Personal loan

Personal loans are unsecured loans, so they do not require the borrower to provide any type of security or collateral.

A personal loan, unlike a secured loan like a mortgage or car loan, can be used to cover a variety of expenses, such as emergency medical care, higher education, travel, and weddings.

The loans have a duration ranging from 6 month to 60 months. Shorter tenure results in higher EMI amounts, while longer tenure results in lower EMIs.

Interest Rates

Interest rates on personal loans are above 16% In a fix interest rate the percentage is calculated on the principal amount The interest rate on a personal loan varies from one bank to another bank and even NBFCs. It also depends on your credit score


The documentation for applying a personal loan is minimal just a few details and the loan is approved as per your eligibility. Post Covid 19 most of the banks collect details by doing online KYC Checks. It becomes very important to keep your KYCs updated


To become eligible, one has to be 18 years and above with minimum 6 months of work history in current organization, a minimum net salary of INR 20000 per month and a credit score of 750 Plus

Loan Amount

The loan amount for Personal loan varies from INR 50 Thousand to 20 lakhs


When can I apply for a personal loan?

You can use Personal Loans for several reasons. Weddings, education, travel, medical treatment, or any other general purpose can be financed by a personal loan. You can take out a Personal Loan to fund an emergency or an event.

What kind of collateral, security, or guarantor is required?

Personal Loans don't require security, collateral, or guarantors.

With my low credit score, can I get a Personal Loan?

A good credit score is crucial. However, this should not prevent you from applying for a Personal Loan. In order to qualify for Personal Loans, you must demonstrate that you can repay them.

Can I get a loan with a low credit score?

If you need a Personal Loan and have a low credit score, you can take out a joint loan with your spouse or parent. However, Personal Loans are only approved if you are financially stable.

How can I apply for a Personal Loan?

We make it easy for you to apply for a Personal Loan. Easy, fast, and free! Fill out a short form. and you're good to go. That's how we know you'd like to speak with us. One of our representatives will contact you shortly!