Do you need a 1 lakh loan urgently? Whether you need money for education, a wedding, a vacation, medical bills, or home repairs, we can help.

We are sure, at some point in time, the thought of needing the money has definitely crossed your mind. But did you know that having such kind of money is now easy? At Piramal Finance, we offer a personal loan of Rs. 1 lakh to eligible applicants. Our interest rates are low, and we provide flexible repayment options.

How to get a 1 lakh Personal Loan from Piramal Finance?

You can easily apply for a 1 lakh loan at Piramal Finance. Simply follow these steps:

  • Step 1:
    Click on Apply Now and start your Personal Loan for 1 lakh Page application
  • Step 2:
    Enter your mobile number linked to your bank account.
  • Step 3:
    Enter the OTP received on your mobile number.
  • Step 4:
    Enter the required document and verify the same
  • Step 5:
    Bank account verification
  • Step 6:
    Income Verification
  • Step 7:
    Check the Loan Final Offer, Accept, and continue the final process.

The loan of 1 lakh will be deposited into your verified bank account after 24 hours. This will happen once the final process is completed.

Key Features of the Personal Loan

Competitive Interest Rates

The rate of interest plays an important role in deciding your personal loan EMI. Therefore, we offer competitive interest rates that help applicants get an affordable EMI amount for the entire loan tenure. Now get your 1 lakh loan instantly with an interest rate that starts at 12.99% p.a.

Collateral-Free Loan

At Piramal Finance, we do not ask for collateral during the personal loan application process. We only ask for details and proof of your address, ID, and income. This helps simplify the process and saves you from the trouble of mortgaging precious assets.

Paperless Loan Application

The documentation process for a Rs. 1 lakh loan is completely paperless and 100% digital. Now, you can easily fund your needs from home without having to go to the branch for any paperwork. We ensure we keep the process simple so that you have a hassle-free journey while applying for a personal loan.

Flexible Repayment Option

At Piramal Finance, we offer you repayment options as per your preference. The shorter the tenure, the bigger the EMI, and vice versa. You can opt for a tenure as short as 1 year or as long as 5 years.

Instant Disbursal

You can now get your one lakh loan amount disbursed instantly. Once you complete the application form and submit all your documents, we will start verifying immediately.
We take a few minutes to complete the verification, and if all goes well, we approve the loan immediately and will disburse the loan amount to your verified bank account within 24 hours.

EMI Calculation

The below table represents the monthly instalment for a loan of 1 lakh at 12.99% interest for 5 years / 60 months. Your EMI calculation will look like this:

YearPrincipal AmountInterest PayableTotal AmountAvg. Monthly EMIOutstanding Balance
₹ 16,997
₹ 10,308
₹ 27,304
₹ 2275
₹ 83,003
₹ 16,915
₹ 10,388
₹ 27,304
₹ 2275
₹ 66,088
₹ 19,250
₹ 8,053
₹ 27,304
₹ 2275
₹ 46,838
₹ 21,907
₹ 5,396
₹ 27,304
₹ 2275
₹ 24,931
₹ 24,931
₹ 2,372
₹ 27,304
₹ 2275
₹ 0

Factors Responsible for ₹1,00,000 Personal Loan Interest Rate

Get a personal loan of Rs. 1 lakh from Piramal Finance at attractive interest rates that start at 12.99% p.a. We offer you interest rates based on factors such as your age, employment status, credit score, etc. Let’s learn each factor in detail:


To get a loan of Rs. 1 lakh, you must be aged between 21 and 58. While an older adult between 50 years to 58 years of age may have to pay a higher rate of interest due to the risk of defaulting on a personal loan, a younger adult may be considered more creditworthy to repay the loan on time, and thus, they could be offered a lower rate of interest.

Employment Status:

To be eligible for a Rs. 1 lakh personal loan, you must have a steady job and income. This will also help you get a lower rate of interest on your loan. Applicants from the private sector, government agencies, or PSUs get lower loan interest rates for this reason. Their salaries are always credited on time, putting them at a lesser risk of defaulting on their loan repayment.

Credit Score:

Your credit score is another important factor that decides your interest rate. The higher your credit score, the more creditworthy you are considered and the lesser you are at defaulting on your loan repayment. This could result in a lower interest rate if you have a credit score of 750 or above.

However, at Piramal Finance, we offer loans with competitive interest rates even to those applicants with low credit scores.

Documents Required for Availing of a Personal Loan of Rs. 1 Lakh

Need a 1 lakh loan urgently? Here are some digital documents you must upload for immediate approval and disbursement as part of the loan process.

Document TypeFor Self-Employed IndividualsFor Salaried Individuals
ID Proof
Aadhaar card, driving license, passport, pan card, voter id
Aadhaar card, driving license, passport, pan card, voter id
Residence Address Proof
Aadhar card, voter id, utility bills, driving license
Aadhar card, voter id, utility bills, driving license
Office Address Proof
GST registration certificate
Not applicable
Income Proof
P/L account and balance sheet for the previous three years, ITRs for the last three years, bank account statement of business account
Bank account statement of salary account, salary slip of the last three months, form 16

Fees and Charges for Personal Loan of ₹1 Lakh

Get a personal loan of Rs. 1 lakh at attractive interest rates and no hidden costs. Here is a table that represents our fees and charges.

Features & FeesDetails
Personal Loan Interest Rates12.99%* p.a. onwards
Loan Amount ₹ 25,000 to ₹ 5,00,000
Processing FeesUp to 5% plus applicable taxes
Loan Tenure3 - 60 months tenure
Prepayment Charges ₹ 0
Foreclosure Charges₹ 0
Stamp DutyAt actuals (as per state)
Cheque Bounce Charges₹ 500 plus applicable taxes
EMI Bounce Charges₹ 500 plus applicable taxes
EMI Pickup/Collection Charges₹ 250 per visit plus applicable taxes
Cash Collection Charges1% of collection amount of Rs. 50000 and above in cash + taxes
Change of Loan Repayment Mode₹ 500 plus applicable taxes
Loan Cancellation after DisbursementInterest accrued & due plus applicable taxes
Loan Repayment Schedule (applicable for physical copies only)₹ 500 plus applicable taxes
Change of Loan Repayment Mode₹ 1000 plus applicable taxes

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What is the processing time for an Rs. 1 lakh personal loan?
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Can I get a personal loan of Rs. 1 lakh without any collateral?
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What credit score do I need for an instant Rs. 1 lakh loan?
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Can I avail Rs. 1 lakh loan without documents?
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Why choose Piramal Finance for an Rs. 1 lakh loan?
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Can I get a 1 lakh Loan on Aadhar card and PAN card?
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