Loan Singh

Loan Singh  Personal Loan

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Apply Loan Singh  Personal Loan

Loan Singh Personal Loan

Loan Singh is the intellectual property of Seynse Technologies Pvt Ltd. Airtel has partnered with Seynse Technologies for the Airtel Online Store. Loan Singh is a digital platform through which you can avail a personal online.

The whole purpose of creating this product was to give easy access to Personal Loans for salaried individuals and professionals who are creditworthy and are eligible for such finance. They have a Personal Loan for all the requirements like the purchase of consumer durables, for travel, for medical expenses, for shopping, for buying a vehicle or even to celebrate a special festival with grandeur.

Loan Singh Personal Loan Interest Rate Oct-2019

Interest rate

16 %

Loan tenure

3 Years

Loan turn around period

1-7 Days

Processing Charges

3% of loan sanctioned + Taxes

Who can apply?

Self-employed professionals

Salaried individuals

Indian residents

Dishonour Charges

 500 per instance

Lowest EMI

 3,516  Per Lakh

What is a Personal Loan?

It is an all-purpose loan, which is given without any security. The end-use of the loan is as per your desire. You can utilise it the way you want. It could be for buying a high-end gadget or for just planning a getaway to a nice holiday resort, for planning a wedding, for meeting the education expenses, for giving your house a facelift, to meet medical emergencies, or just splurge the money. Once the loan is disbursed, the end-use will not be questioned. The only concern after the disbursement for the lenders will be the regular repayment.

With the whole process being done digitally, it has become easier to avail a Personal Loan. Several digital platforms are available in the market for availing a Personal Loan. There are no long waits, repeated follow-ups and multiple visits to the lender. Everything can happen at the comfort of the home or the workplace. All you have to do is to apply for the loan online, upload the documents required. On verification of the documents and information provided, the approval will be granted and the amount will be credited to your bank account.

Loan Singh is one such digital platform through which you can apply for a Personal Loan. All you need will be access to their website, a few documents, and a bank account.  Within no time you will get the approval online and the amount will be credited to your bank account.

Features of Loan Singh Personal Loan

The following are the features of Loan Singh Personal Loan:

  • Purpose: The Personal Loan can be used for just about anything. There is no limitation on the way the loan is put to use. You can utilise the loan for the purchase of a high-end gadget, for the purchase of a vehicle, for consolidation of high-cost loans, for education expenses, for medical emergencies, for travel, for wedding expenses, and so on.
  • Quantum: The minimum quantum is 50,000 and the maximum quantum is 10 Lakhs
  • Interest: Interest is charged in the range of 16% to 28%, depending on the loan quantum, tenure, the customer's profile, and Seynse Score.
  • Security: This Personal Loan does not require any security. It is an unsecured loan.
  • Repayment: The loan can be repaid within 3 months to 3 years
  • Processing charges: Processing charges at 3% of the loan amount plus applicable taxes will be collected at the time of applying for a loan.
  • Pre-closure charges: Nil

Benefits of Loan Singh Personal Loan

The following are the benefits of Loan Singh Personal Loan:

  • You can get a loan through Loan Singh in as less as 8 hours
  • You can avail a loan for an EMI as low as 2,000
  • You need only 3 documents to avail a loan from Loan Singh
  • Long waits and repeated visits and follow-ups for a loan can be avoided by availing a Personal Loan through Loan Singh. Now you can avail a Personal Loan at the comfort of your home or your workplace.
  • The online process of applying for a Personal Loan through Loan Singh takes only 5 minutes
  • Nominal processing charges collected
  • Competitive rate of interest that varies with the loan amount, loan tenure and the credit profile of the applicant.
  • Even an individual with low credit score or no credit score can avail a loan through Loan Singh

Eligibility Criteria for Loan Singh Personal Loan

The following are the eligibility criteria for Loan Sing Personal Loan:

  • The applicant should be in the age group between 21 years to 57 years
  • The applicant should be a salaried individual with the salary being credited to a bank account
  • The minimum income required is 20,000 per month
  • The applicant should be residing in either a rented house or own house. The loan is not available to those who reside in a Paying Guest accommodation.
  • The applicant should have a PAN Card and Aadhaar Card
  • The applicant should have a good credit score

Documents Required for Loan Singh Personal Loan

The following documents are required to avail a Personal Loan from Loan Singh:

  • Proof of salary credit by way of bank statement for the last 6 months (in PDF format)
  • Valid address proof
  • PAN Card
  • Aadhaar Card

How to Apply for Loan Singh Personal Loan?

You have to follow some simple steps to apply for Loan Singh Personal Loan:

  • To begin with, visit the official website www.loansingh.com
  • Fill in a simple application for a Personal Loan available on the website and place a request for an amount ranging from 50,000 to 10 Lakhs.
  • You can log in via any social media like Facebook, LinkedIn, Google, etc., so that more information about is available and you will have to upload only 3 documents.
  • A lender suitable for your requirement will be matched and the loan given at the most competitive interest rate with no hidden cost.
  • Once the loan documents are signed, the funds will get transferred to your bank account

How to Calculate EMI for Loan Singh Personal Loan?

Before applying for the loan, consolidate all your commitments and see what will be left to accommodate the proposed equated monthly instalment (EMI). If the loan amount thus arrived is adequate for the purpose you need it then go ahead. It is not worthwhile to avail the loan if it is not adequate for the purpose you are borrowing.

The formula to calculate EMI is:

E = P x r x (1+r)n/(1+r)n-1

Here,

'E' is the EMI
'P' represents the principal amount
'r' stands for the interest rate offered on a monthly basis
'n' is the duration of the loan

To make the process simple and instant, MyMoneyMantra provides an easy-to-use online EMI Calculator to you. The tool is free to use. You just need to enter a few details like loan quantum, tenure, and, interest rate, and press 'Calculate' button.

Loan Singh Personal Loan - Processing Charges and other Fees

The following are the processing charges and other fees for Loan Singh Personal Loan.

  • Processing fee is 3% of the loan amount plus applicable taxes. Loan Singh does not approve of or encourage the charges stipulated by their channel partners or other agencies.
  • There are charges for delay in payment of EMI and it depends on the EMI amount and the period of delay.
  • There are no pre-closure charges
  • The interest charged ranges from 16% to 28%

Other Products Offered by Loan Singh

There is a loan product for every purpose. Loan Singh also offers the following loans apart from Personal Loan:

  • Wedding Loan
  • Holiday Loan
  • Shopping Loan
  • Medical Loan
  • Used Car Loan

Loan Singh Personal Loan - Customer Care Number

Loan Singh can be contacted at the following number for any queries regarding the Personal Loan:

1800 84 35353

Frequently Asked Questions

What is Loan Singh?

Loan Singh is an intellectual product of Seynse Technologies Pvt Ltd and facilitates availing of a Personal Loan through a digital platform. This digital platform aims at facilitating Personal Loans for salaried individuals who are unable to get a Personal Loan at banks/financial institutions due to a low credit score.

How safe is the personal information provided on the Loan Singh website?

Loan Singh maintains a high standard of security throughout the process of applying for a loan online. They ensure that the information shared on the website is kept confidential.

What are the benefits of applying for a loan through Loan Singh?

The benefits of applying for a loan through Loan Singh are:

  • A hassle-free and simple process of applying for the loan online which takes just 5 minutes
  • You can apply for the loan from the comfort of your home or workplace
  • The loan will be approved and credited into your bank account in less than 8 hours
  • Minimal documentation required. You require only 3 documents to apply for the loan if you log in through any of the social media sites.

Who can apply for a loan through Loan Singh?

To apply for a loan through Loan Singh, the applicant:

  • Should be in the age group between 21 years to 57 years.
  • Should be a salaried individual. Self-employed individuals/professionals are not eligible for a loan through Loan Singh.
  • Should be drawing a minimum salary of 20,000, which should be credited to the bank account.
  • Proof of credit of salary to a bank account for a minimum of 6 months should be available by way of a bank statement.
  • Should be residing in an own house or rented house. Individuals staying in PG accommodation are not eligible for the loan.
  • Should have a PAN Card and Aaadhar Card

What are the factors that determine the eligible quantum of loan vis-ŕ-vis salary?

The following factors determine the eligible quantum of loan:

  • The monthly salary drawn
  • The existing commitments and the EMIs being paid as per the credit history
  • Past loan history
  • The availability of surplus amount after providing for earlier commitments will decide the quantum of the loan.

What is the quantum of loan provided by Loan Singh?

The quantum of loan provided is between 50,000 to 10 Lakhs

What is the tenure stipulated for Loan Singh Personal Loan?

The tenure stipulated will be in the range of 3 months to 3 years.

What is the credit score required to avail loan through Loan Singh?

Loan Singh has partnered with various lenders. Each lender will have a different credit score requirement. Loan Singh will match you with the lender who will suit your requirement and profile. Even applicants with a low score or no score can manage to get a loan through Loan Singh.

What is the turnaround time for a loan sanction through Loan Singh?

The loan approval will be communicated to you instantly soon after the completion of the online application. The Personal Loan agreement will be sent to the registered email ID. Once the signed copy of the agreement and the online auto-debit (NACH) mandate is submitted, the loan proceeds will be credited within 24 hours.

Is a Corporate E-mail ID mandatory to avail Loan Singh Personal Loan?

Corporate Email ID is required to verify the employment status of the applicant, which will enable obtaining a better rate of interest. In the absence of a corporate email ID, the employment status verification can be by way of an email to Loan Singh on hello@loansingh.com by the HR department of the company.

Is an applicant permitted to apply for a loan again if the loan application is rejected?

If the reason for which the loan application had been rejected has been set right, the applicant can reapply for the loan after 6 months from the date of the first instance.

Can a salaried individual apply for a loan with Loan Singh if they have an existing loan with another bank/financial institution?

Yes, an individual can apply for a loan with Loan Singh even if they have an existing loan with another bank/financial institution provided the eligibility criteria stipulated by Loan Singh are complied with.

How to apply for Loan Singh Personal Loan? You have to follow some simple steps to apply for Loan Singh Personal Loan.

  • To begin with, visit the official website www.loansingh.com
  • Fill in a simple application for a Personal Loan available on the website and place a request for an amount ranging from 50,000 to 10 Lakhs.
  • You can log in via any social media like Facebook, LinkedIn, Google, etc., so that more information about is available and you will have to upload only 3 documents.
  • A lender suitable for your requirement will be matched and the loan given at the most competitive interest rate with no hidden cost.
  • Once the loan documents are signed, the money will get transferred to your bank account

What is the method to upload the bank statements on the website of Loan Singh?

There are three options for uploading bank statements. They are:

  • If you are provided by e-statements from your bank, you can just enter the log in credentials of your email and Loan Singh will pull out the latest 6 months bank statement from there.
  • If you select your bank and give your log in credentials for net banking, Loan Singh will pull out the latest 6 months statements from there. You can be rest assured that the information will be secure and safe with Loan Singh as the website of Loan Singh is SSL certified.
  • Download 6 months bank statement either from net banking or email and save it on the desktop of your computer. Then choose the option to upload the documents and upload the bank statement in PDF format.

Define a NACH Mandate?

NACH Mandate, i.e., National Automated Clearing House, is an online auto-debit option. By signing a NACH Mandate, you authorise Loan Singh to deduct the EMI directly from your bank account on the due date.

Is there any arrangement available to pick up the documents?

No there is no doorstep pick up of documents arrangement with Loan Singh. You will have to upload a soft copy of the documents on their portal by using the option to upload documents or email them a copy of the bank statement on the email id hello@loansingh.com.

What is the basis to set the EMI date by Loan Singh?

A uniform date is fixed for paying the EMI irrespective of the date of availing the loan. The EMI date is the 5th of every month.

Can the loan availed at Loan Singh be prepaid?

Yes, the loan can be prepaid without any pre-closure charges.

How safe is the bank account details provided to Loan Singh?

The highest standards of confidentiality and safety are maintained by Loan Singh. Under any circumstances, the bank account details will not be shared with any third party. Hence there are no chances of misuse of the bank details provided to them.

What is the mode of repayment of Loan Singh Personal Loan?

You can log in to the official website of Loan Singh and make repayments by choosing the repay option.

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