Personal Loan :
 Access to Extra Funds

Extra funds instantly
Low interest rate
Minimal documents

A Top-Up Loan lets existing personal-loan customers borrow an additional amount from the same lender. Because your KYC and repayment history already exist, approvals are quicker, paperwork is lighter, and pricing is often more competitive than a brand-new personal loan.

Top-Up Loan Uses

  • Cover urgent medical or family expenses
  • Fund home improvement or interior upgrades
  • Consolidate multiple existing loans

Who Can Get a Top-Up

  • Existing personal-loan borrower with same bank/NBFC
  • Minimum 6–12 EMIs paid on time
  • Good credit score (typically 700+)
  • Stable income or steady profile

Get a Personal Loan upto ₹25 Lakh in 30 Minutes*

100% digital and secure process, 45% lower EMIs starting at ₹1104/Lakh, Pay interest only on what you use with flexi loan.

Instant e-KYC No collateral Flexible tenure Trusted partner
Approval in 2 minutes & Disbursal in 30 Mins*
⚡
Quick approvals: complete files can see same-day decisions.
💳
Unsecured: no collateral; credit profile drives pricing.
🧮
EMI clarity: compare total cost, fees, and prepayment rules before signing.

What is a Personal Loan?

A personal loan is an unsecured loan provided by banks, Non-Banking Financial Companies (NBFCs), and other financial institutions to individuals for their personal use. Unlike a home loan or a car loan, it is not backed by any collateral or security. This means you don't have to mortgage your house, car, or any other asset to get the loan.

The bank lends you money based on your creditworthiness, income, and repayment capacity. The loan is given as a lump sum amount, which you repay through fixed monthly instalments (EMIs) over a predetermined period (loan tenure). The EMI consists of a part of the principal amount and the interest charged.

Key Characteristics
  • Unsecured: No collateral required.
  • Fixed Amount: A lump sum is disbursed.
  • Fixed Interest Rate: Usually, the interest rate is fixed for the entire tenure.
  • Fixed Tenure: Ranges from 1 year to 5 years, sometimes up to 7 years.
  • EMI-based Repayment: Repaid in equal monthly instalments.

Types of Personal Loans

Personal loans vary based on purpose and borrower profile. Below are the most common types:

✨
Standard (Multi-Purpose) Loan

The most common personal loan, used for any legitimate personal need such as travel, weddings, home upgrades, or emergencies. No usage proof required.

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Debt Consolidation Loan

Combines multiple loans or credit card dues into one. Helps reduce interest cost and simplifies EMI management.

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Wedding Loan

Tailored to manage wedding expenses such as venue, jewelry, décor, and hospitality services.

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Travel Loan

Covers trip expenses like flights, accommodation, tours, and leisure activities without upfront savings.

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Home Renovation Loan

Used for home improvements, repairs, interiors, furniture, and renovation projects—quicker than secured top-up loans.

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Medical Loan

Helps cover emergency medical expenses and surgeries, especially when insurance coverage is insufficient.

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Education / Skill-Upgrade Loan

Funds short-term programs, certifications, or professional skill development courses not covered by traditional education loans.

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Consumer Durable Loan

Allows purchase of electronics, appliances, or gadgets—often available at POS with low/zero-interest offers.

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Pensioner Loan

Designed for retirees receiving a pension. Loan eligibility depends on pension income and bank policies.

Eligibility Criteria

Checklist
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Age

21–60 years (some lenders allow up to 65 years at loan maturity).

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Income

Usually ₹15,000–₹25,000+ monthly (depends on city and lender).

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Employment (Salaried)

2–3 years of total experience with at least 1 year in the current organization.

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Employment (Self-Employed)

2–5 years of business continuity with consistent income records.

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Credit Score (CIBIL)

750+ = Excellent, 700+ = Good.
Learn more

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Existing EMIs (DTI)

Maintain a healthy DTI ratio for better approval.

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Residential / Office Stability

A longer stay at the same address or office improves profile strength.

✅
KYC & Banking Cleanliness

PAN + Aadhaar ready. Avoid recent cheque bounces or DPD remarks.

Documents Required

Digital KYC supported
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Basic KYC (Common)
  • Identity: PAN (mandatory) + Aadhaar / Passport / Voter ID / Driving License.
  • Address: Aadhaar / Passport, recent utility bill, or registered rent agreement.
  • Bank Details: Cancelled cheque or bank statement for e-mandate (e-NACH).
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Documents Required – Salaried Employees
  • Income Proof: Last 3 months’ salary slips.
  • Bank Statement: Salary credit account – last 6 months.
  • Employment Proof: Employee ID card / HR letter (if asked by lender).
  • Additional: Form 16 / ITR as required by the bank/NBFC.
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Documents Required – Doctors
  • Professional Proof: Medical Registration Certificate (MCI / State Council).
  • Clinic / Hospital Proof: Clinic registration / hospital empanelment letter.
  • Income Proof: ITR for last 2–3 years / Form 16 (if salaried doctor).
  • Bank Statement: Last 6–12 months’ business / salary account statement.
🛡️
Documents Required – Armed Forces
  • Service ID: Defence / Paramilitary / Armed Forces ID card.
  • Posting Proof: Posting / transfer order or service letter (if asked).
  • Income Proof: Latest 3 payslips / salary certificate.
  • Bank Statement: Salary account statement for last 6 months.

Tip: Upload clear PDFs and ensure your name, IFSC, and account number are clearly visible on bank statements.

Frequently Asked Questions

A personal loan is an unsecured credit that helps meet financial needs like travel, wedding, medical expenses, or home renovation, repaid in EMIs.

Visit FinCrif.com, fill out the quick online form, upload your KYC and income proofs, and receive instant eligibility offers from partner banks and NBFCs.

FinCrif partners with multiple RBI-registered lenders offering interest rates starting from 10% p.a., depending on your credit score and income.

You’ll need Aadhaar, PAN, address proof, last 6 months’ bank statements, and 3 months’ salary slips (for salaried) or ITR (for self-employed).

Some lenders accept alternate income proofs like bank statements, Form 16, or rental income to verify your repayment capacity.

FinCrif is a digital aggregator that works only with RBI-registered banks and NBFCs to ensure safe and compliant loan services.

With eKYC and verified documents, loan approval can happen the same day, and disbursal is usually within 24 to 48 hours.

Lenders may charge a processing fee of 1–3% of the loan amount, plus applicable documentation or prepayment charges.

No. Personal loans are unsecured; you don’t need to pledge any asset. Approval depends on your credit score and income.

Yes, most lenders allow pre-closure or part-payment after 6–12 EMIs, subject to a small foreclosure charge.

Compare the best Personal loan offers

idfc-first-bank
IDFC First Bank
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
1%
Max Loan Amount
₹ 1 cr
Tenure Range
6 months to 5 years
incred
Incred
Interest Rate Range
Starting at 13.99 % onwards
Processing Fee
0-1%
Max Loan Amount
₹ 15 Lakhs
Tenure Range
1 to 5 years
bajaj-finserv
Bajaj Finserv
Interest Rate Range
Starting from 10.25% onwards
Processing Fee
0.5-3.93%
Max Loan Amount
upto 55 lakhs
Tenure Range
Upto 8 Years
axis-bank
Axis Bank
Interest Rate Range
Starting at 10.49% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 15 Lacs
Tenure Range
1 to 5 years
tata-fly
TATA FLY
Interest Rate Range
Starting at 18% onwards
Processing Fee
1- 3%
Max Loan Amount
₹25,00,000
Tenure Range
1 to 6 years
tata-capital
Tata Capital
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
0-1%
Max Loan Amount
₹ 35 lakhs
Tenure Range
upto 6 Years
bajaj-growth-location
Bajaj Growth Location
Interest Rate Range
NA
Processing Fee
NA
Max Loan Amount
NA
Tenure Range
NA
hdfc-bank
HDFC Bank
Interest Rate Range
Starting at 10.75% onwards
Processing Fee
2.50%
Max Loan Amount
₹ 40 Lakhs
Tenure Range
1 to 5 years
fibe
Fibe
Interest Rate Range
Starting at 18% onwards
Processing Fee
2%
Max Loan Amount
5 Lakhs
Tenure Range
6 to 36 months
smfg-india-credit
SMFG India Credit
Interest Rate Range
Starting at 13% onwards
Processing Fee
Up to 5%
Max Loan Amount
Up to INR 30 Lakh*
Tenure Range
1 to 5 years
bajaj-sol
Bajaj SOL
Interest Rate Range
Starting at 13% onwards
Processing Fee
0-4%
Max Loan Amount
upto 25 Lakhs
Tenure Range
1-5 years
Poonawalla-Fincorp
Poonawalla Fincorp
Interest Rate Range
Starting at 10.25% onwards
Processing Fee
3%
Max Loan Amount
50 Lakhs
Tenure Range
1-7 years
bajaj-prime-location
Bajaj Prime Location
Interest Rate Range
NA
Processing Fee
NA
Max Loan Amount
NA
Tenure Range
NA
axis-finance
Axis Finance
Interest Rate Range
Starting at 10% onwards
Processing Fee
0-3%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
1 to 7 years
bandhan-bank
Bandhan Bank
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
3%
Max Loan Amount
₹ 35 Lakhs
Tenure Range
1 to 5 years
finnable
Finnable
Interest Rate Range
Starting at 12% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 10 Lacs
Tenure Range
1-5 years
faircent
FairCent
Interest Rate Range
Starting at 9.99 % onwards
Processing Fee
0-3%
Max Loan Amount
₹ 10 lakhs
Tenure Range
6 months to 3 years
upwards
Upwards
Interest Rate Range
Starting at 18% onwards
Processing Fee
0-2%
Max Loan Amount
₹ 5 Lakhs
Tenure Range
1 to 5 years
moneyview
Moneyview
Interest Rate Range
Starting at 14% onwards
Processing Fee
2%
Max Loan Amount
₹ 10 Lakhs
Tenure Range
1 to 5 years
iifl
IIFL
Interest Rate Range
Starting at 12.75% onwards
Processing Fee
0-3%
Max Loan Amount
₹ 1 lacs to 25 lacs
Tenure Range
1 to 5 years
indusind-bank
IndusInd Bank
Interest Rate Range
Starting at 10.49% onwards
Processing Fee
0-2%
Max Loan Amount
50 Lakhs
Tenure Range
1 to 4 years
kotak-bank
Kotak Bank
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
0-2%
Max Loan Amount
₹ 30 Lakhs
Tenure Range
1 to 5 years
icici-bank
ICICI Bank
Interest Rate Range
Starting at 10.25% onwards
Processing Fee
0-1%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
1 to 6 years
rbl-bank
RBL Bank
Interest Rate Range
Starting at 18% onwards
Processing Fee
0-2%
Max Loan Amount
₹ 20 lakhs
Tenure Range
1 to 5 years
hdb-financial
HDB Financial
Interest Rate Range
Starting at 10% onwards
Processing Fee
0-3%
Max Loan Amount
upto ₹ 20 lakhs
Tenure Range
1 to 5 years
karur-vysya-bank
Karur Vysya Bank
Interest Rate Range
Starting at 11.15% onwards
Processing Fee
0.50%
Max Loan Amount
upto ₹ 75 lacs
Tenure Range
1 to 6 years
union-bank-of-india
Union Bank of India
Interest Rate Range
Starting at 11.35% onwards
Processing Fee
1.0%
Max Loan Amount
upto 15 lakhs
Tenure Range
1 to 5 years
canara-bank
Canara Bank
Interest Rate Range
Starting at 10.95% onwards
Processing Fee
0.50%
Max Loan Amount
Upto 30 Lakhs
Tenure Range
1 to 7 years
federal-bank
Federal Bank
Interest Rate Range
Starting at 11.49 % onwards
Processing Fee
2.50%
Max Loan Amount
₹ 50 lakhs
Tenure Range
1 to 5 years
yes-bank
Yes Bank
Interest Rate Range
Starting at 10.99% onwards
Processing Fee
2%
Max Loan Amount
₹ 40 lakhs
Tenure Range
1 to 5 years
aditya-birla-capital
Aditya Birla Capital
Interest Rate Range
Starting at 10.99 % onwards
Processing Fee
2%
Max Loan Amount
₹ 50 Lakhs
Tenure Range
0 to 7 years