WishfinBest Personal Loan in India:
Rates, Fees & Approval — Compared
We reviewed the top personal loan lenders in India — interest rates, processing fees, disbursal speed, and eligibility. Here's what we found.
Quick Summary
🏆 Top Pick: Unity Small Finance — flexible rates, self-employed friendly
💼 Highest loan: Ramfincorp — up to ₹8 Lakhs (bad credit ok)
⚡ Fixed Rate Option: Poonawalla — 16-18%, zero foreclosure charges
📉 Low CIBIL options: KreditBee, Ramfincorp
9.95%
Lowest Rate Available
₹20 Lakhs
Max Loan Amount
5 Min
Fastest Disbursal
5
Lenders Compared
How we rank these lenders
Rankings are based on interest rate, processing fee, disbursal speed, eligibility flexibility and customer experience — weighted for typical borrowers in 2026. All lenders are RBI-regulated partners. We update this list monthly.
Top Personal Loans — Ranked for 2026
Sorted by overall value for borrowers. Click any lender to check your personalised offer.
Best for: Salaried & self-employed, flexible repayment
Customer rating
Best for: Salaried individuals wanting fixed, transparent rates
Customer rating
Best for: Those with low or no credit history
Customer rating
Best for: Emergency loans with bad credit
Customer rating
Interest Rate
Starting 35% p.a.
Bad credit accepted
Max Amount
Up to ₹8 Lakhs
Tenure
Flexible
Processing Fee
Minimal
Pros
Cons
Quick Comparison Table
Key numbers side by side — helpful before you decide.
| Lender | Rate (p.a.) | Max Loan | Processing Fee | Disbursal | Customer Rating |
|---|---|---|---|---|---|
| 🔷 Unity SFB★ Top | 15.5%–26% | ₹15 Lakhs | Minimal | 2–5 days | 4.5/5 |
| 💼 Poonawalla | 16%–18% | ₹5 Lakhs | Minimal | 2–3 days | 4.3/5 |
| 🐝 KreditBee | 12%–28.5% | ₹5 Lakhs | Minimal | Minutes | 4.0/5 |
| 🏦 Ramfincorp | 35%+ | ₹8 Lakhs | Minimal | 1–3 days | 3.7/5 |
What to Check Before Choosing a Personal Loan
Most people only look at the EMI. These 6 factors actually determine the real cost of your loan.
Interest Rate
Always compare the APR, not just the advertised rate.
Processing Fee
Can add ₹2,000–₹15,000 to your total cost. Some lenders charge zero.
Disbursal Speed
Matters most for emergencies. Ranges from 5 minutes to 3 days.
Tenure Flexibility
Longer tenure = lower EMI but higher total interest paid.
Foreclosure Charges
Closing early can cost 2–5% extra. Zero-charge lenders save money.
Eligibility Norms
Low CIBIL? Some lenders are more flexible than others.
Our recommendation: Start with Unity Small Finance — flexible repayment and welcoming to both salaried and self-employed borrowers. If your CIBIL score is low, go with KreditBee or Ramfincorp. For a fully fixed, transparent rate, Poonawalla is a solid choice.
What Borrowers Say
"Got ₹4 Lakhs from Unity Small Finance with minimal paperwork. The process was smooth and they understood my self-employed income well."
Ravi S., Bangalore
"Used Wishfin Portal and got 4 different offers. Picked the one with the lowest EMI. Saved around ₹40,000 in total interest."
Priya M., Mumbai
"KreditBee worked for me when my CIBIL was low. Not the lowest rate, but the only one that said yes quickly."
Suresh K., Chennai