Personal Loan in India

by Arjita Gupta Content Strategist

A personal loan is an unsecured loan. It can be used for any purpose one needs. Many use the funds for emergency expenses such as travel, medical contingency, vehicle repair, home renovation, etc.

Recommended Features

Loan amount between Rs. 1 lakh and Rs. 1 crore
Interest rate as low as 10.99%
Tenure between 1 year and 5 years
For salaried individuals
Disbursal in 48 hours

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Review on Personal Loan in India

A personal loan is the quickest way to get rid of your financial woes. You can get a loan up to Rs. 1 crore in just a few days. All you need is submitting basic KYC documents, recent passport-sized photographs, income proof, bank statement, IT return proof, etc. Though this loan is usually for salaried individuals, a few banks and NBFCs even have personal loan offers for professionals such as doctors, lawyers, teachers, chartered accountants, etc.

You can apply online for personal loan at loanbaba.com. The website is partnered with top banks and NBFCs for this loan. All bank and NBFC personal loan details are mentioned on the website. So, you can easily compare and apply for the loan from the comfort of your home, no need to visit bank-branch to apply for the loan.

Loanbaba does not charge any service fee to its customers. All services it provides are totally free-of-cost. It helps through the loan process and provides easy guidance to the borrowers.