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1 Lakh Loan - Instant Approval

Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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The Digital Way

Digital processes for hassle-free experience.

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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

Rs. 1 Lakh Personal Loan - Quick Overview

Interest rates Usually 9.98% p.a. onwards
Tenure Usually up to 1 year
Type of loan Unsecured loan
Processing fee Usually up to 4% of loan amount
Usage For personal loans with no end-usage restriction, except for speculative purposes
Pre-approved offers Available

Best Apps & Banks for Rs. 1 Lakh Instant Loan

Personal Loan Apps Interest rate (p.a.)
Paisabazaar App 9.98% onwards
Paysense Loan 16.00% - 36.00%
Cashe Loan 27.00% - 30.00%
Kreditbee Loan 12.00% - 28.50%
Moneyview Loan 14.00% onwards
Fibe Loan 16.00% - 30.00%

Bank Options for Rs. 1 Lakh Loan

Bank/NBFC Interest Rates (% p.a.)
Axis Personal Loan 9.99 onwards*
Bajaj Personal Loan 10.00-30.00
HDFC Personal Loan 9.99 onwards
ICICI Personal Loan 9.99 onwards
IDFC Personal Loan 9.99 onwards
IndusInd Personal Loan 10.35 onwards*
Kotak Personal Loan 9.98 onwards*

Rs. 1 Lakh Personal Loan EMI Calculator

  • A personal loan EMI calculator is an online financial tool responsible for calculating the EMI and total interest cost paid over the loan tenure.
  • The calculator is fast, accurate, automatic, easily accessible, easy to navigate and saves a lot of time.
  • Individuals need to enter their interest rate, loan amount and loan tenure in the EMI calculator and get results instantly.
  • The prospective borrowers can assess their loan affordability and opt for a loan amount within their budget.

EMI for Rs 1 lakh Personal Loan for Tenures of 1-5 years

Loan Amount (Rs) Tenure (years) Interest Rate (p.a.) EMI (Rs)
1 lakh 1 11% 8,838
1 lakh 2 11% 4,661
1 lakh 3 11% 3,274
1 lakh 4 11% 2,585
1 lakh 5 11% 2,174

Rs. 1 Lakh Personal Loan Eligibility

Below-mentioned are the eligibility criteria set by banks and NBFCs offering personal loan of Rs. 1 lakh to their customers:

  • The minimum age of the applicant at the time of loan application is 21 years.
  • The maximum eligible age at the time of loan maturity is 65 years.
  • The EMI/NMI ratio should be below 55%, including the existing EMIs and EMI of the proposed personal loan.
  • Salaried individuals, self-employed professionals and self-employed non-professionals are eligible for personal loan of Rs. 1 lakh.
  • Applicants having a CIBIL score of 760 and above have higher chances of getting their personal loans approved.
  • Eligibility criteria for different lenders may vary. Please check the final eligibility before applying for the loan

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Rs. 1 Lakh Loan Without CIBIL Score or Salary Slip

Rs. 1 lakh Personal Loan without CIBIL Score

Individuals without a CIBIL score or new-to-credit customers might not have availed a credit product before, and hence, have no credit history of their own. Most top lenders usually do not extend their best  loan offer to new-to-credit customers or offer them loans at a very high interest rate. However, NBFCs and fintech platforms are open to offering credit to individuals without a CIBIL score but at terms stricter than usual.

Rs. 1 Lakh Personal Loan Without a Salary Slip

Self-employed individuals such as gig workers and freelancers do not have a consistent income, and hence, have no formal income documents. Such applicants can apply for a personal loan of Rs. 1 lakh by providing their bank statements for the last 6 months and recent ITR for repayment capacity assessment.

Also Read: How to apply personal loan without salary slip

Rs. 1 Lakh Loan for Students and Freshers

Students neither have a job nor a consistent income, hence, they are not eligible for personal loans.

Freshers, who have recently joined a job and have completed at least 1 year of service in their current organization can, however, be eligible for availing personal loan of Rs. 1 lakh.

Freshers employed with government sectors have very high chances of getting their loans approved due to highest job stability and income consistency, followed by the individuals employed with reputed private sector companies and MNCs.

Applicants who are not eligible for personal loans can opt for loan against property, gold loans, loan against FD, etc.

Documents Required During Loan Application

Below-mentioned is the detailed list of documents required during personal loan application:

  • Duly filled application form with passport size photographs.
  • ID proof - Aadhaar card, PAN, voter ID, passport, driving license.
  • Address proof - Utility bills (electricity bills, telephone bills, gas bills), voter ID, passport, driving license.
  • Salary slips for last 3 months.
  • Bank statements for last 6 months.
  • ITR for last 1 year.

How to Get Rs. 1 Lakh Personal Loan in 5 Minutes

With digitization of the lending ecosystem, loans can now be approved and disbursed in just a few minutes. You can apply for personal loans through  Paisabazaar with end-to-end digital processing and instant loan disbursal in as less as a few minutes to a few hours.

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FAQs

How can I get personal loan of Rs 1 lakh?

You can avail personal loan of Rs 1 lakh by applying through the official websites of banks and NBFCs or by visiting their branches. Alternatively, they can also visit online financial marketplaces like Paisabazaar to compare the interest rates and other features of Rs 1 lakh personal loan offered by various lenders.

What is the interest cost of Rs 1 lakh personal loan?                          

The interest cost of Rs 1 lakh personal loan would depend on the loan amount, loan tenure and interest rates offered by banks and NBFCs. For e.g., if a lender offers personal loans at 10.80% p.a. for loan amount of Rs 1 lakh and tenures of up to 5 years, its total interest cost would be Rs 29,857. However, if a lender offers personal loans at 14% p.a. for loan amount of Rs 1 lakh and loan tenure of 5 years, the interest cost would be Rs 39,610. Hence, applicants should use Personal Loan EMI Calculator to calculate the interest cost for various combinations of loan amount, loan tenure and interest rate.

What is the EMI of Rs 1 lakh personal loan availed from SBI?                          

The EMI of personal loan of Rs 1 lakh availed from the SBI would depend on its loan tenure and interest rate offered by the lenders. The EMI for Rs 1 lakh personal loan for loan tenure of up to 6 years and interest rate of 11.15% p.a. would be Rs 1,911 whereas the EMI for same loan amount and same loan tenure at 13% p.a. would be Rs 2,007. Applicants should use the Personal Loan EMI Calculator to calculate the EMI depending on the loan amount, loan tenure and interest rate offered by the bank.

What is the interest cost of Rs 1 lakh personal loan availed from HDFC Bank?                          

The interest cost for Rs 1 lakh would depend on the loan amount, loan tenure and interest rate offered by the bank. The interest cost for personal loan of Rs 1 lakh offered at 10.50% p.a. for tenure of up to 5 years would be Rs 28,963 whereas the interest cost for the same loan amount and tenure at 12% p.a. would be Rs 33,467. Applicants should use Personal Loan EMI Calculator to calculate the interest cost and get instant results.

How to get personal loan of Rs 1 lakh without documents?                          

Many lenders offer pre-approved instant personal loans to their select existing customers. As the lenders already have all the KYC documents of their existing customers, they usually would not require any additional documents for personal loan application. Also, many lenders have digitized their onboarding process that has made the documentation process paperless, quicker and convenient. Here, the applicants might be required to submit the necessary documents but in digital format.

How can I get personal loan of Rs 1 lakh online?                          

Applicants planning to avail personal loan of Rs 1 lakh can visit the official websites of banks and NBFCs. They can also apply for personal loans with lenders with which they already have credit card, deposit and/or loan accounts by using internet banking or mobile banking app. They should also visit online financial marketplaces to compare the personal loan offers from other lenders and make online personal loan application through them, if they are personal loans at lower interest rates and/or processing fees.

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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

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

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 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
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Anubhuti Agrawal profile
Written ByLinkedIn icon
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

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

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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