1 Lakh Personal Loan

• 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.

• 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

• 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

• 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

• 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.

• 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.