Privo - Personal Loan
check circle Get loan amount of your choice check circle Insurance check circle Low interest Rate check circle Flexible tenure
Max. Loan Amt.
Up to ₹5L
Rate of Interest
9.99% - 36.00%
Tenure
1 - 5 Years
Processing Fee
3.00%
Privo, an RBI-regulated NBFC, has a secure platform for obtaining online personal loans. It's entirely web-based, ensuring a quick and paperless process that requires just a few clicks. This digital approach expedites approval, allowing you to access funds promptly for needs like education, buying a car, or handling medical emergencies. Traditional financial solutions can be time-consuming and involve lengthy formalities. However, Privo provides a convenient alternative with instant loan approvals for short-term personal loans at low-interest rates, all without the need for collateral. This flexibility allows you to manage your expenses effectively, addressing financial uncertainties without the hassle of prolonged applications. Whether you're facing unexpected expenses or planning major investments, Privo's streamlined process offers a solution, making it easier to navigate your financial requirements with confidence.
Fee and charges
- Processing fees: 1 to 3% of loan amount
- foreclosure charges: Nill
Features
- Loan disbursal in less than 5 minutes.
- Amount available upto INR 5 Lakh.
- The minimum monthly income required is only INR 20,000.
- Quick online process without paperwork.
Required Documents
1
Last 3 month Bank statement / RBI Approved Account Aggregator Process/ Bank Statement
2
3 latest salary slip with form 16
3
Net Banking or Debit Card details to set up e-Mandate
4
Valid KYC
5
Aadhar card with Date of birth
6
Aadhar card with Date of birth
7
Pan card
Privo personal loan Eligibility Criteria
Salaried
- Minimum monthly salary - 20000 monthly
