Our flexible and affordable Personal Loan

Personal Loan

A personal loan is an unsecured loan that can be required for many different reasons such as for medical treatment, wedding purposes, travel, home renovation, or for any other urgent financial requirement.

A personal Loan from lonar helps you meet your diverse financial needs during an emergency. Our instant personal loan is available for multiple purposes for both, salaried and self-employed individuals. Avail of your personal loan now.

You can also transfer your existing Personal Loan and enjoy amazing benefits, including affordable rates and the amount that you are comfortable repaying each month for the chosen tenure. Now Fulfil your every dream with Lonar.

Get an instant approval

Features of Personal Loan

Minimal Documentation
Digital KYC Capability
High Loan Amount
Flexible Repayment Tenure
Instant Approval and Disbursement
Attractive Interest Rates
No Security or Collateral Required
Efficient Customer Service

Personal Loans for All Your Needs

Wedding Loan

Focus on the biggest day of your life while being adequately prepared for it financially with lonar Personal Loan.

Education Loan

Lonar provides complete financial support to your beloved ones during their higher education.

Holiday Loan

Take your much needed holiday break with your beloved ones and see new places, meet new people with our holiday loans.

Medical Emergency

Manage immediate funding during medical emergencies for unforeseen medical expenses.

List of documents

Required Documents

Here is a list for your quick reference.

  • KYC documents such as driving license, Aadhaar card, and voter ID card
  • Last 3 months’ salary slips (for salaried) or income proof (for self-employed)
  • Last 6 months’ bank account statements of your salary account (for salaried) or current account (for self-employed)
Eligibility Criteria

Personal Loan Eligibility

To avail a personal loan, you must meet the following eligibility criteria –

  • Salaried employee of a private limited company or public sector undertaking, or self-employed with a minimum turnover as per the current policy
  • Eligible Age- 21 years to 60 years
  • Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
Just find your answers below

Frequently Asked Question

  • What is Personal Loan?

    A Personal Loan is an unsecured loan that helps you in times of financial need. Since it requires no collateral, you can get a personal loan online at attractive interest rates and flexible tenure options.

  • What are the benefits of applying for a Personal Loan Online?

    You can apply for a Personal Loan online, anywhere and anytime without having to travel to any of our branch. It saves a lot of time. You can instantly get to know the loan amount that can be availed based on your eligibility and documentation.

  • What are the documents required under each program?

    The documents required are KYC Documents + Income Documentation.

  • What Is Personal Loan EMI Calculator?

    EMI is short form “Equated Monthly Instalment” or the amount that is payable per month if you take a personal loan of a certain amount for a certain period. The calculation of EMI depends on 3 main factors:
    - Personal Loan Amount – The Rupee value of the loan that you take
    - Personal Loan Interest Rate – The interest rate that the bank will charge for the Personal Loan
    - Tenure of Personal Loan – The period for which you take the Personal Loan

  • Do I need to provide any security to apply for a personal loan?

    There is no need for security or collateral required for a personal loan.

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