Fast money, no collateral
Money in days, and you pay for the speed.
A personal loan is unsecured. Nothing is pledged, the paperwork is short, and a complete file can be sanctioned in 24 to 72 hours. That speed is what you are paying for — the rate sits far above anything an asset stands behind. We will put a secured option next to it before you sign, so the cost of the convenience is a number you have seen rather than one you discover later.
- Interest range p.a.
- [7%–24%] Interest range p.a.
- Typical maximum
- ₹40 lakh Typical maximum
- Maximum tenure
- 6 years Maximum tenure
Why through JSR
What you get
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Nothing is pledged
No property, no gold, no guarantor in most cases. If things go wrong the bank has no asset to take — which is exactly why it charges what it charges.
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Sanctioned in days
Approval turns on your salary credits and your credit report, both of which a bank can pull the same afternoon. A complete file often clears in 24 to 72 hours.
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No end-use restriction
A wedding, a hospital bill, a semester's fees, a flight, or clearing a credit card running at 40% a year. The bank asks what it is for and rarely asks for proof.
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Your credit record sets the price
A clean repayment history, a strong CIBIL score and a salary account the bank can see are what separate the bottom of the rate range from the top.
At a glance
Personal Loan details
- Loan amount
- ₹50,000 to ₹40 lakhThe upper end is reserved for salaried profiles at large employers
- Interest rate
- [7%–24%] p.a.The widest spread in retail lending. Your credit record decides where you land, not negotiation
- Tenure
- 1 to 6 yearsCapped low, which is why the instalment feels heavy even on a small loan
- Processing fee
- [1%–3%] of the sanction, plus GSTUsually deducted before disbursal, so less reaches your account than you signed for
- Sanction time
- 24 to 72 hoursFor a complete file. Missing documents are what slow this down, not the bank
- Foreclosure
- Lock-in of 6 to 12 EMIs is commonRBI bars foreclosure charges on floating-rate loans to individuals, but personal loans are usually fixed rate, so [2%–5%] on the outstanding still applies
- Tax treatment
- No deduction, as a ruleThe exception is money provably spent on a house or a business. Keep the trail and confirm with your accountant
Is this you?
Who this suits
- You need funds quickly and have no property to pledge
- The expense is real and dated — a wedding, a hospital bill, a fee deadline
- Your salary is credited to a bank account and your repayment record is clean
- You are consolidating costlier debt, such as a credit card outstanding at 36% to 42% a year
- You can clear it inside the tenure without needing a top-up part-way through
Documents
What you will need
About you
- PAN, Aadhaar and passport-size photographs
- Address proof — utility bill, rent agreement or passport
- Employment proof — ID card, appointment letter or offer letter
- Statements for every loan and credit card you are already running
- A cancelled cheque for the repayment mandate
About your income
- Salaried: last 3 months' payslips and Form 16
- Salaried: 6 months' statements for the salary account
- Self-employed: 2 to 3 years' ITR with computation of income
- Self-employed: 12 months' current account statements
- A recent credit report, where you have already pulled one
We tell you which of these your lender actually wants before you gather anything.