Personal Loan Interest Rates
Complete transparency with zero hidden charges. Check our latest interest rates and charges.
Interest Rate Slabs
Rates starting from 10.99% p.a. based on loan amount and profile
| Loan Amount | Interest Rate (p.a.) | Processing Fee | Tenure | Best For |
|---|---|---|---|---|
| ₹50,000 - ₹2,00,000 | 10.99% - 14% | 1.5% - 2.5% | 6 - 36 months | Medical, Travel |
| ₹2,00,001 - ₹5,00,000 | 12% - 16% | 1.5% - 2.5% | 12 - 48 months | Wedding, Home |
| ₹5,00,001 - ₹10,00,000 | 11% - 15% | 2% - 3% | 12 - 60 months | Renovation, Education |
| ₹10,00,001 - ₹15,00,000 | 13% - 18% | 2% - 3% | 24 - 60 months | Business, Debt |
Factors Affecting Your Interest Rate
What determines the rate you get?
CIBIL Score
Higher score = Lower interest rate
Income Level
Higher income = Better rates
Employment Type
Salaried vs Self-Employed
Loan Amount
Higher amount may get better rates
Loan Tenure
Shorter tenure = Lower rates
Existing Customer
Loyalty benefit
Special Discounts on Interest Rates
Women Applicants
0.50% discount on applicable rateGovernment Employees
0.50% discount on applicable rateHealthcare Workers
0.25% discount + 0% processing feeBalance Transfer
0.50% discount on existing loan takeoverInterest Rate Comparison
How we compare with other lenders
| Lender | Interest Rate (p.a.) | Processing Fee | Prepayment | |
|---|---|---|---|---|
| Shreedhan Finance | 10.99% - 18% | 1% - 3% | 0% after 6 months | Best Offer |
| Banks (Average) | 10.50% - 24% | 0.5% - 3% | 2% - 5% | |
| Other NBFCs | 11% - 26% | 1% - 4% | 2% - 4% | |
| Digital Lenders | 12% - 36% | 2% - 6% | 3% - 5% |
Calculate Your EMI
Know your monthly payment before applying
Frequently Asked Questions
Common questions about interest rates
Interest on personal loan is calculated on reducing balance method. EMI = P x R x (1+R)^N / [(1+R)^N-1] where P = Principal, R = Monthly interest rate, N = Number of months.
Yes, rates are negotiable based on your CIBIL score, income, and relationship with the company. Existing customers and high credit score applicants get better rates.
CIBIL score of 750 and above is considered excellent and helps you get the lowest interest rates. Scores between 650-749 may get moderate rates.
No, Shreedhan Finance believes in complete transparency. All charges including processing fee, GST, and prepayment charges are disclosed upfront. There are no hidden charges.