What is a Personal Loan?
A Personal Loan is an unsecured loan that can be used for virtually any personal need — medical emergencies, wedding expenses, travel, home renovation, debt consolidation, or any other requirement — without pledging any collateral. Because approval is largely based on income and credit profile, personal loans are usually processed and disbursed quickly, making them ideal for urgent financial needs.
We help salaried and self-employed individuals compare offers across multiple lenders to get the most competitive rate and fastest possible disbursement.
How a Personal Loan Benefits You
- No collateral or security required
- Quick processing and disbursement for urgent needs
- Funds can be used for any personal purpose
- Fixed EMI makes budgeting simple and predictable
- Available to both salaried and self-employed individuals
Basic Eligibility for a Personal Loan
- Indian resident, salaried or self-employed applicant
- Stable and verifiable source of income
- Good credit score (generally 700+)
- Minimum work experience / business vintage as per lender norms
- Age within the lender's eligible range
Loan Details
| Parameter | Details |
|---|---|
| Rate of Interest | 11% to 24% per annum |
| Professional Segment | 10.5% to 16% per annum |
| Minimum & Maximum Loan Amount | ₹50,000 to ₹40 lakhs |
| Minimum Work Experience | 1 year for salaried / 2 years for self-employed |
| Age Limit | Min 21 years – Max 60 years (at loan maturity) |
Documents Generally Required
- KYC (Aadhaar, PAN)
- Income proof (salary slips / ITR)
- Bank statements (last 6 months)