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Personal Loan without Security

Personal loan is an unsecured loan in which applicant is not required to submit any security or collateral with the bank. Most of the personal loans are collateral-free but some may require your fixed deposit as a security. Personal loan without security is sanctioned by the lender considering your monthly income, credit score, cash flow, repayment capability, age, location, etc.

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Digital Process

Hassle-free & paperless

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Personal Loan EMI Calculator

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹40L
Rate of Interest9.99% - 17.15%
Tenure upto1-5 Years
Processing Fee1% - 1.5%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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Compare & Choose the Best Offer

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Types of Personal Loan without Security or Collateral

Features of Personal Loan without Security

  • Unsecured personal loan
  • No Collateral/Security required by the bank
  • Interest Rate: 9.98% p.a. onwards
  • Loan amount up to Rs. 40 lakh, may exceed as per requirements
  • No End-Use Restriction
  • Repayment Tenure up to 60 months, may exceed
  • Processing Fee: Nil to 5% of the sanctioned loan amount
  • Foreclosure Charges: Nil to 5% on the outstanding amount

Eligibility Criteria for Personal Loan without Security

  • Salaried and Self-employed individuals
  • Age: Minimum 18 years and maximum 65 years
  • Credit Score: 750 or above
  • Salary: Minimum monthly salary of Rs. 15,000 or above (Shall vary from lender to lender)
  • Minimum work experience: 1 year and 6 months with the current organization
  • Employment Type: Working with reputed Private or Public Limited Company or an MNC
  • No previous loan defaults with any financial institution

Documents Required for Personal Loan Application

  • Duly filled application form with passport-sized photographs
  • Identity Proof: Passport, Aadhar card, Driving license, Voter ID card
  • Address Proof: Voter ID card, Aadhar card, Driving license, Passport
  • Income Proof: Latest salary slips/latest salary certificate with Form 16
  • Last 6 months' bank statements
  • Employee's ID card
  • Business Incorporation Certificate for Self-employed individuals
  • Any other document required by the bank

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All Your Needs

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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Personal Loan Articles

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APR vs Interest Rate in Personal Loans: What’s the Difference?

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What our customers say

Personal Loan

Maine Paisabazaar se personal loan apply kiya or Jaldi approval bhi mil gaya aur zyada documents bhi nahi lage.

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Abbaz AhmedApr 10, 2025

Got pre-approved Loan offer

I was looking for Personal loan and came across this platform. I applied online and received multiple loan offers instantly and got a pre-approved offer, and the amount was disbursed within 48 hours.

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Kirti MadaanMar 17, 2025

Loan for Home Renovation

Do din pehle maine apne purane ghar ki renovation ke liye Paisabazaar se loan apply kiya. Process kaafi easy aur smooth tha. Aaj subah mujhe message aaya ki mera loan approve ho gaya hai.

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Rohit GuptaMar 7, 2025

Personal Loan

Take Personal Loan from Paisabazaar. Approved in 2 days, easy process

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Tarun RaghavJan 21, 2025

Took a personal loan

I took a personal loan from Bajaj Finserv via Paisabazaar, and it was easy! Paisabazaar made it smooth and simple. The whole process was quick and hassle-free!

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Palvika PanchalJan 6, 2025

Personal Loan via Paisabazaar

Got a personal loan via Paisabazaar—super easy & quick! Kunal from sales was super helpful, explained everything well. Highly recommend! ?

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DeshmukhDec 19, 2024

Loan for Medical Emergency

Mujhe ekdum urgent medical emergency ke liye paise chahiye the. Paisabazaar se loan liya, aur honestly, sab kuch ekdum smooth tha! Process fast tha, team helpful thi, aur paise bhi jaldi mil gaye

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PawanDec 17, 2024

Get personal loan

Paisabazaar se pre-approved personal loan jadi milgya.. Or 48 hours mai paisa account mai agya.. Team is very helpful

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Kirti GargDec 15, 2024

Good experience

Good experience with Paisabazaar! Loan approval hua within 48 hours aur rates bhi kaafi reasonable the.

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Ashok KumarDec 13, 2024

Personal Loan

Main Travel k liye loan apply kiya tha.. jo jaldi hi approve hogya or account mai agya.

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Deepak KumarDec 10, 2024
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Last updated: 12 September, 2025

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