Upward Personal Loan- Instant Loan Up To 5 Lakh

An upward personal loan is a fully digital-based loan facility. You can get up to 5 lakh personal loans that can be used for home renovation, medical expenses, new car purchases, or other needs.

The loan amount comes with up to 36 months of repayment tenure. Upward fulfills stress-free loan experience at 1.50% interest per month.

Upward Personal Loan Quick Recap

Loan Amount	Up To 5 Lakh
Interest Rate	9% – 32% p.a.
Tenure	6 – 36 month
Age Required	21 years or above
Income Required	Rs. 20,000 Net Salary
Processing Fees	2% to 4% of the loan amount
Eligible Customer	Salaried Person

Benefits of Upward Personal Loan

100% Digital: Upward provides fully digital instant personal loans. 24hrLoan makes it a comfortable and 100% digital loan journey.

Minimal Documents: Don’t require too many documents to get the loan. Essential KYC documents & income proof are needed to apply.

Affordable Interest Rate:  Upward has a lower interest rate starting with 9% per annum.

No Paperwork: This is a fully digital process. You are not required to submit hard copies of documents. You can upload documents when you apply for a loan.

Flexible Tenure: Upward offering flexible EMI tenure from 6 to 36 months.

Collateral Free: Upward is an unsecured loan, so it is collateral-free. The Lender doesn’t ask for security or guarantees.

Also Read: Fi Money Personal Loan

Interest Rate, Fees & Charges

Interest rate	9% to 32% per year
Processing Fee	Up to 4% of the loan amount
Late Payment Fee	Applicable
Foreclose Charge	5% + GST
Part Payment Charges	NIL
Minimum Loan Tenure	6 months
Maximum Loan Tenure	36 months

Upward Loan Eligibility Criteria

Just required basic eligibility criteria to apply for an Upward loan:

• Indian Citizen
• The age should be 21 to 55 years
• Net salary required Rs. 20,000
• CIBIL Score required a minimum of 680+

Documents Required for Upward Loan

• Selfie picture
• Aadhaar Card
• Pan Card
• 3-month Salary Slip
• 6 Month Bank Statements
• Residence proof (Electricity bill/ phone bill/ Gas Bill)

Tips to Get Upward Personal Loan

Good Creditworthiness: Your credit score shows your credit score history, which will build trust in your creditworthiness. So, borrowers should maintain trustworthiness, which comes from building good credit scores. Paying loan or credit card payments on time helps to increase CIBIL scores.

Debt-to-income Ratio: One of the major aspects is your debt-to-income ratio. Upward calculate your debt and monthly salary before providing the loan. If your debt exceeds 50% of your monthly income, the lender may reject your application.

Multiple Inquiries: Your multiple loan applications may fall into a bad situation. It will show a negative impact on your credit score if you have multiple inquiries.

How to Apply for an Upward Loan

Step 1: Start the application through the “Upward Loan” button.

Step 2: Log in through a mobile number.

Step 3: Submit basic KYC details (Aadhaar Card & PAN card)

Step 4: Now, Upward check your eligibility to get the best loan offer.

Step 5: If you are eligible, you will get the loan.

Step 6: Submit bank details to credit the loan amount.

Also Read: Flipkart Pay Later EMI

Upward Personal Loan Customer Care

Upward does not provide a customer care number. But you can send an Email to reach out to customer service.

Email ID: help@go-upwards.com

Office Address:

501-A Pinnacle Corporate Park, BKC Bandra (East), Vill Kole Kalyan, Near Trade Centre Mumbai – 400051.

You can send a letter to the official address. They will solve your queries within 72 hours.

FAQs on Upward Loan