Apply for a Personal Loan up to ₹50 Lakh at 9.99%* p.a.
- Compare offers from 30+ banks & NBFCs
- Instant approval, disbursal in as fast as 24 hours
- No collateral, minimal documentation
Interest from
9.99% p.a.
Loan up to
₹50 Lakh
Tenure
1 – 7 years
Personal Loan at a Glance
| Feature | Details |
|---|---|
| Interest Rate | 9.99% – 24% p.a. |
| Loan Amount | ₹50,000 – ₹50 Lakh |
| Tenure | 12 – 84 months |
| Processing Fee | Up to 3% of loan amount |
| Minimum CIBIL Score | 700+ preferred |
| Disbursal Time | 24 – 72 hours |
Personal Loan Interest Rates
Compare offers from our lending partners. Rates are indicative and depend on your profile.
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee | |
|---|---|---|---|---|---|
 HDFC Bank | 10.90% onwards | Up to ₹40 Lakh | Up to 6 years | Up to ₹6,500 | Apply |
 ICICI Bank | 10.85% onwards | Up to ₹50 Lakh | Up to 6 years | Up to 2% | Apply |
 Axis Bank | 11.25% onwards | Up to ₹40 Lakh | Up to 7 years | Up to 2% | Apply |
 IDFC FIRST Bank | 10.99% onwards | Up to ₹10 Lakh | Up to 5 years | Up to 3.5% | Apply |
 Tata Capital | 11.99% onwards | Up to ₹35 Lakh | Up to 6 years | Up to 5.5% | Apply |
 Kotak Mahindra Bank | 10.99% onwards | Up to ₹40 Lakh | Up to 6 years | Up to 5% | Apply |
Key Features & Benefits
No Collateral
Unsecured loan — no need to pledge property or gold.
Use for Anything
Wedding, travel, medical, education or debt consolidation.
Flexible Tenure
Repay comfortably in 1 to 7 years.
Quick Disbursal
Money in your account within 24–72 hours of approval.
Personal Loan EMI Calculator
Use the sliders to see your monthly EMI and total interest.
Eligibility Criteria
- Age between 21 and 60 years
- Salaried with minimum net monthly income of ₹15,000, or self-employed with stable income
- Minimum 1 year total work experience
- CIBIL score of 700 or above preferred
- Indian resident
Documents Required
- PAN Card and Aadhaar Card
- Last 3 months salary slips (salaried)
- Last 6 months bank statement
- Form 16 / ITR for last 2 years (self-employed)
- Passport size photograph
Fees & Charges
| Particulars | Charges |
|---|---|
| Processing Fee | 0.5% – 3% of loan amount |
| Prepayment / Foreclosure | 0% – 5% of outstanding principal |
| Late EMI Payment | 2% – 3% per month on overdue amount |
| Cheque / ECS Bounce | ₹400 – ₹600 per instance |
How to Apply for Personal Loan via MyLoanWala
- 1
Fill a short form with your name, mobile number and loan requirement.
- 2
Our loan expert calls you and compares offers from multiple banks & NBFCs.
- 3
Choose the best offer and submit documents online.
- 4
Get approval and money credited directly to your bank account.
Personal Loan — FAQs
What is the minimum CIBIL score required for a personal loan?
Most lenders prefer a CIBIL score of 700 or above. Some NBFCs may approve loans for lower scores at a higher interest rate.
How fast can I get a personal loan?
With complete documents, many lenders approve and disburse within 24 to 72 hours. Pre-approved customers can get funds even faster.
Can I get a personal loan if I am self-employed?
Yes. Self-employed individuals with a stable business income and ITR for the last 2 years can apply.
Can I prepay my personal loan?
Yes, most lenders allow part-prepayment or foreclosure after a lock-in period, sometimes with a small charge.