• Home
  • Personal Loan

Compare & Apply for Personal Loan

Choose Work Profile

Current City of Residence?

Date Of Birth Please select accurate date of birth which is required by lenders to evaluate the application.

Date of Birth

Current Company Name Choose current company name from dropdown as it plays a key role in best loan offers. If don't find a valid auto suggestion, type company name & proceed ahead.

Company Name

Take Home Monthly Salary It is the fixed Net Monthly Salary credited to account AFTER all deductions. Do not include any incentives, bonus or one-time payments.

Monthly Salary

Mode of Salary Choose the correct option as it helps display correct offers based on salary mode / bank account.

Required Loan Amount?

Required Loan Amount

Joining Date in Current Company?

Joining Date in Current Company

Total Work Experience?

Current Residence Ownership?

Any Earlier Loan Taken?

Cibil Score?

One step away from checking Loan Offers!

Instant Personal Loan Online Apply

Choose the Best Lender for Personal Loan Needs

We have all come across situations of financial crunch. Most of us can repay over some time. However, a higher amount makes a situation complex. Asking from friends and family can potentially spoil the relationships. Reaching out to financial institutions for a personal loan is the best proposition.


Some key benefits of Personal Loans?

  • A personal loan does not require a guarantor or a property. The credit profile of an individual decides the eligibility of personal loans.
  • A personal loan has minimal documentation, no branch visits are required.
  • The entire process is transparent and online if applied via LoansJagat.
  • Individuals can use the loan amount for any financial requirement.

What is the eligibility of a Personal Loan?

Every financial institution has its specified criteria for personal loans. Here is a general guideline basis of our experience.

Age 23 years - 65 years
Profession Type 1. Employee
Credit score Above 650
Minimum Monthly Income 1. Metros - ₹25,000
2. Non-Metros - ₹20,000
Loan Eligibility Upto ₹50 Lacs
As Per Applicant’s Credit Profile
Work Profile Continuation of 6 Months

What are the documents for an instant personal loan?

Here are the documents needed by salaried professionals. The respective lenders may ask for specific documents as per their requirements

  • An identity proof issued by the government- Voter ID Card or PAN Card.
  • Address proof like Aadhar Card, Passport and Utility Bills.
  • Latest bank statement of the past three months
  • Last three-month salary slips

Here are the documents needed by self-employed professionals. The respective lenders may ask for specific documents as per their requirements.

  • An identity proof issued by the government like Voter ID Card and PAN Card.
  • Address proof like Aadhar Card, Passport and Utility Bills.
  • Latest bank statement.
  • Last three years' income tax returns.
  • Audited balance sheet and profit and loss statements.

Why Personal Loan?

An instant personal loan is a saviour in modern times. We often come across various situations which require urgent financial assistance. In times like these, one can opt for an instant personal loan. A financial emergency could arise from a medical emergency, school or college admission requirements, urgent travel or buying something necessary.

Who Provides Personal Loans?

Traditionally, people borrowed from friends, family or other resourceful people. However, such borrowing can be risky, has high-interest rates and can potentially spoil relationships. Financial institutions like Banks and NBFCs help people to borrow money without destroying relationships. The modern enablers like LoansJagat help people get access to instant personal loans.

Benefits of Personal Loan

  • A personal loan does not need any collateral or property documents.
  • A personal loan is evaluated based upon the income and credit profile of the applicants.
  • An applicant does not need to visit the branch for verification or submit multiple documents in person.
  • Applicants can get instant personal loans by applying online. The process is transparent on leading platforms like LoansJagat.
  • Unlike business loans, instant personal loans are not for a specific purpose.

Personal Loan Eligibility

Every financial institution has its respective norms for calculating personal loan eligibility. However, broadly we can capture the eligibility as per the following:

  • Age - Above 23 years and below 65 years
  • Employed Professional
  • A Credit Score above 650
  • A monthly income of INR 25000 in metro cities and INR 20,000 in other cities.
  • Six Months of continuous employment
  • Loan eligibility is as per credit profile with an upper limit of INR 50 Lacs.

How to Improve Personal Loan Eligibility?

Following guidelines help to improve the eligibility of instant personal loans.

Here are a few Dos and DONTs to improve personal loan eligibility.

  • Check eligibility criteria for a personal loan on respective bank portals or get the complete eligibility criteria for top lenders on LoansJagat.com. Adhering to eligibility criteria reduces the chances of loan rejection.
  • Understand your loan eligibility before applying. LoansJagat provides a free tool to check loan eligibility for instant personal loans.
  • Ensure payment of monthly instalments on time.
  • Maintain a credit utilisation ratio of 30% or less.
  • Avoid multiple Personal Loans. Opt for a personal loan balance transfer if a need arises.
  • Applying for loans with multiple lenders reduces the credit score. LoansJagat provides a single platform to check instant personal loan eligibility with top lenders.

How to get the best personal loan interest rate?

Apply on LoansJagat.com to compare the personal loan interest rate from top Banks and NBFCs.

What are the documents for an instant personal loan?

Here are the documents needed by salaried professionals. The respective lenders may ask for specific documents as per their requirements.

  • An identity proof issued by the government like Voter ID Card and PAN Card.
  • Address proof like Aadhar Card, Passport and Utility Bills.
  • Latest bank statement of the past three months.
  • Last three-month salary slips

Here are the documents needed by self-employed professionals. The respective lenders may ask for specific documents as per their requirements.

  • An identity proof issued by the government like Voter ID Card and PAN Card.
  • Address proof like Aadhar Card, Passport and Utility Bills.
  • Latest bank statement.
  • Last three years' income tax returns.
  • Audited balance sheet and profit and loss statements

How to Compare Personal Loans?

One can compare instant personal loans by checking the criteria like interest rate, tenure and charges. Applicants should check for real-time comparison on LoansJagat.com. Here is a sample comparison chart.

Financial Institution Interest (% P.A) Loan Amount (INR Lacs) Processing Fee (Up to % of Loan Amount) Part Payment (Up To) Pre Payment Charges Lock-In (No. of Months) Tenure (Up To Months)
IDFC First Bank 10.49 - 18 40 2 40% of Amount Annually 4% on Remaining Principal 6 60
HDFC Bank 10.25-18 50 1.5 25% of Remaining Principal 4% on Remaining Principal 12 72
ICICI Bank 10.5-16.75 40 1.5 NA 5% 6 60
Axis Bank 10.25-17 30 1.5 25% of Remaining Principal 4 12 60
Kotak Bank 10.99-20 30 2 NA 5% 12 60
TATA Capital 12.5-19 25 2.5 25% of Remaining Principal 4% 6 72
IndusInd 11.49-20 20 2.5 NA 4% 12 60
Aditya Birla 12.99-20 50 2 NA 4% 12 84
Bajaj 13.5-18 25 2 NA 4 1 60
Yes Bank 10.75-16.99 25 1.5 20% of Remaining Principal NA 12 72

Why choose LoansJagat for Instant Personal Loans?

  • Compare Loan Offers : Applicants can compare the loan offers from top Banks and NBFCs.
  • Avail best Interest Rate : The comparison of instant personal loans allows an applicant to choose a loan with the best personal loan interest rate.
  • One-Stop Platform : LoansJagat offers end to end loan completion from application to sanction and disbursal of the instant personal loan.
  • Quick Application : LoansJagat has a robust technology platform that offers intuitive applications with complete online fulfilment.
  • Complete Privacy : LoansJagat is not in the business of selling databases, ensuring your data stays protected.
  • Free Guidance : LoansJagat is an authorised partner of top Banks and NBFCs, offering free loan comparison and guidance from a dedicated loan manager.

How to Apply for an Instant Personal Loan on LoansJagat?

  • LoansJagat offers a simple loan application process.
  • Check eligibility by entering personal details and requirements.
  • Compare offers from top Banks and NBFCs.
  • Choose the best offer and apply online.
  • The loan gets sanctioned. Complete the documentation for disbursal.

Compare and apply for instant personal loans on LoansJagat.com and get the best loan offer now.

Types of Personal Loans

  • Marriage Loan
    A personal loan may be used to overcome are the marriage related expenses and make big event a memorable one with the marriage loan.
  • Medical Emergency Loan
    We may never know when we need some additional funds for medical emergencies, a personal loan will help us to sail through such emergencies using a medical loan.
  • Education Loan
    Personal Loan can be used to sponsor education for self or someone in the family using the education loan.
  • Vacation Loan
    While it becomes difficult to save for a vacation, a personal loan becomes handy as one can avail a vacation loan and repay later.
  • Car Loan
    One can buy a car using a Car Loan, which is a form of personal loan and plan their lives better both in form of mobility and financially.
  • Home Improvement Loan
    While one can get a Home Loan to buy the house of their dreams, it may become a distant dream to renovate the home, for which one may go for a Home Improvement Loan in form of a Personal Loan and fulfil their home improvement requirements.

Compare and Apply Personal Loans with Best Intereset Rates in India

Personal Loan Specific FAQs

How can I use a Personal loan?
Yes, lenders do not place a limitation on specific usage of personal loans. However, it should not be for unlawful purposes.

How to avail a Personal Loan?
Visit LoansJagat.com enter personal details and requirements, choose the best lender and fill a simple form to apply.

Can I know my loan eligibility?
Loan eligibility depends upon the individual’s credit profile, which includes credit rating, work type, location and several parameters. Fill the above form to know your instant eligibility in 2mins!

What is an average repayment tenure?
It could be between 1 year to 5 years as per the terms for the loan.

Can I know the amount?
The amount is directly proportional to the credit profile and one’s ability to repay that includes income and existing debts.

What is the time take for the application?
While the traditional lenders take weeks or even months to process, one can get a personal loan in just 48 Hours with the fintech enablers like LoansJagat.

How to compare lenders?
LoansJagat provides a unique platform where one can compare the top Banks and NBFCs and choose the lender that offers the best terms as per requirement.

How to Repay?
While the most common method is the EMIs where one can pay in instalments every month, some lenders also have flexible repayments and payments are generally made through ECS or auto-debit to the bank accounts.

Why LoansJagat?
LoansJagat offers free facilities for loan seekers to check loan eligibility, find the best lender and apply at their convenience. LoansJagat also offers dedicated relationship managers to assist throughout the entire process of a Loan. With multiple awards, top partnerships and proven customer service, the advantages are manifolds.

Is a guarantor necessary?
No, the personal loans offered by LoansJagat are collateral-free and do not require any guarantor.

Subscribe Now

CopyRights © 2020 Loansjagat. All Rights Reserved DMCA.com Protection Status