At A Glance
- Purpose
- A wedding, a medical bill, travel or clearing a costlier debt, with no collateral
- Who can apply
- Roughly 21 to 60 years; salaried or self-employed
The Short Version
What Personal Loan actually does for you.
A personal loan needs no collateral. You can use it for a wedding, a medical bill, travel, or to clear a more costly debt. We help you choose an amount and EMI that fit your monthly budget, not just the maximum you are eligible for.
What's included
- No security or guarantor needed
- Minimal paperwork, handled fully online
- Refinance to a lower rate later if one becomes available
- Open to both salaried and self-employed applicants
Do you qualify?
- Between roughly 21 and 60 years of age
- Salaried take-home from about ₹25,000/month, or 2 years of ITR if self-employed
- A CIBIL score of 700+ may help you get a better rate; scores from the mid-600s may still be considered at a higher rate
- Resident Indian
- Salaried, or a self-employed professional or business owner
- If salaried, generally at least 1 year with your current employer
Which One Are You
Fees and other charges
Besides interest, a lender may charge a few fees. It helps to know them before you apply, so there are no surprises.
Processing fee
A percentage of the loan amount plus GST, often somewhere between about 1% and 3% for loans without security. It varies by lender and profile.
Documentation and other charges
Some lenders add a small fixed fee for documentation or a statement of account.
Foreclosure and part-prepayment
Closing the loan early may carry a charge, usually a percentage of the outstanding amount, and some lenders allow it only after a minimum period. Ask before you prepay.
These are general guides and every lender sets its own fees. Your expert will share the exact charges in writing before you sign.
Why Growth Capital Services
One conversation, many lenders to compare.
We are a loan consultant, not the lender. We help you compare options from 75+ Banks and NBFCs, prepare your documents, and follow your application through each step.
Important note: Interest rate, loan amount, tenure, charges, eligibility, approval and disbursement depend on the policy of the respective Bank or NBFC, your profile, credit assessment and the applicable terms. Growth Capital Services is a loan consultant and does not lend money itself. The details on this page are for general information.
Run the numbers
Calculators for your Personal Loan
Try your own figures before you apply — nothing is saved or sent.
Step-by-step guide
Personal Loan process, step by step.
A personal loan needs little paperwork. Here is how it goes from request to money in your account.
- 1
Tell us the amount
Share how much you need, why, and how long you would like to repay.
- 2
Check your eligibility
We look at your income and credit record to see what you can borrow.
- 3
Compare offers
You see rates, fees and EMIs from different lenders side by side.
- 4
Submit documents
You upload KYC, income proof and bank statements.
- 5
Approval and disbursal
The lender approves and credits the money to your bank account.
With GCS, your expert looks at your profile, matches it with suitable lenders, and coordinates with the banks for you. That means less confusion and more confidence when you apply.
Worth Comparing
The rest of Business Growth
So you can weigh Personal Loan against everything else we arrange in this category before deciding.
Still deciding on Personal Loan? Ask us directly.
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