Interest Rate

Personal loan Interest rates start at about 10.50 %. It can vary based on the customer profile. Individuals with good credit history are likely to get personal loan at lower interest rates.

Personal Loan Interest Rate	Banks	NBFCs	Private
ROI (Monthly Reducing)	10.0 - 22.0 %	10.5 - 36.0 %	22.0 - 45.0 %

How to apply for a Personal Loan @Livanity:

1. Fill the eligibility form:

The customer needs to fill in the eligibility form which includes details such as Full Name (As per PAN Card), Email Address, Current Residence pincode, employment Type, current company name, monthly in-hand salary, mobile Number, age, income, employment stability, and credit score of various lenders to ensure that you meet their requirements.

2. Select from the multiple offers:

Based on the information provided by customer in "Eligibility Form", lender provide a list of offers. Out of the list, select the lender you wish to go ahead with. Please remember to consider the following points when choosing the lender:

• Interest rate offered
• Loan amount
• Loan Tenure
• EMI

3. Apply for the loan:

After sharing detailed information about your personal details and bank details, submission of your loan application is successfully completed.

Once you submit your application, our representative will contact you to cross verify the details before sending the application to the respective lender.



Documents Required for Personal Loan

The common documents required for an online personal loan approval are given below:

*For Salaried Individuals:

• Identity & Age Proof
• Completely filled personal loan application with photograph
• PAN Card
• Residence proof - Passport driving licence, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
• Bank statements for the last 3 months(preferably your salary account)
• Salary Slips of last 3 months
• Form 16 or Income Tax Returns of last 3 years

*For Self-Employed Individuals

• Identity & Age Proof
• Completely filled personal loan application with photograph
• PAN Card
• Residence proof - Passport driving license, Voter ID, postpaid/landline bill, utility bills (electricity/water/gas)
• Bank statements for the last 3 months(preferably your salary account)
• Salary Slips of last 3 months
• Last 3 years Income Tax Returns with computation of Income
• Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Personal Loan Eligibility

Personal loans are provided by most of the banks/NBFCs but with different eligibility requirements. However, there are certain criteria that are common for all financial institutions. The eligibility criteria for salaried and self-employed individuals are:


Age	18/21 years - 60/65 years
Employment Type	Salaried/ Self-Employed professionals
Credit score	750 or above with a good credit history
Minimum Net Income (Monthly)	15,000(non-metro cities) / 20,000 (metro cities)
Loan Amount	Up to 50 lacs depending on the credit profile
Work Experience	For Salaried person: at current company for at least 6/12 months For Self-Employed person: Business tenure of at least 3 years (continuous) with ITR of last 3 year

Example that represent the EMI against Loan amount

For Rs 5 lakh personal loan, the EMI for,

• 1-year loan tenure at an 11.99% rate of interest per annum is Rs 44,442,
• 2-year tenure is Rs 23,534,
• 3-year tenure is Rs 16,605,
• 4-year tenure is Rs 13,164 and
• 5-year tenure is Rs 11,120.

*Disclaimer: These are approximate EMI calculations, actual numbers may vary.

Personal Loan EMI Calculator

Calculate an EMI and check whether it fits in your monthly budget or not. A loan calculator helps you get the following results:

• Monthly Repayments - EMI you will be paying every month
• Total interest payable - Total interest on your loan
• Total amount to pay - The total amount which is a sum of principal and interest

Personal Loan Details


Interest Rates	10.75% - 35%
Processing Fee	Differs from bank to bank; generally ranges between 1-3% of the loan amount
Loan Tenure	12 months to 60 months
Loan Amount	15000 - 50 lakhs
Lock-in period	Varies from lender to lender
Pre-closure Charges	Differs; Generally between 2%-5% of the loan outstanding
Guarantor Required	Varies on different conditions

Why choose Livanity for Personal Loan?

Livanity is a one-stop solution for all your financial needs. Here, we try to provide you best services that are hassle-free and quick in nature. For personal loans, we provide you a comparative analysis of what different banks are offering. We also assist you in your final decision.

Here are a few reasons for you to apply for a personal loan at Livanity:

Fast assistance: At Livanity, you can contact us at any official working hours of the day. Moreover, the process for personal loan approval is fast and quick in nature.

Customer needs in forefront: Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking the personal loan offers based on customer profile, we try to give you the most personalized experience.

Compare Offers Online: With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.

Real-time customer support: Our customer support team is fast and efficient to clear all your doubts regarding personal loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.