Personal loan at Lowest Interest Rates

Quick Personal loan from multiple lenders at lowest interest rates and zero pre-closure charges after 3 EMIs. Compare and apply Online!

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 ₹20,000 - ₹1.5 lakhs    3 months - 1 year    Zero Pre-closure

Personal loan with fast and quick approvals

A personal loan is unsecured credit advanced by institutions and/or individuals without requiring a security or an asset guarantee. The loan is given based on an individual’s credit and financial position with expectation of return within a fixed time period. Personal loan applications are qualified for approval to meet a variety of requirements including travel, marriage/weddings, medical needs, home renovation, goods purchases, debt consolidation and others.

Basic eligibility required include a good credit history, adequate salary and a steady bank record. Other factors like years of employment, employer, city you stay in, etc also determine important factors like eligible amount, tenure and interest rate. Interest rates for personal loans vary from around 10.99% to 30% across different banks, NBFCs and P2P platforms with processing fees of between 2% to 7% of the loan amount approved.

Loans amounts can range between Rs. 10,000 to Rs. 30,00,000 for periods between 1 to 60 months depending on the type of requirement and eligibility. To apply for a loan, you must be atleast 21 years of age and have a stable source of income. Occupation is not a barrier, but it is relatively easier for salaried employees to get a personal loan as compared to businessmen or self-employed professionals.

Personal Loan Categories

Depending on the amount and repayment period, called tenure, personal loans can be divided into 3 different categories. You can avail for a loan based on the type of requirement:

Long-term loan: These loans are given for a tenure between 12 to 60 or sometimes even 72 months with amount ranging between Rs. 1,00,000 to Rs. 30,00,000. They help meet your large requirements and have lower interest rates due to the high amounts.

Short-term loan: These loans are given for a tenure between 3 to 12 months with amounts ranging between Rs. 20,000 to Rs. 1,00,000. They are perfect to help you with small requirements and interest rates charged are slightly higher given the shorter tenure.

Salary Advance loan: An advance is just an ultra-short-term loan given for periods between a few days and upto 3 months. The loan amount is generally used as bridge between salaries to meet expenses and attract high interest rates.

Cashkumar P2P Lending

Cashkumar through its RBI licensed, NBFC P2P lending platform brings together borrowers and lenders to transact in short-term personal loans. The model allows a lot of people who have been financially excluded to participate in the credit system. People with money get access to a new asset class and can invest by lending small amounts to multiple borrowers. Cashkumar undertakes the credit analysis of the applicants and approves borrowers based on multiple traditional & alternate data points. As compared to banks, P2P lending allows people from all segments to apply and avail a loan with a quick, online process.

Why do you need a Personal Loan?

A personal can be taken for a variety of purposes and requirements. Some of these include:

  • Travel Loan: Going out and exploring the world is not a privilege anymore but a necessity for most of you tired of a busy life. Funds are not a constraint anymore as personal loans can be taken for a luxurious vacation as well as quick P2P loans for short holidays
  • Home Improvement Loan: These help for reasons as wide ranging from getting a fresh coat of paint for the house to small repairs or remodelling and buying household equipment. It is easy to get a couple of lakhs to a few thousands via P2P Lenders, any number of Banks or NBFCs
  • Marriage Loan: It is known that weddings or marriages can cost a lot and it is not easy to arrange for such funds always. Extended parties or travel can also cost additional funds which can be met by applying for a personal loan
  • Debt Consolidation Loan: Most of you would have opted for borrowing money in life to meet a requirement or transact through credit cards. Debt consolidation loans help bring all obligations together under a single loan. Short-term loans also provide a great way to pay off high-cost credit card obligations.
  • Balance Transfer Loan: Banks and NBFCs offer a chance to transfer high interest loans to their institutions at a lower interest due to improved financial or work situation. These balance transfers provide respite by reducing interest rate or the tenure of the loan.
  • Rent deposit Loan: Increasingly young people are travelling to find employment in metro cities where rent deposits can be quite high. It is normal for deposits to be charged in the range of Rs. 1,00,000 for a single house. Given such profile are new to credit, short-term P2P loan providers are the best option to approach and get a loan sanctioned
  • Medical Loan: Life is never predictable, and you might come across accidents and emergencies from time to time. Personal loans which are unsecure in nature are a good option for people facing such emergencies. It is easy to get a few lakhs for serious treatments to a few thousands for cosmetic procedures.

Personal Loan Interest Rates

The most important factor that needs to be considered while taking a loan is the interest rate, which determines the extra amount that you must pay on the principal. It is basically a fee paid for using some other person’s money. Personal loan interest rates generally differ between institutions and are also linked to your personal profile. To provide a basic understanding, banks take money from depositors, NBFCs might raise money from the market and P2P companies gather funds from individuals. The basis for charging interest is based on the cost of this capital which is the interest or returns paid to depositors and/or investors. In the case of P2P companies, the interest might be directly decided by the lender or the platform depending on the risk in a case.

There are two methods of charging interest on loans which are flat rate and a rate on reducing balance. A flat rate means a constant percentage charge on the full loan amount every month irrespective of the payments already done. A reducing balance method involves levying interest only on the principal outstanding in a loan at the beginning of a month. Most banks and NBFCs use the reducing balance method in charging interest while short-term loans through P2P lending use the flat rate.

Cashkumar calculates a flat interest rate on loans which are fixed by us for a loan. This means that borrowers and lenders do not have to bargain which can lead to unwanted delays on loan disbursals. Rates might differ according to the risk category warranted by a borrower profile ranging from very safe to slightly risky. Interest rates can thus vary from 18% to 30% per year and charged on the principal amount. This is included in the EMI for a month and is directly transferred to the lenders.

Features of Personal Loan

Some important Personal Loan features are:

  • Amount can vary between ₹ 10,000 to ₹ 30,00,000
  • Tenure for a loan depends on the type of loan and can vary from a few days to 72 months
  • Loans are unsecured in nature, so you will not need any collateral or security to apply
  • Rate of interest can be calculated as a flat rate or reducing balance and can vary from APR 10.99% to 30%
  • One-time processing fees on the loan amount can range from 2% to 7%
  • Pre-closure is allowed by most institutions allow pre-closure after a set period with a percentage charge on outstanding principal. Some institutions allow pre-closure without a charge and even allow partial payments with or without charge
  • Loans can be taken for a variety of personal reasons and to meet life requirements
  • Documentation process is reasonable with banks and purely online with certain platforms

Benefits of Personal Loan

Some important Personal Loan benefits are:

  • Choice of loan amounts as well as repayment tenures can help you meet a variety of needs and requirements
  • Since no collateral is required, any person with a good profile can apply for a loan without limitations
  • Loans with facility for zero charges on pre-closure and part-payment help clear debts quickly as well as cheaply providing peace of mind
  • Low and easy documentation helps quicken processing times and disbursal especially with online loan providers
  • Easy loan approvals and larger eligibility base helps you get a loan quickly in times of need

Documents Required for Personal Loan

Documents are proof of the reliability and establish the complete profile of a borrower. Financial institutions require these to decide on approving a loan request. While most banks currently use an offline process and need physical documents, NBFC and P2P companies might need a completely online submission. Most documents are common to institutions and require:

  • Pan Card
  • KYC (Identity and Address proof)
  • Salary slips
  • Income Proof - Latest 3 months salary slips, Receipts, Form 16 etc (for self-employed professionals)
  • Bank Statements - 6 months bank statements
  • House ownership proof (if any)
  • Business existence proof, P&L, Balance sheet, IT statement, Audit report etc (for businesspeople)

Personal Loan Eligibility Criteria

  • Age: Atleast 21 years (for salaried) and 23 years (for self-employed/business) at the time of taking a loan and maximum 60 (for salaried) and 65 years (for self-employed/business) at the time of loan closure
  • Occupation: Salaried or self-employed/business
  • Minimum income: Rs. 15,000 in non-metro cities, Rs. 20,000 in metro cities and annual income of atleast Rs. 5 lakh for self-employed. Business people need to show annual revenues of above Rs. 50 lakhs
  • Salary credit: As account transfer for salaried employees applying with Banks/NBFCs, account transfer and cheque to online NBFCs. No cash salaries
  • Rate of Interest: Can be calculated as a flat rate or reducing balance and can vary from APR 10.99% to 30%
  • Work Experience: Total work experience of 1 year (for salaried) and 3 years business vintage (for self-employed)

Simple tips while applying for a Personal Loan Online

While personal loans look exciting, there are a few points that one should keep in mind before proceeding with a loan,

Explore multiple options – Do not go ahead with the first personal loan offer that comes your way. Use aggregation platforms to explore different options based on your eligibility and take an informed decision.

Do not focus only on the interest rate – While the interest rate is important it is good to note that the processing fee as well as the pre-closure charges are applicable on each transaction. In case you propose to pre-close your loan, choosing a bank which has no pre-closure charges would make more sense even though the interest rate might be a little higher.

Do not hide key informationas, the financial institutions will find out and that would result in a lot of mental trauma as well as financial overheads.

Do not borrow personal loan for investments as this move could backfire if the potential investment turns bad for some instance..

Calculate your repayment potential before taking a loan. Though you might be eligible for a higher loan amount but you are not sure if you could pay the existing projected EMIs, please reconsider taking a smaller amount. A default or delayed EMI payment could result in effecting your CIBIL/Credit Score, which will hamper the possibility of you getting loans in the future. You can always check on the EMIs that you would pay using our EMI calculator. You will also find a lot of information on EMIs at

Check the loan agreement thoroughly: There are multiple signatures that you would need to sign on any loan agreement. Please ensure that you read all the Terms & Conditions before signing the document. In case of any queries, check with the company officials who would be more than happy to help you.

Do not file multiple applications: The final and most important suggestion is not to approach and apply for a loan with multiple banks/NBFCs or lending platforms. If your applications are rejected, it could affect your credit rating in a major way.

Cashkumar helps you get personal loans in India from private finance through the vast network of lenders that have been aggregated on this platform. Get information on personal loans through peer to peer lending sources with us. We do not charge a registration fee for use of our services. For all your short-term loan needs and requirements and to get a good deal for a personal loan in India, apply through this site or download the app.

Cashkumar Personal Loan Reviews
Your reviews motivate us and help us make our service even better

Cashkumar Personal Loan is rated  4.2 / 5.0  by 49 users

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Kranti 4.5/5

I really like the way these people help with loans. I got a loan from kotak and cashkumar called me every day to update on whats happening. Will recommend them to everyone.

Arif Mohammed 5/5

Full marks to the cashkumar team for getting balance transfer with kotak bank. i didnt know that old loans interest rates can be reduced but they informed me and help get all loans + fresh loan at a lower rate.

Manjunath 4/5

iam very happy to got this loan from hdfc bank. it is a balance transfer loan for a very low interest rate. i also got 1 lakh which is helping me. thanks sir

Rajoshi 4.5/5

I am happy they have helped in getting loan from RBL bank for sum of Rs. 2 lakh. the cashkumar did a direct approval online and then bank people came and took documents. good simple process for me.

Samyukta 5/5

clearly the nicest team i have interacted with for customer service. i had a lot of loans which i transferred to kotak at 11.29% interest rate. one girl these is really good as she kept in touch with me even if the bank did not. thanks to the whole team

Tanya 4.5/5

iam happy with the overall service provided by cashkumar. always in touch and kept me updated on the loan status. recommend people to use it.

Srikanth 5/5

I like it when people are responsive and cashkumar is very good at this. Called quick, give information and processed loan application fast. Got a high value debt consolidation with Kotak bank. Really delighted!!

Akhil 3.5/5

can you let me know if i can get a loan with 6 months of experience as iam in urgent need of money right now. iam working with an IT company in mumbai


Hi, We cannot advice on this until we have some more details on your profile. Please call us on the number given in the website or place a request for a loan. We will be glad to help and process the request if possible.

Cashkumar Team

Christopher 4.5/5

came across this site while i was searching for a personal loan on the net. their service is good and they work with different banks. someone from their team actually calculated the savings i will have for loans with part payment versus lower interest rates so i could choose the best offer. got loan from tata capital even though it was a slightly higher rate because of part payment.

Sapna Agarwal 1/5

This guys are bullshit....They spoiled my 40+ referrals..Please stay away from this site!


We request you to check your dashboard on why your referrals have not gone through. Please check the source of your leads, as all of them have expressed no interest in availing a loan or have applied elsewhere. Thanks for being a referrer on Cashkumar!

Cashkumar Team

Samrat S 5/5

Am not generally liberal in appreciation nor do i write reviews very ofte. Cashkumar is certainly an exceptional company when it comes to customer service.I used their services for a balance transfer and the way they conducted themselves and follow-up on the disbursal and the post disbursal was commendable.

Narasimha 4/5

With so many options and phone calls that we receive it is difficult to choose. This website guys told me I will get 11.69 if I transfer my loan to icici bank. New loan was high interest rate. So i got new loan also for 11.69%.

Dhanish 2/5

Too slow. long time to get loan. they are calling everyday but no one has come to collect docs. u shud improve. otherwise people will not take a loan.

Kalpesh 4/5

There are a few sites around but i had great satisfaction working with cashkumar. even though i applied to many sites they called me immediately and gave me a good offer from HDFC bank for 12.5% interest rate. I got the money yesterday. special thanks to divya from their team for calling me daily and giving status updates.

Santosh 5/5

Right kind of service with these guys. Iam really happy and glad to have contacted cashkumar for my loan. They are transparent and really want to help customers. The guys were friendly and told me to check elsewhere if i got a better deal. Good to see honest companies like this.

Mohammed Ismail 4/5

got 1.5 lakh from icici bank for personal loan with cashkumar. all process was good and i got instant approval for the loan. they followed up with me for taking documents. i wanted 2.5 lakh but got 1.5 lakh.

venu 3/5

am ok with getting loan here. they asked for a lot documents with tata capital. i finally got 2 lakhs sanctioned by them. the team is helpful but even they cant do much during document process

Shamit 4/5

If you want a loan in Mumbai...take note guys!!! Good people these. I recommend with lots of wishes. good going Cashkumar.

Saravana 3.5/5

i took a loan from hdfc for 3 lakh. i stumbled across them when i was searching for personal loans in chennai. they called me after i placed a request and informed me about the offers from different banks. i applied to some other sites as well but found the people at cashkumar quick, informative and friendly.

Kanchan 4.5/5

I was really happy to get my loan through cashkumar. got instant approval from icici bank and the documents were picked up the very next day. they processed the loan within a week at 12.5% interest rate.

Nivedita 4/5

I am happy with cashkumar as i got a loan with tata capital for 2 lakh with part payment and pre-closure facility. the loan amount was credited into my account on saturday.

Christie 5/5

haha...what a nice surprise. havent seen a company follow up so much. they made sure everything went well. i would get a call every afternoon from divya with an update. lovely people. god bless!!

Nancy 2/5

not happy with the entire process. it took so long for loan to get through and they could not help. said it will happen soon but bank did not credit amount for a loan time

Nafisa ahmed 3.5/5

The service is nice and the people are good. but they get a loan from bank itself. it takes a lot of days to get the loan. why they are not collecting forms also.

Divyank 4/5

This is a really good site to get personal loans as i can say from my own experience. they dont just show interest rate but call and tell you the banks which will give the best offer. i also got regular updates from them on the loan status till the money was in my account. big thumbs up!!

Saraswati Jha 4.5/5

Good site to get loans online. My Personal loan was processed in a week's time and I got best offers for being an Infosys employee. Good work team!

Sujay T 4/5

It was a smooth process till the documentation and approval but the disbursal took a very long time. This could be due to multiple holidays last week. Happy with the support. Thanks.

Bhavani B 4/5

Diligent follow ups and quick process by the team, helped me get my Personal Loan with IndusInd Bank in time. Thank you Cashkumar!

Hariharan 2.5/5

Such a long time it took for loan to be credited. Dont know what the bank guys were doing. Cashkumar people daily said we will check but nothing happens. atleast they called

Rajaganesh 5/5

I checked with Cashkumar whether there are options or a chance that they work with personal loan agents in Bangalore hsbc to get a requirement fulfilled but they took my requirement and proposed different options for a loan. A very good service from the team.

Velkumar 4/5

I am searching for a loan from personal loan agents in Bangalore hdfc sir I want help will you help me. Pls let me know.


Hello Velkumar, Please call us on +91 9535800900 or mail us at

Cashkumar Team

Veeramani 5/5

I was looking for personal loans bajaj finance in Bangalore and there were many options available to me. But cashkumar personally contacted me after I placed a request and helped me through the entire process from application to document collection.

Shruthi 5/5

I got two options to take a loan which was through the online method and the way of icici bank personal loan agents in Bangalore but finally the online method through Cashkumar gave me a better rate of interest

Karthikeyan 4.5/5

I thought I was contacting Cashkumar as axis bank personal loan agents in Bangalore when I searched on google and they got me loan from that bank in a quick and easy way.

Ramesh 4.5/5

I was looking for sbi personal loan agents in Bangalore and came upon this site which provides loan from everyone. I contacted them and got a loan at a very good interest rate from hdfc bank itself. Thanks to cashkumar for arranging this.

Bupesh 5/5

Easy platform and great service. Thanks for helping me really quick. Shall recommend to my friends for certain.

Vikram 4.5/5

Thank you for your help on a loan. Needed it to clear my credit card outsandting and this sure helped me a great deal. It was also a great deal with ICICI. Thanks a lot. Cheers!

Revathi 4.5/5

A fancy marriage requires splurging a little more and you guys helped me with it. Thanks a lot for my perosnal loan which helped me with a memrable experience for the rest of my like. The HDFC folks were also very supportive and the process was very smooth.

Shyamlal 5/5

I needed couple of lakhs from my dad's knee operation and you guys helped me in quick time. The operation was successful and my dad is up and running (literally). It sure is a feel good when money can help and you gusy sure helped me get t his personal loan in quick time. Thanks a ton.

Anurag 4.5/5

I was looking at renovating my house with a modular kitchen, new flooring and a mini lawn. The overall cost was approximately 8 lakhs and I had a hunch that I would get a lon for rennovating my house. A quick seach helped me find you guys and you sure did a good job in helping me with the best offer on my perosnal loan. The interiors is on right now and I woudl remember you guys everytime someone appreciates the house. Thanks for the quick support and turn around time. Cheers!

Navin 4.5/5

With my kids admission to a school round the corner, I needed a quick loan to account for a few expenses. I managed to get that 75,000 very quick which helped me pay up for a few things. I also appreciate the prompt supoprt through the process. Thanks again.

Raghu 5/5

I was planning a travel with my family to Europe from the 15th August to the 4th of September. I had budgeted for approximately 6 lakhs but the spend was not over shooting the budget by approximately 2 lakhs. Thants when a friend told me about personal loans that can be used for travel. I guess the travel loan was a blessing in disguise as I got to do morethan what I had initially planned with my family. Thank you Cashkumar team for assisting me on this. Also, thans for the great offer on the currency exchange bit.

Kunal 4.5/5

Quick and prompt. Very happy with your service and turn around. Thanks a million. Hope you do more than personal loans going forward.

Rajeev 4.5/5

A medical emergey in the family couple of weeks back ended up in I running helter skelter to arrange for money or a personal loan. A medical loan search heled me identify a good option via you guys. Thank you for helping me in quick time. May no one need a peronal loan for medical purpose but if they do, I am sure you guys would be of great help

Kavitha 4.5/5

Stumbled upon Cashkuamar on a quick search. I had never heard about you guys and I was skeptical if I would get a personal loan quickly. I must admit that you guys sure surprised me. I was very happy with the offer and the turn around time. All the best to you guys.

Sandeep 5/5

Getting a personal was a breeze. I applied with Cashkumar and go a call back in less than 20 minutes. The team highlighted the process and also gave me some sound advice on the do's and don't's about a personal loan. Got my loan from Kotak in quick time and the process was very smooth. I sure would recommend you guys to my friends. Good job!

Manik 5/5

I guess one of the mistakes is to just look for a personal loan provider and go with the first one. In thiis case, I was well guided on which would be the best option and the way forward on the proccess. I applied for a loan and based on my eligibility I was suggested to take a loan from ICICI and I sure got a good deal. The complete exercise took about 5 days and CK team and ICICI guys were very prompt. Thanks for the help

Mythri 3/5

The good thing about cashkumar is that they keep in touch with you no matter what. Otherwise it is the same as banks have same process

Karen 2/5

They have quoted a really high interest rate which is ridiculous. Not satisfied cashkumar

Personal Loan by Cashkumar has been rated   4.2 / 5.0  by 49 users

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