Personal Loan
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Low interest rates from top banks in India

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Compare Personal Loans from Top Banks

Find the best personal loan offers customized for your needs

Bank/NBFC Interest Rate (p.a.) Loan Amount Tenure Age Eligibility Action
HDFC Bank 10.50% - 16.00% ₹50,000 - ₹5,00,000 12 - 60 months 21 - 60 years
Salary: ₹25,000/month
CIBIL: 700+ 		Apply Now
ICICI Bank 10.75% - 17.50% ₹50,000 - ₹5,00,000 12 - 60 months 21 - 60 years
Salary: ₹20,000/month
CIBIL: 720+ 		Apply Now
SBI 9.85% - 15.75% ₹1,00,000 - ₹5,00,000 12 - 60 months 21 - 60 years
Salary: ₹30,000/month
CIBIL: 750+ 		Apply Now
Bajaj Finserv 11.00% - 16.00% ₹30,000 - ₹5,00,000 12 - 60 months 21 - 60 years
Salary: ₹18,000/month
CIBIL: 680+ 		Apply Now
Axis Bank 10.99% - 16.00% ₹50,000 - ₹5,00,000 12 - 60 months 21 - 60 years
Salary: ₹25,000/month
CIBIL: 720+ 		Apply Now

Why Choose Loanfatafat for Personal Loans?

Fast Approval

Get instant loan approval within minutes and funds disbursed within 24-48 hours

Lowest Interest Rates

Access to competitive interest rates starting from just 9.85% p.a. from our partner banks

Zero Documentation

Completely paperless process with minimal documentation and online verification

Flexible Loan Amount

Choose your loan amount from ₹30,000 to ₹5,00,000 based on your requirements

Flexible Tenure

Choose repayment tenure from 1 to 5 years according to your comfort and affordability

Free Credit Score Check

Get your CIBIL score checked for free without affecting your credit rating

Personal Loan Eligibility

Check if you're eligible for a personal loan through Loanfatafat.in

For Salaried Individuals

  • Age: 21-60 years

  • Minimum monthly income: ₹18,000

  • Employment status: At least 6 months with current employer

  • CIBIL score: 680 or above

For Self-Employed Individuals

  • Age: 21-60 years

  • Business vintage: Minimum 2 years

  • ITR for the last 2 financial years

  • CIBIL score: 680 or above

Calculate Your Personal Loan EMI

Monthly Loan EMI
₹ 14,347
Fourteen Thousand Three Hundred And Forty Seven
Loan Amount
₹
One Lakh
50K 1 Cr
Loan Tenure
Years
1 5
Rate Of Interest
%
8 25
Payment Breakdown:
Principal Amount
₹10,00,000
Interest Payable
₹7,21,651
Total Amount Payable
₹17,21,651

EMI Payment Schedule

Year Principal paid yearly
(A)		 Interest paid yearly
(B)		 Total Payment
(A + B)		 Balance Loan Paid
To Date

Documents Required for Personal Loan

Prepare these documents for faster loan approval

Identity & Address Proof

  • 1.
    Aadhaar Card

    Valid, linked to mobile number

  • 2.
    PAN Card

    Mandatory for all loan applications

  • 3.
    Voter ID / Passport / Driving License

    Any one additional ID proof

  • 4.
    Utility Bills

    Electricity/Water bill (not older than 3 months)

Income Proof

For Salaried Individuals
  • 1.
    Latest 3 months' salary slips
  • 2.
    Last 1 year bank statements

    Showing salary credits

  • 3.
    Form 16 Part A and B or Form 26AS Part A and B
  • 4.
    Latest 2 year ITR With computation of income
For Self-Employed
  • 1.
    Latest 2 year ITR With computation of income
  • 2.
    Last 1 year bank statements
  • 3.
    GST Certificate or MSME Certificate
  • 4.
    1 Year GST Return
*All documents in pdf format.

Uses of Personal Loan

A personal loan can help you meet various financial needs

Medical Emergencies

Cover unexpected hospital expenses and medical treatments

Education Expenses

Fund higher education or professional courses for yourself or family

Wedding Expenses

Finance your dream wedding without compromising on celebrations

Home Renovation

Upgrade your living space with necessary repairs and renovations

Debt Consolidation

Consolidate multiple high-interest debts into a single lower-rate loan

Vacation & Travel

Fund your dream vacation or emergency travel needs

Gadget Purchases

Buy latest electronics, gadgets, or appliances with easy EMIs

Business Needs

Meet short-term business requirements and working capital needs

Frequently Asked Questions

Get answers to common questions about personal loans

A personal loan is an unsecured loan offered by banks or NBFCs to meet personal financial needs. Unlike secured loans, it doesn't require collateral. You receive a lump-sum amount and repay it in fixed monthly installments (EMIs) over a predetermined period, typically 1-5 years. The loan carries an interest rate based on your credit profile, income, and the lender's policies.

The general eligibility criteria include:
  • Age: 21-60 years for salaried.
  • Income: Minimum monthly income of ₹18,000 for salaried individuals
  • At least 1 year with current employer for salaried.
  • 2 years in business for self-employed
  • Credit Score: Generally 680+ (higher scores get better rates)
  • Valid KYC documents: PAN card, Aadhaar card, and address proof
Specific eligibility may vary based on the lending partner.

With Loanfatafat.in, you can get instant approval within minutes once your application is submitted with all required documents. The actual disbursal of funds to your bank account typically happens within 24-48 hours after document verification and final approval, making it one of the fastest loan processing platforms in India.

The documents required for a personal loan application through Loanfatafat.in include:
  • Identity & Address Proof: Aadhaar Card, PAN Card, Voter ID/Passport/Driving License (any one), and utility bills (not older than 3 months).
  • For Salaried Individuals: Latest 3 months' salary slips, last 1 year bank statements showing salary credits, and Form 16 Part A and B or Form 26AS Part A and B.
  • For Self-Employed Individuals: Last 2 years' ITR with computation of income, last 1 year bank statements, GST Certificate or MSME Certificate and 1 Year GST Return.
All documents are processed through a paperless, online verification system for faster approval.

Yes, most lenders allow prepayment or foreclosure of personal loans after a minimum period (usually 6-12 months), subject to their terms. Some banks may charge a prepayment penalty (typically 2-5% of the outstanding amount). Check with the specific lender for their prepayment or foreclosure policies before applying.

Your CIBIL score reflects your creditworthiness. A higher score (680+) increases your chances of loan approval and secures lower interest rates. Scores below 680 may lead to higher rates or rejection. Loanfatafat.in offers a free CIBIL score check without impacting your credit rating, helping you assess your eligibility.

Personal loans may include charges like processing fees (1-3% of loan amount), prepayment penalties, late payment fees, and GST on fees. Loanfatafat.in ensures transparency by providing all fee details upfront from partner banks. Always review the loan agreement for complete clarity on charges.
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