Why Choose a Personal Loan in 2025?
In 2025, personal loans have become one of the fastest, most flexible ways to fund your needs — be it a medical emergency, a wedding, home renovation, or a dream vacation. With many banks and NBFCs offering instant approvals and digital processes, it's easier than ever to get a loan in minutes.
But the question is: Which personal loan provider is best for you?
Let’s explore the top 5 personal loans in India based on approval speed, benefits, ratings, and user reviews.
Comparison Table: Top 5 Personal Loans at a Glance
1. Bajaj Finserv Personal Loan
Rating: ⭐⭐⭐⭐☆
Key Benefit : Instant personal loan in online process, low interest rates
Overview: Bajaj Finserv offers instant personal loans up to ₹50 lakhs, making it ideal for high-value needs. Their online process is fast and hassle-free.
Review: Bajaj Finserv’s personal loan has several benefits, like low interest rates and a wide range of lending partners. But its strict eligibility criteria and prepayment charges might be an objection for some.
Pros:
Low interest rates.
Fully digital process
Cons:
Strict eligibility criteria
Prepayment charges
2. Tata Neu Personal Loan
Rating: ⭐⭐⭐⭐⭐
Max Loan: Rs. 10 lakhs
Key Benefit: Instant loan approval
Overview: Tata Neu’s personal loan comes with multiple perks, such as instant loan approval and a flexible repayment period of 60 months.
Review: Tata Neu provides quick digital personal loans ranging from ₹10,000 to ₹10 lakh with 12-60 month repayment terms. Interest rates range from 10.99% to 29%, based on your credit score and profile.
Pros:
Instant Approval: 10 minutes.
100% digital paperless process.
Flexible repayment upto 60 months
Cons:
High CIBIL score [720+] is a prerequisite.
3. Moneycontrol Personal Loan
Rating: ⭐⭐⭐⭐☆
Max Loan: Rs 50 lakhs.
Key Benefit: Quick and online loan process
Overview: Moneycontrol offers a swift, entirely online loan application experience with flexible repayment plans.
Review: Moneycontrol’s personal loan is great, as it offers instant loans in a hassle-free process [no paperwork required]. They also have competitive interest rates and repayment options. The only drawback is additional charges like processing fees.
Pros:
Swift paperless application
Competitive interest rates
Flexible EMIs
Cons:
Extra charges for processing and prepayment
4. FLot Personal Loan
Rating: ⭐⭐⭐☆☆
Max Loan: Rs 75,000
Key Benefit: Flexible loans up to 75,000
Overview: FLot is a newer player in the lending space, offering personal loans for smaller, short-term financial needs.
Review: FLot’s personal loan offers loans up to 75,000 swiftly and customised offers. However, it also suffers from a lack of credibility due to being relatively new.
Pros:
User-friendly digital experience
Customized loan offers
Cons:
Limited credibility
Strict eligibility criteria
5. Paisa Bazaar Personal Loan
Rating: ⭐⭐⭐⭐⭐
Key Benefit: Instant approval, even for low credit scores
Overview: Paisa Bazaar acts as an aggregator and offers instant approvals, even to borrowers with average credit ratings
Review: Paisa Bazaar’s personal loan is a lifesaver, thanks to its quick approval and disbursement. However, keep in mind that credit score is a big factor when it comes to this loan.
Pros:
Strict eligibility criteria
Prepayment charges
Cons:
Approval based on credit scoreQuick Summary: Best Personal Loan in India for 2025
Looking for the best personal loan in India for 2025?
Here are the top 5 providersBajaj Finserv – High loan amount & low interest
Tata Neu – Approval within 10 minutes
Moneycontrol – Fast, paperless, and competitive
FLot – Flexible for low-credit borrowers
Paisa Bazaar – Instant approval