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"I required a personal loan to finance my medical expenses. I got a loan at 11.49%, while all other websites failed to get me such a good interest rate. I am really glad IndiaLends took my case seriously."

-Ananta , New-Delhi

" Got loan from multiple lenders at one platform only…thanks to Indialends, got a chance to maintain CIBIL which may have been decreased in open market on applying multiple times. "

-Tushar Dutta , Delhi

"Indialends treated my loan on priority basis as I was in urgent need…were in regular touch whether it be me or lender at documentation, verification and disbursal "

-Shirish Sharma , Jaipur


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Personal Loan: An Overview

A Personal loan is a form of credit offered by financial institutions for the borrower’s personal use. It is an unsecured loan and doesn’t require collateral as security or a guarantor to avail the loan. Personal loans can be best used for multiple purposes such as for travel, marriage, education, medical emergencies, electronics, business, debt consolidation and household use. A Personal loan can have either a fixed or floating interest rate and can be repaid in the form of EMIs over a pre-agreed period of time. A customer can also apply for a fast loan with a co-applicant to increase the chances of getting the loan.

Personal Loan Interest Rates: -

In India, Personal Loans starts from 11.49% and goes up to 35% per annum depending upon personal circumstances, credit assessment procedures and other related factors. Interest rates may also differ from lender to lender depending upon the credit score, Income, Loan amount, tenure.

Table showing personal loan interest rates and processing fees of various banks and NBFCs*
Name of the Provider Interest Rate Processing Fee Tenure
HDFC Bank 11.49%-20% Per Annum From Rs. 1500/- Up to 2.5% of the loan amount 12 to 60 Months
ICICI Bank 11.49%-22.0% Per Annum From Rs. 999/- Up to 2.5% of the loan amount and applicable Service Tax 12 to 60 Months
RBL bank 14.0%-20% Per Annum Up to 2.0% of the loan amount and applicable Service Tax 12 to 60 Months
IndusInd Bank 11.99% - 23% Per Annum Up to 2% of the loan amount 12 to 60 Months
Kotak Bank 11.50%-24% Per Annum Up to 2.0% of the loan amount and applicable Service Tax 12 to 48 Months
Bajaj Finserv 12.5%-16% Per Annum Up to 2.0% of the disbursed loan amount 12 to 60 Months
TATA CAPITAL 11.99%-19.0% Per Annum From Rs. 999/- Up to 2.0% of the loan amount and applicable Service Tax 12 to 72 Months
Fullerton India 17.25%-35% Per Annum Up to 3.5% of the loan amount 12 to 60 Months
Capital First 14%-35% Per Annum Up to 2.0% of the loan amount and applicable Service Tax 12 to 60 Months
IDFC 12%-18% Per Annum Up to 1.5% of the loan amount and applicable Service Tax 12 to 60 Months
*The figures provided in the table are indicative subject to change from time.

Representative Example:

With a representative 11.49% APR based on borrowing ₹ 10 lacs and repaying over 60 months with 60 monthly repayments. Monthly repayments of ₹ 21988.

Basics of Personal Loans:

For an efficient borrowing and lending system, it is necessary to ascertain the profile of the borrower so as to minimize the risk of lenders and ensure the continuous flow of loans. For this purpose we keep ask some basic questions which are as follows:

  • How are you currently employed?
  • What will you use this money for?
  • In which city are you currently residing?
  • Company name

Our aim is to ease borrowing for the borrowers. Thus, we offer the best personal loan, loans for both good & bad credit and most importantly, quick loans. The advantages of borrowing from us are:

  • Our personal loan starts from the interest rate of 11.49%.
  • We offer instant online approval and cash within 2 days of the request.
  • We also consider credit repair and new to credit borrowers.
  • We offer personal loans starting from ₹ 25,000 up to ₹ 35 Lacs for a period of 1 to 6 years.
  • Soon after the loan is approved, the funds are transferred right into the borrower’s bank account. So we minimize all possible delay.

Personal Loan Eligibility Criteria:

There is, however, a minimum eligibility for borrowers. One must meet following basic criteria to borrow from us:

  • The borrower must be an Indian Resident
  • Minimum age - 21 years
  • Valid government issued identity proof
  • Valid bank account

Also required are the following documents before you receive your loan:

  • PAN Card
  • Address proof by showing any one of these - Passport, driving license, Voter ID, post-paid/landline bill, utility bills (electricity/water/gas)
  • Bank statements - where your salary is deposited, for the last 3 months
  • Pay slips of the last 3 months
  • ITR in case of Self-Employed

Loan requests can also be altered through our support team, which can be contacted on 011-39595126 or email

Personal Loans: What All to Look At

Applying for a loan? Here’s what you need to keep in mind

Whether you’re purchasing you first car, renovating your home or are simply in need of extra cash, applying for a loan can lead to serious financial commitments. Thats why its important that you familiarize yourself with the most important elements when searching for one that best fits your needs. Lets take a moment to discuss the things you should keep in mind when looking for a loan.Read more..

Applying For Loans? 3 Common Traps to Avoid

One of the best folktales of Finance is Shakespeare’s Merchant of Venice. The classic play showcases a brilliant illustration of the earliest examples of borrowing and lending with complex payment terms. Here’s the scenario – Shylock, a money lender, lends three thousand ducats to Antonio, a merchant, at an exorbitant rate of interest. The catch? If the loan is unpaid by the end of the year, Shylock is entitled to a pound of Antonio’s flesh. Read more..

Q. How much can I borrow and for how long?

A. You can get personal loans starting from Rs. 25,000 up to Rs.50 Lacs for 1 to 5 years.

Q. Can I repay my loan early?

A. Yes, you can pre-pay your loan as and when you want.

Q. How does Indialends assess my credit worthiness and how long does this take?

A. Each consumer wishing to borrow on the Indialends portal will need to go through a rigorous verification and credit assessment process. The assessment is based on information collected from various data sources like the application form, credit bureaus, bank statements, pay slips, verification reports, social media, etc. The above process is automated and happens within seconds. Hence, you can get an approval shortly after you submit your application.

Q. Why was my application rejected?

A. The reason your application was rejected was because your credit profile did not match the criteria stipulated in the Indialends policy at the time. However, Indialends might be able to approve your application at a later date, if by then your credit file has improved or there have been changes in the Indialends credit policy.

Q. What is my repayment schedule?

A. Repayment of the loan will happen monthly on an EMI (equated monthly installment) basis where the amount will be calculated based on amortizing balance. One or two of the installments might be different which will depend on the timing of the loan.

Q. What happens in the case of a missed payment or non-payment by a borrower?

A. If the monthly payment for a borrower is delayed for any reason, a penalty fee and penal interest might be charged to the borrower. The borrower’s credit file will also get impacted which will restrict him / her to get credit in the future. Legal action may also be taken against the borrower.

Q. What information is shared with the lenders browsing through the profiles?

A. Lenders will have the ability to view detailed profiles of the borrowers, information like financial information, employment information, etc. The personal information of the borrower remains protected as per our privacy policy.

Q. How do I alter my loan request?

A. Loan requests can only be cancelled prior to loan disbursal. In case you want to make any changes to your request please reach out to The support team will help you in making the modifications.

Q. How can I make monthly payments?

A. You can pay your EMIs using electronic transfer of funds, ECS.

Q. How will you disburse the loan amount?

A. Soon after the loan is approved, the funds will be transferred right into your bank account.