Personal Loan
Unsecured money for whatever life throws at you — no collateral, no fuss.
- No collateral needed
- Fast disbursal
- Free end use
- Flexible tenure
Indicative snapshot
Liveper annum
based on eligibility
flexible repayment
Indicative & varies by lender/profile. Not an offer.
30+ partners
Banks & NBFCs
Quick process
One application
No borrower fee
DSA-paid model
4.8 rating
Borrower reviews
A personal loan is the most flexible way to raise money in India when you need cash for something the world does not lend against directly. Because it is unsecured, you pledge no house, gold or fixed deposit — the lender relies purely on your income, credit history and repayment record. That makes it ideal for a sudden medical bill, a wedding, a home renovation, a family holiday or consolidating high-interest credit-card dues into one predictable EMI. Approvals are quick, disbursal can happen the same day for salaried applicants with clean records, and you keep full control over how the money is used.
What you pay depends heavily on your profile. Salaried applicants at reputed companies with a CIBIL score above 750 usually see the sharpest rates, while self-employed borrowers or those with thinner credit files pay a little more to compensate the lender for the added risk. Loan amounts typically run from Rs 50,000 up to Rs 40 lakh, and tenures stretch from 12 to 60 months, so you can balance a comfortable EMI against the total interest you end up paying over the life of the loan.
Before you sign, look past the headline rate. Processing fees, prepayment or foreclosure charges, insurance bundled into the loan and the effective annual percentage rate all change the real cost. A loan advertised at a low flat rate can be more expensive than one quoted on a reducing balance. LoanServ helps you line up genuine offers side by side, run the numbers through an EMI calculator, and pick the lender whose total cost — not just the sticker rate — actually suits your budget and timeline.
Key benefits
- No collateral needed. Borrow purely against your income and credit profile — your assets stay untouched.
- Fast disbursal. Clean salaried files can be approved and funded within 24 to 72 hours.
- Free end use. Use the money for a wedding, medical emergency, travel or debt consolidation — no restrictions.
- Flexible tenure. Choose 12 to 60 months to keep the EMI in line with your monthly cash flow.
- Debt consolidation. Fold costly credit-card and multiple loan dues into one lower-rate EMI.
- Minimal paperwork. Mostly KYC, income proof and bank statements — much of it digital.
Eligibility criteria
- Indian resident aged 21 to 60 years (up to 65 for some lenders).
- Salaried with net monthly income of at least Rs 20,000 to Rs 25,000, or self-employed with stable business income.
- Minimum 6 to 12 months in the current job or 2 to 3 years in business.
- CIBIL score of 700 or above preferred; 750+ unlocks the best rates.
- Employed with a recognised company, PSU, government body or a running proprietorship.
- A clean repayment track record with no recent defaults or cheque bounces.
Documents required
- PAN card and Aadhaar for identity and KYC.
- Recent passport-size photographs.
- Address proof (Aadhaar, passport, utility bill or rent agreement).
- Latest 3 months salary slips for salaried applicants.
- Last 6 months bank statements showing salary or business credits.
- Form 16 or the latest 2 years ITR for income verification.
- Employment or business proof (offer letter, GST registration or shop licence).
Indicative Personal Loan rates
Illustrative rates and fees from popular lenders. Actual offers depend on your profile — we help you find the best fit.
| Lender | Interest rate (p.a.) | Processing fee | Max tenure | Notable for |
|---|---|---|---|---|
| HDFC Bank | 10.75% – 21% p.a. | Up to 2.5% | 72 months | Fast salaried approvals |
| ICICI Bank | 10.85% – 19% p.a. | Up to 2.5% | 72 months | — |
| Axis Bank | 11.25% – 22% p.a. | Up to 2% | 60 months | — |
| Kotak Mahindra Bank | 10.99% – 24% p.a. | Up to 3% | 60 months | — |
| Bajaj Finserv | 11% – 31% p.a. | Up to 3.93% | 96 months | High-amount NBFC option |
| Tata Capital | 10.99% – 24% p.a. | Up to 3% | 72 months | — |
Indicative Rates last reviewed for general guidance and subject to change by lenders. Not an offer.
Getting your Personal Loan in 5 steps
- 01
Check offers
Share basic income and employment details to see indicative rates and eligible amounts.
- 02
Submit documents
Upload KYC, income proof and bank statements online or hand them to a relationship manager.
- 03
Verification
The lender runs a credit check, verifies income and may confirm your employment.
- 04
Sanction and agreement
Review the sanction letter, confirm the rate, tenure and fees, then e-sign the agreement.
- 05
Disbursal
The approved amount is credited straight to your bank account, often within a day.
Personal Loan EMI & eligibility calculators
Estimate your monthly EMI, then switch tabs to check how much you may be eligible to borrow.
Monthly EMI
₹21,993
- Principal
- ₹10,00,000
- Total interest
- ₹3,19,556
- Total payable
- ₹13,19,556
Year-by-year breakdown
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹1,57,021 | ₹1,06,895 | ₹8,42,979 |
| 2 | ₹1,76,062 | ₹87,854 | ₹6,66,917 |
| 3 | ₹1,97,411 | ₹66,505 | ₹4,69,506 |
| 4 | ₹2,21,349 | ₹42,567 | ₹2,48,158 |
| 5 | ₹2,48,158 | ₹15,727 | ₹0 |
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LoanServ is a loan facilitator / DSA and not a lender or bank. Loan approval and terms are at the sole discretion of partner banks/NBFCs.