Compare the cost
Review the indicative rate, APR or applicable charges, EMI and total repayment—not only the advertised rate.
Loan guide & eligibility
Personal Loan in India – Check Interest Rate, EMI & Eligibility
Explore unsecured personal loan options for eligible personal expenses. Understand indicative rates, repayment tenure, EMI, eligibility and documents before submitting your loan enquiry.
Indicative starting rate10.49%* p.a.
Indicative EMI₹2,134/lakh*
Maximum tenureUp to 7 years*
*Indicative information currently displayed on Credit Lelo. Actual rates, loan amount, EMI and tenure are lender-dependent and subject to eligibility and approval.
Benefits & features
Personal Loan features currently available through our partner network
Availability varies by lender, applicant profile and product policy.
Key benefits
- ✓Instant ApprovalIn minutes
- ✓No Collateral100% unsecured
- ✓Flexible UseFor any purpose
- ✓Same-Day DisbursalMoney in your bank
Product features
- ✓Loan up to ₹40 LBased on profile
- ✓Tenure up to 7 YearsFlexible repayment
- ✓Minimal PaperworkDigital KYC
- ✓Pre-Approved OffersFor existing customers
Personal Loan eligibility
Basic eligibility factors
- ✓Age21 to 60 years
- ✓IncomeMin ₹20,000/month
- ✓EmploymentSalaried in a recognised company
- ✓Credit Score720+ preferred
These are indicative criteria. Each lender performs its own underwriting and may apply additional conditions.
Personal Loan documents
Documents you may need
- ↗KYCAadhaar + PAN
- ↗Salary SlipsLast 3 months
- ↗Bank StatementsLast 3 months
- ↗Employment ProofOffer letter or ID card
Document requirements can differ by lender and applicant profile.
Detailed loan guide
What to check before taking a Personal Loan
Check your eligibility
Income, repayment capacity, credit profile and product-specific property or vehicle details can affect approval.
Read the final terms
Confirm tenure, security conditions, prepayment rules and the lender's Key Facts Statement before accepting an offer.
A personal loan is generally unsecured, so lenders assess your profile without taking a property or vehicle as collateral. The final personal loan interest rate and approved amount can vary based on income, employment, credit history, existing EMIs and the lender’s internal credit policy.
Before choosing an instant personal loan offer, compare the EMI, tenure, processing fee, Annual Percentage Rate (APR), prepayment conditions and any other charges. A lower advertised rate does not always mean a lower total borrowing cost.
RBI’s Key Facts Statement framework requires covered regulated lenders to disclose key loan terms and the all-in cost in a standardised, easy-to-understand format. Review this document carefully before signing a loan agreement.
Personal LoanInstant Personal LoanPersonal Loan Interest RatePersonal Loan EligibilityPersonal Loan EMIPersonal Loan Documents
Borrower reference: the Reserve Bank of India requires covered regulated entities to provide a Key Facts Statement with important loan terms and the all-in cost. RBI reference. Credit-score reference: TransUnion CIBIL.
Indicative lender information
Compare displayed Personal Loan rate information
Rates and fees can change. Confirm the current offer directly from the lender's Key Facts Statement or sanction communication.
HDFC Bank
10.49%
Processing 0.5%
ICICI Bank
10.49%
Processing 1%
Axis Bank
10.49%
Processing 0.75%
The above information is drawn from the product data currently configured on this website and should be treated as indicative, not a live lender quote.
Personal Loan EMI calculator
Estimate the monthly EMI for your Personal Loan
This calculator is for illustration only and does not include all charges that may form part of the loan's APR.
Personal Loan FAQs
Frequently asked questions
For eligible salaried customers, funds can be credited within 24 hours of approval.
Most lenders charge 2-4% on outstanding amount; some have zero foreclosure after 12 EMIs.
Yes, with ITR and business proof for the last 2 years.
An unsecured personal loan generally does not require property or vehicle collateral. Approval and pricing depend on the lender’s assessment of your income, credit profile, existing obligations and other eligibility criteria.
APR represents the annual cost of credit to the borrower and includes the interest rate plus applicable charges covered by the lender’s disclosure. Compare APR along with EMI and tenure when evaluating offers.
Lenders may consider a credit score as one of several risk indicators. TransUnion CIBIL states that its consumer score ranges from 300 to 900, with a higher score indicating lower credit risk.
Reference: TransUnion CIBIL – Consumer Credit Risk Assessment
Important: Credit Lelo is a loan aggregation and enquiry facilitation platform, not a bank or NBFC. Product information on this page is indicative. Final eligibility, loan amount, interest rate, APR, processing fee, security requirements, tenure, approval and disbursal are determined by the relevant lender after assessment.