Personal Loan

Get instant personal loans up to ₹50 lakhs with no collateral required. Quick approval and flexible EMIs based on your CIBIL score.

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What is a Personal Loan?

A personal loan is an unsecured loan that you can use for any purpose—medical emergencies, travel, marriage, home renovation, education, or personal expenses. No collateral or security is required.

Quick Approval

Get approved in 24-48 hours

No Collateral

Unsecured loan with flexible terms

Key Features

Loan amount: ₹50,000 to ₹50,00,000
Tenure: 1 to 6 years
No collateral required
Quick digital approval
Flexible EMIs
Best offers based on salary & CIBIL score

Eligibility Criteria

Age: 21 to 60 years
Monthly income: Minimum ₹15,000–30,000 (varies by lender)
CIBIL score: 700+ preferred
Employment: Stable employment history
Self-employed: Minimum 2 years business vintage

Interest Rates & Charges

Interest Rate:10.50% – 24%

Processing Fee:1% – 4%

Pre-closure:0% – 4%

Late Payment:As per lender policy

Documents Required

For Salaried

Aadhaar + PAN
3 months salary slips
6 months bank statement
Address proof (rent agreement / electricity bill)

For Self-Employed

Aadhaar + PAN
ITR (last 2 years)
GST certificate / business proof
6–12 months bank statement

Benefits of Taking a Personal Loan Through SuggestBank

Compare 20+ lenders instantly

Find the best rates from top lenders

Best rate according to your profile

Personalized offers based on your CIBIL

CIBIL-based filtering ensures higher approval

Better chances of loan approval

End-to-end support till loan disbursal

Complete assistance throughout the process

Frequently Asked Questions

Most loans get approved within 24–48 hours after document verification.

Chances are low, but some lenders offer loans at higher interest rates for lower CIBIL scores.

Yes, but foreclosure charges may apply depending on the lender's policy.

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