Personal Loan

Apply Online For Low-Interest Rate and Low EMI Personal Loans In Lucknow


Personal loans are unsecured loans, meaning that you can request one without putting up any collateral. The purpose of loan money is also not restricted by the lender. It can be used for a family trip, a medical emergency, or a business need. Debt repayment is another possible use, especially since personal loans in Lucknow have lower interest rates than credit cards.

There are many banks in Lucknow, the state capital of Uttar Pradesh, that give personal loans at reasonable rates and fees. Loan amounts of up to Rs 30 lacs can be availed, with interest rates starting at 9.60%. An easy way to apply for a personal loan in Lucknow is through a lender that needs little paperwork, has low processing fees, and offers money quickly.

Documents Needed to Apply for a Personal Loan

To get a personal loan in Lucknow, you need to submit these documents:

  1. Completed loan application form.
  2. Passport-size photo attached to the form.
  3. ID Proof: PAN card, voter ID, driver’s license, Aadhaar card, or passport.
  4. Address Proof: Aadhar card, copy of ration card, voter ID, driver’s licence, passport, electricity bill, or gas connection bills.
  5. Age verification: Aadhar card, birth certificate, SSC certificate, voter ID, PAN card, ITR, or Form 16 for the last three years.
  6. Three most recent payslips
  7. Bank account statement for the last six months

How Can I Get a Personal Loan in Lucknow with the Lowest Interest Rate?

When looking for a personal loan in Lucknow, take care of the following factors:

  • Well-filled Loan Application A well-written loan application is your best option for getting a good rate of interest from the lender. Even if it is simple to apply for a personal loan in Lucknow, you must realise that the lender has the final say in your loan sanction. This is why you need to ensure that your loan application is thorough.
  • Good Credit Score When applying for a personal loan, your chances can improve if you have a high credit score. Lenders are more likely to give loans to people with credit scores of 750 or higher because it means that you are less likely to go into default. Your credit score also affects the interest rate. If your credit score is high, you will be offered a lower interest rate.
  • Manageable Loan Amount When asking for a personal loan, it is also vital to take stock of your fiscal situation. Make sure that you are not borrowing too much or too little money. Taking more money than you need means you will have to pay the lender more interest. If you borrow less than what you need, you may find yourself short on money and will need another loan to cover your expenses. So, borrow exactly how much you need.

You should look for the best interest rate for a personal loan in Lucknow, find the lender that offers it, and then apply for a loan amount that meets your needs.

Why Should You Consider a Personal Loan in Lucknow?

Some key benefits of personal loans over other types of loans are

  1. No Securities: Personal loans do not demand any assets like property or gold as security. The applicants’ monthly or yearly income serves as collateral for the loan.
  2. Interest Rates: The interest rate on these loans is competitive. Some NBFCs or banks offer the lowest personal loan rates in the market.
  3. Tenure: The tenure for a personal loan in Lucknow can be as long as five years. 
  4. Quick Processing: After the paperwork has been verified, the loan amount is processed immediately.
  5. EMIs: Lenders consider your financial situation in their loan calculations. The loan amount is fixed by your ability to pay the money on time.
  6. Less Documentation: To apply online for a personal loan in Lucknow, you need a few primary documents.
  7. Credit Score: Personal loans help with raising your credit score.

Our team at Piramal Finance handles your credit needs and locates a solid personal loan offer. We consider all the offers and choose the one that is best for you. Piramal Finance has online services that you can use to get a personal loan in Lucknow instead of going to a bank.

Eligibility Criteria for a Personal Loan in Lucknow

An applicant for a personal loan must fulfil the following criteria to be sanctioned:

  1. Anyone applying for a personal loan must be between the ages of 20 and 65 years.
  2. People who own a business, are independent contractors, or are salaried or self-employed can apply. (If you do not fit this criterion, your bank manager is the best person to advise you.)
  3. Salaries people must have a minimum monthly income of Rs.15,000. This number can vary depending on factors including location and employer.
  4. You should have been residing at the same location (city or address) for two years.
  5. Work experience of at least two years is preferred.
  6. A regular and stable professional history is a must.


The availability of personal loans in Lucknow is at a high right now, and it is only going to rise. Applying for personal loans is very easy. Once the loan is authorised, the money is sent to you within hours. Also, the repayment terms for these loans are flexible.

Piramal Finance ensures that all those people can take out a personal loan in Lucknow in no time and with no hassle. If you need a bit of advice on where to apply for a loan and how to do so, you should get in touch with Piramal Finance. Here, you will also find other such articles and many financial services and products to interest you.