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Personal Loan

10% p.a. ₹20,000 - ₹1,000,000 | 1 - 5 Years

Important Personal Loan Information

Please review the loan terms, repayment period and representative cost before applying.

Loan Amount

₹20,000 – ₹1,000,000

Subject to lender eligibility and approval.

Maximum Annual Percentage Rate (APR)

Up to 10% APR

Actual APR may vary based on the lending partner and applicant profile.

Repayment Period

1 – 5 Years

Final tenure depends on lender approval and eligibility.

Processing Fee

₹0 Platform Fee

Any lender charges, if applicable, are disclosed before acceptance.

Representative Example

The following is a representative illustration based on the loan terms displayed on this page.

Loan Amount

₹20,000

Annual Percentage Rate (APR)

10.00%

Repayment Period

1 Year

Estimated Monthly Payment

₹1,758.32

Total Interest

₹1,099.81

Processing Fee

₹0.00

Total Cost of Representative Loan

₹21,099.81

This representative example is illustrative. Actual APR, EMI, tenure, fees and total repayment may vary according to the lending partner's assessment and the applicant's eligibility.

Important Disclaimer

Personal Loan applications are subject to the lending partner's eligibility, verification, credit assessment and approval process. LoanWala facilitates loan enquiries and does not guarantee approval or disbursement. Final loan amount, APR, repayment period, EMI, fees and other applicable terms are determined by the respective lending partner and are disclosed before acceptance of the loan.

About This Loan

Whether it's a wedding, medical emergency, home renovation, or travel — our Personal Loan covers all your immediate financial needs with minimal documentation and quick approval.

Key Features

No collateral required — completely unsecured
Approval within 24 hours of application
Minimal documentation — Aadhaar, PAN, Salary slip
Flexible tenure from 1 to 5 years
No prepayment penalty — close early, save more
Doorstep document collection available
Online tracking of your application
Same interest rate for salaried & self-employed

Eligibility Criteria

Age: 21 to 60 years
Minimum monthly income: ₹15,000 (salaried) / ₹25,000 (self-employed)
Employment: Minimum 1 year current employment
CIBIL Score: 650+ preferred
Residence: Indian citizen with valid address proof
No default history in last 24 months

Required Documents

1 Aadhaar Card (mandatory)
2 PAN Card (mandatory)
3 Salary Slips (last 3 months) / ITR
4 Bank Statement (last 6 months)
5 Passport-size photograph
6 Current Address Proof (if different from Aadhaar)
7 Employment/Appointment Letter
8 Form 16 (for salaried applicants)

What Can You Use It For?

Wedding ExpensesMedical EmergencyHome RenovationTravel & VacationDebt ConsolidationHigher EducationConsumer DurablesAny Personal Need

Calculate Your EMI

Your Monthly EMI

₹4,249

Loan Amount ₹2,00,000
₹20,000 ₹1,000,000
Tenure 1 Years
1 Yr 5 Yr
Total Interest ₹54,960
Total Payment ₹2,54,960
Apply for Personal Loan →
Free Apply No Charges 24hr Approval

Quick Info

Interest Rate 10% p.a.
Processing Fee ₹0 (Nil)
Prepayment Penalty None
Approval Time 24 Hours
Collateral Not Required

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