Apply Online For Instant
Personal Loan

Unsecured Loan
Interest rate starting from 10.99%
Maximum tenure up to 5 years
Maximum loan amount up to 50 lacs
Quick approval and hassle free Processing
Flexible repayment options

Personal Loans

Personal loan have a shorter repayment tenure ranging from 1-5 years. Depending upon the individual applicant's profile and lender, the APR (Annual Percentage Rate) of a instant personal loan may vary from 11% to 35%.

Personal loan is a short to medium term loan to meet your immediate financial needs. Personal Loans are a form of unsecured loan and require no collateral. The funds can be used to meet your needs for debt restructuring, marriage, holiday expenses, home renovation etc, but the funds can be used to cover any financial need.

Interest Rates

Personal loan interest rates start from 10.75% onwards and the tenure extends from 2 years and more. The exact interest rate depends on the profile of the customer and varies with loan amount, credit history etc.

Repayment Period

The tenure for the loan starts from 2 years and can go upto 6 years

For example, if you take a loan of Rs. 3 lakhs at the rate of 13% with repayment tenure of 3 years, your EMI will be Rs. 10,108. The total payable amount at the end of 3 years would be Rs. 3,63,895. Therefore, you are paying total interest amount to the tune of Rs 63,895. This, however, excludes other applicable charges which can be quantified as under:

Loan Processing Charge - 2%

Documentation charges

Personal Loan Eligibility

Age 23/24 years - 60/65 years
Employment Type Salaried
Self-Employed professionals
Credit Score 750+ or with a good credit or cibil score history
Minimum Net Income (Monthly) 15,000(non-metro cities
20,000( metro cities)
Loan Amount Up to 40-50 lacs depending on the credit profile and the applicants profile.
Work Experience Salaried
Employed at current company for at least 6/12 months
Business tenure of at least 3 years (continuous) ITR of last 3 years

Documents Required for a Instant Personal Loan

The common documents which are required for an online personal loan approval are given below:

For Salaried Individuals
1. Salary slips of the last 3 months
2. Last 3 months bank statement till date (reflecting salary credits)
3. ID proof PAN card (mandatory)
4. Residence Proof (Passport, Utility bills, Bank Statements,
5. Postpaid bill, DL, Aadhar Card, Company letter head stating the address)
6. Permanent address proof - (Passport, Utility bills, Bank
7. Statements, Aadhar Card, Company letter head stating the address)
8. Cheque (1-4)
9. Form 16 or Income Tax Returns of last 2 years (not mandatory)

For Self-Employed Individuals
1. Identity & Age Proof
2. Completely filled personal loan application with photograph
3. PAN Card
4. Residence proof - Passport driving license, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
5. Bank statements for the last 6 months (preferably your salary account)
6. Salary Slips of last 3 months
7. Last 3 years Income Tax Returns with computation of Income
8. Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account