EMI for a ₹20,000 loan
| Tenure | 16% a year | 24% a year | 36% a year |
|---|---|---|---|
| 6 months | ₹3,491 | ₹3,571 | ₹3,692 |
| 12 months | ₹1,815 | ₹1,891 | ₹2,009 |
| 18 months | ₹1,257 | ₹1,334 | ₹1,454 |
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 ₹20,000 loan for
- Medical treatment
- Home repairs
- College or exam fees
- A family function
Who can get a ₹20,000 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 ₹20,000 loan on Finriseo
- Enter your mobile number and verify it with an OTP
- Choose ₹20,000 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