Apply Personal Loan

Get Instant Personal Loan that will match your profile

Processing Fee

2% – 3%

Max Tenure

6 – 36 months

Apply Now

 Eligibility Criteria

  • Salary: 12,000 Net
  • Require Age: 21 to 55 yr.
  • -1 / 700+ CIBIL
  • Money should be credited to Bank Account
  • Loan Amount: Up To 5 lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • 1 yr. Bank Statement PDF
  • Recent 1 months Salary Slip
  • Electricity Bill
  • Co- applicant Pan, Aadhaar Card

  Interest Rate

  • 1.35% per month
  • Up To 3% Processing Charge

Processing Fee

1.5% – 3%

Max Tenure

12 – 60 months

Apply Now

 Eligibility Criteria

  • Only for HDFC Credit Card Holder
  • Require Age: 18 to 57 yr.
  • Good CIBIL Required
  • Loan Amount: Up To 10 Lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • HDFC Credit Card details

  Interest Rate

  • 11% – 14% p.a.
  • Up To 3% Processing Charge

Processing Fee

2% – 4%

Max Tenure

12 – 60 months

Apply Now

 Eligibility Criteria

  • Minimum Income 25,000/ month
  • Require Age: 21 to 60 yr.
  • 700+ CIBIL Required
  • Loan Amount: Up To 2 Lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • 6 months Bank Statement PDF

  Interest Rate

  • 15% – 22% p.a.
  • Up To 4% Processing Charge

Processing Fee

1.5% – 3%

Max Tenure

12 – 36 months

Apply Now

 Eligibility Criteria

  • Salary: 25,000 Net
  • Require Age: 23 to 55 yr.
  • 1 yr. CIBIL Required
  • Money should be credited to Bank Account
  • Loan Amount: Up To 10 Lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • 6 months Bank Statement PDF
  • Recent 3 months Salary Slip
  • Electricity Bill

  Interest Rate

  • 12% – 22% p.a.
  • Up To 3% Processing Charge

Processing Fee

1.5 – 3.5%

Max Tenure

12 – 60 months

Apply Now

 Eligibility Criteria

  • No Income Reqired
  • Require Age: 23 to 55 yr.
  • 740+ CIBIL 
  •  Account
  • Loan Amount: Up To 7 Lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • Voter Card
  • 12 Month Bank Statement

  Interest Rate

  • 10.49% – 22% p.a.
  • Up To 3% Processing Charge

Processing Fee

1.5 – 3%

Max Tenure

12 – 36 months

Apply Now

 Eligibility Criteria

  • Minimum 15,000 monthly income
  • Require Age: 21 to 55 yr.
  • 700+ CIBIL 
  • Good Bank Statement
  • Loan Amount: Up To 3Lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • 6 months Bank Statement PDF

  Interest Rate

  • 18% – 32% p.a.
  • Up To 3% Processing Charge

Processing Fee

2% – 4%

Max Tenure

12 – 60 months

Apply Now

 Eligibility Criteria

  • Minimum 15,000 monthly income
  • Age: 23 to 55 yr.
  • 720+ CIBIL 
  • Loan Amount: Up To 5 Lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • 6 months Bank Statement PDF

  Interest Rate

  • 18% – 32% p.a.
  • Up To 3% Processing Charge

Processing Fee

2% – 3%

Max Tenure

3 – 60 months

Apply Now

 Eligibility Criteria

  • Salary: 13,500 Net
  • Require Age: 21 to 60 yr.
  • 720+ CIBIL 
  • Loan Amount: Up To 5 Lakh

  Documents 

  • Pan Card
  • Aadhaar Card
  • 6 months Bank Statement PDF

  Interest Rate

  • 18% – 32% p.a.
  • Up To 3% Processing Charge

A personal loan is an unsecured collateral-free loan that is offered based on Salary. This is a fast & easy loan process. You can use this loan for weddings, repayment debt, home renovation & personal use. Personal loans are available from different Banks & NBFC companies. Get the loan within seven days.

personal loan

Benefits of Personal Loan

Fast Approval: Get the loan within 72 hr.

Collateral Free: Personal loan is a collateral-free loan. You can apply for a loan without any guarantor.

Higher Loan Amount: You can get up to 30 lakh personal loans. Different banks & NBFC companies are offering the higher loan.

Affordable EMI: EMI facility starts from 6 months to 60 months. A personal loan gives you fixable EMI tenure.

 Lower Interest Rates: Personal loans offering 7.99% to 22% interest rate per annum.

Minimum Documents: Apply for a loan with minimum documents. Aadhaar Card, Pan Card, Salary Slip & Bank statement are required to get the loan.

Eligibility Criteria

Age

23 -55 years

Credit Score

-1/ 700+

Salary

Rs. 12,000 Net

Employment Type

Government Employee, Pvt sector Employee

Job Period

Minimum 1 yr. Job Experience

Documents Required

  • Pan Card
  • Aadhaar Card
  • Recent 1 yr or 6 months Bank statement
  • Recent 3 months’ Salary Slip
  • Electricity bill

Personal Loan fees

Check out the expense and charges below:

    • Processing fee
    • Insurance charge
    • Verification charge
    • Late repayment penalty
    • Penalty for defaulter

Personal Loan Uses

Use a personal loan for different expenses:

  • Home Renovation
  • Pay others bills
  • Buy new car
  • Pay house rent
  • Make holiday trip
  • Education or other expenses

Personal Loan Interest Rate

Different banks & NBFCs offer different types of interest rates. It is based on Salary, previous repayment history, Credit score, and others factors.

Minimum Interest Rate

8.30% p.a.

Maximum Interest Rate

36% p.a.

Loan Repayment Tenure

Minimum Repayment Tenure

6 months

Maximum Repayment Tenure

60 months

 

How to Apply for a Personal Loan

Apply for a personal loan through 24hrloan. This is a fully digital process. Follow the steps to apply:

Step 1: Choose a lender as per your salary structure

Step 2: Click on the “Apply Now” button to start the process

Step 3: Fill in the basic details

Step 4: Upload documents like Aadhaar Card, Pan Card, Salary Slip, Bank Statement, etc.

Step 5: Banks will check your loan eligibility

Step 6: You will get the loan approval after the eligibility check.

How to Increase Personal Loan Eligibility

Credit Score: CIBIL Score is essential in applying for a loan. Maintain your healthy CIBIL Score before applying for a personal loan.

Calculate debt-to-income: Debt-to-income ratio is the most crucial factor. Before applying for a personal loan, your Salary will be calculated debt–to–income to check your loan eligibility. For example, if your Salary is Rs. 30,000, your current loan amount is Rs. 15,000, then your debt-to-income is 50% of your Salary, which is Rs.15,000. Bank calculates your existing loan EMI on Rs.15,000 Salary, which we show you above. If your debt-to-income is low, your loan application will be rejected.

Don’t apply for multiple loans: Don’t apply for multiple loans at once. When you are going to apply for a loan, all the lenders will check your CIBIL Score. They will check risk factors, previous loan history, and currency loan repayment records. If multiple lenders reject your loan application, your credit score shows a negative impact.

Increase Salary: Your monthly Salary is the most critical factor in applying for a loan. Lenders will calculate the debt-to-income ratio based on your current Salary. You can increase your Salary through incentives, bonuses, TA, and other sources of income. These will help to get a higher loan amount.

FAQs on Personal Loan

You can apply for a loan with Rs. 12,000 net salaries. But Salary should credit to your bank account.

You can get up to a 5 lakh loan. It’s based on different eligibility scores.

The personal loan interest rate starts at 8.65% per annum. It’s based on lenders. Different lenders provide different interest rates. Choose a lender from 24hrloan as per your Salary.

You can apply for a loan without a guarantor. A personal loan is an unsecured loan. So, we don’t require any guarantor to use.

EMI is a monthly loan repayment amount. EMI stands for Equated Monthly Installments. This amount you have to pay monthly, which lenders calculate. It includes the principal amount + interest rate.

The minimum personal loan tenure is 6 months, and the maximum loan repayment is 60 months. This will calculate based on your loan amount.