Instant Personal Loans
up to 10 Lacs
Personal goals to business projects – every financial need, one platform.
Why Choose VITTUS
Experience the fastest and most convenient way to get personal loans in India
Instant Loan Matching
Get matched with the right lenders instantly based on your profile.
No Hidden Charges. Ever
Transparent pricing with zero surprises at any stage.
Instant Loan Matching
Get matched with the right lenders instantly based on your profile.
Compare Before You Borrow
Explore multiple loan options to choose what works best for you.
Better Rates, Better Choices
Access competitive interest rates with flexible loan options.
Get Your Personal Loan in 4 Simple Steps
Our streamlined process ensures quick access to business funding
Personal Loan FAQ's
Find answers to common questions about our loan products and processes
Who is eligible for a personal loan through LoanVittus?
You are generally eligible if you are: a salaried individual with a regular income, or a self-employed professional with documented income. Common requirements include: age between 21–60 years, minimum monthly income (varies by lender, typically ₹15,000–25,000 for salaried), satisfactory credit score (generally 700+ for competitive rates), and at least 6–12 months in current employment or 2+ years in business (for self-employed). Specific criteria vary by lender. LoanVittus checks your eligibility and identifies suitable options.
How much personal loan can I get?
Personal loan amounts typically range from ₹10,000 to ₹25 Lakh, depending on your income, credit score, existing EMI obligations, and the lender’s policy. Some lenders may offer higher amounts for premium profiles. LoanVittus assesses your profile and provides an estimated eligibility range.
What documents are needed for a personal loan?
Typically: PAN card and Aadhaar card, last 3–6 months’ salary slips (for salaried), last 6–12 months’ bank statements, Form 16 or ITR for the last 1–2 years, and employment proof (offer letter or ID card). Self-employed applicants may additionally need business registration and audited financials. Requirements vary by lender.
Is collateral required for a personal loan?
No. Personal loans are unsecured loans — no collateral, property, or guarantor is typically required. Approval is based on your income, credit score, and repayment capacity.
What interest rates apply to personal loans?
Personal loan interest rates in the market generally range from 10% to 24% p.a. depending on your credit profile, income level, loan amount, and the lender. A higher credit score and stable income typically get you a lower rate. LoanVittus does not determine the rate — this is set by the lending institution.
How quickly can I get a personal loan?
Most personal loans are processed within 2 to 7 working days from application, subject to document verification and lender processing. Some digital lenders offer same-day or next-day disbursement for pre-approved profiles. LoanVittus helps ensure your application is complete so there are no delays.
What is the typical processing fee?
Processing fees generally range from 1% to 3% of the loan amount, varying by lender. Some lenders may waive processing fees during promotional periods. Always check the total cost of the loan including fees before accepting an offer.
Can I prepay or foreclose a personal loan?
Yes. Most lenders allow prepayment or foreclosure. For floating-rate personal loans, RBI guidelines prohibit foreclosure charges for individual borrowers. For fixed-rate loans, a foreclosure fee of 2–5% of outstanding principal may apply. Check your loan agreement for specific terms.
What happens if I miss an EMI?
Missing an EMI can lead to: penal interest charges (typically 1–2% per month on the overdue amount), a negative impact on your credit score (which is reported to credit bureaus like CIBIL), and if payments remain overdue beyond 90 days, the account may be classified as NPA (Non-Performing Asset), severely impacting future borrowing. We strongly recommend setting up auto-debit or maintaining a repayment buffer.
What credit score do I need?
While there is no universal minimum, most lenders prefer a CIBIL score of 700 or above for personal loans at competitive interest rates. Some lenders may consider applicants with scores between 650–700 at higher interest rates. A score below 650 significantly reduces approval chances for personal loans. LoanVittus helps you understand where you stand and what you can improve.
Can LoanVittus help if I have a low credit score?
We can assess your profile and suggest steps to improve your eligibility — such as clearing outstanding dues, reducing existing EMI burden, or waiting for negative remarks to age out. For some cases, we may identify lenders or products that have more flexible credit score requirements. However, we cannot guarantee approval for low-score profiles.
Get Instant Personal Loan From VITTUS
Take the first step towards your business goals. Apply for a loan today and experience the VITTUS difference.