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Personal Loans Tailored for You

Get funds for your dreams with competitive interest rates, flexible repayment options, and quick disbursal

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Personal Loan EMI Calculator

50K 5L 10L
6 36 60
10% 12% 24%

Your Estimated EMI

₹16,607

Total Interest ₹97,852
Total Payment ₹5,97,852
Loan Amount ₹5,00,000

Why Choose Our Personal Loan?

Quick Disbursal

Get funds transferred to your account within 24-48 hours of approval

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No Collateral

Unsecured loans without any need for property or asset pledge

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Flexible Repayment

Choose tenure from 6 months to 5 years as per your convenience

Eligibility Criteria

  • ✔ Minimum Age: 21 years
  • ✔ Maximum Age: 60 years (at loan maturity)
  • ✔ Minimum Income: ₹15,000/month for salaried
  • ✔ Minimum Income: ₹2 Lakhs/year for self-employed
  • ✔ Minimum Credit Score: 650
  • ✔ Minimum Employment: 1 year for salaried
  • ✔ Minimum Business: 2 years for self-employed

Documents Required

For Salaried Individuals

  • ✔ Identity Proof (PAN Card + Aadhaar)
  • ✔ Address Proof (Passport/Utility Bill)
  • ✔ Last 3 months salary slips
  • ✔ Last 6 months bank statements
  • ✔ Form 16 or ITR (if applicable)

For Self-Employed

  • ✔ Identity & Address Proof
  • ✔ Business proof (GST/Certificate of Practice)
  • ✔ Last 2 years ITR with computation
  • ✔ Last 6 months business bank statements
  • ✔ Business continuity proof

Personal Loan Interest Rates

Loan Amount Salaried Individuals Self-Employed
Up to ₹2 Lakhs 12.5% - 16% p.a. 14% - 18% p.a.
₹2-5 Lakhs 11.5% - 15% p.a. 13% - 16.5% p.a.
Above ₹5 Lakhs 10.5% - 14% p.a. 12% - 15% p.a.

Note: Interest rates may vary based on credit score, income, and relationship with the bank. Processing fee of 1-2% of loan amount applies.

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Frequently Asked Questions

What is the maximum loan amount I can get?

You can get a personal loan up to ₹10 lakhs, depending on your income, credit score, and repayment capacity. For salaried individuals, the maximum is typically 10-12 times your monthly income, while for self-employed professionals it's based on your annual income and business profitability.

How long does it take to get loan approval?

For complete applications with all required documents, approval can be as quick as 30 minutes for pre-approved customers. Typically, it takes 1-2 working days for verification and approval. Once approved, funds are usually disbursed within 24 hours.

Can I prepay my personal loan?

Yes, most lenders allow prepayment after 6-12 EMIs have been paid. There may be a prepayment charge of 2-5% on the outstanding amount. Some lenders offer free prepayment for floating rate loans.

What if I miss an EMI payment?

Late payments attract penalty charges (2-3% per month) and may negatively impact your credit score. We recommend setting up auto-debit or payment reminders. If you anticipate difficulty in payment, contact us immediately for possible restructuring options.