- Home
- Personal Loan
- Small personal loan
Get a Small Personal
Loan Online
Instantcash
100% digitalprocess
EasyEMIs
Instant100% digitalEasy
A small personal loan is a quick and easy way to get funds instantly. Whether it’s for a medical emergency, travel or any unforeseen expenses, this type of loan helps cover all the expenses without giving out any security or collateral.
With minimal paperwork and fast approvals, you can apply for a small loan online and get the money directly in your bank account within minutes. The loan amount you can get is up to ₹5 lakhs with flexible repayment options that fit your budget.
Applying for a small personal loan online is super simple! You just need to follow the process that can be completed in a few steps:
Eligibility for Emergency Loan:
Must be an Indian citizen
Age: 19 to 55 years
Minimum income: ₹20,000 per month
Documents Required:
A selfie: Your photograph in good lighting
PAN Card: Important document for identity verification
Aadhaar Card: Ensures the legality of your application
Salary Slips (last 3 months) or Bank Statements \ (last 6 months): Shows your financial stability
Here’s a breakdown of the charges involved in a small personal loan:
| Fee type & Charges | |
|---|---|
| Loan amount | Up to ₹5 lakhs |
| Rate of Interest | Starting from 18% per annum on reducing balance basis |
| Processing Fee | Starting from 2% of the loan amount plus GST |
| Tenure | 6 - 36 months |
| APR | Starting from 18% |
| Bounce Charges | ₹500 |
| Stamp Duty | 0.1% of the loan amount |
| Mandate Rejection Chrages | ₹250 plus GST |
| Pre-Closure Charges | Nil |
| Late Payment Charges | ₹ 500 or 3% of overdue whichever is higher plus applicable taxes |
| Penal charges | Up to 30% per annum on overdue amount |
A small personal loan online is a short-term credit facility designed for urgent financial needs, usually ranging from a few thousand to a few lakhs, with easy online application and quick disbursal.
Yes, you can use a small loan online to book flight tickets, pay for hotel stays or cover any travel-related expenses.
No, these loans are unsecure, meaning you don’t need to provide any collateral or guarantor when you apply for a small loan online.
Yes, but your approval depends on factors like your credit score and repayment ability. Having multiple loans may affect your eligibility for future credit.
Yes, lenders assess your employment status and income before approving a small personal loan, ensuring you have the capacity to repay the amount borrowed.
Getting a loan used to mean long forms, long queues and waiting for weeks. That’s not the case anymore. Now, you can apply, get approved and receive money in minutes – all through your phone. But here’s the big question: which one is better between an app-based loan vs traditional loan? Now, both these options …
Continue reading “App-Based Loan vs Traditional Loan: Which One Works Better for You?”
If you already have a personal loan and want to cut your EMIs or borrow more, you have 2 smart choices – a balance transfer or a top-up loan. Both help you manage your loan better but serve different goals. A balance transfer moves your loan to another lender with a lower rate. A top-up …
Continue reading “How to Borrow Smart With Balance Transfer and Top-Up Loans?”
A wedding is one of the happiest milestones in life. And like every big goal, it needs some financial planning. If you’re a salaried professional, starting early can really help. Setting a budget, saving a little each month or exploring loan options keeps you ready when the big day arrives. If you’re wondering how salaried …
Continue reading “Smart Ways to Finance a Wedding as a Salaried Professional”
Subham Pawar
Shilpi Mukherjee
Download the Fibe App the cool new vibe to finance to avail of the loan in just a few clicks from anywhere
