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 it suits
- Salaried employees with a steady monthly income
- Self-employed individuals with regular business income
- Anyone who needs funds quickly without pledging any asset
Eligibility
- 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
Documents you'll need
- PAN card and Aadhaar card
- Recent salary slips (salaried) or ITR/bank statements (self-employed)
- Bank statements, typically 3–6 months
- Passport-size photograph
A quick sense of the EMI
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 calculatorCommon 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.