Personal Loans starting at 10.25%* Interest Rates.
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- Lowest interest rate guaranteed*
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- Offers from 70+ RBI Approved Lenders
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How it Works
Get your loan disbursed into your bank account in 4 simple steps.
Provide basic details
Check eligibility for pre-qualified offers from 70+ RBI approved lenders.
Choose from best offers
Compare and choose from multiple pre-qualified loan offers tailored for your credit profile.
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Compare and choose from multiple pre-qualified loan offers tailored for your credit profile.
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Get the approved loan amount disbursed to your bank account.
Why Dr Financewala?
Choose the best offer from 70+ RBI-approved lenders. Get the funds you need precisely when you need them, with quick disbursal and seamless application.
Instant Loan Approval
Not months, not weeks, get your loan request approved in 3 days.
Super fast Processing | No Collateral | Fair Interest Rates
Paperless Process
No documentation, no lengthy forms to fill out, just a paperless process.
Super fast Processing | No Collateral | Fair Interest Rates
Zero Collateral Required
Unsecured loans, no need to submit collateral and property for security.
Super fast Processing | No Collateral | Fair Interest Rates
Rating & Reviews
The results speak for themselves, see our reviews from happy users
Government Employee
Loan disbursement in less than 24 hours is not what I had expected but this is amazing. Thank you very much, Indialends team.
Private Employee
My loan got disbursed in 3 days. It was the first time I applied through India lends and it was an excellent experience. Fastest service in comparison to all the loans I have taken till date.
I visited Drfinancewala's website, and their executive helped me throughout my loan disburssment process from MoneyView.
Highly satisfied with overall loan disbursement experience. Haven't seen any platform giving so many choices to cater the financial needs. Highly recommended!
Dr Financewala through it’s partner lenders offers a flexible repayment period of 6 months to 60 months. Customer can avail a personal loan from Rs 10,000 onwards. The annualized reducing interest rate ranges from 10.25% to 29.99% depending on the customer’s credit profile, and lender policy.
Representative example APR calculation: Rs.1 Lakh loan availed at interest rate of 12% with processing fee of Rs.1,000 for a tenure of 60 months. Total interest payable by customer will be Rs.33,467 and monthly EMI will be Rs.2,224.
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Frequently Asked Questions
A personal loan is multipurpose in nature which means that you can use the amount for any purpose. Unlike home loans or car loans, where the lender restricts the use of the amount for specific purpose, personal loans can be used for any need.
Apart from being multipurpose in nature, personal loans are usually security free, disbursed instantly or within a few days and can be applied for with minimal documentation. You can check pre-qualified personal loan offers for you and apply online on the IndiaLends website.
Apart from being multipurpose in nature, personal loans are usually security free, disbursed instantly or within a few days and can be applied for with minimal documentation. You can check pre-qualified personal loan offers for you and apply online on the IndiaLends website.
While the minimum eligibility criteria to apply for a personal loan in India varies from lender to lender, certain parameters are common. In general, you must be 18-65 years old, have a minimum credit score of 720 or more and a monthly income of ₹20,000 or more.
Contrary to popular belief, just like any salaried individual, a personal loan can be availed by self-employed individuals as well. Anyone self-employed individual who meets the minimum eligibility criteria and has ITR for the last three years of their business can get a personal loan from IndiaLends.
Ideally, one must have a minimum credit score of 720 to 750 to get an unsecured personal loan at reasonable rates. Since your credit score determines your creditworthiness, banks & NBFCs consider this as the predominant eligibility criteria for a personal loan.
Salaried individuals need to provide proof of age & identity, residency, income details, PAN and bank statements to apply for a personal loan. For self-employed individuals, apart from the basic details, the last three years’ ITR is required to apply for a personal loan.
Depending on your credit profile, credit score and lender, you can get up to ₹70 lakhs of personal loan amount at InfediaLends. IndiaLends generate the best personal loan offers for you from more than 70+ RBI-approved banks & NBFCs in India.
You can compare, select and choose from personalised loan offers from top RBI-approved lending institutions on the IndiaLends website. Here is a comparative analysis of personal loan offers from our top lending partners.
| BANK/NBFC | Interest Rate(pa) | Loan Amount | Processing Fees | Part Payment | Pre-closure Charges | Locking Period | Tenure |
| IDFC First Bank | 12.00 % to 21% | 1 Lakhs to 40 Lakhs | Up to 2.0% of the loan amount | Up to 40% of loan amount every year | 5% on your principal outstanding + GST | 1 Month | 12 to 60 months |
| HDFC Bank | 11.25%- 17.75% | 50k to 40Lakhs | Up to 2.50% of the loan amount subject to a minimum of ₹1,999/- & Maximum of ₹25000/- | Up to 25% of Principal Outstanding allowed | 13-24 Months – 4% of Principal Outstanding 25-36 Months – 3% of Principal Outstanding >36 Months – 2% of Principal Outstanding >48 months – 0% | 12 Months | 12 to 60 months |
| ICICI Bank | 11.50% – 17.25% | 50k to 25 Lakhs | Up to 2.25% per annum of loan amount plus GST | Not available | 5% per annum of principal outstanding plus GST | 6 months | 12 to 60 Months |
| Bajaj Finserv | 12.49% -15.30% | 1 Lakh to 20 Lakhs | Up to 2.0% of the loan amount | Normal Loan – Should be more than 1 EMI (2% + applicable taxes on part-payment amount paid) Flexi Loan – Unlimited part payment Allowed (Min. Rs. 100 ) without any charges | 4% plus applicable taxes on Loan amount | 1 month | 12 to 60 Months |
| Kotak Bank | 10.75% -17.99% | 1Lakh to 30Lakhs | Up to 2.5% of the loan amount + GST and other applicable statutory levies | – | 5% of the outstanding amount + GST on principal outstanding | 12 months | 12 to 60 Months |
| TATA Capital | 11.25%-18.75% | 75K- 25 Lakhs | From ₹999/- Up to 3.00% of the loan amount and applicable Service Tax | Part-payment up to 25% of the principal outstanding (No part-payment charges) More than 25% of the principal outstanding (2.50% part-payment charges on the part-payment exceeding 25% of principal outstanding) *Maximum of 50% of the principal outstanding permissible | >6 months – 3.5% of principal outstanding For Loan amount >=7Lacs – NIL Preclosure BT – 5% of the principal outstanding | 6 Months | 12 to 72 Months |
| IndusInd Bank | 11.50% -19.0% | 1Lakh to 25Lakhs | Up to 3.00% of the loan amount plus tax | – | Salaried: 4% of the principal outstanding after repayment of 12 EMIs. | 1 Year | 12 to 60 Months |
| RBL Bank | 11.99%- 18.0% | 1Lakh to 20Lakhs | 1.5% of the loan amount (Non Refundable fee of Rs 7500 Upfront, Rest at the time of disbursal) | NIL | NIL | 12 months | 12 to 60 Months |
| Yes Bank | 10.99% – 15.99% (BT Special rates – 10.75%) | 1Lakh to 25Lakhs | Up to 2.50% of the loan amount subject to a minimum of ₹999/- plus taxes | • 20% Principal Outstanding for 12 – 24 months • 20% Principle Outstanding for 25 – 36 Months • 25% Principal Outstanding for 37 – 48 Months • 25% Principal Outstanding for 49 – 60 Months 1% plus applicable taxes on part payment amount paid | 13 – 24 months – 4% of principal outstanding 25 – 36 months – 3% of principal outstanding 37 – 48 months – 2% of principal outstanding >48 Months – Nil | 12 months | 12 to 60 Months |
| Credit Saison India | Starting from 13%* | 50K to 5 Lac | Up to 3.0% of the loan amount | Not Allowed | 5% on your principal outstanding + GST | 6 Months | 12 to 60 months |
| InCred Financial Services | Upto 36% p.a. | Upto 10 lakhs | Upto 5% of the loan amount | Not Allowed | Within 1 Year: 5% of Outstanding Amount + GST After 1 Year: 4% of Outstanding Amount + GST | Upto 6 months | Upto 60 months |
Depending on your credit history and lender, the interest rate that you pay on a personal loan may vary. Ideally, a better credit profile increases the chances of lower interest rates on a personal loan.
| BANK/NBFC | Interest Rate(pa) | Loan Amount | Processing Fees |
| 1 | Yes Bank | 10.99% – 15.99% (BT Special rates – 10.75%) | ₹1 lakh – ₹25 lakhs |
| 2 | ICICI Bank | 11.50% – 17.25% | ₹50k – ₹25 lakhs |
| 3 | HDFC Bank | 11.25% – 17.75% | ₹50k – ₹40 lakhs |
| 4 | Kotak Bank | 10.75% – 17.99% | ₹1 lakh – ₹30 lakhs |
| 5 | Tata Capital | 11.25%- 18.75% | ₹75k – ₹25 lakhs |
| 6 | IndusInd Bank | 11.50% to 19.00% | ₹1 lakh – ₹25 lakhs |
| 7 | IDFC First Bank | 12.00 % to 21% | ₹1 lakh – ₹40 lakhs |
| 8 | Bajaj Finserv | 12.49%-15.30% | ₹1 lakh – ₹20 lakhs |
| 9 | RBL Bank | 11.99% – 18.0% | ₹1 Lakh – ₹20 Lakhs |
When you already have a personal loan, financial institutions offer a top-up facility that allows you to borrow additional funds over and above your existing loan. Although the interest rate for a top-up loan may be slightly higher than that of a regular personal loan, it provides you with the convenience of accessing extra funds without applying for another personal loan.
With a balance transfer, you can pay off your current loan by availing yourself of a new loan at a lower interest rate. This way, you can reduce your overall interest burden. However, please keep in mind that there may be a fee associated with transferring your personal loan balance.
A personal loan EMI calculator allows you to calculate the EMI amount you will need to pay every month for a personal loan. All you have to do is enter the desired loan amount, the tenure and the rate of interest to calculate EMI amount.