Personal Loan from ₹ 50,000 to ₹ 5 Lakh for 62 days to 15 months at 0 – 7.5% p.a.
LoanPe is an instant personal loan app trusted by 24+ lakh Indians. Avail personal loans starting from ₹ 50,000 to ₹ 5 Lakhs, as per your approved credit. On approval, get a direct bank transfer within minutes.
Get approved for personal, salary loans & EMIs with minimal documentation & small transaction fees.
Loan amount: From ₹50,000 to ₹500,000
Interest rates: From 0% to 29.95% per annum
Tenure: 62 days to 15 months
Why use LoanPe to avail personal loans?
✔ Instant loan approval: Instant personal loans are approved within 15 minutes from registration to direct bank transfer.
✔ Shopping EMIs: Avail online purchase EMI loans for categories like fashion, electronics, travel, furniture & more.
✔ Transparency: Loans from RBI certified NBFCs/Banks are made available to our customers. The NBFCs/Banks we work with are:
IIFL Finance Ltd.
Incred Financial Services Ltd.
Fullerton India Credit Company Ltd.
Vivriti Capital Pvt. Ltd.
Northern Arc Capital Ltd.
Western Capital Advisors Pvt Ltd.
Cholamandalam Investment and Finance Company Ltd.
PayU Finance India Pvt. Ltd.
Poonawalla Fincorp Ltd.
✔ Flexible Interest rate: Varied interests starting from 0% to 29.95% per annum.
Types of loans :
? Flexi Personal Loan – Avail small loans ranging from ₹50,000 to ₹100,000 with short repayment tenures (62 days to 6 months). One requires a PAN Card and address proof to benefit from a flexible loan option.
? Personal Loan for Salaried – Avail salary loan options starting from ₹50,000 to ₹5 Lakhs with tenure ranging from 3 to 15 months. All you need is PAN Card, address proof and salary proof to apply for salaried loans.
? Online Purchase Loan – LoanPe Loans come with a Buy Now, Pay Later EMI option. In such loans one avails E-vouchers from LoanPe App which can be used to purchase on partner platforms like Flipkart, Amazon, Myntra, Nykaa, Make my trip & more.
Personal Loan for Salaried (Example)
Loan amount: ₹ 50,000
Tenure: 12 months
Interest Rate: 20% per annum
Processing Fee: ₹ 1,250 (2.5%)
New customer onboarding Fee: ₹ 200
GST on Processing and Onboarding Fees: ₹ 261
Total Interest: ₹ 5,581
EMI: ₹ 4,632
APR: 23.2%
Loan amount is ₹ 50,000. Disbursed amount is ₹ 48,289.
Total loan repayment amount is ₹ 55,581.
Flexi Personal Loan (Example)
Loan amount: ₹10,000
Tenure: 3 months
Interest Rate: 27% per annum
Processing Fee: ₹ 500 (5%)
GST on Processing Fees: ₹ 90
Total Interest: ₹ 453
EMI: ₹ 3,484
APR: 47%
Loan amount is ₹ 10,000. Disbursed amount is ₹ 9,410.
Total loan repayment amount is ₹ 10,453.
Eligibility
1. Applicant should be an Indian resident
2. Above the age of 21 years
3. Should have monthly source of income
How to get started :
1. Install "LoanPe -Instant Personal Loans" app
2. Create your account
3. Fill your basic details to check first level eligibility
4. Upload KYC documents – ID, Address Proof & PAN card
5. Avail Loan as bank transfer or E-voucher as per your request.
Fees & Charges :
Interest rates range from 0%-29.95% with equivalent annual interest rate of 0%-7.5% only.
A small processing fee is charged for loans:
0 – 3% charged for low risk customers
2.5% – 7% charged for high risk customers*
The APR for different personal loan products:
low risk customers is 0%-36%
medium risk customers is 18%-39%
high risk customers is 24%-42%
Very high-risk customers are 24%-70%
*The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers. Penalty is charged only when someone delays their scheduled payment.
Queries?
Mail: [email protected]
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