Apply Instant Personal Loan from 30+ Banks & NBFCs
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Approval & Disbursement
Enter Your Loan Amount
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10 Lakh +
Happy Customers -
500 Cr+
Loan Disbursed -
18000+
Pincodes Across India
Why should I Apply Personal Loan @ Fincover?
- Compare personal loans offer from 30+ banks & NBFCs Before Apply
- Complete Information About the loan Details & offers before Login
- Dedicated Relationship Manager From Login till Disbursement
- Whatsapp Support 24/7* for Loan Application Tracking
Loan Amount
upto ₹ 40 Lakhs
Interest Rate
10.85% - 24%
Tenure upto
12 to 72 months
- Low Processing Fee
- 750+ CIBIL Score
- 65% FOIR
- 1 Day Approval
Loan Amount
upto ₹ 40 Lakhs
Interest Rate
10.99% - 19%
Tenure upto
12 to 60 months
- Minimum 1 Loan Track
- 70% FOIR
- 20Mins Approval
IndusInd Bank
Loan Amount
upto ₹ 50 Lakhs
Interest Rate
10.49% - 12.99%
Tenure upto
12 to 72 months
DBS Bank
Loan Amount
upto ₹ 15 Lakhs
Interest Rate
10.99 %
Tenure upto
12 to 60 months
- No Address Proof Required
- No Company Listing Needed
- 750+ CIBIL Score
- Min 1 year Loan Track
Axis Bank
Loan Amount
upto ₹ 40 Lakhs
Interest Rate
11.1%
Tenure upto
12 to 84 months
ICICI Bank
Loan Amount
upto ₹ 50 Lakhs
Interest Rate
10.85% to 16.65%
Tenure upto
12 to 72 months
Kotak Bank
Loan Amount
upto Rs 35 Lakhs
Interest Rate
10.99%
Tenure upto
12 to 72 months
YES Bank
Loan Amount
upto Rs 50 Lakhs
Interest Rate
11.25% - 21%
Tenure upto
12 to 72 months
Standard Chartered Bank
Loan Amount
upto ₹ 40 Lakhs
Interest Rate
11.49%
Tenure upto
12 to 72 months
Interest Rate
15% - 29%
Loan Amount
upto Rs.10L
- Instant Approval & Credited in 4Hrs
- Unlisted Company
- Min Net Salary 15K
Interest Rate
14 % - 29%
Loan Amount
upto Rs.10L
- Instant Approval
- Unlisted Company
- Min Net Salary 15K
Interest Rate
12% - 24%
Loan Amount
upto Rs.30L
- Income + Bonus Considered
- Unlisted Company
Interest Rate
Starting 12.99% (p.a.)
Loan Amount
upto Rs.20L
Interest Rate
10.99% - 28%
Loan Amount
upto Rs.35L
Interest Rate
11.49% - 19%
Loan Amount
upto Rs.30L
Interest Rate
13% onwards
Loan Amount
upto Rs.25L
Interest Rate
16.8% - 33%
Loan Amount
upto Rs.5L
Compare Banks Personal Loan Interest rates 2025
Know the Basics of Personal Loans Before You Apply!
What is Personal Loan?
A personal loan is a direct unsecured credit product provided to the public by banks and Non-Banking Finance Companies/NBFCs for personal use. It is an unsecured product which means borrower doesn’t need to provide a guarantee. These are effective if you need to make short-term purchase or if you have to make a long-term investment. The disbursal of personal loan and amount depends on various parameters such as your income, credit worthiness and repayment capability. Today there are many establishments that offer instant personal loan to eligible candidates.
Suggested Read – What is Personal Loan?
Personal loans are extraordinarily flexible, so they can meet almost any need – a wedding, illness, renovation of your home or plan a vacation. In case of an urgent medical needs or, when you need a large amount for some particular expenditure; it may be convenient to apply for a personal loan online. You may need to repay the personal loan with an interest rate which will be charged along with your principal in the monthly EMI.
There are a couple of tools that may come in handy if you plan your financing properly, such as a Personal Loan Calculator or in other words Personal Loan EMI Calculator. They give you the payment schedule and the amounts of interest that you are supposed to pay; hence you can avoid taking a loan that costs you more.
- Personal loan
- What is Personal loan
- Unsecured Loans
- Pre-Approved Loans
- Personal Loan in 10 Mins
- NBFC Personal Loan
- Personal loan documents
- Personal loan eligibility Check
- FOIR Calculator
- Personal loan Interest Rates
- Lowest interest Personal Loan
- Personal loan EMI calculator
- PL Balance Transfer
- Instant Personal loans
- Paperless Personal loans
- Best Personal Loans 2025
- Flexi Personal loans
- Best Personal Loan Apps
- RBI Approved Loan Apps
- Rs.50 lakh Personal Loan
- Rs.40 lakh Personal Loan
- Rs.30 lakh Personal Loan
- Rs.25 lakh Personal Loan
- Rs.20 lakh Personal Loan
- Rs.15 lakh Personal Loan
- Rs.12 lakh Personal Loan
- Rs.10 lakh Personal Loan
- Rs.8 lakh Personal Loan
- Rs.7 lakh Personal Loan
- Rs.6 lakh Personal Loan
- Rs.5 lakh Personal Loan
- Rs.4 lakh Personal Loan
- Rs.3 lakh Personal Loan
- Rs.2 lakh Personal Loan
- Rs.1 lakh Personal Loan
- Rs.50,000 Personal Loan
- Personal loan for salaried
- PL for IT Professionals
- Personal Loan for CA
- Personal Loan For Marriage
- Personal Loan For Women
- Personal Loan for Doctors
- Personal Loan for Pensioners
- PL for Defence Personnel
- Personal Loan for Low Salary
- PL for Home Renovation
- PL for Medical Emergency
- Personal Loan for NRI
- Personal Loan for CA
- PL for Debt Consolidation
What are Types of Personal Loans?
Certainly! There are several types of personal loans, each designed to meet different financial needs. Here are some common types of personal loans.
Unsecured Personal Loans
These loans do not require collateral, meaning you don't need to provide any assets (like a house or car) as security. Lenders gauge your creditworthiness based on factors like credit score, income, and employment history and then arrive at your personal loan eligibility
Secured Personal Loans
Unlike unsecured loans, secured loans require collateral. This could be your home, car, savings account, or other valuable assets. Banks would require Security for candidates with low credit score and poor repayment records
Fixed-Rate Personal Loans
With a fixed-rate loan, the interest rate remains constant throughout the entire loan term. This provides predictability in monthly payments. The borrowers would know what exactly they are paying out of hand
Variable-Rate Personal Loans
Variable-rate loans have interest rates that can vary over time, often in response to changes in a benchmark interest rate. This means your monthly EMI is subject to change. Normally, borrowers wouldn’t prefer this kind of loan
Debt Consolidation Loans
These loans are specifically used to consolidate multiple high interest debts such as personal loans or credit card outstanding into a single loan. This can simplify your repayments as the interest rate would be low and would potentially save money.
Home Improvement Loans
These loans are tailored for financing home improvement projects. They may be secured (using your home as collateral) or unsecured, depending on the lender's terms. Streamline your finances by focusing on one repayment
Medical Loans
Designed to cover medical expenses not covered by insurance, these loans can help individuals manage unexpected healthcare costs. A sudden financial crunch may land you in the soup, in such cases a medical loan might be your much needed saviour
Education Loan
Accessing world-class universities for education often entails substantial charges. The associated costs might be overwhelming for any candidate. Education loans relieves the burden of taking care of your study expenses
Wedding Loans
It’s everyone’s dream to make their wedding memorable. Wedding loans are intended for covering marriage expenses, these loans give an opportunity to host the special day in a way you wanted. Get Wedding loans without a hassle in few steps
Travel Loans
Nothing is quite memorable and long-lasting than a well-planned travel. Travel to your dream destination, explore new places and make life-long memories with Travel Loan. They allow you to spread the cost of a trip over time
Emergency Loans
Life is unpredictable, very often comes a situation where we would be found wanting for money with no help in sight. Emergency loans provide quick access to funds for unforeseen expenses or emergencies, offering a financial safety net.
Business Loans for Individuals
Some lenders offer personal loans for individuals looking to start or expand their own businesses. These loans can cover various business expenses, from equipment purchases to operational costs, helping entrepreneurs attain their business goals
Personal Loan Eligibility for Salaried vs Self-Employed
Personal loans are provided mainly to individuals and not to business entities. It can be taken by both salaried and non-salaried individuals. However, the eligibility differs in each case.
Criteria | Salaried Individuals | Self-Employed Individuals |
---|---|---|
Age | 21 to 65 years (may vary slightly by lender) | 24 to 80 years (may vary slightly by lender) |
Nationality | Resident Indian | Resident Indian |
Minimum Income | Varies by lender (typically ₹20,000 per month or more) | Varies by lender (may require proof of sufficient income to support loan repayment) |
Employment Status | Minimum 1 year of experience, with at least 1 year in current organization | Minimum 3 years of business experience, with overall 5+ years of business experience preferred |
Credit Score | Minimum score of 750 or higher (may vary by lender) | Minimum score of 685 or higher (may vary by lender) |
Additional Documents | Salary slips, employment certificate, bank statements | Business registration documents, income tax returns, bank statements |
Suggested Read – Personal Loan Eligibility Calculator
What are the Documentation Required for Personal Loan?
Category | Salaried Individuals | Self-Employed Individuals |
Identity Proof | * PAN Card * Aadhaar Card * Voter ID Card * Driving License * Passport | * PAN Card * Aadhaar Card * Voter ID Card * Driving License * Passport |
Address Proof | * Aadhaar Card * Passport * Driving License * Utility Bill (not older than 3 months) | * Aadhaar Card * Passport * Driving License * Utility Bill (not older than 3 months) * Ration Card |
Income Proof | * Latest 3 months’ salary slips * Bank statements of salary account for the last 3 months * Form 16 (if available) | * Latest Income Tax Returns (ITR) * Audited financial statements for the past 2 years * Bank statements for the last 6 months (savings and current accounts) |
Employment Proof | * Appointment letter * Latest salary certificate | * Business registration documents (if applicable) * GST registration certificate (if applicable) * Shop & establishment act certificate (if applicable) |
Additional Documents | * 2 Passport-sized photographs * Application form duly filled | * Office address proof (if applicable) * Proof of business continuity (if applicable) |
Suggested Read – Personal Loan Documents Required
Pros and Cons of Taking a Personal Loan
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Debt Consolidation Made Easy
Personal loans are an effective instruments for consolidating high-interest debt from multiple loans and credit cards into one payable EMI. By using a Personal Loan EMI Calculator, you can plan your repayment in a much better way and ensure you do not exceed monthly budget
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Instant Access to Funds
With the option of an Instant Personal Loan, you can secure funds required for any requirement, making it an ideal choice for handling unexpected expenses or any emergency situation
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Flexible Usage
A personal loan offers unmatched flexibility compared to loans that come with restricted end usage. Whether it’s for home renovation, medical expenses, or for any other emergency purpose, you can tailor the loan to meet your needs. Use a Personal Loan Calculator to determine the ideal amount you can pay
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No Collateral Required
As an unsecured loan, personal loans do not require you to mortgage any properties like your house. This eliminates the risk of losing your property also satisfying your personal need. All you have to do is check whether your qualify for the personal loan eligibility
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High Interest Costs
Personal loans come with higher interest rates, especially if your credit score is less than the preferred credit score of 750. By using a Personal Loan EMI Calculator, you can estimate the total cost of the loan and check whether it is affordable
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Added Debt Burden
Taking a personal loan increases your debts, which could be a huge strain on your monthly budget. It’s essential to check your affordability before applying for an Instant Personal Loan online.
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Risk of Credit Default
Failing to repay your personal loan on time can result in penalties, big damage to your credit score, and potential loss of credit opportunities. Regularly calculate your repayments with a Personal Loan Calculator to ensure you repay the personal loan on time
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Temptation to Overspend
Since personal loans are ubiquitous and it is easier to obtain them online, one might be tempted to borrow more than what they need. Credit Mismanagement can lead to debt trap. Tools like a Personal Loan EMI Calculator can help plan your finances wisely.
What are all the Personal Loan Repayment Options?
- Fixed Monthly Payments (EMIs)
This is the standard repayment method where you pay a consistent amount every month for the loan’s duration. Every EMI includes a component of principal and interest rate and you move steadily towards the repayment. - Partial Prepayment
By making additional payments beyond your regular EMIs, you can drastically cutdown the personal loan balance. This not only shortens the repayment term but also helps save on overall personal loan interest costs. - Loan Foreclosure
Many lenders provide the option to foreclose the loan before the end of its tenure. While this can eliminate future interest payments, preclosure is usually subject to certain charges, so it’s essential to check all the charges associated with personal loan online before doing so - Automated Payments
Set up an automatic payment system directly from your bank account by issuing a mandate. This ensures on-time EMI payments, helps you avoid late fees, and maintain a positive credit record.
Personal Loan Application Process @ Fincover?
To apply for a personal loan online at Fincover, follow these steps,
- Visit www.Fincover.com
- Hover on “Loans” and Click on “Personal Loans”-> “Apply for Personal loan”
- Select the type of profession, Enter your Net Monthly Salary, Select the Loan amount required, Select the type of residence
- Enter your Personal details such as Name, mail ID, Pincode, PAN, and state
- Confirm your registration with an OTP
- A lead will be created, and the customer care agents will contact you to seek documents and find offers from suitable banks or NBFCs. after which your loan will be processed.
Know How to Borrow Responsibly
Here are some key principles of responsible borrowing
Borrow Only What You Need
Take out a loan for a specific purpose and borrow only the amount required to meet that need. Avoid taking on unnecessary debt.
Avoid Multiple Simultaneous Loans
Taking on multiple loans at once can lead to financial strain. Consider whether you can comfortably manage the repayments before taking on additional debt.
Regularly Review Your Financial Situation
Periodically assess your financial standing and adjust your borrowing habits accordingly. This helps ensure that you're on track towards achieving your financial goals.
What are the Personal Loan Processing Fees and Charges?
Charge Type | Details |
---|---|
Processing Fee | 1% to 3% of the loan amount (varies by lender). Minimum ₹1,000 to ₹5,000. |
Prepayment Charges | 2% to 5% of the outstanding principal if prepayment is allowed. |
Late Payment Fee | 2% to 4% per month on the overdue EMI amount. |
Loan Cancellation Fee | ₹1,000 to ₹5,000 (plus applicable taxes), depending on the lender. |
Part-Payment Charges | 2% to 5% of the part-payment amount (if part-payment is allowed). |
Legal and Documentation Fees | ₹500 to ₹2,500 (may vary based on the lender’s policy). |
Cheque Bounce Charges | ₹500 to ₹1,000 per bounced cheque. |
Loan Statement Charges | ₹200 to ₹500 for additional or duplicate statements. |
Stamp Duty | As per state laws (varies by location). |
Foreclosure Charges | 2% to 5% of the outstanding loan amount (if allowed before loan tenure). |
Comparing Personal Loans vs. home Loans, vs. Credit Cards
Feature | Personal Loan | Home Loan | Credit Card |
---|---|---|---|
Purpose | Various personal needs (consolidation, emergencies, major purchases) | Purchase or refinance a home | Ongoing purchases and expenses |
Amount | Typically smaller amounts (₹1 lakh – ₹25 lakh) | Larger amounts (₹50 lakh – ₹5 crore+) | Limits set by issuer (typically ₹50,000 – ₹5 lakh+) |
Interest Rate | Generally higher (10% – 24%) | Generally lower (6% – 9%) | Very high (15% – 40%) |
Term | Shorter terms (1 – 5 years) | Longer terms (15 – 30 years) | Revolving credit (no fixed term) |
Collateral | Usually unsecured (no collateral required) | Secured by your home | Unsecured |
Application Process | Relatively simpler and faster | More complex and lengthy | Instant approval for existing cardholders |
Approval Criteria | Credit score, income, employment stability | Credit score, income, debt-to-income ratio, property value | Credit score, spending history |
Fees | Processing fees, origination fees, late payment fees | Processing fees, prepayment fees, legal fees | Annual fees, late payment fees, cash advance fees |
Early Repayment | May allow part-prepayment or foreclosure (subject to fees) | May allow prepayment (subject to fees) | Minimum payment due each month |
Our
Happy Customers Reviews
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Name: Rakesh Kumar
Occupation: Software Engineer
Location: Bangalore, India
Financial Need:
Rakesh Kumar, a talented software engineer, aimed to pursue higher studies abroad to enhance his skillset. The program required a substantial investment of INR 15 lakhs for tuition fees and living expenses. Having planned diligently, Rakesh was short of this amount.
Solution – Fincover Personal Loan:
Rakesh approached Fincover for financial assistance. After a detailed assessment of his creditworthiness, income stability, and repayment capability, he was offered a tailored personal loan solution.
Loan Details:
- Loan Amount: INR 15 lakhs
- Interest Rate: 11% per annum
- Loan Tenure: 5 years
Results:
With the support of Fincover’s personal loan:
- Rakesh successfully funded his education abroad.
- He completed the program and returned with advanced skills.
- Leveraging his newfound expertise, Rakesh secured a high-paying job in a multinational company.
- He managed his loan repayments seamlessly, building a strong credit history in the process.
Testimonial from Rakesh Kumar:
“Fincover was the financial backbone I needed to realize my aspirations. Their personalized loan helped me accomplish my dream of studying abroad. I’m grateful for their support, which ultimately paved the way for my career growth.”
Name: Priya Sharma
Profession: Marketing Manager
Location: Mumbai, India
Financial Requirement:
Priya Sharma, a dedicated marketing manager, aimed to renovate her home to accommodate her growing family. The estimated cost for the renovation project was INR 8 lakhs, which included refurbishing the kitchen, expanding a bedroom, and enhancing the living space.
Fincover Personal Loan Solution:
Facing a shortfall in funds for the renovation project, Priya turned to Fincover for financial assistance. After a thorough evaluation of her financial stability and creditworthiness, Fincover offered her a tailored personal loan to meet her requirements.
Loan Details:
- Loan Amount: INR 8 lakhs
- Interest Rate: 10.5% per annum
- Loan Tenure: 4 years
Outcomes:
With the support of Fincover’s personal loan:
- Priya successfully renovated her home, creating a comfortable and spacious environment for her family.
- The loan process was smooth and efficient, enabling her to manage the expenses without stress.
- Priya repaid the loan in regular instalments, improving her credit history and financial credibility.
Priya Sharma’s Testimonial:
“Fincover truly understood my needs and provided the financial support required for my home renovation. Their personalized loan solution made the process hassle-free, and I’m delighted with the results. Thank you, Fincover, for helping me turn my house into a dream home!”
- Loan Amount: Up to ₹40 Lakh
- Interest Rate: 10.85% to 24.00% per annum (fixed rate)
- Tenure: 12 to 72 months
- Processing Fee: Up to ₹6,500 + GST
for more – https://shorturl.at/eMTtL
- Loan Amount: Up to ₹40 Lakh
- Interest Rate: Starting from 10.99% per annum
- Tenure: 12 to 60 months
- Processing Fee: Up to 3.5% of the loan amount
- Foreclosure Charges: Up to 5% of the principal outstanding after payment of 9 or more EMIs
for more – https://rb.gy/76hkgp
- Loan Amount: ₹30,000 to ₹50 Lakh
- Interest Rate: Starting from 10.49% per annum
- Tenure: 12 to 72 months
- Processing Fee: Up to 3.5% of the loan amount
for more – https://tinyurl.com/mstfamrk
- Loan Amount: ₹25,000 to ₹15 Lakh
- Interest Rate: Starting from 10.99% per annum
- Tenure: 12 to 60 months
- Processing Fee: Up to 3% of the loan amount + GST
- Foreclosure Charges: 2% to 4.5% of the principal outstanding (depending on loan tenure)
for more – https://shorturl.at/C60Yk
- Loan Amount: Up to ₹40 Lakh
- Interest Rate: Starting from 11.1% per annum
- Tenure: 12 to 84 months
- Processing Fee: Up to 2% of the loan amount + GST
- Prepayment/Foreclosure Charges: 3% of principal outstanding (if 36 or fewer EMIs paid), 2% (if more than 36 EMIs paid)
for more – https://shorturl.at/G8OVx
- Loan Amount: Up to ₹50 Lakh
- Interest Rate: 10.85% to 16.65% per annum
- Tenure: 12 to 72 months
- Processing Fee: Up to 2% of the loan amount + applicable taxes
- Prepayment/Foreclosure Charges: 3% (up to 24 months loan seasoning), Nil (after 24 months loan seasoning)
for more – https://shorturl.at/aiEcf
- Loan Amount: Up to ₹35 Lakh
- Interest Rate: Starting from 10.99% per annum
- Tenure: 12 to 72 months
- Processing Fee: Up to 5% of the loan amount + applicable taxes
for more – https://shorturl.at/7hDX9
- Loan Amount: Up to ₹50 Lakh
- Interest Rate: 11.25% to 21% per annum
- Tenure: 12 to 72 months
- Processing Fee: Up to 2.5% of the loan amount
- Prepayment/Foreclosure Charges:
- 13-24 months: 4% of principal outstanding
- 25-36 months: 3% of principal outstanding
- 37-48 months: 2% of principal outstanding
- More than 48 months: No charges
for more – https://bit.ly/4gxjIgX
- Loan Amount: Up to ₹40 Lakh
- Interest Rate: Starting at 11.49% per annum
- Tenure: Up to 6 years
- Processing Fee: Up to 2.25% of the loan amount (50% discount on online applications)
for more – https://rb.gy/12d2wb
பர்சனல் லோன் (Tamil)
10.49% வட்டி விகிதத்தில் ₹50 லட்சம் வரை தனிநபர் கடனுக்கு ஆன்லைனில் விண்ணப்பிக்கவும்.
पर्सनल लोन
(Hindi)
10.49% ब्याज दर पर ₹50 लाख तक के व्यक्तिगत ऋण के लिए ऑनलाइन आवेदन करें। 30+ बैंकों और एनबीएफसी के ऑफर की तुलना करें और पात्रता की जांच करें
ಪರ್ಸನಲ್ ಲೋನ್ (Kannada)
30+ ಬ್ಯಾಂಕುಗಳು ಮತ್ತು NBFCಗಳಲ್ಲಿ ₹50 ಲಕ್ಷದವರೆಗೆ ವೈಯಕ್ತಿಕ ಸಾಲವನ್ನು 10.49% ಬಡ್ಡಿದರದಲ್ಲಿ ಆನ್ಲೈನ್ನಲ್ಲಿ ಪಡೆಯಬಹುದು.
వ్యక్తిగత రుణం (Telugu)
10.49% వడ్డీ రేటుతో ₹50 లక్షల వరకు వ్యక్తిగత రుణానికి ఆన్లైన్లో అప్లై చేయండి. 30+ బ్యాంకులు & NBFCల ఆఫర్లను పోల్చి, మీ అర్హతను తనిఖీ చేయండి.
Personal Loan (English)
Personal Loan | Apply for personal loans online up to ₹50 Lakhs at 10.49% interest rate. Compare offers from 30+ banks and NBFCs and Check Eligibility