All guides

How fixed and floating personal loan rates work in India, what EBLR and MCLR mean, how resets happen and what RBI lets you choose when a floating rate rises.

The factors Indian lenders use to price a personal loan — credit score, income, employer category, FOIR, loan size and tenure — and what you can change before applying.

What RBI's Key Fact Statement must show for loans sanctioned from 1 October 2024, how APR differs from the interest rate, and what to check before you sign.

When Indian lenders can and cannot charge for closing a personal loan early, the 2025 RBI pre-payment directions, how to foreclose, and when foreclosing saves money.

How credit life and loan protection cover is bundled with Indian personal loans, how the premium shows up in the KFS and APR, and how to decide, refuse or cancel it.

How Indian banks, NBFCs and app lenders set personal loan interest rates in 2026, what the APR adds, which charges apply and which RBI rules protect borrowers.

Every charge on an Indian personal loan — processing fee with 18% GST, stamp duty, bounce and penal charges, foreclosure fees — and how each changes the cost you pay.

Compare three illustrative personal loan offers on APR, net amount received and total outgo, and learn why the lowest headline rate is often not the cheapest loan.

How flat-rate quotes work on Indian consumer and personal loans, how to convert a flat rate to a reducing-balance rate, and worked examples with the arithmetic shown.

How a personal loan balance transfer works in India, how to count foreclosure charges and new fees, worked break-even examples, and when a top-up loan beats a new loan.

The KYC, income and bank documents Indian lenders usually ask for on a personal loan, how video KYC and Account Aggregator consent work, and what to keep after disbursal.

How Indian banks and NBFCs work out how much personal loan you can get from your income, existing EMIs and credit report, with FOIR worked examples and ways to improve eligibility.

The reducing-balance EMI formula Indian lenders use, step-by-step arithmetic, how each EMI splits into interest and principal, and checklists for every personal loan sum.

What happens when you prepay part of a personal loan in India, how much interest each option saves, how prepayment charges change the result and the steps to do it.

Worked comparison of personal loan tenures in India, how tenure affects EMI, total interest and eligibility, and a decision method for choosing the right repayment period.

How credit reports and scores from India's four credit bureaus affect personal loan approval and rate, how to get a free report, fix errors, and what changed in reporting in 2026.

What RBI's Digital Lending Directions 2025 require of personal loan apps, how to check an app in RBI's directory, the cooling-off period, and what to do about illegal lenders.

What happens after a missed personal loan EMI in India — bounce and penal charges under RBI's 2024 rules, overdue stages, credit report effects, restructuring and one-time settlement.

A directory of the official bodies, portals and helplines to check personal loan rules in India — RBI directions, the app directory, CICs, Sachet, CMS, cybercrime and IRDAI.

Step-by-step complaint route for personal loan problems in India — the lender's grievance officer, the RBI Integrated Ombudsman Scheme 2026 on cms.rbi.org.in, time limits and compensation.

The most common and expensive personal loan mistakes in India, from comparing headline rates and stacking app loans to settling a loan, with fixes and official routes for help.

The RBI conduct rules for recovery agents on personal loans — calling hours, no threats or intimidation, ID and authorisation — and step-by-step actions if you are harassed.