Personal loans to keep
you one step ahead
~ Up to ₹1 Lakh
~ Instant Transfer to Bank
~ No Prepayment Charges

Compare personal loan rates from top lenders

Get a decision in minutes

Start your online application

Download the app, fill in some basic details, and upload the KYC documentation to start your application. Your data is safe with us and will not be sold to lenders.

Check rates from multiple lenders

Based on the data you provide in your application, we only show you relevant lenders who are most likely to sanction your loan at the best possible rates for you.

Fast approval and instant disbursals

We know you don’t have time to wait around for your loan, which is why we work with lenders to get you funded fast. You’ll be able to access your money in < 24 hrs.

FAQs on Personal Loans

What are Personal Loans?

We have two types of personal loans available – Salary Advance & Unsecured Loan. The former is a shorter version of Personal Loans. While “Unsecured Loan” ranges from Rs 1 Lakh to Rs 25 Lakhs with tenure ranging from 1-3 years,​ a “Salary Advance Loan” ranges from Rs 10K to Rs 1 Lakh with tenure ranging from 62-120 days. A Personal Loan can be used for weddings, education, travel, medical or any other general purposes. It is an unsecured, short-term loan provided to salaried employees.

Who can apply for a loan on MoneyLoji?

Any Indian individual above the age of 21 years, who is salaried or has a monthly source of income may apply for a Personal Loan through the MoneyLoji Platform.

What is the application process for Personal Loan?

We understand the value of your time and hence have designed our application process in such a way that the loan gets processed within a few minutes. All you need is to register for our app, provide us a few details, and upload the required documents. The moment we receive all the details, the system will calculate and approve the loan as per the eligibility. Once the loan is approved, you need to digitally sign documents and within a few minutes, the amount will be credited to your bank account.
 
  1. Download Moneyloji app from Google Play Store or Apple Store (Coming soon)
  2. Register yourself through mobile number and OTP
  3. Fill in your basic details (Name, Father’s Name, Date of Birth, Pin Code, Email, and Marital Status). We need this to customize offers for you.
  4. Provide us your current residential address, employment details and office address (required for personal loans). This is only required once.
  5. Click on Personal Loan and select the address you are applying from.
  6. Take and upload your selfie. You cannot upload photos from your phone
  7. Upload a photo of the PAN Card. You can either take a photo or upload it from the gallery photo in case you don’t have it around. 
  8. On this screen you are shown a list of lenders available on our platform. Choose the tenure and loan amount you wish to take a loan for. You can also check pre-payment charges, processing fees levied by various lenders.
  9. Upload your KYC documents. Here you can choose to upload Aadhar only, or 2 out 3 documents (Voter ID, Driver License or Passport) in case you do not have an Aadhar card.
  10. Upload your financial documents (Bank statement with account number & IFSC code visible) and Appointment Letter or Salary Slips.
  11. Wait for the system to process your eligibility. 
  12. Upon success, select the amount and tenure you are eligible for, and authorize the transaction.
  13. Get the amount credited to your bank account instantly.

Which banks have you partnered with?

As an online secured platform that connects borrowers and lenders, MoneyLoji has partnered with Ganesh Leasfin Pvt Ltd (an RBI registered NBFC), IDFC First Bank, HDFC Bank, Bajaj Finserv for Personal loans.

For Business loans, we have tie-ups with HDFC Bank, IDFC First Bank, Ganesh Leasfin Pvt Ltd, and Bajaj Finserv.

What all purposes can I use the loan for?

Once the loan has been disbursed into your account, the funds are yours. You can transfer money from your app to your bank account and can use your regular ATM card to withdraw funds and use them as you wish or NEFT/IMPS to someone depending on your needs. 

MoneyLoji can be used to meet the money/financial requirements for any kind of personal use. Our customers typically use MoneyLoji for the following reasons:

  • Medical emergencies
  • Pregnancy bills
  • Weddings
  • Shopping
  • Home renovation
  • House rent deposits
  • Children’s school fees

Will my loan be reported to CIBIL/other credit bureaus?

Yes, your loan and performance of your loan track will be reported to CIBIL, Crif, and other credit bureaus; as per the RBI guidelines. A good loan repayment ensures building a good credit history and score; at the same time, a bad loan repayment with delayed payments and over dues – adversely affects your credit history and score.

What documents will I have to submit when applying for a personal loan?

The mandatory documents are:

  • KYC Documents (PAN Card, Aadhar Card, Date of Birth). In case you don’t have your mobile number seeded with an Aadhar card, you will not be able to apply for a loan.
  • Bank Statements for the last three months (Account number and IFSC code should be visible on the statement). In case your statement is password protected, please keep the password handy. We store all passwords with 256-bit SSL encryption so your data is completely encrypted and safe with us.
  • Salary Slips for the last three months
  • Address Proof documents
  • Please note that in case of any discrepancies or fraudulent documents, we may cancel your loan application.

If case you require further assistance, please email care@moneyloji.com or call us at 9810559964

How long does it take to disburse the loan amount?

Once you submit all the documents the loan is disbursed within minutes. An average customer takes 5-minutes to qualify, after opening the app. The speed might vary depending on how fast you can type!

What is the minimum & maximum amount I can borrow?

For Salary Advance loans you can borrow up to Rs 100000

For Unsecured Loans, you can borrow up to Rs 5 lakhs. However, we recommend that you borrow only the amount you need and are comfortable with. Our system will calculate the maximum amount you are eligible to borrow.

How to increase the disbursement amount?

Your eligibility is decided basis your monthly salary, monthly expenses, and your credit bureau score. To begin with, we calculate the maximum amount that can be disbursed as per the underwriting criteria set by our lending partners. 

With regular loan applications from us along with timely repayments, there is a good possibility that the maximum disbursal limit increases with time. However, this also depends on other factors like your monthly salary, credit score, and a host of other data points that we get from you when you create your profile. While making timely repayments increases the probability of enhancing your maximum disbursal amount, it does not guarantee the same.

What is the minimum & maximum tenure I can borrow for?

For Salary Advance loans you can borrow for upto 62-120 days

For personal loans you can borrow for upto 36 months.

Can I change the repayment period after applying for a loan?

Sorry, You cannot change your EMI date. We are working on coming up with flexible EMI dates. We will let you know as soon as we make this option live. Thanks for your understanding.

Can I get a Personal Loan without collateral?

Yes, for Personal Loan you don’t need to provide any security.

Is prepayment allowed for personal loans?

Yes. For Salary advance loans we allow prepayment with zero charges after 7 days from the date of disbursal.

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