Pre-Approved Personal Loan up to ₹40 Lakhs
Get a pre-approved personal loan of up to ₹40 lakhs with instant approval and minimal documentation. Enjoy quick disbursal, flexible tenures, and competitive interest rates.
Get Instant
Direct Cash
Lowest
Minimal
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
- 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
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- Rs.6 lakh Personal Loan
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- Rs.4 lakh Personal Loan
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- Rs.50,000 Personal Loan
- Personal loan for salaried
- PL for IT Professionals
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- PL for Defence Personnel
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- PL for Home Renovation
- PL for Medical Emergency
- Personal Loan for NRI
- Personal Loan for CA
- PL for Debt Consolidation
What is Pre-Approved Personal Loan?
How is a Pre-Approved Loan Calculated?
Pre-approved personal loans are offered based on your financial profile, credit history, and repayment ability. Here’s a breakdown of how lenders calculate pre-approved loans in a structured table format for better understanding:
Factor | Description | Impact |
---|---|---|
Credit Score | A high credit score (750+) shows good creditworthiness. | Higher scores lead to higher loan amounts and lower interest rates. |
Monthly Income | Your net monthly income after taxes. | Higher income increases loan eligibility. |
Debt-to-Income Ratio | The percentage of income spent on current debts. | A lower ratio (<40%) means better repayment capacity and higher loan amounts. |
Repayment History | Past payment record of loans or credit card dues. | Good repayment history ensures higher loan offers. |
Relationship with Lender | A long-term association with the bank or financial institution. | Loyal customers may get higher amounts and better terms. |
Existing Debts | Current loans or EMIs you are already paying. | Lower existing debts improve eligibility for higher loan amounts. |
Loan Tenure | The repayment period (e.g., 12-60 months). | Longer tenures lower EMIs but increase the total interest cost. |
Employer Stability | The reputation of your employer and job stability. | Stable jobs with reputed employers can result in higher loan offers. |
Example Calculation
Criteria | Details | Result |
---|---|---|
Monthly Income | ₹60,000 | Eligible for loan up to 40% of income (₹24,000 EMI capacity). |
Fixed Obligations | ₹20,000 | Remaining EMI capacity = ₹24,000 – ₹20,000 = ₹4,000. |
Loan Tenure | 36 months | Longer tenure results in manageable EMIs. |
Interest Rate | 12% p.a. | Lower interest rate allows for a higher loan amount. |
Loan Amount | ₹6,70,000 (Approx.) | Based on EMI Calculator |
Key Features of Pre-Approved Personal Loans
Quick Approval: These loans are pre-screened, so approval is almost instantaneous.
Minimal Documentation: Since the lender already has your details, little to no paperwork is required.
Flexible Loan Amounts: You can avail loans ranging from small amounts to as high as ₹40 lakhs, depending on your eligibility.
Competitive Interest Rates: Pre-approved offers often come with lower interest rates for eligible customers.
No Collateral Required: These loans are unsecured, meaning you don’t need to pledge any assets as security.
Flexible Tenures: Repayment periods typically range from 12 to 60 months, depending on the lender.
Digital Process: The entire application and disbursal process can often be completed online, saving time and effort.
Pre-Approved Personal Loan vs. Regular Personal Loan
Feature | Pre-Approved Loan | Regular Personal Loan |
---|---|---|
Approval Time | Instant | 1-3 Business Days |
Documentation | Minimal | Extensive |
Eligibility | Pre-determined by lender | Requires detailed evaluation |
Interest Rates | Preferential rates for eligible customers | Varies based on profile |
Flexibility | Highly flexible | Moderate |
How to Check if You’re Eligible
Bank Notifications
Check for SMS or email notifications from your bank about pre-approved loan offers.
Online Banking Portal
Log in to your bank’s app or website to see if you have any pre-approved loan offers
Customer Care
Contact your bank’s customer support to inquire about your eligibility.
Who is Eligible for a Pre-Approved Personal Loan?
Eligibility for pre-approved personal loans is usually determined by the lender. Common criteria include:
- High Credit Score: A score of 750 or above increases your chances of getting a pre-approved offer.
- Consistent Income: A stable monthly income assures the lender of your repayment capacity.
- Existing Relationship with the Lender: Banks often extend these offers to their loyal customers.
- Good Repayment History: Timely payments of previous loans or credit card bills improve your chances.
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 |
Common FAQs About Pre-Approved Personal Loans
You can learn more from our asked questions
Who are eligible for a pre-approved personal loan?
Pre-approved loans are usually extended to customers who have a good credit score of 750+, steady income, and are bank customers.
Can I negotiate the interest rate for a pre-approved loan?
Consider borrowing from friends or family, selling unused items, or taking on small gigs. Explore immediate options, like online platforms or local lenders, to fulfill the urgent need for 20,000 rupees.
What happens if I don’t avail of the pre-approved loan offer?
The existing pre-approved loan offer might lapse after a period. However, if you continue to maintain good credit score, you will still be eligible for a pre-approved personal loan
Are pre-approved personal loans secure?
Yes, pre-approved personal loans are secure to avail. Since, they are given based on your credit behaviour and your existing relationship with the bank, you can be certain that the loan is safe.