1 Lakh Personal Loan

Name: Rs 1 Lakh Personal Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Looking for a loan of 1 lakh without the stress of paperwork or pledging any collateral? Whether it’s an emergency, travel plans, marriage, or other immediate expenses, a 1 lakh personal loan is just the right fit. Simply scroll, compare and choose from a variety of loan offers at Paisabazaar in just a few clicks.

Top Picks

Multiple offers, trusted names

The Digital Way

Digital processes for hassle-free experience.

Help, always

End-to-end assistance

Quick Approval

Instant loan disbursal

Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Get up to ₹1,000*

Voucher on disbursal

Valid till 15^th November '25

Valid till 15^th November '25*T&C Apply

Check Personal Loan Offers Online

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Top Picks

Multiple offers, trusted names

The Digital Way

Digital processes for hassle-free experience.

Help, always

End-to-end assistance

Quick Approval

Instant loan disbursal

Personal Loan EMI Calculator

Amount

₹

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

Amount

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

₹

50K50L

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

Find Best Personal Loan Offers

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹40L

Rate of Interest9.99% - 17.15%

Tenure upto1-5 Years

Processing Fee1% - 1.5%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

Quick Links

How to apply for a Rs. 1 lakh loan

Fee & Charges

Eligibility Criteria

Documents Required

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

1 Lakh Personal Loan in Just 5 Steps at Paisabazaar

Look, we understand the daunting task of going from website to website to choose the right personal loan. To make it easier, we at Paisabazaar have done the work for you. To apply for a personal loan of Rs. 1 lakh:

Visit Paisabazaar on the web or app.
Enter your mobile number in the application form.
Fill in your personal details.
Enter OTP to verify your mobile number.
Select the loan amount and loan purpose.

Now, just check and compare the available personal loan offers from multiple lenders and apply for the best-suited personal loan.

From Interest to Fees: Know It All Before You Apply

The Rs. 1 lakh loan interest rate generally ranges from 9.98% to 24% based on eligibility. Your income, credit score, loan tenure, etc., will determine the exact interest rate on your loan.

Apart from the interest rate on personal loan, there are other fees and charges that you will have to pay on your one lakh loan amount. Take a look at the common fees and charges levied by lenders:

Processing Fees: Up to 4% of the loan amount
Prepayment and Foreclosure Charges: Up to 5% of the outstanding loan amount
Late EMI payment charges: 1%-2% p.a. on the EMI overdue amount
Stamp Duty Charges: As per actuals

Here’s What Lenders Look For - Eligibility Criteria

Before you apply for your personal loan, be sure to check the eligibility criteria as mentioned below:

Age: 21 to 60 years
Credit Score: Usually 750+ preferred
Income:
- Salaried: Minimum net monthly income of Rs. 15,000/month
- Self-Employed: Minimum Rs 3 lakh/year
Work Stability: Minimum 1 year in current job/business

Keep These Documents Ready for a Hassle-Free Application

Try and keep these documents handy to avoid last-minute shake-ups.

Identity Proof: Aadhaar, PAN, Passport, Voter ID
Address Proof: Aadhaar, Utility Bill, Passport
Salaried: Last 3 months’ salary slips
Self-Employed: ITR (last 1–2 years)
Bank Statements: Last 6 months
Passport-Size Photographs

Avail Personal Loan For
All Your Needs

EMI & Interest Breakdown for 1 lakh Personal Loan for Up to 5 Year Tenures

We have done the math below, so you have a clear picture of what lies ahead. Take a look at the EMI for a 1 lakh loan at 12.00% p.a. interest from 1 year to 5 years tenures:

Tenure	EMI	Total Interest	Total Payable
1 year	Rs 8,885	Rs 6,619	Rs 1,06,619
2 years	Rs 4,707	Rs 12,976	Rs 1,12,976
3 years	Rs 3,321	Rs 19,572	Rs 1,19,572
4 years	Rs 2,633	Rs 26,402	Rs 1,26,402
5 years	Rs 2,224	Rs 33,467	Rs 1,33,467

Lower EMI vs. Lower Interest Cost

Lower EMIs over longer tenures may ease the monthly burden, but total repayment increases substantially.
A 5-year loan tenure leads to Rs 33,467 in interest, over 5 times what you’d pay for a 1 year loan.
Choosing a shorter tenure significantly reduces interest cost, if your monthly budget allows keeping aside essential financial goals.
Borrowers with a limited repayment capacity can opt for longer loan tenures and prepay when they have adequate surplus funds.

Note: Prepayments should not compromise monthly contributions. Some lenders may mandate borrowers to repay a predetermined number of EMIs before allowing prepayments or foreclosures and levy penal charges for the same. Fixed-rate loans have no prepayment penalties

Swipe to see more table data

When to Choose a Loan of 1 Lakh

To cover small but urgent expenses – such as medical bills, car repairs, or gadget replacements.
To bridge a temporary cash gap – for short-term needs until your next income.
To fund skill upgrades or certifications – without over-borrowing for education or training.
To fund a part of your wedding – covering functions, outfits, or other arrangements.
To pay for minor home renovations– such as painting, plumbing repairs, or furniture upgrades.
To finance travel plans– whether for domestic or international trips within budget.

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

Avail Personal Loan For
All Your Needs

FAQs

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What our customers say

Feedback - Customer support

I recently received a quick loan through PaisaBazaar, and I want to sincerely appreciate the excellent customer support I received from Ms. Abhinaya ( Customer EW33882) During a critical financial situation, her guidance and support were truly exceptional. She was patient, professional, and empathetic throughout the process, making sure I understood everything clearly and felt confident in my decisions. Thank you, Ms. Abhinaya, and PaisaBazaar, for being there when I needed it most.

EZAKIEL BSep 18, 2025

Exceptional Support During Loan Process

I’m writing to express my sincere appreciation for Mohammad Shazeb (Employee Code: EW33348) for the excellent support he provided during my recent loan process. There was a complication with the KYC verification, and Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly.

Abhishek ThakurSep 1, 2025

Outstanding Assistance from Ms. Seema Kumari

I would like to express my sincere appreciation for Ms. Seema Kumari (Employee ID: EW32347) for her exceptional support in helping me secure a personal loan.

Abdul ShaikhAug 23, 2025

Excellent Support and Guidance from Ms. Yashi Saxena

I had the opportunity to interact with Ms. Yashi Saxena (Employee Code: AW22197) while applying for a loan from Poonawalla Fincorp. I am extremely satisfied with her guidance, support, and professionalism throughout the process. She explained each step very clearly, helped me understand the details, and ensured that the process went smoothly. Her assistance made my loan journey hassle-free.

Jitendra WaskelAug 14, 2025

Loan from paisabaAar

Get a personal loan from paisabaaz customer support is very supportive loan disburse in 2 days thanks team

DeeptiAug 2, 2025

Compare and Applied

Hi, I can easily choose the right loan offers for me with the help of Paisabazaar. Previously, I tried fincover for the same, but I can decide while checking with you. Thank you

ajayJul 24, 2025

Applied for a loan for my old house renovation

Day beforeYesterday, I applied for a loan for my old house renovation from Paisabazaar, and the experience was good. The application was straightforward, and this morning I received a message that my loan has been approved. I was quite shocked at how fast it got approved. I liked your service!

ARJUN GUPTAJun 13, 2025

Best Rates Compared Instantly

compare personal loan offers from so many banks in one place. Got personal loan from HDFC at best rate.

Kavita SharmaMay 30, 2025

Travel Loan Without Any Hassle

I get a loan for my trip. Got 1 lakh with easy emi options. It was all online no paperwork. A little delay in approval, but worth the wait!

Aditya MalhotraMay 14, 2025

Sneha Rathi

I get personal loan on good rate and no hidden charges. Super easy process and great customer service!

Sneha RathiMay 13, 2025

View All Testimonials

Reviewed By

Vandana Punj

Written By

Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

1 Lakh Personal Loan

Paisabazaar Exclusive Benefits

Personal Loan EMI Calculator

Your Monthly EMI Payment

Find Best Personal Loan Offers

Quick Links

How Can I Apply for a Personal Loan Online?

1 Lakh Personal Loan in Just 5 Steps at Paisabazaar

From Interest to Fees: Know It All Before You Apply

Here’s What Lenders Look For - Eligibility Criteria

Keep These Documents Ready for a Hassle-Free Application

EMI & Interest Breakdown for 1 lakh Personal Loan for Up to 5 Year Tenures

Lower EMI vs. Lower Interest Cost

When to Choose a Loan of 1 Lakh

How Can I Apply for a Personal Loan Online?

FAQs

What is the interest rate for a 1 lakh loan?

Can I get a 1 lakh loan without income proof?

What is the monthly EMI on a 1 lakh loan?

Can I get a personal loan if I am not salaried?

How to get a 1 lakh personal loan?

How to apply for a 1 lakh loan online?

What is the minimum income required to avail of a personal loan?

How long does it take to get 1 lakh loan?

Personal Loan Articles

What our customers say

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