1 Lakh Personal Loan
Making Young India Financially Able
Need a ₹1 Lakh Personal Loan? Finnable offers quick approval, minimal paperwork, and instant disbursal perfect for medical emergencies, home repairs, or personal needs. Apply now for hassle-free funds when you need them most.
Paperless
Loan in 60 Minutes
No collateral
Key Features & Benefits
Low EMI’s
Enjoy lower EMIs with interest charged on the reducing balance method. As opposed to a Flat rate of interest, reducing balance ensures the EMI amount remains low.
Quick Disbursal
Enjoy the convenience of fast processing and quick approval, with funds directly credited to your bank account.
Flexible Loan Amount and Tenure
Choose a loan amount and repayment tenure that best fit your needs and financial capabilities.
Personal Loan Assistant
Please write to your loan assistant at makeiteasy@finnable.com for any support. We aim to provide you with a seamless and hassle-free experience.
Documents Required for the Loan
Identity Proof
To verify your identity, you can submit any one of the following documents: Aadhaar Card, Passport, Voter ID Card, Driving License, or PAN Card.
Address Proof
For address verification, Finnable accepts documents such as the Aadhaar Card, Passport, Voter ID Card, recent utility bills including electricity, water, or gas bills, and a bank account statement.
Income Proof
If you are a salaried individual, you will need to provide salary slips for the last three to six months.
Employment Proof
Salaried professionals must include an employment certificate or an offer letter from their current organization.
Interest Rates & Charges
Finnable offers competitive interest rates for personal loans:
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Interest Rate Range: 16% to 30.99% per annum
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Loan Tenure: 6 months to 60 months
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Processing Fee: Upto 5% +GST
Factors influencing your interest rate include credit score, income, loan tenure, type of interest rate and debt-to-income ratio.
Why Choose Finnable for a Personal Loan?
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Instant approval and fast disbursal within 24 hours
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No need for collateral or guarantors
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Simple mobile application process
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Transparent terms with minimal documentation
Who Can Apply for a ₹1 Lakh Personal Loan?
To be eligible, you must:
- Be aged between 21– 55 years
- Have a full-time job in the government or private sector
- Be employed at your current organization for at least 3 months with total experience of 6+ months
- Receive your salary in a bank account (cash salaries not eligible)
- Have a minimum monthly salary of ₹15,000
Secure & Confidential Process
Your privacy and security are of utmost importance to us. Finnable employs 256-bit SSL encryption to ensure that all your personal and financial information remains protected throughout the loan application and disbursal process.
Why Finnable Stands Out?
- Trusted by thousands of satisfied customers across India
- Transparent pricing with no hidden fees
- Quick and hassle-free application process
- 24/7 customer support for all your queries
- User-friendly online portal for loan tracking and EMI payments
How to Apply for a Loan with Finnable?
Getting a personal loan through Finnable is straightforward and efficient. Here’s how it works:
Setup Profile
Sign up with your name, email, and mobile number. Verify your mobile number with an OTP and fill in your address and job details.
Choose Your Loan
Pick the loan amount you need, select the product, and choose a repayment period that suits you.
Upload Documents
Upload your ID proof, income proof, and address proof. Make sure the documents are clear, then submit them for verification.
EMI Options for ₹1 Lakh Personal Loan
Here’s the EMI breakdown for a ₹1,00,000 personal loan at 16% annual interest rate, using standard EMI calculations (monthly compounding):
|
Loan Tenure |
EMI Amount |
Total Interest Paid |
Total Repayment (Principal + Interest) |
|
12 months |
₹9,072 |
₹8,860 |
₹1,08,860 |
|
24 months |
₹4,896 |
₹17,843 |
₹1,17,843 |
|
36 months |
₹3,516 |
₹26,576 |
₹1,26,576 |
|
48 months |
₹2,833 |
₹36,301 |
₹1,36,301 |
|
60 months |
₹2,434 |
₹45,720 |
₹1,45,720 |
Factors Affecting Your EMI:
-
Interest Rate – Higher interest rates increase your EMI.
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Loan Tenure – A longer tenure reduces your EMI but increases total interest.
Common Uses of a ₹1 Lakh Personal Loan
A ₹1 Lakh personal loan from Finnable can be used for:
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Shopping expenses
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Wedding or marriage-related costs
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Education or tuition fees
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Medical emergencies
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Travel or holiday planning
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Any personal financial requirement
Apply Now and Get ₹1 Lakh in Your Account Today
With Finnable, securing a ₹1 lakh personal loan is just a few clicks away. There’s no need for lengthy paperwork, endless waiting, or multiple visits to the bank.
Ready to Get Started?
Click on Apply Now to begin your application today.
