Apply for Rs. 1 lakh personal loan online at affordable interest rates starting from 10.25% p.a. for medical emergencies, shopping for a gadget or latest smartphone, vacation, and so on. Rs. 1 lakh loan online can be availed easily with minimal documentation for tenure ranging between 12 to 60 months.
Generally, the personal loan application procedure differs from one bank to the other. However, almost all banks offer the facility of applying for the instant 1 lakh loan online.
It can be challenging for you to compare the interest rates of all the loan service providers and decide on the ideal option. Therefore, we make it easy for you by allowing you to compare the different 1-lakh rupees loan products on a single page.
While there are many ways of applying for a personal loan upto 1 lakh, an online application through fastmudra is the most convenient. Here is how you can apply online for a personal loan through our website.
We have almost all top banks offering one lakh loan to their customers. You can easily compare between an extensive range of loan offers online on a single page.It saves your time and effort of applying for a loan with every bank separately.
Alternatively, you can also call us at 1800 103 4004 or 9887114161 or send us an email at email@example.com to apply for the loan.
Additional Reading: How to get personal loan in Chennai?
Even if you meet the eligibility criteria of the lender, you cannot avail of a 1 lakh loan without documents to prove your eligibility. The documents required for a personal loan are as follows:
Income Proof Documents
Additional Reading: Cibil Score Required for Personal Loan
Before Applying for a personal loan make sure you know the applicable rates and charges. The 1 lakh loan interest rates vary from one bank to the other. The nationalized banks offer lower rates of interest than the private sector banks. However, other financial institutions offering the 1 lakh loan scheme charge higher rates, depending on their internal loan policies.
|Name of Bank||Rate of interest|
|SBI||10.30% to 15.65%|
|ICICI Bank||10.50% to 19%|
|Yes Bank||10.99% onwards|
|Bajaj Finserv||13% onwards|
|Money Tap||13% to 24.03%|
Additional info: Check Personal Loan for Women & their Interest Rates.
Calculating your 1 lakh personal loan EMI is crucial as it enables you to know your monthly outflow. It helps to manage your finances better.
You can calculate your loan EMI amount for personal loan upto 1 lakh using the Personal Loan EMI Calculator available on our website by following the easy steps mentioned below.
Step 1 – Access the Financial Tools webpage on our official website.
Step 2 – Enter the loan amount, interest rate, and repayment tenure.
Step 3 – You get your personal loan EMI immediately along with the loan amortization schedule that gives you a break-up of the principal and the interest repayment portions throughout the loan tenure.
If you want a low EMI personal loan, you can try different combinations to reach the ideal EMI for you.
|Name of Bank||Rate of interest||EMI for 2 Years||EMI for 5 Years|
|State Bank of India||10.10% to 15.65% per annum||₹ 4,614||₹ 2,125|
|ICICI Bank||10.50% to 19% per annum||₹ 4,638||₹ 2,149|
|Yes Bank||10.99% onwards per annum||₹ 4,660||₹ 2,174|
|Bajaj Finserv||13% onwards per annum||₹ 4,754||₹ 2,275|
|Money Tap||13% Onwards per annum||₹ 4,754||₹ 2,275|
Additional Reading: Also know about the Debt consolidation a new single loan.