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Key Takeaways
Axis Bank’s personal loans start at 8.95% per annum as of June 2026. That is the lowest starting rate among private lenders this month, dated 17 June 2026.
HDFC Bank and ICICI Bank are both at 9.99%. IndusInd Bank at 10.49%. Kotak Mahindra Bank at 10.99%. These are floor rates. A CIBIL score below 750 will push your rate higher at every bank on this list.
Yes. On a ₹5 lakh loan over 5 years, Axis Bank’s 8.95% gives an EMI of ₹10,367. HDFC Bank and ICICI Bank at 9.99% give ₹10,621. That ₹254 monthly difference adds up to ₹15,240 over the loan tenure.
Then there are processing fees. Kotak Mahindra Bank charges up to 5%. On a ₹5 lakh loan, that is ₹25,000 before repayment even starts. HDFC Bank’s flat ₹6,500 looks better on small amounts. On a ₹10 lakh loan, ICICI Bank and Axis Bank’s 2% becomes ₹20,000.
As per LoansJagat, the number of salaried personal loan applicants in 2025 was 68%. These individuals are eligible to get interest rates close to the quoted rate, but only if their CIBIL score is above 750.
Most personal loans in India carry fixed rates. The RBI’s rate cuts in 2025 did not reduce EMIs for anyone already holding a loan. Only new applicants benefit. The repo rate has been 5.25% since December 2025. RBI held it unchanged in April 2026. The next meeting is in August 2026. No cut is announced.
Financebuddha.com notes that salaried borrowers with CIBIL scores above 750 typically receive rates between 10% and 12% in 2026. Anything under 10% goes to the top credit profiles. Before signing, get the foreclosure and prepayment penalty terms in writing. Banks are not required to bring these up.
Axis Bank’s 8.95% is the lowest private bank rate in June 2026. The rate you get depends on your CIBIL score, income, and which bank you already have a relationship with. Do not pick a lender on interest rate alone. Add up the processing fee, prepayment penalty, and total repayment before deciding.
What is Axis Bank’s personal loan interest rate in June 2026 compared to HDFC Bank and ICICI Bank?
Axis Bank starts at 8.95% per annum in June 2026. HDFC Bank and ICICI Bank both start at 9.99%. Kotak Mahindra Bank is the most expensive at 10.99%. These are floor rates for borrowers with CIBIL scores above 750.
Which private bank should I pick for a personal loan in June 2026?
Axis Bank’s 8.95% rate is the lowest. But check fees too. HDFC Bank charges a flat ₹6,500. Axis Bank and ICICI Bank charge up to 2% of the loan amount. On a ₹5 lakh loan, that 2% becomes ₹10,000 upfront.
9.99% onwards
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