Loan Types

Types of Personal Loans

Choose the right personal loan for your financial needs

Unsecured Personal Loans

No collateral required, approved based on income and creditworthiness

Loan Amount

₹50,000 - ₹50 lakhs

Interest Rate

8% - 15% p.a.

Tenure

12-60 months

Approval

24-48 hrs

Key Features

  • Quick approval (24-48 hours)
  • No asset pledging
  • Higher interest rates
  • Lower loan amount

Secured Personal Loans

Requires collateral like property, vehicle, or fixed deposits

Loan Amount

₹1 lakh - ₹2 crores

Interest Rate

6% - 10% p.a.

Tenure

24-84 months

Approval

24-48 hrs

Key Features

  • Lower interest rates
  • Higher loan amounts
  • Longer tenure available
  • Risk of asset loss

Debt Consolidation Loans

Combine multiple debts into single loan with lower EMI

Loan Amount

₹50,000 - ₹1 crore

Interest Rate

8% - 12% p.a.

Tenure

24-60 months

Approval

24-48 hrs

Key Features

  • Reduced EMI burden
  • Single loan repayment
  • Improved credit score
  • Flexible repayment

Emergency/Personal Loans

Quick loans for urgent financial needs without collateral

Loan Amount

₹25,000 - ₹10 lakhs

Interest Rate

10% - 18% p.a.

Tenure

6-36 months

Approval

24-48 hrs

Key Features

  • Instant disbursal
  • Minimal documentation
  • No collateral
  • Higher interest rates

Wedding Loans

Special loans for wedding expenses with lower rates

Loan Amount

₹50,000 - ₹50 lakhs

Interest Rate

7% - 12% p.a.

Tenure

12-60 months

Approval

24-48 hrs

Key Features

  • Lower interest rates
  • Higher approval chance
  • Special discounts
  • Flexible tenure

Home Improvement Loans

Loans specifically for renovation, repair, and home upgrades

Loan Amount

₹50,000 - ₹50 lakhs

Interest Rate

8% - 13% p.a.

Tenure

12-60 months

Approval

24-48 hrs

Key Features

  • Purpose-specific rates
  • Flexible terms
  • Quick disbursement
  • Tax deductible

Comparison: Which Loan is Right for You?

Loan TypeInterest RateApproval SpeedBest For
Unsecured Personal Loans8% - 15% p.a.24-48 hrsQuick loans
Secured Personal Loans6% - 10% p.a.24-48 hrsLarge amounts
Debt Consolidation Loans8% - 12% p.a.24-48 hrsDebt reduction
Emergency/Personal Loans10% - 18% p.a.24-48 hrsUrgencies
Wedding Loans7% - 12% p.a.24-48 hrsWeddings
Home Improvement Loans8% - 13% p.a.24-48 hrsHome upgrades

Find Your Perfect Personal Loan

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