₹1 Lakh Personal Loan - EMIs Starting as low as @11% p.a.

Get a Personal Loan for ₹ 1 Lakh

Do you need a Personal Loan to manage unexpected expenses or fulfill your dreams? A Personal Loan for 1 Lakh is available at 11%* p.a. with quick and easy funding. Whether you need to cover medical bills, education fees, or a wedding, our 1 Lakh Personal Loan offers the flexibility you need without the hassle. A ₹ 1 Lakh Personal Loan can be a simple solution for your personal needs. With easy to fulfil eligibility criteria and minimal documentation, you can get a loan of 1 Lakh without income proof. If you say, "I want a 1 Lakh rupees loan urgently," we ensure a swift approval process to meet your urgent financial requirements.

EMI Calculator for Personal Loan of ₹ 1 Lakh

Use our EMI Calculator for Personal Loan of ₹ 1 Lakh to estimate your monthly payments. Enter the loan amount, interest rate and tenure to see how much you need to repay each month. Planning your finances becomes easier with our user-friendly calculator.

Why Opt for a ₹ 1 Lakh Personal Loan?

Choosing a ₹ 1 Lakh Personal Loan comes with several benefits:

1. Address urgent financial needs quickly

2. Manageable EMIs make repayment easier

3. Versatile usage for various personal expenses

4. Flexible tenure options to suit your budget

Key Features and Benefits of a ₹ 1 Lakh Personal Loan

A quick approval process ensures you get funds fast
Competitive interest rates keep your costs low
Flexible tenure options allow you to choose repayment periods
No collateral is required to secure the loan
Minimal documentation makes the application process easy

Eligibility Criteria for ₹ 1 Lakh Personal Loan

Type	Criteria
Residency	Indian resident
Age requirement	21 years to 58 years
Profession	Salaried or self-employed individuals

Documents Required for ₹ 1 Lakh Personal Loan

Document Type	Required Document & Checks
Identity Proof	Passport \| PAN Card \| Driver License \| Voter ID \| Aadhaar Card
Address Proof	Utility bill of any service provider not more than 2 months old (Electricity, Telephone, Post-paid Mobile Phone, Piped Gas, Water Bill) \| Passport \| Voter ID Card \| Driving License
Income Proof	Income proofs vary for different professionals across salaried and self employed.

Please find the easy detailed list of required documents here

Type	Document
Salaried	Last 3 month's salary slips / Form 16 / Last 3 month's bank statement reflecting salary credits / Salary Certificate
Self Employed	Latest Income Tax Return (ITR)
Bank Statement	Last 3 month's statement is mandatory
Residence Ownership Proof	Not mandatory

Interest Rates & Charges for ₹ 1 Lakh Personal Loan

Type	Interest Rate and Charges
Loan Processing Fees (non-refundable):	Upto 3%* of Loan Amount + applicable taxes
EMI Dishonour/ Bounce Charges:	As shown in the table below
*A bounce charge is a charge for (i) dishonour of any repayment instrument; or (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
Sanctioned Loan Amount	Charges
< ₹ 5 Lakh	₹ 500
₹ 5 Lakh - ₹ 30 Lakh	₹ 1000
Late Payment Charges (LPC)/ Penal Charges:	2% (p.m.) on EMI overdue + applicable taxes
	*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec'23
	*Taxes applicable on LPC w.e.f. 1st Apr'24
Part Payment Charges:	Up to 5% of pre-paid amount + applicable taxes
Foreclosure Charges:	5% of POS (Principal Outstanding) + applicable taxes
Legal/ Recovery Charges:	As per actuals
Duplicate NOC Charges:	First 3 paper copies - free of cost
Duplicate NOC Charges:	From 4th Paper copy - ₹250 + applicable taxes
Repayment Swap charges (per swap):	₹500 + applicable taxes (applicable only for branch walk-ins)
Loan Cancellation Charge:	Nil - for 3 days from date of disbursal
Loan Cancellation Charge:	From 4th day - 5%+ applicable taxes (on the outstanding loan amount)
Document Charges:	Nil for Statement of Account (SOA), Repayment Schedule, Foreclosure Letter, Welcome Kit
Annual Maintainance Charges (AMC):	Nil