Personal Loan

Instant Personal Loan Online In India Upto 5 Lakh


A personal loan is a convenient financing option. Many lenders are willing to offer instant personal loans online. These loans do not carry any restriction on the use of the funds. Thus, they are very attractive for all those times when you need instant funds to meet your standing financial needs. A lender will check your eligibility to grant an instant personal loan. Accordingly, you can get loans for varying amounts. The multiple features of an instant personal loan make them very feasible for your financial needs.

Features And Benefits Of Instant Personal Loans 

There are many benefits of getting an instant personal loan online. Take a look at some of them here.

Easy Sanction

Most lenders provide hassle-free sanction of an instant personal loan. With this money, you can meet all your financial needs. There is no restriction on how you would like to spend the money. 

Instant Approval

Lenders will assess you based on a few simple steps. Also, you will need to submit a few basic documents. This will help you get approved for a loan in a few simple steps. It takes only a few minutes to get approval for the loan. 

Collateral-Free Funds 

You will not need to pledge any securities or assets. Your funds will be disbursed in no time. 

Online Availability Of Facilities 

You will get access to an online loan account. Here, you can check your statements and manage all payments. Thus, you can use one account to manage all actions. These online facilities bring all information to your fingertips.  

Easy Repayment Period 

Most lenders let you choose the time frame within which you would repay the debt. It can be anywhere between 6 months to 84 months. So, you can match your capabilities and select a repayment period that does not put a financial strain on you. 

Personalised Loan Deals 

You can easily get a pre-approved loan from Piramal Finance. The quick processing and disbursal of loans are just one benefit. You can also avail of exciting deals that will make your loan more fruitful.

At Piramal Finance, you can get the best loan options. So, it is easy to get a loan for INR 5 Lakh and meet your financial needs with it. 

How Much EMI Will I Pay?

Your EMI on an instant personal loan online depends on the repayment period and rate of interest. So, for example, if you had to repay a loan of INR 5 Lakh, and the applicable rate of interest is 13%, then you could end up paying the following EMI. 

 2 years23,771 
  3 years16,846
5 years11,378

Eligibility Criteria To Get A Personal Loan

You need to satisfy a few basic criteria to get an instant personal loan online. 

  1. You should be an Indian national. 
  2. Your age should be between 21 to 67 years. 
  3. You should have a CIBIL score of 750 and above. 

You can use an EMI calculator at Piramal Finance. It is a free online tool that helps to get accurate results in no time. It will help you plan your loan efficiently and decide on various factors. 

How To Apply For A Personal Loan Online At Piramal Finance? 

Getting an instant personal loan online at Piramal Finance is very easy. All it takes are a few simple steps to process the loan. Here is a quick guide to help you understand how to apply for a personal loan online at Piramal Finance. 

  • Visit the official website of Piramal Finance. Under the loans section, click on the option to apply online. 
  • You will be shown an application form. Fill out all your details in this form. 
  • You will need to verify your details. Enter the OTP that you receive on your phone. 
  • Proceed by filling in your basic KYC details. You will also need to provide details of your employment and income to the lender. 
  • Upload the requisite documents online. Make sure that the form is filled out completely. 

After completing all these formalities, a representative will contact you. They will guide you with the further steps for availing of the loan. Generally, the process for loan approval will take less than a day. Sometimes, it can take up to 72 hours if any discrepancy is found and needs correction. After this, the amount of INR 5 Lakh will be transferred to your account. Usually, it takes less than 24 hours for the transfer to take place. You can check your registered bank account for the funds. 

What Is The Fee And Charges For The Loan? 

Piramal Finance offers the most competitive charges for their instant personal loan. They have no hidden charges at all. Here is a breakdown of the type of charges that you will have to pay on the borrowed loan amount. 

  • Interest Charges 
  • Loan processing charges 
  • Interest in an overdue EMI
  • Charges for cheque bouncing 
  • Charges for loan cancellation 

Getting your loan approved at Piramal Finance is as simple as reciting the alphabet! Use our professional loan calculator and check your eligibility. Select your loan tenure and upload documents to find out the amount disbursed. 


It is easy to get your loan of INR 5 Lakh. With Piramal Finance by your side, you should not worry about funding your needs anymore. You can get a versatile personal loan at your comfort. Use the funds for a variety of purposes, without any restrictions. The documentary requirement is minimal and the application process is quick. If you want to gain more insights into the world of finances, you can read more blogs at Piramal Finance. Get equipped with the financial knowledge that will keep you one step ahead of your peers.