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Lowest Rate 10.50% · Processing Fee 3.99%

Personal Loan for a Better Future

Personal Loans are ideal to fund your higher education, business expansion, home improvement, wedding, travel, medical expenses & more. Navi is currently offering the lowest personal loan interest rate starting at 10.50% at a flat processing fee of 3.99%.

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Online Application

Compare personal loan offers from our 100+ finance partners and apply online within a few minutes.

Check Eligibility

Check your personal loan eligibility easily with our EMI calculator before applying.

Instant Disbursal

On successful approval, get instant disbursal of your loan amount directly to your account.

100+ Finance Partners

Access personal loan offers from 100+ trusted finance partners in one place.

Learn More About Personal Loans

Click on each section to expand and read more about personal loans.

  • Current lowest personal loan interest rates start from 10.50% p.a.
  • Compare 100+ personal loan banks at Kredit Advice and choose the best one.
  • Check fees & charges of all top banks offering personal loans in India.
  • Get flexible tenure of 36 to 84 months to repay the loan.
  • Submit online loan application and get instant loan approval.
  • Loan can be used for marriage, education, medical emergency, shopping, travel, etc.
  • No collateral or security required as personal loans are unsecured.
  • Apply through the best instant loan app or online lending marketplaces.

  • A personal loan is the best option to get access to funds in case of an emergency.
  • Once you fulfill eligibility criteria, you can cover expenses like medical emergency, travel, or education fees.
  • It is a simple, unsecured loan accessible online.

  • Travel Loan: For travel purposes including vacation and holiday expenses, sometimes with travel insurance benefits.
  • Wedding Loan: Cover expenses for venue, catering, honeymoon, and other wedding-related costs.
  • Festival Loan: For celebrating festivals, parties, and functions.
  • Consumer Durable Loan: For purchasing appliances or electronics.
  • Pension Loan: For retired personnel to meet financial needs like medical bills and daily expenses.
  • Home Renovation Loan: For renovation, repair, or purchase of house-related materials.
  • Education Loan: To pay tuition fees or big academic requirements, including studying abroad.
  • Computers & Mobile Phones Loan: For purchasing computers, laptops, or smartphones; sometimes with insurance.

  • Interest Rate starts from 10.50%, depending on credit score and income.
  • Loan amount ranges from ₹20,000 to ₹1 Cr depending on eligibility.
  • Loan tenure typically 12 to 60 months.
  • No collateral required as it is an unsecured loan.
  • Fastest turnaround time: Many banks approve within 48 hours.
  • Processing fees typically 3.5% of the loan amount.
  • Prepayment penalty ranges between 1-2% of outstanding amount.

  • Click on the ‘Compare and Apply’ option.
  • Fill out registration form with personal details.
  • Choose the loan offer that fits your requirement.
  • Submit necessary documents.
  • Bank representatives will contact you after submission.

  • Occupation: Salaried, self-employed professionals, non-professionals, business owners.
  • Age: 21-60 years at loan maturity.
  • Monthly Income: Minimum ₹20,000.
  • Job/Business Continuity: 2 years for employees, 3 years for business.
  • ITR: Last 2 years income tax returns.
  • Credit score: 700 & above.

  • KYC: PAN, Aadhar, Driving License, Voter ID, Passport, Rent Agreement.
  • Income (Salaried): Salary slips (6 months), IT Returns (2 years), Bank statements (3 months), Employment certificate.
  • Income (Self-employed): Financial statements, IT returns (2 years), business continuity proof, GST registration.
  • Other Documents: Personal loan form, passport-sized photographs, processing fee cheque.

  • Maintain a high credit score (700+).
  • Compare offers before applying for the best deal.
  • Assess total cost including interest, fees, and prepayment penalties.
  • Borrow only for necessary purposes, not luxuries.
  • Evaluate repayment capacity before borrowing.
  • Avoid fake offers or deals with hidden charges.
  • Repay on time to maintain CIBIL score.

Personal Loan Interest Rates & Charges

Compare interest rates and processing fees from top banks in India.

Bank Interest Rates Processing Fees
HDFC Bank 10.85% - 24% Upto Rs. 4999/-
Yes Bank 10.99% Up to 2.50%
Kotak Mahindra Bank 10.99% Up to 3% of loan amount + Applicable Taxes
Bajaj Finserv 14.50% Up to 4.13% + GST
IDFC First Bank 10.99% Up to 2%
TATA Capital 11.75% Up to 3% of the loan amount + GST
IndusInd Bank 10.49% Up to 2.50%
ICICI Bank 10.80% Up to 2.25%
Navi 9.9% 3.99% to 6%
SBI 11.45% Up to 1.50%
HSBC Bank 10.5% Up to 1%
PNB 11.40% Up to 1% + GST
Federal Bank 11.49% Up to 3%
Bank of Baroda 11.15% Up to 2%
Canara Bank 10.95% Up to 0.50%
Aditya Birla Personal Loan Min. APR- 13% p.a. Max. APR- 28% p.a. Up to 3% of the loan amount
Central Bank of India 11.75% Up to Rs. 500
Indian Bank 10.75% - 14.75% As communicated by corporate office
UCO Bank 10.95% Up to 1%
Bank of India 11.60% Up to 2%
South Indian Bank 13.10% 2% + GST
IDBI 11% Up to 1% + taxes