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Personal Loan

Get instant personal loans with competitive interest rates, minimal documentation, and flexible EMI options. Whether it's a medical emergency, wedding, travel, or home renovation – we've got you covered.

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personal loan

Personal Loan Features & Benefits

Get instant financial support with our flexible personal loans designed for salaried individuals. Enjoy quick approval, minimal documentation, and competitive interest rates with easy repayment options.

High Personal Loan Amount

Our personal loan services provide access to higher loan amounts based on your income level, credit profile, and repayment capacity. Eligible applicants can apply for loans up to ₹30 Lakhs, making it easier to manage major financial needs without affecting savings or long-term investments.

  • Loan Amount: Up to ₹30 Lakhs depending on eligibility.
  • Flexible Eligibility: Based on salary, credit score, and employment stability.
  • Suitable For: Wedding expenses, education, travel, business expansion, medical emergencies, and home renovation.

Instant Personal Loan Approval

Our digital personal loan application process allows borrowers to apply online quickly with minimal steps. Once basic details such as employment information, income proof and identity verification are submitted, the system evaluates your eligibility and processes approval in a short time.

  • Simple Online Application with easy form submission.
  • Quick Verification through digital documentation.
  • Fast Disbursal directly into your bank account.

No Collateral Required

Personal loans are unsecured financial products, meaning borrowers do not need to pledge any valuable asset such as property, gold, or investments. This makes personal loans a convenient option for individuals seeking quick financial assistance.

  • No Asset Pledge: No property or security required.
  • Quick Processing: Faster approval compared to secured loans.
  • Eligibility Based On: Credit score, monthly income, and repayment capacity.

Minimal Documentation

Applying for a personal loan requires only basic documentation, making the process simple and hassle-free. Most lenders require essential documents such as identity proof, address proof, salary slips, and bank statements .

  • Identity Proof: Aadhaar Card / PAN Card / Passport.
  • Address Proof: Utility bills or government ID.
  • Income Proof: Salary slips and bank statements ITR.

Flexible Repayment Tenure

Personal loans come with flexible repayment options that allow borrowers to choose a tenure according to their financial comfort. Loan repayment periods usually range from 12 months to 60 months.

  • Repayment Period: 12 to 60 months.
  • EMI Planning: Estimate monthly installments using an EMI calculator.
  • Financial Flexibility: Manage repayments according to monthly budget.

Personal Loan – A Quick and Flexible Financial Solution

A personal loan is one of the most convenient financial solutions for individuals who require immediate funds for personal expenses. Since personal loans are unsecured loans, borrowers do not need to provide collateral.

  • Easy Application: Apply online within minutes.
  • Quick Approval: Based on income and credit profile.
  • Common Uses: Medical emergencies, weddings, travel, or education.

Why Personal Loans Are Popular Among Salaried Employees

Personal loans are especially beneficial for salaried professionals who have a stable monthly income. Lenders often offer competitive interest rates and quicker approvals for salaried applicants.

  • Stable Income Advantage improves eligibility.
  • Competitive Interest Rates for salaried borrowers.
  • Easy EMI Planning with online EMI calculators.

Responsible Borrowing and Financial Planning

While personal loans offer quick financial assistance, borrowers should always practice responsible borrowing. Evaluating income, expenses, and existing liabilities helps maintain financial stability.

  • Check EMI Affordability before applying.
  • Maintain Good Credit Score with timely repayments.
  • Plan Finances Wisely to avoid unnecessary debt.

Simple Application Process

Get your personal loan approved in 4 simple steps. Our streamlined process ensures quick disbursement.

Submit Application

Fill out our simple online form with basic details and required documents.

⏱ 5 minutes

Document Verification

Our team verifies your documents and assesses your loan eligibility.

⏱ 5 24-48 hours

Loan Approval

Receive approval notification with loan amount and terms confirmation.

⏱ 5 Same day

Fund Disbursement

Funds are transferred directly to your bank account after e-signing.

⏱ Within 24 hours
Average disbursement time: 24-48 hours

Personal Loan EMI Calculator

Calculate your monthly EMI and plan your personal loan repayment

Personal Loan EMI Calculator
Loan Amount ₹20,00,000
₹1,00,000
3 Years 5 Years
18% Per Year 30%

Monthly EMI

₹0

Principal ₹0
Total Interest ₹0
Total Payment ₹0
Payment Breakdown
Principal Interest

What Affects Your Interest Rate

Understand the factors that determine your loan interest rate

Estimate Your Rate
Your CIBIL Score 700 (Good)
300 600 750 900
Estimated Interest Rate
17.25% p.a.
Based on your CIBIL score
Best Rate Maximum Rate
10.49% 24%
CIBIL Score

Higher credit scores get better rates

High Impact
Employment

Salaried employees get lower rates

Medium Impact
Income Level

Higher income improves approval

High Impact
Existing Loans

Lower debt improves rate

Medium Impact
💡 Tips to Get Lower Rates
  • Maintain CIBIL score above 750
  • Clear existing debts
  • Choose shorter tenure
  • Add co-applicant
  • Apply with your main bank
Check Your Eligibility →

Charges & Fees Disclosure

Complete transparency on all charges applicable to your loan. No hidden fees.

Prepayment & Foreclosure Charges
Period Fixed Rate Floating Rate
Within 6 months Not Allowed Not Allowed
6-12 months 6% to 10% of outstanding 6% to 10% of outstanding
12-24 months 6% to 10% of outstanding Nil*
After 24 months 6% to 10% of outstanding Nil*
Note: As per RBI guidelines, no prepayment charges are applicable on floating rate loans to individual borrowers after 12 months from disbursement.
Other Applicable Charges
Processing Fee
6 to 10% of loan amount
Cheque/NACH Bounce
₹500 + 18% GST
Late Payment Fee
36% p.a on (POS)
Penal Interest
3% p.a. additional
Stamp Duty
As per state regulations
Documentation Charges
₹500 – ₹5,000
GST Notice: GST @ 18% is applicable on all fees and charges. Actual charges may vary based on loan type and amount.

Important Information

  • Minimum lock-in period of 6 months applies to all loans
  • Part prepayment minimum amount: ₹10,000 or 1 EMI (whichever is higher)
  • Foreclosure/prepayment requests must be submitted 15 days in advance
  • NOC will be issued within 7 working days after full repayment
  • All charges are subject to change as per RBI guidelines

Eligibility Criteria

Check if you qualify for our personal loan

1
Salaried Individuals
  • Age: 21–58 years
  • Minimum income: ₹25,000/month
  • Work experience: 1+ year (6 months in current job)
  • CIBIL Score: 700+
2
Self-Employed
  • Age: 25–65 years
  • Business vintage: 3+ years
  • Minimum turnover: ₹10 Lakhs/year
  • ITR for last 2 years
Check Your Eligibility →

Required Documents

Keep these documents ready for a faster loan approval process

Identity Proof
  • Aadhaar Card
  • PAN Card
  • Passport
  • Voter ID
Address Proof
  • Utility Bills (not older than 3 months)
  • Rent Agreement
  • Aadhaar Card
Income Proof
  • Last 3 months salary slips
  • Bank statements (6 months)
  • Form 16 / ITR

What Our Customers Say

Hear from customers who trusted us with their personal loan needs.

★★★★★
❝

"Applied for a personal loan for medical expenses. The approval was quick and the documentation process was very smooth."

A
Amit Gupta
Marketing Manager, Delhi
Loan Amount: ₹4 Lakhs
★★★★★
❝

"The interest rate was reasonable and the team guided me throughout the process. Funds were credited within 24 hours."

P
Pooja Mehta
HR Executive, Mumbai
Loan Amount: ₹3 Lakhs
★★★★★
❝

"I needed funds for home renovation and the loan approval process was extremely fast. Highly satisfied with the service."

R
Rohit Agarwal
Chartered Accountant, Jaipur
Loan Amount: ₹6 Lakhs
★★★★★
❝

"The online application was simple and transparent. There were no hidden charges and the EMI plan was very flexible."

S
Sneha Kapoor
Interior Designer, Chandigarh
Loan Amount: ₹5 Lakhs
★★★★★
❝

"I compared several lenders before applying. This platform offered the best rate and quick approval."

V
Vikram Singh
Business Owner, Lucknow
Loan Amount: ₹8 Lakhs
★★★★★
❝

"The customer support team was very helpful and explained everything clearly before I applied."

N
Neha Sharma
Teacher, Pune
Loan Amount: ₹2.5 Lakhs

Rated 4.8/5 by 2,000+ happy customers across India

Frequently Asked Questions

Everything you need to know about WaqtFinance.

Basic documents include KYC (Aadhaar, PAN), income proof (salary slips or ITR), bank statements (last 6 months), and address proof. For business loans, GST returns and business registration may be required.

Personal loans are typically approved within 24–48 hours. Business and home loans may take 3–5 business days depending on verification.

Personal loans start from 10.99% p.a., business loans from 12% p.a., and home loans from 8.5% p.a. Rates vary based on your credit profile.

Yes. Personal loans have zero prepayment charges after 6 EMIs. Home and business loans may have a 2–4% charge on outstanding principal.

Yes. WaqtFinance is a registered NBFC regulated by the Reserve Bank of India, following strict compliance and data protection standards.

Personal loans up to ₹25 Lakhs, business loans up to ₹2 Crore, and home loans up to ₹5 Crore depending on eligibility.

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