Get Personal Loans up to 2 Lakhs in 6 minutes

Loan

Get Personal Loan for Mobile Online Up to Rs 2 Lakh

Personal Loan

You can manage urgent expenses easily with mobile loans of up to ₹2,00,000. Whether you need funds for medical bills, home repairs, or travel, apply directly through your smartphone. Mobile personal loans are unsecured, so you don’t need to pledge any collateral to borrow money. 

With Zype, you can get a personal loan of up to ₹2,00,000 with interest rates starting at just 1.5% per month. Choose flexible EMI tenures of 6, 9, 12 or 18 months to suit your repayment needs. The application is 100% digital, and you receive approval within 6 minutes—no paperwork required.

Looking for a quick phone loan app? Get instant personal loans right from your mobile with the Zype app. Whether it’s for an urgent need or a planned purchase, our mobile loan app offers fast approval, paperless process, and disbursal within 24 hours. Just download the Zype app, check your loan offer in 60 seconds, and enjoy flexible EMIs. No paperwork, no waiting—just instant support, anytime, anywhere.

Personal Loan for Mobile Loan EMI Calculator

Principal Amount

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  • 3000
  • 5L

Total Interest Payable

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  • 6
  • 38

Loan Term (in months)

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  • 3
  • 72
calculator

Your Monthly EMI Is

₹ 0.00

Total Interest

₹ 0.00

Total Amount Payable

₹ 0.00

Features and Benefits of Personal Loan for Mobile

Loan Without Collateral

Loan Without Documents

Experience the smoothest mobile loan process with Zype. No need to upload or submit physical documents to borrow money.

Personal Loan Instant Disbursal

Get Instant Approval

For mobile loans, apply in 6 minutes and get loan approval under 60 seconds from Zype.

Loan Disbursement

Fast Disbursal

Once you apply for a mobile personal loan, the money will be credited to your account instantly.

Repayment Charages

Borrow up to 2 Lakhs

You can withdraw from ₹3,000 up to ₹2,00,000 from Zype.

Flexible repayment options

Flexible Repayment Options

Enjoy the convenience to choose from 6, 9, 12 or 18 EMIs.

Affordable Interest Rate

Competitive Interest Rate

Zype is the best mobile loan app. Interest rate starts at 1.5% per month.

Personal Loan Interest Rate and Charges for Mobile

The interest rate on your mobile loan depends on several factors like your credit score, income, repayment history, loan amount, and the lender’s policies. With Zype, you can access personal loans starting at just 1.5% per month.

Maintain a healthy credit score to unlock better rates and higher loan amounts. Apply with ease and choose repayment terms that fit your budget.

Have a look at interest rates and other details of Zype personal loans –

Fees & ChargesAmount Chargeable
Interest RateStarting at as low as 1.5% (monthly)
Loan Processing ChargesProcessing fees from 2% to 6% on every loan
Interest on Overdue EMIsPenal interest and late fees will be charged to your total outstanding loan on a daily basis

How to Calculate Personal Loan EMI for Mobile?

Once you have clarity on the amount of Mobile Loan you need, the interest rate you would need to pay and repayment tenure, you can calculate your EMI amount using this formula – 

E = P x R x (1+R) ^N / [(1+R) ^N-1], whereP is the principal or loan amountE is your personal loan EMI amountR is the monthly interest rateN is the no. of months of EMI paymentAlternatively, you can use Zype’s personal loan EMI calculator and instantly know the EMI amount you would need to pay for different tenures.
What-is-personal-loan-repayment

Documents Required for Personal Loan for Mobile

To get fast mobile loans online, apply only after you have the clarity on what information you would need to provide in order to get a mobile personal loan. Here’s what you will required the documents.

Proof of Photo Identity

Proof of Photo Identity

Once you have gotten a loan limit, you would need to take a selfie to complete KYC.

Mandatory Documents

Mandatory Documents

Zype only asks you to enter your PAN and Aadhaar number during the application process. 

Proof of Income (Optional)

Income Proof (Optional)

You can upgrade your Zype loan limit and get a higher amount of mobile loans by uploading your bank statement of the last 4 months.

Eligibility Criteria for Mobile Loan

You must always check a lender’s eligibility criteria before applying for a loan. To avail Zype mobile loans, apply only if you meet this simple criteria –

Age

21 years or above

Citizenship

Indian with a valid PAN & Aadhaar card.

Work experience

Salaried individual

Monthly Salary

Monthly income of at least ₹15,000

How to Apply for a Personal Loan for Mobile?

To avail mobile loans, apply  by completing these simple steps on Zype –
1) Install the Zype app from the Play Store or App Store.
2) Enter basic details like name, PAN, mobile number and employment information.
3) Complete KYC by taking a selfie and entering your Aadhaar number.
4) Select loan amount and repayment tenure. Review EMI amount and other details.
5) The money will be disbursed and credited to your bank account.

Frequently Asked Questions

How Should I Repay My Mobile Loan?

You can repay your mobile loan using UPI, debit card, net banking, cheque, etc.

Can I Get a Personal Loan for a Mobile for 2 Months?

You can get a personal loan to buy your desired phone from Zype and repay the loan amount in 6, 9, 12 or 18 months.

Am I eligible to apply for a Mobile loan?

To be eligible for a mobile loan with Zype, you need to have a minimum monthly salary of ₹15,000. Additionally, you must be at least 21 years old and have a valid ID and address proof. Eligibility is also subject to your credit history and other factors.

What are the Requirements to Apply for a Personal Loan for a Mobile Phone Purchase?

Every bank and NBFC has their own eligibility criteria to approve a loan. You can borrow money easily from Zype if you have a valid PAN & Aadhaar card and a minimum monthly salary of ₹15,000.

How Can I Get a Mobile Loan Instantly?

You can get a mobile loan instantly by applying on the Zype app. Just enter basic details and get loan approval in 60 seconds, with disbursal up to ₹2,00,000 within 24 hours. Enjoy flexible EMIs and interest starting at 1.5% per month.

What is EMI for a Mobile Loan?

EMI (Equated Monthly Instalment) for a mobile loan is the fixed amount you pay every month to repay the loan, which includes both principal and interest. With Zype, you can choose EMI tenures of 6, 9, 12 or 18 months based on your comfort.