Most personal loan applications get approved within 24-48 hours if all documents are in order. Some lenders offer instant approval for pre-approved customers.

Personal loan tenures typically range from 12 months to 60 months (1 to 5 years). Some lenders may offer flexible tenure options.

Interest rates typically range from 10.5% to 24% per annum, depending on your credit score, income, and lender policies.

Yes, most banks allow prepayment or foreclosure. However, some lenders charge a prepayment penalty (0% to 5%) if done within the first year.

You can generally get a loan up to 15-20 times your monthly salary. Example: If your salary is ₹50,000, you may get a loan of ₹7.5 lakh to ₹10 lakh.

Yes, you can do a personal loan balance transfer to a different bank with a lower interest rate. This helps reduce your EMI burden.

Yes, but with some conditions:
✅ You may get a loan at a higher interest rate
✅ Some NBFCs offer loans for a CIBIL score of 600+
✅ If your score is below 600, consider secured loans or improving your credit before applying.

The minimum salary requirement depends on the lender:

Banks: ₹20,000 – ₹25,000 per month
NBFCs: ₹15,000 per month (for select profiles)
Metro Cities: Higher salary requirements apply

Some lenders offer loans without salary slips or ITR, but they might ask for:

Bank statements (showing regular income)
Collateral or guarantor
Higher interest rates may apply

Yes, but your eligibility depends on your Debt-to-Income (DTI) ratio. Ideally, total EMIs should not exceed 40-50% of your income.