Personal Loan Assistance
MoneyCashe helps customers understand eligibility, documentation and lender process for personal loan enquiries. We do not guarantee approval; final decision, rate, amount and charges depend on lender policy and verification.
Common Documents
- PAN and Aadhaar
- Address proof
- Bank statements
- Income proof or ITR
- Loan-specific documents as required by lender
How MoneyCashe Helps
- Profile discussion
- Document checklist
- Eligible lender coordination
- Clear guidance on rates, fees and process
Personal Loan – Key Details
Indicative figures for reference. Actual interest rate, loan amount, tenure and charges depend on lender policy, your profile and document verification.
| Parameter | Details |
|---|---|
| Interest Rate | 10.50% – 24% p.a. (indicative) |
| Loan Amount | ₹50,000 – ₹40 Lakh |
| Tenure | 12 – 60 months |
| Processing Fee | Up to 2% – 3% of loan amount (lender dependent) |
| Age Criteria | 21 – 60 yrs (salaried) / 21 – 65 yrs (self-employed) |
| CIBIL Score | 650+ preferred for better offers |
Eligibility Criteria
Salaried Applicants
- Minimum net monthly income of around ₹15,000 – ₹25,000 (varies by city and lender)
- At least 1 year of total work experience, with 6 months in the current job
- Salary credited through a bank account
Self-Employed Applicants
- Business vintage of at least 2 years
- ITR filed for the last 2 years
- Stable and demonstrable business income
Key Benefits
Collateral-Free
No asset or security needs to be pledged for a personal loan.
Fast Processing
Quick approval and disbursal for eligible profiles.
Flexible End-Use
Use funds for medical, travel, wedding, emergency or debt consolidation needs.
Flexible Tenure
Choose a repayment period that comfortably fits your monthly budget.
Application Process
Personal Loan – FAQs
What is the minimum income required for a personal loan?
▼It varies by lender and city, but salaried applicants typically need a minimum net monthly income of around ₹15,000–₹25,000, while self-employed applicants are assessed on business income and ITR.
Can I get a personal loan with a low CIBIL score?
▼Approval is at the lender's discretion. Some lenders may consider scores below 650, generally at a higher interest rate, subject to overall profile and income.
How fast can a personal loan be disbursed?
▼Disbursal timelines depend on the lender and how quickly documents are verified. Some lenders can disburse within 24–72 hours of approval for eligible customers.
Is collateral required for a personal loan?
▼No. Personal loans are typically unsecured and do not require any collateral or security.
Can I prepay or foreclose my personal loan?
▼Most lenders allow prepayment or foreclosure, often after a minimum lock-in period, subject to applicable charges as per the lender's policy.
Need Personal Loan Support?
Submit your enquiry and our team will assist you.
Apply Now