Personal Loan
हिंदी में पढ़ेंA personal loan is an unsecured loan you can use for almost any personal need — a medical bill, a wedding, home repairs, travel, education or paying off expensive credit card debt. You do not pledge any collateral, so the lender decides your rate and limit mainly on your credit score, income and existing debts.
On ClickPe you can compare personal loan offers from multiple RBI-regulated banks and NBFCs in one place, see who the lender is before you apply, and check your eligibility without affecting your credit score.
Compare personal loan offers
Figures are taken from each lender's official website on the date shown. Your actual rate and charges depend on your profile and are confirmed by the lender in the Key Fact Statement.
| Product | Lender | Interest rate | Amount | Tenure | Processing fee |
|---|---|---|---|---|---|
| Kamakshi Money Personal Loan As of Nov 2026 · source | AVA Finance Private Limited (NBFC) | — | ₹1,000 – ₹50,000 | — | 5% of loan amount in the published representative example (plus documentation fee and GST); final fees shown in the KFS |
| PaisaBoxx Personal Loan As of Nov 2026 · source | Sawalsha Leasing & Finance Pvt Ltd (NBFC), RBI Certificate of Registration No. B.14.02743 | — | ₹5,000 – ₹1 L | — | — |
| DigiCredit Personal Loan As of Nov 2026 · source | Khosya Finlease Private Limited (NBFC) | — | ₹1,000 – ₹50,000 | — | 5% onwards |
| TrueFund Personal Loan As of Nov 2026 · source | Agrim Fincap Private Limited (NBFC-ICC, Base Layer), RBI Reg No. B-14.02333 | — | — | — | — |
| CredMe Personal Loan As of Nov 2026 · source | Exude Vincom Private Limited (NBFC), RBI License Number B-05.01764 | — | ₹5,000 – ₹1.2 L | — | Up to 10% + 18% GST on processing fee |
| JetFund Personal Loan As of Nov 2026 · source | Regency Fincorp Limited (non-deposit taking NBFC), RBI Registration No. B-06.00100 | — | ₹5,000 – ₹1 L | — | Up to 10% of loan amount (exclusive of GST) |
| Poonawalla Fincorp Personal Loan As of Nov 2026 · source | Poonawalla Fincorp Limited (NBFC) | — | — | — | — |
| KreditBuddha Personal Loan As of Nov 2026 · source | Avinash Capital Markets Pvt. Ltd. (NBFC), RBI License Number 05.00580 | — | ₹5,000 – ₹1.2 L | — | 2% + 18% GST per the Rates and Fees table (loan calculator shows up to 10%) |
| CreditSea Personal Loan As of Nov 2026 · source | Partner NBFCs listed by CreditSea, including Meghdoot Mercantile Pvt. Ltd. (NBFC Reg No: B-05.03357) and Chhotaria Securities Pvt. Ltd. (NBFC Reg No: B-05.04798); other listed partners include CP Capital Limited, TapStart Capital Private Limited, Coffers Finvest Ltd and BFL Asset Finvest Limited | 14% – 36% p.a. | ₹6,000 – ₹2 L | — | 2–4.5% of loan amount (the same page also states 'Up to 4%') |
| BrightLoans Personal Loan As of Nov 2026 · source | Avinash Capital Markets Pvt. Ltd. (RBI licence number published as 05.00580) and Unifinz Capital India Ltd. (RBI licence number published as 14.00233) | — | ₹5,000 – ₹1.2 L | — | Up to 10% |
| MoneyDot Personal Loan As of Nov 2026 · source | Finagle Financial Services Private Limited (non-deposit-taking NBFC, RBI CoR No. N-14.03528) | — | ₹5,000 – ₹25,000 | 3 months | — |
| Ram Fincorp Personal Loan As of Nov 2026 · source | R.K. Bansal Finance Private Limited (RBI Registration B-14.00700) | 62% – 365% p.a. | ₹500 – ₹2 L | — | — |
| Orrish Personal Loan As of Nov 2026 · source | Orrish Finance Private Limited (RBI-registered non-deposit-taking NBFC) | — | ₹5,000 – ₹20,000 | — | Up to 10% + GST on the sanctioned amount |
| Prefr Personal Loan As of Nov 2026 · source | Prefr | — | — | 12 – 48 months | — |
| Cashvia Personal Loan As of Nov 2026 · source | Grow Money Capital Private Limited (RBI Registration Number B-14.03064) | — | ₹5,000 – ₹5 L | 3 – 12 months | From 3% |
Who is it for?
- Salaried employees who need funds quickly without pledging an asset
- Self-employed professionals with regular, documented income
- Borrowers consolidating several high-interest debts into one EMI
- Anyone with a planned expense who can repay over 1-5 years
Key features
No collateral
You do not pledge property, gold or deposits. Approval depends on your credit profile and income.
Fixed EMI
Most personal loans have a fixed interest rate and equal monthly instalments, so you know exactly what you will pay.
Fast digital disbursal
Pre-approved and fully digital offers can be disbursed within hours once KYC and the agreement are complete.
Flexible use
Lenders do not usually restrict how you spend the money, except for speculative or illegal purposes.
Eligibility
- Indian resident, typically aged 21 to 60 years (some lenders accept 18+ or up to retirement age)
- Steady income: salaried with a minimum monthly salary set by the lender, or self-employed with ITR-backed income
- A healthy credit score — many lenders prefer 700 or above on the 300-900 CIBIL scale
- Manageable existing debt: total EMIs usually within about 40-50% of take-home income
- Minimum work experience or business vintage as set by the lender
Documents required
- PAN card
- Aadhaar or another officially valid document for identity and address (often verified digitally through e-KYC)
- Salary slips for the last 2-3 months, or ITR for the last 1-2 years if self-employed
- Bank statements for the last 3-6 months
- A selfie or video KYC for fully digital applications
Personal loan EMI calculator
- Monthly EMI
- ₹10,253
- Principal
- ₹3,00,000
- Total interest
- ₹69,118
- Total amount payable
- ₹3,69,118
How to apply
- Compare offers on ClickPe and check your eligibility — this does not affect your credit score.
- Pick an offer and confirm the lender's name, amount, tenure and indicative rate.
- Complete KYC and share income details or bank statements digitally.
- Review the Key Fact Statement and loan agreement, then e-sign.
- Receive the money in your bank account once the lender disburses it.
How personal loan interest rates work
Personal loan rates are risk-based. Banks typically offer their lowest rates to borrowers with high credit scores and stable salaried jobs, while NBFCs and digital lenders may approve thinner credit profiles at a higher rate. The same person can receive quite different offers from different lenders, which is why comparing matters.
Besides interest, lenders charge a processing fee (often a percentage of the loan plus GST) and may charge for late payment, bounce and foreclosure. Before you accept any loan, the lender must give you a Key Fact Statement (KFS) showing the annual percentage rate (APR), every fee and charge, and the full repayment schedule. Compare offers on APR, not on the headline interest rate alone.
Choosing the right amount and tenure
Borrow only what you need. A longer tenure lowers your EMI but increases the total interest you pay. Use the EMI calculator to find the shortest tenure whose EMI fits comfortably in your monthly budget, and keep a buffer for emergencies.
If you expect a bonus or other lump sum, check the lender's part-prepayment and foreclosure terms before you sign.
Your rights when you borrow digitally
Under the RBI's digital lending rules the loan must be disbursed directly into your bank account, all fees must be disclosed in the KFS, and you get a cooling-off period during which you can exit the loan by repaying the principal and proportionate interest without a penalty. ClickPe lists every lending partner and its grievance officer on our partners page.
Frequently asked questions
What is the minimum credit score for a personal loan?
There is no single cut-off. Many banks prefer a CIBIL score of 700 or more, while some NBFCs consider lower scores at higher interest rates. A higher score generally gets you a lower rate and a higher limit.
How quickly can I get a personal loan?
Pre-approved and fully digital personal loans can be disbursed within a few hours of approval. Applications that need manual document checks typically take 1-3 working days.
Does checking personal loan offers on ClickPe affect my credit score?
No. Checking offers is a soft inquiry. The lender runs a hard inquiry only when you submit a full application to it.
Can I repay my personal loan early?
Usually yes. Fixed-rate personal loans may carry a foreclosure or part-prepayment charge, which must be disclosed in your Key Fact Statement and loan agreement. Some lenders allow foreclosure only after a minimum number of EMIs.
Who gives me the loan when I apply through ClickPe?
The loan is sanctioned and disbursed by an RBI-regulated bank or NBFC, whose name is shown on the offer and in the Key Fact Statement. ClickPe is a Lending Service Provider and does not lend.
What happens if I miss an EMI?
The lender may charge a late-payment or bounce charge as set out in your KFS, and the missed payment is reported to the credit bureaus, which can lower your credit score. Contact your lender early if you expect difficulty paying.
Related
ClickPe is a financial marketplace and Digital Lending Service Provider. Loans and cards are sanctioned and issued by RBI-regulated banks and NBFCs; see our lending partners. Using ClickPe is free; we may receive a commission from the lender.