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Personal Loan - Save More on Interest
A Personal Loan is an unsecured loan that requires no collateral. You can use it for any purpose—weddings, medical emergencies, travel, education, debt consolidation, or home renovation. Since it's unsecured, banks rely on your credit score, income, and repayment capacity to approve the loan.
Personal Loan Details
Instant personal loans with minimal documentation
A Personal Loan is an unsecured loan that requires no collateral. It can be used for weddings, medical emergencies, travel, education, debt consolidation, or home renovation. Since it is unsecured, lenders evaluate your income, credit score, and repayment capacity to approve the loan.
✓ Key Features & Benefits
Loan Amount
₹50,000 to ₹50 Lakhs (varies by lender)
Interest Rates
9.99% to 36% per annum
Repayment Tenure
12 months to 60 months (up to 7 years with select lenders)
Processing Time
Instant approval to 48 hours depending on lender
No Collateral Required
Completely unsecured loan, no security required
📋 Eligibility Criteria
Age Criteria
Applicants must be between 21–60 years of age.
Minimum Income (Salaried)
Minimum monthly income required is ₹15,000–₹25,000.
Minimum Income (Self-Employed)
Minimum annual income required is ₹2–3 Lakhs.
Credit Score
A credit score of 750+ is preferred for faster approval.
Employment History
Applicants should have a stable work history of 2+ years.
Business Vintage (Self-Employed)
A minimum business vintage of 3+ years is required.
📄 Required Documents
PAN Card
Aadhaar Card
Last 3 months' salary slips
Last 6 months' bank statements
Form 16 or ITR (if required)
Company ID or employment proof
Address Proof (Utility bill / Passport / Voter ID)
Passport-size photographs
❓ Frequently Asked Questions
What is a personal loan used for?
A personal loan can be used for medical needs, travel, education, home renovation, or general financial requirements.
Do I need collateral for a personal loan?
No, personal loans are fully unsecured and do not require any collateral or security.
What credit score is required for approval?
Most lenders prefer a credit score of 700+, while some NBFCs may accept slightly lower scores.
How fast can I get a personal loan?
Loan approval and disbursal usually take from instant to 48 hours depending on your documents and lender.
What documents are needed for a personal loan?
Basic documents include PAN, Aadhaar, salary slips or ITR, bank statements, and address proof.
Ready to Get Started?
Apply now to secure the funds you need with competitive rates.
