Personal loan upto Rs. 5 lakh starting at EMI of Rs. 2500/lakh.

  • Collateral-free loan
  • Minimum paperwork
  • Instant Approval

Apply For Personal Loan in India

Upwards personal loan is designed to cater to your financial needs almost instantly through an easy and hassle-free online application process. We provide you with an unsecured personal loan up to Rs. 5 lakh that can be used to cater to unexpected medical expenses, debt consolidation, wedding expenses, higher education, purchase of a new vehicle or even home renovation.

What is a Personal Loan?

In simple terms, personal loan is an unsecured form of credit that can be availed to take care of urgent financial needs such as payment of education fee, hospital bills, wedding expenses, purchase of mobile phone and others. The loan amount is offered for tenure of up to 60 months at low interest rates starting at 9%. With this type of loan being unsecured in nature, the lender does not require one to offer any collateral. Instead, the loan is offered based on your credit eligibility and credit score.


Features of Personal Loan

  • Borrow amount as low as Rs. 20,000
  • No paperwork required
  • Minimal documentation process
  • Instant approval and disbursal
  • Loan amount can be used for any purpose
  • Affordable interest rates starting at 9%
  • Helps you build your credit score
  • Collateral-free loan
  • Hassle-free online application process

Personal Loan Eligiblity Criteria

You don’t have to worry about a hundred different things like your credit score, monthly income or your age to be able to get a quick personal loan from Upwards. You simply need to fulfil the below eligibility criteria

You are resident of India
You must be 21+ years of age
Minimum Salary of INR 20,000

Documents Required for Personal Loan

Address Proof
Bank Statment
PAN Card
Last 3 Months Salary Slip

Improve your chances of getting a Personal Loan

Check on your Credit Score

Your credit score is one of the important factors’ lenders consider when assessing your loan application. The credit score is a significant determinant that determines your credit worthiness and repayment capacity. Each lender in India has minimum credit score requirement that you must meet to qualify to get a loan. On the other hand, not ever lender requires a strong credit score. Even if you have a strong credit but if you don’t meet with the lenders other criteria your loan application is likely to get rejected. Therefore, it is important you check on your credit score and ask the lender the minimum requirement to get a loan. Also, remember, a high credit score helps you get a high loan amount at low interest rate, whereas a low cibil score is likely to get your loan application rejected or approved at a high rate of interest.

Check on the Income Requirement

Lenders in India have a minimum income requirement that you need to qualify to get your loan application approved. The income requirement may also vary from state to state. The income requirement for individuals residing in tier I and tier II cities may be high in comparison to tier III cities. If you don’t have the income to pay back your loan then the lender would outright reject your application on the said ground.

Cater to the Employment Requirement

A lender may require you to be employed with your current company for a few days or months to be able to qualify for a personal loan. Additionally, if your company is not listed with the lender then your loan application is likely to get rejected. Therefore, it is imperative that you check the minimum employment requirement and the listing of your company to get your loan approved.

Don’t Become a Loan Guarantor for Anyone

If your friends or family need you to become a guarantor for their loan approval, then avoid doing so as opting to do so can affect your loan application. Remember, if the borrower defaults on the loan, then the responsibility of the repayment lands on the shoulders of the guarantor, which can eventually affect your credit eligibility too.

Have a Low Debt to Income Ratio

Your debt to income ratio signifies the month debts you repay in accordance with the gross monthly income you get; it is a measure of your ability to repay the loan you plan to borrow. If you have a high debt to income ratio then your loan application stands to be rejected on the same ground. Therefore, it is best you repay your existing loans before applying for a fresh unsecured form of credit.

Check Loan Eligibility Online

Before applying for a personal loan, it is advisable that you check your credit eligibility online using a personal loan eligibility calculator. The calculator helps you get an estimate of the loan amount you are eligible to get, thus preventing you from getting your application rejected.

Don’t make any Mistake in your Application

If you hide any facts from the lender then your loan application is likely to get rejected. Remember, lenders hire third party agencies to verify your employment, residence and income details. Any misrepresentation of facts can lead to rejection of your application. Even if you have a good credit score, then the lender can reject your application on the said ground.

Don’t frequently Switch Jobs

Lenders prefer to give loans to individuals having a stable job. For disbursing loan of high amount, lenders check your number of years of work experience and your current time period with the existing employer. Frequent job switches can have a negative impact on your loan application.

Dos and don’ts to follow when applying for a personal loan


  • Compare and research
  • Calculate the interest rate
  • Check your personal loan eligibility
  • Check the foreclosure charges


  • Ignore your credit score
  • Make too many applications

Personal loan Fees and Charges

When applying for a personal loan, it is significant that you are aware of the below fees and charges associated with it.

  • Loan processing fee
  • Goods and service tax
  • Verification charges
  • Late payment charges
  • Foreclosure charges
  • Part-payment charges
  • Defaulter penalty

Personal loan FAQs

Am I eligible to get personal loan?
If you are a salaried professional, having minimum monthly salary of Rs. 15,000 then you are likely to get a personal loan. Your personal loan eligibility depends on your income, job type, age, existing EMIs, credit score and other factors. You can check your personal loan eligibility online using a personal loan eligibility calculator.
What is the minimum period for which I can borrow personal loan?
You can borrow personal loan for a minimum tenure of 12 months.
How is the personal loan interest rate determined?
Personal loan interest rate is determined on the basis of your credit score, current salary, existing liabilities and the type of company you are employed with.
How is personal loan disbursed?
Personal loan is disbursed directly online in the borrower’s bank account. You can also opt to get the money through cheque or draft.

Happy Customers = Happy Us

Puja was happy to get a loan of Rs. 1 lakh for her son’s wedding

I needed money for my son’s marriage and that’s when Upwards helped me. They provided me with a loan of Rs. 1 lakh in just 2 days. The team guided me properly with the loan application process and also helped me understand the loan terms clearly. I am very happy with their service

-Puja Gupta

Mahesh was provided with a loan of Rs. 2 lakh for his daughter’s surgery

My daughter had to undergo surgery last month for which I needed money. I applied for a loan from Upwards and got the money in my account in just one day. The team was quick to help and understand my situation. Super impressed with their service and easy application process.

-Mahesh Kumar

More than 1 Million+ Happy Customers

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