Personal Loan Online

Looking for a personal loan to meet your diverse financial requirements? Submit your application for a Personal Loan with Investkraft.

  • Green tick Get an amount of up to 20 Lacs
  • Green tick Completely digital applicant
  • Green tick Attractive interest rates
 
Apply for Personal Loan

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What is a Personal Loan?

A personal loan is an unsecured loan that tends to help borrowers meet their financial obligations. It is easy to avail of a personal loan as you are not required to pledge any collateral and it comes with very few restrictions on how you use the money.

To those who qualify, Investkraft offers personal loan online with reasonable interest rates. Salaried individuals can choose to apply for a personal loan from the comfort of their homes using our online application method. We have served millions of consumers across India thanks to our customized solutions and open processes.

Listed Below are Some Advantages of Our Instant Personal Loan:

  • Online personal loan applications are available, and the entire procedure is paperless.
  • Collateral-free loans are offered at competitive rates, with minimum paperwork and adjustable payback terms
  • Any reason is permitted with a instant personal loan, including home improvements, wedding expenses, self-employed company needs, family vacations, debt consolidation, and unexpected medical costs.
  • Investkraft India offers attractive interest rates on its personal loan. The personal loan interest rates are adjudged by several factors such as the applicant's credit score, age, repayment capability, employment status, previous association with lenders, and occupation. Other than interest rates, there are minimum processing charges and prepayment charges that are quite affordable.

Personal Loan Eligibility Criteria

Most banks and NBFCs provide personal loans, although there are various eligibility criteria. Yet, all financial institutions must meet a particular set of standards. The following requirements must be met in order for salaried and self-employed people to be approved for an online personal loan:

  • Minimum age should be 21 years.
  • Maximum age maturity should be 60 years or retirement age whichever is earlier.
  • Minimum net monthly income should be Rs.25000 for online application.
  • Should have finished at least 2 years in employment and 1 year in the existing organisation.
  • Should have completed minimum 1 year of stay at the current residence, if rented.

Documents Required For Salaries Individuals

  • Proof of Identity :
  • Self-attested photocopy of any one of the following:
    • Driving license
    • Passport
    • Voters ID
    • Aadhaar
    • PAN

  • KYC::
    • Valid identity/Residence/Signature proof
  • Income proof::
    • Form 16/ITR for last 3 years
    • Latest 3 months salary slip
  • Banking:
    • Latest 3 months’ Salary Credit Bank Statement.

For Self-Employed Individuals

  • Identity & Age Proof
  • Completely filled personal loan application with photograph
  • PAN Card
  • Residence proof - Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
  • Bank statements for the last 3 months(preferably your salary account)
  • Salary Slips of last 3 months
  • Last 3 years Income Tax Returns with computation of Income
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Personal Loan Features and Benefits

Explore the prominent benefits and features of securing a personal loan with Investkraft.

Minimal Documentation: Provide only a few straightforward papers for verification in addition to fulfilling the straightforward requirements for a personal loan.

Normative Rates: With Investkraft, you receive a favourable interest rate, clear terms and conditions, and no additional costs.

Easy Application: Since all our business processes are based on the latest technology, get a hassle-free personal loan experience with Investkraft.

Faster Disbursal: Once the given information is properly verified, we make no delay in the disbursal of the approved amount right in your bank account.

Get to know the major benefits & features of obtaining a personal loan from Investkraft. They are sure to compel you take a personal loan from us today.

Minimal Documentation: Provide only a few straightforward papers for verification in addition to fulfilling the straightforward requirements for a personal loan.

Normative Rates: With Investkraft, you receive a favourable interest rate, clear terms and conditions, and no additional costs.

Easy Application: Since all our business processes are based on the latest technology, get a hassle-free personal loan experience with Investkraft.

Faster Disbursal: Once the given information is properly verified, we make no delay in the disbursal of the approved amount right in your bank account.

Personal Loan Eligibility Criteria

Most banks and NBFCs provide personal loans, although there are various <a href="https://www.investkraft.com/personal-loan-eligibility-and-documentation" class="bodytext-color"> eligibility criteria.</a> Yet, all financial institutions must meet a particular set of standards. The following requirements must be met in order for salaried and self-employed people to be approved for an online personal loan:

  • Minimum age should be 21 years.
  • Maximum age maturity should be 60 years or retirement age whichever is earlier.
  • Minimum net monthly income should be Rs.25000 for online application.
  • Should have finished at least 2 years in employment and 1 year in the existing organisation.
  • Should have completed minimum 1 year of stay at the current residence, if rented.



Documents Required For Salaries Individuals

  • Proof of Identity :
  • Self-attested photocopy of any one of the following:
    • Driving license
    • Passport
    • Voters ID
    • Aadhaar
    • PAN

  • KYC::
    • Valid identity/Residence/Signature proof
  • Income proof::
    • Form 16/ITR for last 3 years
    • Latest 3 months salary slip
  • Banking:
    • Latest 3 months’ Salary Credit Bank Statement.

For Self-Employed Individuals

  • Identity & Age Proof
  • Completely filled personal loan application with photograph
  • PAN Card
  • Residence proof - Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
  • Bank statements for the last 3 months(preferably your salary account)
  • Salary Slips of last 3 months
  • Last 3 years Income Tax Returns with computation of Income
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Interest Rates & Charges

Several criteria decide the best personal loan. One of them is interest rates. Additional aspects to consider are processing fees, a simple approval process, speedy disbursements, and so forth. With a Personal Loan from Investkraft, you can easily accomplish all of your objectives. Whether it's the ideal wedding for you or your kid, a completely renovated home, or an enjoyable vacation. Get a personal loan starting at Rs. 50,000 and ranging up to Rs. 40 lahks with less paperwork and competitive interest rates.

To ensure that your decision is well-informed, read the details of the appropriate personal loan interest rates and fees below. These are subject to change depending on the length of your loan and also show any ancillary fees that could be assessed if your payment terms change.

They include fees assessed in addition to the bank loan interest rates as a result of differences in the payment or non-payment of dues, as well as fees for paying off your loan partially (beyond the specified EMI) or completely before its duration is up. To get the most of your loan, be careful to take into account the interest rates and fees relative to the amount.

>Rate of Interest 10.49% to 21% per annum
Repayment instruction / Instrument return charges Rs.339/- per instance of dishonor of cheque /SI/ECS/NACH debit instruction + GST as applicable
Swap charges (Cheque/Instrument) Rs.500/- per instance + GST as applicable
Penal Interest @ 24% per annum i.e. 2% per month on the overdue installment.
Duplicate statement issuance charges Rs.250/- per instance per set + GST as applicable.
Duplicate Amortization schedule issuance charges Rs.250/- per instance per set + GST as applicable.
Credit Information Companies (CICs) Report Issuance Charges Rs. 50/- per instance per set + GST as applicable.
No Dues Certificate generation charges (Duplicate) Rs.50 per instance per set + GST as applicable.
Stamp Duty Charges As per State Stamp Act
Part Payment / Pre-Payment Charges 5% + GST (As applicable)
*Pre payment charges shall be charged on principal outstanding. *Part payment charges shall be charged on the amount of part payment.

Monthly EMI

₹ 8,676

Loan amount

₹10,000
₹1,00,00,000

Rate of interest (p.a)

%
1 %
50%

Loan tenure

1 Years
30 Years

One Personal For All Your Needs

Zero Worries About Money

Choose from our specially curated personal loans for every need of yours like vehicle, shopping, travel, wedding, and others.

 

Now get a personal loan

IN 3 EASY STEPS

Fulfill all your dreams by applying for a personal loan from Investkraft today!

Get Started
 

1Check eligibility

Use our personal loan eligibility calculator to check your eligibility.

 

2 Submit the docs

Next, submit the required documents online and click Submit

 

3 Sumit application

Verify the submitted information and click on Submit for further processing.

 

Apply For Personal Loan in Minutes. Get Funds Fast.

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Frequently asked questions

A personal loan is an unsecured term loan offered by a bank that a person may use for any purpose. In contrast to a home or auto loan, a personal loan does not require the applicant to lock down any collateral.

The minimum eligibility for an instant Personal Loan is:

  • a) The applicant must be at least 21 years old at the time of application.
  • b) There should be a minimum net monthly income of Rs. 25,000.
  • c) Have worked for at least two years in total, including one year at the current company.
  • d) If you are renting your home, you must have lived there for at least a year.

Yes! A personal loan can be availed for several purposes, including travelling the world and visiting distant locations.

With Investkraft, you can borrow up to 5 lahks as a personal loan.