Personal Loan
An unsecured loan for personal needs, based on income and credit record.
Mostly for salaried staff. Self-employed? Business Loan usually fits better.
Documents to keep ready
Nayaasa is a loan advisor, not a lender. This is what lenders typically ask for, and yours may differ. Approval is the lender's decision.
Applying jointly? Each person gives their own documents. Choose each type in turn.
What to expect
Typically; each lender sets its own.
Age and income
21 to 60, with net monthly income from ₹20,000 to ₹25,000 depending on the employer.
Time in the job
6 to 12 months of service at some lenders; 2 years in total and 1 in the current job at others.
How much
EMI up to 65% of income, and a loan up to 30 times monthly income.
Term
6 to 84 months.
Figures last checked November 2026.
Who it suits
- Government, defence and corporate staff
- Doctors, LIC agents and pensioners, at lenders with rules for them
- People with a steady income and a clean credit record
How it works
Tell us what you need
The amount and where you work.
We look at your profile
Your income, running loans and credit record.
Gather the documents
We give you the list and check each file before it goes to a lender.
The lender assesses
A credit check and a look at your income and job.
Sanction
If the lender agrees, it confirms the amount and terms.
Disbursement
The lender pays the money into your bank account.
Common questions
Can I close the loan early?
Check first. The no-charge rule is for floating-rate loans, and some lenders charge for closing a personal loan early.
Can NRIs apply?
Most lenders' personal loans are for residents in India. Ask us about your case.
I am self-employed. Is this for me?
Business Loan usually fits better. Lenders' personal loan rules are written for salaried staff.
Does Nayaasa approve the loan?
No. Nayaasa is a loan advisor, not a lender. The final decision and the terms are the lender's.
Other loans we arrange
Let's Build Your Brighter Tomorrow
Get in touch with our advisors for guidance on the loan that fits your plans.