Personal Loan​

No Collateral I Up to Rs. 1 Crore I Tenure up to 48 months​

4 reasons to choose our Personal loan

LOAN OF UP TO Rs. 55 Lakh




A loan for all your goals






Eligibility criteria and documents required

Anyone can apply for our personal loan online, as long as you meet five basic criteria mentioned below. If you meet all the eligibility criteria, you will need a set of documents to complete your application process. With our online personal loan, you can get an instant approval for up to Rs. 40 lakh. Meet the easy eligibility parameters and complete your basic documentation to avail the money you need within 24 hours* of approval.

Eligibility criteria

• Nationality: Indian
• Intrest Rate: Ranges from 10.50% – 24.00%: At least 1 year
• CIBIL Score: 700 or higher
• Work status: Salaried/ Self Employed Non-Professionals/Self Employed Professionals.
• Age: 21 years to 70 years*
*Higher age limit is applicable at the time of loan maturity.


• KYC documents - Aadhaar/ passport/ voter's ID/ driving license/ letter from NPR/ NREGA job card
• PAN card
• Form 16 & Salary slips since past 3-6 months.
• Minimum 3-6 months bank statement (of salary account).
•Last 3 years Income Tax Return with Balance Sheet .
• Profit and Loss for last 3 years certification by a Chartered Accountant.

Frequently asked questions

The important factors that affect your personal eligibility are:
Your Income
Your Credit Score
Work Experience
Your Current Liabilities.

Mantra Finserv considers a CIBIL Score of 700 or above as a good credit score. A strong business turnover and having all your documents in check also reflect positively on your profile.

It Generally ranges from 1% to 3% of the loan amount + (GST).

While online lenders may provide loan amount within 24-48 hours subject to their terms and conditions, usually the approval time after submission of loan application is three to seven working days and disbursement after approval is done within seven working days.

Defaulting on a personal loan can severely impact your credit score. If you miss one or two EMI payments it will not make you a defaulter. However, if you fail to pay several EMIs on time your lender shall report you as a defaulter. If it so happens, it will become very difficult (nearly impossible) for you to take another loan in future. With that, the concerned lender may also take action against you.

Interest rates on personal loan can be both flat or reducing. In flat rate method, the interest rate is calculated on the principal amount of the loan. On the other hand, in the reducing interest rate, the interest rate is calculated only on the outstanding loan amount on monthly basis in the reducing balance rate method.

Since Personal loan are unsecured loan therefore you are not required to provide any security or collateral to avail your personal loan

Yes if you are already running a personal loan, you can go for a top up on it. You can obtain it either from your existing bank or lender at existing loan rate or transfer your loan to another bank.