In 2025, salaried professionals in India have access to a variety of personal loan options that offer competitive interest rates, flexible repayment terms, and quick disbursals. Whether you’re planning a wedding, renovating your home, or consolidating debt, securing a loan with a low-interest rate can significantly reduce your financial burden.
Below, we’ve compiled a list of the top 5 personal loan options for salaried individuals, starting at interest rates as low as 10% per annum.
1. Bank of Maharashtra – Personal Loan
- Interest Rate: Starting at 9.50% p.a.
- Loan Amount: Up to ₹20 lakh
- Tenure: Up to 7 years
- Processing Fee: Up to 1% (Max ₹10,000)BankbazaarBOI+3Airtel+3Paisabazaar+3Forbes+3Paisabazaar+3mint+3Paisabazaar+3mint+3The Economic Times+3
Why Choose Bank of Maharashtra?
Bank of Maharashtra offers one of the lowest starting interest rates in the market, making it an attractive option for salaried individuals seeking affordable financing. The bank’s flexible repayment tenure of up to 7 years allows borrowers to manage their EMIs comfortably. Additionally, the processing fees are reasonable, ensuring that the overall cost of borrowing remains low.
2. ICICI Bank – Personal Loan
- Interest Rate: 10.85% – 16.65% p.a.
- Loan Amount: Up to ₹50 lakh
- Tenure: Up to 6 years
- Processing Fee: Up to 2% of the loan amountBOI+8ICICI Bank+8Paisabazaar+8BOI+6Paisabazaar+6ICICI Bank+6
Why Choose ICICI Bank?
ICICI Bank is known for its swift loan processing and high loan amounts, making it suitable for individuals with substantial financial requirements. The bank’s competitive interest rates and flexible tenure options cater to a wide range of borrowers. Moreover, ICICI Bank’s robust digital infrastructure ensures a seamless loan application and disbursal process.mint
3. State Bank of India (SBI) – Xpress Credit Personal Loan
- Interest Rate: 10.30% – 15.30% p.a.
- Loan Amount: Up to ₹20 lakh
- Tenure: Up to 5 years
- Processing Fee: Up to 1.5% (Min ₹1,000; Max ₹15,000)Bankbazaar+9Bankbazaar+9ICICI Bank+9ICICI Bank+6mint+6Bankbazaar+6The Economic Times
Why Choose SBI?
As one of India’s largest public sector banks, SBI offers reliable and transparent loan products. The Xpress Credit Personal Loan is tailored for salaried individuals, providing quick disbursal and competitive interest rates. SBI’s extensive branch network and customer service make it a convenient choice for borrowers across the country.Bankbazaar
4. HDFC Bank – Personal Loan
- Interest Rate: 10.85% – 24.00% p.a.
- Loan Amount: Up to ₹40 lakh
- Tenure: Up to 6 years
- Processing Fee: Up to ₹6,500Paisabazaar+5ICICI Bank+5Bankbazaar+5ICICI Bank+3The Economic Times+3mint+3
Why Choose HDFC Bank?
HDFC Bank offers high loan amounts with flexible repayment options, catering to various financial needs. The bank’s quick approval process and minimal documentation requirements make it an excellent choice for salaried professionals seeking hassle-free loans. Additionally, HDFC Bank’s customer-centric approach ensures a smooth borrowing experience.Airtel+2mint+2The Economic Times+2
5. Axis Bank – Personal Loan
- Interest Rate: 11.25% – 22.00% p.a.
- Loan Amount: Up to ₹15 lakh
- Tenure: Up to 5 years
- Processing Fee: Up to 2% of the loan amountwww.bajajfinserv.in+8ICICI Bank+8Paisabazaar+8Bankbazaar+1mint+1Airtel+6Bankbazaar+6mint+6Bankbazaar+4Paisabazaar+4ICICI Bank+4
Why Choose Axis Bank?
Axis Bank provides personal loans with competitive interest rates and flexible repayment tenures. The bank’s efficient loan processing system ensures quick disbursal, making it ideal for individuals in need of immediate funds. Axis Bank also offers personalized loan solutions to meet the unique requirements of salaried borrowers.mint+3The Economic Times+3Bankbazaar+3
Tips to Secure the Best Personal Loan Deal:
- Maintain a Good Credit Score: A higher credit score increases your chances of securing loans at lower interest rates.
- Compare Multiple Lenders: Don’t settle for the first offer; compare interest rates, processing fees, and other charges across banks.
- Check Eligibility Criteria: Ensure you meet the lender’s eligibility requirements to avoid application rejections.
- Negotiate Terms: If you have a strong credit profile, don’t hesitate to negotiate better terms with the lender.
- Read the Fine Print: Understand all terms and conditions, including prepayment charges and penalties, before signing the loan agreement.
Conclusion
Selecting the right personal loan involves careful consideration of interest rates, loan amounts, repayment tenures, and associated fees. The options listed above offer competitive rates and flexible terms tailored for salaried individuals. Always assess your financial needs and repayment capacity before choosing a loan to ensure it aligns with your long-term financial goals.