About Personal Loan

Personal loan is the obvious choice if you need a finance for Personal finance, Medical emergency, Wedding purposes, Abroad travel, Holidays, Child education and for buying consumer durable things.

  • The repayment period of a personal loan typically ranges over a period of 12 to 60 months.
  • Because Personal loans are unsecured in nature there is no need for security, collateral, or guarantors required.
  • The usual approval timeline for a personal loan is within 5 working days.
  • Top-up options are available for personal loans, but depend on bank policy and the possibility is different across banks

Chickly can offer a customer-first approach to processing and getting a personal loan. We can compare against 100+ product categories from 100’s banks in India and can provide you the best match against your profile.

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Personal Loan Products

Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

Medical Emergency

Personal loans are well suited for unfortunate medical emergencies in your family as the application process is fairly short, straightforward. Usually, funds hit your bank account in a matter of days.

Wedding Purpose

If you need some urgent funds for an upcoming Marriage in your family or your marriage, No need to sell/pledge your gold or properties. There are personal loans with characteristics to support marriage purposes.

Abroad Travel

Get the funds for the expenditure involved in going abroad for taking up employment. We can match the best product from various banks, customizing the interest, borrowing terms.

Child Educations

Personal loans are also well suited for education purpose, as it can be processed without much delay and documentation dependencies.

We know all the existing product offerings and their policies. We can simplify the application process.

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Features of Personal Loan

All loans are not created equal, personal loan has become a great option for people to use.

Faster Loan

For funding medical expenses, hospitalization, surgery, No collateral required. Sed eget accumsan justo. Due to its unsecured collateral nature, the overall process takes usually few hours to days, especially if you have good credit history.

Choose your amount

The amount of funds required can be customized for a personal loan. You can take parts of this amount and can top up later as you get new requirements. This allows you to pay less interest.

Enjoy the best rates

Depending upon the credit history, you can command some of the best industry interest rates. Added on top of this, Chickly can help you compare, shortlist the best products out there on personal loans.

Decide your tenure

Personal Loans can be borrowed with a variety of tenure options. Depending on your other obligations you can generally get the tenure between 5 and 7 years.

Personal Loan - Eligibility & Documents

Eligibility Criteria

  • 21 years
  • 58 years
  • Resident Indian/NRI
  • Rs 20,000
  • Salaried/Business Owner Professionals
  •  Year
  • 1 Year


  • PAN Card, Passport, Driving License, Voter ID, Aadhar Card.
  • PAN Card, Passport, Driving License, Bank Verification Form.
  • Passport, Driving License, Voter ID, Aadhar Card, Mobile/Land Line Bill, Rental Agreement,       Gas Bond with Bill, Sale Deed, Property Tax, Electricity Bill, Aadhar Card.


  • Latest 6 Months Bank Statement.
  • Latest 3 Months Payslips.
  • One photograph.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

An unsecured loan is called a Personal loan. This implies that you don’t have to give any security, as with a car loan or a home loan, where the underlying asset is mortgaged with the bank. Normally, the bank does not ask for guarantors either. More advantages: minimum documentation and speedy clearance (within three to seven days of applying). And there is no monitoring of ‘end use’ — you can use the loan for any purpose you like.

Loan eligibility depends upon various factors which differ from banks to banks. The main factor of course, is your ability to repay the loan. Also your profile, in terms of residence and the place you work in also matters. Do make sure to check all such other eligibilities before applying.

Apart from the rate of interest bank also do charge some fees which are of Usually two types. Once when you are applying for the loan and once when you are preclosing the loan. The fees when charged at the time of processing called as Processing Fees vary from 2-3% of the loan amount. This could be reduced if you have the ability of bargaining. the second charge is the prepayment penalty paid at the time of preclosure. This too varies from 2 –3 %. Similar to processing charges, you can also try to get this fees reduced.

Yes. Personal Loans can be applied jointly with a co-applicant (either be your spouse or your parents). This helps you to increase your income eligibility and you can also avail for a larger amount of loan, if you want to, as your co-applicants income also gets added to your income and that total is taken into consideration for calculating the loan amount you will be eligible for.

Depends on the bank/NBFC. Certain nationalised banks do allow fore-closure of personal loan. If that’s one of your primary criterial, we can work along those lines and get it done.