Personal Loan is an unsecured loan and one of the best loans that can be used for marriage expenses, paying medical bills or planning your dream vacation. Personal Loans can act as a financial cushion for you at the time of emergency. Whatever your financial goals are, Personal Loans caters to all your needs. Availing Personal Loans are not restricted to just emergencies, you can apply for a Personal Loan to fund your vacation as well. 

You can apply for a Personal Loan through Loan Mitra website and help meet your diverse financial needs. You can avail a Personal Loan up to Rs 25 lakhs and meet a personal exigency that can crop up anytime in life. The process of loan application is instant and convenient, and can be done online from the comfort of your home. The instant Personal Loan approval process ensures you have a seamless and hassle-free borrowing experience. Also, with our instant Personal Loan online services, you can get access to the funds within 48 hours.

To avail of the Personal Loan, all you need to do is submit the loan application form through Loan Mitra. On meeting the eligibility criteria, you will get an offer with the sanctioned amount, tenure of loan and interest rate.Once you accept the offer, funds are transferred to your bank account instantly.

Personal Loan is offered up to ₹ 25 Lakhs. However, based on the loan requirement, one can avail up to ₹ 50 Lakhs subject to eligibility norms.

A CIBIL score above 685 is considered good for sanctioning of Personal Loan. However you can also get a personal loan even if your CIBIL score is below 685.

You pay the loan in equal monthly installments (EMIs) through ECS or a standing instruction to debit your Bank account with the EMI amount.

You don’t need to provide any security, collateral or guarantor to obtain a Personal Loan.

Interest on Personal Loan depends on various factors such as CIBIL score, Repayment History, Principal amount, and Tenure. However many banks offer Personal Loan at interest rates ranging from 10.50% to 19%.