Compare Loan Interest Rates (2026)

A **Fixed Interest Rate** remains unchanged throughout the tenure of the loan, regardless of market fluctuations. It provides predictable monthly payments. A **Floating Interest Rate** is linked to a benchmark (like RBI's repo rate) and varies according to market dynamics. Typically, floating rates are slightly lower initially than fixed rates.

**RLLR (Repo Linked Lending Rate)** is a floating lending benchmark directly tied to the Reserve Bank of India's (RBI) Repo Rate. When the RBI alters its repo rate, banks immediately adjust their RLLR. This ensures greater transparency and swift transmission of monetary policies directly to retail borrowers.

**Processing fees** are upfront administrative charges levied by banks to process your loan application. It ranges from **0.25% to 2.50%** of the loan amount, sometimes capped at a maximum limit (e.g., Max ₹10,000). Many banks occasionally waive processing fees during festive campaigns or special digital offerings.

Banks evaluate several criteria to assign your interest rate range: 1. **Credit Score (CIBIL)**: Scores above 750 secure the lowest interest bracket. 2. **Employment Type**: Salaried professionals generally get slightly lower rates compared to self-employed individuals. 3. **Income and Repayment Capacity**: Lower debt-to-income ratios attract competitive offers. 4. **Collateral/Security**: Secured loans (like gold or property loans) have lower interest rates than unsecured personal loans.