What is the maximum personal loan amount I can get?

You can get a personal loan of up to ₹50 lakhs depending on your income, credit score, and lender policies. Higher income and better credit scores qualify for larger loan amounts.

What is the interest rate on personal loans?

Personal loan interest rates typically range from 10.49% to 24% p.a. depending on your credit profile, income, and the lender. PaisaWay helps you find the best rates across 50+ lenders.

How long does it take to get a personal loan approved?

With PaisaWay's partner lenders, you can get approval in as little as 2 hours. Fund disbursal typically happens within 24-48 hours after approval.

Will checking my eligibility affect my credit score?

No, checking your eligibility on PaisaWay is a soft inquiry and does not affect your credit score. Your score is only impacted when you formally apply with a lender.

Can I prepay my personal loan?

Yes, most lenders allow prepayment after a certain period (usually 6-12 months). Some may charge a prepayment fee of 2-5% on the outstanding principal.

Personal Loan in India - Compare Rates from 10.5% | PaisaWay

Interest Rate

From 10.5%

Loan Amount

Up to ₹50 Lakh

Tenure

Up to 6 years

Showing 6 loan offers

Axis Bank

4.2(7,600 reviews)

Interest Rate

10.49% - 22%

Loan Amount

₹50K - ₹15L

Tenure

12 - 60 months

Processing Fee

1.5% - 2%

Online applicationCompetitive ratesQuick processingNo hidden charges

3-5 days

HDFC Bank

Best Rate

4.5(12,500 reviews)

Interest Rate

10.5% - 21%

Loan Amount

₹50K - ₹40L

Tenure

12 - 60 months

Processing Fee

Up to 2.5%

No collateralMinimal documentationInstant approvalFlexible EMI

24-48 hours

ICICI Bank

Fastest Approval

4.4(9,800 reviews)

Interest Rate

10.75% - 19%

Loan Amount

₹50K - ₹50L

Tenure

12 - 72 months

Processing Fee

Up to 2%

Pre-approved offersDigital processTop-up facilityBalance transfer

4 hours

Tata Capital

4.3(5,400 reviews)

Interest Rate

10.99% - 24%

Loan Amount

₹75K - ₹35L

Tenure

12 - 72 months

Processing Fee

Up to 2.5%

Low interest ratesTrusted brandDigital KYCFlexible repayment

48-72 hours

State Bank of India

4.1(18,900 reviews)

Interest Rate

11% - 14.3%

Loan Amount

₹1L - ₹20L

Tenure

12 - 72 months

Processing Fee

1% + GST

Lowest ratesGovt. bank trustLong tenureSalary account benefits

5-7 days

Bajaj Finserv

Why Choose PaisaWay for Personal Loans?

Your trusted partner for personal financing

Best Rates

Interest rates starting from 10.49% p.a.

Instant Approval

Get approval in as little as 2 hours

No CIBIL Impact

Eligibility check doesn't affect your score

1 Lakh+ Users

Trusted by users across India

Frequently Asked Questions

Common questions about personal loans

Find the Best Personal Loan

Axis Bank

HDFC Bank

ICICI Bank

Tata Capital

State Bank of India

Bajaj Finserv

Why Choose PaisaWay for Personal Loans?

Best Rates

Instant Approval

No CIBIL Impact

1 Lakh+ Users

Frequently Asked Questions

Ready to Get Your Personal Loan?

Find the Best Personal Loan

Axis Bank

HDFC Bank

ICICI Bank

Tata Capital

State Bank of India

Bajaj Finserv

Why Choose PaisaWay for Personal Loans?

Best Rates

Instant Approval

No CIBIL Impact

1 Lakh+ Users

Frequently Asked Questions

Ready to Get Your Personal Loan?