Apply for a Small Personal Loan in 5 Minutes!

What is a Small Personal Loan?

Whether you got caught up with a last-minute expense or fell short on money for a planned purchase, your need for cash doesn’t have to come with a hefty price tag. And for expenses like these, small personal loans have got you covered.

When the amount you need is small, it should be met instantly. This is why with Zype, you can apply for a personal loan up from ₹1000 to ₹5,00,000 in 5 minutes, without any documentation! Complete an easy application now and get approved for a personal loan within 60 seconds. 

Get a small instant loan

While getting a small instant loan is easy as compared to big-ticket loans, Zype can make it easier for you! Because no financial requirements are big or small.

With simple eligibility criteria and no document uploads or paperwork, just enter your basic information like your name, email ID, PAN, Aadhaar number, etc. to get approved for a loan within 60 seconds. You will receive the money directly from your registered bank account within 24 hours.

Paying your EMIs on Zype is as easy as taking a loan from it. With flexible repayment options available, you can pay back the money in 3,6,9 or 12 EMIs. 

Features and Benefits of Small Personal Loans

Borrowing money in times of your financial needs should be a stress-free process. And Zype is designed keeping that in mind.;Quick and hassle-free loans are not the only things that they have to offer. Here are some ways in which Zype can enhance your loan experience:

Unsecured Loans:

All Zype personal loans are unsecured loans. This means you don’t have to provide any collateral like gold, jewellery, vehicle, etc. against the money you borrow.

Flexible repayment options

Attractive interest rate and low processing fees:

Borrowing money from Zype is not an expensive affair. Get an attractive interest rate starting at just 1.5% interest per month and a processing fee between 2-6%.

No documentation or paperwork

Instant approval and quick disbursal

Say goodbye to waiting for your money because Zype offers super-fast loans. After you have successfully completed your application, you can get approved for a loan in less than 60 seconds. Complete a 3-step KYC and receive the money directly to your registered bank account in 24 hours.

Instant Approval

No document upload or paperwork:

With a quick and easy application process that doesn’t take more than 5 minutes to complete, you don’t have to upload any document. All you need to complete your application is to enter your basic details like your name, email address, PAN, Aadhaar number, etc.

Competitive interest rate

No pre-closure charges:

On Zype, there are no additional charges or penalties associated with pre-closing your loans.

Competitive interest rate

Loans between ₹1000 and ₹5,00,000

Based on your eligibility and credit profile, you can get an instant loan from Zype ranging from ₹1000 and ₹5,00,000. 

Competitive interest rate

Flexible Repayment Options

You can pay back your Zype personal loan in convenient and flexible EMIs. With repayment options of 3, 6, 9 or 12 EMIs, your personal loan will never feel like a financial burden on Zype.   

Competitive interest rate

Eligibility Criteria for Small Instant Loan

Different lenders have different eligibility criteria to offer small personal loans. Zype’s eligibility is simple! This is all you need:

Zype has extremely simple eligibility criteria to approve loan applications –

Age
Age

18 years or above

15000 Salary
Monthly Salary

Monthly income of at least ₹15,000

Work Experience

Salaried Individual

Citizenship
Citizen of India

Valid PAN & Aadhaar card

Required Documents to Get a Small Personal Loan from Zype

With a quick and easy application that doesn’t take more than 5 minutes to complete, you can get approved for a Zype personal loan without any document upload or paperwork. These are the only requirements for completing your application:

Proof of photo identity
Mandatory documents

You only need your PAN and Aadhaar number to complete your application and KYC.

Mandatory documents
Proof of photo identity

You have to do a real-time selfie verification to complete your KYC after you have completed your application.

Proof of Income
Proof of income (Optional)

If you want to apply for a higher credit limit on Zype all you have to do is submit your bank statement for the last 4 months.

Apply for a Small Personal Loan in 5 Minutes

Complete your small instant loan application in less than 5 minutes by following these 6 simple steps:

1) Download the Zype app from PlayStore or AppStore and create your account.

2) Enter your basic details like your name, email address, PAN, Aadhaar number, etc. to complete your application.

3) Get approved for a credit limit in less than 60 seconds based on your credit profile.

4) Complete a real-time selfie verification and enter OTP on Aadhaar linked mobile number to complete your KYC.

5) Select your desired loan amount for the transfer and repayment plan.

6) Complete transfer. And that’s it! You will receive the loan amount in your registered bank account in 24 hours.

Frequently Asked Questions

How long does a small personal loan typically take to pay off?

You can choose among different repayment plans depending on your lender. On Zype, you can pay off a small personal loan in 3, 6, 9 or 12 EMIs.

Do I have to put up any security for a small personal loan?

All Zype personal loans are unsecured loans. This means you won’t have to provide any collateral as security to get a personal loan.

What is the small personal loan interest rate?

Zype offers small personal loans at affordable interest rates starting at as low as 1.5% per month.

 

How long does it take to receive a small personal loan approval?

After you have completed your application and KYC for the offered credit limit, you will receive the personal loan in your registered bank account within 24 hours.

Can I submit a small personal loan application online?

Zype’s personal loan application is 100% digital without any document upload or paperwork. Just download the Zype app from PlayStore/AppStore and complete your application. 

Can someone with bad credit acquire a small personal loan?

There are lenders available in the market who offer small personal loans to people with bad credit. However, a good credit score helps you secure high loan amounts at lower interest rates.

Are there any fees associated with early repayment of a small personal loan?

The charges associated with early repayment of a small personal loan depend on the loan terms of the lender. On Zype, there are no additional charges or penalties with prepayment.

Can I combine my debts with a small personal loan?

Yes, you can. Since there is no restriction on the end usage of the loan, you can use your small personal loan to pay off any debt

What impact does a small personal loan have on my credit rating?

The impact of a small personal loan depends on your repayment. If you don’t complete your repayment on time, it can negatively affect your credit score. On the other hand, if you repay your loans on time, it can help you improve your credit score.

What happens if I don't make my small personal loan payment?

If you don’t make your small personal loan payment by the due date, you may have to face consequences like late penalty charges, a decrease in credit score and recovery calls.

Are small amounts of personal loans the same as payday loans?

No, small personal loans and payday loans are not the same. In payday loans, you take a loan and pay it back completely on the next day of your payday. While in a small personal loan, you take a loan and pay it back as per your repayment schedule.