Personal loan
An unsecured loan for personal needs such as medical expenses, home repairs or a planned purchase. Approval usually depends on income, credit history and repayment capacity.
Understand loans
Borrow with clarity.
Plan with confidence.
Learn how different loans work, what lenders may assess, which costs matter and what to check before taking on a repayment commitment.
Start with the purpose
A loan should solve a defined need
A loan lets you use money now and repay it over an agreed period, usually with interest and charges. The right type depends on why you need the money, whether you can offer security, and what repayment comfortably fits your income.
Home loan
Long-term finance for buying, building or renovating a home. The property is normally held as security until the loan is repaid.
Education loan
Funding for eligible course fees and related study expenses. Repayment may begin after the course or a defined moratorium, depending on the lender's terms.
Business loan
Credit for working capital, equipment, expansion or other business needs. Lenders may review turnover, cash flow, business vintage and repayment history.
Loan against property
A secured loan raised against an owned residential or commercial property. The property remains collateral while the funds can support an approved personal or business purpose.
Balance transfer
Moving an existing loan to another lender under new terms. Interest savings should be considered together with transfer fees, remaining tenure and other charges.
Before you apply
What lenders may look at
Approval and terms are decided by the lender. The exact checks vary by loan and lender, but an application commonly includes these parts of your financial profile.
- Income and stability
- Your earnings, continuity of income and ability to manage the proposed EMI.
- Credit history
- Your record of handling past and current credit commitments.
- Existing obligations
- Other EMIs and regular commitments that already use part of your monthly income.
- Security and purpose
- For secured loans, the asset and its documents; for any loan, the stated use of funds.
Be application-ready
Documents you may be asked for
Requirements differ for salaried, self-employed and business applicants. Keep current, legible documents ready and confirm the lender's exact list before applying.
Identity
PAN, Aadhaar or another accepted identity document
Address
An accepted current address document
Income
Salary records, income tax returns or business financials, as applicable
Banking
Recent bank statements for the period requested by the lender
Understand the cost
A loan costs more than the amount borrowed
Read the sanction letter and loan agreement carefully. These terms shape both your monthly payment and the total amount you may repay.
01
Interest rate
The percentage charged on the outstanding principal. Check whether it is fixed, floating or changes under stated conditions.
02
Processing fee
A charge for handling the application, usually paid upfront or deducted before disbursal.
03
Tenure
The repayment period. A longer tenure can reduce the EMI but may increase the total interest paid.
04
Prepayment terms
The rules and possible charges for paying part or all of the loan before the scheduled end date.
Borrow responsibly
Make room for the repayment before taking the loan
Work out how the EMI fits alongside essential expenses, savings and unexpected costs. Borrow only for a clear purpose, avoid relying on approval promises, and do not sign until the rate, charges, tenure and repayment conditions are clear.
Loan questions
Useful answers before you apply
Need help choosing the right loan?
Tell us your borrowing purpose and preferred repayment period. We'll help you understand the available options and the terms that matter.