“Types of Loans and Which Ones Have the Lowest Interest Rates in 2025”
Introduction Loans have become a key part of financial planning in modern life. Whether it’s buying a house, starting a business, or covering education costs, choosing the right type of loan can save you a lot of money — especially when you pick one with a low interest rate. In this blog, we’ll explore different types of loans available in India and highlight which ones offer the lowest interest rates in 2025. 1. Personal Loan A personal loan is an unsecured loan used for any purpose such as travel, wedding, or medical expenses. Interest rate: 10%–24% Best for: Quick funds without collateral Note: Higher interest since it’s unsecured. 2. Home Loan Home loans are taken to buy or construct a house. Interest rate: 8%–10% Best for: Long-term financing with low EMI Why low: It’s a secured loan with property as collateral. 3. Education Loan Education loans help students pursue higher studies in India or abroad. Interest rate: 8%–13% Best for...