Pre Approved Personal Loan

Apply for a pre-approved personal loan up to Rs. 50 Lakhs online without any documents at competitive interest rate. The repayment can be done in tenure of up to 6 years. Get the pre approved personal loan without documents from top banks like HDFC, SBI, Bajaj Finserv, ICICI and IDFC FIRST. 


Pre-approved Loan Banks

Bank nameLoan amountInterest Rate
HDFC Personal LoanUp to Rs. 40 Lakhs10.75% p.a.
SBI Personal LoanUp to Rs. 20 Lakhs11.15% p.a.
Bajaj Finserv Personal LoanUp to Rs. 25 Lakhs11% p.a.
ICICI Personal LoanUp to Rs. 50 Lakhs10.80% p.a. 
IDFC FIRST Personal LoanUp to Rs. 40 Lakhs10.75% p.a. 

Top Banks Providing Pre Approved Personal Loan

Pre-approved personal loans are offered by many banks, NBFCs, and other lending institutions to their valuable customers who have an existing relationship with them. Some of the top banks that provide pre approved personal loans are HDFC, SBI, ICICI, Bajaj Finserv, and IDFC FIRST Bank. They offer pre-approved loans up to Rs. 25 Lakhs - Rs. 50 Lakhs at interest rates starting from 9.60% - 13% p.a. And processing fee up to 4%.

HDFC Pre-approved Loan

HDFC offers pre-approved personal loans up to Rs. 40 Lakhs for its select customers. Existing HDFC Bank customers can log in to their NetBanking account to check their eligibility for a pre-approved offer.

  • You can get a loan amount up to Rs. 40 Lakhs.
  • Personal loan Interest rates range between 10.50% to 21% p.a.
  • Processing fee is up to 2.50% of the loan amount sanctioned, subject to a maximum of Rs. 25,000.
  • Repayment tenure ranges from 12 months to 60 months.
  • Straight forward application practice with no paperwork.
  • Funds are disbursed online in just 10 seconds to your account.

SBI Bank Pre-approved Personal Loan

SBI pre-approved personal loan scheme is offered to select SBI customers. You can get up to Rs. 20 Lakhs loan amount with instant loan processing and disbursement in just 4 clicks.

  • Get an instant loan up to Rs. 20 Lakhs.
  • Interest rates for SBI PAPL (pre-approved personal loan) ranges from 9.60% to 12.60% p.a.
  • Processing fee is waived off from 15th August 2022 to 31st January 2023.
  • Repayment tenure varies between 6 months to 6 years.
  • The scheme is available 24*7 through the YONO app.
  • Pensioners can also avail of this loan.

Bajaj Finance Pre-approved Loan

Apply for Bajaj Finserv pre-approved personal loan and get the loan processed instantly. Existing customers just need to provide some basic contact details, share the OTP and check their eligibility in a few seconds. 

  • Get a loan amount up to Rs. 25 Lakhs to fund your needs immediately.
  • Interest rates start from 13% p.a. onwards
  • The processing fee charged is up to 4% of the loan amount plus applicable GST.
  • Tenure can be up to 60 months maximum.
  • You can check your personal loan eligibility for a pre-approved offer online in just 3 seconds.
  • Minimal documents required.

ICICI Pre-approved Personal Loan

ICICI offers pre-approved personal loans up to Rs. 50 Lakhs to the customers with good credit history in just 3 seconds. The pre-approved customers can enjoy the least processing time with minimal documentation. You can log in to the Internet Banking with iMobile app or through the website of the bank to check your eligibility.

  • The maximum amount for pre-approved loan can go up to Rs. 50 Lakhs.
  • The interest rates start from 11.25% p.a.
  • The processing fee involved is 1.25% of the loan amount plus GST.
  • Repayment tenure can range from 12 months to 60 months.
  • No collateral required.
  • Get a loan with minimum documentation , least processing time, and flexible repayment.

IDFC Pre-approved Loan

IDFC FIRST Bank offers pre-approved personal loan up to Rs. 40 Lakhs with zero documents to select reputed customers. You can apply for the loan online through the bank’s website or the IDFC FIRST Bank Loans app or offline from the branch.

  • You can avail of a personal loan online up to Rs. 40 Lakhs.
  • The interest rate for this loan starts from 10.49% p.a.
  • Processing fees can go up to 3.5% of the sanctioned loan amount.
  • The loan can be repaid in a flexible tenure of up to 60 months.
  • You don’t need to submit any documents to avail of this loan.
  • The bank offers the flexibility to make up to 40% part payment.

Pre Approved Personal Loan Features & Benefits

  • Instant disbursal: Existing customers of the bank/ NBFC get the pre-approved loan disbursed to their account instantly.
  • Minimal documentation: Pre-approved loans can be easily obtained with minimal or zero documentation.
  • No collateral required: No need to provide any collateral or security to obtain pre-approved instant loans.
  • Flexible repayment: Pre-approved loans can be repaid in EMIs in flexible repayment tenure of 12 to 60 months.
  • Competitive rate of interest: Only borrowers with a good credit history are eligible for a pre-approved personal loan. Therefore, lenders usually offer these loans at competitive interest rates as the borrowers don’t fall under the credit-risk category.
  • Paperless application process: With most lenders, you can apply for a pre-approved loan online from their website or mobile app. You can upload soft copies of the necessary documents on the website or mobile app of the lender. This makes the entire process paperless.
  • Special discounts: Lenders may add small benefits or discounts, such as a waiver on processing fee, lower interest rate, EMI holidays for 1-3 months, and so on. 

Note: know about the sbi personal loan interest rates and get instant loan.

How to Apply for a Pre-Approved Personal Loan?

  • Check your eligibility for pre-approved offer: Firstly, you need to check if you are eligible for a pre-approved offer or not. You can do so online by logging into your netbanking account through the bank’s website or mobile app. You can also visit the nearest bank branch to check your eligibility offline. Sometimes the bank also sends the pre-approved offer through email or SMS.
  • Submit the application: Once you are eligible, apply for the loan by filling up the application online or offline. It’s an instant process.
  • Submit documents: Most banks do not require any documents for a pre-approved personal loan as it is offered only to an existing customer of the bank. However, a few lenders may ask for additional documents.
  • Wait for approval. In most cases, you will get approval in just a few minutes or even seconds of application if everything goes well.
  • Get the amount disbursed online: Once the loan is approved and you agree with everything, the amount is disbursed within a few minutes into your bank account.

Eligibility for Pre-approved Personal Loan

  • Age limit is minimum 21 years up to 60 years.
  • The minimum monthly income required is usually Rs. 25,000.
  • The bank also assesses your credit score and existing debts to determine your creditworthiness and eligibility.
  • A pre-approved personal loan is generally offered to those customers who have a good credit history or clean track of repaying their dues. 
  • A pre-approved loan can also be offered to customers with no credit history but having good income and saving history. 
  • You can log in to the Internet Banking or mobile app of the bank or visit the nearest branch to check your eligibility.  
  • Responsible financial behaviour is required.
  • There should be a recent increase in your monthly income in some cases.
  • Repayment of a significant amount of your existing loans is also considered. 

Looking for Best Personal Loan Offer?

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Pre-approved Personal Loan FAQs

Pre-approved personal loans


In most cases, you can get approval in a few hours or even minutes of application.

What is the maximum amount offered under a pre-approved personal loan?


The maximum loan amount offered under a pre-approved personal loan is up to Rs. 50 Lakhs. The loan amount eligibility varies from bank to bank and depends on the borrower’s eligibility.

How do I know if I am pre approved for a loan?


You will usually get an SMS or email from your bank regarding the pre-approved personal loan offer. You can also check your eligibility online through the bank’ netbanking or mobile app or offline by visiting the nearest branch. You can also call at the customer care number of the bank to know your eligibility.

Which bank has the easiest personal loan approval?


HDFC, ICICI, and SBI are some of the banks that have the easiest personal loan approval process.