INCOME TAX15 Sept 2026
Personal loan interest rates September 2026: Axis Bank, HDFC, ICICI and 5 others start at 8.90% | Mint
Planning a personal loan? Leading private banks like Axis, HDFC and ICICI now start at 8.90% a year, as of September 2026. A ₹5 lakh loan over five years costs about ₹10,355 monthly at that rate. But your final rate depends on your credit score, income and repayment history. Compare rates, processing fees and foreclosure charges before you apply.
Key Statutory Highlights
- Personal loan interest rates at eight private-sector banks start at 8.90% per annum as of 9 September 2026, according to Paisabazaar data.
- A ₹5 lakh loan repaid over five years costs about ₹10,355 a month at 8.90%, but roughly ₹11,895 a month at 15%.
- The lowest advertised rate is not guaranteed, because banks set your final rate based on your credit history, credit score, income, employment history and repayment history.
Actionable Advice for Taxpayers / Founders:Before applying, ask each bank for the final rate offered to you, along with processing fees, applicable taxes and foreclosure charges, and check that the EMI fits your monthly budget.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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