Personal Loans Up to ₹50 Lakhs
Get instant personal loans with lowest interest rates starting from 10.99%. Quick approval in 2 minutes, minimal documentation, and flexible repayment options. Compare rates from 50+ banks and NBFCs.
What is a Personal Loan?
A personal loan is a short to medium-term unsecured loan that consumers can avail to meet both personal and business needs. Unlike secured loans, personal loans don't require any collateral or security, making them easily accessible for various financial requirements.
Personal loans are versatile financial instruments that can be used for debt consolidation, medical emergencies, wedding expenses, home renovation, education, travel, or any other legitimate purpose except speculative activities.
Why Choose Personal Loans from PaisaOne?
India's most trusted personal loan platform
Best Personal Loan Offers from Top Lenders
Compare rates and features from leading banks and NBFCs
Interest Rate
10.90% - 24%
Max Amount
₹40 Lakhs
Tenure
Up to 6 years
Processing Fee
Up to ₹6,500
Key Features:
Interest Rate
10.85% - 16.5%
Max Amount
₹50 Lakhs
Tenure
1-6 years
Processing Fee
Up to 2%
Key Features:
Interest Rate
10.49% - 22%
Max Amount
₹10 Lakhs
Tenure
6 months - 5 years
Processing Fee
Up to 2%
Key Features:
Interest Rate
10.99% - 16.9%
Max Amount
₹35 Lakhs
Tenure
Up to 6 years
Processing Fee
Up to 5%
Key Features:
Interest Rate
10.49% - 26%
Max Amount
₹50 Lakhs
Tenure
1-7 years
Processing Fee
Up to 3.5%
Key Features:
Interest Rate
10.70% - 23.99%
Max Amount
₹10 Lakhs
Tenure
Up to 5 years
Processing Fee
Up to 2%
Key Features:
*Interest rates as of December 2024. Rates may vary based on credit profile.
What Can You Use Personal Loans For?
Flexible usage for all your financial needs
Personal Loan Eligibility Criteria
Check if you qualify for a personal loan
| Criteria | Requirement |
|---|---|
| Age | 21-60 years |
| Minimum Salary | ₹15,000 per month |
| Work Experience | At least 1 year |
| Credit Score | 650+ (750+ preferred) |
| Employment Type | Government/PSU/MNC/Corporate |
Documents Required for Personal Loan
Minimal paperwork for quick approval
Personal Loan Processing Fees and Charges
Transparent pricing with no hidden charges
| Particulars | Charges |
|---|---|
| Processing Fee | 0.5% to 4% of loan amount |
| Prepayment Charges (Floating) | Nil |
| Prepayment Charges (Fixed) | 2% - 5% on outstanding |
| Late Payment Penalty | 2% per month (24% p.a.) |
| EMI Bounce Charges | Around ₹400 per bounce |
| Loan Cancellation | Around ₹3,000 |
| Documentation Charges | As per actuals |
Note: Charges may vary across lenders and are subject to GST. Always check the loan agreement for complete fee structure before signing.
Types of Personal Loans
Choose the right loan type for your specific needs
Key Benefits:
Key Benefits:
Key Benefits:
Key Benefits:
Features and Benefits of Personal Loans
Why personal loans are the preferred choice for financial needs
Personal Loan EMI Calculator
Calculate your monthly EMI and plan your finances better. Our EMI calculator helps you understand the exact amount you need to pay each month based on loan amount, interest rate, and tenure.
Loan Amount Range
₹50,000 - ₹50,00,000
Interest Rate
10.99% - 24% per annum
Loan Tenure
12 - 84 months
EMI calculations are indicative. Actual EMI may vary based on your credit profile and lender's terms.
How to Apply for Personal Loan Online
Simple 5-step process to get your loan approved
Enter Mobile Number
Start your application with your mobile number verification
Provide Details
Share your personal and employment information
Select Loan Details
Choose loan amount, purpose, and preferred tenure
Compare Offers
Review and compare offers from multiple lenders
Get Approved
Apply for the best offer and get instant approval
Frequently Asked Questions
Get answers to common personal loan questions
Ready to Apply for Your Personal Loan?
Get instant approval, competitive rates, and funds in your account within 24 hours