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Theo

● Personal Loan Expert

👋 Hi! I'm Theo, your personal loan expert.

Ask me anything — rates, eligibility, approval time, or which bank suits your profile.

👤 Personal Loan — Expert Guidance

No collateral required. Get funds in as little as 10 seconds. Compare offers from 15+ banks.

9.98%Starting Rate
₹50 LMax Loan
6 yrsMax Tenure
✅ No Collateral Required
⚡ 10-Second Approval (pre-qualified)
🔒 100% Secure

Compare Personal Loan Rates — 2026

Unsecured loans from top banks & fintechs. No collateral needed.

🔍 Filter

36%

Personal Loan Comparison

LenderInterest RateMax LoanMax TenureProcessing Fee
Kotak Mahindra Bank
Lowest Rate		9.98% p.a. Lowest₹40 L5 yrs3%
HDFC Bank
10-sec Approval		9.99% p.a.₹50 L5 yrsUp to 0.5%
Axis Bank
9.99% p.a.₹40 L5 yrsVaries
IDFC First Bank
Digital First		9.99% p.a.₹50 L5 yrsUp to 3.5%
IndusInd Bank
10.49% p.a.₹50 L5 yrsUp to 3%
ICICI Bank
10.75% p.a.₹40 L5 yrsUp to 2.5%
Tata Capital
NBFC		11.99–29.99% p.a.₹35 L6 yrsUp to 3%
MoneyView
Fintech		14–36% p.a.₹5 L5 yrsVaries
PaySense / Fibe
Fintech		16–36% p.a.₹5 L5 yrsVaries
* Rates indicative. Lower credit scores may attract higher rates. Updated March 2026.

Personal Loan EMI Calculator

Estimate your monthly EMI instantly

Adjust Parameters

Monthly EMI
₹0
₹0
Total Payment
₹0
Total Interest

💡 No collateral required. Funds disbursed in as little as 24 hours.

About Personal Loans

What is a Personal Loan?

A personal loan is an unsecured loan with no collateral requirement. You can use it for any personal need — medical, wedding, travel, home renovation, or debt consolidation.

Eligibility

Age21 – 60 years
Min Salary (Salaried)₹15,000–₹30,000/month
Min Income (Self-employed)₹3 L/year
Credit Score750+ for best rates
Employment1+ yr (salaried), 3+ yrs (self-employed)

Best For

  • Lowest rates: Kotak, HDFC, Axis, IDFC (9.98–9.99%)
  • Fastest approval: HDFC (10-second for pre-qualified)
  • Highest amounts: HDFC, IDFC, IndusInd (₹50L)
  • Lower credit / first-time: MoneyView, PaySense, Fibe

Common Uses

  • Medical expenses
  • Wedding costs
  • Travel & vacation
  • Home renovation
  • Debt consolidation
  • Electronics / gadgets
  • Any urgent personal need

Documents Required

  • PAN Card & Aadhaar
  • Last 3 months salary slips
  • 6 months bank statements
  • Form 16 / ITR
  • Employment certificate

Key Advantages

  • No collateral needed
  • Quick disbursal (24–72 hrs)
  • Flexible end use
  • Fixed EMI — easy to budget

Frequently Asked Questions

Most banks allow 10–20x your monthly salary. On ₹30,000/month, you can typically get ₹3–6 lakhs. With a strong credit score (750+), some lenders may extend up to ₹10–15L. Existing EMIs reduce your eligibility.
750+ gets you the best rates from Kotak/HDFC/Axis. 700–749 is acceptable with slightly higher rates. Below 700, fintech lenders like MoneyView and PaySense are better options, though at higher rates (14–36%).
HDFC Bank offers 10-second approval for pre-qualified customers. Generally, you can expect in-principle approval in 2–4 hours and disbursal within 24–72 hours from most banks. Fintech lenders can sometimes disburse within hours.
Yes, most lenders allow prepayment after 6–12 months (lock-in period). Banks may charge a prepayment penalty of 2–5% of outstanding principal. Some lenders offer zero prepayment charges — our experts can guide you.

Need Funds Fast? Get Your Personal Loan Today

Expert help — compare, apply, and get disbursed in 24–72 hours

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Theo

Your AI Financial Expert

👋 Hi! I'm Theo, your AI financial expert. What are you looking for today?