Know what loans, credit cards and EMIs really cost in India
Interest rates, CIBIL scores and government schemes — every number read off an RBI or lender page and dated. Work out the real cost before you sign, fees included.
True cost calculator
LiveMonthly EMI
₹43,075
- You borrow
- ₹50.0 L
- Interest
- ₹53.4 L
- Fees + GST (0.35%)
- ₹20,650
- True cost
- ₹1.04 Cr
You repay 2.07× what you borrow — ₹53.6 L above the sticker price.
Full breakdown →Live from RBI & bank pages
Today's lowest advertised loan interest rates in India
12 lenders · last checked 23 Aug 2026 · how we verify
RBI repo rate
5.50%
Next MPC December 2-4, 2026
Home loan
7.20%
from
Personal loan
9.99%
from
Education loan
6.90%
from
Vehicle loan
8.40%
from
Advertised rates go to the strongest applicants. See the rate your profile would actually get →
Your side of the deal
Loan affordability: what a bank will lend is not what you can carry
Work out the EMI you can actually afford
Move your income and your existing EMIs and watch the three bands move with them. Nothing is stored and nothing touches your credit file.
Affordability checker
Live- Conservative₹24,000/mo
buys roughly ₹26.7L over 20 years
- StandardRecommended₹36,000/mo
buys roughly ₹40.0L over 20 years
- Stretch₹48,000/mo
buys roughly ₹53.3L over 20 years
At the standard band your FOIR is 40%. If the rate resets to 11% the same loan costs ₹41,300 and FOIR moves to 44%.
Clear existing loans and card debt, cheapest first
The order you repay in is worth more than most people realise. Same money, same month — a different sequence closes the debt years earlier.
Debt planner
Three debts, ₹5,000 a month spare
- Credit card₹120kat 42%
- Personal loan₹400kat 14%
- Car loan₹300kat 9.5%
Paying the minimums
55 mo
₹2,94,104 interest
Highest rate first
36 mo
₹1,83,092 interest
Same money, different order: ₹1,11,012 and 19 months saved.
True cost
Hidden loan charges: the advertised rate is not the price
Processing fees, GST on those fees, mandatory insurance and prepayment penalties never appear in the number on the poster. They appear in what you repay.
Cost breakdown
What the poster says
8.40%
Advertised rate
What you actually pay
9.12%
Effective, fees included
- Loan amount₹50,00,000
- Interest over 20 years₹53,68,000
- Processing fee + GST₹20,650
- Bundled insurance₹1,10,000
- Total repaid₹1,04,98,650
Illustration at 8.40% over 20 years — the advertised rate. Yours depends on your profile.
Predict my rateFees included
Processing fee and the 18% GST on it, counted where they actually land.
Insurance unbundled
See what a bundled loan-protection policy adds over the tenure.
Prepayment modelled
What paying early saves, and what the lender charges you for it.
Compare
Compare loan rates from nine lenders, side by side
We are not a broker and we take no commission, so there is no lender we would rather you picked. Every rate links back to the page we read it from.
Loan comparison tool
Lowest advertised rates
- Bank of Baroda7.20% – 8.95%
- State Bank of India7.25% – 7.25%
- ICICI Bank7.50% – 9.80%
- Kotak Mahindra Bank7.60% – 7.60%
- HDFC Bank7.75% – 13.20%
Verified 2026-08-23 · all lenders and fees
Compare all lendersSource-linked
Each number links to the bank or RBI page it came from.
Dated
Every row carries the date it was last checked by a human.
No affiliate links
Nothing on this site earns us a referral fee. Ever.
Red flags
Loan red flags your bank will not mention
Ten lending practices that are legal, common, and expensive — each one paired with the RBI circular that governs it, so you know exactly what you are allowed to push back on.
Common practices
Teaser rates
A low introductory rate that resets after 1–2 years. Your EMI can jump 15–20% with no renegotiation.
Mandatory insurance
Lenders push loan-protection cover as a condition. RBI says it is optional — few will volunteer that.
Fees quoted as "nominal"
1–2% on a ₹50L loan is ₹50,000–₹1,00,000, paid before you see a rupee of the money.
The rule cited
Every flag names the RBI regulation behind it.
How to spot it
The exact wording to look for in a sanction letter.
What to ask
The question that makes the charge appear in writing.
Start here
Loan guides for wherever you are in the process
Home loan guide
Interest rates, eligibility and the hidden charges
Education loan guide
India or abroad, with or without collateral
Personal loan guide
What that 10.5% actually costs you
Vehicle loan guide
Car and two-wheeler: on-road price vs ex-showroom
Loans for the self-employed
Borrowing without salary slips or Form 16
Refinance an existing loan
Balance transfer, or negotiate the rate down
Study abroad loan guide
Five destinations, funding proof and visas
Government loan schemes
PMAY and subsidy eligibility matcher
Why you can trust the numbers
Every figure here has a source and a date
We take no commission, run no referral links, and earn nothing from which lender you choose. When a rate changes, we change it and say when we checked.