Obtaining a 1 lakh loan is not a tough one. With a particular process, you should get a 1 lakh loan instantly. A minimum monthly Rs. 12,000 is needed to qualify for a loan. Many NBFCs/banks provide you with pre-approved personal loans to their existing customers.
Compare Lenders Offers 1 Lakh Personal Loan
| Lenders | Interest Rate (p.a.) | Monthly Income | |
| WeRize | 16% to 21% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Navi | 9.9% to 45% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 20,000 | Apply Now |
| Axis Bank | 10.49% to 22% | Rs. 25,000 | Apply Now |
| SMFG India Credit | 11.99% to 32% p.a. | Rs. 20,000 to Rs. 25,000 | Apply Now |
Features of 1 Lakh Instant Personal Loan
- Get a 1 lakh personal loan with a minimum of Rs. 12,000 salary through 24hr Loan.
- Choose a competitive interest rate with 10.49% p.a.
- Security-free instant personal loan with a fast disburse process.
- Some lenders like WeRize, MoneyView, InCred, Upward, PaySense, and Navi provide digital loans.
- Repayment tenure may depend on lenders.
Essential Criteria for Rs 1 Lakh Personal Loan Approval
Applicant Age
Most lenders require a minimum of 21 years to a maximum of 55 years of age at loan application time.
Monthly Salary
A personal loan is a fast process if the applicant has a minimum Rs. 12,000 monthly salary. The monthly income may be different from other lenders.
CIBIL Score
A credit score is an important criterion when you choose for a loan. Applicants with zero or 700+ credit score can apply for a 1 lakh instant personal loan.
Employment Role
The employee with private, public, and government employees with a Rs. 12,000 salary get the personal loan fast. Cash salaried person does not qualify for a personal loan. Salary should be directly credited to the account.
Compulsory Documentation for Personal Loan
Basic compulsory documents are required for the personal loan process. A complete list of documents such as address proof, identity proof & income proof will be needed.
- Pan Card Copy
- Aadhaar Card
- Current Address Proof: Rent Agreement / Gas Bill / Utility Bill
- Recent month’s salary slips
- 12 months salary credit statement
- Grantor Aadhaar Card
- Selfie Photo
FAQs on Get 1 Lakh Loan Instantly
What is the minimum salary necessary to be eligible for a 1 lakh loan?
The minimal monthly salary of Rs. 12,000 requires getting a 1 lakh instant personal loan.
What is the EMI of a 1 lakh personal loan?
If the customer takes Rs. 1 lakh personal loan with 14% interest and 2 years tenure, the monthly EMI will be Rs. 4801. So, the total interest is Rs. 15,231 you have to pay after 2 years.
Is it possible for self-employed individuals to apply for a personal loan?
Self-employed persons may apply for personal loans with KYC proof documents such as a PAN card & Aadhaar card. But the credit score should be 750+ must need.
Can a salaried person apply for a 1 lakh loan without a credit score?
A salaried person can be eligible for an instant 1 lakh personal loan with a zero or -1 credit score.