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Long-Term Loans

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Wide Choice

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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

What is a Long-Term Personal Loan?

A type of personal loan repaid over a longer period of time, usually 3 to 7 years.  These loans are commonly used by borrowers to fund large or major expenses like renovations or repairs, costs of higher education, debt consolidation or more.

Example EMI for Long-Term Personal Loan

Example EMI for Rs. 5 Lakh Personal Loan at 12% p.a.

Tenure EMI (Approx.) Total Interest Payable Total Amount Payable
3 Years (36 months) Rs. 16,600 Rs. 97,600 Rs. 5,97,600
5 Years (60 months) Rs. 11,100 Rs. 1,66,000 Rs. 6,66,000
7 Years (84 months) Rs. 8,800 Rs. 2,39,200 Rs. 7,39,200

As tenure increases, EMI becomes more affordable, but the total interest cost rises significantly.

Advantages of Long-Term Personal Loans

  • Extended loan tenure reduces the monthly EMI amount, making repayment easier on budget. Additionally, it leaves the borrower with more disposable income, helping them meet their financial obligations without strain.
  • Easier repayment ensures timely payment of EMI, helping in building/improving the credit score of the borrower and thereby, improving their future loan and credit card eligibility.
  • Reduced EMI in long-term personal loans helps borrowers keep their EMI/NMI ratio within the preferred lenders’ limit of 50-55%. This boosts their approval chances of future loans.
  • Lower EMI/NMI ratio increases EMI affordability, thereby, helping them to avail higher loan amounts.
  • A wide range of lenders to choose from considering most lenders offer personal loans for 1 to 5 years.

Eligibility Criteria for Long-Term Personal Loan

The eligibility criteria for long-term personal loans can vary across lenders. However, the undermentioned list would give you a fair idea about personal loan eligibility criteria required for availing long-term personal loans.

  • Minimum age: Usually 21 years
  • Minimum monthly income: Rs 15,000 or above (for most lenders)
  • Credit scores of 750 and above
  • Salaried individuals employed with government or public sector companies have higher chances of availing long-term personal loans. They are followed by salaried individuals working with MNCs or reputed private sector organizations.
  • Self-employed individuals are required to have business vintage of at least 3 years

Avail Personal Loan for
All Your Needs

Documents Required

  • ID Proof- PAN Card/Voter ID/Aadhar Card/Driving License/Passport
  • Address Proof- Aadhar card/electricity bills/gas connection bills/Voter ID/Driving License/Passport/copy of ration card
  • Form 16/ITR for past 3 years
  • Salary slips for past 3 months
  • Bank account statement for last 6 months

How to Apply for Long-Term Personal Loan on Paisabazaar

Applicants can follow the steps mentioned below to apply for a long-term personal loan through the Paisabazaar app:

  • Download the Paisabazaar app from the Google Play Store or Apple App Store
  • Sign in by providing the required details
  • Head to the personal loan section
  • Fill in the asked details (employment type, income range)
  • Scan through the list of curated lenders, ranked in order of their approval chances
  • Apply for the best suited offer

Why Compare Long-Term Personal Loans on Paisabazaar

Paisabazaar provides borrowers with 30+ curated personal loan offers from leading banks and NBFCs in one place. Additionally, Paisabazaar offers multiple benefits as discussed below:

  • Single application for multiple offers
  • No end-use restriction
  • Minimal documentation
  • Access to pre-approved offers
  • Competitive interest rates
  • Transparent fees and charges
  • Access to free credit score checks
  • Access to free EMI calculator

Tips to Choose the Right Long-Term Loan

Choosing the right long-term personal loan can help borrowers navigate their repayment journey smoothly. Borrowers can follow the tips mentioned below before finalising on a loan offer:

  • Compare personal loan offers on Paisabazaar to choose the best suited offer with the lowest interest rate.
  • Factor in other charges like processing fees, penal charges, foreclosure charges and more for a holistic view before making the final call.
  • Thoroughly analyse your repayment capacity and borrow accordingly. This ensures you borrow the right amount to meet the financial demand without straining your finances.

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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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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