Blog

Who Can Help You Get an Easy Personal Loan in India?

Submitted by admin on February 13th, 2025

India now makes it simple to acquire personal loans due to the combined efforts of banks together with both NBFCs (Non-Banking Financial Companies) and digital lending platforms. The following list presents the best options available for obtaining quick cash when you need it for any personal or medical emergency travel expenses or unexpected situations.

Banks Offering Easy Personal Loans

Many banks in India offer personal loans with minimal documentation and quick approval. The lending services that offer the simplest personal loans come from these institutions:

SBI (State Bank of India)

• Low interest rates
• Loan up to ₹20 lakh
• Tenure up to 6 years
• Easy application process for salaried and pensioners

HDFC Bank

• Instant approval for pre-approved customers
• Loan up to ₹40 lakh
• Minimum salary requirement of ₹25,000 per month
• No collateral required

ICICI Bank

• Online and branch-based application
• Loan up to ₹50 lakh
• Quick disbursal within 24-48 hours
• Flexible repayment options

Axis Bank

• Loans up to ₹40 lakh
• Special schemes for salaried professionals
• Simple online process

If you have a good credit score (700+), loan terms become easier and rates become lower.

NBFCs for Quick Personal Loans

Customers benefit from short application timelines and more lenient qualification requirements that NBFCs establish against traditional bank standards. The lending solution stands as an excellent pick for consumers who maintain poor credit ratings and encounter unstable pay patterns. Some popular NBFCs are:

Bajaj Finserv

• Instant approval and disbursal in 24 hours
• Loan amount up to ₹25 lakh
• No collateral required

Tata Capital

• Flexible EMI options
• Loan up to ₹35 lakh
• Minimal paperwork

Mahindra Finance

• Loans for both salaried and self-employed
• Competitive interest rates

Fullerton India

• Quick loans up to ₹25 lakh
• Special schemes for women and professionals

NBFC options present a strong possibility for obtaining funds when you fail to meet bank loan requirements because of a low credit profile.

Online Loan Apps & Digital Lenders

Fintech apps combined with digital lenders allow you to obtain immediate personal loans without requiring a bank visit. Some top platforms include:

PaySense

• Loan up to ₹5 lakh
• Fast approval even for low credit scores

DailyFinserv

• Credit line-based loans (pay interest only on what you use)
• Instant approval and flexible repayment

KreditBee

• Small-ticket loans for students and professionals
• No complex paperwork

CASHe

• Instant loans for young professionals
• AI-based approval system

People who need quick money access can choose these digital lenders to get money within short periods.

Peer-to-Peer (P2P) Lending

The P2P lending market enables non-traditional borrowers to discover investors who want to offer loans. Some popular P2P lending options are:

• Faircent
• LenDenClub
• i2iFunding

Users can obtain funds through these platforms with simplified qualification standards and convenient access to money.

Conclusion

All loan applicants who fulfill basic qualification standards can acquire personal loans easily through bank institutions or NBFCs and digital lenders operating in India. Check interest rates together with processing fees as well as repayment options before making a personal loan application. The professional team at DAILY FINSERV will direct you toward the right personal loan with minimum interest charges.

Need help in getting a personal loan? Contact DAILY FINSERV today!