Calculate personal loan EMI instantly. Get exact monthly instalments for any amount from ₹50,000 to ₹50 lakhs. Compare rates from 20+ lenders.
About Personal Loans
A personal loan is an unsecured loan that doesn't require any collateral. Banks and NBFCs offer personal loans based on your credit score, income and repayment capacity. The EMI depends on the loan amount, interest rate and tenure you choose.
Personal loans in India range from ₹50,000 to ₹50 lakhs depending on your income and credit score. Most salaried individuals qualify for 10-20x their monthly salary.
Personal loans have a tenure of 1 to 7 years. Shorter tenure means higher EMI but less total interest. Longer tenure means lower EMI but more total interest paid.
Personal loans from NBFCs like Navi, MoneyView and Finnable are disbursed within 24-48 hours of approval, making them ideal for emergencies.
Unlike home or car loans, personal loans don't require any asset as security. Your creditworthiness is the only criteria for approval.
Rate Comparison
| Lender | Interest Rate | Max Amount | Tenure |
|---|---|---|---|
| HDFC Bank | 10.50% onwards | ₹40 Lakhs | 1-5 years |
| ICICI Bank | 10.75% onwards | ₹50 Lakhs | 1-6 years |
| Bajaj Finserv | 11.00% onwards | ₹35 Lakhs | 1-7 years |
| Navi Finance | 9.90% onwards | ₹20 Lakhs | 1-6 years |
| MoneyView | 10.00% onwards | ₹10 Lakhs | 1-5 years |
| Finnable | 10.99% onwards | ₹10 Lakhs | 1-4 years |
| SBI | 11.45% onwards | ₹20 Lakhs | 1-6 years |
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