A personal loan is an unsecured form of credit that one can avail to meet any financial requirement. Unlike the other forms of credit, it has simpler eligibility criteria and comes with special offers and competitive interest rates. The unrestricted end-use makes it a convenient option for immediate expenses. Whether funding your next foreign trip, renovating your home, or meeting unforeseen medical expenses, an instant personal loan can be your ultimate respite. Those who need loans in this day and age can easily apply online at %$$BrandName$$% and can get best personal loan offers in India.
Interest Rate |
10.49% p.a. onwards |
Processing Fee |
Between 0.5% and 2.50% of the loan amount |
Loan Amount Range |
Up to ₹50 Lakhs |
Loan tenure |
1 to 5 years |
Prepayment Charges |
2-3% of the outstanding loan amount |
Late Payment Charges |
2% of the due amount |
*The interest rates and associated charges can vary from one lending partner to the other and are subject to policy changes of the partner.
At %$$BrandName$$%, we connect you with the best lending partners for personal loans across India. You can compare and pick from the best lenders based on your convenience and apply for an instant loan on terms that you deem to be favourable. Courtesy of the information age, one can apply online with ease.
Compare personal loan from our partners and choose as per your requirements.
Our Partners |
Interest Rate Range |
|
Bajaj Finance Limited |
14% Onwards |
|
Axis Bank |
10.49% Onwards |
|
PaySense Partners |
14% Onwards |
|
EarlySalary |
24% Onwards |
|
CASHe |
27% Onwards |
|
KreditBee |
14% Onwards |
|
SBFC Finance Private Ltd |
14.0% to 19.5% |
|
Fullerton India |
12% to 36% |
|
Muthoot Finance |
13.75% Onwards |
|
Prefr Partners |
21% to 36% |
|
YES Bank |
10.70% Onwards |
|
InCred |
18% Onwards |
Some of the distinguishing features and benefits associated with an instant personal loan are as follows:
High Loan Amount: You can avail a personal loan of up to ₹50 lakh. Note that the personal loan amount that you are eligible for will depend on factors such as your monthly income, CIBIL score, and overall repayment capability.
Attractive Interest Rate: You can avail a personal loan through %$$BrandName$$% starting at just 10.49% per annum, which is one of the most competitive personal loan interest rates in the market.
No End-Use Restriction: You can use a personal loan for basically anything, from funding a vacation to paying for marriage or turning your living room into your cinema hall. You can also use the loan amount to pay those unforeseen medical bills immediately.
Online Process: You can apply for a personal loan from the comfort of your home through %$$BrandName$$% itself. All you must do is follow a few basic steps and once your loan amount is approved, it will be credited to your account within hours.
No Collateral Required: You do not need to offer any of your valued possessions as collateral to get a personal loan from us. However, if you do need a bigger amount, you can always opt for a Loan Against Property.
Flexible Loan Repayment tenure: You can repay your personal loan over as long as 5 years so that you do not feel the burden of high EMI payments.
Minimal Foreclosure Charges: If you want to repay your personal loan ahead of the repayment tenure, you can do so for a very minimal charge.
Balance Top-up Facilities: If you need more money than what you borrowed initially as a personal loan, you can always avail a balance top-up facility. Note that such facilities are exclusive to lenders and are provided at their discretion.
Wedding: With the help of a marriage loan, you can take care of the seemingly endless list of expenses that one has to incur during weddings. Or, you can also go about the process of planning post-marriage trips with ease, knowing that you have enough money to take care of a majority of expenses.
Travel: You can fulfil your desire of travelling to that dream destination with the help of a travel loan. You should easily be able to manage the expenses, such as the likes of flight tickets and hotel bookings, among others.
Home Renovation: If you are someone who has been trying to give your home a makeover, an instant personal loan can help you do just that. Courtesy of the money that you avail of as a personal loan, you will be able to manage the necessary expenses connected to home renovation and repair. What is more, you can repay it over a flexible tenure of your choice.
Higher Education: A personal loan can also be used to pay for higher education. Personal loans are generally taken to meet expenses such as course fees, travel-related expenses, and lodging/accomodation charges, among others.
Medical Exigency: A medical emergency can lead to financial trouble. Such emergencies can also force you to ask for assistance from your family and friends. To deal with any such kind of emergency, you can apply for a personal loan for medical emergencies.
Buying Expensive Gadgets: Consumer durable loans, which is yet another type of personal loan, will provide you the funds to purchase the gadgets you desire. You can use a consumer durable loan to purchase that TV you have always wanted, that mobile phone that you have had your eyes on or even that speaker system that will turn your home into a happening party area.
You can also learn more about other types of personal loans on %$$BrandName$$%.
Banks and financial institutions have laid out their own variation of personal loan eligibility criteria that every individual who needs a personal loan must meet. Generally speaking, to get an instant personal loan, you will need to satisfy the following eligibility criteria:
Eligibility Criteria |
Particulars |
Nationality |
Indian |
Nature of Employment |
Salaried Individual working with a public/private firm or Self-Employed |
Age |
21 years and above |
Minimum Net Monthly Income |
₹15,000 |
Minimum Work Experience |
2-3 years |
Credit Score |
600 or above |
NTC Score (If the applicant is new to credit) |
Above 150 |
A personal loan EMI calculator is an algorithm-based tool that can help you instantly compute your personal loan EMI amount. All you must do is feed in your loan amount, expected interest rate, and preferred repayment tenure. Within seconds, the online tool will show you your overall EMI outflow. A Personal Loan calculator can also help you compare loan options by simply altering the numbers you fed into the tool originally. This way, you will be able to decide which personal loan option suits you best.
You will need the following documents to get a personal loan through a lending partner of %$$BrandName$$%:
Document Requirement |
Particulars |
Identity Proof |
PAN/Aadhaar card, Voter’s ID, passport, driving licence |
Proof of Residence |
Voter’s ID, Aadhaar card, passport, driving license, electricity bill, telephone bill |
Income Proof |
Bank statement or salary slips for the last 3 months |
Photographs |
2 passport-size photographs |
Check out detailed documents required to get a personal loan
An applicant first needs to make sure he/she meets the basic eligibility criteria to get the desired loan amount, and this must be followed by the detailed steps to apply for a personal loan.
Step 1: Fill up the application form online with your personal and professional details.
Step 2: Choose the loan amount you desire from the lending partner (subject to eligibility) and add a suitable loan tenure to get instant approval.
Step 3: Provide all the required documents along with the application form for verification.
Step 4: Once your loan is approved, the amount will get disbursed in your bank account within 24 hours.
The %$$BrandName$$% app has multiple products to cater to all your requirements. If you’re looking for a personal loan, choose the loan offer that suits your needs, from multiple lending partners. You can apply by following these simple steps:
Step 1: Enter your personal and employment details to check the right loan offer for you
Step 2: Select the loan offer that works best for you
Step 3: Enter the required loan amount and tenure
Step 4: Upload the required documents for verification
Once you’ve submitted the application, lenders will conduct a background check and verify your documents. Upon verification, your loan will be approved and disbursed to your account.
A personal loan is a type of unsecured loan that you can take from any formal Indian lending institution. You can use the money secured for anything that you desire as there’s no end-usage restriction on the same.
You submit an application form online on %$$BrandName$$% for a personal loan. After your application goes through, the money gets credited into your bank account. Then you repay your personal loan every month through equated monthly instalments (EMIs) over a stipulated time period.
If you are a working Indian national above 21 years of age with a CIBIL score of 600 or above, you should easily get a personal loan through %$$BrandName$$%.
You can avail a personal loan amount of up to ₹50 lakh through %$$BrandName$$%. However, the maximum personal loan amount you can avail will depend on your eligibility.
You can get a personal loan through %$$BrandName$$% itself by following a handful of simple steps. Just select your lender, your loan amount, loan repayment tenure, and fill up the application form and submit the required documents. Once your application is approved, your personal loan amount will be credited into your bank account within a day.
The repayment tenure of a personal loan can be up to 5 years. It will depend on your lender, your principal amount, and your repayment capability.
To avoid the rejection of your personal loan application, make sure you fill in all the details correctly and submit the required documents. You must also ensure that your CIBIL score is adequate.
When you pay a portion or the entire outstanding personal loan amount before the end of the repayment tenure, it is called a prepayment. Such an act can help you save up on the interest payable, reduce your EMI amount, or even repay your outstanding personal loan early.
No. You cannot avail tax benefits for paying personal loan EMIs.
If a personal loan is not paid, you will be charged a penalty fee. If you do not pay your EMI for over 30 days, it will be considered to be a case of minor default. If you do not repay the same over 90 days, it will be considered to be a major default. Any kind of default, be it big or small, can reduce your CIBIL score significantly and hamper your chances of getting a personal loan in the future.