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1 Lakh Personal Loan

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.
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Valid till 31st March '26 *T&C Apply
Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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15.5L Reviews

5.7cr+Satisfied Customers
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₹65k Cr+Loans Disbursed
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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
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%

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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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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

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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

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

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FAQs

The interest rate for a 1 lakh personal loan generally starts from 9.98% p.a. However, various factors such as your income, loan tenure, credit score, etc., will determine your exact interest rate.

Getting a 1 lakh loan without income proof can be a bit difficult, but not impossible. Alternative documents, like your bank statements, payment behaviour, digital footprints, etc., will be used to determine your creditworthiness.

1 lakh loan monthly EMI will depend on the interest rate and tenure. For example, at 12% interest, the EMI is around ₹2,224 for 5 years and ₹8,885 for 1 year.

Yes, you can get a 1 lakh loan even if you are not salaried. Self-employed individuals can also apply for a 1 Lakh personal loan.

Go to the Paisabazaar website. Just enter your information, verify your eligibility, and select the most appropriate loan.

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What our customers say

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Best Advisor for Personal Loan

I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s 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. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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