Loan Comparison
A side-by-side look at common loan types in India — indicative starting rates, typical tenures, maximum amounts, and how long approval usually takes. Use it to understand your options before you apply anywhere.
| Loan type | Rate from | Tenure | Max amount | Approval | |
|---|---|---|---|---|---|
|
Personal Loan
|
10.5% | 12–60 mo | ₹40 L | 2–5 days | Calculate EMI → |
|
Home Loan
|
8.5% | 60–360 mo | ₹5 Cr+ | 7–14 days | Calculate EMI → |
|
Business Loan
|
12% | 12–60 mo | ₹50 L | 5–10 days | Calculate EMI → |
|
Gold Loan
|
9.0% | 3–24 mo | 75% LTV | Same day | Calculate EMI → |
|
Loan Against Property
|
9.5% | 60–180 mo | ₹3 Cr | 10–20 days | Calculate EMI → |
|
Education Loan
|
10.0% | 60–180 mo | ₹50 L | 7–21 days | Calculate EMI → |
|
Vehicle Loan
|
9.5% | 12–84 mo | 85% on-road | 2–5 days | Calculate EMI → |
Rates shown are indicative starting rates for well-qualified borrowers. Your offer depends on credit score, income, employer category, and other factors. LoanSathi does not lend — we provide comparison and education.
Secured vs. unsecured loans
Secured loans (home, gold, vehicle, loan against property) are backed by an asset, so they usually carry lower interest rates and higher amounts — but the lender can claim the asset if you default. Unsecured loans (personal, many business loans) need no collateral and disburse faster, but rates are higher and limits are tied to your income and credit score.
How to choose the right loan
- Match the loan to the purpose — a home loan for property, gold loan for short-term cash, education loan for studies.
- Compare the APR, not just the headline rate — fees and charges change the true cost.
- Check the total interest over the tenure, not only the monthly EMI.
- Read prepayment and foreclosure terms before signing.
- Borrow only what you can comfortably repay.
What loans actually cost
LoanSathi is an independent loan-comparison and education service — we do not lend money and we do not decide your rate. The figures below are illustrative ranges across our partner lenders so you can understand the true cost of borrowing before you apply anywhere. Your actual rate, fees, and eligibility are set by the lender based on your profile.
Min 3 months (short-term & gold loans) to max 360 months (home loans).
APR includes interest plus typical fees. Lowest rates go to high-credit, secured borrowers.
Processing fee. Some lenders add documentation, prepayment, or late-payment charges.
If you borrow a personal loan of ₹1,00,000 over a 24-month term at a representative 14% p.a. (reducing balance) interest rate, with a 2% + 18% GST processing fee (₹2,360), you would pay a monthly EMI of about ₹4,802. Total interest over the term is about ₹15,248, so the total amount repayable is about ₹1,17,608 (principal ₹1,00,000 + interest ₹15,248 + fees ₹2,360), giving a representative APR of about 17.5%.
This example is for illustration only and is not an offer of credit. Actual interest rate, APR, fees, EMI, and eligibility vary by lender, loan type, amount, tenure, credit score, and income. Always read the lender's sanction letter and Key Fact Statement before signing. Terms & conditions apply. See our disclaimer.