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1 Lakh Personal Loan
Are you in need of immediate funds? Do you require a loan of Rs. 1 Lakh to cover unexpected expenses or to fulfill a dream? In today's fast-paced world, traditional loan processes can be time-consuming and tedious. But with the rise of digital lending platforms, getting an instant personal loan has become easier than ever before.
In this article, we'll explore the benefits of an instant personal loan and how you can get one of Rs. 1 Lakh in no time.
- Personalized Personal Loan solutions
- Expert guidance
- Application assistance
- Credit score discussion
- Personal Loan Interest rate comparison
Table of Content
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₹1 Lakh Personal Loan Highlights
A ₹1 lakh personal loan can be a lifesaver for various needs. Here’s why it stands out:
- Fast Approval & No Collateral: Unlike traditional loans, you don’t need to pledge assets for approval. This makes it quicker and easier to get the cash you need.
- Flexible Repayment: Choose a repayment term (1-5 years, sometimes even longer) that fits your budget.
- Multiple Uses: Unlike targeted loans, a personal loan offers freedom to use the funds for anything you need, from medical bills to travel.
- Easy Eligibility: Qualify with a stable income, good credit score (ideally 700+), employment history, and being within the age range (typically 21-60 years).
Why Choose an Instant 1 Lakh Personal Loan?
An instant personal loan is a type of unsecured loan that can be availed quickly and easily. Unlike traditional loans, which require extensive paperwork and a lengthy approval process, an instant personal loan can be approved and disbursed within a matter of hours.
Quick and Easy Application Process
The application process for an instant personal loan is simple and can be completed online. All you need to do is fill out a form with your personal and financial details, upload the necessary documents, and submit the application. This eliminates the need for multiple visits to the bank and saves you time and effort.
No Collateral Required
An One lakh instant personal loan is an unsecured loan, which means you do not need to provide any collateral or security to avail it. This makes it a convenient option for those who do not have any assets to pledge as collateral.
Flexible Repayment Options
With an 1 lakh instant personal loan, you can choose a repayment tenure that suits your financial situation. Most lenders offer flexible repayment options ranging from 12 to 60 months. This allows you to repay the loan in smaller, more manageable installments.
No Restriction on Usage
Unlike other loans that have specific purposes, an instant personal loan can be used for any purpose. Whether you need to cover medical expenses, plan a wedding, or take a vacation, an instant personal loan gives you the freedom to use the funds as you wish.
Comparing 1 Lakh Personal Loan Offers
Taking a loan will always have additional payments and fees. It is prudent to be aware of these charges beforehand. Some of these charges can include processing fees, interest rates, preparation charges, and foreclosure charges. Here is a table of a few banks and their respective interest rates and charges.
Bank | Interest Rate | Processing Fee | Part Prepayment Charges | Foreclosure Charges |
Axis Bank | 10.49% – 24% | Up to Rs 4,999 | N/A | 2% – 4% of principal outstanding |
HDFC Bank | 10.50% – 21.50% | Up to 2.50% of the loan amount is subject to a minimum of Rs. 1,999/- & Maximum of Rs. 25000/- for Salaried Customers. | N/A | 13-24 Months – 4% of Principal Outstanding,25-36 Months – 3% of Principal Outstanding,>36 Months – 2% of Principal Outstanding |
ICICI Bank | 10.50% – 18.49% | Up to 2.25% per annum of loan amount plus GST | N/A | 5% per annum of principal outstanding plus GST |
Kotak Mahindra Bank | 10.99% – 20.99% | Up to 2.5% of the loan amount + GST and other applicable statutory levies | N/A | N/A |
IndusInd Bank | 10.99% – 16.00% | Up to 2.50% of the loan amount plus tax | N/A | N/A |
Bajaj Finserv | 11.00% – 35.00% | Up to 3.99% of the loan amount + GST and other applicable statutory levies | NIL | NIL |
State Bank of India | 11.05% – 15.05% | Rs.1000/- +GST (Non-refundable) for loans up to Rs.10 lakh and Rs.2000/- +GST (Non-refundable) for loans above Rs.10 lakh and up to Rs.20 lakh. | NIL (for loans up to Rs.25 lakh) or as per the scheme terms and conditions (for loans above Rs.25 lakh) | NIL (for loans up to Rs.25 lakh) or as per the scheme terms and conditions (for loans above Rs.25 lakh) |
How to Get an Instant Personal Loan of Rs. 1 Lakh?
Now that you know the benefits of an instant personal loan, let’s look at the steps you need to follow to get one of Rs. 1 Lakh.
Check Your Eligibility
Before applying for an instant personal loan, it’s essential to check your eligibility. Most lenders have certain criteria that you need to meet to be eligible for a loan. This includes your age, income, credit score, and employment status. You can use an online eligibility calculator to determine your eligibility for a loan of Rs. 1 Lakh.
To be eligible for a personal loan of INR 1 lakh, applicants typically need to meet the following criteria:
- Age: 21-60 years old (range may vary by lender)
- Residency: Indian resident
- Employment: Salaried or self-employed with steady income
- Income: Minimum monthly threshold (varies by lender, often around ₹20,000)
- Credit Score: Good credit history preferred (usually above a certain threshold)
- Work Experience: Minimum work experience may be required (often 1 year, with 6 months at current job for salaried applicants)
Gather the Required Documents
To apply for an instant personal loan, you will need to provide certain documents. These typically include proof of identity, address, income, and employment. Make sure to have these documents ready before starting the application process to avoid any delays.Typically the following documents are necessary:
- Proof of Identity: This could include your PAN card, Aadhaar card, Driving License, or Passport.
- Proof of Address: You may provide utility bills, Aadhaar card, or a Lease/Rent Agreement as proof of your residential address.
- Proof of Income: It’s essential to showcase your financial stability through documents such as salary slips for the past three months or bank statements displaying your income details.
- Proof of Employment: Documentation validating your employment status, like an employment letter or any other relevant document demonstrating your current job status, is vital.
Compare 1 Lakh Personal Loan Interest Rates
With the rise of digital lending platforms, there are numerous lenders offering instant personal loans. It’s essential to compare the interest rates, processing fees, and other charges of different lenders to find the best deal.
Here is a table of banks and their respective interest rate offers on a personal loan of 1 lakh.
Bank | Interest Rate |
State Bank of India | 11.05% – 15.05% |
Punjab National Bank | 10.40% – 16.95% |
Axis Bank | 10.49% – 24% |
HDFC Bank | 10.50% – 21.50% |
ICICI Bank | 10.50% – 18.49% |
Kotak Mahindra Bank | 10.99% – 20.99% |
Bajaj Finserv | 11.00% – 35.00% |
Union Bank of India | 11.40% – 15.50% |
Bank of India | 10.25% – 14.75% |
Central Bank of India | 10.95% – 12.55% |
Apply Online
1. Online Application: Head over to Urban Money’s official website to initiate your application directly.
2. Speak to a Loan Specialist (Optional): If you prefer personalized guidance, call our dedicated loan specialist team at 1800 208 3344. They’ll walk you through the process and ensure a smooth experience.
3. Get Expert Support: Our team is committed to finding a quick solution for your financial needs. They’ll answer your questions and support you throughout the application process.
Get Instant Funds
If your loan application is approved, the funds will be disbursed to your bank account within a few hours. This allows you to get the funds you need quickly and without any hassle.
1 Lakh Personal Loan Payment Tenures
One Lakh Loan tenures typically range from 1 to 5 years, with some lenders extending to 6 or 7 years. The longer the tenure, the lower your monthly EMI (Equated Monthly Installment) but the higher the total interest paid. Choose a tenure that fits your budget and repayment plan.
Keep in mind:
- Shorter tenure = Higher EMI, Lower total interest
- Longer tenure = Lower EMI, Higher total interest
Here’s a brief overview of the EMI amounts for different tenures at an interest rate of 11% p.a.
Loan Amount (INR) | Tenure (Years) | Interest Rate (p.a.) | EMI (INR) |
---|---|---|---|
1,00,000 | 1 | 11% | 8,838 |
1,00,000 | 2 | 11% | 4,661 |
1,00,000 | 3 | 11% | 3,274 |
1,00,000 | 4 | 11% | 2,585 |
1,00,000 | 5 | 11% | 2,174 |
Remember, the actual EMI can vary based on the specific interest, Use online EMI calculator to estimate your payment based on your loan amount and tenure.
Tips for Getting an Instant Personal Loan of Rs. 1 Lakh
Here are some tips to keep in mind when applying for an instant personal loan of Rs. 1 Lakh:
Maintain a Good Credit Score
Your credit score plays a crucial role in determining your eligibility for a loan and the interest rate you will be offered. It’s essential to maintain a good credit score by paying your bills and EMIs on time and keeping your credit utilization low.
Choose a Shorter Repayment Tenure
While a longer repayment tenure may seem attractive as it results in smaller monthly installments, it also means paying more interest over time. It’s advisable to choose a shorter repayment tenure if you can afford it to save on interest.
Avoid Multiple Loan Applications
Applying for multiple loans at the same time can negatively impact your credit score and reduce your chances of getting approved for a loan. It’s best to research and compare lenders before applying for a loan to avoid multiple applications.
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Loans
- 30 Lakh Home Loan EMI
- Kotak Mahindra Bank Personal Loan of 2 Lakh
- BOB Housewife Personal Loan
- ICICI Bnak Housewife Personal Loan
- RBL Bank Personal Loan of 2 Lakh
- HSBC Bank Small Loans
- Bank of Maharashtra Personal Loan of Rs. 5 Lakh
- IDBI Bank Personal Loan of 3 Lakh
- IDFC First Bank Personal Loan Balance Transfer
- Union Bank of India Personal Loan of 9 lakh
- Indusind Bank Personal Loan of 6 Lakh
- Indian Bank small loans
- IDBI Bank Salaried Employee Personal loan
- 20 Lakh Home Loan EMI
- HSBC Bank Overdraft Loan
- HSBC Bank Personal Loan Transfer
- Yes Bank Travel Loan
- Kotak Travel Loan
- HDFC Personal Loan of 2 Lakh
- Canara Travel Loan
- HDFC Personal Loan of 4 Lakh
- SBI Personal Loan of 20,000
- Bank Of Baroda Small Loans
- RBL Bank Travel Loan
- SBI Personal Loan of 3 Lakh
- IndusInd Bank Medical Loan
- SBI Personal Loan of 5000
- SBI Personal Loan of 4 Lakh
- SBI Personal Loan of 40000
- BOB Personal Loan of 7 Lakh
- SBI Personal Loan of 7 Lakh
- SBI Personal Loan of 10 Lakh
- BOB Personal Loan of 50000
- BOB Personal Loan of 10 Lakh
- HSBC Bank Medical Loan
- HDFC Personal Loan of 3 Lakh
- Canara Bank Housewife Personal Loan
- HDFC Personal Loan of 5 Lakh
- SBI Personal Loan of 10000
- SBI Personal Loan of 25000
- Canara Bank Students Personal Loan
- PNB Bank Medical Loan
- ICICI Personal Loan of 10000
- ICICI Personal Loan of 5000
- ICICI Personal Loan of 15000
- HDFC Personal Loan of 1 Lakh
- BOB Personal Loan for Doctors
- BOB Personal Loan of 2 Lakh
- BOB Bank Wedding Loan
- HDFC Personal Loan of 6 Lakh
- Union Bank of India Personal Loan of 8 lakh
- SBI Personal Loan of 15,000
- ICICI Personal Loan of 20000
- SBI Personal Loan of 30000
- ICICI Personal Loan of 50000
- SBI Personal Loan of 50000
- ICICI Personal Loan of 1 Lakh
- SBI Personal Loan of 1 Lakh
- SBI Personal Loan of 2 Lakh
- Indian Bank Medical Loan
- SBI Personal Loan of 5 Lakh
- SBI Personal Loan of 6 Lakh
- SBI Personal Loan of 8 Lakh
- ICICI Personal Loan of 2 Lakh
- SBI Personal Loan of 9 Lakh
- BOB Personal Loan of 10000
- BOB Personal Loan of 40000
- Bank of India Medical Loan
- BOB Personal Loan of 1 Lakh
- ICICI Personal Loan of 3 Lakh
- BOB Personal Loan of 8 Lakh
- BOB Personal Loan of 9 Lakh
- Bank of Maharashtra Wedding Loan
- Canara Bank Self Employed Personal Loan
- Karnataka Bank Wedding Loan
- Karnataka Bank Travel Loan
- Punjab & Sind Bank Medical Loan
- Federal Bank Medical Loan
- Union Bank Small Personal Loan
- Federal Bank Travel Loan
- ICICI Bank Personal Loan Balance Transfer
- ICICI Personal Loan for Wedding
- Yes Bank Personal Loan of 1 Lakh
- HDFC Bank Personal Loan Balance Transfer
- RBL Bank Government Employees Personal loan
- Home Loan for 70000 Salary
- Kotak Mahindra Bank Personal Loan of 7 lakh
- Yes Bank Government Employee Personal loan
- Indusind Bank Personal Loan of 5 Lakh
- Indian Bank Personal Loan for Doctors
- Indusind Bank Personal Loan for Doctors
- Axis Bank Personal Loan of 5000
- Axis Bank Personal Loan of 10000
- Indusind Bank Students Personal loan
- Indusind Bank Personal Loan for Lawyers
- Federal Bank Personal Loan of 1 Lakh
- Union Bank Government Employees Personal loan
- Union Bank Personal Loan for Doctors
- Federal Bank Personal Loan of 4 Lakh
- Federal Bank Personal Loan of 7 Lakh
- Union Bank of India Personal Loan of 5 lakh
- ICICI Personal Loan of 4 Lakh
- BOB Students Personal Loan
- Axis Bank Personal Loan of 15000
- Axis Bank Personal Loan of 1 lakh
- Union Bank Housewife Personal loan
- Federal Bank Personal Loan of 6 Lakh
- Axis Bank Personal Loan of 2 lakh
- Axis Bank Personal Loan of 3 lakh
- Indian Bank Personal Loan of 8 lakh
- Canara Bank Small Personal Loan
- Axis Bank Personal Loan of 4 lakh
- Axis Bank Personal Loan of 5 lakh
- Karur Vysya Bank short term personal loan
- Axis Bank Personal Loan of 6 lakh
- Indusind Bank Senior Citizens/Pensioners Personal loan
- Canara Bank Personal Loan for Wedding
- Union Bank of India Personal Loan of 4 lakh
- Axis Bank Personal Loan of 7 lakh
- Axis Bank Personal Loan of 8 lakh
- HDFC Personal Loan of 10000
- HDFC Senior Citizen Personal Loan
- Federal Bank Personal Loan of 10 Lakh
- HDFC Government Employees Personal Loan
- Yes Bank Personal Loan of 2 Lakh
- HDFC Salaried Employee Personal Loan
- Indusind Bank Personal Loan of 1 Lakh
- Union Bank of India Personal Loan of 6 lakh
- HDFC Personal Loan for Doctors
- SBI Personal Loan Eligibility Calculator
- RBL Bank Personal Loan of 10 Lakh
- Union Bank Personal Loan for Lawyers
- Axis Bank Personal Loan of 40000
- HDFC Personal Loan for lawyers
- Axis Senior Citizen Personal Loan
- RBL Bank Personal Loan of 7 Lakh
- Axis Government Employees Personal Loan
- Union Bank of India Personal Loan of 2 lakh
- Axis Salaried Employee Personal Loan
- Indusind Bank Personal Loan of 9 Lakh
- Indusind Bank Personal Loan of 8 Lakh
- Indusind Bank Personal Loan of 40000
- Federal Bank Personal Loan of 3 Lakh
- Union Bank Students Personal loan
- Indusind Bank Salaried Employee Personal loan
- Kotak Personal Loan for Wedding
- ICICI Personal Loan of 10 Lakh
- IDBI Bank Personal Loan of 50000
- Axis Students Personal Loan
- Kotak Mahindra Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan for Lawyers
- Punjab Sind Bank overdraft loan
- RBL Bank Personal Loan of 8 Lakh
- Canara Bank Short-Term loan
- Union Bank of India Personal Loan of 1 lakh
- Federal Bank Personal Loan of 50000
- Union Bank Self Employed Personal loan
- Union Bank Salaried Employee Personal loan
- RBL Bank Personal Loan Transfer
- Yes Bank Personal Loan of 7 Lakh
- Canara Bank Personal Loan of 10 Lakh
- ICICI Bnak Self Employed Personal Loan
- Yes Bank Home Loan Eligibility Calculator
- 1 crore Home Loan EMI
- 50 Lakh Home Loan EMI
- 25 Lakh Home Loan EMI
- Union Bank Home Loan Eligibility Calculator
- Karur Vysya Bank Personal Loan for Doctors
- IDFC First Bank Personal Loan of 5000
- RBL Bank Personal Loan of 9 Lakh
- ICICI Bnak Personal Loan for Doctors
- RBL Bank Personal Loan of 50000
- IDFC First Bank Personal Loan of 2 Lakh
- HSBC Government Employee Personal Loan
- Indian Bank Personal Loan of 10 lakh
- Indian Bank Salaried Employee Personal loan
- IDFC First Bank Personal Loan of 10000
- RBL Bank Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 20,000
- IDFC First Bank Personal Loan of 25000
- IDBI Bank Personal Loan of 40000
- Karnataka Bank small loans
- IDFC First Bank Personal Loan of 1 Lakh
- Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 40000
- SBI Government Employees Personal Loan
- SBI Salaried Employee Personal Loan
- Canara Bank Personal Loan of 9 Lakh
- 10 Lakh SBI Home Loan
- Indian Bank Personal Loan of 9 lakh
- SBI Students Personal Loan
- SBI Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 5 Lakh
- SBI Self Employed Personal Loan
- Canara Bank Personal Loan of 7 Lakh
- Karnataka Bank overdraft loan
- SBI Personal Loan for Doctors
- Yes Bank Personal Loan of 50000
- SBI Personal Loan for Lawyers
- IDFC First Bank Personal Loan of 50000
- Canara Bank Personal Loan of 6 Lakh
- Union Bank of India Personal Loan of 50000
- Union Bank Senior Citizens/Pensioners Personal loan
- BOB Senior Citizen Personal Loan
- Yes Bank Personal loan for Doctors
- Axis Bnak Personal Loan for Doctors
- Axis Bnak Self Employed Personal Loan
- Federal Bank Salaried Employee Personal loan
- BOB Salaried Employee Personal Loan
- Axis Bank Fast Forward Home Loan Scheme
- Axis Bnak Housewife Personal Loan
- Kotak Mahindra Bank Personal Loan of 3 Lakh
- Indiabulls Home Loan Eligibility Calculator
- Kotak Home Loan Eligibility Calculator
- Federal Bank Students Personal loan
- 80 Lakh Home Loan EMI
- IDFC First Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 5 Lakh
- IDFC First Bank Personal Loan of 6 Lakh
- Kotak Mahindra Bank Personal Loan of 4 Lakh
- Indian Bank Government Employees Personal loan
- Yes Bank Self Employed Personal loan
- IDFC First Bank Personal Loan of 7 Lakh
- Canara Bank Home Loan Eligibility Calculator
- IDFC First Bank Personal Loan of 8 Lakh
- Holi 2024
- Yes Bank Students Personal loan
- Yes Bank Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 9 Lakh
- Union Bank of India Personal Loan of 7 lakh
- Indusind Bank Personal Loan of 2 Lakh
- Indusind Bank Personal Loan of 50000
- Union Bank of India Personal Loan of 40000
- Axis Bank Personal Loan of 30000
- Indusind Bank Personal Loan of 4 Lakh
- Yes Bank Personal Loan of 8 Lakh
- RBL Bank Personal Loan of 5 Lakh
- Federal Bank Personal Loan of 8 Lakh
- RBL Bank Personal Loan of 1 Lakh
- IDBI Bank Flexi Loan
- Indusind Bank Personal Loan of 10 Lakh
- Canara Bank Salaried Employee Personal loan
- ICICI Personal Loan of 7 Lakh
- Federal Bank Personal Loan of 5 Lakh
- Personal Loan for Government Employees
- Yes Bank Salaried Employee Personal loan
- Yes Bank Personal Loan of 6 Lakh
- RBL Bank Personal Loan of 40000
- ICICI Credit Card Application Status
- PMEGP Loan
- ICICI Personal Loan of 6 Lakh
- IDFC First Bank Personal Loan of 10 Lakh
- BOB Self Employed Personal Loan
- Kotak Bank Housewife Personal Loan
- Federal Bank Self Employed Personal loan
- Kotak Bank Personal Loan for Lawyers
- PNB Personal Loan of 3 Lakh
- Canara Bank Personal Loan for Senior Citizens
- RBL Bank Salaried Employee Personal loan
- Canara Medical Loan
- HDFC Personal Loan of 15000
- Axis Travel Loan
- Canara Bank Personal Loan for Doctors
- Federal Bank Housewife Personal loan
- Home Loan for 40000 Salary
- 15 Lakh Home Loan EMI
- Indian Bank Personal Loan of 1 lakh
- 70 Lakh Home Loan EMI
- Kotak Mahindra Bank Personal Loan of 9 lakh
- RBL Bank Self Employed Personal loan
- IDFC Home Loan Eligibility Calculator
- Canara Bank Personal Loan for Lawyers
- IDFC Personal Loan for Senior Citizens
- IndusInd Bank Overdraft Loan
- HSBC Bank Flexi Loan
- HDFC Personal Loan of 20000
- Yes Bank Housewife Personal loan
- ICICI Bank Overdraft Loan
- PNB Personal Loan of 4 Lakh
- Federal Bank Personal Loan of 9 Lakh
- HDFC Personal Loan of 50000
- Personal Loan of 20 Lakh
- Indusind Bank Personal Loan of 30000
- Personal Loan for CIBIL Score 650
- Personal Loan for CIBIL Score 650
- PNB Personal Loan for Doctors
- Federal Bank Overdraft Loan
- SBI Overdraft Loan
- Union Bank Flexi Loan
- IDFC Salaried Employee Personal Loan
- HDFC Bank Overdraft Loan
- Personal Loan for CIBIL Score of 700
- IDBI Bank Senior Citizens/Pensioners Personal loan
- Union Bank Personal Loan Transfer
- 4 Crore Home Loan EMI
- 55 Lakh Home Loan EMI
- IDFC First Bank Overdraft Loan
- Axis Bank Overdraft Loan
- PNB short term personal loan
- Kotak Bank Overdraft Loan
- IDFC Students Personal Loan
- Yes Bank Overdraft Loan
- Canara Bank Overdraft Loan
- ICICI Bank Flexi Loan
- Bank of Maharashtra personal loan transfer
- SBI Flexi Loan
- Kotak Bank Flexi Loan
- Loans
- Bank of India Senior Citizens Personal Loan
- Yes Bank Flexi Loan
- ICICI Personal Loan of 8 Lakh
- HDFC Personal Loan of 25000
- Indian Bank Personal Loan of 5 lakh
- Federal Bank Personal Loan for Doctors
- IDBI Bank Government Employees Personal loan
- Canara Bank Flexi Loan
- 10 Lakh Home Loan EMI
- Indian Bank Personal Loan of 2 lakh
- 40 Lakh Home Loan EMI
- 2 crore Home Loan EMI
- ICICI Bank Short Term Loan
- SBI Short Term Loan
- Indian Bank overdraft loan
- IDFC First Bank Short Term Loan
- Axis Bank Short Term Loan
- Yes Bank Short Term Loan
- ICICI Personal Loan of 9 Lakh
- Kotak Bank Short Term Loan
- BOB Personal Loan for Lawyers
- SBI Small Personal Loan
- HDFC Bank Small Personal Loan
- Union Bank of India Personal Loan of 30000
- Federal Bank Personal Loan of 2 Lakh
- IDBI Bank Personal Loan of 2 Lakh
- Axis Bank Personal Loan of 50000
- Indusind Bank Self Employed Personal loan
- IDFC First Bank Small Personal Loan
- Indusind Bank Government Employees Personal loan
- IDFC Government Employees Personal Loan
- Bank of India Government Employees Personal Loan
- Axis Bank Small Personal Loan
- RBL Bank Flexi Loan
- Kotak Bank Small Personal Loan
- Bank of India Students Personal Loan
- RBL Bank Personal Loan of 30000
- IDFC Housewife Personal Loan
- IDFC Self Employed Personal Loan
- Bank of Maharashtra Government Employees Personal Loan
- IDFC Personal Loan for Doctors
- HSBC Bank Wedding Loan
- IDFC Personal Loan for Lawyers
- Bank of India Self Employed Personal Loan
- HSBC Bank Travel Loan
- Kotak Bank Salaried Employee Personal Loan
- PNB Bank Travel Loan
- BOB Bank Medical Loan
- BOB Bank Travel Loan
- Union Bank Travel Loan
- Kotak Mahindra Bank Personal Loan of 10 lakh
- PNB Personal Loan of 50000
- Home Loan for 20000 Salary
- ICICI Bnak Personal Loan for Lawyers
- SBI Bank Personal Loan Balance Transfer
- RBL Bank Personal Loan of 3 Lakh
- Indusind Bank Short Term Personal Loan
- PNB Students Personal Loan
- IDBI Bank Personal Loan for Lawyers
- Bank Of Baroda Overdraft Loan
- Yes Bank Small Personal Loan
- RBL Bank Wedding Loan
- IndusInd Bank Wedding Loan
- Bank of India Personal Loan for Doctors
- IndusInd Bank Travel Loan
- ICICI Bank Small Personal Loan
- PNB Bank Wedding Loan
- Bank of India Personal Loan for lawyers
- Union Bank Wedding Loan
- Indian Bank Travel Loan
- Bank of India Wedding Loan
- Bank of India Travel Loan
- PNB Senior Citizens/Pensioners Personal loan
- Bank of Maharashtra Medical Loan
- Indian Bank Personal Loan of 6 lakh
- Bank Of Maharashtra Travel Loan
- Karnataka Bank Medical Loan
- Punjab & Sind Bank Wedding Loan
- Bank of Maharashtra small loans
- Karur Vysya Bank Medical Loan
- Karur Vysya Bank Wedding Loan
- IDBI Bank Personal Loan of 30000
- Bank of Maharashtra overdraft loan
- Axis Super Save Home Loan Scheme
- Federal Bank Wedding Loan
- HDFC Personal Loan of 7 Lakh
- Kotak Mahindra Bank Personal Loan of 50000
- Bank of Maharashtra Senior Citizens Personal Loan
- ICICI Personal Loan for Senior Citizen
- 35 Lakh Home Loan EMI
- HDFC Personal Loan of 8 Lakh
- Bank of Maharashtra Personal Loan for Doctors
- BOB Personal Loan of 15,000
- IDBI Bank small loans
- 60 Lakh Home Loan EMI
- BOB Personal Loan of 20,000
- Karnataka Bank Government Employees Personal Loan
- BOB Personal Loan of 25000
- BOB Personal Loan of 30000
- BOB Personal Loan of 6 Lakh
- RBL Bank Housewife Personal loan
- BOB Personal Loan of 4 Lakh
- IDFC First Bank Personal Loan of 3 Lakh
- Indian Bank Students Personal loan
- Indian Bank Personal Loan of 7 lakh
- BOB Personal Loan of 5 Lakh
- ICICI Salaried Employee Personal Loan
- Kotak Bank Self Employed Personal Loan
- Kotak Mahindra Bank Personal Loan of 5000
- Axis Bank Personal Loan Balance Transfer
- Kotak Mahindra Bank Personal Loan of 10000
- Karur Vysya Bank overdraft loan
- IDBI Bank Personal Loan of 1 Lakh
- Kotak Mahindra Bank Personal Loan of 40000
- IDBI Bank Personal Loan for Doctors
- Kotak Mahindra Bank Personal Loan of 30000
- Kotak Mahindra Bank Personal Loan of 8 Lakh
- RBL Bank Small Loan
- Kotak Bank Personal Loan for Doctors
- Home Loan for 30000 Salary
- ICICI Government Employee Personal loan
- Home Loan for 50000 Salary
- Home Loan for 60000 Salary
- Yes Bank Small Personal Loan
- Kotak Mahindra Bank Personal Loan of 1 lakh
- Canara Bank Personal Loan of 5000
- Canara Bank Personal Loan of 10000
- PNB Personal Loan of 30000
- Indusind Bank Personal Loan Transfer
- Canara Bank Personal Loan of 15,000
- Canara Bank Personal Loan of 20,000
- Canara Bank Personal Loan of 25000
- HSBC Bank Short Term Personal Loan
- Canara Bank Personal Loan of 30000
- Canara Bank Personal Loan of 40000
- PNB Salaried Employee Personal loan
- Indusind Bank Small Loans
- Axis Bnak Personal Loan for Lawyers
- Federal Bank Short Term Personal Loan
- Punjab & Sind Bank Travel Loan
- Indusind Bank Flexi Loan
- Yes Bank Personal Loan of 40000
- Bank Of India short term personal loan
- Indian Bank Personal Loan for Lawyers
- Canara Bank Personal Loan of 50000
- Canara Bank Personal Loan of 1 Lakh
- Union Bank Short Term Personal Loan
- Union Bank overdraft loan
- Canara Bank Personal Loan of 2 Lakh
- Karur Vysya Bank small loans
- Canara Bank Personal Loan of 3 Lakh
- Indian Bank Personal Loan of 4 lakh
- RBL Bank Medical Loan
- Canara Bank Personal Loan of 4 Lakh
- HDFC Personal Loan of 30000
- Canara Bank Personal Loan of 5 Lakh
- IDBI Bank Wedding Loan
- Federal Bank Salaried Employee Personal Loan
- Axis Personal Loan for Wedding
- HDFC Personal Loan for Wedding
- SBI Personal Loan for Medical
- IDBI Bank Travel Loan
- Yes Bank Personal Loan of 3 Lakh
- Yes Bank Personal Loan of 5 Lakh
- SBI Personal Loan for Wedding
- HDFC Personal Loan of 5000
- DBI Bank Medical loan
- Karur Vysya Bank Travel Loan
- RBL Bank Students Personal loan
- HDFC Personal Loan of 40000
- IDBI Bank Self Employed Personal loan
- RBL Bank Overdraft Loan
- 45 Lakh Home Loan EMI
- Canara Bank Personal Loan of 8 Lakh
- RBL Bank Personal Loan of 4 Lakh
- Axis Bank Asha Home Loan Scheme
- Yes Bank Personal Loan of 9 Lakh
- Union Bank of India Personal Loan of 10 lakh
- PNB Personal Loan of 2 Lakh
- IDBI Bank Personal Loan of 5 Lakh
- IDBI Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Navi Personal Loan Eligibility Calculator
- Axis Bank Personal Loan of 20000
- RBL Bank Short Term Personal Loan
- PNB Government Employees Personal loan
- Bank Of India overdraft loan
- BOB Government Employees Personal Loan
- Canara Bank Government Employees Personal Loan
- 5 Crore Home Loan EMI
- ICICI Personal Loan of 5 Lakh
- IDBI Bank Students Personal loan
- IDBI Bank Personal Loan of 4 Lakh
- Axis Bank Empower Home Loan Scheme
- HDFC Personal Loan for Medical
- 85 Lakh Home Loan EMI
- Indian Bank Personal Loan of 3 lakh
- PNB Personal Loan of 1 Lakh
- Kotak Bank Government Employees Personal Loan
- Axis Bank Personal Loan of 10 lakh
- Bank of India Salaried Employee Personal Loan
- PNB Personal Loan of 40000
- IDFC First Medical Loan
- ICICI Medical Loan
- Axis Bank Personal Loan For Medical
- Yes Bank Personal Loan for Wedding
- IDFC First Personal Loan for Wedding
- Kotak Medical Loan
- Yes Bank Medical Loan
- Indusind Bank Personal Loan of 3 Lakh
- Home Loan
- Personal Loan
- Loan Against Property
- Business Loan
- Federal Bank Personal Loan for Lawyers
Bank Wise Home Loan Eligibility Calculator
- SBI Home Loan Eligibility Calculator
- HDFC Home Loan Eligibility Calculator
- Axis Bank Home Loan Eligibility Calculator
- ICICI Home Loan Eligibility Calculator
- LIC Home Loan Eligibility Calculator
- PNB Home Loan Eligibility Calculator
- Canara Bank Home Loan Eligibility Calculator
- Bank of Baroda Home Loan Eligibility Calculator
- Bank of India Home Loan Eligibility Calculator
Frequently Asked Questions (FAQs)
What is a 1 lakh personal loan?
A 1 lakh personal loan is monetary assistance provided by a bank or a financial institution wherein a borrower has to repay an interest rate along with the principal amount back to the bank within a specified period. They can make use of their personal loan amount as per their financial needs and requirements.
Do I need collateral to secure a 1 lakh personal loan?
Personal loans are generally unsecured loans that do not require any collateral. However, depending on the lender’s policies, one might also have to pledge collateral against their loan amount.
How quickly can I get the 1 Lakh loan amount after approval?
The earliest you can secure a personal loan of 1 lakh is 24 to 36 hours. There are a few lenders that offer instant personal loans with minimal documentation.
How does the interest rate work for a 1 Lakh personal loan?
When a borrower takes a personal loan of 1 lakh, the bank charges them interest that they have to pay on a monthly basis. This rate of interest varies from bank to bank.
Can I prepay or foreclose the 1 lakh personal loan?
Yes, you can prepay or foreclose a 1 lakh personal loan. However, depending on the lenders, you may have to either pay foreclosure or prepayment penalties or not at all.
How much credit score do I need for a 1 lakh loan?
Ideally, a credit score of 650 and above is considered for a good personal loan. However, many lenders offer loans to candidates with lower credit scores as well, but the borrowers have to compromise on various aspects, such as higher interest rates.
Can I get a loan of INR 1 lakh?
Yes, one can get a personal loan of INR 1 lakh. Customers have a myriad of options in terms of financial assistance providers. Take some time to research the interest rate offers and other policies before applying.
How can I get a 1 lakh loan immediately?
There are a few lenders that approve, sanction, and disburse loans within 24 to 36 hours. These lenders include Bajaj Finserv, LoanTap, and MoneyView. The documentation will be minimal and can be completed within a few minutes as well. Instant personal loans are a great way to meet quick financial requirements.
Can I get a personal loan if my salary is 1 lakh?
Yes, you can certainly get a personal loan if your salary is INR 1 lakh. The minimum requirement for salary that most lenders consider is INR 15,000 to INR 25,000. Anything above that can be eligible for a lucrative loan amount.
Will I get a 1 lakh personal loan if I don't have a bank account?
You can procure a 1 lakh personal loan even if you don’t have a bank account. However, it will be rather difficult. You can apply for an auto title loan or a pawnshop loan, where you can place collateral on your vehicle or your valuables.
Will my EMI be auto-debited from my bank account?
Personal loan EMIs will be auto-debited if the mandate is set for the same. One can inform the bank to make the arrangements or use third-party apps to enable the auto-debit option.