Not sure if you have noticed, but the number of calls I am getting, offering a Personal Loan at low rates has increased multi-fold. The number of spam emails is also increasing.
The interest rates have fallen sharply as well. Loans that charged 15-18% annual interest rates in the past, are now being offered at 12.5%. The offers also include discounts on processing fee.
Interestingly this has happened despite the fact that RBI has not yet decreased interest rates. But this is likely an impact of the prevailing liquidity in the market. Of the various banks, Stan C seems to be offering the lowest rates on personal loans (checked online and this phenomenon is happening in UK market as well).
Anyways, if you are looking for a personal loan, this is perhaps a good time to consider taking one.