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Personal Loan in Lucknow

The royal city of Lucknow is the largest in the state of Uttar Pradesh. A city known for its manners and hospitality, there is so much more to Lucknow than meets the eye. It is also a city that is now evolving to be a hub for design, culture, tourism, governance, administration, etc. 

The city of Lucknow is also a booming hub for financial institutions and banks. This aspect makes it easier for its residents to avail of a personal loan in Lucknow

If you are facing a financial crunch and need to avail funds, you can apply for an instant loan through Finnable.

You can apply for a loan of up to Rs. 10 lakhs. It can be a marriage loan, a home renovation loan, an education loan, etc.  

Since it is an unsecured loan, you do not need to pledge any security against the availed amount. 

A personal loan in Lucknow can only be availed by the salaried. This loan for the salaried comes with affordable interest rates starting at 16%.

personal loan eligibility

Personal Loan Eligibility

The eligibility for a personal loan includes:

  • Citizenship: Only Indian citizens can apply for an instant loan.
  • Age: You will need to be at 21 years of age to apply for the personal loan in Lucknow. The maximum age limit to apply is 45 years.
  • Employment: To avail of personal loan, you need to hold a full-time position in a private organisation or a government company.
  • Tenure: You should have held this position for more than 3 months.
  • Work experience: You will also need to have more than 6 months of total work experience.
  • Income: You will need to show that you earn more than Rs. 20,000/- as monthly income. If you live in a Tier-II city, this income should be more than Rs. 15,000/-.
  • Receipt: Your salary should be credited into your bank account. If you receive cash as your income, you do not fulfill the eligibility criteria. 

Required Documents

To apply for a personal loan, you do not need to visit any branch or office. You can apply through Finnable’s online loan app. To apply, you need to follow these steps:

  • Get the personal loan app. This can be downloaded from the App Store or Play Store
  • Create your profile by adding your personal and professional details
  • Select the type of loan
  • Enter the amount you need 
  • Choose the loan tenure 
  • Upload the documents as mentioned
Personal Loan in Calicut

How to Apply For Personal Loan in Lucknow?

1.What is the loan application process?

The entire process to avail a loan in Chennai can be carried out through Finnable’s personal loan App. Follow the 3-step process to avail of an instant personal loan online

Step1: Download the personal loan app and create your profile. The profile should include your personal as well as professional details.

Step 2: Choose the types of loan you are looking for, enter the loan amount, and select your tenure and terms.

Step3: Upload your PAN card, Aadhar card, and salary slip. 

The turnaround time for the funds to be credited into your account is within 6 hours of document verification. 

2. How to pay Loan EMI?

Personal loans are repaid through EMIs. To make things easier and simpler, borrowers can repay the loan EMI automatically by filling up the e-mandate for the number of months he has availed the loan for. 

3. How to calculate Personal Loan EMI?
Personal loan EMI is calculated using 3 important factors: the amount of the loan, the tenure of the loan, and the interest rate on the loan. Once you know the personal loan amount, you can choose your loan tenure.

For instance, Finnable’s loan tenure starts from 6 months to 60 months and the personal loan interest rate starts at 16% up to 26%. Though the lender decides on the final rate of interest, applicants can get a ballpark idea about the EMI by adjusting the same on the personal loan EMI calculator.

It is best to use the personal loan EMI calculator before availing of the loan, as it gives the applicant an idea about the repayment amount.  This would in turn help them to budget the additional outflow of expenses.

They also have the option to either increase or decrease the personal loan tenure so that the EMI does not create a dent in their monthly budget.


1.How to calculate EMI for an instant personal loan?
Your loan EMI can be calculated using the following formula: 

EMI = PxRx[(1+R)^N]/ [(1+R)^N-1]


The loan amount is P

The personal loan interest rate is R

And the loan tenure is N

You can also use the personal loan EMI Calculator to get the EMI on your loan. 

2. What are the benefits of a personal loan?

The benefits of getting a personal loan in Lucknow include:

  • Quick disbursal

  • 100% digital process

  • Minimal documentation

  • Online process

  • No collateral or asset is to be pledged.

3. What are the types of unsecured loans?

Unsecured loans are defined as loans that do not require any asset to be pledged against the loan amount. The various types of unsecured loans include:

  • Student loan

  • Shopping loan

  • Marriage loan

  • Home renovation loan

  • Travel loan

  • Vehicle loan 

  • Medical loan etc. 

4. What is the highest personal loan amount I can apply for?

You can get an instant personal loan of up to Rs 10 lakhs from Finnable. 

5. Can I pay more than the EMI amount?

Yes, you can pay more than the loan EMI amount. If you made any extra payment, it gets adjusted against the EMI. You can also opt for a Flexi-repayment plan that allows you to increase your loan EMI amount in case you receive a windfall.

6. Is prepayment allowed for an instant personal loan in Lucknow?

You can consider doing a prepayment or pre-closure of your instant loan. However, depending on when you wish to do so, certain pre-payment charges may apply to the remaining principal amount.

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