Loanwalle Personal Loan
With Loanwalle, compare and apply for personalised loan offers from India's top lenders. Get instant approvals with minimal paperwork and best interest rates. You can get personal loans up to ₹3 Lakhs at an attractive interest rate starting from 2.9166% per month for a flexible tenure of 1 to 3 years. Loans are available for both salaried and self-employed persons.
Loanwalle Personal Loan Details
Below are the main details of Loan Walle personal loans:
| Loan amount | ₹10,000 - ₹3,00,000 |
| Interest Rate | Starting from 2.9166% per month |
| Tenure | 1 - 3 years |
| Processing Fee | 0.5% - 2% of the loan amount + GST |
| Min Monthly Income | ₹30,000 |
Features & Benefits of Loanwalle Loan
Below are the key features and benefits of the Loanwalle loan:
- Borrow loans up to ₹3 Lakhs for any purpose.
- Quick eligibility decision and instant approval.
- Low interest rate starting from 2.9166% per month.
- Flexible repayment within 1 to 3 years through EMIs that fit your budget.
- Loans available for salaried as well as self-employed individuals.
Loanwalle Personal Loan Interest Rates & Charges
The interest rate and charges associated with Loanwalle personal loans are mentioned below:
- Interest rate: Starting from 2.9166% per month.
- APR: 35% (fixed).
- Processing fee: 0.5% - 2% of the loan amount + GST.
Compare Loanwalle App with Other Loan Apps
Below is the comparison table for the Loanwalle app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Loanwalle | 2.91% per month onwards | ₹10,000 - ₹3 Lakh | 12 to 36 Months |
| Squid Loan | 0.9% per day onwards | ₹5,000 - ₹1 Lakh | 7 to 365 Days |
| LoanPey | 2% - 2.72% per month | ₹5,000 - ₹1 Lakh | 3 to 12 Months |
| Creditt+ | 0.3% - 0.6% per day | ₹8,000 - ₹35,000 | Up to 3 Months |
| Click My Loan | 12.00% - 28.5% p.a. | ₹6,000 - ₹10 Lakh | 6 to 60 Months |
| TrustPaisa | 18.25% p.a. onwards | ₹2,500 to ₹45,000 | 3 to 6 Months |
| RING | 3.8% p.m. onwards | ₹5,000 - ₹5 Lakh | 3 to 36 Months |
| Upwards | 16.00% – 36.00% p.a. | ₹25,000 – ₹5 Lakh | 6 to 36 Months |
| FLot Loan | 2% p.m. onwards | ₹1,000 – ₹99,000 | 3 to 12 Months |
| Jupiter Money | 1.33% p.m. onwards | Up to ₹5 Lakh | 3 to 24 Months |
Loanwalle Personal Loan Eligibility Criteria
To be eligible for a personal loan, you must:
- Be an Indian citizen
- Be aged between 21-65 years
- Be salaried with a minimum of 3 months of employment
- Be self-employed with a minimum of 2 years of business continuity
- Have a minimum monthly income of ₹30,000.
Documents Required for Loanwalle Personal Loan
The basic documents required for a Loanwalle personal loan include:
- PAN Card
- Aadhaar Card
- Income proof, such as Salary Slips or Income Tax Return
- Bank Statements for the last 3-6 months
- Passport-size photographs
- Self-employed individuals may need additional documents such as business proof and financial statements
Steps to Apply for Loanwalle Loan Online
Here are the easy steps to apply for a LoanWalle personal loan online:
- Visit the LoanWalle web portal or download their application.
- Register using your mobile number and some basic details.
- Complete the online approval form by mentioning the required personal and employment data.
- Upload digital copies of your PAN Card, Aadhaar Card, Salary Slips, and Bank Statements for income proof.
- Wait for the quick digital verification and decision.
- Receive the approved loan amount directly to your bank account on approval.
Loanwalle Customer Care Details
Below are the contact details for Loanwalle customer care:
- Contact number: +91 74281 97788
- Email: info@loanwalle.com
FAQs
The interest rate for a Loanwalle Personal Loan starts from 2.9166% per month.
The maximum loan amount offered by Loanwalle is up to ₹3 Lakhs.
The repayment tenure for a Loanwalle Personal Loan ranges from 1 to 3 years.
Loanwalle personal loan approval takes 15 minutes to 2 hours, depending on the applicant’s eligibility.
Yes, you can get a Loanwalle Personal Loan with a low credit score because it considers other factors for the eligibility check, like income stability and repayment capacity.
Yes, Loanwalle Personal Loan is generally safe and trustworthy.
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.