Instant Personal Loan Online

Eligibility Criteria for Instant Personal Loan

Piramal Finance offers one of the most convenient and straightforward eligibility criteria for instant personal loan applications. To ensure a hassle-free loan approval process, it’s important to know the key requirements.

• Age:
• To apply for a personal loan, applicant must be between 25 and 58 years of age

• Employment :
• Salaried (Private/Govt), Self-employed individuals

• Income Criteria:
• Salaried: Minimum monthly salary required ₹25,000/month for Instant Personal Loan

• For Self-Employed Individuals:
• ₹3 Lakh annual income

• Credit Score:
• We at Piramal Finance offer Instant personal loan to the applicants with credit score of 750 and more.

How to Apply for an Instant Personal Loan Online & Offline?

We have made the process effortless and fully online.

Here is a step-by-step guide to obtaining an immediate loan online.

• Registration
• - Apply now and get started with your instant personal loan.
• - Input your mobile number and confirm it using the OTP dispatched to your device.

• Add Basic Details
• - Enter your PAN details and declare your monthly income to proceed.

• Add KYC Details
• - Submit your KYC information, including your complete name and address.
• - Confirm your address and upload a quick selfie for verification.

• Share Bank Account Details
• - Provide your bank account number and the IFSC code of your bank for disbursal

• Give Employment Details
• - Share your company name and work email address for employment verification.

• Upload Bank Statement 
• - Upload your bank statement from the last three months for income verification.

• Setup E-mandate & E-Signature
• - Set up EMI auto-repayment for hassle-free loan payments.
• - Review your loan offer and confirm it with an E-signature.

Want to Visit a Branch?

To apply in person, go to the nearest Piramal Finance branch. There, you can register, submit your documents, and get help for quick approval.

No matter which method you pick, Piramal Finance makes applying for a personal loan easy and fast. They assist in obtaining loan for you swiftly.

Tips to Get Fast Instant Loan Approval

Getting quick approval for a personal loan is easier if you know what to do. Here are some valuable tips that can help you to speed up your loan approval process.

• Maintain a Good Credit Score
• A credit score of 750 or above will increase the chances of immediate approvals. Keep regular track of your credit score and solve the discrepancies if any.

• Ensure Stable Income
• If you have a consistent income, your chances of getting instant loan approval become high. Manage your income sources properly and make sure you have a stable income source

• Avoid Multiple Loan Applications
• Submitting loan applications to multiple lenders can negatively impact your credit score. Keep the focus on one application at a time, which will improve your chances of approval.

• Clear Existing Loan
• If you have an existing loan while doing a loan application then try to pay off the debts.

• Apply for the Right Loan Amount
• Avoid applying for a loan amount that may exceed your eligibility. Always use an online Personal Loan eligibility calculator. It helps you find the right loan amount based on your income and ability to repay.

Why Choose Piramal Finance for an Instant Personal Loan?

Piramal Finance is a trusted NBFC offering quick, unsecured personal loans tailored for the people of Bharat. Backed by a strong digital platform and a growing branch network, we ensure fast approvals, minimal paperwork, and zero collateral - all with a personal touch. Choose Piramal Finance - a trusted NBFC powered by technology, driven by people.