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Personal Loan Rates December 2025: ICICI, HDFC, SBI, Kotak, Union Bank Compared
As personal loan demand rises in December, comparing interest rates across major banks has become essential for borrowers looking to reduce their overall repayment burden. Even a slight difference in rates can meaningfully change the total cost of the loan over the tenure.
Here is a quick look at the latest personal loan interest rates offered by five major Indian banks in December 2025.
ICICI BANK
ICICI Bank currently offers personal loans at 10.45% to 16.50%, with a 2% processing fee. The rate varies based on a borrower’s income level, credit history and loan size.
HDFC BANK
HDFC Bank’s personal loan rates range from 9.99% to 24% for salaried individuals. The bank charges a flat processing fee of Rs 6,500 + GST.
KOTAK MAHINDRA BANK
Kotak Mahindra Bank offers personal loans starting at 10.99%, with processing charges of up to 5% of the loan amount, deducted at disbursal.
STATE BANK OF INDIA (SBI)
SBI has kept its rates relatively steady, offering personal loans between 10.05% and 15.05%. The stability makes it a popular choice among salaried applicants.
UNION BANK OF INDIA
Union Bank of India is offering personal loans between 10.75% and 14.45%, providing another competitive option in the public-sector category.
Why Comparing Rates Matters
Interest rates differ significantly across lenders, and borrowers can save substantial amounts by evaluating both the rate of interest and processing fees. Repayment flexibility and prepayment rules should also be considered before choosing a loan.
Taking time to compare offers ensures smarter, more affordable borrowing decisions.
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Published: Dec 02, 2025
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