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Unlock Instant Personal Loans for Your Needs

Access quick funds for home renovations, medical bills, or education. Apply now for a hassle-free experience with low-interest rates and fast approval!

Quick approval within 24 hours

Minimal documentation required

Competitive interest rates

*No hidden fees, terms and conditions apply

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Personal Loan Overview

A personal loan is an unsecured loan that provides you with funds for various personal expenses, from home renovations to medical emergencies, debt consolidation, or even a dream vacation.

At Cheema Capital, we offer personal loans with competitive interest rates, flexible repayment options, and minimal documentation requirements to ensure a hassle-free borrowing experience.

Loan Amount

₹50,000 - ₹25,00,000

Interest Rate

Starting from 10.99% p.a.

Tenure

12 - 60 months

Processing Time

As quick as 24 hours

Features & Benefits

Quick Approval

Get your loan approved in as little as 24 hours with our streamlined application process.

Minimal Documentation

We require only essential documents to process your loan application quickly.

Flexible Tenure

Choose a repayment period that suits your financial situation, from 1 to 5 years.

No Collateral Required

Our personal loans are unsecured, meaning you don't need to pledge any assets.

High Loan Amount

Borrow up to ₹25 lakhs based on your eligibility and requirements.

Competitive Interest Rates

Enjoy attractive interest rates starting from just 10.99% per annum.

Eligibility Criteria

Age between 21 and 60 years
Indian citizen with valid ID proof
Salaried individuals with minimum monthly income of ₹20,000
Self-employed professionals with minimum annual income of ₹3 lakhs
Minimum 1 year of employment with current employer (for salaried)
Minimum 2 years of business continuity (for self-employed)
Good credit score (preferably 700+)

Required Documents

Identity Proof (Aadhaar Card, PAN Card, Voter ID, Passport, Driving License)
Address Proof (Aadhaar Card, Passport, Utility Bills, Rental Agreement)
Income Proof (Salary Slips for last 3 months, Form 16, ITR for last 2 years)
Bank Statements for the last 6 months
2 passport-sized photographs
Employment certificate or Business proof (as applicable)

Application Process

Fill the Application Form

Complete our simple online application form with your personal, professional, and financial details.
Document Submission

Upload the required documents for verification and processing.
Verification

Our team will verify your application details and documents.
Loan Approval

Upon successful verification, your loan will be approved.
Disbursement

The approved loan amount will be transferred directly to your bank account.

Frequently Asked Questions

What is the maximum loan amount I can get?

The maximum personal loan amount you can get is ₹25,00,000, depending on your income, credit score, repayment capacity, and other eligibility factors.

How long does it take to get the loan approved?

At Cheema Capital, we strive to provide quick approvals. Typically, personal loans are approved within 24-48 hours after complete document submission, and disbursement happens within 1-3 business days after approval.

Can I prepay my personal loan?

Yes, you can prepay your personal loan partially or fully. However, prepayment is usually allowed only after you have paid a certain number of EMIs (typically 6-12 months). A prepayment charge of 2-5% on the outstanding principal may apply.

What happens if I miss an EMI payment?

Missing an EMI payment can result in late payment charges, typically 2-3% of the EMI amount. It can also negatively impact your credit score. If you anticipate difficulty in paying an EMI, it's best to contact us in advance to discuss possible solutions.

Can I get a personal loan with a low credit score?

While a good credit score (700+) increases your chances of loan approval with better terms, we also consider other factors like income stability, employment history, and existing liabilities. If you have a low credit score, you might still be eligible, but possibly at a higher interest rate.