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Personal Loan

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Get up to ₹50 Lakhs starting at 9.98%

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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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At Paisabazaar, our aim is to make access to consumer credit easy, transparent and convenient for Bharat. For over a decade, we have been offering a wide choice along with seamless digital processes, to help consumers from varied segments access the best and most-suited lending solutions with ease. Backed by the trust of 50 million+ customers, Paisabazaar provides you with a superlative experience that is fast, secure and tailored to your needs.

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Santosh Agarwal

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CEO, Paisabazaar

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

Why Choose Paisabazaar for Personal Loan?

Paisabazaar provides some of the best personal loan offers from 30+ lenders, ranked in order of chances of approval based on your eligibility. This helps borrowers compare and apply online for the most-suited personal loan with certainty.

Benefits You Get:

  • Compare 30+ lenders instantly
  • Lowest interest rate guaranteed
  • 100% digital application process
  • Pre-approved loan offers
  • No hidden charges transparency
  • Get assured cashback
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Paisabazaar Advantages

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Key Features & Benefits of Personal Loan

 Below are the highlighted features & benefits that make personal loans a preferred borrowing option.

No Collateral Required

Personal loans are unsecured in nature and, a borrower does not need to pledge property, gold, or other assets.

Flexible End Use

Personal loans can be used for personal expenses, medical emergencies, travel, weddings, education, debt consolidation, home renovation etc

Quick Approval and Disbursal

The hassle-free and fully online process often enables instant personal loan approval and faster disbursal in just 30 minutes depending on the eligibility of applicants.

Minimal Documentation

Digital processes have made documentation relatively easier, with approval now primarily based on income, credit score, repayment capacity, etc.

Flexible Repayment Tenure

Applicants get the privilege to choose repayment tenures ranging from 1 year to 5 years based on their financial requirement.

Improves Credit Score

Adding an unsecured product and repaying it diligently improves the credit portfolio that positively impacts a borrower’s creditworthiness over time

Personal Loan Interest Rates

Check Personal loan interest rate offers on Paisabazaar starting from 9.98% p.a. on the basis of an applicant’s creditscore, monthly income, employment type (salaried/self-employed) and existing liabilities.

Compare Personal Loans from Top Lenders

Bank/NBFCInterest Rates (% p.a.)
Aditya Birla Finance10.99 onwards
Axis Bank9.99 onwards*
Bank of Baroda10.15-18.00
Bajaj Finance Limited10.00-30.00
Bank of India10.85-16.15
Bank of Maharashtra8.75-13.55
Canara Bank9.70-15.15
Central Bank of India9.85-11.65
Cholamandalam IFC10.00-28.00
Dhani Loans & Services Ltd.13.99 onwards
Federal Bank12.00 - 22.50*
HDB Financial Services10.00 - 35.00
HDFC Bank9.99 onwards
Hero FincorpUp to 30*
HSBC Bank9.75 onwards
ICICI Bank9.99 onwards
IDFC FIRST Bank9.99 onwards
IIFL Finance12.00 - 28.00
Indian Overseas Bank10.25 onwards
IndusInd Bank10.35 onwards*
Kotak Mahindra Bank9.98 onwards*
L&T Finance11.00 onwards
Mahindra Finance8.00 - 25.00
Mannapuram Finance18.00 - 24.00
Moneyview14.00 onwards
Muthoot Finance13.50 onwards
Piramal Finance12.14 onwards
Poonawalla Fincorp9.99 onwards
Punjab & Sind Bank9.60-13.85
Punjab National Bank10.25-16.80
Shriram Finance11.00 onwards
Tata Capital10.99 onwards
UCO Bank9.95 - 13.20
Union Bank of India8.75 - 12.55
Note: Rates as of 14th April 2026

Choose the Right Loan Amount

Personal Loan of ₹5 Lakh Personal Loan of ₹10 Lakh Personal Loan of ₹20 Lakh Personal Loan of ₹30 Lakh Personal Loan of ₹40 Lakh Personal Loan of ₹50 Lakh

Types of Personal Loan

A personal loan can be used for a variety of needs such as medical emergency, education, travel, home renovation, marriage or debt consolidation. Since it’s unsecured, you’re free to utilize it for almost any personal financial requirement.

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Personal Loan Balance Transfer

Many lenders allow existing loan borrowers of other banks/NBFCs to transfer their outstanding loans at lower interest rates and/or better loan terms. These are offered to select segments, with a strong credit profile and disciplined repayment history.

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Pre-approved Personal Loan

Banks and NBFCs offer pre-approved personal loans select existing customers having a good credit score. These loans do not need any documentation and are disbursed instantly.

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Top Up Personal Loan

Various banks and NBFCs offer this top up loan facility to their existing loan borrowers to avail additional loan over and above their outstanding loan amount.

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Short Term Personal Loan

This type of loan has a short tenure of 1 year or less and lower loan amounts are on offer, making it an ideal option for individuals seeking smaller amounts with greater repayment flexibility. Short Term Personal Loan have a more relaxed eligibility criteria, but come with high interest rates.

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Personal Loan for Travel

Individuals can use personal loans to cover their travel and vacation related spends. According to a Holiday Loan Report by Paisabazaar, around 30% of consumers who take a personal loan between April and and June, took it for holiday trip.

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Personal Loan for Medical Emergency

When facing medical emergencies, individuals can avail personal loans to cover costs related to hospital bills, diagnosis, consultations, treatments, etc.

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Debt Consolidation Loan

Existing borrowers can use a new personal loan to consolidate their multiple high interest rate loans and credit card dues into one at lower rates and/or for longer tenures.

Avail Personal Loan for
All Your Needs

Personal Loan Eligibility Criteria

Personal loan eligibility criteria may vary across lenders. You must meet certain eligibility criteria before applying for a personal loan:

  • Credit Score: Preferably 750 and above
  • Salary: Usually Rs. 15,000-30,000 a month (Do note: if you have an existing relationship with the bank through a savings account, income eligibility may be lower)
  • Employer Profile: Salaried employees working with the government, Public Sector Undertakings, MNCs and other reputed corporates are favoured.
  • Age Limit: Usually, 21-60 years. For self-employed applicants and pensioners, the maximum age limit may go up to 65 and 80 years, respectively.

Documents Required for a Personal Loan

Lenders ask applicants for certain documents to establish their identity, income, repayment capacity and place of residence. You can apply for a personal loan with minimal documentation which are mentioned below:

Requirements Salaried Individuals Self-employed Professionals/Non-Professionals
Proof of Identity Passport, Voter ID, Driving License, Aadhaar Card or PAN Card Passport, Voter ID, Driving License, Aadhaar Card or PAN Card
Proof of Residence Aadhaar Card, Voter ID, Passport or Utility Bills Aadhaar Card, Voter ID, Passport or Utility Bills
Proof of Income Salary Slips, Bank Statements, Form 16 Previous Years’ ITR, P&L Statement and Balance Sheet, Bank Statements

Things to Know before You Apply for a Personal Loan Online

Pre-approved Personal Loan Offers

  • Many banks and NBFCs prefer to provide personal loans to existing customers
  • Require minimal to no documentation
  • Quick disbursal process often come with lower interest rates for customers with existing financial relationship

Higher Credit Score = Lower Interest Rates

  • A credit score of 750+ is preferred by lenders
  • Better chances of loan approval
  • Lower interest rates
  • Eligibility for pre-approved offers

Increase EMI Affordability with a Longer Loan Tenure

  • Longer tenure means lower EMIs but total interest paid during the loan tenure goes up
  • Helps manage monthly cash flow
  • Choose a longer tenure and/or smaller loan amounts to make EMIs affordable

Prepayment & Foreclosure Rules

  • No additional charges on floating rate personal loans (as per RBI mandate)
  • In case of fixed-rate personal loans, lenders may levy charges for prepayment or foreclosure

Choose the Right Personal Loan for Your Needs

Personal Loan for Marriage Personal Loan for Travel Personal Loan for Medical Emergency Personal Loan for Home Renovation Personal Loan for Salaried Employees Personal Loan for Second Hand Vehicle

Tips to Get Instant Personal Loan Approval

The following are the key steps to take before applying for a personal loan:

  • Check personal loan offers of banks and NBFCs with which you have deposit, loan or credit card accounts.
  • Visit online financial marketplaces, such as Paisabazaar, to compare personal loan interest rates & other loan features offered by other banks and NBFCs.
  • Check whether the tenures offered by lenders suit your repayment capacity.
  • Compare processing fees and/or admin/login fees charged by various lenders.
  • Compare the prepayment/foreclosure charges and restrictions on making prepayments/foreclosures, if any, by various banks/NBFCs.
  • Check whether the turnaround time for loan disbursement meets your needs.

Personal Loan Processing Fees and Other Charges

While the fees and charges of personal loans can vary widely depending on lender and the credit profile of the loan applicants, the following table will give you a broad range of the personal loan fees and charges levied by the lenders:

Particulars Charges
Loan Processing Fees 0.5% to 4% of loan amount
Prepayment/Part-prepayment/Foreclosure Charges For Floating Rate: Nil
For Fixed Rate: Usually around 2% - 5% on the principal outstanding
Loan Cancellation Usually around Rs. 3,000
Stamp Duty Charges As per actuals
Legal Fees As per actuals
Penal Charges Usually @ 2% per month; 24% p.a.
EMI/Cheque Bounce Around Rs. 400 per bounce

Other fees and charges levied by the lenders include documentation charges, verification charges, duplicate statement charges and NOC certificate charges.

What is Pre-approved Personal Loan?

At Paisabazaar, we offer pre-approved personal loan offers from top lenders like HDFC Bank, Axis Bank, IndusInd Bank, Aditya Birla Capital, Hero FinCorp, Moneyview and more, all in one place. These loans do not need any documentation and are disbursed instantly, ideal for individuals with urgent money needs.

Apply for a Personal Loan Based on Your Salary

You can apply for a personal loan online based on your salary, as lenders assess eligibility primarily on your income and repayment capacity.
Higher salary often improves loan amount eligibility and chances of approval.

Check Curated Personal Loan Offers Based on Your Salary

Personal Loan for ₹25,000 salary Read More Personal Loan for ₹30,000 salary Read More Personal Loan for ₹50,000 salary Read More Personal Loan for ₹60,000 salary Read More Personal Loan for ₹80,000 salary Read More Personal Loan for ₹1,00,000 salary Read More

Personal Loan for Different Borrower Segments

A personal loan offer a financial solution to manage a wide range of needs or plan for future goals. Below-mentioned are the customized personal loan options tailored to different borrower segments based on income type, profession, and credit profile.

Personal Loan for Salaried Employees

  • Salaried employees looking for a personal loan can choose from multiple Banks and NBFCs on Paisabazaar website.
  • Salaried applicants with strong credit profiles and stable employment usually have higher chances of personal loan approval at low interest rates.
  • Government employees and those working in large private organisations are preferred the most due to high job security.

Personal Loan for Self-Employed Individuals

  • Banks & NBFCs also offer unsecured loans to self-employed individuals, to meet their personal as well as business requirements.
  • Interest rates offered to self-employed individuals is likely to be higher, due to lesser income certainty and higher risk involved.
  • The documentation process for self-employed individuals is also slightly extensive as compared to the salaried employees.

Personal Loan for First Time Borrowers

  • Individuals with no credit history may find it challenging to avail credit for the first time.
  • Salaried consumers can connect with the Bank that holds their salary account for a personal loan.
  • Some NBFCs companies also offer loans to first time borrowers, usually salaried.
  • The ticket size of these loans, however, are generally small and interest rates are comparatively higher.

Personal Loan for Pensioners

  • Most PSU banks and a few NBFCs extensively offer personal loans to pensioners having their pension accounts with them.
  • Most PSU banks generally waive off the processing fees for pensioners.
  • Like personal loans, loan proceedings can be used by pensioners to meet their personal requirements, such as travel, medical emergencies, etc. with no end-usage restriction.
  • Individuals can connect with these PSU banks online or through a branch for their personal loan requirements.

How to Calculate Personal Loan EMI Online?

You can calculate your personal loan EMI using a free online personal loan EMI calculator.
You just need to enter your personal loan interest rate, loan amount and tenure in the calculator to get instant and accurate results.

Before applying for personal loan, it’s important to understand your Loan EMI (Equated Monthly Installment).

EMI depends on:

  • Loan amount
  • Interest rate
  • Loan tenure

Personal Loan EMI Formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where:

  • P = Loan amount
  • R = Monthly interest rate
  • N = Tenure in months

Using an EMI calculator helps you plan your repayments effectively.

Success Stories by Verified Paisabazaar Borrowers

Priya Shukla - For Medical Emergency

Two years ago I faced a medical emergency at my home. I had an emergency fund but soon I ran short of it too. I then applied for a personal loan through the Paisabazaar app and got instant reply from the customer executive. They guided me through the entire loan process, helped me get the loan in time.

Manish Singh - For Home Renovation

I have a 20 year old home which required immediate repair and maintenance. Though I had enough savings but did not want to exhaust them. So I applied for a personal loan of Rs. 10 lakh for a tenure of 5 years through Paisabazaar. The team was extremely cooperative and helped me in getting the lowest interest rates possible with loan disbursal in no less than 24 hours.

Manoj Sharma - Pre-approved Offer

When I checked through the Paisabazaar app, I found myself eligible for pre-approved loan. I applied for a pre-approved personal loan from a bank with zero documentation. The process was hassle-free, quick and I got my loan disbursed within a few minutes. 

How to Get the Best Personal Loan Offer?

Below are the mentioned 5 tips to increase your chances of getting thea best personal loan offers at with low interest rates:

  • Maintain your credit/CIBIL score above 750
  • Check for inaccuracies in your credit report, as they might adversely impact your credit score and thereby, reduce the chances of loan approval
  • Compare the offers available from banks and NBFCs before finalising any loan deal
  • Apply for the loan from a bank/NBFC where you have the highest chances of approval
  • Avoid making multiple loan applications within a short span of time

Check Personal Loan Offers in Your City

Delhi Personal Loan in Delhi hyderabad Personal Loan in Hyderabad Bangalore Personal Loan in Bangalore Chennai Personal Loan in Chennai Kolkata Personal Loan in Kolkata Mumbai Personal Loan in Mumbai

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

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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All Your Needs

FAQs

You can apply for personal loan online by filling a simple form, comparing offers from multiple lenders, and submitting documents digitally. Approval and disbursal can happen within 24–48 hours.

A credit score of 750 and above usually have higher chances of availing personal loans. However, many banks and NBFCs offer loans to individuals with low CIBIL score but  at a higher interest rates due to increased risk.

Yes, you can avail personal loan from multiple lenders if your repayment history supports it. However, it is better to take a single loan with larger amount providing lower interest rates.

Usually, it takes anywhere from a few hours to a few business days to disburse a personal loan. However, pre-approved offers can get instant approval with quick disbursals.

Yes, many lenders offer top-up personal loans to existing borrowers with a good repayment track record. The eligibility depends on factors like repayment history, income, and the lender’s policies.

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We have been recognised at several prestigious forums for our consumer-focused innovations over the last decade.

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Bharat Fintech Award for Best fintech Lender

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2022

India FinTech Award for Best Fintech Consumer Lender

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2021

Fintech Innovation Expo award for Best Digital Lender

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2021

Gold for Excellence in Consumer Lending at India Digital Awards

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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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Shamik Ghosh

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