Get Instant ₹20000 Personal Loan Loan approval in 60 seconds Same-day loan disbursal Apply Now Home Personal Loan 20000 Personal LoanPage also available in: HindiWhy You should Go For a ₹20,000 Personal LoanLife is full of unexpected events. In case of a sudden financial need, getting an urgent loan of ₹20000 could be immensely helpful. Since Zype gives no-questions-asked loans, you can meet any of your requirements by getting personal loans from us. For example - school or college fee, travel expenses, medical emergencies, etc.The best part if you need a 20000 rupees loan urgently from Zype is that the money is transferred to your account on the same day of your loan application. The process of completing the application process takes less than 8 minutes and on top of this, it takes less than 60 seconds to get a credit limit offer once you’ve entered the basic details.EMI Amount for ₹20000 Instant Loan for Tenures of 3-12 MonthsWith Zype, enjoy the convenience of choosing the repayment tenures of 3, 6, 9 and 12 months and manage your budget with ease.You can also use Zype’s intuitive loan EMI calculator to check the monthly instalment amount of ₹20000 personal loan.Check out the sample breakdown of estimated EMI amount on an instant 20000 loan without documents Loan Amount Interest Rate Tenure (in months) EMI in Rs₹30,00018%3₹ 6867.666₹ 3510.509₹ 2392.2012₹ 1833.60 *Note – All the above numbers are for representation only. The final EMI amount may vary depending on the profile assessment.Features of Getting a ₹20000 Loan from ZypeIt can’t get any better than Zype when you need a ₹20000 personal loan fast and with utmost ease.Instant Approval on LoansIt takes under 8 minutes to complete a loan application and less than 60 seconds to get loan approval on the Zype app if you need a ₹20000 instant loan. Competitive Interest RateInterest rates on Zype loans start at 1.5% per month. Also, you only have to pay interest on the amount withdrawn from your credit line. Unsecured LoanGetting unsecured loans from Zype is a seamless experience since there is no need to submit any collateral in order to avail a loan. Flexible Repayment TenureEnjoy the convenience of repaying your loan in convenient EMI options of 3, 6, 9 and 12 months. Same Day DisbursalNo need to wait for multiple days to get your money. You get money transferred to your account on the same day of the loan application. How to Calculate ₹20000 Instant Loan EMI?It is a healthy financial habit to know the EMI amount you would need to pay before availing a loan. This helps you to choose the loan amount and EMI tenure that aligns with your budget.Use this formula to calculate the EMI amount for different loan tenures and select your repayment plan accordingly -E = P x R x (1+R)^N / [(1+R)^N-1], whereE is your personal loan EMI amountP is the amount you are borrowing from the loan providerR is the monthly interest rateN is the no. of months of EMI paymentYou can also use Zype’s loan EMI calculator and select a plan that fits your budget. ₹20,000 Personal Loan EMI CalculatorLoan Amount (in rupee) 10,0005,00,000Interest Rate (in %) 134Loan Term (in months) 172Total Interest PayableTotal Payment (Principle + Interest)Your EMI is Zype Loan Eligibility Criteria for 20000 Instant LoanHave a look at these simple eligibility criteria to check if you can get an urgent loan of ₹20000 from Zype and download the app to complete the application process to unlock your credit limit. Age18 years or above Citizen of IndiaValid PAN & Aadhaar card Work experienceSalaried individual Monthly SalaryMonthly income of at least ₹15,000Documents Required to get a Personal Loan of ₹20000Zype gives an instant 20000 loan without document upload or paperwork. To get personal loans from Zype, simply enter the information mentioned below – Proof of Photo IdentityTo complete this step, all you need to do is a selfie-based verification after you’ve got your credit limit. Mandatory DocumentsYou will only need to enter your PAN & Aadhaar number to get a credit limit and complete your KYC. The process does not involve any document upload or physical paperwork. Income Proof (Not Mandatory)In case you are not satisfied with your credit line amount and want to upgrade the same, you can upload the bank statement of the last four months of your bank account where you receive your salary.Interest Rates on ₹20000 Loan without DocumentsThe cost of borrowing money is the interest payable on the loan. Zype provides tailored interest rates for every user based on their credit profile. If you have a good credit repayment history and a high credit score, you will get loans at lower interest rates.Zype loans are very affordable. You also get full disclosure of loan terms and there are no hidden charges. 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 basisNeed a 20000 Rupees Loan Urgently? Here’s How to Apply on Zype -The process of applying for loans on Zype App is simple and quick. Complete the steps listed below and get money in your account in no time –1) Download the Zype app from Google Play Store or Apple App Store and enter these details - name, mobile number, PAN & employment details.2) Once you’ve given this information, Zype will give you a credit limit based on your profile and credit score.3) Once your offer is generated, you can unlock your credit line by finishing the KYC process by entering your Aadhaar number and completing photo verification by clicking a selfie.4) Now you can choose the loan amount you need and a convenient repayment tenure.5) The money will be transferred from your credit line to your bank account on the same day.Frequently Asked QuestionsCan I Get an Instant Personal Loan of 20000 Without a CIBIL Score?Yes, it is possible to get a 20000 loan without documents and without a CIBIL score if you fulfil Zype’s eligibility criteria.Can I Avail a 20000 Loan Without Documents?Yes, you can avail a 20000 loan without uploading any documents. You just need to provide your PAN and Aadhaar number to get loans from Zype.What are the Factors that can Affect ₹ 20000 Personal Loan EMI?There are two factors that affect the EMI amount for ₹ 20000 Personal Loan –Your loan repayment tenureInterest rate charged on the loan.Can I Get the Lowest Interest Rate on a ₹ 20000 Personal Loan?Yes. In fact, instant loans from Zype start at only 1.5% per month. To avail a low interest loan, make sure that you have a good credit score and a clean repayment history.