Loans compared on the true cost, not the headline rate
A loan is a promise to pay interest for years, so the number that matters is the total you repay, not the rate on the poster. This page compares home, personal, car and business loans across leading lenders, runs a real EMI calculator, and lays out eligibility, documents and the prepayment rules — so you borrow with your eyes open, or decide not to.
Start with what the loan is for
Secured loans — home and car — cost less because there is an asset behind them. Unsecured loans — personal and business — cost more and clear faster. Pick the family that fits, then compare within it.
Home loans
Purchase, balance transfer, top-up and loan against property, with the true cost after processing fees.
- Tenure up to 30 years
- Balance transfer savings modelled
- PMAY and women-borrower concessions
Personal loans
Unsecured borrowing for weddings, education, medical bills and consolidation — with honest APRs.
- ₹50,000 to ₹40,00,000
- Disbursal in 24–72 hours
- Foreclosure charges compared
Car loans
New and used car finance, secured against the vehicle, with up to 100% on-road funding for strong profiles.
- Tenure up to 8 years
- New cars priced below used
- Watch the insurance cross-sell
Business loans
Working capital and term loans for MSMEs, unsecured or under CGTMSE cover for collateral-free funding.
- Unsecured from ₹1 lakh
- CGTMSE-backed up to ₹50 lakh
- Two years of GST returns typical
| Loan type | Rate from (p.a.) | Processing fee | Max tenure | Typical max amount |
|---|---|---|---|---|
| Home loan | 8.35% | Nil – 0.50% | 30 yr | ₹10 Cr |
| Loan against property | 9.50% | Up to 1.00% | 15 yr | ₹5 Cr |
| Car loan | 9.10% | Up to 1.00% | 8 yr | ₹1 Cr |
| Personal loan | 10.49% | Up to 2.00% | 7 yr | ₹40,00,000 |
| Business loan | 14.00% | 1.00% – 3.00% | 7 yr | ₹2 Cr |
Rates are indicative floors for strong applicants, subject to change without notice, and vary with credit score, income, loan-to-value and lender policy. YouBankingBuddy is not a lender and does not sanction loans.
Home loan rates across eight lenders
Sort by any column. Rates are the published floor for salaried applicants with a credit score of 750 and above, as on 21 Jul 2026. A lower rate with a higher fee is not always cheaper — model the total before you choose.
Click a column heading to sort.
| Lender | Max amount | |||
|---|---|---|---|---|
| State Bank of IndiaPublic sector · Regular Home Loan | 8.35% | 0.35% (max ₹10,000) | 30 yr | ₹10 Cr |
| Bank of BarodaPublic sector · Baroda Home Loan | 8.40% | Nil (limited period) | 30 yr | ₹10 Cr |
| HDFC BankPrivate · Adjustable Rate Home Loan | 8.40% | 0.50% (max ₹11,800) | 30 yr | ₹10 Cr |
| ICICI BankPrivate · Home Loan Standard | 8.45% | 0.50% (min ₹3,000) | 30 yr | ₹5 Cr |
| Punjab National BankPublic sector · PNB Max Saver | 8.45% | 0.35% (max ₹15,000) | 30 yr | ₹10 Cr |
| Canara BankPublic sector · Canara Housing | 8.50% | 0.50% (max ₹20,000) | 30 yr | ₹7.5 Cr |
| Axis BankPrivate · Floating Rate Home Loan | 8.75% | 1.00% (min ₹10,000) | 30 yr | ₹5 Cr |
| IDFC FIRST BankDigital-first · Home Loan Prime | 8.85% | 0.50% (max ₹25,000) | 30 yr | ₹5 Cr |
Rates are indicative floors as on , subject to change without notice, and vary with credit score, loan-to-value and employment type. Women borrowers often receive a small concession. YouBankingBuddy is not a bank and does not sanction loans.
Personal loan rates across six lenders
Personal loans are unsecured, so pricing swings widely on your credit score and income. The rates below are floors for strong salaried profiles; your own offer may sit several points higher. Indicative, as on 21 Jul 2026.
| Lender | Max amount | |||
|---|---|---|---|---|
| HDFC BankPrivate · Personal Loan | 10.49% | Up to 1.00% | 7 yr | ₹40,00,000 |
| ICICI BankPrivate · Personal Loan | 10.75% | Up to 1.50% | 6 yr | ₹50,00,000 |
| Axis BankPrivate · Personal Loan | 10.99% | Up to 2.00% | 6 yr | ₹40,00,000 |
| State Bank of IndiaPublic sector · Xpress Credit | 11.15% | Up to 1.00% | 6 yr | ₹35,00,000 |
| Kotak Mahindra BankPrivate · Personal Loan | 10.99% | Up to 2.50% | 6 yr | ₹35,00,000 |
| IDFC FIRST BankDigital-first · Personal Loan | 10.99% | Up to 2.00% | 5 yr | ₹10,00,000 |
A personal loan is the most expensive mainstream borrowing after credit cards. Consolidating a revolving card balance at 42% into a personal loan from 10.49% helps — but only if you stop revolving. Rates are indicative and subject to change without notice.
Car and business loans
Car loans are secured against the vehicle and priced accordingly. Business loans span collateral-free working capital to CGTMSE-backed term loans. Indicative floors for strong profiles, as on 21 Jul 2026.
| Car loan lender | Funding | |||
|---|---|---|---|---|
| State Bank of IndiaPublic sector · Car Loan | 9.10% | 0.40% | 8 yr | Up to 90% on-road |
| HDFC BankPrivate · New Car Loan | 9.20% | 0.50% | 7 yr | Up to 100% ex-showroom |
| Bank of BarodaPublic sector · Auto Loan | 9.15% | 0.25% | 8 yr | Up to 90% on-road |
| Business loan lender | Facility | |||
|---|---|---|---|---|
| Bank of BarodaPublic sector · CGTMSE Working Capital | 9.60% | 0.35% | 7 yr | Collateral-free to ₹50L |
| HDFC BankPrivate · Business Growth Loan | 14.00% | Up to 2.00% | 5 yr | Unsecured, to ₹75L |
| Bajaj FinservNBFC · Business Loan | 15.00% | Up to 3.00% | 7 yr | Unsecured, to ₹80L |
Business loan pricing depends heavily on turnover, vintage and filed GST returns. Collateral-free CGTMSE facilities price well below unsecured NBFC term loans. Figures are indicative, as on , and subject to change without notice.
Run your EMI before you apply
Drag the sliders to see the monthly instalment, the total interest and the split between principal and interest. Everything computes in your browser — nothing is stored, nothing is sent.
Loan EMI calculator
From ₹1 lakh to ₹2 crore.
Home loans start at 8.35% p.a. for strong salaried profiles; personal loans from 10.49% p.a.
A longer tenure lowers the EMI and raises the total interest you pay.
Indicative only. Processing fees, insurance and statutory charges are not included. Final rates are set by the lender after credit assessment. This is an estimate, not an offer or a sanction.
How much can you actually borrow?
Lenders work to a FOIR — the share of your monthly income that may go towards all EMIs. Most cap it at 50%, some stretch to 65% for higher incomes. On ₹80,000 a month with ₹12,000 of existing EMIs, a 50% FOIR leaves ₹28,000 for a new EMI, which supports an indicative home loan of about ₹31,68,458 at 8.75% over 20 years.
Factors that affect your eligibility
Income & obligations
- Net monthly income, and how stable it is
- Existing EMIs and card dues — your FOIR
- Salaried applicants are assessed differently from the self-employed
Credit & history
- Your bureau score sets both approval and rate
- Repayment record and any settlements or defaults
- Recent hard enquiries — a cluster reads as credit hunger
The loan itself
- Loan-to-value on secured loans — the lower, the better priced
- Tenure and your age at the end of it
- The property, vehicle or business being financed
Documentation checklists
Have these ready as clear scans and most applications move faster. Your documents go to the lender's own platform — never to us.
Home loan
- PAN, Aadhaar and address proof
- 3 months' payslips, 6 months' bank statements
- 2 years' ITR if self-employed
- Property papers and sale agreement
Personal loan
- PAN, Aadhaar and address proof
- 3 months' payslips and bank statements
- Employer and designation details
- No collateral or guarantor needed
Car loan
- PAN, Aadhaar and address proof
- Income proof, as for a personal loan
- Proforma invoice from the dealer
- Vehicle serves as the collateral
Business loan
- PAN of firm and proprietor/partners
- GST returns and 2 years' ITR
- 12 months' current-account statements
- Registration and, if secured, collateral papers
Your credit score decides your rate
The gap between a 690 and a 780 score on a ₹50 lakh home loan is roughly ₹9.4 lakh in extra interest over twenty years. Here is what each band means when you apply.
Applying for a loan triggers a hard enquiry that can shave a few points off your score. Checking your own score is a soft enquiry and does not. Space applications three to six months apart.
Balance transfer and top-up
A balance transfer moves your outstanding loan to a lender offering a lower rate. It is worth most when a meaningful rate gap remains and several years of tenure are left, because the saving is largest early in the schedule. A top-up borrows a little more on the same secured loan, usually at the home-loan rate — far cheaper than a fresh personal loan.
- Weigh the new processing fee and any legal and valuation charges against the interest saved.
- A nil-fee transfer that drops the rate by even 0.50% with fifteen years to run can save several lakh.
- The same transfer with two years left rarely pays for itself.
- A top-up at the home-loan rate beats a personal loan for renovation or education funding.
Is a transfer worth it?
Rule of thumbPrepayment and foreclosure rules
Prepaying reduces your interest most when done early in the tenure. Whether it costs anything depends on the loan type. Indicative market position, as on 21 Jul 2026.
| Loan type | Part-prepayment charge | Foreclosure charge | Key condition |
|---|---|---|---|
| Home loan (floating, individual) | Nil | Nil | RBI bars charges on floating-rate individual loans |
| Home loan (fixed rate) | Usually Nil | 2% – 4% | Charged on the outstanding principal |
| Personal loan (floating) | Nil | Nil | Floating-rate individual loans are exempt |
| Personal loan (fixed) | Often after 12 EMIs | 2% – 5% | Many lenders bar prepayment in the first year |
| Car loan | Varies by lender | 3% – 6% | Charged on the outstanding principal |
| Business loan (non-individual) | Varies by lender | 2% – 5% | Not covered by the individual-borrower exemption |
Charges are indicative of the market, not any single lender's schedule, and exclude GST at 18% where applicable. Always confirm the exact charge in your sanction letter. Prepay early, when the interest component of each EMI is largest.
From comparison to disbursal
Four steps, no salesperson. You compare here, apply directly with the lender, and we stay available to explain the trade-offs. We are paid a flat referral fee only if a loan is disbursed, so we have no reason to push you towards borrowing you do not need.
Compare and run the numbers
Use the tables and the EMI calculator to find the true cost of each option. No PAN, no OTP, no credit pull at this stage.
About 15 minutesTalk it through, free
A buddy from the research desk calls back within one working day to explain the trade-offs. We will happily tell you not to borrow.
Within 1 working dayApply directly with the lender
You apply on the bank's own platform with your documents. They pull your bureau report, verify income and complete KYC.
2–7 working daysSanction and disbursal
If approved, the lender issues a sanction letter and disburses the loan. Read the sanction terms — rate reset, fees and prepayment rules — before you sign.
3–14 working daysLoan questions we answer every week
An EMI, or equated monthly instalment, is worked out with the formula EMI = P x i x (1+i)^n divided by ((1+i)^n minus 1), where P is the principal, i is the monthly interest rate — the annual rate divided by twelve and by a hundred — and n is the number of months. For example, a home loan of ₹50,00,000 at 8.35% a year over 20 years gives an indicative EMI of ₹42,918, and total interest of ₹53,00,236 over the full term. Our EMI calculator runs this exact formula in your browser.
FOIR, the fixed obligations to income ratio, is the share of your net monthly income a lender will let go towards all EMIs combined, including the new loan. Most lenders cap it at about 50%, stretching to 60–65% for higher incomes. If you earn ₹80,000 a month and already pay ₹12,000 in EMIs, a 50% FOIR leaves ₹28,000 for a new EMI — which supports an indicative home loan of around ₹31,68,458 at 8.75% over 20 years. Our eligibility checker runs the same arithmetic with no credit-bureau pull.
No. Checking eligibility on YouBankingBuddy is a purely arithmetical estimate that runs on your device and involves no contact with any credit bureau, so it leaves no footprint on your report. A hard enquiry, which can shave a few points off your score, happens only when you submit a formal application and a lender pulls your bureau report. Several such enquiries in a short window read as credit hunger, so space your applications out.
For floating-rate loans taken by individuals, the RBI does not permit banks to charge a prepayment or foreclosure penalty, so home loans and most personal loans on a floating rate can be closed early at no charge. Fixed-rate loans, and loans to non-individuals, may carry a foreclosure charge of typically 2% to 5% of the outstanding principal. Always confirm the charge in your sanction letter, and prepay early in the tenure, when the interest component of each EMI is largest.
A balance transfer moves your outstanding loan to a new lender offering a lower rate. It is usually worth it when a meaningful rate gap remains and you still have several years of tenure left, because the saving is largest early in the schedule. Always weigh the new lender's processing fee and any legal and valuation charges against the interest saved. A nil-fee transfer that drops your rate by half a percent with fifteen years to run can save several lakh; the same transfer with two years left rarely pays for itself.
No. YouBankingBuddy is an independent comparison and lead-generation platform operated by Catalyst Web Trendz Pvt. Ltd. We are not a bank, an NBFC or a broker. We cannot sanction, approve, price, guarantee or disburse any loan. Every application is assessed by the lender under its own credit policy, and all rates, fees and eligibility criteria shown here are indicative and subject to change without notice, and rest entirely on the lender's approval.
Tell us what you need. We will find the cheapest way to borrow it.
Send us the loan type, amount and tenure, and a buddy from the research desk returns a written comparison within one working day — with the true cost of each option on your profile. Not a sales pitch, and sometimes a recommendation to wait and save instead.
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