At ZestLoans.in, we help you connect with trusted lenders who provide personal loans that suit your financial needs. Whether you want to consolidate debt, cover wedding expenses, fund higher education, or manage unexpected medical costs — a personal loan can give you the financial flexibility you need, fast.
What is a Personal Loan?
A personal loan is an unsecured loan that doesn’t require any collateral or security. It allows you to borrow a fixed amount and repay it through easy monthly installments (EMIs) over a set tenure. The interest rate depends on your credit score, income, loan amount, and repayment history.
ZestLoans.in simplifies the entire process by connecting you to multiple verified lenders so you can compare offers, choose the best rates, and apply online in just a few clicks.
Why Choose ZestLoans.in for Personal Loans?
- Compare Multiple Offers: We partner with leading banks and NBFCs, allowing you to explore multiple loan options in one place.
- Instant Online Application: No long queues or paperwork. Fill out a simple online form and get matched with suitable lenders.
- Quick Approvals & Fast Disbursals: Depending on eligibility, you can receive loan approval within hours and funds directly into your bank account within 24–48 hours.
- Transparent Process: We ensure clarity at every step — no hidden charges or confusing terms.
- All Credit Profiles Welcome: Even if you have a low credit score, we can help connect you with lenders who offer flexible options.
Eligibility Criteria
To apply for a personal loan through ZestLoans.in, you generally need to:
- Be an Indian citizen aged 21 to 60 years
- Have a stable income (salaried or self-employed)
- Maintain a valid bank account and ID proof
- Meet the lender’s minimum credit score and income requirements
(Note: Specific eligibility criteria may vary depending on the lender.)
Documents Required
- PAN Card and Aadhaar Card
- Proof of Income (Salary Slip, ITR, or Bank Statement)
- Proof of Address
- Passport-size Photograph
Our partner lenders verify your documents online, ensuring a 100% paperless process for faster approvals.
How It Works
- Submit Your Loan Request: Fill out the quick form on ZestLoans.in with your details.
- Get Personalized Offers: Instantly view and compare loan offers from multiple lenders.
- Choose & Apply: Select the offer that fits your needs and complete your application online.
- Receive Funds: Once approved, the amount is credited directly to your bank account.
📘 Frequently Asked Questions (FAQs)
1. What is a personal loan?
A personal loan is an unsecured loan that helps you meet your financial needs, such as home renovation, wedding expenses, education, or medical emergencies. You don’t need to provide any collateral or security.
2. Who can apply for a personal loan?
Salaried employees, self-employed individuals, and business owners who meet the lender’s income and credit criteria can apply for a personal loan.
3. What is the minimum and maximum loan amount I can get?
The loan amount typically ranges from ₹10,000 to ₹25 lakh, depending on your income, credit score, and lender’s policy.
4. What is the tenure for a personal loan?
Personal loan tenures usually range from 12 months to 60 months (1 to 5 years).
5. What documents are required for a personal loan?
Common documents include:
- Proof of identity (Aadhaar, PAN, Passport, etc.)
- Proof of address
- Income proof (salary slips, bank statements, or ITR)
- Recent passport-size photographs
6. How is the interest rate determined?
Interest rates depend on your credit score, income, loan amount, and the lender’s terms. Having a good credit score (750 or above) helps you get lower rates.
7. Can I apply for a personal loan online?
Yes, you can easily apply online through zestloans.in by comparing multiple loan offers and completing a simple digital application process.
8. How long does it take to get loan approval?
Many lenders approve personal loans within 24–48 hours if your documents and eligibility are in order.
9. Are there any prepayment or foreclosure charges?
Some lenders allow you to repay the loan early with a small prepayment or foreclosure fee. Check your loan agreement for details.
10. Will applying for a personal loan affect my credit score?
A single loan application may have a minor impact, but regular EMI payments improve your credit score over time.
11. What happens if I miss an EMI payment?
Missing EMIs can attract late payment fees and negatively affect your credit score. Always try to pay on time.
12. Can I get a personal loan without a salary slip?
If you’re self-employed, you can submit income tax returns or bank statements as proof of income instead of salary slips.
13. What is the processing fee for a personal loan?
Processing fees typically range between 1% to 3% of the loan amount, depending on the lender.
