A personal loan is one of the most accessible and versatile forms of credit available today. Whether you need funds for a medical emergency, wedding, education, or travel, personal loans offer a quick and convenient solution without the need for collateral.

Key Features of Personal Loans

• Loan Amount: ₹10,000 to ₹25,00,000
• Tenure: 12 to 60 months
• Interest Rate: 10.50% to 24% p.a. (based on credit profile and lender)
• Collateral: Not required
• Usage: Unrestricted – can be used for personal or family needs

Eligibility Criteria

• Age: 21 to 60 years
• Income: Minimum ₹15,000/month (salaried or self-employed)
• Credit Score: Preferably 700+
• Employment Type: Salaried in a reputed firm or self-employed with income proof

How to Apply

• Check eligibility on Rupi247
• Compare offers from multiple lenders
• Submit documents (PAN, Aadhaar, income proof)
• Get approval within 24-72 hours

Benefits of Personal Loans

• No asset required
• Quick disbursal
• Easy online application
• Improves credit score on timely repayment

Personal loans are ideal for short- to medium-term financial needs. While interest rates can vary, the flexibility and speed make them highly popular across all income segments.

💡 Rupi247 Tip
Use our EMI calculator to determine your affordability before applying. We help you get the best deals based on your profile, instantly.