PERSONAL LOAN

Fast Approval & Low Interest Rates

Loan upto

Up to ₹50 Lakh

Get Loan in

30 Minutes

Starting Interest Rates from

9.97% per annum

Personal Loans are one of the easiest and fastest ways for salaried individuals to access funds. With stable monthly income, banks and NBFCs offer lower interest rates, quicker approvals, and minimal documentation. Whether you need money for emergencies, travel, renovation, weddings, or debt consolidation, our personal loan solutions help you get funds in the simplest way.

The Loanwale Advantage

Instant & Digital

100% digital process with instant approval checks. No branch visits needed.

Unsecured Loan

No collateral or security required. Your income is your assurance.

Flexible Tenure

Choose a comfortable repayment plan, from 12 months up to 72 months.

Eligibility Criteria for Salaried Individuals

Check if you meet the basic requirements for quick approval and the best interest rates.

 

Core Requirements

Age:

21 to 60 years

Work Experience:

1–3 years total

CIBIL Score:

750+ (Recommended)

Metro Cities:

Age:

₹20,000 – ₹25,000

Non-Metro Cities:

₹15,000 – ₹20,000

Employer Category:

MNCs, PSUs, and Govt employees receive preferential rates.

Minimal Documentation Required

ID Proof (Aadhaar/PAN)

Last 3 Months Salary Slips

Bank Statements (3–6 Months)

*Employee ID card, Address proof, and ITR (optional) may also be required by the lender.

Interest Rates & Charges: Complete Transparency

Lender TypeInterest Rate (p.a.)Processing Fee
Top Private Banks9.97% – 12.00%0.5% – 1%
Public Sector Banks10.50% – 14.00%1% – 2%
NBFCs10.25% – 18.00%1% – 3%

Foreclosure Note
Foreclosure charges are typically 2%–5% of the outstanding principal. However, many top banks offer zero foreclosure charges after 12 months for salaried customers.

Why Choose LoanWala for Your Personal Loan?

Years of Experience
5 +
Satisfied Customers
10000 +

How to Apply for a Personal Loan

Check
Eligibility

Verify income, CIBIL, and work history.

Upload
Documents

Submit digital copies of required proofs.

Verification
Details

Quick bank confirmation via email/phone.

Approve &
Disburse

Funds credited in 30 minutes to 4 hours.

Ready for Instant Funds?

Get your lowest-rate personal loan quote today. 

100% Secure & Free Quote. No Obligation.

Start Your Loan Application in
60 Seconds

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