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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! In situations like these, a Rs. 1 lakh personal loan can come to your rescue. With quick and convenient processes, loan apps are designed to meet your financial requirements.
Apply for a personal loan of up to ₹1 lakh in less than 6 minutes and get approved within 60 seconds. You will receive the money you need directly to your registered bank account instantly, with no unnecessary delays or wait time. Enjoy competitive interest rates starting at just 1.5% per month, ensuring you can manage your repayment comfortably. With Zype, you will never catch yourself asking, “I want a 1 lakh rupees loan urgently, where can I get it?”
Getting 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:
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 6 minutes.
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.
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.
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 instantly.
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.
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One 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], where
E is your personal loan EMI amount
R is the monthly interest rate
N is the no. of months of EMI payment
You can either use this formula or Zype’s ₹1 lakh loan EMI calculator below to find out your EMIs quickly.
You have to submit 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.
You will need to complete a real-time selfie verification after you’re approved for a loan to complete your KYC.
When 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)
You can increase your loan limit by uploading your bank statement for the last 4 months.
You have to meet eligibility criteria to get approved for a 1 lakh loan. What makes Zype’s personal loan so accessible to users is its simple eligibility criteria.
Age
Applicants must be at least 21 years old
Citizenship
Indian with a valid PAN & Aadhaar card
Work experience
Salaried individual
Monthly Salary
Monthly income of at least ₹15,000
Age: Your age can affect the interest rate. Age is a key factor in determining personal loan eligibility and repayment feasibility.
Credit Score: A high credit score indicates financial responsibility, helping you secure lower interest rates. Lenders typically offer better rates to those with scores above 700, as they’re viewed as lower-risk borrowers.
It’s important to understand all the charges associated with taking a personal loan upto 1 lakh. Zype gives complete transparency about all the charges you may have to pay when taking a personal loan up to 1 lakh.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting at 1.5% (monthly) |
| Loan Processing Charges | Processing fees from 2% to 6% on every loan |
| Penalty on Overdue EMIs | Late payment penalty charges & overdue interest will be charged to your total outstanding loan on a daily basis |
With Zype, the flexibility and convenience of borrowing doesn’t end when you receive the money in your bank account. Choose from a tenure of 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 Rs) |
|---|---|---|---|
| Rs 100000 | 18% | 6 | 17552.52 |
| 9 | 11960.98 | ||
| 12 | 9168 |
*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.
You can get approved for a personal loan upto 1 Lakh on Zype in less than 6 minutes. Just complete these 6 simple steps:
1) Download the Zype app from PlayStore/AppStore and create your account filling your basic details.
3) Based on your eligibility and credit profile, you can get approved for a loan within 60 seconds.
4) Complete a real-time selfie verification and Aadhaar card linked mobile OTP to complete your KYC to get loan.
6) Get cash transferred directly to your bank account instantly.
You can get 1 Lakh rupees loan instantly with Zype. Just download the Zype app from PlayStore/AppStore and complete a quick and easy application that won’t take less than 6 minutes and get approved for a personal loan up to 1 lakh within 60 seconds.
No you can’t. To get an instant personal loan with Zype you need atleast a decent Cibil score.
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. All you need is a valid PAN and Aadhaar.
These are factors that can affect your ₹1 Lakh Personal Loan EMI. For example, your interest rate charged on your personal loan and your loan repayment tenure can affect.
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)
This is what your 1 lakh personal loan EMI looks like at an 18% annual interest rate on Zype.
| Loan Amount | Interest Rate (p.a.) | Tenure (in months) | EMI in Rs. |
| Rs 100000 | 18% | 6 | Rs. 17552.52 |
| 9 | Rs. 11960.98 | ||
| 12 | Rs. 9168 |
*Note – All the above numbers are for representation only. The final interest rate may vary depending on the profile assessment.
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 instantly.
Select the loan details you want to know
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