Get Instant Personal Loan | Personal Loan Interest Rates Complete Information!

Get Instant Personal Loan : Read on to know why our personal loan is the best option for you.

3 unique variantsPick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid Loan.

No part-prepayment charge on Flexi LoansRepay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.Read about Flexi Loans

📢 खालील लिंकवर क्लिक करून हा व्हिडीओ पहा

Loan of up to Rs. 40 lakhManage your small or large expenses with loans ranging from Rs. 20,000 to Rs. 40 lakh.

Approval in just 5 minutesComplete your entire application online from the comfort of your home or wherever you are and get an instant personal loan with fast approval.

Money in your account in 24 hours*Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval.

No hidden chargesOur fees and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying. Know about our fees and charges

No guarantor or collateral neededYou do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.

*Terms and conditions apply

Still have not found what you are looking for? Click on any of the links at the bottom of this page.

A loan for all your goals

Since our personal loan comes with freedom of usage, you can utilise the funds to manage a wide range of expenses, including higher education and wedding.

A hassle-free application and quick disbursal make it an ideal option to manage urgent needs such as a medical emergency or home repairs.

Apply today and manage your financial expenses without stress.

Eligibility criteria and documents required

Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria of our online personal loan, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy personal loan eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

Eligibility criteria

  • Nationality: Indian
  • Age: 21 years to 80 years*.
  • Employed with: Public, private, or MNC.
  • CIBIL Score: 685 or higher.
  • Monthly salary:Starting Rs. 25,001, based on the city you live in.

Documents required

  • KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
  • PAN card
  • Employee ID card
  • Salary slips of the last 3 months
  • Bank account statements of the previous 3 months
  • Utility bill of electricity and piped gas

*You should be 80 years* or younger, at the end of the loan tenure.

How to apply for a personal loan

Step-by-step guide to apply for a personal loan

  1. Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
  2. Enter your 10-digit mobile number and the OTP sent to your phone.
  3. Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
  4. Now, click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure – you can select tenure options of 6 months to 96 months and click on ‘PROCEED’.
  7. Complete your KYC and submit your application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents

Personal loan interest rate and applicable charges

Type of feeApplicable charges
Rate of interest11% to 38% p.a.
Processing feesUp to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi FeeTerm Loan – Not applicableFlexi variant – A fee will be deducted upfront from the loan amount (as applicable below)Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above*All the Flexi charges above are inclusive of applicable taxes*Loan amount includes approved loan amount, insurance premium, and VAS charges.
Bounce chargesIn case of default of repayment instrument, Rs. 700 – Rs. 1,200 per bounce will be levied.
Part-prepayment chargesFull prepaymentTerm Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment.Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full payment.Part-prepaymentTerm Loan: Up to4.72% (inclusive of applicable taxes) of the principal amount of the loan pre-paid on the date of such part-prepayment.Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.*Foreclosure will be processed post clearance of first EMI
Penal chargePenal Charge – Delay in payment of instalment(s) shall attract Penal Charge of Rs. 12 per day per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (as per respective state)Payable as per state laws and deducted upfront from loan amount.
Mandate registration chargesRe. 1 (inclusive of applicable taxes) applicable in case of UPI mandate registration.
Instalment default chargeRs. 450/- per month from the first instalment due date for mandates rejected by customers bank until the new mandate is registered.
Annual maintenance chargesTerm Loan: Not applicableFlexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.Flexi Hybrid Loan: Up to0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.
Broken period interest / Pre-EMI InterestBroken period interest/ Pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:For Term Loan: Deducted from the loan disbursementFor Flexi Term Loan: Added to the first instalmentFor Flexi Hybrid Loan: Added to the first instalment
Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.
Switch feeUp to 1.18% of the loan amount (inclusive of applicable taxes).Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable.
Cash collection handling chargesRs. 177 (inclusive of applicable taxes) will be charged if customer opts to make payment in cash when the collection is done by the collection agents. This fee is charged only once per month, regardless of the number of payments made against multiple LANs.
Cash deposit chargesCustomers will incur a cash deposition charge of Rs. 50 (inclusive of applicable taxes) when making cash payments at our branch offices.
PG facility chargesRs. 11 (inclusive of applicable taxes) will be charged for utilizing the payment gateway to make part or full payments towards the loan through digital properties.

Note: Additional cess if any, will be applicable to all charges according to state law.

*Terms and conditions apply.

For Micro Finance Loans, please note below: Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis. Minimum interest, maximum interest, and average interest are 13%, 38%, and 36.79% per annum respectively. Part-prepayment and foreclosure charges are NIL.

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