Are you looking for a 100k loan in India (₹1 Lakh loan) for personal, medical, or emergency needs? Whether you need urgent funds or are planning a major purchase, getting a ₹1,00,000 personal loan is easier than ever with digital lenders, banks, and NBFCs offering hassle-free processes. ✅ How to Get a 100k Loan in India: Quick Guide for Instant Approval
In this guide, we’ll walk you through the eligibility, documentation, interest rates, and the best lenders for 100k loans in India.
📌 What is a 100k Loan in India?
A 100k loan in India refers to a ₹1,00,000 loan (1 Lakh rupees) borrowed from a bank, NBFC, or online lender. These are usually unsecured loans, meaning you don’t need to pledge collateral.
Such loans are commonly taken for:
- Medical emergencies
- Wedding expenses
- Travel or vacation
- Education
- Home renovation
- Debt consolidation
📝 Eligibility for ₹1 Lakh Personal Loan
Before applying, check if you meet the eligibility criteria:
- Age: 21–60 years
- Employment: Salaried or self-employed
- Monthly income: ₹15,000 and above (may vary by lender)
- Credit score: Preferably 700+ for quick approval
📖 Related: How to Improve Your CIBIL Score Quickly
📂 Documents Required for 100k Loan in India
Most lenders require minimal paperwork:
- PAN card
- Aadhaar card / Address proof
- Income proof (salary slips or bank statements)
- Passport-size photo
Many fintech platforms allow paperless verification through Aadhaar-based eKYC.
💰 Interest Rates & Charges
| Lender Type | Interest Rate | Processing Fee |
|---|---|---|
| Banks | 10.99% – 16% p.a. | 1% – 2.5% of loan amount |
| NBFCs / Fintechs | 11% – 30% p.a. | ₹500 – ₹2000 or more |
Note: Interest rates depend on your credit profile and repayment capacity.
🏦 Best Lenders Offering ₹1 Lakh Loan in India (2025)
Here are some trusted lenders where you can get a ₹1 lakh loan online:
- HDFC Bank Personal Loan
- Bajaj Finserv
- MoneyTap (app-based credit line)
- KreditBee – Good for new borrowers
- PaySense – Flexible EMIs
- EarlySalary – Ideal for salaried professionals
- ZestMoney – EMI loans for shopping
👉 Compare multiple offers using loan aggregator platforms like BankBazaar or Paisabazaar.
🧮 EMI Calculation for ₹1 Lakh Loan
Assuming a loan tenure of 12 months at 13% p.a. interest:
- EMI ≈ ₹8,938
- Total repayment ≈ ₹1,07,256
📌 Use our EMI Calculator to get accurate numbers.
⚡ Tips to Get Fast Loan Approval
- Maintain a good credit score
- Apply through trusted digital lenders
- Avoid applying with multiple lenders at once
- Choose shorter tenure for faster approval
- Upload correct documents during application
🕐 How Long Does It Take to Get the Loan?
- Online lenders: Within 24–48 hours
- Banks/NBFCs: 2–5 working days
Some instant loan apps approve and disburse loans within minutes.
📱 Related: Top 5 Instant Loan Apps in India (2025)
🔗 Internal Links You Can Add
- How to Choose the Best Personal Loan Lender in India
- Credit Score for Personal Loan: Everything You Need to Know
- Personal Loan vs Credit Card Loan – Which is Better?
- Loan Eligibility Calculator
- Top Banks Offering Lowest Interest Rate on Personal Loans
🏁 Final Thoughts
Getting a 100k loan in India is simple if you have a steady income and a good credit profile. With dozens of digital platforms available, you can get your ₹1 lakh loan approved instantly with minimal effort.
Before you apply, compare interest rates, calculate EMIs, and choose a lender that fits your needs. Always read the terms and conditions before signing.
Tags:
100k loan India, 1 lakh loan online, personal loan 1 lakh, instant loan ₹100000, apply ₹1 lakh loan India, best loan apps India