Secure Your Financial Freedom With Affordable Personal Loans
Enjoy competitive rates starting at 10.6% p.a.
100% Paperless
Instant Approval
Attractive Interest Rates
Expert Guidance
Transparent Terms
Flexible Tenure
Personal Loan: Get Instant Personal Loan
A quick and easy way to deal with financial emergencies is a Personal Loan. Simply put, it is fundraising, so you don't have to worry about collateral. Your background does not matter. You could be a salaried professional, a self-employed entrepreneur, or a retired personnel. Your loan is customised to your needs.
Through Urban Money, enjoy instant funds, disbursal in as little as 24 hours, and flexible terms. Compare among 50+ banks and NBFCs to match a term favourable to you. Share your contact details, and we'll take care of the rest. Fast-track your planning with a user-friendly EMI and eligibility calculator tool.
So if you're aiming for a simple and convenient financing experience, a Personal Loan from Urban Money could be your ideal financial companion.
Personal Loan Detail
| Feature | Details |
|---|---|
| Loan Type | Unsecured (No collateral required) |
| Loan Amount | ₹10,000 to ₹50 Lakhs |
| Interest Rate | Starting from 9.75% p.a. |
| Repayment Tenure | 12 to 84 months |
| Usage Flexibility | No end-use restrictions |
| Support | Expert guidance throughout the process |
| Available In | 50+ cities across 18+ states |
Cities Covered
555+
Happy Customers
1 Lacs+
Banking Partners
158+
Disbursed Annually
₹53 BN
How to Check Your Personal Loan Eligibility
Find out how much of a personal loan you can avail of online based on your income and profile.
Requirements
Employment
Age
Minimum Monthly Income
Credit Score
Just fill a few more details to get quote.
I hereby appoint UrbanMoney as my authorised representative to receive my credit information from CIBIL. I hereby accept terms & conditions.Read More.
How to Use Your Personal Loan
Are you facing unexpected expenses? Personal loans can assist you in meeting these needs without requiring collateral. Use the instant personal loan scheme to address urgent requirements with ease and convenience.
Medical Emergencies
Cover sudden hospitalisation or medical expenses not covered by insurance.
Home Renovation
Upgrade or repair your home easily, from painting and plumbing to complete remodelling.
Wedding Expenses
Fund a dream wedding, whether venue bookings, jewellery, or catering.
Travel and Vacation
Explore the world or take a much-needed break without dipping into your savings.
Compare Best Personal Loan in India
Compare Personal Loan online from banks and NBFCs to find the most affordable option.
- Nationalized Bank
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- Quick Disbursal
- Max Loan Amount
- Lowest Income requirement
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| Bank/NBFC | Interest Rate | Processing fee | Loan Amount | Tenure | Action |
|---|---|---|---|---|---|
 Punjab National Bank Personal Loan | 12% - 17.75% | Up to 1% of the loan amount | ₹50K - ₹20L | Tenure(1 - 6 Years) | |
Bank of India Personal Loan | 11.6% - 16.2% | Up to 1% (Maximum Rs 15,000) | ₹25K - ₹25L | Tenure(1 - 7 Years) | |
Union Bank of India Personal Loan | 11.5% - 15.75% | Up to 1% (Maximum Rs 7,500) | Up to ₹50L | Tenure(1 - 30 Years) | |
Bank of Baroda Personal Loan | 11.25% - 18.5% | Upto 2% of the Loan amount + applicable taxes | ₹1L - ₹20L | Tenure(1 - 7 Years) | |
Canara Bank Personal Loan | 10.9% - 15.9% | Up to 0.50% of loan amount (Rs 1,000 to Rs 5,000)- 50% off on processing fee | ₹1L - ₹10L | Tenure(0 - 6 Years) | |
Punjab & Sind Bank Personal Loan | 10.35% - 13.4% | Up to 1.00% of loan amount | ₹50K - ₹20L | Tenure(1 - 7 Years) | |
Indian bank Personal Loan | 9.85% - 15.25% | Up to 2% of the loan amount | - | Tenure(1 - 7 Years) | |
Bank of Maharashtra Personal Loan | 9.5% - 14.3% | 1% of Loan amount + GST | ₹25K - ₹20L | Tenure(1 - 7 Years) | |
State Bank of India Personal Loan | 8% - 15.3% | Up to 1.5% of the loan amount | ₹50K - ₹35L | Tenure(1 - 6 Years) | |
RBL Bank Personal Loan | 18% - 26% | Up to 2% of loan amount | ₹30K - ₹5L | Tenure(1 - 3 Years) | |
DCB Bank Personal Loan | 13% - 25% | Up to 3% of loan sanctioned | ₹1L - ₹5L | Tenure(1 - 5 Years) | |
Reliance Capital Personal Loan | 11.99% - 16.25% | Up to 2% | - | Tenure(1 - 4 Years) | |
Federal Bank Personal Loan | 11.49% - 14.49% | Up to 3% of loan amount | ₹50K - ₹25L | Tenure(1 - 5 Years) | |
Axis Bank Personal Loan | 11.25% - 21.8% | up to 2% of the loan amount + GST as applicable | ₹50K - ₹40L | Tenure(1 - 7 Years) | |
YES Bank Personal Loan | 11.25% - 21% | Upto 2.5% of processing fee. | ₹1L - ₹40L | Tenure(1 - 6 Years) | |
karur Vysya Bank Personal Loan | 11.15% - 14.15% | 1.50% of the requested loan amount | ₹50K - ₹10L | Tenure(1 - 6 Years) | |
Deutsche Bank Personal Loan | 11% - 13% | Up to 2% of the loan amount | ₹50K - ₹15L | Tenure(1 - 4 Years) | |
IDBI Bank Personal Loan | 11% - 15.5% | 1% of loan amount subject to maximum of Rs 2,500 | ₹25K - ₹5L | Tenure(1 - 5 Years) | |
karnataka bank Personal Loan | 11% - 17% | Up to 2% of loan amount (Min. Rs 2,500 & Max. Rs 8,500) | ₹1L - ₹25L | Tenure(1 - 5 Years) | |
IDFC FIRST Bank Personal Loan | 10.99% - 23.99% | Upto 2% of processing fee. | ₹20K - ₹1Cr | Tenure(0 - 5 Years) | |
Kotak Bank Personal Loan | 10.99% - 16.99% | Up to 5% of loan amount | ₹50K - ₹35L | Tenure(1 - 5 Years) | |
HDFC Bank Personal Loan | 10.85% - 24% | Up to ₹ 6,500/- + GST | ₹50K - ₹40L | Tenure(1 - 6 Years) | |
ICICI Bank Personal Loan | 10.85% - 16.65% | Up to 2% of the loan amount + applicable taxes | ₹2.5L - ₹50L | Tenure(1 - 6 Years) | |
CITI Bank Personal Loan | 10.75% - 16.49% | Up to 3% of the borrowed loan amount | ₹50K - ₹30L | Tenure(1 - 5 Years) | |
HDFC Sales Personal Loan | 10.5% - 25% | ₹50K - ₹40L | Tenure(1 - 5 Years) | ||
IndusInd Bank Personal Loan | 10.25% - 26% | Up to 3% of the sanctioned loan amount | ₹3L - ₹75L | Tenure(1 - 50 Years) | |
HSBC Personal Loan | 10.15% - 16% | Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable | ₹50K - ₹30L | Tenure(1 - 5 Years) | |
Bhanix Finance Personal Loan | 33.5% - 36% | Up to 2.5% of loan amount | ₹45K - ₹3L | Tenure(0 - 1 Years) | |
Prefr Personal Loan | 15% - 36% | 3-5% with Minimum Proc. Fee of INR 1500 + GST | ₹50K - ₹5L | Tenure(1 - 4 Years) | |
Tata Capital Financial Services LTD Personal Loan | 11.99% - 29.99% | Up to 3.00% | ₹75K - ₹35L | Tenure(1 - 6 Years) | |
Ujjivan Small Finance Bank Personal Loan | 23% - 24.5% | Up to 2% of loan Amount | ₹1L - ₹30L | Tenure(1 - 3 Years) | |
Hero FinCorp Personal Loan | 19% - 30% | 3.5% of the loan amount + applicable taxes | ₹50K - ₹5L | Tenure(1 - 5 Years) | |
MoneyWide Personal Loan | 18% - 26% | Up to 4% of loan amount | ₹20K - ₹3L | Tenure(0 - 3 Years) | |
PaySense Personal Loan | 16.8% - 27.6% | Up to 3% of loan amount | ₹5K - ₹5L | Tenure(0 - 5 Years) | |
Clix Capital Personal Loan | 14.99% - 24.99% | Up to 10% of loan sanctioned | ₹1L - ₹10L | Tenure(1 - 5 Years) | |
Edelweiss Financial Services Personal Loan | 14.5% - 18.5% | Upto 2% of the Loan amount + applicable taxes | ₹2L - ₹20L | Tenure(0 - 4 Years) | |
Muthoot Finance Ltd Personal Loan | 14% - 22% | Up to 2% of the loan amount | ₹50K - ₹10L | Tenure(1 - 5 Years) | |
InCred Financial Services Personal Loan | 13.99% - 42% | 2.00% - 5.00% | ₹50K - ₹10L | Tenure(1 - 5 Years) | |
IndiaBulls Personal Loan | 13.99% | 3% onwards | ₹1K - ₹15L | Tenure(0 - 2 Years) | |
SMFG India Credit Company Ltd Personal Loan | 13% - 25% | Upto 5% of loan amount. | ₹50K - ₹30L | Tenure(1 - 5 Years) | |
DHFL Personal Loan | 12.99% | Up to ₹30L | |||
Piramal Finance Personal Loan | 12.9% - 24.99% | Up to 5% of the loan amount + applicable taxes | ₹50K - ₹25L | Tenure(1 - 5 Years) | |
IIFL Finance Personal Loan | 12.75% - 44% | Up to 9% + applicable taxes | ₹5K - ₹5L | Tenure(0 - 3 Years) | |
FT Cash Personal Loan | 12.15% | ₹1L - ₹5L | Tenure(1 - 5 Years) | ||
Shriram Urban Co Operative Bank Limited Personal Loan | 12% - 18% | Upto 1% of the sanctioned loan amount | ₹10K - ₹3L | Tenure(1 - 5 Years) | |
Loantap Credit Products Private Limited Personal Loan | 11% - 26% | Processing: Online TAT: 1 Day to 4 Days | ₹50K - ₹10L | Tenure(0 - 5 Years) | |
L&T Finance Personal Loan | 11% - 27% | <ul><li>Up to 3% of loan amount + applicable taxes</li> | ₹1L - ₹30L | Tenure(1 - 6 Years) | |
AU Small Finance Bank Personal Loan | 11% - 30% | Up to 4% of Loan amount | ₹25K - ₹10L | Tenure(1 - 5 Years) | |
Tata Capital Housing Finance Limited Personal Loan | 10.99% | Up to 2.75%of the loan amount | Up to ₹35L | Tenure(Up to 6 Years) | |
Capital First Ltd. Personal Loan | 10.49% | Up to 2.49% of the loan amount | ₹1L - ₹40L | Tenure(1 - 5 Years) | |
Bajaj Finserv Personal Loan | 10% - 31% | Up to 3.93% of loan amount | ₹20K - ₹55L | Tenure(0 - 8 Years) | |
Aditya Birla Finance Limited Personal Loan | 10% - 30% | Up to 4% of the loan amount + gst | ₹1L - ₹40L | Tenure(1 - 7 Years) | |
Poonawalla Fincorp Limited Personal Loan | 9.99% | Upto 3% of the Loan amount + applicable taxes | ₹1L - ₹50L | Tenure(1 - 7 Years) | |
Privo Personal Loan | 9.99% - 39.99% | Up to 5% | ₹10K - ₹2L | Tenure(0 - 5 Years) |
Important: The interest rates and fees listed are merely suggestive and may change based on your profile and the lender's policies.
*Processing fees vary based on the loan amount and may be adjusted according to the bank's policies.
What Makes Urban Money
Your Ideal Partner for Personal Loan?
Obtain hassle-free personal loans with attractive rates and flexible repayment terms.
Quick Approval
Get fast access to personal loans without the usual hassle, featuring attractive interest rates and convenient repayment terms.
Flexible EMI Options
Choose from repayment options of up to 5 years With affordable EMIs customised for your financial needs.
Competitive Rates
Take advantage of competitive rates starting from 9.75% Along with a clear and transparent fee structure.
Zero Repayment Charges
Repay your loan early whenever you like, no extra fees or penalties applied.
No Impact on Credit Score
Check your eligibility with zero impact on your credit score.
100% Digital Process
Enjoy a fully online, paperless application experience from start to finish.
Smart EMI Calculator for
Personal Loan
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Interest Rate
Loan Term
Break-up of Total Payment
₹ NaN Per Month EMI for -1 Years
Principal Amount (Total Amount for loan)
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Interest Payable (Total Interest throughout the loan duration)
Total Amount payable
EMI Payment Schedule
Personal Loan Eligibility:
Clear, Simple, and Accessible
A Personal Loan could be your financial solution if you meet the eligibility requirements. Here's a quick breakdown of the essential criteria, helping you confidently prepare and apply.
| Age limit | Typically between 21 and 60 years at the time of the loan application |
| Income | A steady income from employment or business |
| Employment Type | Salaried, self-employed, or pensioners |
| Credit Score | A good credit score (usually 650 or higher) |
| Work Experience | Minimum 1-2 years of work experience (depends on lender) |
| Loan Amount | Varies based on income and repayment capacity. You can get anywhere from INR 10,000 to INR 50 Lakhs. |
Partnered With The Best Banks & NBFCs
Choose the Best Personal Loan from 50+ Trusted Lenders to Suit Your Unique Needs
How to Apply for a Personal Loan
Get your loan approvals in 3 instant steps.
Fill A Quick Online Form
Complete a form with your name, phone number, and city.
1
Get Verified
Our system swiftly processes your application and verifies your contact details in seconds.
2
Get Instant Loan Assistance
Receive a call from Urban Money Loan Experts within 24 hours.
3
Personal Loan in Top Cities
Serving 24+ cities across 15+ states with quick, affordable loans near you. Customised to your needs.
15+
States
24+
Cities
Key Benefits and Featuresof Personal Loan
Check all the perks of availing a Personal Loan at a glance.
Easy, Hassle-Free Documentation
Apply online with Urban Money with minimal paperwork. Keep your ID, income, and address proof handy, and you're ready!
Total Freedom on How You Use It
You can use your small personal loan for home renovations, medical bills, or travel plans. There are no restrictions, just complete end-user flexibility.
Repay at Your Own Pace
Select a tenure that suits your budget. Enjoy flexible repayment options from 12 to 60 months, making loan management stress-free.
Lightning-Fast Disbursal
You can receive funds in your account within hours of approval, and this can be even faster if you have a pre-approved personal loan offer. There are no delays, just instant access to your loan.
Collateral-Free
A personal loan is an excellent unsecured credit option. Borrowers do not need to provide any collateral or security to obtain funding. Banks depend on an individual's creditworthiness for loan approval.
Loan Amounts Specific To Your Needs:
Your credit profile, income, profession, and more determine your approved loan amount. Borrow anywhere from ₹10,000 to ₹40 lakhs, with terms tailored to your requirements.
Apply Personal Loan By Types
By Professions
By CIBIL Score
By Schemes
Without
Other
Factors That Impact Your Personal Loan
Your loan EMI depends on the interest rate, which varies based on key personal Loan factors such as your credit score, income, loan amount, and repayment history. Understand these elements to secure the best rate for you.
Income
Your income plays a crucial role. Those with higher and more stable incomes are perceived as more capable of repaying and typically receive lower rates. In contrast, individuals with lower incomes or poor financial histories may encounter higher interest rates.
Credit History
Your credit score reflects your financial history, including debt, income, and repayment habits. A higher credit score indicates strong financial behaviour, often resulting in lower interest rates and better loan terms.
Employer's Status
Lenders evaluate your employer's reputation to determine financial stability. Employing a reputable organisation can enhance your credibility, making you eligible for better loan terms and lower interest rates.
Debt-to-Income Ratio
A high debt-to-income ratio can adversely affect your personal loan interest rates. Lenders evaluate the portion of your income allocated to existing debts, influencing your eligibility and the offered rates.
Building Trust For Better Rates
A long-term relationship with your lender can lead to preferential interest rates. Lenders are more likely to offer favourable terms if you've been a loyal and responsible customer.
Default History
Lenders prefer applicants with a clean record, typically requiring no defaults in the past 12 months for loan approval.
Get Instant Personal Loan Online Upto ₹ 20 Lakhs
Documents for a Personal Loan Application
At Urban Money, we guarantee a smooth and hassle-free loan disbursal process. Although the paperwork is minimal, the documents required differ for salaried and self-employed individuals.
Documents for Salaried Employees
Identity Proof (any one):
- Aadhaar Card
- PAN Card
- Voter ID
- Passport
- Driving License
Address Proof (any one)
- Utility Bill (Electricity/Water/Gas)
- Aadhaar Card
- Passport
- Rental Agreement
Income Proof:
- Last 3-6 month's salary slips
- Latest Form 16 or Income Tax Return (ITR)
- Bank statements for the last 3–6 months showing salary credit
Employment Proof
- Employee ID card
- Offer Letter / Appointment Letter (in some cases)
Documents for Self-Employed Individuals
Identity Proof (any one)
- Aadhaar Card
- PAN Card
- Voter ID
- Passport
- Driving License
Address Proof (any one)
- Utility Bill (Electricity/Water/Gas)
- Aadhaar Card
- Passport
- Office Lease Agreement
Income Proof:
- ITR for the last 2-3 years
- Balance Sheet and Profit & Loss Statement (audited, if applicable)
- Bank statements for the last 6-12 months
Business Proof
- Business Registration Certificate
- GST Registration
- Trade License
- Partnership Deed or MOA/AOA (if applicable)
Documents for Pensioners
Identity Proof (any one)
- Aadhaar Card
- PAN Card
- Voter ID
- Passport
- Driving License
Address Proof (any one)
- Aadhaar Card
- Utility Bill
- Passport
- Pensioner's ID card
Income Proof:
- Pension Payment Order (PPO)
- Bank statements showing pension credit (last 3-6 months)
- Form 16 (if applicable)
General Documents (Applicable to All Applicants)
- Duly filled personal loan application form
- Passport-size photographs
- PAN Card (compulsory in most cases)
- Signature verification proof (banker's attestation, cancelled cheque, etc.)
Check Personal Loan Interest Rates of Top Banks
Latest Trends and News for Personal Loan
Stay updated on the latest trends, news, interest rates, and eligibility criteria for personal loans. Stay informed to make smarter financial choices and secure the best loan deals.
Expert Guidance for Every Personal Loan Questions
Have questions about personal loans? Find everything you need to know, from refinancing options to interest-saving tips.
How does a personal loan work?
A personal loan can be availed when you need an unsecured line of credit. Once you complete and submit your personal loan application, it is approved and verified by the lender. After the verification process, the loan amount will be disbursed to the applicant’s bank account. At the beginning of the tenure, you will be required to repay the loan in pre-decided EMI payments.
Need help? Contact Us
What is the maximum amount of loan I can get?
The maximum loan amount that can be sanctioned for you depends on the monthly income and various other factors. However, there are numerous lenders in the country that offer as much as Rs. 40 lakhs.
Need help? Contact Us
What is the minimum salary needed to apply for a personal loan?
The minimum salary requirement for a personal loan application varies from lender to lender. However, most lenders prefer that the applicant should be drawing an income of at least Rs. 15,000. If you are living in a metropolitan area, the minimum salary requirement is between Rs. 20,000 to Rs. 25,000.
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Do personal loans offer tax exemptions?
Yes, personal loans offer tax exemptions if the amount is being used for home renovation, business expansion or education purposes.
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What should I do if my personal loan application is rejected?
If your personal loan application has been rejected, it is either because of a low credit score or because you do not meet the basic eligibility requirements. Taking steps to improve your credit score can go a long way in future application approvals.
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