Secure Personal Loan up to ₹50 Lakhs

Looking to meet personal financial needs with ease? Our personal loan offering provides a seamless and secure way to access funds with flexible terms and minimal hassle.

Key Highlights:

  1. Loan amount up to ₹50 Lakhs
  2. Minimal documentation required
  3. Flexible repayment tenure up to 72 months
  4. Attractive interest rates starting from 10.85% p.a.
  5. Fully digital application and disbursement process
  6. Maximum repayment period – 5 years
  7. Minimum repayment period – 1 year

Personal Loan – Features and Benefits

  1. No collateral or guarantor required
  2. Quick and simple online application process
  3. Competitive and transparent interest rates
  4. Flexible repayment options tailored to your needs
  5. Complete transparency with no hidden charges

Eligibility Criteria

  1. Salaried individuals employed with private/public limited companies
  2. Salaried professionals including doctors and government employees
  3. Minimum age: 21 years | Maximum age: 60 years
  4. Minimum net monthly income: ₹25,000

Documents Required

  1. Last 3 months’ bank statements
  2. Latest 3 salary slips
  3. Valid KYC documents (any one of the following):
    1. Passport
    2. Aadhaar Card
    3. PAN Card
    4. Driving License
    5. Voter ID

Annual Percentage Rate

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans typically falls between 11.29% and 35%. For instance, let’s say you take a personal loan of ₹4 lakhs at an interest rate of 11.25% per annum, with a repayment tenure of 4 years. Suppose the processing fee is 2% of the loan amount, which amounts to ₹8,000. In this case, your total borrowing cost over the loan period would be ₹1,03,456, resulting in an APR of approximately 12.02%.