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Unsecured money for a genuine need, with no security and no guarantor, disbursed in as little as 48 hours.
A personal loan is the fastest large sum you can raise without pledging anything. There is no security, no guarantor and no restriction on how you use the money. That convenience is exactly why it costs more than any secured loan.
A medical bill, a wedding, an urgent home repair, or consolidating several credit card balances into one lower EMI. Consolidation is often the strongest case: a personal loan at an indicative 9.5% p.a. is far cheaper than a credit card revolving at 36% to 42% a year.
Your credit score does most of the work. Above 780 you will see the lowest published rates. Between 700 and 750 you will be funded but at a higher rate. Below 650 most lenders decline. Your employer also matters: staff at listed companies, government bodies and large MNCs get better pricing than those at unlisted small firms.
Compare processing fees as well as interest rates. An upfront fee increases the total borrowing cost, especially over a short tenure. Our personal loan calculator shows the effective rate after fees, which is the number that actually matters.
We check your score and your eligibility before applying. Every application creates a hard enquiry on your credit report, and several enquiries in a short span pull your score down and make the next lender more nervous. One well-chosen application beats five hopeful ones.
Nothing is pledged. The lender relies on your income and your credit history alone, which is why approval turns on your score.
A clean file with a pre-approved offer can be credited within 24 to 48 hours. A fresh file usually takes three to seven working days.
There is no end-use restriction, unlike a home or car loan. The one thing lenders do not permit is speculation in shares or crypto.
Replacing credit card outstanding at 36% to 42% a year with a personal loan at an indicative 9.5% p.a. is usually the single best use of this product.
| Age | 21 to 60 years |
|---|---|
| Monthly income | From ₹20,000 to ₹25,000 net, depending on the city and the lender |
| Work experience | At least 1 year total, with 6 months in the current job |
| Credit score | 750 and above for the best rates. Below 700 the choices narrow sharply. |
| Existing obligations | Total EMIs after this loan should stay under about 50% of net income |
These are typical criteria. Individual lenders vary, and we will tell you which ones are flexible on your particular case.
You do not need any of these to enquire. We only ask for documents once we know which lender we are approaching.
Pre-filled with this product's own rate band and limits.
Pre-filled with the indicative rate band for Personal Loan for Salaried. Move the sliders to match your own case.
Eight lakh fifty thousand
4 yr 2 mo
Your monthly EMI
₹20,652
for 4 yr 2 mo
These numbers are indicative. Your actual offer depends on the lender. Most loans in India are floating rate, so the EMI can change when the RBI moves rates.
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