Top Personal Loan Schemes in India 2025: A Complete Guide to Choosing the Best Option

Personal loans have become one of the most convenient financial tools for Indians in 2025. Whether you want to cover emergency medical expenses, fund a dream wedding, pay for higher education, or simply consolidate debt, a personal loan can be a quick fix without needing to pledge collateral.

But here’s the catch—India’s personal loan market is crowded with dozens of banks, NBFCs, and even fintech apps. Each lender offers its own interest rates, loan amounts, and repayment flexibility. Choosing the right one can make a difference of lakhs of rupees over your repayment journey.

In this detailed guide, we’ll walk you through the top personal loan schemes in India for 2025, compare their features, and help you make an informed decision.

Why Personal Loans Are Popular in 2025

• Quick access to funds: Most banks and apps disburse within 24–48 hours.

• No collateral required: Unlike home or gold loans, you don’t need to mortgage property or assets.

• Flexible use: You can use it for education, medical needs, travel, or even to start a small business.

• Wide choice of lenders: From government banks to fintech startups, the options are endless.

Top Personal Loan Schemes in India 2025

Here’s a curated list of the leading personal loan providers this year:

1. State Bank of India (SBI)

• Interest Rate: 10.05% – 15.05% p.a.

• Loan Amount: Up to ₹35 Lakh

• Tenure: Up to 6 years

• Best For: Government employees, pensioners, and those looking for trusted public-sector reliability

2. HDFC Bank

• Interest Rate: 10.90% – 24.00% p.a.

• Loan Amount: Up to ₹40 Lakh

• Tenure: 3 to 72 months

• Best For: Salaried professionals looking for higher loan amounts and flexible EMIs.

3. ICICI Bank

• Interest Rate: 10.60% – 16.50% p.a.

• Loan Amount: Up to ₹50 Lakh

• Tenure: Up to 7 years

• Highlight: No foreclosure charges after 12 EMIs—great if you want to prepay early.

4. Axis Bank

• Interest Rate: 9.90% – 21.55% p.a.

• Loan Amount: ₹50,000 – ₹40 Lakh

• Tenure: 1 to 7 years

• USP: Hassle-free approvals with minimal paperwork

5. HSBC Bank

• Interest Rate: 9.89% – 14.00% p.a.

• Loan Amount: ₹75,000 – ₹30 Lakh

• Tenure: 6 months to 5 years

• USP: Attractive discounts for existing HSBC customers.

7. Moneyview (Fintech App)

• Interest Rate: Starts at 14% p.a.

• Loan Amount: ₹5,000 – ₹10 Lakh

• Tenure: Up to 5 years

• Best For: Instant approval and same-day disbursal via app

8. Punjab National Bank (PNB)

• Interest Rate: 11.50% – 17.05% p.a.

• Loan Amount: Up to ₹20 Lakh

• Tenure: Up to 5 years

• USP: Loans up to 24 times your monthly salary.

Lender	Interest Rate (p.a.)	Loan Amount	Tenure	USP
SBI	10.05% – 15.05%	Up to ₹35 Lakh	Up to 6 years	Trusted PSU bank, low rates
HDFC BANK	10.90% – 24.00%	Up to ₹40 Lakh	3 – 72 months	High loan amounts, flexible EMIs
ICICI BANK	10.60% – 16.50%	Up to ₹50 Lakh	Up to 7 years	No foreclosure after 12 EMIs
AXIS BANK	9.90% – 21.55%	₹50K – ₹40 Lakh	1 – 7 years	Quick approvals, minimal paperwork
Bajaj Finserv	10% – 31%	₹40K – ₹55 Lakh	Up to 7 years	Flexi Hybrid loans with interest-only EMIs

Government Loan Schemes to Consider in 2025

Apart from traditional banks, the Government of India also runs several loan schemes to promote financial inclusion.

1. MSME Loan Scheme – Loans up to ₹1 crore, interest rates as low as 8%.

2. Pradhan Mantri MUDRA Yojana (PMMY) – Collateral-free loans for small businesses and women entrepreneurs.

3. SIDBI Loans – Funding up to ₹25 crore for MSMEs, repayment up to 10 years.

4. Credit-Linked Capital Subsidy Scheme (CLCSS) – Support for upgrading technology.

5. NSIC Credit Support – Working capital and marketing support for small industries.

 While these aren’t strictly personal loans, they are a great alternative if you’re starting a small business or side hustle.

How to Choose the Right Loan in 2025

Here are some tips before signing on the dotted line:

 Compare interest rates – Even a 1% difference can save you thousands.
 Check processing fees – Some banks charge up to 3.5% of the loan amount.
 Understand prepayment rules – Opt for lenders with low or no foreclosure charges.
 Match loan tenure with affordability – Short tenures mean higher EMIs but less interest overall.
 Look at digital convenience – Apps like Moneyview and Bajaj Finserv offer instant approvals.

Final Thoughts

The best personal loan scheme in India for 2025 will depend entirely on your needs.

• For large loan amounts → ICICI, Bajaj Finserv, and HDFC stand out.

• For quick disbursal → Moneyview and Axis Bank are solid picks.

• For lower rates → Public sector banks like SBI and HSBC are strong contenders.

• For entrepreneurs → Government schemes like PMMY and SIDBI can give you an extra edge.

At the end of the day, always borrow responsibly. Remember, a personal loan is a liability, not free money. Choose wisely, pay on time, and it can be a powerful tool to achieve your financial goals in 2025.

Top Personal Loan Schemes in India 2025

Personal loans in 2025 are more popular than ever, offering quick cash for weddings, education, medical needs, or emergencies. With no collateral required and flexible EMIs, top lenders like SBI, HDFC, ICICI, and Bajaj Finserv provide loan amounts up to ₹55 lakh with attractive interest rates starting from 9.89% annually.

Best Banks & NBFCs

Public sector banks such as SBI, PNB, and UCO Bank remain reliable with lower interest rates, while private banks like HDFC and Axis ensure faster approvals. Bajaj Finserv’s Flexi Hybrid loans and fintech apps like Moneyview bring digital convenience and instant disbursal, making them strong options for young professionals in 2025.

Government Loan Schemes

Apart from banks, government-backed schemes like MSME Loan, PMMY, and SIDBI offer affordable credit for entrepreneurs and small businesses. These programs provide collateral-free funding, low rates, and flexible repayment terms. Whether for personal needs or business growth, comparing features and charges is essential to choosing the best loan scheme this year.

Top 5 Personal Loan Apps in India 2025: Instant Approval & RBI Approved Loan Apps

In today’s fast-paced world, unexpected financial needs can arise anytime—whether it’s a sudden medical bill, urgent travel, education fees, or home renovation. Instead of depending on traditional banks and lengthy paperwork, millions of Indians now prefer instant personal loan apps. These apps offer quick cash loans online, hassle-free approvals, and instant money disbursal directly into your bank account.

If you’re searching for the best personal loan apps in India for 2025, this blog covers the top 5 RBI-approved loan apps that are safe, secure, and trusted by millions of users.

1. MoneyView Loan App

MoneyView has become one of the most popular instant loan apps in India, trusted by over 60 million users. With flexible loan options and a simple application process, it’s ideal for salaried as well as self-employed individuals.

Key Highlights:

• Loan Amount: ₹5,000 to ₹10 Lakh

• Interest Rate: Starting from 14% p.a.

• Tenure: 3 to 60 months

• Instant eligibility check in 2 minutes

• Disbursal within 24 hours

 Best For: Individuals looking for a quick personal loan online with minimal documentation and flexible repayment.

2. Bajaj Finserv Loan App

Bajaj Finserv is one of India’s leading financial service providers and offers personal loans up to ₹55 Lakh. It comes with multiple loan variants and flexible EMI options, making it perfect for bigger expenses.

Key Highlights:

• Loan Amount: ₹20,000 to ₹55 Lakh

• Interest Rate: 10% – 31% p.a.

• Tenure: Up to 96 months

• 100% paperless process

• Option to withdraw funds as needed (Flexi Loan)

 Best For: Weddings, higher education, or medical emergencies where high-value loans are required.

3. KreditBee Loan App

KreditBee is one of the fastest-growing instant loan apps for salaried professionals and young borrowers. It provides small-ticket loans that can be approved and disbursed in just a few minutes.

Key Highlights:

• Loan Amount: ₹6,000 to ₹10 Lakh

• Interest Rate: 12% – 28.5% p.a.

• Tenure: 6 to 60 months

• Approval within 10 minutes

• Paperless KYC

 Best For: First-time borrowers and individuals in urgent need of emergency loan apps in India.

4. Navi Personal Loan App

Navi is a tech-driven loan app offering personal loans with low EMIs and long repayment tenures. It has become highly popular due to its user-friendly interface and transparent loan process.

Key Highlights:

• Loan Amount: Up to ₹20 Lakh

• Interest Rate: 9.9% – 26% p.a.

• Tenure: Up to 84 months

• Instant loan approval

• Easy EMI calculator

 Best For: Users looking for long-tenure loans with manageable EMIs.

5. CASHe Loan App

CASHe has introduced innovative lending by using a Social Loan Quotient (SLQ) score to determine borrower eligibility. It’s especially popular among salaried individuals in metro cities.

Key Highlights:

• Loan Amount: ₹45,000 to ₹3 Lakh

• Interest Rate: 2.79% – 3% per month

• Tenure: 2 to 18 months

• Quick loan disbursal

• Loyalty benefits for repeat borrowers

💡 Best For: Short-term personal loans with quick approvals for salaried professionals.

Why Choose RBI Approved Loan Apps in India?

Before applying for a loan, it’s crucial to ensure that the app you’re using is RBI-registered or partnered with an RBI-approved NBFC. This ensures:
 Transparency in loan charges and interest rates
 Data security and privacy protection
 Legal redressal in case of disputes
 Quick loan disbursal with fair repayment terms

Always download apps from the Google Play Store or Apple App Store and avoid third-party APKs to protect yourself from fraud.

Tips to Get Instant Personal Loan Approval

• Maintain a CIBIL score above 700 for better offers.

• Keep your PAN, Aadhaar, salary slips, and bank statements ready.

• Apply only with trusted loan apps in India.

• Compare interest rates & processing fees before choosing an app.

• Opt for apps with flexible EMI options to avoid financial burden.

Conclusion

Getting a personal loan in India has never been easier. Whether you need ₹10,000 for emergencies or ₹20 Lakh for a wedding or education, apps like MoneyView, Bajaj Finserv, KreditBee, Navi, and CASHe provide instant solutions with RBI-approved loan platforms.

These loan apps combine convenience, speed, and security, making them the best personal loan apps in India 2025. So, the next time you face an urgent financial need, download one of these apps and get funds credited within hours!





FAQs on Personal Loan Apps in India

Q1. Which is the best personal loan app in India for instant approval?
MoneyView and KreditBee are among the fastest apps, offering approval in minutes.

Q2. Can I get a loan without a credit score?
Yes, apps like Navi and Fibe (EarlySalary) provide loans even without a strong credit history.

Q3. Are these loan apps safe?
Yes, as long as you choose RBI-approved loan apps, your data and money are secure.

Q4. What is the maximum loan amount I can get from these apps?
Depending on the app, you can borrow anywhere between ₹5,000 to ₹55 Lakh.

Q5. How fast is the loan disbursal process?
Most apps disburse loans within 24 hours, while KreditBee and CASHe can credit money within minutes.