Why your rate is your rate.

RBI asks lenders to publish their rate model and how risk is graded. Here is both.

In one sentence: your rate is your lender's cost of funds, plus their operating cost, plus a risk premium for your profile, plus a margin, annualised and always charged on a reducing balance.

What moves your number

Factor	Lowers your rate	Raises your rate
Bureau score	750 and above	Below 700 or thin file
Income stability	Steady salary, long tenure	Variable or recent income
Existing obligations	Low EMIs versus income	High existing EMIs
Tenure	Shorter tenure	Longer tenure
Product	Secured, like an EV loan	Unsecured personal loan
Employment	Salaried with a stable employer	Newly self-employed

Rate bands, by product

Personal loan12.5% to 24% p.a.

EV & two-wheeler9.9% to 18% p.a.

Education & upskilling11% to 20% p.a.

Medical emergency11.5% to 22% p.a.

Overall band9.9% to 26% p.a. by lender and profile

Two people, same loan

A ₹2,00,000 loan over 24 months. One borrower prices at 13.5%, another at 19%.

At 13.5% p.a.EMI ₹9,555

At 19% p.a.EMI ₹10,082

DifferenceAbout ₹527 a month, roughly ₹12,600 over the loan

What we promise about your rate

Your rate is fixed for the tenure of your loan. It does not move mid-loan.
It is printed in your Key Fact Statement before you sign.
There is no penal interest, only a flat penal charge on any overdue amount.
Every rate is annualised and on a reducing balance. We never quote a flat rate.

Reviewed quarterly. Last updated 1 July 2026.

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