Low-Interest Personal Loans for Quick Approval in 2025

You think choosing a personal loan is challenging, but you know what’s more challenging? Locating a low-interest personal loan is more difficult. Personal loans are unsecured loans that don’t require any collateral plus offer loans at good interest rates as compared to other types of loans. To help you locate the best personal loan offers with low interest rates in 2025 we have done research and listed all the best loan providers under one roof.

In this blog, you’ll find low-interest personal loans from the best lenders and all other vital information related to the best personal loan offers 2025.

Personal loan interest rate types

Interest rates on personal loans are divided into 2 categories:

Difference based on	Fixed interest rate	Floating interest rate
Meaning	In this, the interest rate on your loan is fixed during the loan tenure.	In this type, the interest rate keeps on varying according to the market conditions.
Interest Rate	Fixed interest rate	Fluctuating interest rate
Market impact	The interest rate remains constant despite market fluctuations.	The shift in market conditions has a significant impact on the interest rate.
Prepayment penalties	You are charged with penalties if you pay the loan in advance	Usually, no penalties are charged on loan prepayment
Risk factor	Here, the risk is very minimal.	Because interest rates keep on varying, the risk factor is generally high.

Generally, people opt for a personal loan with fixed interest rates because they’re safe and don’t involve any future risk. However, if you’re comfortable with fluctuating interest rates, then you can opt for this too.

Best personal loan offers 2025

Here’s the list of loan lenders that are giving the best personal offers in 2025. Choose the one you believe to be the greatest after comparing them.

Banks	Interest Rates	Processing Fees
ICICI Bank	10.85%-16.65% p.a	Up to 2%
IndusInd Bank	10.49% p.a onwards	3.5% onwards
HDFC Bank	10.90%-24.00% p.a	6500Rs plus GST
SBI	10.30%-15.30% p.a	Up to 1.50%
Kotak Mahindra Bank	10.99%-16.99% p.a	Up to 3%
Axis Bank	11.25%-22% p.a	Up to 2%
Aditya Birla Capital	10.99%-30% p.a	Up to 3%
IDFC First Bank	10.99% p.a onwards	Up to 3.5%

*Processing fee is subject to GST charges.

Factors affecting loan interest rates

If you want a personal loan with low interest, you need to consider these factors that can impact the interest rate:

Income: Banks usually offer low-interest-rate loans to those who have a higher income as compared to those who have a lower income. This is because the person with a higher income is seen as a low risk and creditworthy.
Credit score: Banks or other lenders consider a person creditworthy if their credit score is above 750. Your loan amount and interest are affected by your credit score. A high-amount personal loan with a favorable interest rate is readily available to you if your credit score is higher than 750.
Employment type: Banks choose a salaried person over a self-employed person because of the income security they have.
Relationship with the bank: if you’re an existing customer or a card user of a bank ,then banks usually offer them a pre-approved loan with a better interest rate.
Financial history: Your financial history directly affects your loan application. If you have a healthy financial history, then you can easily get your desired personal loan, whereas if you have been a defaulter, then you might get a loan, but at higher interest rates.

How can I get low-interest personal loans?

To get the low-interest personal loans, you need to fulfill the eligibility criteria and have the necessary documents.

Eligibility criteria include a minimum age, income stability, employment type, credit score, financial history, and nationality. These criteria differ from bank to bank, so check the lender's site before applying.

Three essential documents are required by banks for a personal loan: evidence of income, proof of address, and proof of identity.

How to apply for a personal loan?

You can apply either:

Online: To make your loan application process seamless, you can directly apply from our website, Findcreditloan. You should choose us because we offer Instant personal loan approval, a personal loan EMI calculator, compare personal loan rates, and much more financial services.
Offline: Directly visit your preferred bank and request a bank representative to assist you with a personal loan.

Also Read:- 5 Common Credit Card Mistakes You Should Avoid - Check now

Conclusion

To conclude, low-interest personal loans can be availed, but that depends on various factors like your credit score, financial history, relationship with the bank, and your income. If everything is positive, then banks can easily give you low-interest personal loans, but if you’re a defaulter or have a low credit score, then getting low-interest personal loans will be challenging. Therefore, your financial history is the only factor that determines whether you qualify for a low-interest personal loan.

Frequently Asked Questions? (FAQs)

How can I get a personal loan at the lowest interest rate in 2025?

You need to have a credit score above 750, a solid financial history, a higher salary, and a positive working relationship with the bank to negotiate the best interest rate on a personal loan.

Which bank gives the cheapest personal loan in 2025?

Kotak Mahindra Bank, ICICI Bank, HDFC Bank, and IndusInd Bank are among the banks that provide loans with low-cost interest rates.

Does the interest rate change if your credit score is low?

The interest rate on a personal loan is, in fact, heavily influenced by one's credit score. You will not be eligible for a personal loan with a lower interest rate if your credit score is low or poor. Always