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Personal Loan

Avail a personal loan of up to ₹50 lakh at interest rates starting from 10.5% p.a. Discover pre-approved offers from our partner lenders with seamless digital processing and instant disbursals.

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Hand picked offers from Multiple lenders
Instant Loan
Money in Mins via Pre-Approved Loans
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Instant Sanction & Disbursal
Digital Process
Hassle free Contact-less processes
₹
₹10,000 ₹50,00,000
1 Year 7 Years
%
10.5% p.a 50% p.a

MONTHLY EMI

₹1,16,459*

Total Amount Payable

₹83,85,014*

Total Interest Payable

₹48,96,014*

*The EMI calculation is approximate and may vary based on final terms and conditions

What is a Personal Loan?

Personal loan is a short to medium term loan, which consumers can avail to meet both personal and business needs other than speculative purposes. They are usually unsecured in nature as consumers do not need to pledge any collateral or security to avail them.

Eligibility Criteria for Personal Loan

  • Age: 18 - 60 years
  • Salary: At least Rs 15,000 per month for salaried customers
  • Income: At least Rs 5 lakh p.a. for self-employed customers
  • Credit Score: Preferably 700 and above as having higher credit scores improve the chances of loan approval
  • Employment Stability: Usually 1 year with some lenders requiring longer work experience
  • Business Continuity: Usually 3 years of business continuity with some lenders requiring longer period of business continuity
  • Employment Type: Salaried employees working with government, public sector undertakings, MNCs and other reputed corporates

Why Choose Rupy.Money?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

Required Documents for Personal Loan

Personal loan lenders require documents from their applicants to establish their identity, income, loan repayment capacity and place of residence. These documents are more or less the same across lenders. Here are a few common set of documents that you will need to submit when applying for a personal loan:

Requirements Salaried Individuals Self-employed Professionals/Non-Professionals
Proof of Identity Passport, Voter ID, Driving License, Aadhaar Card or PAN Card Passport, Voter ID, Driving License, Aadhaar Card or PAN Card
Proof of Residence Aadhaar Card, Voter ID, Passport or Utility Bills Aadhaar Card, Voter ID, Passport or Utility Bills
Proof of Income Salary Slips, Bank Statements, Form 16 Previous Years’ ITR, P&L Statement and Balance Sheet, Bank Statements

How Can I Apply for a Personal Loan Online?

Get up to ₹50 Lakh in 5 Simple Steps

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Step 1: Enter your mobile number in the application form

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Step 2: Provide your personal details

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Step 3: Enter OTP to verify your mobile number

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Step 4: Select the loan purpose and loan amount

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Step 5: Compare offers and apply for the best-suited loan

Types of Personal Loan

Several banks and NBFCs offer various loan variants to help their customers meet their unique financial requirements. The broader features such as tenure, the processing fees, etc. offered on these loan variants are more or less the same as those offered on regular personal loans. Here is a brief description of some of the personal loan variants.

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Pre-approved Personal Loan

Banks and NBFCs offer these loans exclusively to their select existing customers having good credit profile with instant disbursals and preferential rates.

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Top Up Personal Loan

Various banks and NBFCs offer this loan facility to their existing loan borrowers to avail additional loan over and above their outstanding loan amount with repayment flexibility.

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Short Term Personal Loan

This type of loan has a short tenure of 1 year or lower, making it an ideal option for individuals seeking smaller amounts with greater repayment flexibility.

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Personal Loan for Travel

Individuals seeking loans to finance their travel/holiday plans can use this loan facility to cover their various domestic & international travel-related spends.

READ FAQ

General Questions.

You can apply for a personal loan through the lender’s official website or visit a branch in person. Generally, you need identity proof, income proof, address proof, and a good credit history.

Missing a repayment can lead to late fees, higher interest charges, and negatively impact your credit score, making future borrowing more challenging.

Maintaining a good credit score, providing accurate and complete documentation, ensuring steady employment, and keeping existing debts manageable improve your chances of approval.

A secured personal loan requires collateral such as property or other assets, whereas an unsecured personal loan does not require any collateral, relying solely on your creditworthiness.