How banks, NBFCs and digital lenders set personal loan rates, every fee you can be charged, and the RBI rules on KFS, foreclosure, resets and insurance in force in 2026.
A personal loan in India is unsecured, so the lender prices it mainly on you: your credit score and repayment history, your income and employer, the EMIs you already pay and the lender's own cost of funds. Most bank and NBFC personal loans are fixed-rate; some banks offer floating-rate loans linked to an external benchmark such as the RBI repo rate. On top of the interest rate come the processing fee with 18% GST, stamp duty, insurance that is often sold alongside, and contingent charges such as penal charges and foreclosure fees.
Start with the overview of personal loan interest rates in India, which links to every guide in this section. The others explain how lenders build your rate, fixed versus floating (EBLR and MCLR), the Key Fact Statement and APR, processing fees and GST, foreclosure and prepayment charges under the RBI's 2025 directions, and insurance bundled with a loan.
All rates in examples are illustrative, not offers or market averages. Check the lender's published rate card and your own Key Fact Statement, and the Reserve Bank of India for the current policy repo rate.
Rates, Charges and 2026 Rules
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.
Rates, Charges and 2026 Rules
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.
Rates, Charges and 2026 Rules
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.
Rates, Charges and 2026 Rules
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.
Rates, Charges and 2026 Rules
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.
Rates, Charges and 2026 Rules
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.
Rates, Charges and 2026 Rules
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.
