Personal Loans Get Cheaper: RBI Rate Cuts Drive Down Interest Rates in 2025

• Personal loan interest rates have dropped significantly in 2025, driven by RBI's 1.25% repo rate cuts.
• Starting rates are now as low as 9.75%-9.99%, a notable reduction from 10.5% or higher in January 2025.
• Major banks like HDFC Bank, ICICI Bank, State Bank of India, and Axis Bank have lowered their personal loan offerings.
• Interest rates are determined by credit score, income stability, and job type, as personal loans are unsecured.
• Fixed-rate personal loans remain popular due to predictable EMIs, despite floating rates linked to BPLR.

Why It Matters: Personal loans are now more affordable in 2025, with rates dropping due to RBI's policy.