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Which are the cheapest personal loan interest rates in 2025, check the full list – Cheapest Personal Loan Interest Rate 2025 ICICI Bank HDFC Bank Indusind Bank

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The lowest interest rates of personal loans in 2025 start from 9%, depending on your credit score and income. (Photo credit: canva)

Bank of Maharashtra and Indian Banks are offering the cheapest personal loans with interest rates starting from 9.75%.

IDFC First Bank and Axis Bank are offering personal loans from 9.99%, which is the lowest in the private sector.

Canara Bank’s interest rates begin at 9.95%, which is another affordable option in the public sector.

IndusInd Bank offers personal loans from 10.49% and ICICI Bank 10.85%, which are among the major private banks.

HDFC Bank gives personal loans at an interest rate ranging from 10.90% to 24%, of which the maximum limit is up to Rs 40 lakh.

Interest rates depend on your CIBIL score, monthly income, job stability and banking history.

EMI remains the same throughout the period in fixed rate loans, while interest rates in floating rates can change.

Processing fees, prepament charge and other fees also affect the total cost of the loan.

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