About Personal Loans
Loanpao’s Personal Loans offer quick financial support for your personal needs, such as medical emergencies, travel, weddings, or debt consolidation. With competitive rates and fast disbursal in Delhi, India, we make borrowing easy.
Why Choose Our Personal Loan?
- Interest Rates starting at 10.5% p.a.
- Loan Amount from ₹50,000 to ₹50 Lakh
- Flexible Tenure up to 5 Years
- Instant approval for pre-qualified customers
- Disbursal within 48 hours
- No collateral required
- Minimal documentation
- Special rates for high credit scores
Are You Eligible?
| Criteria | Requirement |
|---|---|
| Applicant | Salaried or self-employed |
| Age | 21-60 years |
| Income | Minimum ₹15,000/month (salaried); ₹3 Lakh/year (self-employed) |
| Credit History | No major defaults; credit score 750+ preferred |
What Documents Do You Need?
- KYC: Aadhaar / PAN / Voter ID
- Income Proof: Salary slips, ITR, Form 16
- Bank Statements: Latest 3 months
- Employment Proof: Offer letter or business proof
- Address Proof: Utility bill or rental agreement
Attractive Interest Rates & Affordable Fees
| Bank/Lender | Interest Rate | Processing Fee |
|---|---|---|
| SBI | 10.5% p.a. | 1.0% or ₹2,500 |
| HDFC Bank | 10.75% p.a. | 1.5% or ₹3,000 |
| ICICI Bank | 11.0% p.a. | 1.5% or ₹3,000 |
| Axis Bank | 11.25% p.a. | 1.25% or ₹2,750 |
| Kotak Mahindra Bank | 11.5% p.a. | 1.5% or ₹3,000 |
| Bank of Baroda | 10.75% p.a. | 1.0% or ₹2,500 |
| Union Bank of India | 11.0% p.a. | 1.0% or ₹2,500 |
| Punjab National Bank | 10.75% p.a. | 1.0% or ₹2,500 |
| IDFC FIRST Bank | 11.25% p.a. | 1.25% or ₹2,750 |
| Yes Bank | 11.5% p.a. | 1.5% or ₹3,000 |
| NBFCs | 12.0% p.a. | 2.0% or ₹4,000 |
| Co-operative Banks | 11.0% p.a. | 1.0% or ₹2,500 |
Extra Charges:
- Late Payment Charges: 2% p.m. on overdue amount
- Prepayment Charges: 3% on outstanding amount
- GST: Applicable on processing fees
Note: Rates and fees are indicative as of April 2025 and subject to change.
Calculate Your EMI Instantly
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How to Apply for a Personal Loan
- Complete the online application with personal details.
- Submit KYC, income, and employment documents.
- Undergo verification of income and credit history.
- Review and accept the loan offer.
- Receive funds within 48 hours.
Common Questions About Personal Loan
What is a Personal Loan?
A Personal Loan is an unsecured loan for personal expenses like travel, medical emergencies, or debt consolidation.
Who can apply for a Personal Loan?
Salaried or self-employed individuals aged 21-60 with a credit score of 750+ preferred.
What is the maximum loan amount?
Up to ₹50 Lakh, based on eligibility.
How long does approval take?
Instant approval for pre-qualified customers; otherwise, within 48 hours.
Can I prepay the loan?
Yes, prepayment is allowed with 3% charges on outstanding amount.
Is collateral required?
No, Personal Loans are unsecured and do not require collateral.
What is the repayment tenure?
Up to 5 years, with flexible repayment options.
Are there special offers?
Yes, special rates for high credit scores and instant disbursal for select applicants.
What documents are needed?
KYC, income proof, bank statements, employment proof, and address proof.
How does it affect my credit?
Timely repayment improves your credit score, while defaults may lower it.