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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 May '26 *T&C Apply
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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Multiple offers, trusted names

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Digital processes for hassle-free experience.

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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 Fee6,500
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%
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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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

Apply Now

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

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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

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

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

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

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

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
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Shamik Ghosh

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