0%
Get streamlined, collateral-free funds credited directly to your bank account. Compare pre-approved personal loan offers across 70+ empaneled banks and NBFCs with zero bureau score damage.
Get personalized, pre-approved loan offers in 2 minutes
A multi-purpose, collateral-free credit facility designed to meet both planned goals and unexpected life emergencies with immediate liquidity.
In India's retail lending landscape, a Personal Loan is the fastest instrument for generating liquidity without touching your assets. You keep your property, FDs, and gold intact — the lender evaluates your earning power and repayment discipline instead.
At Sanction, we approach Personal Loan structuring differently from aggregator platforms. Rather than flooding your application to 10+ banks and damaging your CIBIL score, our credit analysts first map your income profile, employer category, and FOIR capacity to identify exactly which banks' credit policies give you the highest loan amount at the lowest rate. We then submit a single, clean, pre-verified file — and our first-pass approval track record reflects this precision. Whether the need is a medical emergency, home renovation, wedding expenses, or debt consolidation from 36–42% credit card APR into a manageable 8.75% monthly reducing EMI — we structure the right facility for your exact situation across 70+ leading banks and NBFCs.
Choose the tailored personal finance option matching your specific life milestone or urgent requirement.
Experience seamless, transparent personal loan processing backed by India's top lending network.
Compare latest benchmark rates, maximum loan limits, and processing fee terms across top Indian lenders.
| Lending Bank / NBFC | Interest Rate (% p.a.) | Max Loan Amount | Processing Fee | Action |
|---|---|---|---|---|
|
SMFG
|
10.50% – 14.00% | Up to ₹50 Lakhs | 0.50% to 1.00% | Check Offer → |
|
State Bank of India
Zero hidden processing spread for tier-1 corporate employees
|
7.00% – 14.50% | Up to ₹50 Lakhs | 0.50% to 1.00% | Check Offer → |
|
HDFC Bank
Pre-approved digital sanctions disbursed in under 4 hours
|
10.50% – 16.00% | Up to ₹40 Lakhs | Up to 2.50% (Min ₹1,999) | Check Offer → |
|
ICICI Bank
Relationship discounts available on salary accounts
|
10.65% – 16.00% | Up to ₹50 Lakhs | Up to 2.25% | Check Offer → |
|
Axis Bank
Minimal documentation with paperless e-KYC
|
10.49% – 15.75% | Up to ₹40 Lakhs | 1.00% to 2.00% | Check Offer → |
|
Kotak Mahindra Bank
Flexible tenure options with quick doorstep verification
|
10.99% – 17.50% | Up to ₹40 Lakhs | Up to 2.50% | Check Offer → |
|
Bajaj Finserv
Flexi Hybrid Term Loan option with interest-only EMI periods
|
11.00% – 18.00% | Up to ₹40 Lakhs | Up to 3.00% | Check Offer → |
Adjust the loan amount, interest rate, and tenure below to calculate your exact monthly EMI in real time.
Simple, clear qualification benchmarks for salaried professionals and self-employed individuals.
From online eligibility check to direct bank disbursal in your savings account.
No hidden deductions. Here is the clear fee schedule across our empaneled lending partners.
| Fee Category | Applicable Charges | Details & Notes |
|---|---|---|
| Interest Rate | 8.75% to 35.00% p.a. | Based on credit score, employer category, income, and lender policy. |
| Processing Fees | 0.50% to 2.50% of loan amount | Deducted upfront by the lending bank during loan disbursement. |
| Prepayment / Foreclosure | 0% (Floating) or 2% to 4% (Fixed) | RBI mandates 0% foreclosure charges for individual floating-rate borrowers. |
| Stamp Duty & Legal | At actuals as per State Stamp Act | Direct government statutory charges for loan agreement execution. |
| EMI Bounce / Penal Charges | ₹450 to ₹750 per bounce | Levied by the bank only in case of missed monthly ECS/NACH mandates. |
Direct institutional tie-ups and credit desk liaison across India's leading banks and NBFCs.
Common questions about loan sanctions, credit score requirements, and approval timelines.
A CIBIL score of 700 or above is ideal to secure the lowest interest rates (starting at 8.75% p.a.). However, we also have specialized lending partners who cater to applicants with credit scores between 650 and 700.
For pre-approved salaried applicants with digital KYC verification, funds are typically disbursed within 24 to 48 hours directly into your registered bank account.
Yes. Most partner banks allow part-payment or full foreclosure after 6 to 12 EMI cycles. Floating-rate personal loans have zero prepayment penalty under RBI guidelines.
