FAQs
The Loan approval process at ICICI Bank is simple, quick and instant. Once a customer's Personal Loan is approved, it takes only 3 seconds for the amount to be disbursed into your Account.
Which bank gives the fastest personal loan? ›
Best for excellent credit: LightStream
LightStream offers unsecured personal loans of up to $100,000, with low rates for borrowers with excellent credit. It's one of the fastest overall in terms of loan funding speed, with borrowers able to obtain funds as quickly as the same day they're approved.
How to get a loan instantly online? ›
Get instant personal loans upto ₹5 lakhs
- Enter a few details and check your eligibility.
- Finish your online application on the LazyPay app.
- Get XpressCash instantly in your bank account.
Eligibility Criteria Of Personal Loan for ₹10 Lakhs
⦁ Age: Applicants should fall within the age bracket of 21 to 60 years. ⦁ Minimum Monthly Income: ⦁ For Kotak Bank Salary Account holders: A minimum net monthly income of ₹ 25,000.
How can I get an instant loan immediately? ›
The required documents for instant loan approval are:
- Aadhaar card linked to your mobile number.
- Pan card.
- Photo ID proof.
- 6 months' bank statement for salaried individuals.
- 6 months' bank statement with maximum transactions for self-employed individuals.
The easiest banks to get a personal loan from are USAA and Wells Fargo. USAA does not disclose a minimum credit score requirement, but their website indicates they consider people with scores below 640, so even people with bad credit may be able to qualify.
Which bank gives online loans? ›
Get a personal loan in quick time
Get funds in 10 seconds if you are a pre-approved HDFC Bank customer. Other customers can get a loan within 4 working days subject to documentation and verification as per bank's requirement.
What is the easiest place to get a personal loan? ›
Easiest-to-get personal loans compared 2024
| Title | APR | Loan amount |
|---|
| Avant | 9.95% to 35.99% | $2,000 to $35,000 |
| LendingClub | 8.98% to 35.99% | $1,000 to $40,000 |
| OneMain | 18% to 35.99% | $1,500 to $20,000 |
| LendingPoint | 7.99% to 35.99% | $2,000 to $36,500 |
6 more rowsPayment history is weighed the most heavily in determining your credit score, along with your total outstanding debt. Generally, borrowers need a credit score of at least 610 to 640 to even qualify for a personal loan. To qualify for a lender's lowest interest rate, borrowers typically need a score of at least 800.
Which bank gives loans easily in India? ›
HDFC Bank is a leading bank that offers numerous banking products at affordable prices. The personal loan product provided by the bank is affordable and attractive. 10.50% p.a. to 21.00% p.a.
All borrowers on Lendbox must meet the following criteria to be eligible to be listed on our platform:
- You must be an Indian Resident.
- You must be older than 21 years old.
- You must have a valid Indian ID proof.
- You must have a valid Indian bank account.
- You must have a minimum monthly net income of 15,000.
₹ 2 Lakhs Personal Loan EMI for up to 4 Years
| Loan Amount (Rs) | Interest Rate (p.a.) | EMI (Rs) |
|---|
| Rs 2,00,000 | 10.99% | 17675 |
| Rs 2,00,000 | 10.99% | 9320 |
| Rs 2,00,000 | 10.99% | 3273 |
| Rs 2,00,000 | 10.99% | 5168 |
For Rs 5 lakh personal loan, the EMI for 1-year loan tenure at an 11.99% rate of interest per annum is ₹ 44,442, 2-year tenure is ₹ 23,534, 3-year tenure is ₹ 16,605, 4-year tenure is ₹ 13,164 and 5-year tenure is ₹11,120. Disclaimer: These are approximate EMI calculations, actual numbers may vary.
What is the interest rate for SBI personal loan 10 lakh? ›
So, the EMI for an SBI personal loan of ₹10Lakhs at an interest rate of 11.00% per annum for a tenure of 6 years would be approximately ₹19035.
What is the max personal loan in India? ›
Depending on your salary, credit score and employment status, you can get a Personal Loan starting from Rs 50,000 up to Rs 50 lakh, subject to ICICI Bank's internal policy. The amount is decided based on your age, income and other factors. This amount can also be increased depending on certain factors.
Who has the fastest loan approval? ›
Best Quick Loans Comparison
| Lender | APR | Approval/Funding Timeline |
|---|
| LightStream | 7.49% - 25.99% | Same day - 2 business days |
| Best Egg | 8.99% - 35.99% | 2 - 4 business days |
| Upgrade | 8.49% - 35.99% | 2 - 3 business days |
| OppLoans | 160% - 179% | 2 - 3 business days |
2 more rowsYou can obtain an instant loan after providing the necessary information or after electronically filling out the form. Loan approval is subject to the terms and conditions established by the bank.
Do you get personal loans instantly? ›
A fast personal loan is one where you can receive funding quickly; with some lenders, it can be as soon as the same day. That quick turnaround includes the entire process, including applying, receiving a decision and then receiving the funds in your bank account.
