Personal Loan

"Experience seamless online personal loans with 5paisa Loans. It is India’s largest peer-to-peer lending platform." at the tick marked section followed by 5pasia Loans aims at making the entire personal loan process as lucid as possible.

We offer collateral-free personal loans, with instant system-based approval and quick disbursement. Our entire loan application process is completely paperless. The interest rates are also extremely competitive.

5pasia Loans aims at making the entire personal loan process as lucid as possible. We offer collateral-free
personal loans, with instant system-based approval and quick disbursement. Our entire loan application
process is completely paperless. The interest rates are also extremely competitive.

2 Minutes
approval
Loan disbursal
in 24 hours
Interest rate
starting 10% p.a.
Zero Foreclosure
charges
Paperless
application

5paisa personal loan calculator helps you calculate your estimated EMIs with ease.
All you need to do is key-in the desired amount, tenure and interest rate.

Loan Amount

5 K 10 L

Interest Rate (% P.A.)

5 30

Tenure (months)

3 60

Monthly EMI

Principal Amount

Interest Amount

Total Payment

Principal
Interest

Get Intant Personal Loan Apply Now

Enabling affordable borrowing opportunities for everyone

No get personal loan for all your needs. If you fulfil simple criteria as listed below, you can apply fill in our paperless
application and get personal loan approval in 2 minutes

Should be a resident of India
Should have PAN Card, valid Id and Address proof
Holds Own valid Bank account
Should earn minimum of INR 18,000 per month
Should be minimum 21 years and maximum 55 year old

Should be a resident of India
Should have PAN Card, valid Id and Address proof
Holds Own valid Bank account
Should be minimum 21 years and maximum 55 year old
Minimum ITR return of 2.5 Lakhs

Instant personal loans at competitive interest rates

Personal loans offered at affordable rates, pocket-friendly EMIs and no hidden fees. Borrowers can benefit from their
creditworthiness built over years.

Interest Rate

The interest rates for personal loans start as low as 10% per annum.
Processing fee

A minimal fee starting from 2.5% would be applicable.
Pre-closure Charges

There are no pre-closure charges applicable
Late payment charges

In case of failure of repayment in time, late fee of 24% per annum will be charged on the EMI amount.

Getting personal loans with 5paisa Loans is fairly simple with 5paisa Loans. It’s hassle-free. The documentation process is paperless and you need minimum documents for instant approval.

PAN Card
Aadhaar Card
3 months salary slip / ITR
6 months bank statement

PAN Card
Aadhaar Card
Last 2 years ITR
6 months bank statement

5paisa Loans offers personal loans approvals in 2 minutes and disbursal in 24 hours. It is a peer-to-peer lending platform and you can view lenders listed with 5paisa Loans and connect with your preferred lender.Personal loan application is quick and hassle-free. It’s just a 4-step process

Register
Complete Verification
Accept loan agreement
Receive Loan

1. Register online

By registering online, you can digitally connect with the lenders to borrow funds. All you need to do is key-in your basic details and get started.
2. Complete Verification

In order to get your identity and credibility verified, you will be required to submit the documents online. Once the verification process is complete, you will be listed on our borrowers list.
3. Accept loan agreement

Basis your credit profile, you can easily find lenders. Once you find the lender, just accept the loan agreement to receive the desired amount.
4. Receive Loan

After the verifications, the amount is disbursed you to your account in less than 24 hours

Here's why 5paisa Loans is the right choice for personal loan

Getting loans has never been more easier.

Backed by IIFL

5paisa Loans is a venture by 5pasia and backed by IIFL, one of India’s leading brokerage firm.
Quick Disbursement

Owing to the strong network of lenders, personal loans onces listed are instantly approved. Loan is disbursed within 24 hours of approval.
Zero foreclosure and higher flexibility

There are no pre-closure charges applicable on your loan, so you can pre-close it anytime for no additional cost.
No Collateral Requirement

The entire process is completely digital so it is quick and hassel-free. All the loan documents are collected online and processed in real time.
Robust Credit Evaluation Model

Different parameters including open loans, repayment history, income in hand, amongst others are taken into consideration when determining the creditworthiness.

What is 5paisa P2P limited?

5paisa P2P Limited is India's premier peer to peer lending sites for investors which connects verified creditworthy borrowers and lenders. 5paisa P2P provides customized loan products and alternate investment option where the borrower gets a loan at a very competitive interest rate and lender earns above average market return on the investment.

Why to take personal loan from 5paisa P2P?

5paisa P2P is RBI certified NBFC-P2P which offers personal loans at low interest rate to borrowers. We offer complete online process with paperless documentation and fast disbursement.

How to take loan from 5paisa P2P?

You can take personal loan in just four simple steps. They are as follows: