₹1 Lakh Personal Loan No Document or Paperwork Minimum Salary Required ₹15K Instant Approval Apply Now Home Personal Loan 1 Lakh Personal LoanPage also available in: हिन्दी - HindiWhen your need for money reaches six digits, draining your savings may not be the best idea. And while your friends and family are always ready to support you in every way, don’t let financial matters strain those precious relationships.In situations like these, a 1 lakh personal loan can come to your rescue. With quick and convenient processes, loan apps are designed to meet your financial requirements in the palm of your hands.Whether you’re facing an unavoidable financial emergency, or you just feel like treating yourself with a new electronic gadget, a simple download of the Zype app is all it takes to get cash for every need!Why Opt for a ₹1 Lakh Personal Loan?Zype takes ‘instant’ in instant loans too seriously. Because when your need for cash is urgent, things like lengthy application processes and long approval times are the last things that should get in the way.Apply for a personal loan up to ₹1 lakh in less than 5 minutes and get approved within 60 seconds. You will receive the money you need directly to your registered bank account within 24 hours. No unnecessary delays or wait time. With Zype, you will never catch yourself asking, “I want 1 lakh rupees loan urgently, where can I get it?”EMI for Personal Loan of ₹1 Lakh for Tenures of 1-5 yearsWith Zype, the flexibility and convenience of borrowing doesn’t end when you receive the money in your bank account. Choose from a tenure of 3, 6, 9 or 12 EMIs.Understanding what your monthly EMIs will look like even before starting your loan application will help you choose a personal loan repayment option that fits your budget and plan any upcoming expenses. This is what your 1 lakh personal loan EMI looks like at an 18% annual interest rate on Zype. Loan Amount Interest Rate Tenure (in months) EMI in RsRs 10000018%3Rs 34338.306Rs 17552.529Rs 11960.9812Rs 9168*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.Features and Benefits of a ₹1 Lakh Personal LoanGetting a ₹1 lakh personal loan from Zype means getting unmatched benefits. Here’s how Zype offers super-fast loans while ensuring a smooth loan experience:No Document Upload or Paperwork:On Zype, you don’t need to upload any document or paperwork to complete your application. Just enter your basic information like phone number, PAN, Aadhaar number, etc. and complete your application in less than 5 minutes. No Collateral:Zype’s 1 lakh personal loan is an unsecured loan. This means you don’t have to provide any collateral like gold, jewellery, or any other asset as security against the money you borrow. Instant Approval:While Zype’s application process is quick, their approval time is quicker! After you have completed your application, you can get approved for a 1 lakh loan in less than 60 seconds. Quick Disbursal:When you need cash urgently, you should get it quickly! Keeping this in mind, Zype is designed in a way that you receive your loan amount directly into your registered bank account within 24 hours. Flexible Repayment Tenure:Get various EMI options and choose a repayment plan that fits your budget. Because with Zype, repaying your loan will never feel like a financial burden. How to Calculate your ₹1 Lakh Personal Loan EMIOne of the good borrowing practices is calculating your personal loan EMIs before even starting your loan application. Doing this can help you create a suitable budget for your loan and compare offers among various lenders.You can use this simple formula to calculate your ₹1 Lakh Personal Loan EMI.E = 100000 x R x (1+R)^N / [(1+R)^N-1], whereE is your personal loan EMI amountR is the monthly interest rateN is the no. of months of EMI paymentYou can either use this formula or Zype’s ₹1 lakh loan EMI calculator below to find out your EMIs quickly. Personal Loan EMI CalculatorLoan Amount (in rupee) 10,0001,00,000Interest Rate (in %) 134Loan Term (in months) 172Total Interest PayableTotal Payment (Principle + Interest)Your EMI is Eligibility Criteria for ₹1 Lakh Personal LoanYou have to meet your lender’s eligibility criteria to get approved for a personal loan. What makes Zype’s personal loan so accessible to users is its simple eligibility criteria. Age18 years or above CitizenshipIndian with a valid PAN & Aadhaar card. Work experienceSalaried individual Monthly SalaryMonthly income of at least ₹15,000Documents Required For ₹1 Lakh Personal LoanYou have to submit your lender’s required documents and information to complete your loan application. And one of the benefits of taking a personal loan upto ₹1 lakh from Zype is that you don’t need physical documents or paperwork to complete your application. This is all you need. Proof of Photo IdentityYou will need to complete a real-time selfie verification after you’re approved for a loan to complete your KYC. Mandatory DocumentsWhen completing your application, you will only be asked for your PAN & Aadhaar number along with a few basic details to activate your loan (Physical documents not required) Proof of Income (Optional)You can increase your loan limit by uploading your bank statement for the last 4 months.Interest Rates on a ₹1 lakh Personal LoanIt’s important to understand all the charges associated with taking a personal loan. Zype gives complete transparency about all the charges you have/may have to pay when taking a personal loan up to ₹1 lakh. Fees & Charges Amount ChargeableInterest RateStarting at as low as 1.5% (monthly)Loan Processing ChargesProcessing fees from 2% to 6% on every loanInterest on Overdue EMIsPenal interest & late fees will be charged to your total outstanding loan on daily basisHow to Apply for a ₹1 Lakh Personal Loan?You can get approved for a personal loan up to ₹1 Lakh on Zype in less than 5 minutes. Just complete these 6 simple steps:1) Download the Zype app from PlayStore/AppStore and create your account by completing your mobile OTP.2) Add your PAN number along with some other basic details like email address and employment details.3) Based on your profile, you can get approved for a credit score offer within 60 seconds.4) Complete a real-time selfie verification and Aadhaar card linked mobile OTP to complete your KYC to unlock your credit line.5) Select your desired loan amount and a repayment plan that fits your budget.6) Get cash directly to your account within 24 hours.Frequently Asked Questions I want 1 lakh rupees loan urgently, how to get it?Just download the Zype app from PlayStore/AppStore and complete a quick and easy application that won’t take more than 5 minutes and get approved for a personal loan up to 1 lakh within 60 seconds.Can I get an instant personal loan of 1 lakh without a CIBIL Score?Yes, you can. Zype offers personal loans even to those customers who are new to credit, making loans more accessible.Can I avail 1 lakh loan without documents?Yes, you can. One of the benefits of taking a personal loan from Zype is that you don’t need to provide any documentation to apply for a personal loan.What are the factors that can affect ₹1 Lakh Personal Loan EMI?These are the 2 main factors that can affect your ₹1 Lakh Personal Loan EMI: Interest Rate charged on your personal loan. Repayment TenureHow to get a 1 lakh loan without income proof?On Zype, you don’t have to provide any income proof to get approved for a 1 lakh loan. You may have to submit your bank statement for the last 4 months if you want to increase your loan offer. (This is completely optional)What is the monthly EMI for a personal loan of 1 lakh?This is what your 1 lakh personal loan EMI looks like at an 18% annual interest rate on Zype.Loan AmountInterest Rate (p.a.)Tenure (in months)EMI in Rs. Rs 10000018% 3Rs. 34338.306Rs. 17552.529Rs. 11960.9812Rs. 9168 *Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment. What is the processing time for a ₹1 Lakh Personal loan?After you have completed your loan application you can get approved for a loan within 60 seconds and receive the loan amount directly into your bank account within 24 hours.