Rs.1 Lakh Personal Loan @10.49%* Pre-Approved for 25K+ Salary*
Need Rs.1 Lakh Personal Loan Urgently? Enjoy fast approval, flexible repayment options, and no collateral requirements. Apply today for financial freedom!
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Personal Loan of Rs.1 Lakh
Whether you need funds for a planned spending or an emergency requirement, you can avail Personal Loan to meet the expenses. At Fincover, we understand that life’s demands can sometimes catch you off guard. That’s why we have developed a platform that has curated the best loan offers from multiple lenders at one roof. You can avail personal loans of 1 Lakh easily in few steps at an affordable interest by submitting minimal documents.
Bank Interest rates for 1 Lakh Personal Loan
| Institution | Interest rates | Loan amount |
| DBS bank | From 10.99% | Upto 15 Lakhs |
| HDFC | From 10.5% | Upto 40 Lakhs |
| Axis Bank | From 10.49%` | Upto 40 Lakhs |
| ICICI bank | 10.75%-19% | Upto 40 Lakhs |
| Bank of Baroda | 10.75% – 18.5% | Upto 5 Lakhs |
| SBI | From 11% | Upto 30 Lakhs |
| IndusInd | From 10.49% | Upto 50 Lakhs |
| Yes Bank | From 10.99% | Upto 40 Lakhs |
| Standard Chartered | From 11.5% | Upto 50 lakhs |
| IDFC | From 10.49% | Upto 50 Lakhs |
| Kotak Mahindra | From 10.99% | Upto 40 Lakhs |
| PNB | From 11.40% | Upto 20 Lakhs |
| Bandhan bank | From 11.55% | Upto 25 Lakhs |
NBFCs Interest rates for 1 Lakh Personal Loan
| Institution | Interest rates | Loan amount |
| Piramal Finance | From 12.99% | Upto 35 Lakhs |
| Shriram Finance | From 14% | Upto 35 Lakhs |
| Tata Capital | From 10.99% | Upto 35 Lakhs |
| InCred | From 18% | Upto 3 Lakhs |
| Finnable | From 16% | Upto 10 Lakhs |
| PaySense | From 16.8% | Upto 5 Lakhs |
| Poonawalla | From 9.99% | Upto 30 Lakhs |
| Fullerton | From 11.99% | Upto 25 Lakhs |
| LendingKart | From 12% | Upto 3 Lakhs |
| Axis Finance | From 13% | Upto 25 Lakhs |
| L&T Finance | From 12% | Upto 7 Lakhs |
| Mahindra Finance | From 10.99% | Upto 10 Lakhs |
| Aditya Birla | From 11.99% | Upto 50 Lakhs |
| Bajaj Finance | From 11% | Upto 50 Lakhs |
Rs.1 Lakh Personal Loan EMI for up to 1-7 Years
Loan Amount: Rs.1 Lakh
ROI: 10.5%
| Tenure | EMI amount at Interest rate of 10.5% |
| 1 year | Rs. 8814 |
| 2 years | Rs. 4637 |
| 3 years | Rs. 3250 |
| 4 years | Rs. 2560 |
| 5 years | Rs. 2149 |
| 6 years | Rs. 1877 |
| 7 years | Rs. 1686 |
Advantages of Applying at Fincover
- Quick and Easy Application: Our streamlined online application process ensures you can apply for a personal loan within minutes, without the need for lengthy paperwork.
- Quick Approval: We know that time is of the essence. Our efficient approval system ensures you receive a decision quickly from the lender, often within hours from the time of application.
- Flexible Repayment Options: Tailor your loan repayment to your financial situation with flexible EMI options. One of the biggest advantages of applying online is that you can know how much EMI you are going to pay every month beforehand, so that you can plan your monthly budget accordingly
- Affordable Interest Rates: The interest rates for Personal Loan start from 10.49%. Getting loans at the most affordable interest rates would enable you to plan your repayment comfortable and stay relaxed
- No Collateral Required: Personal loans are unsecured in nature, meaning you don’t need to put up any collateral to secure your loan.
- Transparent Terms and Conditions: There is complete transparency in every step. You’ll always know what you’re signing up for and knkow the subsequent steps, with no hidden fees or surprises.
How to Apply for a Personal Loan of 1 Lakh? @ Fincover
To apply for a personal loan of ₹1 Lakh on Fincover, follow these steps:
Visit Fincover Website: Go to the Fincover website
Select Personal Loan: Navigate to the ‘Loans’ section and choose ‘Personal Loan.’
Enter Loan Details: Specify the loan amount (₹1 Lakh), preferred tenure, and any other relevant details.
Provide Personal Information: Fill out the application form with your personal, financial, and employment information.
Upload Documents: Submit the required documents, such as ID proof, address proof, income proof, and bank statements. Fincover allows for online document submission.
Submit Application: Submit your application for review.
Approval and Disbursement: Fincover will process your application. If approved, the loan amount will be transferred to your bank account.
Following these steps will help you apply efficiently and receive your loan quickly.
Loan EMI Calculator
Eligibility Criteria for Personal Loan of 1 Lakh
To be eligible for a personal loan, you typically need to meet the following criteria
| Eligibility Criteria | Details |
|---|---|
| Minimum Age | 21 years |
| Maximum Age | 60 years (at the time of loan maturity) |
| Minimum Monthly Salary | ₹20,000* |
| Employment Type | Salaried or Self-Employed |
| Minimum Work Experience | 1 year for salaried |
| Credit Score | 650 or above* |
| Resident Status | Indian citizen |
| Required Documents | ID proof, Address proof, Income proof, Bank statements |
Documents Required for Personal Loan of 1 Lakh
| Document Type | Details |
|---|---|
| Identity Proof | Aadhaar Card, PAN Card, Passport, or Voter ID |
| Address Proof | Aadhaar Card, Utility Bill, Rent Agreement, or Passport |
| Income Proof | Latest 3 months’ salary slips |
| Bank Statements | Last 6 months’ bank statements |
| Employment Proof | Employment ID card or Offer Letter |
| Photographs | Recent passport-sized photographs |
FAQs for Personal Loan of 1 Lakh
1. How to get ₹1 Lakh immediately?
To get ₹1 Lakh immediately, consider applying for a personal loan online with instant approval options. You can also explore other options such as payday loans or borrowing from family and friends. Ensure you have all necessary documents ready to expedite the process.
2. How to get ₹1 Lakh in an emergency?
In an emergency, the fastest way to get ₹1 Lakh is by applying for an online personal loan with quick disbursement. Look for lenders offering instant approval and immediate fund transfer. Ensure you meet the eligibility criteria and have all required documents readily available.
3. What is the EMI for a ₹1 Lakh loan?
The EMI for a ₹1 Lakh loan depends on the loan tenure and interest rate. For example, at an interest rate of 10.99% per annum for a 12-month tenure, the EMI would be approximately ₹8,879. Use an EMI calculator to get precise figures based on your specific terms.
4. Who is eligible for a ₹1 Lakh loan?
Eligibility for a ₹1 Lakh loan typically includes:
- Age: 21 years or older
- Income: Minimum monthly salary of ₹20,000
- Employment: Salaried or self-employed with a stable income
- Credit Score: Generally, a score of 650 or above
- Residency: Indian citizen
Fulfil your financial obligations now
Our hassle-free personal loan ensures fast approval and flexible terms. Apply now for financial freedom!
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