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Personal Loan of Rs. 1 Lakh
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Apply now for a Personal Loan of 1 Lakh. Enjoy fast approval, flexible repayment options, and no collateral requirements. Apply today for financial freedom!


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Personal Loan of Rs.1 Lakh

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.

Advantages of Applying at Fincover

Quick and Easy Application

Our streamlined online application process ensures you can apply for a personal loan within minutes, without the need for lengthy paperwork.

Quick Approval

 We know that time is of the essence. Our efficient approval system ensures you receive a decision quickly from the lender, often within hours from the time of application.

Flexible Repayment Options

Tailor your loan repayment to your financial situation with flexible EMI options. One of the biggest advantages of applying online is that you can know how much EMI you are going to pay every month beforehand, so that you can plan your monthly budget accordingly

Affordable Interest Rates

The interest rates for Personal Loan start from 10.49%. Getting loans at the most affordable interest rates would enable you to plan your repayment comfortable and stay relaxed

 No Collateral Required

Personal loans are unsecured in nature, meaning you don’t need to put up any collateral to secure your loan.

Transparent Terms and Conditions

There is complete transparency in every step. You’ll always know what you’re signing up for and knkow the subsequent steps, with no hidden fees or surprises.

Bank Interest rates for 1 Lakh Personal Loan

InstitutionInterest ratesLoan amount
HDFCFrom 10.5%Upto 40 Lakhs
Axis BankFrom 10.49%`Upto 40 Lakhs
ICICI bank10.75%-19%Upto 40 Lakhs
Bank of Baroda10.75% – 18.5%Upto 5 Lakhs
SBIFrom 11%Upto 30 Lakhs
IndusIndFrom 10.49%Upto 50 Lakhs
Yes BankFrom 10.99%Upto 40 Lakhs
Standard CharteredFrom 11.5%Upto 50 lakhs
IDFCFrom 10.49%Upto 50 Lakhs
Kotak MahindraFrom 10.99%Upto 40 Lakhs
PNBFrom 11.40%Upto 20 Lakhs
Bandhan bankFrom 11.55%Upto 25 Lakhs

NBFCs Interest rates for 1 Lakh Personal Loan

Institution Interest rates Loan amount
Tata Capital From 10.99% Upto 35 Lakhs
InCred From 18% Upto 3 Lakhs
Finnable From 16% Upto 10 Lakhs
PaySense From 16.8% Upto  5 Lakhs
Poonawalla From 9.99% Upto 30 Lakhs
Fullerton From 11.99% Upto 25 Lakhs
LendingKart From 12% Upto 3 Lakhs
Axis Finance From 13% Upto 25 Lakhs
L&T Finance From 12% Upto 7 Lakhs
Mahindra Finance From 10.99% Upto 10 Lakhs
Aditya Birla From 11.99% Upto 50 Lakhs
Bajaj Finance From 11% Upto 50 Lakhs

Rs.1 Lakh Personal Loan EMI for up to 5 Years

Loan Amount: Rs.1 Lakh

ROI: 10.5%

TenureEMI amount at Interest rate of 10.5%
1 yearRs. 8814
2 yearsRs. 4637
3 yearsRs. 3250
4 yearsRs. 2560
5 yearsRs. 2149
6 yearsRs. 1877
7 yearsRs. 1686

How to Apply for a Personal Loan of 1 Lakh?

Be sure about the amount you want

 Have a good knowledge about the amount you would need exactly before applying for a personal loan. For example if you would require a personal loan of 1 Lakh, then fill in the amount as 1 Lakh

Online Application

 Start by filling out our online application form. Provide your personal and financial information to get the process rolling.

Select Lender

Based on your requirement, we will display the lender eligible to your credit profile, you can then apply them accordingly.

Document Submission

 Upload the necessary documents, including proof of identity, address, and income, for verification purposes.

Loan Approval

 Once your application is received, the concerned team will verify the veracity of the information and will declare your eligibility within hours of the application.

Funds Disbursement

 Upon approval, your Personal loan amount of 1 Lakh will be disbursed directly to your bank account.


Eligibility Criteria for Personal Loan of 1 Lakh

To be eligible for a personal loan, you typically need to meet the following criteria:

  • Age between 21 and 60 years
  • Indian resident
  • Salaried/Self-employed
  • Steady source of income
  • Good credit history (credit score above a certain threshold)

Documents Required for Personal Loan of 1 Lakh

  • Identity Proof (Aadhaar, Passport, Voter ID)
  • Address Proof (Utility Bill, Passport, Aadhaar)
  • Income Proof (Salary Slips, ITR for self-employed)
  • Bank Statements (Last 3 to 6 months)

Fulfil your financial obligations now

Our hassle-free personal loan ensures fast approval and flexible terms. Apply now for financial freedom!

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