EMI for a ₹1 Lakh loan
| Tenure | 16% a year | 24% a year | 36% a year |
|---|---|---|---|
| 12 months | ₹9,073 | ₹9,456 | ₹10,046 |
| 24 months | ₹4,896 | ₹5,287 | ₹5,905 |
| 36 months | ₹3,516 | ₹3,923 | ₹4,580 |
| 48 months | ₹2,834 | ₹3,260 | ₹3,958 |
Illustrative only. Your lender sets the actual rate and fees — check the APR in the Key Fact Statement (KFS) they must give you before you sign. Small, short loans often cost more than these figures.
What people use a ₹1 Lakh loan for
- A wedding in the family
- A hospital bill
- Major home repairs
- Paying off costly credit card dues
Who can get a ₹1 Lakh loan
- Indian citizen, usually aged 21 to 58
- A regular monthly income — salaried or self-employed
- A PAN card in your own name
- Each lender has its own minimum income and CIBIL score; Finriseo shows only the lenders whose criteria match your profile
Documents you need
- PAN card
- Aadhaar card (for KYC)
- A bank account in your name
- A recent bank statement or salary slip, if the lender asks
How to apply for a ₹1 Lakh loan on Finriseo
- Enter your mobile number and verify it with an OTP
- Choose ₹1 Lakh as the amount and add your income and PAN
- Compare the offers you match
- Apply to the lender you choose — they complete KYC and pay directly into your bank account
Before you borrow
- Borrow only from an RBI-registered bank or NBFC
- Never pay an upfront fee to “get” a loan approved
- Check the total cost (APR) and all fees in the KFS
- Pay EMIs on time — late payments lower your CIBIL score