APPLY FOR A PERSONAL LOAN
Quick approval, competitive rates, and flexible repayment options to help you achieve your financial goals.
Top Private Banks For Home Loan
RBL Bank Personal Loan
Interest Rate
14% - 23%
Loan Amount
₹1L - ₹20L
EMI Per Lakh
₹2327 - ₹2819
Processing Fees
Up to 2% of loan amount
Pre Payment Charges
- Between 13 to 18 months: 5% of outstanding principal.
- After 18 months: 3% of outstanding principal.
- After 12 regular EMIs: NIL
DCB Bank Personal Loan
Interest Rate
13% - 25%
Loan Amount
₹1L - ₹5L
EMI Per Lakh
₹2275 - ₹2935
Processing Fees
Up to 3% of loan sanctioned
Pre Payment Charges
--
Karnataka Bank Personal Loan
Interest Rate
12% - 17%
Loan Amount
₹1L - ₹25L
EMI Per Lakh
₹2224 - ₹2485
Processing Fees
Up to 2% of loan amount (Min. Rs 2,500 & Max. Rs 8,500)
Pre Payment Charges
--
Reliance Capital Personal Loan
Interest Rate
11.99% - 16.25%
Loan Amount
-
EMI Per Lakh
₹2224 - ₹2445
Processing Fees
Up to 2%
Pre Payment Charges
Before 6 months of disbursement date: 5% of the principal outstanding plus GST
Federal Bank Personal Loan
Interest Rate
11.49% - 14.49%
Loan Amount
₹50K - ₹50L
EMI Per Lakh
₹2199 - ₹2532
Processing Fees
Up to 3% of loan amount
Pre Payment Charges
- Pre-payment/pre-closure charges - Floating Rate Scheme - NIL
- Fixed Rate Scheme (including Byom Loans)- 3%
IDBI Bank Personal Loan
Interest Rate
11% - 15.5%
Loan Amount
₹25K - ₹5L
EMI Per Lakh
₹2174 - ₹2405
Processing Fees
1% of loan amount subject to maximum of Rs 2,500
Pre Payment Charges
--
Karur Vysya Bank Personal Loan
Interest Rate
11% - 14%
Loan Amount
₹50K - ₹10L
EMI Per Lakh
₹2174 - ₹2327
Processing Fees
1.50% of the requested loan amount
Pre Payment Charges
--
IDFC FIRST Bank Personal Loan
Interest Rate
10.99%
Loan Amount
₹20K - ₹1Cr
EMI Per Lakh
₹2174 - ₹2174
Processing Fees
Up to 3.5% of the loan amount
Pre Payment Charges
Foreclosure charges 5% of the loan amount
YES Bank Personal Loan
Interest Rate
10.99% - 20%
Loan Amount
₹1L - ₹40L
EMI Per Lakh
₹2174 - ₹2649
Processing Fees
Up to 2%
Pre Payment Charges
Prepayment Charges
Kotak Bank Personal Loan
Interest Rate
10.99%
Loan Amount
₹50K - ₹40L
EMI Per Lakh
₹2174 - ₹2174
Processing Fees
Up to 5% of loan amount
Pre Payment Charges
0-12 months: Lock-in period 1- 3 years: 4% + GST 3 years onwards: 2% + GST
ICICI Bank Personal Loan
Interest Rate
10.85% - 16.25%
Loan Amount
₹2.5L - ₹50L
EMI Per Lakh
₹2167 - ₹2445
Processing Fees
Upto 2.50% of loan amount plus applicable taxes
Pre Payment Charges
- 3% plus applicable taxes on principal outstanding after payment of 1st EMI and Nil if 12 or more EMIs are paid. For MSE classified customers, charges are Nil after payment of the 1st EMI for Loan amount upto 50 lakhs.
For salaried customers
CITI Bank Personal Loan
Interest Rate
10.75% - 16.49%
Loan Amount
₹50K - ₹30L
EMI Per Lakh
₹2162 - ₹2212
Processing Fees
Up to 3% of the borrowed loan amount
Pre Payment Charges
Up to 4% of the outstanding principal plus interest for the ongoing month
Deutsche Bank Personal Loan
Interest Rate
10.75% - 11.75%
Loan Amount
₹50K - ₹15L
EMI Per Lakh
₹2162 - ₹2212
Processing Fees
Up to 2% of the loan amount
Pre Payment Charges
5% of the outstanding principal amount (fixed rate loan)
HDFC Bank Personal Loan
Interest Rate
10.5% - 24%
Loan Amount
₹50K - ₹40L
EMI Per Lakh
₹2149 - ₹2877
Processing Fees
Up to ₹ 6,500/-
Pre Payment Charges
- 4% of the outstanding principal (loan tenure between 13 - 24 months)
- 3% of the outstanding principal (loan tenure between 25 - 36 months)
- 2% of the outstanding principal (loan tenure if over 36 months)
Axis Bank Personal Loan
Interest Rate
10.25% - 22%
Loan Amount
₹50K - ₹40L
EMI Per Lakh
₹2137 - ₹2762
Processing Fees
up to 2% of the loan amount + GST as applicable
Pre Payment Charges
- 5% + GST (as applicable)
- Part-payment charges shall be charged on the amount of part payment. For loans disbursed 4th October, 2023 onwards:
- *Pre-payment Charges shall be charged on principal outstanding
IndusInd Bank Ltd Personal Loan
Interest Rate
10.25% - 26%
Loan Amount
₹3L - ₹75L
EMI Per Lakh
₹2137 - ₹2994
Processing Fees
Up to 3% of the sanctioned loan amount
Pre Payment Charges
4% of outstanding principal (after repayment of 12 EMIs)
HSBC Bank Personal Loan
Interest Rate
9.99% - 16%
Loan Amount
Up to ₹30L
EMI Per Lakh
₹2124 - ₹2432
Processing Fees
Up to 2% of the disbursed loan amount. Processing fee paid/deducted is non refundable
Pre Payment Charges
- 5% within 1 year of tenure,
- 4% within 2 years,
- 3% within 3 years,
- 2 % after 3 years.
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.