New Delhi, April 9 -- Planning to avail a personal loan this April? Fascinated by the lowest EMI offers? Be clear: choosing a lender solely on the lowest EMI can cost you more in the long run. A smarter, more sensible approach to decision-making is to compare interest rates, fees and total repayment costs that will apply to you before you make a decision.

Personal loan interest rates in April 2026 start from as low as 8.75% at prominent banks such as Union Bank of India and Bank of Maharashtra. Among private lenders, Axis Bank offers rates from 9.50%, while HDFC Bank and ICICI Bank start from 9.99%.

Public sector banks, such as State Bank of India and Canara Bank, on the other hand, offer flexible ranges depending on credit profiles, ap...