Personal Loan
Quick approval with minimal documentation for emergencies, travel or personal needs. Compare offers from our RBI-regulated bank & NBFC partners — free, with a dedicated advisor.
What is a Personal Loan?
A personal loan is an unsecured loan you can use for virtually any purpose — medical emergencies, weddings, travel, debt consolidation — without pledging any collateral. Approval is based primarily on your income, employment stability, and credit score, which is why personal loans typically carry higher rates than secured loans but disburse much faster.
LTV / collateral: Unsecured — no collateral or guarantor required.
Why take it through Kredistar
- No collateral or guarantor required
- Funds credited in as little as 24–48 hours for eligible profiles
- Use for medical, travel, wedding, or debt consolidation
- Repayment tenure from 3 to 60 months, depending on the lender
- One application compared across our bank & NBFC panel — zero fee to you
Types of Personal Loan
Quick-disbursal personal loan for unplanned medical expenses.
Covers wedding and event expenses, often with higher ticket sizes.
Financing for holidays or business travel.
Combines multiple high-interest debts into one lower-rate EMI.
Unsecured alternative to a home improvement loan — faster, but usually costlier.
For courses or expenses not covered by dedicated education loan schemes.
Eligibility
- Salaried, 21–58 years, or self-employed 25–65
- Minimum monthly income ₹20,000
- Good CIBIL score preferred
- Minimum 1 year in current job/business
Documents
- PAN card and Aadhaar card
- Last 3 months’ salary slips or ITR
- Bank statements — last 3–6 months
- Passport-size photograph
Do’s
- Borrow only what you need — unsecured loans carry higher rates than secured ones
- Check your CIBIL score before applying; 750+ typically gets the best rates
- Compare the all-in APR, not just the headline interest rate
- Read prepayment and foreclosure terms before signing
- Keep total EMIs under ~40–50% of monthly income for healthy finances
Don’ts
- Don’t take a personal loan to invest in speculative assets
- Don’t apply to many lenders in a short window — each hard inquiry can dent your score
- Don’t ignore processing fees and insurance add-ons bundled into the offer
- Don’t choose a long tenure for a short-term need — you’ll pay more interest overall
- Don’t share KYC documents before verifying the lender is RBI-registered
Estimate your Personal EMI
Indicative calculation on a reducing-balance basis. Excludes processing fee, GST and other lender charges.
Personal Loan — common questions
Do I need to state my reason for the loan?
How fast can I get the money?
Will a personal loan affect my CIBIL score?
Can I close my personal loan early?
Can I apply if I already have a personal loan?
Personal loan tenure, APR & cost example
Disclosed in line with Google’s personal-loan advertising policy and RBI’s fair-practice expectations. Kredistar is not the lender — final terms are set by the lending partner.
| Loan amount | ₹5,00,000 |
| Tenure | 48 months |
| Interest rate (reducing balance) | 33.38% p.a. |
| Monthly EMI | ₹19,000 |
| Total interest payable | ₹4,12,005 |
| Processing fee (4%) + GST (18%) | ₹23,600 |
| APR (interest + fees, annualised) | 36.5% p.a. |
| Total amount repayable | ₹9,12,005 |
| Total cost of borrowing (interest + fees) | ₹4,35,605 |
Illustrative only, built at the maximum APR (with the maximum processing fee) to show the highest likely cost — not a quote or offer. Your actual rate, fee, APR, tenure and total cost depend on the lender and your eligibility, and are disclosed in the lender’s Key Fact Statement before you accept. Lender: as per the sanctioning bank/NBFC from our partner list. Contact: Kredistar Finserv Pvt. Ltd., #164, 1st Cross, Judicial Colony, AECS Layout, Sanjaynagara, Bengaluru – 560094 · +91 93908 07900 · office@kredistar.in.
Our banking & NBFC partners
Loans are sanctioned and disbursed by these RBI-regulated lenders. Kredistar is their sourcing partner (DSA) — compare them and apply in one place.
Indicative starting rates published by lenders (Oct 2026) — your rate depends on your profile. Names and logos are trademarks of their respective owners, shown only to identify our lending partners.
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