Best personal loan offers in July 2025: Check interest rates of top banks, processing fee and other details

Personal loans help with unplanned expenses and debt. These are unsecured loans, so no collateral is needed. Interest rates depend on factors like CIBIL score. Many banks have reduced lending rates after the Reserve Bank of India rate cut. This makes personal loans cheaper. Bank of Maharashtra offers competitive rates, followed by Punjab & Sind Bank and Canara Bank.