Personal Loan for Salaried Individual UPTO Rs.40 Lakh

3 unique variants of our personal loan-

Imagine you take a loan of Rs. 2 lakh for a term of 24 months. For the first six months, you pay the regular equated monthly instalments (EMIs). By now, you would have repaid about Rs. 50,000.

Suddenly, you have an unforeseen need for Rs. 50,000. All you need to do is to go to My Account and withdraw Rs. 50,000 from your Flexi Term Loan account. Three months later, you just got your bonus of Rs. 1,00,000 and would like to pay back a part of your Flexi Term Loan. This time again, all you need to do is go to My Account and pay back a part of your Flexi Term Loan.

During all this while, your interest is automatically adjusted, and you are paying interest only on the outstanding amount at any point of time. Your EMI consists of both principal and adjusted interest.

Unlike in the case of other personal loans, there are absolutely no fee/ penalty/ charges for paying back or withdrawing from your Flexi Term Loan account.

This variant is ideal for today’s lifestyle, wherein managing expenses can get unpredictable.

This is another variant of our personal loan that works exactly like Flexi Term Loan. The only difference is that, for the initial period of the loan, your EMI will only consist of the applicable interest. For the remaining period, the EMI will consist of the interest and principal components.

This is like any other regular personal loan. You borrow a certain amount of money, which is divided into equated monthly instalments that consist of both principal and the applicable interest.

There is a fee applicable for repaying your term loan before the completion of your loan tenure.

Pick the loan variant that suits you best: Term loan, Flexi Term Loan, and Flexi Hybrid Loan.

Repay a part of your loan in advance, at no extra cost. You can part-pay as many times as you want.

Manage your small or large expenses with loans ranging from Rs. 20,000 to Rs. 40 lakh.

Manage your loan easily with repayment options ranging from 6 months to 96 months.

Complete your entire application online from the comfort of your home or wherever you are and get instant approval.

Your bank account will be credited with your loan amount within 24 hours* or, in some cases, on the same day of approval.

Our fees and charges are mentioned clearly on this page itself and also on our loan documents. We advise you to read these in detail before applying.

You do not need to provide any collateral such as gold ornaments, property papers, or have someone stand as a guarantor.

Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

• Nationality: Indian
• Age: 21 years to 80 years*
• Employed with: Public, private, or MNC
• CIBIL score: 685 or higher
• Monthly salary: Starting Rs. 25,001, based on the city you live in

• KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register
• PAN card
• Employee ID card
• Salary slips of the last 3 months
• Bank account statements of the previous 3 months

*You should be 80 years or younger, at the end of the loan tenure.