Get The Personal Loan Of Your Choice With Andromeda
Quick Approvals
Get complete access to our in-house CRM to avail quick Personal Loan approvals for your customers.
Widest Choice For Best Deals
With over 125 lending partners, get the widest choice of Personal Loans for your customers.
Secured Systems
Ensure maximum protection for your data, as well as your customers’, from online theft.
Easy Mobile Tracking
Track your customer’s Personal Loan status efficiently, using our digital platform and in-house CRM.
Personal Loan Features and Benefits
Starting at 11% p.a.
Fixed Rate
Of Interest
Pay interest on Personal Loans only on the principal amount outstanding.
Minimum
Documentation
Get a Personal Loan without collateral or security, and with minimum to no paperwork.
Quick
Disbursal
Have your Personal Loan disbursed into your account in a few hours to a few days.
Flexible
End Use
Avail a Personal Loan for multiple purposes such as emergencies, travel, renovation, debt consolidation, etc.
Balance transfer
facility
Transfer your Personal Loan from one lender to another, at a lower interest rate or a longer tenure.
Calculate Your Personal Loan EMI
Calculate your Personal Loan EMI for different interest rates, loan amounts and tenures, using Andromeda’s Personal Loan EMI Calculator.
Loan EMI
66,736
Loan EMI
66,736
Principal Amount
50,50,000
Interest Amount
29,58,335
Total Payable Amount
80,08,335
Personal Loan Rates
Compare Personal Loan features of banks across key categories.
Bank name
Interest rate
Processing fees
11%
Up to Rs 4999/-
10.99%
up to 3%
10.80% to 16.15% P.A
Upto 2 % of loan amount
10.99%-23.99%
Upto 2%
10.99%-20.00%
Upto 2.5%
starting from 10.99% P.A
Upto 2.00% + GST
10.99%
Up to 5.5% of the loan amount + GST
Age:
18 - Â 65 years.
Credit Score:
Preferably 750 and above.
Nationality:
Indian Residents / Non Resident Indians (NRIs) / Persons of Indian Origin (PIOs)
Minimum Net Income (Monthly):
₹15,000 for non-metro cities. ₹20,000 for metro cities.
Loan Amount:
Up to ₹50 Lakhs depending on your credit profile.
Work Experience:
Salaried Professionals must have been employed at their current workplace for at least 6 to 12 months. Self-employed Individuals should have had a business tenure of at least 3 years (continuous).
Existing Loans:
In case you have any existing Personal Loans, then your eligibility will come down as your income in hand would be lower compared to a scenario where you are not already paying another EMI.
1. Personal details
Fill up your personal details such as occupation, city, phone number, etc. Then, click Proceed.
2. Professional details
For personalised deals on Personal Loans best suited to your needs, enter your company name, work experience, etc.
3. Select a lender
A compilation of Personal Loan offers from our wide network of partner Banks and NBFCs will be displayed, based on your eligibility and chance for quick approval. Select a lender that best meets your requirements.
4. Additional details
Fill out any additional details that may be required.
5. E-Approval
Your selected lender will send you a quick e-approval personally. Following which, the a representative from the respective lender will get in touch with you to guide you through the documentation process.
Frequently Asked Questions
A Personal Loan is a short to medium term loan that needs minimum to no paperwork and can be availed at short notice. The primary benefit of a Personal Loan is its flexibility of end-use. Often taken to meet an emergency medical expenditure or fund a vacation, wedding, home renovations, etc.
Couples belonging to the DINK (Double Income No Kids) category can easily apply for a joint Personal Loan. Your combined income will improve your purchasing power significantly, thereby making you eligible for a higher loan amount.
Your maximum eligible loan amount is affected by the following factors.
- The higher your income, the higher the loan amount you are eligible for.
- In the event that you are already paying an EMI towards a previous loan, your loan amount for a new Personal Loan may go down. This is because your income in hand would be lower compared to a scenario where you are not already paying another EMI.
- The higher the number of dependents on you, the lower the eligibility amount.
There are countless number of Personal Loan offers available today. While the thought of navigating through this endless plethora of offers may seem daunting, the following pointers should ease your worries and help you choose a Personal Loan best suited to your needs.
- Check and compare Interest Rates:It’s never a good idea to select the first offer that you come across. Always compare the different interest rates offered by different lenders before making your final decision.
- Check and compare loan fees and charges: Loan fees and charges can affect your overall budget and payout despite low interest rates. So, always check for associated loan fees and charges.Â
- Check and compare repayment flexibility: Most Banks/NBFCs have their own policies for prepayment/part-payment options. It’s advisable to go through their policies thoroughly to make a more educated repayment schedule.
- Know your EMI payout in advance:Â Even before you apply for a Personal Loan, check your finances to ensure you have the capacity to repay the loan on time to avoid any unwanted penalties.
Not paying a single EMI might not have a significant impact on your Credit Score. That said, failing to pay multiple EMIs will reduce your credit score and also increase your outstanding debt amount. There’s also the likelihood that your lender may also take a legal action against you and/or approach your guarantor (if any).
Get Quick Approval On Personal Loans.
With interest rates as low as 11% p.a., and a repayment tenure of up to 12 months.
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