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Pre-loan Eligibility checker
Last updated on: July 22, 2025
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Read BioNeed Rs.1 Lakh Personal Loan Urgently? Enjoy fast approval, flexible repayment options, and no collateral requirements. Apply today for financial freedom!
Whether you need funds for a planned spending or an emergency requirement, you can avail Personal Loan to meet the expenses. At Fincover, we understand that life’s demands can sometimes catch you off guard. That’s why we have developed a platform that has curated the best loan offers from multiple lenders at one roof. You can avail personal loans of 1 Lakh easily in few steps at an affordable interest by submitting minimal documents.
| Bank | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| DBS Bank | 10.99% – 30.00% | ₹25,000 to ₹15 Lakhs | 1%–3% + GST | 24–48 hrs | Apply |
| HDFC Bank | 10.90% – 24.00% | ₹50,000 to ₹40 Lakhs | Up to ₹6,500 + GST (~1–3%) | 24–48 hrs | Apply |
| Axis Bank | From ~11.25% | ₹50,000 to ₹15 Lakhs | 1.5%–2% + GST | 24–72 hrs | Apply |
| ICICI Bank | 10.80% – 16.65% | Up to ₹50 Lakhs | 0.5%–2% + GST | 24–48 hrs | Apply |
| Bank of Baroda | 10.49% – 18.75% | ₹30,000 to ₹20 Lakhs | Up to 2% + GST | 48–72 hrs | Apply |
| SBI | 10.30% – 15.30% | ₹10,000 to ₹35 Lakhs | Up to 1.5% + GST | 2–3 working days | Apply |
| IndusInd Bank | From 10.49% | ₹30,000 to ₹50 Lakhs | Up to 3.5% (2% online) + GST | 24–48 hrs | Apply |
| Yes Bank | 10.99% – 21% | ₹100,000 to ₹40 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| Standard Chartered | 11.49% – 17% | ₹1 Lakh to ₹50 Lakhs | Up to 2.25% + GST | 48–72 hrs | Apply |
| IDFC FIRST Bank | 9.99% – ~10.75% | ₹1 Lakh to ₹50 Lakhs | Up to 3.5% + GST | 24–48 hrs | Apply |
| Kotak Mahindra Bank | From 10.99% | ₹50,000 to ₹40 Lakhs | 1%–2.5% + GST | 24–48 hrs | Apply |
| Punjab National Bank | 11.50% – 17.05% | Up to ₹20 Lakhs | Up to 1% + GST | 2–3 days | Apply |
| Bandhan Bank | 10.50% – 12.55% | ₹50,000 to ₹25 Lakhs | Up to 3% + GST | 48–72 hrs | Apply |
| NBFC | Interest Rate | Loan Amount | Processing Fee | Processing Time | Apply |
|---|---|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | 2%–3% + GST | 24–72 hrs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Up to 2.5% + GST | 24–48 hrs | Apply |
| InCred | From 18% | Up to ₹10 Lakhs | 2%–4% + GST | Instant to 24 hrs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Up to 3% + GST | 24–48 hrs | Apply |
| Poonawalla Fincorp | From 9.99% | Up to ₹30 Lakhs | 1%–2% + GST | 24–72 hrs | Apply |
| Fullerton India | From 11.99% | Up to ₹25 Lakhs | Up to 3% + GST | 1–2 working days | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Up to 2.5% + GST | 1–2 days | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Up to 3% + GST | 2–3 days | Apply |
| Aditya Birla Finance | From 11.99% | Up to ₹50 Lakhs | Up to 2.5% + GST | 48–72 hrs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Up to 4% + GST | 24–72 hrs | Apply |
Loan Amount: Rs.1 Lakh
Rate of Interest (ROI): 10.5%
| Tenure | EMI amount at Interest rate of 10.5% |
|---|---|
| 1 year | Rs. 8,814 |
| 2 years | Rs. 4,637 |
| 3 years | Rs. 3,250 |
| 4 years | Rs. 2,560 |
| 5 years | Rs. 2,149 |
| 6 years | Rs. 1,877 |
| 7 years | Rs. 1,686 |
To apply for a personal loan of ₹1 Lakh on Fincover, follow these steps:
Following these steps will help you apply efficiently and receive your loan quickly.
To be eligible for a personal loan, you typically need to meet the following criteria:
| Eligibility Criteria | Details |
|---|---|
| Minimum Age | 21 years |
| Maximum Age | 60 years (at the time of loan maturity) |
| Minimum Monthly Salary | ₹20,000* |
| Employment Type | Salaried or Self-Employed |
| Minimum Work Experience | 1 year for salaried |
| Credit Score | 650 or above* |
| Resident Status | Indian citizen |
| Required Documents | ID proof, Address proof, Income proof, Bank statements |
| Document Type | Details |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Passport, or Voter ID |
| Address Proof | Aadhaar Card, Utility Bill, Rent Agreement, or Passport |
| Income Proof | Latest 3 months’ salary slips |
| Bank Statements | Last 6 months’ bank statements |
| Employment Proof | Employment ID card or Offer Letter |
| Photographs | Recent passport-sized photographs |
1. How to get ₹1 Lakh immediately?
To get ₹1 Lakh immediately, consider applying for a personal loan online with instant approval options. You can also explore other options such as payday loans or borrowing from family and friends. Ensure you have all necessary documents ready to expedite the process.
2. How to get ₹1 Lakh in an emergency?
In an emergency, the fastest way to get ₹1 Lakh is by applying for an online personal loan with quick disbursement. Look for lenders offering instant approval and immediate fund transfer. Ensure you meet the eligibility criteria and have all required documents readily available.
3. What is the EMI for a ₹1 Lakh loan?
The EMI for a ₹1 Lakh loan depends on the loan tenure and interest rate. For example, at an interest rate of 10.99% per annum for a 12-month tenure, the EMI would be approximately ₹8,879. Use an EMI calculator to get precise figures based on your specific terms.
4. Who is eligible for a ₹1 Lakh loan?
Eligibility for a ₹1 Lakh loan typically includes:
Our hassle-free personal loan ensures fast approval and flexible terms. Apply now for financial freedom!
Written by Prem Anand, a content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors.
Prem Anand is a seasoned content writer with over 10+ years of experience in the Banking, Financial Services, and Insurance sectors. He has a strong command of industry-specific language and compliance regulations. He specializes in writing insightful blog posts, detailed articles, and content that educates and engages the Indian audience.
The content is prepared by thoroughly researching multiple trustworthy sources such as official websites, financial portals, customer reviews, policy documents and IRDAI guidelines. The goal is to bring accurate and reader-friendly insights.
This content is created to help readers make informed decisions. It aims to simplify complex insurance and finance topics so that you can understand your options clearly and take the right steps with confidence. Every article is written keeping transparency, clarity, and trust in mind.
Based on Google's Helpful Content System, this article emphasizes user value, transparency, and accuracy. It incorporates principles of E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness).
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