PURPOSE
Plan for a major personal expense
Flexible funding for personal plans
Personal Loan
Personal financial assistance.
Personal Loan provides unsecured finance for eligible salaried and self-employed applicants to meet personal financial requirements.
Options and eligibility are subject to lender assessment and terms.
WHO IT MAY SUIT
Salaried employees
GET PREPARED
5 document types to review
What could this help with?
Common needs to discuss with a lender.
- Plan for a major personal expense
- Manage an unexpected financial need
- Bring planned expenses into one repayment schedule
Keep your plan specific
Estimate the amount you need and the repayment that fits your monthly budget before comparing offers.
Who may be eligible?
These are common applicant profiles, not an approval guarantee.
- Salaried employees
- Self-employed professionals
- Applicants having regular monthly income
- Applicants meeting the lender's age criteria
- Applicants having an acceptable credit profile
Each bank or financial institution sets its own age, income, credit, property and documentation criteria.
Prepare your documents
Use this checklist to get organized before applying.
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Before you apply
A few details worth checking early.
- Review your monthly budget and existing EMIs before choosing an amount.
- Lenders assess income, employment or business profile, credit history and obligations.
- Compare the complete repayment terms and applicable charges, not just the EMI.
Compare the full offer
Review the interest method, fees, repayment conditions, security and any early-payment charges in the lender's current documents.
QUICK ESTIMATE
Plan a monthly repayment
Try different amounts and terms to explore an illustrative reducing-balance EMI.
Enter a positive amount, an interest rate from 0% to 60%, and a term from 0.5 to 40 years.
ILLUSTRATIVE MONTHLY EMI
Principal₹0
Estimated interest₹0
Total repayment₹0
Estimate only; actual lender rates, fees, repayment schedules and terms may differ.
Questions to help you decide
Practical answers to get you started.
Is a personal loan secured?
Many personal-loan products are unsecured, but terms vary. Confirm whether collateral, a guarantor or other conditions apply to the specific offer.
How much can I borrow?
The amount depends on lender policy and your income, obligations, credit profile and other eligibility checks. An estimate is not an approval.
Can I repay early?
Prepayment or foreclosure rules and charges vary by lender and product. Check the current offer documents before accepting.
Funding partners
Institutions shown for this product. Availability and offers may vary.
KOTAK MAHINDRA BANK
HDFC BANK LTD
BAJAJ FINANCE LTD
ICICI BANK LTD
BAJAJ FINSERVE LTD
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD
TATA CAPITAL FINANCIAL SERVICES LTD
Information on this page is general and for illustration only. It is not an offer, sanction or financial advice. Eligibility, interest, charges, security, documentation and final terms are determined by the relevant lender and may change.