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Loan Interest Rate Comparison – Compare All Banks & NBFCs

Choosing the right loan starts with understanding Loan interest rate comparison, and even a small difference of 0.5% can save you thousands of rupees over your loan tenure. With so many banks and NBFCs offering personal, home, business, and car loans at varying rates, comparing them manually can be time-consuming and confusing. This page brings together the latest interest rates from top lenders in one place, helping you quickly identify the most affordable option based on your loan type, amount, and repayment tenure. Whether you’re planning to buy a home, expand your business, or meet urgent personal expenses, comparing rates before you apply ensures you get the best deal with minimal EMI burden.

Bigland Property Group

Loan Interest Rate Comparison , Processing Fee & Closing Charges

Updated July 2026, bank-wise comparison

📌 RBI Rule (Jan 2026 se): Floating-rate loans (Home, Education, LAP, aur ab Business/MSME bhi ₹50L tak) par foreclosure/prepayment charge NIL hai. Personal aur Car loans zyadatar fixed-rate hote hain, unme abhi bhi closing charge lagta hai.

🏠 Home Loan

Bank	Interest Rate (p.a.)	Processing Fee	Foreclosure Charges
SBI	7.50% – 8.70%	Up to 0.35%, capped ₹10,000 + GST	NIL
Bank of Baroda	7.45% – 8.00%	~0.25% – 0.50% + GST	NIL
Punjab National Bank	7.45% – 8.00%	~0.35% + GST	NIL
Kotak Mahindra Bank	7.70% onwards	~0.5% + GST	NIL
ICICI Bank	7.65% – 9.80%	0.50% of loan + GST	NIL
HDFC Bank	7.20% – 13.20%	Up to 0.5% – 1% + GST	NIL
Axis Bank	8.35% – 11.90%	Up to 1% + GST	NIL

💰 Personal Loan

Bank	Interest Rate (p.a.)	Processing Fee	Foreclosure Charges
Kotak Mahindra Bank	9.98% onwards	~2% – 2.5% + GST	2% – 4% of outstanding
ICICI Bank	9.99% – 10.45% onwards	Up to 2% + GST	3% + GST (nil after 12 EMIs*)
HDFC Bank	9.99% onwards	₹4,999 + GST (approx)	4% (13–24 mo), 3% (25–36 mo)
Axis Bank	9.99% – 10.99% onwards	Up to 2% + GST	2% – 4% of outstanding
SBI	10% – 15%	~1% – 1.5% + GST	NIL after 6 EMIs*
Bajaj Finserv (NBFC)	11% – 13%	Up to 4% + GST	2% – 4% of outstanding

*varies by scheme — confirm at branch.

🏘️ Loan Against Property (LAP)

Bank	Interest Rate (p.a.)	Processing Fee	Foreclosure Charges
SBI	~8.80% onwards	1%, capped ₹50,000 + GST	NIL
Bank of Baroda	9.40% onwards	~0.50% + GST	NIL
Punjab National Bank	9.50% onwards	~0.50% – 1% + GST	NIL
HDFC Bank	9.50% – 11.00%	Up to 1%, min ₹7,500 + GST	NIL (individual); 2–2.5% (business use)
ICICI Bank	9.00% – 12.25%	~0.5% – 1% + GST	NIL (floating); 3% (fixed/business)
Axis Bank	9.75% – 12.00%	Up to 1% + GST	NIL (floating)

🎓 Education Loan

Bank	Interest Rate (p.a.)	Processing Fee	Foreclosure Charges
SBI	8.15% – 11.50%	₹10,000 + GST (NIL up to ₹7.5L)	NIL
Bank of Baroda	8.40% onwards	NIL up to ₹7.5L; ~0.5% above	NIL
Punjab National Bank	8.55% – 11.95%	NIL up to ₹7.5L; ~0.5–1% above	NIL
ICICI Bank	9.00% – 13.00%	~1% + GST	NIL
HDFC Bank	9.50% – 13.50%	NIL up to ₹7.5L; 1% above	NIL
Axis Bank	10.50% onwards	~1% + GST	NIL

🚗 Car Loan (New Purchase)

Bank	Interest Rate (p.a.)	Processing Fee	Foreclosure Charges
Punjab National Bank	7.60% – 10.70%	Starting ₹1,000	NIL after 6–12 mo
Bank of Baroda	7.60% – 11.35%	~₹1,500 – 2,500	NIL (floating)
HDFC Bank	8.15% onwards	~₹2,500 – 4,500	2% – 5% (fixed rate)
ICICI Bank	8.35% – 8.50% onwards	~₹2,500 – 4,000	2% – 5% (fixed rate)
SBI	8.70% – 9.85%	~₹2,000	NIL after 24 mo

Refinance/used car loans: processing fee ~1% (min ₹3,500–9,000), foreclosure usually 2–5% (mostly fixed-rate).

📈 Business Loan (MSME)

Bank / NBFC	Interest Rate (p.a.)	Processing Fee	Foreclosure Charges
SBI	8.50% onwards	~1% – 1.5% + GST	NIL (floating MSE, post Jan 2026)
Punjab National Bank	10.30% onwards	~1% + GST	NIL (floating MSE, post Jan 2026)
HDFC / ICICI / Axis	11% – 12% onwards	1% – 2.5% + GST	NIL if floating + MSE + ≤₹50L; else 2–4%
Bajaj Finserv (NBFC)	14% – 23%	Up to 4.72% + GST	Check NBFC-ML ≤₹50L eligibility

ℹ️ Quick tips:

Lowest starting rate almost always = PSU bank (SBI, PNB, BoB) — processing thodi slow hoti hai.
Fastest disbursal = Private banks / NBFC — rate aur processing fee dono zyada.
750+ CIBIL score har category mein best processing fee waiver/discount dilata hai.

📞 Best Rate Ke Liye Call Karein

Documents Required for Loan Application – Complete Checklist 2026-27

Check the complete list of documents required for personal, home, business & car loan applications. Identity, income & address proof checklist – Apply hassle-free.

Avoid loan rejection – know exactly which documents you need for personal, home, business & car loans. Full checklist with category-wise details.

Bigland Property

Required Documents by Loan Type

Apply karne se pehle yeh list check kar lein

💰Personal Loan▾

Salaried

Salary slips (last 3 months)
Form 16 / latest ITR
Employment ID card / offer letter
Bank statement showing salary credit

Self-employed

ITR (last 2 years) with computation
Business proof (GST / Shop Act / firm registration)
Bank statement — business account (6–12 months)

🏠Home Loan▾

ITR (last 2–3 years)
Salary slips / business financials
Sale agreement / builder allotment letter
Title deed / chain of documents
Approved building plan / naksha
NOC from builder/society (if applicable)
Property tax receipts
Patta / khasra girdawari (gram panchayat area ke liye)
Encumbrance certificate

🏘️Property Loan (LAP)▾

Original property title deed
Chain of ownership documents (12–13 years)
Patta / Jamabandi / Naksha (rural/agri land)
Property tax paid receipts
Approved construction map (if built)
ITR (last 2–3 years)
Bank statement (6–12 months)

🎓Education Loan▾

Admission letter from institute/university
Fee structure / cost of course letter
Mark sheets — 10th, 12th, graduation
Entrance exam scorecard (if any)
Co-applicant (parent/guardian): PAN, Aadhaar, income proof, ITR
Collateral documents (higher loan amounts)
Passport (for foreign study)

🚗Car / Bike Loan & Refinance▾

New Purchase

Quotation / proforma invoice from dealer
Income proof (salary slip / ITR)
Bank statement (6 months)

Refinance (Loan Against Vehicle)

Original RC (Registration Certificate)
Valid vehicle insurance copy
Existing loan NOC / foreclosure letter (if any)
Vehicle photographs (front, side, engine)

📈Business Loan▾

ITR with computation (last 2–3 years)
GST returns (last 12 months)
Bank statement — business account (12 months)
Business registration proof (Shop Act / Udyam / partnership deed)
Financial statements — P&L, balance sheet (CA certified)
KYC of all partners/directors

ℹ️ Har lender (bank/NBFC) ke document requirements thode alag ho sakte hain — final list disbursal se pehle confirm ki jaati hai. Koi processing fee client se cash mein nahi li jaati.

📞 Documents Ready Karke Call Karein

Loan EMI Calculator – Calculate Your Monthly EMI Instantly

Use our free Loan EMI Calculator to instantly calculate your monthly EMI for personal, home, business & car loans. Fast, accurate & easy to use.

CIBIL Score Check Online – Free & Instant Credit Score Report

Check your CIBIL score online for free in just 2 minutes. Get your instant credit score report and improve your loan approval chances today.

Frequently Asked Questions

Common questions about comparing loan interest rates across banks & NBFCs

Which bank offers the lowest interest rate on loans?

Interest rates vary based on the bank, loan type, your credit score, income, and loan tenure. Public sector banks often offer competitive rates on home loans, while NBFCs may offer faster approval with slightly higher rates. Use our comparison table above to check the latest rates from multiple lenders in one place.

What factors affect my loan interest rate?

Your interest rate depends on factors like your CIBIL/credit score, monthly income, existing debts, loan amount, tenure, and whether you choose a fixed or floating rate. A higher credit score (750+) usually gets you better rates.

What is the difference between fixed and floating interest rates?

A fixed interest rate stays the same throughout the loan tenure, offering predictable EMIs. A floating interest rate changes based on market conditions (like RBI repo rate changes), which can lower or raise your EMI over time.

How often are interest rates updated on this page?

We update our interest rate data regularly to reflect the latest rates offered by banks and NBFCs, so you can make an informed decision before applying.

Can I negotiate a lower interest rate with my bank?

Yes, in many cases. Factors like a strong credit score, existing relationship with the bank, stable income, and a good repayment history can help you negotiate a better rate.

Does comparing interest rates affect my credit score?

No, simply comparing interest rates on our page does not affect your CIBIL score. Your score is only impacted when a lender does a hard inquiry after you formally apply for a loan.

Which is better – a bank or an NBFC for loans?

Banks typically offer lower interest rates but have stricter eligibility criteria. NBFCs often have relaxed eligibility and faster processing but may charge slightly higher rates. Your choice should depend on your priority — lower cost vs faster approval.

How can I reduce my loan interest rate?

You can lower your interest rate by improving your credit score, opting for a shorter tenure, choosing a secured loan over unsecured, making a higher down payment (for home/car loans), or negotiating with your existing bank.

What is BigLandProperty.com?

BigLandProperty.com is an online platform that helps users compare loan interest rates, check eligibility, and access property and financial resources — all in one place. It is designed to simplify the loan and property research process for buyers and investors.