Loan Services
Personal loans with no security and a clear repayment plan
A personal loan gives you a fixed amount without pledging any asset, repaid in equal monthly instalments. It is the fastest form of credit to arrange and the most expensive, so it suits genuine short-term needs rather than long-term funding.
We are direct about this one: a personal loan costs considerably more than a loan backed by property. If you own property and need a large sum for a long period, a mortgage loan will almost always be cheaper. We will tell you that rather than arrange the more expensive product.
Where a personal loan genuinely fits is a defined, near-term expense — a wedding, a medical bill, a course fee, or clearing several high-interest dues into one instalment you can actually track.
Applying is easier when your income and identity documents are ready in advance. Exact requirements vary by lender, employment profile and the amount you are asking for, but the list below covers what almost every lender wants to see.
- Typical tenure
- 1 to 5 years
- Security
- None
- Minimum monthly salary
- Around ₹15,000, subject to the lender's own eligibility criteria
- Speed
- Often the quickest loan to sanction
Who this suits
- A steady, documented income — salaried or self-employed — credited through a bank account; cash salary is generally not accepted
- A credit score in good standing, since there is no asset backing the loan
- Existing EMIs that leave room for another instalment
- Age generally between 21 and 58
Documents required for personal loan
Basic KYC documents
- Aadhaar card
- PAN card
- Active mobile number
- Email ID
- Current address proof, if required
Salary & income documents
- Minimum monthly salary of around ₹15,000, subject to lender eligibility
- Salary credited through a bank account — cash salary is generally not accepted
- Latest 3 months' salary slips
- Salary certificate, if applicable
- Company ID card, if available
Banking documents
- Latest 12 months' bank statement
- Bank account should preferably reflect regular salary credits
Exact requirements vary by lender, employment profile and loan amount. We confirm the precise list for your file before anything is submitted, so nothing comes back for a missing page.
Personal Loan — common questions
No. Because nothing is pledged, the lender charges more for the risk. If you have gold or property available, those routes are usually cheaper for the same amount.
Usually yes, but check the foreclosure charge first. Some lenders allow free prepayment after a lock-in period and others charge a percentage of the outstanding. We confirm this before you sign.
Sometimes, at a higher rate or a lower amount. It is often better to spend a few months repairing the score. We can look at your report and tell you which is the more sensible route.
Personal loans are generally available to salaried and self-employed applicants who meet the lender's income, employment, credit and repayment criteria. Consistent salary credits and complete documentation make the application go faster. Approval, interest rate, loan amount and final eligibility are always decided by the lender based on its own internal policy.
Tell us what you need
A loan, a building, a plot — start with a conversation. We will tell you plainly whether we can help and what it will cost.