Jupiter Loan
Jupiter Money offers instant personal loans of up to ₹5 Lakhs for all your personal needs, including the purchase of a gadget/ used car/ consumer durables/ two-wheeler, medical expenses, travel, marriage, debt consolidation, home renovation, etc. The interest rate starts from just 1.33% p.m. onwards, and the borrowed amount can be repaid in up to 24 EMIs.
Jupiter Money Loan Details
Below are the key details of the Jupiter loan:
| Loan Amount | Up to ₹5,00,000 |
|---|---|
| Interest Rate | Starting at 1.33% per month |
| Repayment Tenure | 3 to 24 months |
| Processing Fee | 0.50% – 4% of the loan amount |
| Age Eligibility | 23 to 60 years |
Features & Benefits of Jupiter Loan
Below are the key features and benefits of Jupiter Money Loan:
- Instant personal loans up to ₹5 Lakhs.
- Repayment can be made in up to 24 EMIs.
- Applying for a loan on Jupiter takes less than 2 minutes.
- No paperwork required.
- No spam calls.
- 100% digital process to borrow, manage, and repay your loan through Jupiter.
- No hidden charges, as all charges can be checked on Jupiter.
- Get EMI payment reminders before your loan EMI is due.
- 24x7 support to talk to a support agent to resolve any query.
- Apart from a Personal Loan, Jupiter also offers a Mini Loan and a Loan Against Mutual Funds.
Jupiter Loan Interest Rates & Charges
Below are the details of Jupiter loan interest rates and charges:
- Interest rate for Personal Loan: Starts at 1.33% p.a.
- Interest rate for Mini Loan: 0% (if repaid in 45 days).
- Loans against Mutual Funds: Starts at 10.5% p.a.
- Processing fees: 0.50% to 4% of the sanctioned loan amount.
- Late payment/ auto-recovery failure charges: ₹200 for each return (first return in a month).
Compare Jupiter Money with Other Lenders
Below is the comparison of the Jupiter Money loan with other lenders:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Jupiter Money | 1.33% p.m. onwards | Up to ₹5 Lakh | 3 to 24 Months |
| Airtel Finance | 12.75% p.a. onwards | ₹10,000 – ₹9 Lakh | 3 to 60 Months |
| Upwards | 16% – 36% p.a. | ₹25,000 – ₹5 Lakh | 6 to 36 Months |
| Branch Loan | 2% – 4% p.m. | ₹500 – ₹5 Lakh | 3 to 12 Months |
| TrueBalance | 2.4% p.m. onwards | ₹5,000 – ₹2 Lakh | 6 to 12 Months |
| PayRupik | Up to 36% p.a. | ₹1,000 – ₹1 Lakh | 3 to 12 Months |
| Speedo Loan | Up to 1% per day | ₹5,000 – ₹1 Lakh | Up to 12 Months |
| FLot Loan | 2% p.m. onwards | ₹1,000 – ₹99,000 | 3 to 12 Months |
| Anytime Rupee | 0.1% to 1% per day | ₹2,000 – ₹30,000 | 2 to 3 Months |
| Pocketly | 2.5% – 3% p.m. | ₹1,000 – ₹25,000 | 3 to 6 Months |
Eligibility Criteria for Jupiter Money Loan
The eligibility criteria for the Jupiter loan are mentioned below:
- Nationality: Indian resident.
- Age: 23 to 60 years.
- Profile: Salaried, Business Owner, Self-Employed Professional.
- Credit score of 680 or higher.
Documents Required for Jupiter Loan
When applying for the Jupiter loan, gather the following documents and details:
- PAN Card
- Aadhaar Card
- Mobile Number (linked to your Aadhaar and PAN)
- Bank Account details
- A recent selfie taken with your mobile camera for identity verification
Steps to Apply for Jupiter Loan Online
Follow these steps to apply for a Jupiter loan online:
- Check your Jupiter loan eligibility.
- Select your preferred loan option.
- Confirm the personal loan details.
- Get funds instantly disbursed into your account.
Jupiter Money Customer Care Details
Here are the customer care details of Jupiter Money loan:
- Customer Support Number: +91 8655055086
- Availability:
- Monday to Friday: 9:00 AM – 7:00 PM
- Saturdays & Holidays: 10:00 AM – 7:00 PM
FAQs
The interest rate for Jupiter Loans starts from 1.33% per month onwards.
The maximum loan amount offered by Jupiter Money is ₹5 Lakhs.
The minimum salary requirement for a Jupiter loan is not mentioned on their website. You may call on +91 8655055086 to resolve your queries.
Yes, self-employed individuals can also apply for a Jupiter Loan.
The age limit for Jupiter Loan applicants is 23 to 60 years.
Yes, you can get a Jupiter loan without traditional income proof (such as salary slips) if you are an existing user of Jupiter and have a strong credit score or if you are applying for an Advance Salary Loan. This is because Jupiter leverages borrowers’ digital bank statements and app behaviour to assess their creditworthiness.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.