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Now apply for a Personal Loan online, All you need to do is provide your details below application form.

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About Personal Loan

A loan that is offered by a bank or financial institution to fund a personal expense such as home renovation, vacation, a wedding in the family, etc.

  • The loan can be repaid over a period of 12 to 60 months.
  • Personal loans are unsecured and hence there is no need for security, collateral or guarantors required to obtain them.
  • They are usually approved within 5 working days.
  • Some banks offer a top-up to the existing loan but this facility is not available with all of them.

Purpose of Loan

Wedding Purpose

You have an upcoming Marriage in your family or your marriage and you need some urgent funds. No need to sell/pledge your property or Gold. Option for a Marriage Loan and payback over a period with easy EMIs.

Home Renovation

You want to correct Vaastu, repair the ceiling, wiring plumbing to your home. Go for an unsecured personal Loan with no collateral/security.

Medical Emergency

You have an unfortunate medical emergency in your family and you can't afford the treatment cost. We bring personal loans for Medical Emergency. Get instant loan from InstaEMI.

Higher Education

Want to pursue a Management course or a Master's program for yourself or your children, Our instant personal loan helps you to fund education purpose.

Features of Personal Loan

It does not take time to procure as compared to secured loan.

Simple procedure

It can be accessed with minimum documentation and does not take time to procure as compared to secured loan.

Choose your amount

Personal loans range from Rs. 1,00,000 to Rs. 40 lakhs depending on income, obligations, repayment history (if applicable) and repayment capacity.

Enjoy the best rates

Special offers for Special companies

Decide your tenure

Easy repayment option you can choose for 12 to 60 months.

Personal loan

  • 21 years
  • 58 years
  • Resident Indian/NRI
  • Rs 20,000
  • Salaried/Business Owner Professionals
  • 3 Years
  • 1 Year
  • *These are general terms only. Policy norms vary from bank to bank and customer to customer.
  • PAN Card, Passport, Driving License, Voter ID, Aadhar Card.
  • PAN Card, Passport, Driving License, Bank Verification Form.
  • Passport, Driving License, Voter ID, Aadhar Card, Mobile/Land Line Bill, Rental Agreement,Gas Bond with Bill,Sale Deed,Property Tax,Electricity Bill, Aadhar Card.
  • Latest 6 Months Bank Statement.
  • Latest 3 Months Payslips.
  • One photograph.

Frequently Ask Questions

Cibil score is the score which reflects your worthiness towards the credit. Your credit record is accessible to all the financial institutions so that the lenders will have the option to decide whether you will be eligible for loan or not. Cibil score is the aspect which plays a major role in getting loans. For Instance, someone with low credit score will be charged higher interest when compared to the one who has the good credit score. People holding bad cibil score can straight away be rejected for their loan application.

A. HOW CAN INSTANT PERSONAL LOAN CUT DOWN YOUR CREDIT CARD DEBT?

Credit card debt is the most common thing resulting in the bad cibil score. Credit card debt means exhausting your credit limit which is not a good gesture for good cibil score. So better be the concern and do not opt for credit card debt. A good cibil score will allow you to get a personal loan at lower interest rates. You have to check out the loan tenure. Choose the term plan which you are comfortable with. Sort term plan will have the lower interest but high EMI’s to pay. So, analyze and choose your term carefully.

B. IMPROVING YOUR CREDIT SCORE WITH A INSTANT APPROVAL PERSONAL LOAN.

Financial institutions always evaluate the relationship between your credit limit and your spending habit in a month. This is also known as credit utilization. If this is high, then you are considered a higher risk. What you need to understand is that once your credit score goes bad, it’s hard to pull it back. That does not necessarily mean that people are unable to transform their bad credit score into a good one. But, since it is a difficult process, it is advisable that you take care of your credit score before it goes bad. Your aim should be to reduce your balance as much as possible before the closing date every month. This will help you improve your credit score. Of course, you can inculcate good habits like setting up automated alerts, making multiple payments throughout the month, etc. but taking a personal loan will help you immensely. It will consolidate your debt and in turn improve your credit score. You have nothing to lose when you opt for such a loan. Replacing your credit card debt with a personal loan instant approval can be a wise move especially if you are trying to build a good credit score. Swapping your credit card debt with a online personal loan will lower your credit utilization and diversify your debt. It will also carry a fixed repayment term that you can plan out and track easily. More importantly, you can avoid a credit card debt if you opt for instant personal loan in real life emergencies. For example, if you are facing a medical crisis, it might not be possible for you to pay the entire amount upfront. Instead of using the credit limit on your credit card, opt for a instant personal loan. You can even qualify for a higher loan amount than a credit card and will be able to solve the issue at hand. So, to sum it up, a personal loan will help you disperse your debt. It’s a tool for the smart borrower in you. You go debt-free and at the same time build a good credit score. So, what are you waiting for? Apply for a personal loan from Top banks right here!

HOW CAN PERSONAL LOANS CUT DOWN YOUR CREDIT CARD DEBT?

Credit card debt is the most common thing resulting in the bad cibil score. Credit card debt means exhausting your credit limit which is not a good gesture for good cibil score. So better be the concern and do not opt for credit card debt. A good cibil score will allow you to get a personal loan at lower interest rates. You have to check out the loan tenure. Choose the term plan which you are comfortable with. Sort term plan will have the lower interest but high EMI’s to pay. So, analyze and choose your term carefully.

IMPROVING YOUR CIBIL SCORE WITH PERSONAL LOAN

Financial Institutions always access your credit card limit with your expenditure in a month. If your credit utilization is high, it is considered as the risk factor. You have to keep in mind that, once if your credit card goes bad it’s very hard to pull back. This doesn’t mean that it is impossible to covert your bad credit score to good. As the process is hard it is recommended to take care of your cibil score before its too late. If your goal is to maintain a good cibil score, you must cut down the balance as much as possible before the closing date of every month. This will boost your credit score. There are options for setting up automated alerts, initiating multiple payments during the whole month etc., but the personal loan will help you extremely

If a bank rejected your personal loan or if you are planning to apply for one, then here are 6 reasons which can get your application rejected.

A. POOR CREDIT SCORE:

This is an obvious fact that every lender will be considering your credit score before providing your Loan. The good number for your credit score is 750. Your Credit Score will impact on the interest rates. If your credit score is good you can easily Avail a personal loan with lowest interest rates, and if you hold a bad credit score your interest rates may be high or even you can face rejection for the personal loan. So be prompt in repayment of any existing loans and credit card bills. But at InstaEMI, we can work beyond your credit score and can provide instant approval on the personal loan at lowest interest rates even if your credit score is less than 750. Our fully tech-enabled credit engine considers your education, income, and liabilities to determine your credit-worthiness holistically.

B.INSUFFICIENT CREDIT HISTORY CAN DENY YOU FOR PERSONAL LOAN:

This is a weird thing that banks follow for approval of Loan request. You can be rejected for your Personal Loan Request if you do not hold any credit history and for building your credit history you need a Loan. This is a crazy loop. We at InstaEMI will get you out of this loop and sanction you the personal loan even if you do not hold any credit history.

C. BANKS HOPE YOU HAVE A STABLE CAREER TO AVAIL A PERSONAL LOAN:

Most of the banks prefer to provide loans to the people who have a stable career. People with no career stability will be considered as a risk factor and lenders do not show interest to provide the loan to such people. Banks seek at least 6months of stability in an organization. And The leading players expect 1-2years. InstaEMI will also clear this barrier. We can provide Personal Loan even if you have 1 month of work experience.

D. A STARTUP EMPLOYEE IS CONSIDERED AS RISKY:

Start-ups are the sign of the healthy economy. But it is also a fact that every startup is not a success. So, In this case, the startup employee is considered as risky and it is hard to get approval for a Personal loan online.

E. INADEQUATE TAX PAYMENT RECORDS WILL MAKE YOU INELIGIBLE FOR PERSONAL LOAN:

If you don’t file your tax actively your are likely to get rejected for your loan application. Tax filing data will help the lenders to access your creditworthiness. So it is better to file your tax regularly to avoid rejection.

F.RUNNING TOO MANY LOANS EXHAUSTS YOUR REPAYMENT CAPACITY:

Holding too many loans may ruin your chances of getting a Personal Loan. Even you have a good credit score and holding multiple loans and most of your income will be going to EMI’s. In this case, the new loan will drain your financial resources. Lenders will find risk in repayment capacity and rejects your request.

G. RUNNING TOO MANY LOANS EXHAUSTS YOUR REPAYMENT CAPACITY

Even if you have a good credit score but are already ser vicing multiple loans, it puts a strain on your financials. Say you are earning Rs. 60,000 per month and staying in a metro city. If you already have 3 loans running you would pay close to Rs. 30,000 per month towards EMIs. Another loan in this scenario will leave you with little resources to take care of your living expenses. The Bank may therefore deny you another loan.

Easily you can avail online loan approval. Yes an Instant Personal Loan through InstaEMI is the one stop solution for all your diffficulties . Follow the steps to meet your requirements.

Visit Instant approval personal loan

Fill out the required details.

You will hear a call back from InstaEMI where your details will be verified.

Get help from finance advisors, if you are have confusion.

Verify the loan offer&ROI to proceed.

Submit Required Document

Sign the Loan Agreements get the loan amoun to your account.

A. FEATURES ONLINE PERSONAL LOAN FROM INSTAEMI.

1. Quick Disbursalof the loan amount.

2. Best in classindustry features.

3. Low Interest ratesas compared to other type of funding options.

4. Tenure up to 36 months.

5. Loan amount can be between 50,000 to Rs.50,00,000.

6. Quick, simpleand hassle free

7. No guarantor

8. Balance Transferoption is available.

9. approval time 48 working hours.

10. Age Limit for applicants is 21 to 65 years.

B. BENEFITS OF INSTAEMI PERSONAL LOAN INSTANT APPROVAL.

Application is processed online, thus there is no need to visit banks. Loans can be disbursed as quickly as within 36 hours, in case if all details are furnished along with application and if you bank account details are shared. Get guaranteed eApproval if you have the capacity to repay the loan amount. Your Information is Secured. Low Rate of Interest. All you need to share with InstaEMI to get an personal loan instant approval is: Full Name Identity Information. Address Information. Bank Statements. We will make use of this information to check the income status, consistency, repayment capacity and reliability and will accordingly approve loan. Through highly encrypted and strong technology based support, getting urgent personal loans during emergencies is now just few clicks away. We reserve the rights to decide whether or not loan should be approved to the applicant. To apply for a personal loan you should have CIBIL score above 750 and monthly income 20,000 per month. Visit InstaEMI to Get Personal Loan Instant Approval

Personal Loan is the risk to banks as they are unsecured loans. So, here Credit score is the primary requirement. A credit score is the rating which is assigned by the financial institutions to the individuals to represent their creditworthiness. And this plays an important role in the approval of loans. Based on the CIBIL score lenders offer loan to the individuals. Also read: “How to Increase Cibil Score with Personal Loan“ The company named TransUnion CIBIL Limited, takes the information from banks and other Lenders to check the financial behavior of the individuals and awards CIBIL which reflect the creditworthiness of the individual.

A.WHAT CIBIL SCORE IS NECESSARY FOR A PERSONAL LOAN APPROVAL??

According to the banks, 750 is the good CIBIL for a personal loan. Any score above 750 will list you as creditworthy and the Loan will be processed without any hassle. Generally, Credit Score ranges from 300 to 900. 300 is the worst and 900 is best. In case of a personal loan, lenders expect credit worthiness and CIBIL score helps the lenders to know the creditworthiness. Good credit score make your creditworthiness and indicates you are being responsible at the time of repayment. Credit score also impacts the Interest rates. If you hold a good CIBIL your loan will get instant approval on Personal Laon at lowest possible interest rates. Interest rates will be high for the people with low credit score when compared with the people holding good credit score.

FACTORS AFFECTING YOUR CIBIL SCORE IN POSITIVE MANNER :

Being prompt in clearing your credit card bills

Regular repayment of EMI’s on time

Clearing you’re whole outstanding than paying minimum bills of credit cards

FACTORS AFFECTING YOUR CIBIL SCORE IN NEGATIVELY:

Late or non-payments of Credit card bills and Loan EMI’s if any.

Draining your credit card limit of more than 75%.

Playing the safe game by paying minimum due and keeping outstanding as it is will also affect your credit score Holding too many loans will also affect your credit score.

Factors that affect credit score positively are:

Making timely payments towards credit cards.

Paying loan EMI’s on time.

Paying not just the minimum due but the entire outstanding balance.

Factors that affect credit scores negatively are:

Non-payment or late payment of credit card bills and loan EMIs

Maxing out credit cards or consistently using more than 75% of the credit limit.

Paying only the minimum due on credit cards; the remainder is still considered overdue.

Possessing too many lines of credit especially unsecured forms.

Personal loans being unsecured, which makes them more risky for banks, a good CIBIL score is main requirement A CIBIL score is a number assigned to each person representing their creditworthiness and the number plays a major role in availing a Personal Loan Instant Approval.Depending upon the score, banks consider whether the person is loan worthy and the amount be approved. TransUnion CIBIL Limited, a credit information company, receives information from banks and other financial institutions about the financial behaviour of their customers and aggregates information to produce a score or number which indicate customers’ creditworthiness.

A. WHAT CIBIL SCORE IS REQUIRED FOR A PERSONAL LOAN APPROVAL?

According to Banks Norms, the minimum CIBIL score for a personal loan is 750. Anything above this would mean that the applicant is creditworthy and applications are processed without hassle. In general, credit scores range from 300 to 900; 300 being on the lower end of the range and 900 on the higher end.Online Personal loans being unsecured, which makes them more risky for banks, a good CIBIL score is main requirement . A good credit score indicates that the borrower is responsible when it comes to repaying their loans and credit cards. There are many factors that affect credit scores, either positively or negatively.

Factors that affect credit score positively are:

Making timely payments towards credit cards.

Paying loan EMI’s on time.

Paying not just the minimum due but the entire outstanding balance.

Factors that affect credit scores negatively are:

Non-payment or late payment of credit card bills and loan EMIs

Maxing out credit cards or consistently using more than 75% of the credit limit.

Paying only the minimum due on credit cards; the remainder is still considered overdue.

Possessing too many lines of credit especially unsecured forms.

A INSTANT APPROVAL PERSONAL LOAN TO CONSOLIDATE DEBT.

There are very few times when taking out more Debt to pay off Credit Card debt makes sense. Using a Personal Loan Instant Approval to pay off your Credit Card debt is only moving the Money around. The Debt is still there. You are simply moving the Money you owe the bank from one pile to another. It just so happens to be a pile of Debt with better terms for you and your family. These are three times it might make sense to pay off Credit Card Debt with a Online Personal loan.

1.To Lower Your Interest Rates

The most important aspect of a Debt Consolidation loan is to lower the annual interest rate of your Debts. Often, a Instant Approval Personal loan can be the perfect instrument for you to lower the annual interest rates of your Debt. You should not consider a Personal loan to consolidate your Credit Card Debts if it does not lower the annual interest rate you are already paying. Paying a lower interest rate will allow you to pay off more principal each month, help you get out of Debt faster, and lower the total cost of your Debt.

2.To Consolidate Payments Into One

Consolidating several Credit Card payments into one Instant Personal loan is a great achievement. Having one loan payment allows you to focus all of your time, attention, and energy into that one payment. It is much easier to concentrate on and pay off one Debt instead of having several smaller Debts that always seem to nip at your heels. Of course, you must also strive to not rack up your Credit Card balances after consolidating your Credit Card Debt with a Personal loan Instant Approval. It will not do you much good to focus on one large Debt if you begin accumulating smaller balances again on your Credit Cards. You have to avoid playing a shell game with your Debts, and you will need to address the underlying, fundamental reason why you are in Debt. Do you have a spending problem? Do you not stick to your family’s monthly budget? You have to address these issues in order to get out of Debt and stay out of Debt.

3.To Lower Your Monthly Payments

Using a Online Personal loan to consolidate your Debts can also lower your total monthly payments for the Debts that you owe. You will have to run the numbers, but often you will find that your monthly minimum payment for your one Personal loan Instant Approval that Consolidated your Debt is lower than the total of all your separate Credit Card minimum monthly payments. Lowering your monthly payments can help you create a Debt snowball and assist you in paying off your Credit Card and now Personal loan Debt faster. For example, if you were originally paying Rs.5000 per month in minimum payments to the Credit card companies and now found yourself paying only Rs.4000 per month on your new Easy Personal loan, you can afford to apply the other Rs.1000 per month directly to your loan’s principal. This strategy will help you get out of Debt faster. If you are not saving Money by restructuring your Credit Card Debts using a Instant Personal loan, either by cutting down your monthly payments or lowering your interest rates, it is probably not a good idea to restructure your Debt. Make moving your Debt around worthwhile to you. Insist on a lower interest rate for your Debt, lower your monthly payment so you can pay off your Debt faster, and take back control over your finances with one lower monthly payment.

Lets Do Simple Calculation

YES! By all means. I just did some calculations and if you were to pay just the minimum on the Credit Cards you would pay a total of Rs 80,000.(Assume you will Repay in 36 months)The minimum Rate of Interest for Credit Card is 38%, If you got a Online Personal loan for 3 years at interest rate of around 14%, the total Interest you are Paying for Personal is Rs. 19,300 instead of Rs.53,900 Interest Paying for Credit Card.

TRY WITH INSTAEMI

Your best bet would be to try to find a bank or InstaEMI that may go for a high Rs, 50 Lakhs Personal loan Instant Approval. Keep in mind that your payments would be higher than your mimimum payments on your 21% Credit Card but, the good news is that your Rs, 50 Lakhs Instant Approval Personal loan will be eliminated at the end of a set term (3 or 5 years). If you just make minimum payments on your Credit Card, your balance comes down minimally and will take few years to pay off. At least get a lower rate card and even better, a term (3 or 4 yr. personal loan) CUT UP THE PLASTIC even if you get a lower rate card. Transfer the balance then cut the card up and pay cash for things. The Online Personal loan with fixed payments and years is the way to go if you can swing the payments. In a few years you will be “high as a kite…debt free”. Submit some applications. The worst they can do is say no. But I’m sure you will find one that says yes. They will pay off your card, cancel the account and you will cut the card up! Why Late Apply For Personal Loan Online Now!

a.The employer which is indicative of employment continuity and stability.

b.Income earned every month as per Income Tax Filing.

c.Current financial obligations, cost of living and repayment track history.

d.CIBIL (Credit Information Bureau of India Limited) score that can be generated at

Banks have a preferential rate of interest and processing fee, and require minimal documentation if an individual has a Salary Account with the bank that he or she applies the loan from. This is because personal loans are high-risk for the lenders and a pre-existing relationship with the bank offsets some of their concerns.

It is possible for a personal loan to be transferred to another bank. The conditions for this transfer are:

a.The outstanding amount must be at least Rs.1,00,000.
b.The tenure to be completed must be above 6 months.

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