APPLY FOR A PERSONAL LOAN
Quick approval, competitive rates, and flexible repayment options to help you achieve your financial goals.
Top Public Banks For Home Loan
Bank of india Personal Loan
Interest Rate
10.25% - 14.85%
Loan Amount
Up to ₹10L
EMI Per Lakh
₹2137 - ₹2371
Processing Fees
Up to 1% (Maximum Rs 7,500)
Pre Payment Charges
- There is no prepayment penalty if the loan is adjusted by the borrower from his/her own verifiable legitimate sources.
Prepayment penalty
Indian Bank Personal Loan
Interest Rate
11% - 15%
Loan Amount
-
EMI Per Lakh
₹2174 - ₹2379
Processing Fees
Up to 2% of the loan amount
Pre Payment Charges
- 5% Pre Closure Charge
- After 6 months of account opening – 5%
- Within 6 months of account opening – 6%
Prepayment Charges
Canara Bank Personal Loan
Interest Rate
10.95% - 16.4%
Loan Amount
₹1L - ₹10L
EMI Per Lakh
₹2172 - ₹2453
Processing Fees
Up to 0.50% of loan amount (Rs 1,000 to Rs 5,000)- 50% off on processing fee
Pre Payment Charges
--
Bank of Maharashtra Personal Loan
Interest Rate
10%
Loan Amount
Up to ₹20L
EMI Per Lakh
₹2125 - ₹2125
Processing Fees
1% of loan amount
Pre Payment Charges
- Documentation Charges - 0.20% of the loan amount + GST.
Union Bank of India Personal Loan
Interest Rate
11.35% - 15.45%
Loan Amount
Up to ₹50L
EMI Per Lakh
₹2192 - ₹2403
Processing Fees
Up to 1% (Maximum Rs 7,500)
Pre Payment Charges
There is no prepayment penalty if the loan is adjusted by the borrower from his/her own verifiable legitimate sources.
Punjab National Bank Personal Loan
Interest Rate
10.4% - 16.95%
Loan Amount
Up to ₹20L
EMI Per Lakh
₹2144 - ₹2483
Processing Fees
Up to 1% of the loan amount
Pre Payment Charges
--
Bank Of Baroda Personal Loan
Interest Rate
10.35% - 18.25%
Loan Amount
₹1L - ₹20L
EMI Per Lakh
₹2142 - ₹2553
Processing Fees
NIL
Pre Payment Charges
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Punjab & Sind Bank Personal Loan
Interest Rate
11.25% - 14%
Loan Amount
Up to ₹10L
EMI Per Lakh
₹2187 - ₹2327
Processing Fees
Up to 1.00% of loan amount
Pre Payment Charges
--
State Bank of India Personal Loan
Interest Rate
11%
Loan Amount
-
EMI Per Lakh
₹2174 - ₹2174
Processing Fees
NIL
Pre Payment Charges
--
Personal Loan Overview
Personal loans are versatile financial solutions designed to meet a variety of personal and professional needs. Whether you're planning a wedding, consolidating debt, financing a home renovation, or managing unexpected expenses, personal loans offer quick access to funds without requiring collateral. At Pluto Money, we bring you multiple personal loan options to help you find the best fit for your financial needs. Our platform simplifies the process of exploring, and applying for loans with trusted lenders, ensuring a seamless and transparent experience.
Personal Loan Calculator
Your EMI Amount
Total Payment
₹ 0
Interest Payable
₹ 0
Loan Categories
Wedding Loan
Make your dream wedding a reality with our special wedding loan packages.
Home Renovation
Transform your living space with our home renovation loan options.
Medical Emergency
Get immediate financial assistance for medical emergencies.
Education Loan
Invest in your future with our education loan solutions.
Debt Consolidation
Simplify your finances by consolidating multiple debts.
Travel Loan
Plan your dream vacation with our travel loan options.
Features and benefits of Instant Personal Loan
Pre-assigned limits
No need to complete the entire application process to know how much loan you will get.
Check offer
You can check your Insta Personal Loan offer by entering your mobile number and OTP.
Immediate processing
Our Insta Loans work like a green channel with no documentation required* and money in your account in just 30 minutes*.
Flexible loan tenures
Manage your loan repayment with options ranging from 12 months to 87 months.
No hidden charges
You can read our Insta Personal Loan fees and charges on this page and on our loan documents. There are no hidden charges.
Eligibility criteria and documents required
If you are an existing customer
- Since you are an existing customer with a pre-approved offer, there are no additional eligibility criteria that apply to you.
- Some of our existing customers may be asked to submit additional documents, such as your income proof, KYC documents, and bank statement to apply for instant personal loan.
Documents required
- KYC documents: Aadhaar/ passport/ voter's ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
Age: 21 years to 80 years*
*Higher age limit applicable at the time of loan maturity.
How to Apply
Fill Application
Complete the online application form with your personal and professional details
Upload Documents
Submit the required KYC and income documents online
Get Approval
Receive instant approval and loan disbursement
Fees and charges on Insta Personal Loan
Rate of Interest: The annual percentage of the loan amount charged by the lender for borrowing. Typical Range: 10% to 24% per annum. Disclaimer: The exact rate depends on the borrower’s credit score, income, loan tenure, and lender policies.
Processing Fees: A non-refundable fee charged by lenders to process the loan application. Typical Amount: 1% to 3% of the loan amount (plus applicable taxes). Disclaimer: This fee varies between lenders and loan products.
Documentation Charges: Fees for verifying and handling documents required for the loan. Typical Amount: ₹500 to ₹2,000. Disclaimer: Some lenders may waive this fee for eligible borrowers.
Bounce Charges: Penalty charged for dishonored EMI payments due to insufficient funds. Typical Amount: ₹300 to ₹1,000 per bounce. Disclaimer: Amounts depend on the lender’s policies.
Penal Charges: Additional penalty for delayed EMI payments. Typical Amount: 2% to 4% of the overdue amount per month. Disclaimer: The rate and conditions may vary based on the lender.
| Type of fee | Applicable charges |
|---|---|
| Rate of interest | 16% to 32% p.a. |
| Processing fees | Up to 3.93% of the loan amount (inclusive of applicable taxes) |
| Documentation charges | Not applicable |
| Bounce charges | Rs. 700/- per bounce |
| Penal charge | Rs. 8 per day per instalment |
Frequently Asked Questions
What is the maximum loan amount I can get?
The maximum loan amount depends on your income, credit score, and other eligibility factors. You can check your pre-approved offer by entering your mobile number.
What is the processing time for loan disbursement?
For pre-approved customers, loans can be disbursed within 30 minutes* after document verification. For new customers, it may take up to 24 hours.
Can I prepay my loan?
Yes, you can prepay your loan after paying the first EMI. Prepayment charges may apply as per the terms and conditions.
What is the minimum credit score required?
While we don't have a strict minimum credit score requirement, a score above 750 increases your chances of approval with better interest rates.
Can I change my EMI date?
Yes, you can request to change your EMI date once during the loan tenure through our customer portal or by contacting customer service.