Interest rates on all loans, including personal loans, will be impacted by changes in the repo rates. Bank borrowing costs increase when the central bank raises the repo rate. Coming back to your query, will personal loan rates increase in India? As of April 2025, it is more likely to decrease than increase, owing to the Reserve Bank of India's (RBI) recent monetary policy actions.
Will Personal Loan Interest Rates Go Up?
In April, the RBI reduced the repo rate by 25 basis points to 6% and shifted its stance to "accommodative." It is signaling a focus on stimulating economic growth amid declining inflation and global uncertainties.
For borrowers, this environment suggests potential benefits, especially for those with floating-rate personal loans, as banks may pass on the reduced costs.
However, the impact of changes in the Reserve Bank of India's repo rate may cause it to rise.
I hope you found this helpful.
Get Loan Up to 10 Lakhs Instantly to Your Account with NB InstaCash
Read more:
How can I Get a Instant Loan in 5 Minutes?
Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
Will Personal Loan Rates Increase?
pragati
79 Views
1
7 months
2025-05-01T10:45:26+00:00 2025-10-07T11:08:58+00:00Comment
Share