Cheapest personal loan rates in November 2025: Check interest rates from HDFC, SBI, PNB, Axis Bank and other banks..

A personal loan can prove to be more than just a solution to financial problems. It can help you realize your big plans, whether it's renovating your home, covering wedding expenses, or paying off existing debt. When money is tight and you need immediate funds, taking out a personal loan can be a wise choice.

It allows you to address unexpected expenses without dipping into your savings. It also gives you the freedom to decide how you use your funds. With fixed repayment terms and generally lower interest rates than most credit cards, personal loans offer an easy way to maintain control over your finances.

Most personal loans are offered at a fixed interest rate. This means that once you lock in an interest rate, it remains unchanged throughout your repayment term. This stability is beneficial for budgeting, and interest rates are not affected by market fluctuations.

When applying for a personal loan, lenders typically review your credit score, KYC details, and bank statements. In most cases, there's very little additional paperwork involved.

Personal Loan Rates in November 2025

Personal Loan Interest Rates November 2025
Bank Name Interest Rate Year Processing Fee
Bank of Maharashtra Starting from 9% - 1.00% of the loan amount + GST
State Bank of India 10.05% to 15.05% - 1.50% of the loan amount
HDFC Bank 9.99% to 24% - 6500 + GST
Punjab National Bank Starting from 10.05% - 1% of the loan amount
Axis Bank 9.99% to 22% - 2% of the loan amount + GST
Kotak Mahindra Bank Starting from 9.98% - 5% of the final amount + taxes
ICICI Bank 10.60% to 16.50% - 2% of the loan amount + taxes
IDFC First Bank Starting from 9.99% - 2% of the total loan amount, including GST

If you have a poor credit record, however, you can choose smaller, more manageable loans and focus on repaying them on time. Doing so gradually increases your credit rating, helping you secure loans at more competitive interest rates in the future.

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