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Rs.1 Lakh Personal Loan @10.49%* Pre-Approved for 25K+ Salary*

Need Rs.1 Lakh Personal Loan Urgently? 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.

Bank Interest rates for 1 Lakh Personal Loan

Banks
Personal Loan Interest Rates 2025
Institution Interest Rates
HDFC Bank 10.85% – 24.00%
Axis Bank 11% – 24.00%
Bandhan Bank 11.90% Onwards
ICICI Bank 10.85% – 16.25%
DBS Bank 10.99% – 24.00%
Bank of Baroda 11.05% – 18.75%
SBI 11.45% – 14.85%
IndusInd Bank 10.49% – 24.00%
Yes Bank 11.25% – 21.00%
Standard Chartered 11.50% – 24.00%
IDFC First 10.99% – 23.99%
Kotak Mahindra Bank 10.99% – 24.00%
PNB 11.40% – 17.95%
Indian Bank 10.90% – 24.00%

NBFCs Interest rates for 1 Lakh Personal Loan

NBFCs
NBFC Name Interest Rate
InCred Interest Rate 2025 16% – 42%
Finnable Interest Rate 2025 16% – 28%
L&T Finance Interest Rate 2025 11% – 24%
Aditya Birla Interest Rate 2025 10% – 32%
Shriram Finance Interest Rate 2025 11% – 42%
Bajaj Finserv Interest Rate 2025 10.75% – 31%
Piramal Interest Rate 2025 12.99% onwards
Tata Capital Interest Rate 2025 11.99% – 35%
Poonawalla Interest Rate 2025 11.49% – 19%
SMFG Interest Rate 2025 13% – 36%
Axis Finance Interest Rate 2025 13% onwards
Mahindra Finance Interest Rate 2025 12% – 36%
Paysense Interest Rate 2025 16.8% – 33%

Rs.1 Lakh Personal Loan EMI for up to 1-7 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

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.

How to Apply for a Personal Loan of 1 Lakh? @ Fincover

To apply for a personal loan of ₹1 Lakh on Fincover, follow these steps:

  1. Visit Fincover Website: Go to the Fincover website

  2. Select Personal Loan: Navigate to the ‘Loans’ section and choose ‘Personal Loan.’

  3. Enter Loan Details: Specify the loan amount (₹1 Lakh), preferred tenure, and any other relevant details.

  4. Provide Personal Information: Fill out the application form with your personal, financial, and employment information.

  5. Upload Documents: Submit the required documents, such as ID proof, address proof, income proof, and bank statements. Fincover allows for online document submission.

  6. Submit Application: Submit your application for review.

  7. Approval and Disbursement: Fincover will process your application. If approved, the loan amount will be transferred to your bank account.

Following these steps will help you apply efficiently and receive your loan quickly.

Eligibility Criteria for Personal Loan of 1 Lakh

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

Eligibility CriteriaDetails
Minimum Age21 years
Maximum Age60 years (at the time of loan maturity)
Minimum Monthly Salary₹20,000*
Employment TypeSalaried or Self-Employed
Minimum Work Experience1 year for salaried
Credit Score650 or above*
Resident StatusIndian citizen
Required DocumentsID proof, Address proof, Income proof, Bank statements

Documents Required for Personal Loan of 1 Lakh

Document TypeDetails
Identity ProofAadhaar Card, PAN Card, Passport, or Voter ID
Address ProofAadhaar Card, Utility Bill, Rent Agreement, or Passport
Income ProofLatest 3 months’ salary slips
Bank StatementsLast 6 months’ bank statements
Employment ProofEmployment ID card or Offer Letter
PhotographsRecent passport-sized photographs

FAQs for Personal Loan of 1 Lakh

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:

  • Age: 21 years or older
  • Income: Minimum monthly salary of ₹20,000
  • Employment: Salaried or self-employed with a stable income
  • Credit Score: Generally, a score of 650 or above
  • Residency: Indian citizen

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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