The festive season — Karva Chauth, Diwali, and Chhath — often brings extra expenses. Many people turn to personal loans to manage purchases and celebrations. If you plan to borrow ₹1 lakh, here’s a list of 13 banks offering the lowest interest rates in 2025, along with EMI estimates and total cost:

🏦 1. bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>state bank of india (SBI)

  • Interest Rate: 10.50% – 14% p.a.
  • EMI for ₹1 Lakh (12 months): ₹8,875 approx.
  • Total Cost: ₹1,06,500

🏦 2. hdfc Bank

  • Interest Rate: 11% – 15% p.a.
  • EMI for ₹1 Lakh (12 months): ₹8,900 approx.
  • Total Cost: ₹1,06,800

🏦 3. ICICI Bank

  • Interest Rate: 11.25% – 15% p.a.
  • EMI for ₹1 Lakh (12 months): ₹8,925 approx.
  • Total Cost: ₹1,07,100

🏦 4. Axis Bank

  • Interest Rate: 11.50% – 15.5% p.a.
  • EMI for ₹1 Lakh (12 months): ₹8,950 approx.
  • Total Cost: ₹1,07,400

🏦 5. mahindra BANK' target='_blank' title='kotak mahindra-Latest Updates, Photos, Videos are a click away, CLICK NOW'>kotak mahindra Bank

  • Interest Rate: 11.75% – 16% p.a.
  • EMI for ₹1 Lakh (12 months): ₹8,975 approx.
  • Total Cost: ₹1,07,700

🏦 6. punjab National bank (PNB)

  • Interest Rate: 10.75% – 14.5% p.a.
  • EMI for ₹1 Lakh (12 months): ₹8,885 approx.
  • Total Cost: ₹1,06,600

🏦 7. bank of Baroda

  • Interest Rate: 10.80% – 14.25% p.a.
  • EMI for ₹1 Lakh (12 months): ₹8,890 approx.
  • Total Cost: ₹1,06,700

🏦 8–13. Other Banks with Competitive Rates

  • IDFC First Bank: 11% – 14.5% p.a.
  • Union bank of India: 10.95% – 14.25% p.a.
  • Canara Bank: 10.85% – 14% p.a.
  • IndusInd Bank: 11.25% – 15% p.a.
  • HDFC Ltd Personal Loan: 11% – 15% p.a.
  • Syndicate Bank: 10.80% – 14.25% p.a.

💡 Tips to Get the Best EMI Deals

  • Compare interest rates and processing fees before applying.
  • Maintain a good CIBIL score to avail lower rates.
  • Opt for shorter tenures if you can, to reduce total interest paid.


Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

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Balasahana Suresh

19/09/2025 08:06 AM