How to Get 1 Lakh Loan Instantly

How to Get 1 Lakh Loan Instantly

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

LendersInterest Rate (p.a.)Monthly Income 
WeRize   16% to 21% p.a.  Rs. 12,000Apply Now
MoneyView 1.33% per month  Rs. 13,500Apply Now
InCred   11.49% to 18% p.a.  Rs. 15,000Apply Now
Navi 9.9% to 45% p.a.  Rs. 15,000Apply Now
PaySense   1.4% to 2.3% per month  Rs. 18,000Apply Now
Upward  9% to 32% p.a.  Rs. 20,000Apply Now
Axis Bank10.49% to 22%  Rs. 25,000Apply Now
SMFG India Credit11.99% 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.


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.

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