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!
Get Instant
Direct Cash
Lowest
Minimal
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
| Institution | Interest rates | Loan amount |
| HDFC | From 10.5% | Upto 40 Lakhs |
| Axis Bank | From 10.49%` | Upto 40 Lakhs |
| ICICI bank | 10.75%-19% | Upto 40 Lakhs |
| Bank of Baroda | 10.75% – 18.5% | Upto 5 Lakhs |
| SBI | From 11% | Upto 30 Lakhs |
| IndusInd | From 10.49% | Upto 50 Lakhs |
| Yes Bank | From 10.99% | Upto 40 Lakhs |
| Standard Chartered | From 11.5% | Upto 50 lakhs |
| IDFC | From 10.49% | Upto 50 Lakhs |
| Kotak Mahindra | From 10.99% | Upto 40 Lakhs |
| PNB | From 11.40% | Upto 20 Lakhs |
| Bandhan bank | From 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%
| Tenure | EMI amount at Interest rate of 10.5% |
| 1 year | Rs. 8814 |
| 2 years | Rs. 4637 |
| 3 years | Rs. 3250 |
| 4 years | Rs. 2560 |
| 5 years | Rs. 2149 |
| 6 years | Rs. 1877 |
| 7 years | Rs. 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!
NBFCs
- 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.10 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