A personal loan is an unsecured loan provided by financial institutions such as banks, credit unions, or online lenders. Unlike secured loans (such as mortgages or auto loans), personal loans do not require collateral. Borrowers can use personal loans for various purposes, including debt consolidation, home improvement, medical expenses, wedding expenses, travel, or any other personal financial need.
Minimum Age
21-65 Years
Income Stability
A stable source of income
Credit History
Preferably 750 and above
KYC Details
Proof of Residence
Proof of Income
Loan Amount
Up to Rs 40 lakh; some lenders may offer higher loan amounts
Interest Rate
10.49% p.a. onwards; some PSUs may offer lower rates
Tenure
Up to 5 years (some lenders offer repayment period till 8 years)
Processing Fee
0.5% to 4% of loan amount (may vary across lenders)
Select your loan amount, tenure, and interest rate below.
Step-by-step online process to apply for Financing
Check Eligibility
Check Your Loan Eligibility
Submit Application
Complete a 100% online application form
Get Sanctioned
We will evaluate your application and propose a fair sanction
Receive Funds
Get Disbursements within 2 days of sanction
Moneyverss provides new-age customized financing products for your business needs
No minimum utilization charges
Digitized process
Ease of understanding
Customised offers and discounts
End to end support
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