Personal Loan

Instant Personal Loan Online with Rupee Boss: Get Your Funds Fast
With Rupee Boss, you can now avail an instant personal loan online, making the entire process quick and convenient. Whether you're planning a trip to your dream destination, renovating your home with modern furnishings, organising your dream wedding, or facing a medical emergency, an online Personal Loan from Rupee Boss will always be there to help you fulfill your requirements with the lowest personal loan interest rate

Personal Loan EMI Calculator

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Why choose Rupee Boss for your Personal Loan needs?

We connect you with the best lending partners in India, ensuring that you receive the most suitable loan options. Simply choose from our list of Personal Loan partners and avail the best personal loan in india based on your specific needs and convenience.
By choosing Rupee Boss for your personal loan needs, you can enjoy these benefits and have peace of mind knowing that you are dealing with a trusted and reliable lender. Apply for the best online personal loans with Rupee Boss today and experience a seamless borrowing experience with attractive benefits!

Service benefits

Quick and Convenient Process: Applying for an instant personal loan with Rupee Boss is a seamless and hassle-free experience. Our online platform allows you to complete the online loan applications quickly and conveniently from the comfort of your home and offers the lowest processing fee for a personal loan

Competitive Interest Rates: Rupee Boss offers the best personal loan in india with competitive interest rates. Choose Rupee Boss as your preferred lender and unlock the advantages of low-interest personal loans for affordable monthly repayments.

Flexible Loan Amounts: Gain the flexibility to choose the instant personal loan that suits your requirements. Whether you need a small amount or a larger sum, we have options available for you.

Quick Approval and Disbursement: We value your time and strive to provide fast approval and disbursements to get loans online. Once your loan application is approved, the funds will be disbursed to your account quickly, allowing you to address your financial needs without delay.

Key Features

Interest Rate: 10.55% p.a. onwards

Loan Amount: up to Rs 40 lakh depending on your income; some lenders may offer higher loan amounts

Tenure: up to 5 years (some lenders offer repayment period till 8 years)

Processing Fees: 0.5% to 4% of loan amount (may vary across lenders)

Eligibility Criteria

Personal loan eligibility varies across lending institutions and loan schemes so a common set of housing loan eligibility criteria is given below

Age Limit

18 – 60 years

Minimum Income 

Salaried – Rs. 15,000 per month

(may vary across lenders)

Minimum Work Experience

Usually 1-3 years, with a minimum of 1 year with your current employer.

Credit Score

Preferably 750 and above (varies across lenders)

Personal Loan Interest Rates

Rate of Interest
HDFC Bank 10.55% – 13%
ICICI 10.55% – 13%
Yes Bank 10.75% – 14%
Poonawalla Fincorp 10.75% – 15.5%
Axis Bank 11% – 14.5%
IDFC 11% – 14.5%
IndusInd 11% – 14.5%
Kotak 11% – 16.5%
Tata Capital 12% – 16%
Axis Finance 13% – 15%
Chola 13% – 16%
SCB 13% – 16%
Bajaj Finance 14% – 16%
Aditya Birla 14% – 18%
Piramal 14% – 20%
Primal Capital Finance 14% – 20%
PaySense 14% – 28%
Fullerton 15% – 21%
Hero 15% – 24%
Finnable 17% – 24%
Upwards 18% – 28%
IIFL 20% – 32%
InCred 20% – 32%

Documents Required

Salaried Individuals:

  1. Passport Size Photo
  2. Pan Card
  3. Digital Aadhar Card
  4. Latest 3 months salary slip
  5. 6 months Bank Statement (reflecting the salary credited)
  6. Current Residence Address Proof (Utility Bill / Maintenance Bill / Rent Agreement & Light Bill with the owner’s name)
  7. Form16
  8. Company ID Card / Offer Letter / Visiting Card

Note: The above list is indicative and your lender might ask for additional documents


1. What credit score do I need to qualify for a personal loan?

Answer: The minimum credit score necessary to secure a personal loan depends on the eligibility criteria established by the lender. Most lenders do not specify a specific minimum credit score requirement for a personal loan. While certain lenders may extend loans to individuals with lower credit scores (below 750), such cases usually involve higher interest rates.

2. Is it possible to cancel a personal loan after the loan amount has been disbursed?

Answer: Depending on the terms and conditions set by the lender, you might have the option to cancel a personal loan post-disbursal. However, keep in mind that doing so could result in cancellation charges and processing fees. It's important to note that not all banks permit loan cancellations once funds have been disbursed. Alternatively, you can consider prepaying the loan according to the bank's terms to reduce interest costs.

3. What is the minimum salary required for obtaining a personal loan?

Answer: The minimum monthly income needed to qualify for a personal loan varies from one lender to another. Larger financial institutions such as private and public sector banks usually have a minimum income requirement of Rs 15,000 per month and above.

4. If I have a pension account with a leading bank in India, can I, as a pensioner, apply for a personal loan?

Answer: Lenders provide personal loans in the form of pension loans to pensioners who maintain their pension account with the respective bank.

5. Are students eligible to apply for a personal loan?

Answer: Students can apply for personal loans if they meet the various eligibility criteria established by lenders, including factors such as age, income, and credit score.

6. Can I obtain a personal loan while already having a home loan?

Answer: Yes, it is possible to apply for a personal loan even if you have an existing home loan. Approval for the loan will depend on your ability to repay the new loan while managing your existing home loan.

7. Is it feasible to secure a personal loan without a salary slip?

Answer: Yes, you can obtain a personal loan without submitting salary slips. You can provide alternative documents such as bank account statements, a copy of Form16, or an employee certificate from your employer as proof of income. However, it's advisable to confirm the specific documentation requirements with the lender, as they may vary.

8. Can I utilize a personal loan for funding a wedding?

Answer: Yes, you can utilize a personal loan or specific variants like wedding or marriage loans to cover various expenses related to a marriage.

9. Can I take personal loans from two different banks concurrently?

Answer: Yes, it's possible to acquire personal loans from two different lenders simultaneously, provided the second lender is satisfied with your repayment capacity. However, it's generally more advisable to consider a single loan from the lender offering better interest rates and terms.

10. Are there any fees for prepaying my personal loan?

Answer: Lenders have the authority to impose prepayment or foreclosure charges on personal loans with fixed interest rates. However, loans with floating interest rates are not subject to these charges as per RBI guidelines.

11. Must I offer collateral or security for a personal loan application?

Answer: Typically, personal loans are unsecured, meaning no collateral or security is required. However, some lenders do offer secured personal loans that involve providing collateral. Opt for a secured loan only if unsecured options are not available or come with very high interest rates.

12. How can I calculate the EMI for a personal loan?

Answer: Banks and NBFCs usually employ the reducing balance method to calculate personal loan EMIs. Online personal loan EMI calculators, available on lender websites and other platforms, also utilize the reducing balance method for computation.

13. What is the maximum loan amount achievable through a personal loan?

Answer: Lenders typically offer personal loan amounts ranging from Rs 10,000 to Rs 40 lakhs. The approved amount depends primarily on your income and existing loan obligations. Some lenders use the Multiplier Method, while others utilize the EMI/NMI Ratio or a combination of both methods to determine eligibility.

14. Can I secure a personal loan with a monthly salary of Rs. 12,000?

Answer: The minimum income requirements for personal loans differ among lenders. While top lenders usually stipulate monthly salary requirements between Rs. 15,000 and Rs. 30,000, some lenders extend personal loan options to individuals with lower incomes. Individuals with lower salaries may explore online financial marketplaces to assess eligibility for personal loan offers based on their current income.

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