Easiest Personal Loans To Get Now
Looking for easy and fast access to a personal loan? Check out our guide to the top personal loans that are easy to qualify for, with minimal documentation and quick approval times!

Five Easy Loans To Get
1. Salary-Linked Personal Loans
Salary-linked personal loans are the most accessible types of personal loans in India. It is an easy personal loan available to salaried individuals with good credit scores.
Lenders determine the loan amount based on the borrower's salary. They deduct monthly installments from the borrower's salary as repayment. The interest rates for salary-linked personal loans are usually lower than those for other personal loans.
2. Loans Against Fixed Deposits
Another way to avail of an easy personal loan in India is by taking a loan against a fixed deposit. If you have a fixed deposit in a bank, you can get a loan against it at a lower interest rate than a regular personal loan.
The loan amount can range from 70% to 90% of the deposit amount. The repayment period for these loans is the same as the fixed deposit tenure. These loans are easy to get as the bank already has your FD as collateral.
3. Loans Against Life Insurance Policies
You can also use life insurance policies as collateral for a personal loan. The loan amount can be up to 90% of the policy's surrender value. These loans usually have lower interest rates than regular personal loans, and the repayment period can be up to the policy's maturity date. These loans are easy to get as the policy already acts as collateral.4. Loans Against Mutual Funds
You can also leverage mutual funds to get a personal loan. The loan amount can be up to 50% of the mutual fund's net asset value (NAV). The repayment period for these loans is usually up to three years. The interest rates for these loans are usually lower than regular personal loans. They are easy to get as the mutual fund already acts as collateral.5. Credit Card Loans
These loans are another easy way to get a personal loan in India. If you have a credit card, you can get a loan against it. The loan amount can be up to the credit limit of the card. These loans are unsecured and have higher interest rates than other personal loans. The repayment period for these loans is up to three years.Tips For Getting Approved For A Personal Loan
Keep the following things in mind while availing of an easy online loan.• Check Your Credit Score:
Check your credit score before applying for a personal loan. A good credit score can increase your chances of loan approval. Improve your credit score before applying for a loan if your credit score is low.• Compare Loan Offers:
Before applying for a personal loan, compare loan offers from different banks and financial institutions. Look for the interest rates, repayment period, and other terms and conditions of the loan. Choose the loan that best suits your needs.• Provide Accurate Information:
When applying for a personal loan, provide accurate information. Ensure all the details you provide are correct, including your personal and financial information. Any inconsistent or correct information can lead to loan application rejection.• Keep Documents Ready:
Prepare all the documents required for a personal loan. These may include your ID proof, address proof, income proof, and bank statements. Having these documents ready can speed up the loan approval process.• Include A Co-Applicant:
Having a co-applicant, such as a spouse or family member, can increase your chances of being approved.Avail Of A Personal Loan With IIFL Finance.
We offer a range of personal loan products. The loan application is straightforward, and the disbursal is quick. You can get an easy personal loan with us at competitive interest rates, flexible repayment options, and a supportive customer service team. If you need a personal loan, consider applying for IIFL Finance and experience the benefits of responsible borrowing.Frequently Asked Questions
Q.1: What are easy online loan options in India?
Ans: Easy online loan options include the following.
• Salary-linked personal loan
• Loan against fixed deposits/insurance policies/mutual funds
• Credit Card loans
Q.2: What are the required documents for an easy personal loan?
Ans: The document requirements change depending on the lender. However, a few standard documents include the following.
• Identity proof: PAN card, Aadhaar card, passport, or driving license
• Address proof: Aadhaar card, passport, driving license, bank statement, or utility bill
• Income proof: Salary slip, Form 16, bank statement, or ITR
• Signature proof: PAN card or passport
• Loan application form: You can get it from the lender or download it online.