Paisabazaar offers personal loans through 30+ leading lenders with digital convenience, competitive interest rates starting at 9.98% per annum, and flexible repayment of up to 6 years. The maximum loan amount reaches ₹40 lakh, catering to salaried, self-employed, and first-time borrowers across India.

The eligibility criteria are simple: most lenders prefer a CIBIL score of 750+, ages 21-60, and a minimum salary of ₹15,000 per month. Digital application processes mean instant approvals, often with minimal paperwork.

How to Apply – Step by Step

1. Enter your mobile number in the application form.
2. Provide personal and employment details as prompted.
3. Verify your mobile number with a one-time password (OTP).
4. Select desired loan amount and tenure that fits your needs.
5. Compare loan offers and submit your preferred application online.

Pros of Paisabazaar Personal Loan

The major benefit here is comparison: you can see multiple offers side-by-side, ranked by your approval chances. Pre-approved options for eligible customers require little to no documentation and can be disbursed almost instantly.

The Paisabazaar EMI calculator helps plan your repayment comfortably, giving you real-time figures based on loan amount and tenure. The all-digital process is straightforward and transparent.

Cons to Consider

Processing fees may vary between lenders, sometimes reaching up to 4%, increasing your overall borrowing cost. Additionally, interest rates depend on your credit profile, so not all applicants may get the advertised lowest rate.

Documentation requirements can be stricter for self-employed applicants, who may face higher interest rates as well.

Our Verdict

Paisabazaar personal loans score high on transparency, flexibility, and speed. The ability to compare offers boosts your confidence in picking the right loan. While terms may differ depending on eligibility, this remains an excellent option for most borrowers seeking quick funds with minimal hassle.