Personal Loan
An unsecured loan for any personal need — a wedding, medical bill, travel, or simply consolidating other debts into one EMI.
A personal loan is money you borrow for any purpose — a wedding, a medical emergency, home renovation, travel, or paying off costlier debts — without pledging any property, gold or vehicle against it. Because there’s no collateral, approval leans heavily on your income and credit history, which is exactly where matching you to the right lender out of our 90+ partners makes the biggest difference.
Most personal loans are repaid over a few years in fixed monthly instalments, and many lenders can disburse funds quickly once your documents are in order. We look at your profile first and only approach the banks and NBFCs where you have a genuine chance — so you’re not left guessing, and your CIBIL score isn’t dented by needless enquiries.
Who is a personal loan for?
- Salaried employees with a steady monthly income
- Self-employed individuals with regular business income
- Anyone who needs funds quickly without pledging any asset
Who is eligible for a personal loan?
- Age typically 21–60 years at loan maturity
- Regular income — salaried or self-employed
- A working CIBIL score improves your options, but a lower score doesn't rule you out — we match you to lenders whose criteria fit
- Existing EMI obligations are factored in by the lender
What documents do you need for a personal loan?
- PAN card and Aadhaar card
- Recent salary slips (salaried) or ITR/bank statements (self-employed)
- Bank statements, typically 3–6 months
- Passport-size photograph
How much would a personal loan EMI cost?
For example, ₹5,00,000 over 5 years at an indicative 11% works out to about:
₹10,871/month
Indicative only — your actual EMI depends on the amount, tenure and rate you're offered.
Try the full calculatorPersonal loan for a low CIBIL score
A personal loan is unsecured, so lenders lean on your CIBIL score more heavily here than for almost any other loan type — there's no gold, property or vehicle backing the loan if you don't repay, so your score is doing most of the risk assessment for them. A lower score genuinely does narrow which of our 90+ partner banks and NBFCs will consider you, but it rarely rules you out entirely.
Several NBFCs on our panel specifically work with applicants who have a weaker or thin credit history — often at a somewhat higher interest rate to offset their own risk, sometimes with a smaller sanctioned amount than you'd get with a stronger score. What's realistic depends on how low your score is, your income, and your existing obligations, which is exactly the kind of profile-matching we do before we approach any lender on your behalf.
We'll tell you honestly what's achievable rather than let you burn hard enquiries testing lenders who were never going to say yes.
Already been rejected for a personal loan?
A rejection from one bank is one of the most common reasons people come to us — and very often, yes, we can still help. A decline usually means you didn't match that particular lender's own rules, not that you're unbankable everywhere.
Every bank and NBFC sets its own conditions on income, employment type, age, existing EMIs and CIBIL score. A profile one lender declines can be perfectly acceptable to another — NBFCs in particular are frequently more flexible than large banks on exactly the factors that get people turned down.
Reapplying blind at another branch risks the same outcome, plus another hard enquiry pulling your score down further. With 90+ banks and NBFCs on our panel, our job is to find the lenders your profile actually fits, instead of trying your luck again at the same kind of counter. And if we genuinely don't think a loan is realistic right now, we'll say so and explain what to fix first, rather than put you through another rejection.
Self-employed and applying without ITR?
Self-employed applicants are a large part of what we do, and a missing or thin ITR history doesn't automatically close the door. In place of salary slips, lenders look for other evidence that money genuinely comes in regularly — bank statements (often 6–12 months), GST returns, or straightforward proof of your business.
What's required varies noticeably by lender — some NBFCs are far more flexible than large banks about accepting bank-statement patterns in place of formal filings, especially for smaller loan amounts. If your paperwork is incomplete or inconsistent, that's still worth telling us rather than assuming you don't qualify.
We'll look honestly at what you actually have, tell you what's realistically usable, and flag anything still needed before you spend time on a full application.
What if you're missing a document?
The checklist above covers what most lenders ask for, but real applications rarely arrive with every box neatly ticked. Requirements also genuinely vary lender to lender — one NBFC's minimum bank-statement window might be three months, another's six, and salaried vs self-employed applicants are asked for different proof of income entirely.
If something on the list isn't available — an old address proof, a salary slip from a job you've since left, ITR for a year you didn't file — tell us before assuming it's a dead end. Often there's an acceptable alternative, and it's far better to sort that out with us upfront than mid-application with a lender.
We confirm exactly what's needed for the specific lender we're matching you to, before you need to arrange anything extra.
Common questions about personal loan
Is a personal loan secured against anything?
No. A personal loan is unsecured — you don't pledge property, gold or any other asset. This is exactly why lenders weigh your income and CIBIL score so closely.
Can I prepay or foreclose my personal loan early?
Most lenders allow part-prepayment or full foreclosure after an initial lock-in period, often with a small charge. The exact terms vary by lender — we'll walk you through them for the lender you're matched with before you sign anything.
How is the loan amount decided?
Primarily by your income and existing EMI commitments — lenders generally want your total EMIs, including the new one, to stay within a comfortable share of your monthly income.
Can two people apply together for a personal loan?
Some lenders allow a co-applicant, which can strengthen the application if the co-applicant has a steady income. Availability depends on the specific lender.
Ready to talk about your personal loan?
Tell us your need and we'll match you to the right lender from our panel of 90+ banks & NBFCs.