whether in Mumbai, Pune, Nagpur, Nashik, or smaller districts.

Best Personal Loan Company for Maharashtra People – Complete 2025 Guide

Introduction

Maharashtra is the financial powerhouse of India. Cities like Mumbai, Pune, Nagpur, Nashik, Aurangabad, and Solapur are home to millions of salaried and self-employed individuals. And with rising expenses—medical emergencies, weddings, education, business needs—personal loans have become the most popular borrowing option.

But here’s the challenge: With dozens of banks, NBFCs, and fintech companies offering loans, people often ask:

👉 Which is the best personal loan company in Maharashtra?

In this detailed 2025 guide, we will cover:

Top banks and NBFCs for personal loans in Maharashtra
Best digital/fintech loan apps
Low CIBIL loan options
District-wise availability
Comparison of interest rates, loan amounts, and benefits

Why Maharashtra People Prefer Personal Loans

Quick Cash Needs – Urgent medical or wedding expenses
No Collateral Required – Unlike home/auto loans
Flexible Usage – Can be used for education, travel, or debt consolidation
Wide Loan Options – Banks, NBFCs, and fintechs available
Digital Approval – Most lenders now provide instant approval in Maharashtra

Top Personal Loan Banks in Maharashtra (2025)

1. HDFC Bank Personal Loan

Loan Amount: ₹50,000 – ₹40 lakh
Interest Rate: 10.5% – 21%
Disbursal: Within 24 hours
Special Feature: Pre-approved offers for salary account holders in Mumbai/Pune

2. ICICI Bank Personal Loan

Loan Amount: ₹1 lakh – ₹25 lakh
Interest Rate: 11% – 20%
Strong network in Mumbai, Pune, Nagpur, Nashik
Fast approval for professionals (IT, healthcare, corporate employees)

3. SBI Xpress Credit Loan

Loan Amount: ₹50,000 – ₹20 lakh
Interest Rate: 9.6% onwards (lowest among banks)
Best for government employees and PSU staff in Maharashtra

4. Axis Bank Personal Loan

Loan Amount: ₹50,000 – ₹40 lakh
Interest Rate: 10.25% – 21%
Strong presence in Mumbai, Pune, Aurangabad, Nashik
Flexible tenure up to 60 months

5. Kotak Mahindra Bank

Loan Amount: ₹50,000 – ₹20 lakh
Interest Rate: 10.99% onwards
Easy approval for salaried in metro cities like Mumbai, Pune

Best NBFCs for Personal Loan in Maharashtra

1. Bajaj Finserv (Headquartered in Pune)

Loan Amount: ₹50,000 – ₹25 lakh
Interest Rate: 12% – 28%
Known for instant loans and flexible EMIs
Maharashtra’s most trusted NBFC

2. Tata Capital

Loan Amount: ₹75,000 – ₹20 lakh
Interest Rate: 11.5% – 24%
Easy approval for both salaried & self-employed
Strong presence in Pune, Mumbai, Nagpur

3. Fullerton India

Loan Amount: ₹50,000 – ₹25 lakh
Interest Rate: 12% – 30%
Provides loans even with low CIBIL score
Widely available in Tier-2 cities of Maharashtra

4. IIFL Finance

Loan Amount: ₹25,000 – ₹5 lakh
Interest Rate: 15% – 30%
Instant small ticket loans in semi-urban & rural areas

Best Loan Apps in Maharashtra (2025)

KreditBee – Loans ₹10,000 – ₹5 lakh, easy approval, popular among youth.
MoneyTap – Credit line facility, borrow as per need.
PaySense (Now PayU) – Personal loans with low documentation.
Fibe (formerly EarlySalary, HQ in Pune) – Popular salary advance app.
CASHe – Short-term loans for salaried professionals.

Comparison: Best Personal Loan Companies in Maharashtra

Lender	Loan Amount	Interest Rate	CIBIL Requirement	Best For
SBI	₹50k – ₹20 lakh	9.6% – 14%	700+	Govt/PSU employees
HDFC	₹50k – ₹40 lakh	10.5% – 21%	700+	Salaried in metros
ICICI	₹1 – ₹25 lakh	11% – 20%	700+	Professionals
Bajaj Finserv	₹50k – ₹25 lakh	12% – 28%	650+	Quick approval
Tata Capital	₹75k – ₹20 lakh	11.5% – 24%	650+	Self-employed
KreditBee (App)	₹10k – ₹5 lakh	18% – 32%	600+	Youth, small loans
Fibe	₹5k – ₹5 lakh	16% – 28%	Flexible	Salary advance

Personal Loan in Maharashtra with Low CIBIL Score

Not everyone has a perfect CIBIL score, but Maharashtra offers many solutions:

Gold Loans (Muthoot, Manappuram, IIFL) – No CIBIL check
NBFCs like Fullerton, Bajaj – Approve with 600+ CIBIL
Fintech Apps (KreditBee, Fibe) – Small loans even with weak credit
Cooperative Banks (Saraswat Bank, Janata Sahakari Bank) – Flexible on CIBIL

District-Wise Loan Availability in Maharashtra

Mumbai & Thane – All major banks, NBFCs, fintech apps available
Pune – Bajaj Finserv & Fibe (EarlySalary) strongest presence
Nagpur – Cooperative banks + Tata Capital, Fullerton India
Nashik – Gold loan & NBFCs popular
Aurangabad & Solapur – Regional cooperative banks + NBFCs
Kolhapur & Sangli – Gold loans dominate due to agricultural economy

How to Choose the Best Personal Loan Company in Maharashtra

✅ Compare interest rates
✅ Check processing fees (1–3%)
✅ Look at disbursal speed (some give in 24 hours)
✅ Consider CIBIL requirements
✅ Read customer reviews in Maharashtra cities

Tips to Improve Loan Approval Chances

Maintain CIBIL above 700
Keep salary account with the bank you apply in
Apply for smaller loan amount first (₹50k – ₹2 lakh)
Avoid multiple loan applications at once
Show strong income proof (salary slips, ITR)

FAQs

Q1. Which is the best personal loan company in Maharashtra?
Bajaj Finserv (Pune HQ), HDFC, SBI, and Tata Capital are the top choices.

Q2. Can I get personal loan in Maharashtra with low CIBIL?
Yes, through Bajaj, Fullerton, Tata Capital, or gold loan providers.

Q3. Which bank gives lowest interest loan in Maharashtra?
SBI offers the lowest starting rate (9.6% onwards).

Q4. Which app is best for instant loan in Maharashtra?
Fibe (EarlySalary, Pune HQ) and KreditBee are popular.

Q5. What is the maximum personal loan amount in Maharashtra?
Up to ₹50 lakh (HDFC, ICICI, Axis) depending on eligibility.

Conclusion

For people in Maharashtra, the best personal loan company depends on your profile:

Salaried in Mumbai/Pune → HDFC, ICICI, SBI
Self-employed → Tata Capital, Fullerton India
Quick small loans → KreditBee, Fibe (EarlySalary)
Low CIBIL borrowers → Gold loans (Muthoot, Manappuram, IIFL)
Government employees → SBI, Bank of Baroda

👉 Always compare interest rates, loan amount, and tenure before applying.
👉 Borrow only what you can repay—responsible borrowing improves your CIBIL score.

With the right company, getting a personal loan in Maharashtra in 2025 is easier than ever.

Best Personal Loan Company with Lowest Rate of Interest – Complete 2025 Guide

Introduction

Personal loans are one of the fastest and easiest ways to arrange money for emergencies, weddings, travel, education, or debt consolidation. But the biggest challenge is high interest rates.

While some lenders charge 10–12%, others can go up to 30–36% if your CIBIL score is weak. That’s why choosing the right personal loan company with the lowest rate of interest is extremely important.

In this blog, we will cover:

Top banks offering lowest personal loan rates in India (2025)
Best NBFCs and digital lenders with affordable EMI options
Eligibility criteria for lowest rates
Tips to reduce interest on your loan
FAQs for borrowers

What is a Personal Loan?

A personal loan is an unsecured loan that does not require collateral. You can use it for:

Medical emergencies
Weddings
Education or travel
Buying gadgets or home appliances
Debt consolidation

Since it’s unsecured, interest rates depend heavily on your credit profile – mainly your CIBIL score, income, and repayment history.

Factors Affecting Personal Loan Interest Rates

CIBIL Score – 750+ = lowest interest offers
Income Level – Higher salary = better rates
Employer Category – Govt/PSU/Blue-chip employees get cheaper loans
Relationship with Bank – Existing customers enjoy lower rates
Loan Amount & Tenure – Bigger loans sometimes attract better deals
Debt-to-Income Ratio – Lower EMI burden improves chances of cheaper loans

Top Banks Offering Lowest Interest Personal Loans (2025)

1. State Bank of India (SBI) – Xpress Credit Loan

Interest Rate: 9.60% – 15% p.a.
Loan Amount: ₹50,000 – ₹20 lakh
Tenure: Up to 6 years
Why Best? Lowest starting rate, especially for govt employees and PSU staff.

2. Bank of Baroda Personal Loan

Interest Rate: 10.10% – 17%
Loan Amount: ₹50,000 – ₹15 lakh
Tenure: Up to 7 years
Special Feature: Attractive rates for salary account holders.

3. Punjab National Bank (PNB)

Interest Rate: 10.25% onwards
Loan Amount: ₹50,000 – ₹20 lakh
Best For: Government and defence employees.

4. Union Bank of India

Interest Rate: 10.40% – 16%
Loan Amount: ₹50,000 – ₹15 lakh
Tenure: Up to 5 years
Special Benefit: No hidden charges, transparent processing.

5. ICICI Bank Personal Loan

Interest Rate: 10.75% onwards
Loan Amount: ₹1 lakh – ₹25 lakh
Disbursal: Within 24–48 hours
Why Popular? Fast approval for professionals.

6. HDFC Bank Personal Loan

Interest Rate: 10.75% – 21%
Loan Amount: ₹50,000 – ₹40 lakh
USP: Instant disbursal for pre-approved customers.

7. Axis Bank Personal Loan

Interest Rate: 10.49% onwards
Loan Amount: ₹50,000 – ₹40 lakh
Tenure: Up to 60 months
Best For: Salaried borrowers in metro cities.

Best NBFCs for Low-Interest Personal Loans

1. Bajaj Finserv

Interest Rate: 12% – 28%
Loan Amount: Up to ₹25 lakh
USP: Flexible EMI repayment plans.

2. Tata Capital

Interest Rate: 11.5% – 24%
Loan Amount: ₹75,000 – ₹20 lakh
USP: Customised EMI options.

3. Fullerton India

Interest Rate: 12% – 30%
Loan Amount: Up to ₹25 lakh
USP: Approves loans for self-employed as well.

Best Loan Apps with Competitive Rates

KreditBee – 16% – 32%
MoneyTap – 15% – 30%
Fibe (EarlySalary) – 18% – 28%
PaySense – 16% – 30%
CASHe – 18% – 30%

⚠️ Note: Loan apps generally have higher rates compared to banks & NBFCs, but useful for instant short-term needs.

Comparison Table: Lowest Personal Loan Interest Rates 2025

Lender	Interest Rate	Loan Amount	Best For
SBI	9.60% – 15%	₹50k – ₹20L	Govt/PSU employees
Bank of Baroda	10.10% – 17%	₹50k – ₹15L	Salaried customers
PNB	10.25%+	₹50k – ₹20L	Govt/defence
Union Bank	10.40% – 16%	₹50k – ₹15L	Transparent charges
Axis Bank	10.49%+	₹50k – ₹40L	Salaried metro
ICICI Bank	10.75%+	₹1L – ₹25L	Professionals
HDFC Bank	10.75% – 21%	₹50k – ₹40L	Instant disbursal

How to Get the Lowest Interest Rate on Personal Loan

Maintain High CIBIL (750+)
Choose Your Salary Bank – Apply where you have account.
Apply for Balance Transfer – Shift old loan to lower-rate lender.
Negotiate with Bank – Loyal customers can bargain for lower rates.
Apply Jointly with Co-applicant – Improves eligibility.
Opt for Shorter Tenure – Lower risk = lower rate.

Loan Amount & EMI Examples

₹1 lakh loan @ 10% for 3 years → EMI ~ ₹3,226
₹5 lakh loan @ 10% for 5 years → EMI ~ ₹10,624
₹10 lakh loan @ 11% for 6 years → EMI ~ ₹18,500

(Showing EMI calculation in tables boosts SEO + user engagement).

FAQs

Q1. Which bank has the lowest interest rate for personal loan in India?
SBI (9.6% onwards) offers the lowest rate among major banks.

Q2. Can I get low interest loan with bad CIBIL?
Difficult in banks, but NBFCs & gold loans are an option.

Q3. Which NBFC gives cheapest personal loan?
Tata Capital offers loans at 11.5% onwards.

Q4. Are loan apps cheaper than banks?
No, apps are convenient but charge higher interest.

Q5. What is the maximum tenure for personal loans?
Up to 6–7 years depending on the bank.

Conclusion

If you are looking for the best personal loan company with the lowest interest rate, here’s the quick ranking:

Best Overall: SBI (9.6% onwards)
Best Private Bank: Axis Bank / ICICI Bank
Best NBFC: Tata Capital (11.5% onwards)
Fastest Approval: HDFC Bank
Best for Govt Employees: SBI, PNB, Bank of Baroda

👉 Always compare interest rates, processing fees, and tenure before applying.
👉 A good CIBIL score + stable income is the key to lowest rates.

With smart planning, you can get a low-cost personal loan in 2025 and manage your finances stress-free.