Loan Amount up to 1 Cr. | Min. ROI @ 10.25% | Simple & Secure Process | EMI of Rs. 1673/- Per Lac | Tenure Up to 7 Years
Easy Repayment Options | Hassle-free Process | No Collateral | Door-step Services

Personal Loan for
Marriage

Personal Loan for
Medical Emergencies

Personal Loan for
Higher Education

Personal Loan for
Balance Transfer

Personal Loan for
Financial Restructuring

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20

Years Of Experience

Personal Loan

A personal loan is an unsecured loan that serves various purposes, including funding children's education, covering medical emergencies, financing wedding expenses, renovating homes, starting new business ventures, or addressing other financial liabilities. Unlike secured loans, personal loans do not require borrowers to provide any form of security, such as shares or property documents, to the bank.

Personal loans are available to individuals with a secured or regular income, a favorable credit history, and a satisfactory CIBIL score, regardless of the purpose of their loan application.

When obtaining a personal loan, you can benefit from minimal documentation requirements, flexible repayment tenures, and options tailored to your needs. Applying for a personal loan through LoanMoney enables you to maximize the advantages available to you.

Features of Personal Loan

A personal loan is a loan taken by the salaried individual to finance any personal expenses like Weddings Expenses, Home Renovations, Medical Expenses, Bill Payments, Dream Vacation Tours, Starting a Business, and Higher Education. In a Personal Loan, the borrower has full freedom to use the money for any purpose they want.

  • Collateral-Free Loan
  • Minimal Documentation
  • Attractive Interest Rate
  • Flexible Repayment Options
  • Lowest Equated Monthly Installments (EMIs)
  • Extended Loan Tenure
  • Doorstep Services
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All Banks Personal Loan

Bank Name

Loan Amount

Interest Rate

Special Features

Eligibility Criteria

  • Salaried - Age at least 21 and less than 60
  • Applicant Should Be Earning at Least 25,000 Per Month as Net Income

Documents

Current Address Proof is Not Mandatory if Aadhar Card OTP Verified

  • Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
  • Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance & Job Continuity Proof Required

Fees & Charges

  • Nil Charges For Closure and Part Payment Available For More Than 10 Lac Loan Amount.
  • Pre-closure Fee - 5% Of Principal Outstanding (After One Month) In 2nd Year. 4% In 3rd Year & 3% Afterwards
  • Part-payments Can Be Made After One EMI 5%. For Part Payments Between 13 To 24 Months, A Fee Of 4% Is Applicable On The Part-payment Between 26 To 36 Months, 3% Is Applicable
  • Part-payments Are Allowed 12 Times In A Year.

Eligibility Criteria

  • Salaried - Age at least 23 and less than 58
  • Maximum Tenure - 72 Month
  • Applicant Should Be Earning at Least 35,000 Per Month as Net Income
  • Nil Closure and Part Payment Facility Available for More than 10 Lac Loan Amount.

Documents

  • Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - Latest 3 Months Salary Slip & 6 Months Bank Statements Of Till Date(Pdfc)
  • Additional Documents - Form 16 & Office I-Card Mandatory for Government Customers

Fees & Charges

  • Nil Charges For Closure and Part Payment Available For More Than 10 Lac Loan Amount.
  • 10 Lacs Loan Amount -pre-closure Fee = 4% Of Principal Outstanding 2nd Year. 3% In 3rd Year & 2% Afterwards.
  • Part-payments Can Be Made Only After 12 Months. For Part Payments Between 13 To 24 Months, A Fee Of 4% Is Applicable On The Part-payment Amount. 3% Is Applicable On Payments Between 25 To 36 Months. 2% Is Applicable Post 36 Months.
  • Part-payments Are Allowed Only Twice During The Loan Tenure And Once A Year. The Amount Cannot Exceed 25% Of The Principal Outstanding.
  • In Golden Edge Facility Pre Closure Charges Nil After 12 Months

Eligibility Criteria

  • Salaried - Age at least 23 and less than 65
  • Applicant Must Have A Monthly Income Of 35,000 Or More
  • For Non Listed Companies Monthly Income Should Be 40,000 Per Month

Documents

  • Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
  • Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance

Fees & Charges

  • Nil Charges For Closure And Part Payment Available For More Than 10 Lac Loan Amount.
  • Pre-closure Fee - 5% Of Principal Outstanding
  • Golden Edge Scheme Available More Than 10 Lacs Loan Amount

Eligibility Criteria

  • Age - At Least 23 And Less Than 58
  • Applicants Must Be Salaried Indian Residents Working At Mncs, Public Companies Or Other Large Private Organisations
  • Monthly Income Should Be More Than 35,000

Documents

  • Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date
  • Additional Documents - Form 16 & Office I-card

Fees & Charges

  • Pre-closure Fee = 5% Of Principal Outstanding

Eligibility Criteria

  • Salaried - Age at least 23 and less than 58
  • Applicant Should Be Earning at Least 25,000 Per Month as Net Income

Documents

  • Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - Latest 3 Months Salary Slip & 6 Months Bank Statements Of Till Date
  • Additional Documents - Form 16 & Office I-card

Fees & Charges

  • Pre-closure Fee = 4% Of Principal Outstanding (Plus Applicable Tax) In 2nd Year. 3% (Plus Applicable Tax) In 3rd Year & 2.5% (Plus Applicable Tax) Afterwards
  • Part-payments Can Be Made Only After 12 Months. For Part Payments Between 13 To 24 Months, A Fee Of 4% Is Applicable On The Part-payment Amount. 3% Is Applicable On Payments Between 25 To 36 Months. 2% Is Applicable Post 36 Months
  • Part-payments Are Allowed Only Twice During The Loan Tenure And Once A Year. The Amount Cannot Exceed 25% Of The Principal Outstanding

Eligibility Criteria

  • Salaried - Age at least 23 and less than 58
  • Self-employed - Age At Least 23 And Less Than 58, Office & House Should Be Own

Documents

  • Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
  • Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance
  • For Self Employed Need Minimum 2 Years Of Itr Copy & 6 Months Bank Statement Of Current Account With Gst Registration Certificate

Fees & Charges

  • Pre-closure Fee - 5% Of Principal Outstanding

Eligibility Criteria

  • Salaried - Age at least 23 and less than 58
  • Monthly Income Should Be More Than 20,000
  • For Listed & Non Listed Both
  • Digital Process

Documents

  • Selfie, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - 3 Months Bank Statements Of Till Date

Fees & Charges

  • Pre-closure Fee = 5% Of Principal Outstanding After 6th EMI.

Eligibility Criteria

  • Salaried - Age at least 23 and less than 58
  • Monthly Income Should Be More Than 20,000
  • For Listed & Non Listed Both
  • Digital Process

Documents

  • Selfie, Pan Card, Aadhaar Card & Current Address Proof
  • Income Proof - 3 Months Bank Statements Of Till Date

Fees & Charges

  • Pre-closure Fee = 5% Of Principal Outstanding After 6th EMI.
Check Your Eligibility

How much do you need?

Locations for Personal Loan

Personal Loan Reviews

Purpose for Taking Personal Loan

Wedding Expenditure

Make your wedding day more memorable by adding some extra facilities which a personal loan can provide for you.

Medical Emergencies

Fulfill your medical expenses like hospitalization bills, medical prescription bills, surgeries, etc

Balance Transfer

Pay less rate of interest and save more by applying for Personal Loan.

Credit Card Payment

Repay the entire credit card bill in one shot and then make pocket-friendly EMIs.

Higher Education

Reduces the strain on your family savings and eliminates the need to liquidate your investments in fixed deposits

Travel & Tourism

Planning to go on a vacation or looking for ways to pay for holiday travel without breaking your credit card.

Financial Restructuring

Maintain continuity in servicing the debt and get a certain degree of flexibility to restore financial stability.

Home Renovation

Don't need to wait for a longer time to renovate your home. Avail for a Personal Loan now.

Advantages with Loanmoney

Loanmoney is one of the leading Loan agencies in Delhi/NCR.

We offer all types of Loans like Personal Loan, Home Loan, Business Loan, and Loan Against Property.

Loan Money's main objective is to provide the Best deals with Multiple options with Transparency & safety.We deal with over 35 Banks & NBFC`S.

Our main focus is customer satisfaction that's why our customers rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.

Experienced Loan Advisor

We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, and CAs to guide hassle-free Loan processes and deliver on commitment.

Multi Bank Option

Loanmoney deals with Over 35 Banks & NBFCs, As per customer profile & financial status we give a minimum of 3 best deals for Personal Loan which is available in the market.

Free Doorstep Service

Loanmoney doesn't charge anything against the customer for the Service of your Loan and helps you to get the desired loan amount at the lowest rate.

End to End services

We are a very vibrant and dynamic Loan agency that manages all the processes ourselves from lead sourcing to Loan Disbursal. We work for customers utmost satisfaction.

Transparency & Safety

We will share every term and condition related to your Loan processes like interest rates, payment tenure, EMI, and any other charge applied during the Loan process & before loan disbursement on recorded lines.

Referral Program

Loanmoney offers an attractive scheme for earning extra bucks after getting a loan. Any Disburse customer can become our associate & can start earning on referring New customers to Loan Money.

FAQ of Personal Loan

  • What are the benefits of taking a personal loan with the help of Loanmoney?

    The benefits of taking a personal loan with the help of Loanmoney are:

    • Collateral-free Loan
    • Minimum Document Required
    • Attractive Rate of Interest
    • Flexible Repayment Option
    • Lowest EMI
    • Maximum Loan Tenure
    • Quick Disbursal
    • Door-Step Services
  • What is the tenure of a personal loan?

    Personal loans feature tenure of 1 year to 5 years or 12 to 60 months.

  • What are the key documents required when applying for a personal loan?

    The key documents required for a personal loan are:

    • Application Form with Passport size Photo
    • Identity proof: Voter ID Card, Aadhar Card, PAN Card, Passport, Driving License
    • Address proof: Voter ID Card, Aadhar Card, Driving License, Ration Card, Passport, Telephone/Electricity Bill, Rental Agreement.
    • Latest 3 months bank Passbook statement
    • Latest 3 months salary slip or current salary certificate.
    • Latest Form 16
  • Am I eligible for a personal loan?

    To be eligible for a personal loan, you must have a regular source of income to avail of a personal loan, whether you are a salaried individual, a self-employed business person, or a professional. Some other factors that are affected are credit history, residential location, and other factors as per the lender’s criteria.

  • What is an EMI?

    EMI stands for Equated Monthly Installment (EMI). It is a monthly payment given by a borrower to a creditor on a defined day in each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years.

  • What are Nil Foreclosure Charges in Personal Loan?

    The term Loan foreclosure means when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

    Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Personal Loan try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save you money that you were going to pay to the bank.

  • Do I need to provide any security or collateral to obtain a Personal Loan from Bank?

    No, you don’t have to provide any security, collateral, or guarantee to obtain a Personal Loan from Bank.

  • How much would I need to repay each month?

    At the time of booking your loan, the EMI (Equated Monthly Instalments) will be calculated based on the loan amount sanctioned, interest rate, and the tenor.

  • How long will it take for my Personal Loan to be processed?

    Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.

  • What happens if I miss an EMI payment or there is an ECS bounce?

    The bank will levy certain ECS bounce charges/penalties. In addition, it will get reported in your credit report. Depending on the severity of the default it can have a serious impact on your future credit possibilities like a home loan, car loan, etc. In addition, the banks can also take legal action against the borrower.

Clients words

What our clients say

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Who Can Take a Personal Loan

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