Get Personal Loan Up to ₹50 Lakhs

Your chances of getting a personal loan depend on various factors such as your income, credit score, employment history, and existing debts. Whether you're salaried or self-employed also plays a crucial role, as lenders assess the stability of your income. To get a quick estimate, you can use online personal loan eligibility calculators, which help you understand your chances based on your financial profile.

Yes, it's possible to get a personal loan with a low credit score but be prepared for higher interest rates and more restrictive loan terms. Lenders typically have stricter eligibility criteria for borrowers with poor credit history, which may include higher income requirements or the need for a co-signer. Additionally, you might face lower loan amounts and shorter repayment periods. To improve your chances, consider taking steps to improve your credit score before applying.

Loan approval can take from a few hours to a few days, depending on the lender and the complexity of your application. In some cases, funds can be disbursed as quickly as 48 hours, but typically it takes 2-4 business days. Factors influencing the timeline include the lender's processing speed, the completeness of your loan application, and the verification of your financial details.

Personal loan interest rates typically range from 10% to 35% per year . However, your specific rate depends on factors like your credit score, income, and the lender.

Common documents required for a personal loan application typically include:
Proof of Identity: Aadhaar, passport, PAN card, or driver's license.
Proof of Address: Utility bills (electricity, water, or gas), rental agreement, or property tax receipts.
Proof of Income: Salary slips for the last 3-6 months, recent bank statements, or Income Tax Returns (ITR).
For self-employed individuals:
Business Proof: Business registration documents, GST registration, or trade licenses.