When you need fast funds without the hassle of paperwork or waiting, QuickCashs makes it happen. Whether it’s for an unexpected medical bill, a home renovation, education, or personal goals, you can easily get a ₹1 lakh personal loan for 5 years with flexible EMIs that fit your monthly budget.
QuickCashs connects you with multiple top banks and NBFCs in one platform—so you can compare interest rates, choose the most affordable plan, and apply instantly. No middlemen. No confusion. Just transparent, quick financing that works for you.
What is a ₹1 Lakh Personal Loan?
A personal loan of ₹1 lakh is an unsecured loan—meaning you don’t need to pledge any asset or collateral. You can borrow this amount and repay it over a fixed tenure, such as 5 years (60 months), through EMIs (Equated Monthly Installments).
The EMI depends on the interest rate, loan tenure, and your credit profile. With a 5-year tenure, your monthly EMI remains manageable, allowing you to handle other expenses comfortably.
Benefits of Taking a ₹1 Lakh Loan for 5 Years
1. Low Monthly EMIs
By spreading the repayment across 60 months, your EMI becomes lighter and easier to manage. For example, at 12% interest, your monthly EMI is around ₹2,225 only.
2. Instant Online Approval
QuickCashs offers an end-to-end digital process. You can check your eligibility, upload documents, and get approval in minutes—no branch visits required.
3. Compare Multiple Banks in One Place
Why visit different lenders separately? QuickCashs brings offers from leading banks and NBFCs together, so you can instantly compare interest rates, EMIs, and processing fees.
4. No Collateral Required
You don’t need to mortgage property or submit any security. The loan is purely based on your credit score and income profile.
5. Flexible Usage
Use the ₹1 lakh loan amount for anything—medical expenses, wedding costs, travel, small business, or emergency needs. There are no restrictions on end use.
6. Transparent Charges
QuickCashs ensures full transparency. You’ll see all charges upfront—no hidden costs, no surprises later.
Eligibility Criteria for a ₹1 Lakh Personal Loan
Every bank has slightly different norms, but the general eligibility requirements are:
| Criteria | Required |
|---|---|
| Age | 21 to 55 years |
| Employment Type | Salaried or self-employed |
| Minimum Monthly Income | ₹12,000 – ₹20,000 (salary must deposit to bank account) |
| Work Experience | 12 months for salaried / 1 year for self-employed |
| Credit Score | 700+ recommended |
| Nationality | Indian citizen residing in India |
Documents Required for ₹1 Lakh Personal Loan
Keep these documents handy to speed up your loan approval process:
1. Identity Proof (KYC)
- Aadhaar Card / PAN Card / Passport / Voter ID
2. Address Proof
- Utility Bill / Rent Agreement / Passport / Driving License
3. Income Proof
- For Salaried: Last 3 months’ salary slips & 12-month bank statements
- For Self-Employed: Last 2 years’ ITR and bank statements
4. Photograph
- Recent passport-sized photo
5. Employment Proof
- Company ID card or offer letter (for salaried applicants)
₹1 Lakh Loan EMI Calculation for 5 Years
Here’s how the EMI may vary based on different interest rates:
| Interest Rate (p.a.) | Tenure | EMI (Approx.) | Total Interest | Total Repayment |
|---|---|---|---|---|
| 10% | 5 years | ₹2,125 | ₹27,500 | ₹1,27,500 |
| 12% | 5 years | ₹2,225 | ₹33,500 | ₹1,33,500 |
| 14% | 5 years | ₹2,330 | ₹39,800 | ₹1,39,800 |
Tip: Use QuickCashs’ free EMI calculator to estimate your monthly payments and total cost before applying.
Choose Top Lenders for 1 Lakh Loan Apply
| Lenders | Interest Rate (p.a.) | CIBIL Score | Salary | |
| WeRize | 16% to 18% p.a. | -1/ 680+ | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | 720+ | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | -1/ 700+ | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | -1/ 680+ | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | 730+ | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | -1/ 700+ | Rs. 15,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | 700+ | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | 720+ | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | 680+ | Rs. 9,000 | Apply Now |
How to Apply for a ₹1 Lakh Loan via QuickCashs
Applying for a loan on QuickCashs takes only a few minutes. Here’s the simple process:
1. Visit QuickCashs Website
Go to the Personal Loan section and select “₹1 Lakh Personal Loan.”
2. Fill in Basic Details
Enter your personal, employment, and income details to check your eligibility.
3. Compare Loan Offers
Instantly view multiple offers from partner banks and NBFCs, showing interest rates, EMI options, and processing fees.
4. Select the Best Offer
Choose the lender that best fits your needs—lowest EMI, best rate, or fastest approval.
5. Upload Documents Online
Submit your KYC and income proofs securely on the portal.
6. Get Instant Approval & Disbursal
Once verified, your ₹1 lakh loan is approved, and funds are transferred directly to your bank account—usually within 24 hours.
Tips to Get the Best Deal
- Maintain a Good Credit Score: A score above 740 can unlock lower interest rates.
- Choose a Longer Tenure: Spreads out EMIs for easier repayment, though total interest increases.
- Compare All Offers: Never settle for the first quote—QuickCashs lets you compare instantly.
- Avoid Multiple Applications: Too many applications can hurt your credit score.
- Check for Prepayment Options: Some lenders let you pay off early with minimal charges.
Also Read: WeRize Business Loan
Conclusion
₹1 lakh personal loan for 5 years is one of the easiest ways to get financial flexibility without long waits or paperwork. With QuickCashs, you can compare offers, check EMIs, and apply in minutes—all from your phone or laptop.
