Compare personal loans

With competitive fixed rates and a generous loan tenure of up to 84 months, SBI's New Car Loan is appealing for those looking to finance a new vehicle. However, the requirement of a minimum annual income of ₹3 lakh may exclude some potential borrowers.

HDFC Bank charges a premium on interest rates compared to PSU banks, but makes up for it with significantly faster processing and a smoother application experience. The unsecured limit of up to ₹50 lakh at select premier institutes is exceptionally generous.

The Kotak Mahindra Bank Personal Loan offers a convenient, fully digital application process with competitive interest rates, making it an attractive option for borrowers with good credit.

With an APR range of 8.75% to 12.5%, Axis Bank's car loan is a good option for those seeking quick funding and flexible terms. However, applicants should be prepared for the income verification process, which can be stringent.

Axis Bank straddles the line between PSU affordability and private bank speed. The rate range is wide (6.90%-13.50%), meaning premier-institute students get near-PSU rates while others may face steep costs. Good for study-abroad financing with higher loan limits.

HDFC Bank offers competitive personal loans with quick disbursal options, making it appealing for urgent financial needs.

Best balance of rates and speed from Indias leading private bank.

ICICI Bank's standout feature is the massive ₹3 crore loan limit — the highest among major Indian banks — and the generous ₹20 lakh no-margin threshold. Rates are mid-range for a private bank, and the flexible repayment structures (PSI/SI/EMI) genuinely help students manage cash flow during the moratorium period.

Poonawalla Fincorp offers a reliable personal loan solution with competitive rates and a quick online application process.

Good option with doorstep service and quick turnaround.

PNB's Saraswati scheme offers some of the lowest education loan rates in India at 6.85% p.a. for premier institutes. The 0.50% concession for female students and nil processing fees are genuine advantages. However, the scheme is heavily focused on merit-based admissions and may not suit students at non-premier institutions.

Axis Bank offers competitive personal loan rates with flexible repayment options, making it a solid choice for borrowers with a good credit score.

Strong digital experience for tech-savvy bike buyers.

Bank of Baroda matches SBI on rates (sometimes even beats it at 6.85%) and offers one of the highest loan limits among PSU banks at ₹1 crore. The multiple scheme options (Vidya, Gyan, Scholar) give genuine flexibility, though navigating which scheme you qualify for can be confusing.

SBI Personal Loan offers competitive interest rates, making it a solid choice for borrowers with high credit scores.

ICICI Bank's car loans provide a flexible financing option for buyers looking for competitive rates and quick approval.

Canara Bank's Vidya Turant is a standout PSU education loan — the 7.35% starting rate is competitive, and the ₹1 crore limit under the master's degree scheme matches the best in the industry. The scheme categorisation by institution type gives genuine rate advantages to premier institute students.

Tata Capital provides a strong offering with quick approvals and a wide loan amount range. However, borrowers should be cautious of the higher interest rates that can reach up to 24% p.a.

Best for Hero brand buyers with seamless dealership financing.

SBI's Student Loan Scheme is one of the most affordable education loan options in India thanks to PSU bank rates. The no-collateral limit of ₹7.5 lakh makes it accessible for domestic studies, and the 0.50% concession for female students is a genuine saving. Processing is slower than private banks, but the rate advantage is hard to beat.