Personal loans interest rates in Nov 2025: These are the latest rates which lenders charge

Core Insights - The article emphasizes the importance of comparing interest rates from different lenders before taking a personal loan, as even a 1% difference can lead to significant savings [1] Interest Rates Overview - Personal loans are typically unsecured and carry higher interest rates, ranging from 12% to 18% based on the borrower's credit score [2] - Higher credit scores allow borrowers to secure loans at lower interest rates compared to those with lower scores [2] Interest Rates by Bank - HDFC Bank: Interest rates range from 9.99% to 24% with processing charges of ₹6,500 before GST [2] - ICICI Bank: Charges between 10.45% to 16.50% per annum, with processing fees up to 2% of the loan amount plus GST [3] - Kotak Mahindra Bank: Interest starts at 9.98% per annum, with processing fees up to 5% of the loan amount [3] - Federal Bank: Interest rates range from 11.99% to 18.99% per annum, with processing fees up to 3% [4] - State Bank of India (SBI): Charges between 10.05% to 15.05% per annum, with processing fees ranging from ₹1,000 to ₹15,000 before tax [5] - Canara Bank: Interest rates range from 14.50% to 16% per annum, with rates linked to the repo-linked lending rate (RLLR) ranging from 13.75% to 15.25% [5] - Bank of Baroda (BOB): Interest rates range from 10.40% to 15.75%, depending on the borrower's category and credit score [6] - Union Bank of India: Charges interest between 10.75% to 14.45% per annum [6]