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Pre-Approved Personal Loan

Pre-approved personal loans offer the convenience of zero or minimum documentation, end-to-end digital process and instant disbursal. Apply for pre-approved personal loan offers from top banks and NBFCs curated based on your credit profile.

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800+Cities across India

Paisabazaar Exclusive Benefits

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Wide Choice

Curated offers from 30+ lenders

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Quick Disbursal

Money in your account instantly

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SmartMatch

Offers ranked according to eligibility

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Digital Process

Hassle-free & paperless

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Find Best Personal Loan Offers

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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Why Choose Paisabazaar?
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Compare & Choose the Best Offer

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Pre-approved Offers with Instant Disbursals

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Know Your Chances of Approval

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End-to-End Digital Process

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

What is a Pre-Approved Personal Loan

A pre-approved personal loan is an offer provided by a lender to select existing customers with a strong credit profile. Such loan offers are disbursed on the same day or within a few hours of the loan application.

  • Before offering this facility, banks and NBFCs conduct an initial credit assessment of their customers
  • Various factors are considered such as credit score, employment status, income, etc.
  • On Paisabazaar, you can easily check pre-approved offers from multiple partner lenders - all in one place, with an end-to-end digital process.

Pre-Approved Personal Loan Interest Rates

  • Pre-approved personal loan interest rates start from 9.98% on Paisabazaar and depends on the applicant’s credit profile.
  • Most banks and NBFCs provide preferential interest rates on pre-approved loans to their existing customers, but this does not guarantee the lowest rates.
  • It is important for you to compare personal loan interest rates from multiple lenders where you have existing accounts, loans, or credit cards.
  • This would help you get personal loans at the most favourable terms, rather than simply accepting the pre-approved offer.

Choose the Right Personal Loan Amount

Personal Loan of ₹5 Lakh Personal Loan of ₹10 Lakh Personal Loan of ₹20 Lakh Personal Loan of ₹30 Lakh Personal Loan of ₹40 Lakh Personal Loan of ₹50 Lakh

Who is Eligible for a Pre-Approved Loan in India

Banks and NBFCs offer you a pre-approved personal loan primarily on the basis of your credit profile. Lenders usually consider your account balance and transaction pattern, recent salary credits, existing debt obligations, employment history, loan repayment history, etc., while offering the loan. Key factors for pre-approved loan eligibility include:

  • Credit Score: A higher credit score, usually 750 or above, is preferred by most lenders to provide pre-approved offers.
  • Income Stability: Less frequent job changes and consistent salary credits are an important consideration for pre-approved loan offers.
  • Credit History: Lenders prefer applicants with a clean credit history who have repaid or are repaying their loan EMIs and credit card dues on time.
  • Existing Relationship: Lenders are more likely to offer pre-approved loans to their existing customers with a strong relationship.

How a Pre-Approved Offer Works

Pre-approved offers are just ‘Invitations to Apply’. Receiving a pre-approved offer increases your chances of approval, but it does not guarantee final approval.

  • When you choose to proceed for a pre-approved offer, your application and supporting documents undergo a detailed review by the lender.
  • The review may involve additional checks based on the lender’s internal guidelines and policies.
  • A lender may reject or withdraw your pre-approved offer during the loan application processing if there are any adverse changes in your income, credit score, employment status, or other key financial factors.

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Processing Fees & Charges on Pre Approved Personal Loan

The processing fees for pre-approved personal loans are usually the same or lower than those for regular personal loans. In some cases, lenders may cap the processing fee on personal loan, regardless of the loan size. Additionally, some lenders may waive the processing fee during special promotions or festive seasons.

Charges Description
Processing Fee 0.5% to 4% of the loan amount, capped by some lenders
Stamp Duty Charges As per actuals
Prepayment/Foreclosure Charges 2% – 5% on the principal outstanding for fixed-rate loans;

NIL for floating rate loans
Document Retrieval charges Usually around Rs. 500
Loan Cancellation Charges Usually around Rs. 3,000
Duplicate NOC Usually around Rs. 300-Rs. 500
Loan Statement Charges Up to Rs. 500 per statement
Repayment mode swap charges Around Rs. 500 per transaction
Documentation Charges Around Rs. 500
Cheque Bouncing or Failed Standing Instruction Charges Up to Rs. 500 – Rs. 750 per instance
Penal Charges – EMI overdue Usually 2% to 3% per month
GST Applicable to all processing fees and charges

Check Personal Loan Offers Based on Your Salary

Personal Loan for ₹25,000 salary Read More Personal Loan for ₹30,000 salary Read More Personal Loan for ₹50,000 salary Read More Personal Loan for ₹60,000 salary Read More Personal Loan for ₹80,000 salary Read More Personal Loan for ₹1,00,000 salary Read More

Do Pre-Approved Loan Offers Hurt Your Credit Score?

  • Getting pre-approved personal loan offers do not impact your credit score, as you did not apply for the loan.
  • Once you accept the pre-approved offer, a hard inquiry is initiated which may lower your credit score temporarily.
  • You should not apply for multiple personal loans at once as it can impact your score.
  • Compare offers of multiple lenders on the Paisabazaar instant loan app or website and choose the one that suits your financial needs the best.

Benefits of a Pre-Approved Personal Loan

Higher Approval Chances

  • Pre-approved loans are offered to individuals who have already passed an initial screening by the lender.
  • Your chances of approval are generally higher compared to apply for a personal loan from scratch.

Faster Processing

  • Since the lender has already completed the initial evaluation, the processing time for a pre-approved loan is significantly faster.
  • Once you accept the offer, the final approval and disbursal process is streamlined, helping you access funds quickly.

Minimal to Zero Documentation

  • Lenders usually do not require fresh documentation when processing pre-approved personal loans, as they already have the necessary KYC documents (proof of identity, address, and income) for their existing customers.
  • This minimizes paperwork and speeds up the loan approval process for those in urgent need of funds.

More Favourable Terms

  • Lenders offering pre-approved loans may provide better terms, such as a lower interest rate, preferred tenure, etc.
  • You may eventually get loans at lower overall cost of credit.

Things to Check Before Accepting a Pre-Approved Offer

Compare Multiple Offers: Evaluate offers from different lenders at Paisabazaar to ensure you’re getting the best pre-approved personal loan offer.

Consider Loan Terms: Carefully review the loan tenure, EMI amount, and prepayment conditions to ensure they conform to your repayment capacity.

Check for Charges: Know about processing fees, prepayment penalties, or late payment charges that could affect the total cost of the loan.

Pre-Approved Personal Loans vs. Regular Personal Loans

Unlike regular personal loans, where the borrower initiates the application, a pre-approved loan is proactively offered by the lender. Check below the differences:

Feature Pre-Approved Personal Loan Regular Personal Loan
Approval Time Usually on the same day or within a few hours Usually 2 to 4 days, depends on the lender
Documentation Minimal to no documentation, as the lender already has your information Submitting various documents like bank statements, income proof and KYC documents
Interest Rates Lenders may offer preferential interest rates to those having strong credit profiles Subject to eligibility criteria
Eligibility Criteria Offered only to those who already meet the lender’s predefined criteria You have to meet the lender’s eligibility criteria, such as income, credit score, and more

Check Personal Loan Offers in Your City

Delhi Personal Loan in Delhi hyderabad Personal Loan in Hyderabad Bangalore Personal Loan in Bangalore Chennai Personal Loan in Chennai Kolkata Personal Loan in Kolkata Mumbai Personal Loan in Mumbai

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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