Get Instant ₹20000 Personal Loan

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Why You should Go For a ₹20,000 Personal Loan

Life 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 Months

With 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
₹ 6867.66
₹ 3510.50
₹ 2392.20
₹ 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 Zype

It can’t get any better than Zype when you need a ₹20000 personal loan fast and with utmost ease.

Instant Approval on Loans

It 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.

Instant Approval

Competitive Interest Rate

Interest 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 Also, you only have to pay interest on the amount withdrawn from your credit line.

Flexible repayment options

Unsecured Loan

Getting unsecured loans from Zype is a seamless experience since there is no need to submit any collateral in order to avail a loan.

Competitive interest rate

Flexible Repayment Tenure

Enjoy the convenience of repaying your loan in convenient EMI options of 3, 6, 9 and 12 months.

No documentation or paperwork

Same Day Disbursal

No 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.

Collateral free loans

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], where

E is your personal loan EMI amount

P is the amount you are borrowing from the loan provider

R is the monthly interest rate

N is the no. of months of EMI payment

You can also use Zype’s loan EMI calculator and select a plan that fits your budget.

₹20,000 Personal Loan EMI Calculator

Loan Amount (in rupee)



Interest Rate (in %)



Loan Term (in months)



Total Interest Payable

Total Payment
(Principle + Interest)

Your EMI is

Zype Loan Eligibility Criteria for 20000 Instant Loan

Have 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.


18 years or above

Citizen of India

Valid PAN & Aadhaar card

Work experience
Work experience

Salaried individual

15000 Salary
Monthly Salary

Monthly income of at least ₹15,000

Documents Required to get a Personal Loan of ₹20000

Zype gives an instant 20000 loan without document upload or paperwork. To get personal loans from Zype, simply enter the information mentioned below –

Mandatory documents

Proof of Photo Identity

To complete this step, all you need to do is a selfie-based verification after you’ve got your credit limit.

Proof of photo identity

Mandatory Documents

You 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.

Proof of Income

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 Documents

The 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 Chargeable
Interest Rate
Starting at as low as 1.5% (monthly)
Loan Processing Charges
Processing fees from 2% to 6% on every loan
Interest on Overdue EMIs
Penal interest & late fees will be charged to your total outstanding loan on daily basis

Need 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 Questions

Can 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 –

  1. Your loan repayment tenure
  2. Interest 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.