Pre-Approved Personal Loan

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

Wide Choice

Quick Disbursal

SmartMatch

Digital Process

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Google Play Store

4.5_/5

15.5L Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Find Best Personal Loan Offers

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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

Axis Bank

Low Processing fee

Max Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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Pre-Approved Loan Interest Rates

Pre-Approved Loan Eligibility

How Pre-Approved Offer Works

Processing Fees & Charges

Why Choose Paisabazaar?

Compare & Choose the Best Offer

Pre-approved Offers with Instant Disbursals

Know Your Chances of Approval

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 Pre-Approved Personal Loan

A pre-approved personal loan is an offer provided by a lender to select existing customers with a strong credit profile. Such loan offers are disbursed on the same day or within a few hours of the loan application.

Before offering this facility, banks and NBFCs conduct an initial credit assessment of their customers
Various factors are considered such as credit score, employment status, income, etc.
On Paisabazaar, you can easily check pre-approved offers from multiple partner lenders - all in one place, with an end-to-end digital process.

Pre-Approved Personal Loan Interest Rates

Pre-approved personal loan interest rates start from 9.98% on Paisabazaar and depends on the applicant’s credit profile.
Most banks and NBFCs provide preferential interest rates on pre-approved loans to their existing customers, but this does not guarantee the lowest rates.
It is important for you to compare personal loan interest rates from multiple lenders where you have existing accounts, loans, or credit cards.
This would help you get personal loans at the most favourable terms, rather than simply accepting the pre-approved offer.

Choose the Right Personal 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

Who is Eligible for a Pre-Approved Loan in India

Banks and NBFCs offer you a pre-approved personal loan primarily on the basis of your credit profile. Lenders usually consider your account balance and transaction pattern, recent salary credits, existing debt obligations, employment history, loan repayment history, etc., while offering the loan. Key factors for pre-approved loan eligibility include:

Credit Score: A higher credit score, usually 750 or above, is preferred by most lenders to provide pre-approved offers.
Income Stability: Less frequent job changes and consistent salary credits are an important consideration for pre-approved loan offers.
Credit History: Lenders prefer applicants with a clean credit history who have repaid or are repaying their loan EMIs and credit card dues on time.
Existing Relationship: Lenders are more likely to offer pre-approved loans to their existing customers with a strong relationship.

How a Pre-Approved Offer Works

Pre-approved offers are just ‘Invitations to Apply’. Receiving a pre-approved offer increases your chances of approval, but it does not guarantee final approval.

When you choose to proceed for a pre-approved offer, your application and supporting documents undergo a detailed review by the lender.
The review may involve additional checks based on the lender’s internal guidelines and policies.
A lender may reject or withdraw your pre-approved offer during the loan application processing if there are any adverse changes in your income, credit score, employment status, or other key financial factors.

Avail Personal Loan For
All Your Needs

Processing Fees & Charges on Pre Approved Personal Loan

The processing fees for pre-approved personal loans are usually the same or lower than those for regular personal loans. In some cases, lenders may cap the processing fee on personal loan, regardless of the loan size. Additionally, some lenders may waive the processing fee during special promotions or festive seasons.

Charges	Description
Processing Fee	0.5% to 4% of the loan amount, capped by some lenders
Stamp Duty Charges	As per actuals
Prepayment/Foreclosure Charges	2% – 5% on the principal outstanding for fixed-rate loans; NIL for floating rate loans
Document Retrieval charges	Usually around Rs. 500
Loan Cancellation Charges	Usually around Rs. 3,000
Duplicate NOC	Usually around Rs. 300-Rs. 500
Loan Statement Charges	Up to Rs. 500 per statement
Repayment mode swap charges	Around Rs. 500 per transaction
Documentation Charges	Around Rs. 500
Cheque Bouncing or Failed Standing Instruction Charges	Up to Rs. 500 – Rs. 750 per instance
Penal Charges – EMI overdue	Usually 2% to 3% per month
GST	Applicable to all processing fees and charges

Check 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

Do Pre-Approved Loan Offers Hurt Your Credit Score?

Getting pre-approved personal loan offers do not impact your credit score, as you did not apply for the loan.
Once you accept the pre-approved offer, a hard inquiry is initiated which may lower your credit score temporarily.
You should not apply for multiple personal loans at once as it can impact your score.
Compare offers of multiple lenders on the Paisabazaar instant loan app or website and choose the one that suits your financial needs the best.

Benefits of a Pre-Approved Personal Loan

Higher Approval Chances

Pre-approved loans are offered to individuals who have already passed an initial screening by the lender.
Your chances of approval are generally higher compared to apply for a personal loan from scratch.

Faster Processing

Since the lender has already completed the initial evaluation, the processing time for a pre-approved loan is significantly faster.
Once you accept the offer, the final approval and disbursal process is streamlined, helping you access funds quickly.

Minimal to Zero Documentation

Lenders usually do not require fresh documentation when processing pre-approved personal loans, as they already have the necessary KYC documents (proof of identity, address, and income) for their existing customers.
This minimizes paperwork and speeds up the loan approval process for those in urgent need of funds.

More Favourable Terms

Lenders offering pre-approved loans may provide better terms, such as a lower interest rate, preferred tenure, etc.
You may eventually get loans at lower overall cost of credit.

Things to Check Before Accepting a Pre-Approved Offer

Compare Multiple Offers: Evaluate offers from different lenders at Paisabazaar to ensure you’re getting the best pre-approved personal loan offer.

Consider Loan Terms: Carefully review the loan tenure, EMI amount, and prepayment conditions to ensure they conform to your repayment capacity.

Check for Charges: Know about processing fees, prepayment penalties, or late payment charges that could affect the total cost of the loan.

Pre-Approved Personal Loans vs. Regular Personal Loans

Unlike regular personal loans, where the borrower initiates the application, a pre-approved loan is proactively offered by the lender. Check below the differences:

Feature	Pre-Approved Personal Loan	Regular Personal Loan
Approval Time	Usually on the same day or within a few hours	Usually 2 to 4 days, depends on the lender
Documentation	Minimal to no documentation, as the lender already has your information	Submitting various documents like bank statements, income proof and KYC documents
Interest Rates	Lenders may offer preferential interest rates to those having strong credit profiles	Subject to eligibility criteria
Eligibility Criteria	Offered only to those who already meet the lender’s predefined criteria	You have to meet the lender’s eligibility criteria, such as income, credit score, and more

Check Personal Loan Offers in Your City

Personal Loan in Delhi

Personal Loan in Hyderabad

Personal Loan in Bangalore

Personal Loan in Chennai

Personal Loan in Kolkata

Personal Loan in Mumbai

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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

Avail Personal Loan For
All Your Needs

FAQs

A pre-approved personal loan is a loan offer made by a lender, usually to existing customers, after analyzing various aspects of their credit profile. The lender assesses your creditworthiness, such as credit score, income, before extending this offer, making the application process faster and more streamlined.

You can check your eligibility for a pre-approved loan by reaching out to your bank or NBFC, or at Paisabazaar to check eligibility. Lenders usually offer pre-approved loans to existing customers with a good credit history.

Your credit score will not be affected if you choose not to accept a pre-approved loan. Your credit score is affected only if you proceed with the loan, as it would lead to a hard inquiry.

Pre-approved loans usually have lower processing fees and quicker disbursal. Some lenders may charge additional fees, such as late payment fees, prepayment charges, late payment fees, or other service charges. Borrowers should verify all terms before accepting a pre-approved offer.

The tenure for pre-approved personal loans usually ranges from 1 to 5 years, though some lenders may offer longer tenures depending on the loan amount and the borrower’s repayment capacity.

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What our customers say

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

Aridaman Singh ParhichaDec 11, 2025

My loan got approved immediately

I wanted a loan and I was able to get it approved through Paisabazaar. It was instantaneous and I got the amount in my account in 2 days only.

Priyam Sarkar MajumdarDec 10, 2025

I get loan from here

I get loan from Paisabazaar here and it is very quickly given to me.

Bilal ZaidiDec 9, 2025

Excellant EMI calculator and expert assistance available

The EMI calculator helped me choose the right repayment plan. Clear guidance at every step made the loan process really easy.

Mohit YadavDec 3, 2025

Fully Digital Process for Real.

Loved the real-time loan status updates.Everything was handled online — didn’t have to visit any branch.

Gautam BakshiDec 3, 2025

Lower Rate than My Own Bank

Got a lower interest rate than my bank was offering.Smooth digital verification and quick disbursal.

Shivani SuryaDec 3, 2025

Pre-approved offers with quick approval

I liked how Paisabazaar showed pre-approved offers without affecting my credit score. Customer support was prompt and helped me close the loan quickly.

Suraj VermaDec 3, 2025

Same day approval. wow.

The loan was approved the same day — super smooth and transparent process.

Shiv KumarDec 3, 2025

Best Loan Terms on My Credit Score in the Market

Paisabazaar helped me get a loan even with a borderline credit score. Really impressed with how smooth everything was.

SunnyDec 3, 2025

View All Testimonials

Written By

Vandana Punj

Reviewed By

Shamik Ghosh

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Pre-Approved Personal Loan