Apply for Instant Personal Loan Online for all your Financial Needs!
With FinMarket, you can get an instant personal loan that’s completely collateral-free. Use it for anything that matters to you. This unsecured loan can help you start a business, pay for higher studies, renovate your home, consolidate debts, cover wedding expenses, take a long-awaited holiday, or pay medical bills.
Our loans are unsecured, meaning No collateral is required. You can borrow from ₹1 lakh up to ₹25 lakhs & more subject to eligibility, with interest rates starting at just 10.25% and repayment periods of up to 60 months.
Why Choose FinMarket for Instant Personal Loan?
- Loan amounts between ₹1 lakh and ₹25 lakhs.
- Quick disbursal, money when you need it the most.
- Zero foreclosure charges.
- Minimal paperwork for a smooth application.
- Interest rates starting from 10.25%.
- NO collateral required.
Features and Benefits of Personal Loan
- Get a personal loan Fast : Our Lenders compete to offer fast approval and immediate disbursal, with funds credited soon after approval.
- No collateral required : An unsecured loan that doesn’t require pledging any asset of monetary value.
- No prepayment charges : Many lenders allow early closure after initial EMIs without extra charges.
- Personal loan tenure : Tenure ranges from 12-60 months, based on profile, age, and repayment capacity. Use our EMI calculator to estimate EMIs, interest, and total payable.
- Multi-purpose instant personal loan : Use for business, education, home renovation, wedding, travel, or medical expenses.
- Tax benefits : Loans for home renovation or property down payments can get up to ₹2 lakh tax deduction under Section 24B on interest paid in a tax year.
- Minimal documentation : Apply personal loan online with minimal documents and get instant approval.
What are the Interest Rates and Other Charges of Personal Loan
| Types of Fees on Loan | Rates and Applicable Charges |
|---|---|
| Interest Rate | Starting from 10.25% p.a |
| Tenure | From 12 to 60 Months (5 Years) |
| Processing Fees | Up to 2% on the disbursed loan amount |
| Prepayment Charges | As per the Bank policies |
Note: * Fees and charges are subject to change from time to time as communicated by the bank.
Personal Loan Interest Rates 2025
Personal loan interest rate is one of the most important factors that determine the selection of a loan offer. Thus, one should always compare interest rates from multiple Banks before settling on a loan offer.
| Banks / NBFC Names | Interest Rate Range | Loan Amount | Tenure | Enquire Now |
|---|---|---|---|---|
| HDFC Personal Loan | 10.50% to 14% | Up to 50 Lakhs | 1 to 5 Years | Apply Now |
| AXIS Personal Loan | 10.50% to 15% | Up to 40 Lakhs | 1 to 5 Years | Apply Now |
| ICICI Personal Loan | 10.50% to 15% | Up to 50 Lakhs | 1 to 5 Years | Apply Now |
| Kotak Personal Loan | 10.50% to 15% | Up to 30 Lakhs | 1 to 5 Years | Apply Now |
| Standard Chartered Personal Loan | 11.25% to 18% | Up to 50 Lakhs | 1 to 5 Years | Apply Now |
| Bajaj Finserv Personal Loan | 11.25% to 35% | Up to 40 Lakhs | 1 to 5 Years | Apply Now |
| SBI Personal Loan | 11.25% to 14% | Up to 20 Lakhs | 1 to 5 Years | Apply Now |
| IDFC Personal Loan | 11.50% to 28% | Up to 40 Lakhs | 1 to 5 Years | Apply Now |
| Tata Capital Personal Loan | 10.50% to 18% | Up to 35 Lakhs | 1 to 5 Years | Apply Now |
| YES Personal Loan | 10.50% to 18% | Up to 40 Lakhs | 1 to 5 Years | Apply Now |
| BOB Personal Loan | 10.50% to 18% | Up to 40 Lakhs | 1 to 5 Years | Apply Now |
| PNB Personal Loan | 10.50% to 18% | Up to 40 Lakhs | 1 to 5 Years | Apply Now |
| IndusInd Personal Loan | 10.25% to 18% | Up to 50 Lakhs | 1 to 5 Years | Apply Now |
| Aditya Birla Personal Loan | 11.50% to 18% | Up to 35 Lakhs | 1 to 5 Years | Apply Now |
| Finnable Personal Loan | 18.50% to 32% | Up to 5 Lakhs | 1 to 5 Years | Apply Now |
| Paysense Personal Loan | 18.50% to 32% | Up to 5 Lakhs | 1 to 5 Years | Apply Now |
| Incred Personal Loan | 18.50% to 32% | Up to 5 Lakhs | 1 to 5 Years | Apply Now |
Note: * The annual interest rate and loan amount will vary depending on the customer's risk profile and the tenure chosen.
Personal Loan Eligibility Criteria
To get a personal loan you must meet the following criteria:
- You must be a citizen of India.
- Age must be between 21 and 55 years.
- Employed with a public or private organization.
- Minimum Income must be above Rs. 25,000 per month.
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Age (Primary applicant) | 21 years to 55 years | 21 years to 55 years |
| Net Monthly Income | Rs.25,000/- | Rs.50,000/- |
| Loan Tenure | Up to 5 years | Up to 5 years |
| CIBIL Score | Above 700 | Above 700 |
| Minimum Loan Amount | Rs.1,00,000 | Rs.1,00,000 |
| Maximum Loan Amount | Rs.25 lakh | Rs.30 lakh |
| Work Experience | Employed at current employer for 6 to 12 months. | Business tenure of 3 years (continuous) & ITR of last 3 years. |
Note: * The instant personal loan eligibility criteria and factors will vary from lender to lender.
Already paying a high-interest personal loan? Shift it to us through our balance transfer option and enjoy better terms.
Personal Loan Top Up
A Personal Loan top-up loan is an additional amount you borrow on your existing personal loan. If you are currently paying a loan, you can easily get a top-up loan. Most lenders in India offer these at the same interest rate as your existing loan, with simple documentation and quick approval.
Key Features & Benefits of Personal Loan Top up
- Attractive interest rates.
- Personal loan top-up facility.
- Minimal paperwork, fast approval.
- flexible tenure.
- No collateral required.
- Helps consolidate outstanding debt.
Personal Loan Balance Transfer
With a personal loan balance transfer, you can transfer your current loan to another lender offering better interest rates. Apply for balance transfer personal loan online at Finmarket.in for a simple and hassle-free process.
Key Features & Benefits of Personal Loan Balance Transfer
- Lower interest rates.
- Option for top up loan on personal loan.
- Zero processing fee or last EMI waiver with select offers.
- Quick transfer with minimal documentation.
- Option to extend repayment tenure.
Tips and Recommendations for Applying a Personal Loan
- Maintaining a favorable CIBIL CIBIL should be above 700+, higher score chances to improve fast loan approval chances. /credit score, ideally above 700.
- Assess your needs and determine how much you actually need to borrow.
- Make sure you check the lender’s eligibility criteria to avoid wasting time applying for loans you don't qualify for.
- Check at least 3 other financial institutions to compare their interest and offer rates so you can pick the best deal.
- Make sure to understand all the fees that will be charged and only apply for the amount you actually need for the loan.
- You shouldn't apply to multiple lenders at the same time; that will hurt your credit score.
- Follow the guidelines you set for yourself to avoid FOMO spending.
- Ensure that the loan does not breach your FOIR. (Fixed Obligation to Income Ratio).
- Affirm with the lender that you can prepay or foreclose before the loan is fully paid.
- Go over the loan document (Sanction letter) in detail so you understand everything and clarify anything you don’t understand.
- Make sure you can pay the loan before asking someone to co-sign for you.
- You should wait 6 months before applying again after a decline.
Note: * Loan terms differ for each lender so your actual personal information will determine your risk profile at the time of applying.
What are the Documents Required for Personal Loan ?
| Criteria | Salaried | Self-Employed |
|---|---|---|
| Identity Proof | Passport, Voter's ID, Driving License or PAN Card | Passport, Voter's ID, Driving License or PAN Card |
| Residence Proof | Passport or utility bills | Passport or utility bills |
| Income Proof | Past 6 months Bank statement of salary account and 3 Months payslips (Latest) | Past two years audited financial statement |
What are the Personal Loan Documents Required for NRI ?
- Passport copy
- Visa copy
- Bank statements
- Salary certificate
- Official email id or the email id of the hr.
- Nro/nre bank statements of the last 6 months
- Proof of identity, residence, income, and assets
- Recent passport photographs of yourself and the guarantors
Note: * Wherever the details regarding interest rates, processing fees and tenure are mentioned, they may differ as per the lenders' discretion. The actual eligibility will be determined based on the borrowers' risk profile during the loan application process.
FAQ’s on Personal Loan
How can I apply for a Personal Loan?
Applying for a loan with FinMarket is simple. Fill out our online application form by clicking on Apply Now and submitting it. Based on your requirements, customized offers will be presented for you to choose from. Once you select an offer, submit the required documents, our lenders approve the loan and disburse the funds directly to your bank account.
Will I have to visit a bank to get a Personal Loan?
No, you don’t need to visit the bank to apply for a personal loan. Simply visit our website https://finmarket.in and apply online. After you submit the form, our loan specialists will contact you to guide you until loan disbursal.
Can I take a Top-up on existing Personal Loans?
Yes, you can get a top-up on your existing personal loan if you have paid at least 12 EMIs. For further support, please reach out to our Customer Care number: Call 1800-572-2132 (available from 10:00 a.m. to 6:30 p.m.).
What is a Personal Loan EMI Calculator?
A personal loan EMI calculator helps you estimate your monthly installments and interest with ease. It’s a tool to determine the loan amount and tenure before applying for a personal loan.
Can I apply for a personal loan without producing any security or collateral documents?
Yes, personal loans are unsecured and do not require any collateral or security.
What is the minimum and maximum amount you can borrow with a personal loan?
You can apply for a personal loan ranging from ₹1,00,000 to ₹50,00,000, depending on your eligibility, income, and repayment capacity.
Will I need to visit a bank to get a personal loan?
Our loan specialists are ready to assist you. Simply call our customer care at 1800-572-2132. If you prefer in-person assistance for urgent matters, you are welcome to visit our branches.
Is my Data Safe with finmarket.in
FinMarket is committed to protecting customer privacy and has implemented measures aligned with industry best practices to safeguard the confidentiality of your information. The company is not liable for any disclosure made in accordance with its Privacy Policy or the Terms of Use of this website.
Can I choose the Loan amount and tenure of my Loan?
Yes, you can choose the loan amount and tenure based on the eligibility criteria.
Is security or collateral required to apply for a personal loan?
No, personal loans are unsecured, so you don’t need to provide any security or collateral to apply.
How long do I have to be employed to get a personal loan?
You need to have work experience of at least 2 years. This varies from one Bank to another.
What is the minimum work experience required to get a personal loan?
You must have at least 2 years of work experience, though the requirement may vary between banks.
Does a personal loan offer tax benefits?
Generally, personal loans do not offer any tax exemption.
My question is not listed here.
Our loan specialists are ready to assist you. Simply call our customer care at 1800-572-2132.