Loans
Personal loans,when you need them.
Approved on your income and credit record alone — no property or gold to pledge.
In one minute
- 1
No security needed
Approved on your income and credit record alone — no property or gold to pledge.
- 2
Money in days
Often disbursed within 24–72 hours for salaried borrowers with good credit.
- 3
Costlier than secured loans
Typically about 10.5% to 20% a year — so borrow only what you need, for as short as you can.
Chapter 01
What is a personal loan?
A personal loan is an unsecured loan you can use for almost anything — a medical bill, a wedding, home repairs, travel or combining several expensive debts into one. Amounts usually range from ₹50,000 to ₹40 lakh, repaid over 1 to 5 years.
Because nothing is pledged, the lender relies on your income, your employer and your credit score. A score above 750 and a stable job get the lowest rates.
Chapter 02
An example
- Interest rate (illustrative)
- 12% a year
- Term
- 3 years
- Monthly EMI
- About ₹16,600
- Total interest
- About ₹98,000
- Processing fee (1–2%)
- ₹5,000–₹10,000
A gold loan or loan against investments for the same need could cost far less, if those are available to you.
Chapter 03
When it makes sense — and when it doesn’t
- 01
Good uses
Urgent medical needs, replacing credit-card debt at 36–42%, essential one-off expenses.
- 02
Think twice
Holidays, gadgets or investing in shares — the interest usually outweighs any benefit.
If you own gold, mutual funds or shares, a loan against them is usually much cheaper than a personal loan.
Chapter 04
Documents you’ll need
- PAN and Aadhaar
- Last 3 months’ salary slips
- 3–6 months’ bank statements
- For self-employed: last 2 years’ ITRs
Questions
Good toknow.
How quickly can I get a personal loan?
For salaried applicants with complete papers and a good score, often within one to three working days.
Can I repay early?
Yes, usually after 6–12 EMIs. Some lenders charge 2–5% of the outstanding amount; check before signing.
Will many loan applications hurt my score?
Yes — several applications in a short time lower your score. We compare offers first and apply where approval is most likely.
Keep reading
You mayalso need.
Loans are provided by partner banks and NBFCs and are subject to their credit assessment, terms and conditions. Interest rates, fees and eligibility vary by lender and borrower profile. We facilitate the process and do not lend directly. Rates shown are indicative ranges; the actual rate depends on the lender and your profile. Tax benefits depend on the law in force and your personal situation. The information on this website is for general educational purposes only and does not constitute investment, tax or legal advice. Please consult a qualified professional before making financial decisions.
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