Personal loans from 10.49% p.a.
Unsecured loans of ₹10,000 to ₹40 lakh for any purpose, repaid in fixed EMIs over 12–60 months. Compare lenders, check eligibility and apply online.
Check eligibilityPersonal loan interest rates by lender
| Lender | Interest rate (p.a.) | Loan amount | Tenure | Processing fee | |
|---|---|---|---|---|---|
| Bajaj Finserv ★★★★☆ | 10%–31% | up to ₹40 lakh | 12–96 months | up to 3.93% + GST | Check |
| IDFC FIRST Bank ★★★★☆ | 10.99%–23.99% | up to ₹10 lakh | 6–60 months | up to 2% + GST | Check |
| RamFin & partner NBFCs Fast disbursal | 14%–36% | ₹10,000–₹5 lakh | 3–36 months | 2%–4% + GST | Check |
| Digital lenders 100% paperless | 16%–30% | ₹5,000–₹5 lakh | 3–24 months | 2%–4% + GST | Check |
Who can apply
- Indian resident aged 21–60
- Salaried with net monthly income of ₹15,000+, or self-employed with income proof
- Credit score of 650+; 750+ gets the best rates
- Stable employment or business history
Documents usually needed
- PAN card
- Aadhaar (for e-KYC)
- Last 3 months’ salary slips or 6 months’ bank statements
- Address proof, if different from Aadhaar
Fees and charges
| Charge | Typical range |
|---|---|
| Processing fee | 0%–3% of loan amount + GST |
| Foreclosure | 0%–5% of outstanding, after lock-in |
| Part-prepayment | 0%–4%, often free after 12 EMIs |
| Late payment | Per the loan agreement, usually ~2% per month on overdue EMI |
| Stamp duty | As per state law |
How the EMI is calculated
EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1), where P is the amount, r the monthly rate and n the number of months. Try it on the EMI calculator.
Tips to get a better rate
- Check your credit report and fix errors before applying
- Keep card utilisation below 30%
- Apply for the amount you need, not the maximum
- Avoid multiple applications in a short period
Personal loan FAQs
Is CreditJunction4U a lender?
No. CreditJunction4U is a loan information and comparison platform. We help you understand your options and connect you with RBI-registered banks and NBFCs. The lender decides on approval and terms.
Does checking eligibility affect my credit score?
Checking your eligibility with us is a soft enquiry and does not affect your credit score. A lender may run a hard enquiry only when you formally apply with them.
How much can I borrow?
Personal loans typically range from ₹10,000 to ₹40 lakh, depending on your income, credit history, existing EMIs and the lender’s policy.
What interest rate will I get?
Rates usually range from 10.49% to 36% per year. Your rate depends on your credit score, income, employer and the lender. You will see the final rate and all fees before you accept any offer.
What documents do I need?
Usually PAN, Aadhaar, your latest salary slips or bank statements, and sometimes address proof. Many lenders verify these digitally, with your consent.
Do you charge me anything?
No. Using CreditJunction4U is free. When you take a loan through a lender we connect you with, that lender may pay us a referral fee. It never adds to your cost. See how we earn.
Will anyone ask me for money to approve my loan?
Never. Genuine lenders deduct fees from the loan amount or show them in the loan agreement. If anyone asks you to pay upfront, or for your OTP, PIN or password, do not pay and report it to us.
How fast is disbursal?
Once a lender approves your application and your documents and e-agreement are complete, many disburse within 24–48 hours. Timelines vary by lender.