Unsecured Personal Loan Instant Approval

Unsecured Personal Loan Instant Approval: Up To 5 Lakh Loan

I think you know that two types of loans are available in the market. One is a secured loan & other is an unsecured loan. Banks provide a secured loan based on land, gold, or property mortgage & an unsecured loan is available based on salary & business.

We will talk about unsecured personal loans which are given instant approval. A salaried person with Rs. 12,000 net monthly salary can apply for a loan.

The unsecured personal loan interest rate starts from 16% to 21% p.a. You can pay the EMI from 12 months to 36 months tenure.

Unsecured Personal Loan Quick Recap

Loan AmountUp To 5 Lakh
Interest Rate16% to 21% p.a.
Loan Tenure1 year -3 years
Age23 -55 years
Income RequiredRs. 12,000/- Net Salary
Processing FeesUp to 3% of the loan amount
Eligible ForSalaried Employee

Features of Unsecured Personal Loan

Fast Process: The loan approval process is fast. The money will credit to your account within 72 hours.

Top-up Loan: You may get the top-up loan after payment of four EMI.

Unsecured Loan: This is an unsecured personal loan. You don’t have to give security for this loan.

Simple Documents: Don’t need to carry lots of documents. Your salary slips, bank statement & KYC documents are enough to apply for a loan.

Zero Hardcopy: You can simply upload documents at loan application time. No hard copy has to provide to the bank.

Repayment Tenure: The loan repayment tenure is affordable. You can pay the loan from 12 months to 36 months tenure.

Unsecured Personal Loan Other Banks/NBFCs

Banks/NBFCsInterest Rates(p.a.)Income Required
WeRize16.00%-21.00%Rs.12,000/- Net SalaryApply Now
MoneyWide16.83% to 32.83%Rs. 25,000/- Net SalaryApply Now
IDFC Bank12.50% to 18%Rs. 15,000/- Net SalaryApply Now
Piramal Finance12.99% onwardsRs. 25,000/- Net SalaryApply Now
Bandhan Bank10.50% to 12.65%Rs. 20,000/- Net SalaryApply Now
InCred18% onwardsRs. 15,000/- Net SalaryApply Now
IIFL12.75% to 33.75%Rs. 15,000/- Net SalaryApply Now
PaySense16.80%- 27.60%Rs. 18,000/- Net SalaryApply Now
Hero Finance16.80%- 27.60%Rs. 18,000/- Net SalaryApply Now
HDFC10.75%- 21%Rs. 40,000/- Net SalaryApply Now
Upward9% – 32%Rs. 21,000/- Net SalaryApply Now
Payme India18% to 42%Rs. 15,000/- Net SalaryApply Now

Eligibility Criteria

An unsecured personal loan is available without any secured. You should match the below documents to apply for an Unsecured loan:

  • It would help if you were Indian Citizenship
  • Your monthly in-hand salary of Rs. 12,000 required
  • The applicant’s work experience is a minimum of 12 months required
  • Credit score: -1 or 700+ required

Documents Required for Unsecured Loan

The minimum documents will require for an unsecured personal loan. Check out the below documents:

  • Aadhaar Card/ Voter Card (Address Proof)
  • Pan Card (Identity Proof)
  • Latest Salary Slip (Income Proof)
  • 12-month salary credit bank statement pdf
  • Electricity bill (Residential Proof)
  • Co-applicant / Guarantor Aadhaar Card

Unsecured Personal Loan Interest Rate & Charges

Minimum Interest rate16% p.a.
Maximum Interest rate21% p.a.
Processing FeeUp To 3% + GST
Insurance FeesUp To 4% of the loan amount
Late ChargesApplicable

How to Apply for Unsecured Personal Loan

Step 1: Start the loan application click on the “WeRize Personal Loan” button.

Step 2: Just carefully fill out the application.

Step 3: Upload the documents (Pan Card, Aadhaar Card, Salary Slip) with one click & Upload the bank statement through the new account aggregator features.

(If you cannot do this process, just send your documents directly to our WhatsApp number 9051357314. We will upload the document on behalf of you)

Step 4: WeRize credit team call you for verification.

Step 5: After loan eligibility, the WeRize team sends you an e-nach, KYC & agreement link.

Step 6: Just complete all the links & loan will credit to your account.

FAQs on Unsecured Personal Loan

How to get an unsecured personal loan fast?

You may get an unsecured personal loan. But your salary should be a minimum of Rs. 12,000 (in-hand) required. If you have this salary, you can apply through 24hrloan.in. The loan process time is a maximum of 5 days.

What is the interest rate for an unsecured personal loan?

The unsecured loan is available with a minimum of 16% interest to a maximum of 21% interest per annum.

What credit score is required for an unsecured personal loan?

The minimum credit score of is 700+ required for unsecured personal loans. But if you have a zero CIBIL score, you can also apply for a loan.

What is the most popular unsecured personal loan?

The most unsecured personal loan is a pre-approved loan. Sometimes lenders are offering pre-approved loans to customers. You may get a pre-approved loan through L&T Finance. This lender provides up to 7 lakh pre-approved loans.

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