Apply for Personal Loan Online
Compare Best Offers in India:
A personal loan is an unsecured loan offered by banks, NBFCs, and fintech lenders to help you meet any financial need — from a medical emergency to a wedding or travel. Compare interest rates starting from 9.99% p.a. across 30+ lenders and apply online in minutes through FinCrif.
Key Benefits
- Multi-purpose use for any personal need
- No collateral or security required
- Quick digital process & fast disbursal
Loan Highlights
- High loan amounts up to ₹1 CR
- Flexible tenure for easy repayment
- Minimal documentation required
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Personal Loan EMI Calculator
Planning your loan repayment in advance can help you manage your monthly budget more effectively. A Personal Loan EMI Calculator allows you to calculate your estimated monthly EMI based on the loan amount, interest rate, and repayment tenure selected.
If you are earning a salary of ₹50,000 or more per month, you may be eligible for higher loan amounts with flexible repayment options depending on your credit profile and existing financial obligations.
At FinCrif, borrowers can instantly calculate their EMI online before applying for a personal loan.
Example EMI Calculation for Salaried Individuals
Let’s understand with an approximate example for a salaried employee earning ₹50,000+ monthly income.
| Loan Amount | Interest Rate | Tenure | Approx EMI | Total Interest Payable |
|---|---|---|---|---|
| ₹1,00,000 | 10.99% | 12 Months | ₹8,838.00 | ₹6,056.00 |
| ₹3,00,000 | 11.49% | 36 Months | ₹9,891.00 | ₹56,076.00 |
| ₹5,00,000 | 10.99% | 48 Months | ₹12,940.00 | ₹1,21,120 |
| ₹7,00,000 | 12.49% | 60 Months | ₹15,744.00 | ₹2,44,640 |
Types of Personal Loans Offered
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.
Combines multiple loans or credit card dues into one. Helps reduce interest cost and simplifies EMI management.
Wedding Loan
Tailored to manage wedding expenses such as venue, jewelry, décor, and hospitality services.
Travel Loan
Covers trip expenses like flights, accommodation, tours, and leisure activities without upfront savings.
Home Renovation Loan
Used for home improvements, repairs, interiors, furniture, and renovation projects—quicker than secured top-up loans.
Medical Loan
Helps cover emergency medical expenses and surgeries, especially when insurance coverage is insufficient.
Education / Skill-Upgrade Loan
Funds short-term programs, certifications, or professional skill development courses not covered by traditional education loans.
Consumer Durable Loan
Allows purchase of electronics, appliances, or gadgets—often available at POS with low/zero-interest offers.
Pensioner Loan
Designed for retirees receiving a pension. Loan eligibility depends on pension income and bank policies.
Personal Loan Eligibility Criteria
ChecklistAge
21–60 years (some lenders allow up to 65 years at loan maturity).
Income
Usually ₹15,000–₹25,000+ monthly (depends on city and lender).
Employment (Salaried)
2–3 years of total experience with at least 1 year in the current organization.
Employment (Self-Employed)
2–5 years of business continuity with consistent income records.
Credit Score (CIBIL)
750+ = Excellent, 700+ = Good.
Learn
more
Existing EMIs (DTI)
Maintain a healthy DTI ratio for better approval.
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 for Personal Loan
Digital KYC supportedBasic 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).
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.
Documents Required – Doctors
- Professional Proof: Medical Registration Certificate.
- Clinic / Hospital Proof: Clinic registration / empanelment letter.
- Income Proof: ITR for last 2–3 years / Form 16.
- Bank Statement: Last 6–12 months’ account statement.
Documents Required – Armed Forces
- Service ID: Defence / Paramilitary / Armed Forces ID card.
- Posting Proof: Posting / transfer order or service letter.
- 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.
How to Apply for a Personal Loan Online
Applying for a personal loan online is now faster, easier, and completely paperless. With FinCrif, you can enjoy a seamless digital application process that lets you apply from anywhere—no need to visit a branch or deal with lengthy paperwork. Whether it’s an urgent expense or a planned financial need, FinCrif ensures quick processing and approval, helping you access funds within just 1 hour.
Step-by-Step Personal Loan Application Process
Fill the Online Application Form
Enter your personal, employment, and income details in the online loan application form.
Upload Required Documents
Submit your KYC and income documents securely through the online platform.
Check Loan Eligibility
The system evaluates your eligibility based on income, credit score, and repayment history.
Get Instant Approval
Eligible applicants may receive quick approval within a short time.
Receive Loan Amount in Bank Account
Once approved, the loan amount is disbursed directly to your bank account.
Advantages of Applying Online
- ✅ Quick application process
- ✅ Minimal paperwork
- ✅ Instant eligibility check
- ✅ Faster approvals
- ✅ Secure digital process
Online personal loan applications save time and make borrowing easier for individuals looking for urgent financial assistance.
Frequently Asked Questions (FAQs)
Compare The Best Loan Offers
IDFC First Bank
Starting at 9.99 % onwards
1%
₹ 1 cr
6 months to 5 years
Incred
Starting at 13.99 % onwards
0-1%
₹ 15 Lakhs
1 to 5 years
Bajaj Finserv
Starting from 10.25% onwards
0.5-3.93%
upto 55 lakhs
Upto 8 Years
Axis Bank
Starting at 10.49% onwards
0-1%
₹ 15 Lacs
1 to 5 years
TATA FLY
Starting at 18% onwards
1- 3%
₹25 Lakhs
1 to 6 years
Tata Capital
Starting at 10.99 % onwards
0-1%
₹ 35 lakhs
upto 6 Years
Bajaj Growth Location
NA
NA
NA
NA
HDFC Bank
Starting at 10.75% onwards
2.50%
₹ 40 Lakhs
1 to 5 years
Fibe
Starting at 18% onwards
2%
5 Lakhs
6 to 36 months
SMFG India Credit
Starting at 13% onwards
Up to 5%
Up to INR 30 Lakh*
1 to 5 years
Bajaj SOL
Starting at 13% onwards
0-4%
upto 25 Lakhs
1-5 years
Poonawalla Fincorp
Starting at 10.25% onwards
3%
50 Lakhs
1-7 years
Bajaj Prime Location
NA
NA
NA
NA
Axis Finance
Starting at 10% onwards
0-3%
₹ 50 Lakhs
1 to 7 years
Bandhan Bank
Starting at 9.99 % onwards
3%
₹ 35 Lakhs
1 to 5 years
Finnable
Starting at 12% onwards
0-1%
₹ 10 Lacs
1-5 years
FairCent
Starting at 9.99 % onwards
0-3%
₹ 10 lakhs
6 months to 3 years
Upwards
Starting at 18% onwards
0-2%
₹ 5 Lakhs
1 to 5 years
Moneyview
Starting at 14% onwards
2%
₹ 10 Lakhs
1 to 5 years
IIFL
Starting at 12.75% onwards
0-3%
₹ 1 lacs to 25 lacs
1 to 5 years
IndusInd Bank
Starting at 10.49% onwards
0-2%
50 Lakhs
1 to 4 years
Kotak Bank
Starting at 10.99 % onwards
0-2%
₹ 30 Lakhs
1 to 5 years
ICICI Bank
Starting at 10.25% onwards
0-1%
₹ 50 Lakhs
1 to 6 years
HDB Financial
Starting at 10% onwards
0-3%
upto ₹ 20 lakhs
1 to 5 years
Karur Vysya Bank
Starting at 11.15% onwards
0.50%
upto ₹ 75 lacs
1 to 6 years
Union Bank of India
Starting at 11.35% onwards
1.0%
upto 15 lakhs
1 to 5 years
Canara Bank
Starting at 10.95% onwards
0.50%
Upto 30 Lakhs
1 to 7 years
Federal Bank
Starting at 11.49 % onwards
2.50%
₹ 50 lakhs
1 to 5 years
muthoot finance
10.25%
0-3%
₹ 25 Lakhs
1 to 6 year
Yes Bank
Starting at 10.99% onwards
2%
₹ 40 lakhs
1 to 5 years
Aditya Birla Capital
Starting at 10.99 % onwards
2%
₹ 50 Lakhs
0 to 7 years
